GO Markets
FXTM
GO Markets vs FXTM
A detailed side-by-side comparison based on our hands-on testing across 8 scoring categories.
GO Markets and FXTM are both popular choices for forex and CFD traders, but they cater to different needs and experience levels. GO Markets, founded in 2006 and headquartered in Melbourne, Australia, is regulated by ASIC, CySEC, FSA and offers spreads starting from 0.0 pips with a minimum deposit of $200. FXTM, established in 2011 in Limassol, Cyprus, holds licenses from CySEC, FCA, FSA with spreads from 0.0 pips and a $10 minimum deposit. In our hands-on testing across 8 scoring categories, FXTM scored 8/10 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 better trading platforms and more research tools, so your ideal broker depends on what you prioritize in a trading partner.
Key Differences at a Glance
- 📊
FXTM scores 8/10 overall vs 7.8/10 for GO Markets — a 0.2-point difference.
- 💵
FXTM requires just $10 to start, while GO Markets needs $200 — FXTM is 20x more accessible.
- 📈
FXTM offers 600+ instruments vs 350+ at GO Markets — a notable difference in market coverage.
- 🖥️
GO Markets runs on MT4, MT5, cTrader, while FXTM uses MT4, MT5, FXTM Trader App — different ecosystems for different trading styles.
- ⚡
The biggest gap is in Education: FXTM scores 8.5 vs 7.0 for GO Markets — a 1.5-point difference.
Our Verdict
GO Markets
Score: 7.8/10 · Wins 2 categories- You need advanced trading platforms and tools
- You rely on in-depth research and analysis tools
- You prefer GO Markets's trading environment overall
FXTM
Score: 8.0/10 · Wins 3 categories- You're a beginner who values learning resources
- Top-tier regulation and fund safety are your priority
- Fast and flexible deposits & withdrawals are important
- You prefer a low minimum deposit ($10)
FXTM takes the lead with an overall score of 8/10 compared to 7.8/10, winning in 3 out of 8 scoring categories. FXTM stands out for stronger regulation and superior education resources, while GO Markets fights back with better trading platforms and more research tools.
Detailed Verdict
After testing both brokers with real accounts, FXTM comes out ahead with a 8/10 overall rating, winning 3 out of 8 categories. Its strongest area is Regulation & Trust where it scores 9.0/10. FXTM 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), winning 2 categories. Traders who value better trading platforms or more research tools may find GO Markets the better fit. For a complete breakdown, read our full FXTM review and GO Markets review — both include account opening walkthroughs, platform screenshots, and withdrawal test results.
Score Breakdown
GO Markets wins by 0.5 points
FXTM wins by 0.5 points
FXTM wins by 1.5 points
GO Markets wins by 0.5 points
FXTM wins by 0.5 points
Full Feature Comparison
| Feature | ||
|---|---|---|
| Overall Score | 7.8/10 | 8.0/10 ✓ |
| Min Deposit Lower is better | $200 | $10 ✓ |
| Max Leverage | 1:500 | 1:2000 |
| Spreads From | 0.0 pips | 0.0 pips |
| Platforms | MT4, MT5, cTrader | MT4, MT5, FXTM Trader App |
| Regulation | ASIC, CySEC, FSA | CySEC, FCA, FSA |
| Founded Older track record highlighted | 2006 ✓ | 2011 |
| Markets | 350+ | 600+ ✓ |
Fees & Costs
When it comes to trading costs, GO Markets has the edge with a score of 8/10 versus 8/10 for FXTM. GO Markets offers spreads starting from 0.0 pips, while FXTM starts from 0.0 pips. The minimum deposit at GO Markets is $200, compared to $10 at FXTM. 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
GO Markets scores 8/10 for platforms compared to 7.5/10 for FXTM. GO Markets provides MT4, MT5, cTrader, while FXTM offers MT4, MT5, FXTM Trader App. 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. GO Markets is regulated by ASIC, CySEC, FSA (Tier 1), while FXTM holds licenses from CySEC, FCA, FSA (Tier 1). GO Markets scores 8.5/10 and FXTM scores 9/10 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, FXTM leads with 8.5/10 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. GO Markets and FXTM 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
GO Markets offers 24/5 Live Chat, Email, Phone and scores 7.5/10, while FXTM 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
GO Markets scores 7.5/10 for deposits and withdrawals, while FXTM scores 8/10. GO Markets accepts Bank Transfer, Credit Card, Skrill, Neteller, Fasapay, and FXTM supports Bank Transfer, Credit Card, Skrill, Neteller. Processing times, fees, and available currencies vary. GO Markets requires a minimum deposit of $200 versus $10 for FXTM. Always check withdrawal conditions and any potential fees before funding your account.
Which Broker Is Right for You?
Choose GO Markets if you...
- You need advanced trading platforms and tools
- You rely on in-depth research and analysis tools
- You prefer GO Markets's trading environment overall
Choose FXTM if you...
- You're a beginner who values learning resources
- Top-tier regulation and fund safety are your priority
- Fast and flexible deposits & withdrawals are important
- You prefer a low minimum deposit ($10)
🗳️ Which Broker Do You Prefer?
Cast your vote — see what other traders think
Frequently Asked Questions
Is GO Markets better than FXTM?
FXTM scores higher overall (8/10 vs 7.8/10), winning 3 of 8 categories. However, GO Markets is stronger in better trading platforms and more research tools. The best choice depends on what matters most to your trading style.
Which has lower fees, GO Markets or FXTM?
GO Markets scores higher for trading costs. GO Markets offers spreads from 0.0 pips with a $200 minimum deposit, while FXTM starts from 0.0 pips with $10 minimum. Actual trading costs depend on your instrument, volume, and account type.
Is GO Markets safe to trade with?
GO Markets is regulated by ASIC, CySEC, FSA and scores 8.5/10 for regulation. FXTM is regulated by CySEC, FCA, FSA with a score of 9/10. Both hold recognized licenses, but verify the specific entity covering your region.
Which has better trading platforms, GO Markets or FXTM?
GO Markets scores 8/10 for platforms. GO Markets offers MT4, MT5, cTrader, while FXTM provides MT4, MT5, FXTM Trader App. Your ideal platform depends on whether you prefer proprietary tools, MetaTrader, or third-party solutions.
What's the minimum deposit for GO Markets vs FXTM?
GO Markets requires a minimum deposit of $200, while FXTM requires $10. FXTM 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.