GO Markets vs GoFX

GO Markets vs GoFX Comparison Table 2024
GO Markets GoFX
3.9
3.4
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

GO Markets is an established forex and CFD broker with multiple industry awards and accolades. The ECN/STP broker is popular with budding traders, offering competitive accounts in multiple base currencies and a range of flexible payment methods. With top-tier regulation from CySEC and ASIC, GO Markets is a trusted broker.

GoFX is an unregulated CFD and forex broker that covers instruments from currency, stock, index, commodity and crypto markets. Traders can sign up to a variety of account types with deposits as low as $1 and will trade using the popular MetaTrader 4 platform. Exceptionally high leverage up to 1:3000 is offered on the standard account, while traders with the low-spread account can access leverage up to 1:1000.

Bonus Offer
30% cash rebate $50 No Deposit Bonus
Comment by Reviewer
"GO Markets is an excellent choice for active traders with access to powerful trading tools and tight spreads from 0.0 pips. Beginners can also take advantage of the broker's copy trading tool, free demo account and education center." "GoFX provides CFDs with good trading terms on a decent range of markets. It will appeal especially to traders from its native Thailand or international traders with a high-risk-high-reward trading style who seek heavily leveraged trading."
Pros
  • Rebates on FX and metals for high-volume traders
  • No inactivity fee
  • Copy trading service
  • High leverage up to 1:500
  • No commission with the Standard account
  • 0.01 minimum lot size and zero spreads
  • 24/5 award-winning customer service
  • Trading signals and market insights
  • MetaTrader 4 and MetaTrader 5 platforms
  • Strong regulatory oversight, including CySEC
  • Excellent third-party analysis tools from Autochartist and Trading Central
  • Crypto deposits available in USDT
  • Multi-asset trading
  • 24/7 customer service
  • Demo account with easy sign-up
  • Very high leverage up to 1:3000
  • Micro lot trading for those on a budget
  • Bonus incentives and loyalty program
  • MetaTrader 4 platform and mobile app
  • Low minimum deposit of just $1
Cons
  • Multiple restricted countries including the US
  • Only two account types
  • $200 minimum deposit
  • No additional tools or trading features
  • No proprietary trading platform or mobile app
  • Weak regulatory oversight
  • No copy trading
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
  • Fastest Growing Broker 2021 - Forex Awards
Instruments
CFDs, forex, indices, shares, energies, metals, cryptocurrencies Forex, Cryptos, CFDs on Stocks, Indices & Commodities
Demo Account
Yes Yes
Minimum Deposit
$200 $1
Trading Platforms
  • MT4
  • MT5
  • AutoChartist
  • TradingCentral
  • MT4
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
ASIC, CySEC, FSC of Mauritius FSA
Margin Trading
Yes Yes
STP Account
Yes No
ECN Account
Yes No
DMA Account
No No
MAM Account
Yes No
PAMM Account
Yes No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes No
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
iOS & Android iOS & Android
Auto Trading
Yes Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes No
Copy Trading Platform
GO Markets uses the Myfxbook AutoTrade platform to provide investors with the option to copy other traders. Learn from profitable traders with straightforward risk management tools.
Social Trading
Yes No
Trade Signals
Yes Yes (via MT4)
VPS Hosting
Yes No
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
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • CHF
  • HKD
  • SGD
  • USD
Stock Exchanges
Commodities
CFD Trading
Access highly leveraged CFDs across forex, commodities, indices, stocks and bonds with 24/5 customer support. Build a diverse portfolio with hundreds of CFD assets. Trade CFDs on forex, indices, stocks, commodities and cryptocurrencies with leverage up to 1:3000. Swap-free trading is available, and all account types trade with competitive spreads and are commission-free except the Go Pro account, which charges a $7 round-turn commission.
Leverage
1:500 1:3000
FTSE Spread
1 - 2.3 points 0.01
GBPUSD Spread
0.0 - 1.5 pips 0.00001
Oil Spread
Variable 0.01
Stocks Spread
Variable Variable
Forex Trading
Speculate on popular currency pairs with flexible leverage up to 1:500 and zero-pip spreads in the GO Plus account. Commission-free trading is available with micro, mini and standard forex contract sizes. Trade a small selection of 25 major and minor pairs. Spreads from zero on the pro account, micro-lot trading, and very high leverage make up for the limited range of currencies. The MetaTrader software is also a well-regarded platform for forex trading.
GBPUSD Spread
0.0 - 1.5 pips 0.00001
EURUSD Spread
0.0 - 1.2 pips 0.00001
EURGBP Spread
0 - 1.4 pips 0.00001
Assets
50+ 28
Cryptocurrency
Take positions on leading cryptos including Bitcoin, Ethereum and Ripple. Competitive spreads are available with no hidden fees and a stable trading platform. Trade tight-spread CFDs on BTC, LTC, ETH, DOGE, ADA and XRP paired with USD. This may be too small a range to satisfy many crypto traders, but it is a comparable offering to similar brokers.
Spread
Variable 0.0001
Coins
  • BTC
  • ETH
  • LTC
  • XRP
  • BCH
  • BTC
  • ADA
  • ETH
  • LTC
  • DOG
  • XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
More Comparisons
GO Markets
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