FP Markets
GO Markets
FP Markets vs GO Markets
A detailed side-by-side comparison based on our hands-on testing across 8 scoring categories.
FP Markets and GO Markets are both popular choices for forex and CFD traders, but they cater to different needs and experience levels. FP Markets, founded in 2005 and headquartered in Sydney, Australia, is regulated by ASIC, CySEC and offers spreads starting from 0.0 pips with a minimum deposit of $100. GO Markets, established in 2006 in Melbourne, Australia, holds licenses from ASIC, CySEC, FSA with spreads from 0.0 pips and a $200 minimum deposit. In our hands-on testing across 8 scoring categories, FP Markets scored 8.2/10 overall compared to GO Markets's 7.8/10, making it the stronger pick for most traders. That said, GO Markets holds its own with overall value, so your ideal broker depends on what you prioritize in a trading partner.
Key Differences at a Glance
- 📊
FP Markets scores 8.2/10 overall vs 7.8/10 for GO Markets — a 0.4-point difference.
- 💵
FP Markets requires just $100 to start, while GO Markets needs $200 — FP Markets is 2x more accessible.
- 📈
FP Markets offers 10,000+ instruments vs 350+ at GO Markets — a massive gap in market coverage.
- 🖥️
FP Markets runs on MT4, MT5, cTrader, IRESS, while GO Markets uses MT4, MT5, cTrader — different ecosystems for different trading styles.
- ⚡
The biggest gap is in Product Range: FP Markets scores 8.0 vs 7.0 for GO Markets — a 1.0-point difference.
Our Verdict
FP Markets
Score: 8.2/10 · Wins 5 categories- You want lower spreads and trading fees
- You need advanced trading platforms and tools
- Responsive customer support matters to you
- You want access to a wider range of instruments
GO Markets
Score: 7.8/10 · Wins 0 categories- You prefer GO Markets's trading environment overall
FP Markets takes the lead with an overall score of 8.2/10 compared to 7.8/10, winning in 5 out of 8 scoring categories. FP Markets stands out for lower trading costs and better trading platforms, while GO Markets remains a solid alternative.
Detailed Verdict
After testing both brokers with real accounts, FP Markets comes out ahead with a 8.2/10 overall rating, winning 5 out of 8 categories. Its strongest area is Trading Costs where it scores 8.5/10. FP Markets holds Tier 1 regulation, meaning your funds benefit from top-level investor protection including segregated accounts and compensation schemes. GO Markets is not without merit — it scores 7.8/10 overall and excels in Regulation & Trust (8.5/10). For a complete breakdown, read our full FP Markets review and GO Markets review — both include account opening walkthroughs, platform screenshots, and withdrawal test results.
Score Breakdown
FP Markets wins by 0.5 points
FP Markets wins by 0.5 points
FP Markets wins by 0.5 points
FP Markets wins by 0.5 points
FP Markets wins by 1.0 points
Full Feature Comparison
| Feature | ||
|---|---|---|
| Overall Score | 8.2/10 ✓ | 7.8/10 |
| Min Deposit Lower is better | $100 ✓ | $200 |
| Max Leverage | 1:500 | 1:500 |
| Spreads From | 0.0 pips | 0.0 pips |
| Platforms | MT4, MT5, cTrader, IRESS | MT4, MT5, cTrader |
| Regulation | ASIC, CySEC | ASIC, CySEC, FSA |
| Founded Older track record highlighted | 2005 ✓ | 2006 |
| Markets | 10,000+ ✓ | 350+ |
Fees & Costs
When it comes to trading costs, FP Markets has the edge with a score of 8.5/10 versus 8/10 for GO Markets. FP Markets offers spreads starting from 0.0 pips, while GO Markets starts from 0.0 pips. The minimum deposit at FP Markets is $100, compared to $200 at GO Markets. Both brokers operate primarily on a spread-based pricing model, though actual costs vary by account type and instrument. For high-volume traders, even small spread differences add up significantly over time, making this an important category to weigh carefully.
Trading Platforms
FP Markets scores 8.5/10 for platforms compared to 8/10 for GO Markets. FP Markets provides MT4, MT5, cTrader, IRESS, while GO Markets offers MT4, MT5, cTrader. The choice of platform affects your charting, order execution speed, and available technical indicators. Traders who rely on MetaTrader's algorithmic trading capabilities should check which MT4/MT5 features each broker supports, including custom indicators and expert advisors.
Regulation & Safety
Regulation is crucial for fund safety. FP Markets is regulated by ASIC, CySEC (Tier 1), while GO Markets holds licenses from ASIC, CySEC, FSA (Tier 1). FP Markets scores 8.5/10 and GO Markets scores 8.5/10 in this category. Tier 1 regulators like FCA, ASIC, and CySEC offer the strongest investor protection, including segregated client funds and compensation schemes. Always verify your broker's specific license for your jurisdiction before opening an account.
Education & Research
For learning resources, FP Markets leads with 7/10 compared to 7/10. Quality education materials can shorten your learning curve significantly. Look for brokers offering structured courses, live webinars, and practice demo accounts. FP Markets and GO Markets both provide demo accounts for risk-free practice, but the depth of educational content varies. Beginners should prioritize this category when choosing between the two.
Customer Support
FP Markets offers 24/7 Live Chat, Email, Phone and scores 8/10, while GO Markets provides 24/5 Live Chat, Email, Phone with a score of 7.5/10. Reliable support becomes critical during market volatility or when you encounter account issues. Look for brokers with 24/5 or 24/7 availability, multiple contact channels, and support in your preferred language.
Deposit & Withdrawal
FP Markets scores 8/10 for deposits and withdrawals, while GO Markets scores 7.5/10. FP Markets accepts Bank Transfer, Credit Card, PayPal, Skrill, Neteller, and GO Markets supports Bank Transfer, Credit Card, Skrill, Neteller, Fasapay. Processing times, fees, and available currencies vary. FP Markets requires a minimum deposit of $100 versus $200 for GO Markets. Always check withdrawal conditions and any potential fees before funding your account.
Which Broker Is Right for You?
Choose FP Markets if you...
- You want lower spreads and trading fees
- You need advanced trading platforms and tools
- Responsive customer support matters to you
- You want access to a wider range of instruments
🗳️ Which Broker Do You Prefer?
Cast your vote — see what other traders think
Frequently Asked Questions
Is FP Markets better than GO Markets?
FP Markets scores higher overall (8.2/10 vs 7.8/10), winning 5 of 8 categories. However, GO Markets remains competitive. The best choice depends on what matters most to your trading style.
Which has lower fees, FP Markets or GO Markets?
FP Markets scores higher for trading costs. FP Markets offers spreads from 0.0 pips with a $100 minimum deposit, while GO Markets starts from 0.0 pips with $200 minimum. Actual trading costs depend on your instrument, volume, and account type.
Is FP Markets safe to trade with?
FP Markets is regulated by ASIC, CySEC and scores 8.5/10 for regulation. GO Markets is regulated by ASIC, CySEC, FSA with a score of 8.5/10. Both hold recognized licenses, but verify the specific entity covering your region.
Which has better trading platforms, FP Markets or GO Markets?
FP Markets scores 8.5/10 for platforms. FP Markets offers MT4, MT5, cTrader, IRESS, while GO Markets provides MT4, MT5, cTrader. Your ideal platform depends on whether you prefer proprietary tools, MetaTrader, or third-party solutions.
What's the minimum deposit for FP Markets vs GO Markets?
FP Markets requires a minimum deposit of $100, while GO Markets requires $200. FP Markets has the lower entry barrier, making it more accessible for beginners or those testing with smaller amounts.
Ready to Start Trading?
Open a free account with either broker and start trading today.