GO Markets
Oanda
GO Markets vs Oanda
A detailed side-by-side comparison based on our hands-on testing across 8 scoring categories.
GO Markets and Oanda 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. Oanda, established in 1996 in New York, USA, holds licenses from FCA, ASIC, MAS with spreads from 1.0 pips and a $0 minimum deposit. In our hands-on testing across 8 scoring categories, Oanda scored 8.4/10 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 lower trading costs and wider product range, so your ideal broker depends on what you prioritize in a trading partner.
Key Differences at a Glance
- 📊
Oanda scores 8.4/10 overall vs 7.8/10 for GO Markets — a 0.6-point difference.
- 💵
Oanda requires just $0 to start, while GO Markets needs $200 — Oanda is 200x more accessible.
- 📈
GO Markets offers 350+ instruments vs 120+ at Oanda — a massive gap in market coverage.
- 🖥️
GO Markets runs on MT4, MT5, cTrader, while Oanda uses fxTrade, MT4, TradingView — different ecosystems for different trading styles.
- ⚡
The biggest gap is in Research & Analysis: Oanda scores 9.0 vs 7.5 for GO Markets — a 1.5-point difference.
Our Verdict
GO Markets
Score: 7.8/10 · Wins 2 categories- You want lower spreads and trading fees
- You want access to a wider range of instruments
- You prefer GO Markets's trading environment overall
Oanda
Score: 8.4/10 · Wins 5 categories- You're a beginner who values learning resources
- Top-tier regulation and fund safety are your priority
- Responsive customer support matters to you
- Fast and flexible deposits & withdrawals are important
Oanda takes the lead with an overall score of 8.4/10 compared to 7.8/10, winning in 5 out of 8 scoring categories. Oanda stands out for stronger regulation and superior education resources, while GO Markets fights back with lower trading costs and wider product range.
Detailed Verdict
After testing both brokers with real accounts, Oanda comes out ahead with a 8.4/10 overall rating, winning 5 out of 8 categories. Its strongest area is Regulation & Trust where it scores 9.5/10. Oanda 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 lower trading costs or wider product range may find GO Markets the better fit. For a complete breakdown, read our full Oanda 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
Oanda wins by 1.0 points
Oanda wins by 0.5 points
Oanda wins by 0.5 points
Oanda wins by 1.5 points
Oanda wins by 0.5 points
GO Markets wins by 0.5 points
Full Feature Comparison
| Feature | ||
|---|---|---|
| Overall Score | 7.8/10 | 8.4/10 ✓ |
| Min Deposit Lower is better | $200 | $0 ✓ |
| Max Leverage | 1:500 | 1:200 |
| Spreads From | 0.0 pips | 1.0 pips |
| Platforms | MT4, MT5, cTrader | fxTrade, MT4, TradingView |
| Regulation | ASIC, CySEC, FSA | FCA, ASIC, MAS |
| Founded Older track record highlighted | 2006 | 1996 ✓ |
| Markets | 350+ ✓ | 120+ |
Fees & Costs
When it comes to trading costs, GO Markets has the edge with a score of 8/10 versus 7.5/10 for Oanda. GO Markets offers spreads starting from 0.0 pips, while Oanda starts from 1.0 pips. The minimum deposit at GO Markets is $200, compared to $0 at Oanda. 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 8/10 for Oanda. GO Markets provides MT4, MT5, cTrader, while Oanda offers fxTrade, MT4, TradingView. 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 Oanda holds licenses from FCA, ASIC, MAS (Tier 1). GO Markets scores 8.5/10 and Oanda scores 9.5/10 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, Oanda leads with 7.5/10 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 Oanda 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 Oanda provides 24/5 Live Chat, Email, Phone with a score of 8/10. 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 Oanda scores 8/10. GO Markets accepts Bank Transfer, Credit Card, Skrill, Neteller, Fasapay, and Oanda supports Bank Transfer, Credit Card, PayPal. Processing times, fees, and available currencies vary. GO Markets requires a minimum deposit of $200 versus $0 for Oanda. Always check withdrawal conditions and any potential fees before funding your account.
Which Broker Is Right for You?
Choose GO Markets if you...
- You want lower spreads and trading fees
- You want access to a wider range of instruments
- You prefer GO Markets's trading environment overall
Choose Oanda if you...
- You're a beginner who values learning resources
- Top-tier regulation and fund safety are your priority
- Responsive customer support matters to you
- Fast and flexible deposits & withdrawals are important
🗳️ Which Broker Do You Prefer?
Cast your vote — see what other traders think
Frequently Asked Questions
Is GO Markets better than Oanda?
Oanda scores higher overall (8.4/10 vs 7.8/10), winning 5 of 8 categories. However, GO Markets is stronger in lower trading costs and wider product range. The best choice depends on what matters most to your trading style.
Which has lower fees, GO Markets or Oanda?
GO Markets scores higher for trading costs. GO Markets offers spreads from 0.0 pips with a $200 minimum deposit, while Oanda starts from 1.0 pips with $0 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. Oanda is regulated by FCA, ASIC, MAS with a score of 9.5/10. Both hold recognized licenses, but verify the specific entity covering your region.
Which has better trading platforms, GO Markets or Oanda?
GO Markets scores 8/10 for platforms. GO Markets offers MT4, MT5, cTrader, while Oanda provides fxTrade, MT4, TradingView. Your ideal platform depends on whether you prefer proprietary tools, MetaTrader, or third-party solutions.
What's the minimum deposit for GO Markets vs Oanda?
GO Markets requires a minimum deposit of $200, while Oanda requires $0. Oanda 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.