5paisa vs GO Markets

5paisa vs GO Markets Comparison Table 2023
5paisa GO Markets
WINNER
5paisa is the better broker

5paisa is #36 in our broker rankings.

United States Flag Traders from US accepted
United States Flag Traders from US not accepted

5paisa is a discount Indian brokerage with equities and derivatives trading on thousands of products.

GO Markets is an ASIC-regulated FX & CFD broker with leveraged trading opportunities and spreads from 0.0 pips.

Pros
  • Cash rebates
  • No inactivity fee
  • Spreads from 0.0 pips
  • Copy trading service
  • Trading signals and market insights
  • MetaTrader 4 and MetaTrader 5 platforms
  • Strong regulatory oversight, including CySEC
Cons
  • $200 minimum deposit
  • No Islamic account
  • No crypto deposits
Awards
  • No. 1 For Educational Materials, 2019-2021 - Investment Trends Australia Leverage Trading Report
  • No. 1 For Value for Money, Spreads, Trading Ideas & Strategies and Margin Requirements, 2021 - Investment Trends Australia Leverage Trading Report
Bonus
30% cash rebate
Instruments
Stocks, Futures, Options, Forex CFDs, forex, indices, shares, energies, metals, cryptocurrencies
Demo Account
No Yes
Minimum Deposit
INR 450 $200
Payment Methods
Minimum Trade
No 0.01 lots
Regulator
SEBI ASIC, CySEC, FSC of Mauritius
Margin Trading
Yes Yes
MetaTrader 4
No Yes
MetaTrader 5
No Yes
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No Yes
eSignal
No No
Trading Central
No Yes
STP Account
No Yes
ECN Account
No Yes
DMA Account
No No
MAM Account
No Yes
PAMM Account
No No
LAMM Account
No No
Demat Account
Yes No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
iOS & Android iOS & Android
Auto Trading
Yes
Copy Trading
No Yes
Copy Trading Platform
GO Markets uses Myfxbook AutoTrade platform to provide investors with the option to copy other traders.
Social Trading
No Yes
Trade Signals
Yes Yes
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
No No
Account Currencies
  • INR
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • CHF
  • HKD
  • SGD
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered Trade CFDs on forex, indices, shares, precious metals, and energies.
Leverage
1:500
FTSE Spread
1 - 2.3 points
GBPUSD Spread<
0.0 - 1.5 pips
Oil Spread
Variable
Stocks Spread
Variable
Forex Trading
5paisa supports forex trading through futures and options on four major currencies paired with the Indian rupee. Trade with leverage on dozens of popular currencies.
GBPUSD Spread
N/A 0.0 - 1.5 pips
EURUSD Spread
N/A 0.0 - 1.2 pips
EURGBP Spread
N/A 0 - 1.4 pips
Assets
4 50+
Cryptocurrency
Crypto trading not offered Trade the most popular cryptocurrencies including Bitcoin and Ethereum.
Spread
Variable
Coins
  • BTC
  • ETH
  • LTC
  • XRP
  • BCH
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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