This article will review the comparison between FP Markets and Go Markets to guide traders in selecting the best broker for the year 2025.
Both are popular for their strong regulation, low spreads, and high-end platforms, and I plan to explore their main characteristics, strengths and weaknesses, trading conditions, and overall performance to streamline your decision-making process.
What is FP Markets?
Founded in 2005, FP Markets is an Australian Forex and CFDs broker recognized internationally. FP Markets is based in Sydney and the Australian Securities and Investments Commission and the Cyprus Securities and Exchange Commission regulate it, which ensures an adequate level of transparency and security of clients’ funds.
FP Markets offers more than 10,000 instruments in the form of Forex, Index, Commodities, Shares, Bonds, and Cryptocurrencies. These instruments can be traded on more advanced platforms like MetaTrade 4, MetaTrade 5, and cTrader. FP Markets offers one of the most competitive pricing in the market which is most preferred by scalpers.
They also provide educational services and market analysis, and their customer support is 24/7. In addition, FP Markets includes fund segregation, balance negative protection, and security on payment methods to their clients, confirming their dedication to their clients’ protection. Offering advanced trading systems along with transparency and competitive pricing makes FP Markets one of the top brokers in the industry.
What is Go Markets?
GO Markets is a reliable Australia-based Forex & CFD Brokers which has been operational since 2006. It was one of the first brokers offering Meta Trader 4 (MT4) trading in Australia. Based in Melbourne Australia, GO Markets is regulated by the Australian Securities and investment Commission and the Cyprus Securities and Exchange Commission.
This ensures compliance with the global provision of finance and client protection GO Markets offers trading in a wide range of instruments including forex, commodities, equities, indices and crypto, which serves the needs of novices and experienced traders.
The trading conditions at GO Markets are also highly flexible and efficient with competitive ECN execution, 0.0 pips and spread and 1:500 leverage. The GO Markets trading platforms which include MT4, MT5 and GO WebTrader also host a variety of sophisticated trading tools, automated trading features and real time trading analytics.
The GO Markets educational offering is also comprehensive including automated trading courses, webinars and daily market analysis. This is in addition to the sophisticated tools provided. GO Markets also boasts of responsive customer service with 24/5 support via email, live chat and phone.
GO Markets prioritizes the security of funds by offering segregated client accounts, as well as implementing SSL encryption to safeguard information and transactions. To summarize, GO Markets earned trust from global forex and CFD traders due to its appreciated reliable regulations, transparent pricing, and trader-friendly attributes. Features integrated are to ensure trust and respect earned.
FP Markets vs Go Markets Key Comparison
| Feature | FP Markets | GO Markets |
|---|---|---|
| Spread & Fee Structure | Offers two main account types: “Standard” (no commission, wider spreads) and “Raw/ECN” (commission + tighter spreads). For example, on EUR/USD the Standard account spreads average ~1.1 pips, Raw account spreads from ~0.0–0.1 pips plus approx. US$3 per side. | Also has similar structure: Standard account (no/low commission, moderate spreads) and “GO Plus+ / Raw” account (tight spreads + commission). On forex pairs, Raw spreads can be from 0.0 pips; for Standard account some average around 0.8–1.0 pips for major pairs. |
| Account Types & Minimum Deposit / Leverage | Wide range of account types including Standard and Raw via MT4/MT5/cTrader. Leverage varies by region/regulation; globally they claim high flexibility. | Two main tiers (Standard & GO Plus+). Leverage up to 1:500 for some entities (subject to regulatory regime). |
| Platforms & Instruments | Supports MT4, MT5, cTrader, and IRESS (for advanced traders). Offers >10,000 tradeable instruments (forex, CFDs, shares, indices, commodities, crypto) under various platforms. | Supports MT4, MT5, cTrader; offers currencies, commodities, indices, share CFDs and crypto (depending on entity). Over 600+ instruments in major asset classes. |
| Regulation & Safety | Regulated in Australia (ASIC) plus other jurisdictions; client funds are segregated; offers transparency around spreads/fees. | Regulated by ASIC (Australia), CySEC (Cyprus) and other jurisdictions depending on entity; client funds segregated; stated commitment to security. |
| Strengths | Very competitive for raw/ECN type trading (tight spreads + good platform suite). No inactivity fee in many cases. | Strong in spread/fee competitiveness (especially GO Plus+), wide platform support, educational resources, multi-entity global reach. |
| Weaknesses | Standard account spreads wider than some peers; mobile app trading tools considered less advanced by some reviews. | For some traders, research depth and proprietary tools may lag larger brokers; similarly, specifics depend on the regulatory entity used. |
Which has the better spread?
Go Markets
- For major pairs like EUR/USD and AUD/USD, spreads on their GO Plus+ account start from 0.0 pips.
- GO Plus+ account average spreads can be extremely low, for instance, EUR/USD average is about 0.1 pips.
- Even on their Standard account (no commission) which is also competitive, their spreads start from ~0.8 pips for major pairs.
FP Markets
- Under ideal circumstances, for their “Raw” ECN style account, spreads can go as low as 0.0 pips.
- For their commission-free Standard account, typical average spreads for EUR/USD is about ~1.18 pips.
Deposit & Withdrawals
FP Markets
Deposit Options
• FP Markets offers numerous ways to fund your account which include credit and debit cards (Visa and MasterCard, as well as UnionPay in select regions), domestic and international bank wires, Neteller and Skrill e-wallets, as well as regional and local payments (PayTrust88 and FasaPay), and in some regions, even crypto payments.
• Processing times for deposits: Card payments and e-wallets generally provide instant access (especially for MT4/5 accounts) as bank wires can take between 1 to 3 business days.
• In terms of fees, FP Markets does not charge deposit fees. In certain jurisdictions, they even cover overseas wire bank charges for deposits over USD 10,000.
• Important policy: Deposits from accounts that do not match the name of the trading account are considered third-party payments and are not accepted.
Withdrawal Options
• The methods for withdrawals are the same as deposits. You can withdraw via credit and debit cards, domestic and overseas wire bank transfers, and e-wallets (Neteller and Skrill).
• Processing times: For e-wallets, withdrawals are available in 1 business day. Bank wires, depending on the bank and jurisdiction, can take 1 business day (domestic) and between 5 to 10 business days (international).
Withdrawals via debit and credit cards take between 2 to 10 business days to process.
• Fees: FP Markets does not charge fees for most withdrawal methods (card, domestic wire), however, fees apply to some methods such as: Neteller 1% up to USD 30 per USD 45,000 transaction; Skrill 1% + country fees, and AUD 10 international bank wires for some markets.
• Conditions: For amounts up to the deposited amount, the funds must be returned using the same method (closed-loop). For profits that exceed the deposited amount, other methods are available. The broker also needs verification of the source of funds.
GO Markets
Deposit Options
• For deposits, GO Markets accepts credit/debit cards (Visa/MasterCard), bank/wire transfers, e-wallets via Skrill and Neteller, and other regional payment gateways depending on the country.
• Processing times: Depending on the payment method, most deposits are instant (cards, e-wallets). Bank transfers take 1 to 3 business days.
• Fees: For deposits made with Visa/MasterCard, Skrill, Neteller, and bank transfer, GO Markets does not charge internal fees.
• Conditions: The trading account name must match the deposit account, as third-party payments are prohibited.
Withdrawal Options
• Withdrawal methods: Depending on the region, credit/debit cards, bank wire transfers, and e-wallets (Skrill, Neteller).
• Processing times: Requests for withdrawals made before the cut-off time (e.g., 1 pm AEST) are handled on the same day. Local bank transfers take 1-2 business days. International transfers take 3-5 business days. Some currencies (THB, IDR, VND, MYR) have instant withdrawal features.
• Fees: GO Markets does not charge internal withdrawal fees, however, clients might pay fees from third-party banks.
• Conditions: Withdrawals are made to the original source you used to fund the account. For example, if you deposit via card, you will first withdraw to your card, only up to the deposit amount and then the bank account for the profits. Closed-loop deposit/withdrawal applies.
Customer Support
FP Markets: customer support is noticeable thorough and available through a multitude of avenues: live chat, phone, and email, and importantly, is offered globally and in several languages (including, but not limited to, English, Arabic, German, Chinese, and Spanish).
Live chat operates 24/5 (Monday through Friday) and is immediate, phone support is offered to various regions, and email replies are offered within a couple of hours. In their website support section, a knowledge base and FAQs are offered to assist in the self-service of issues.
Most customer service reviews describe their support as prompt, knowledgeable and multilingual, and, customer support trained staff being able to supervise a support desk.
GO Markets: customer support is just as comprehensive, with the addition of social media, and a remote support feature.. Customer support is available 24/5 (Monday to Friday) and in several languages (including English, Thai, Portuguese, Spanish, and Indonesian).
The “QuickSupport” feature is a service standout, allowing remote assistance through TeamViewer with screen share and control for troubleshooting major platform issues and technical problems with the brokerage.
Pros & Cons
Pros & Cons FP Markets
Pros:
- Regarded by apex tier authorities and hence professionally credible.
- Very low spreads particularly on ECN and raw accounts, from roughly 0.0 spreads.
- A good variety of trading instruments to choose from.
- A good variety of trading instruments to choose from.
- Superior trading and network infrastructure greatly facilitates stretching trading strategies and fast order execution.
Cons:
- Minimally funded accounts are higher than some ultra low entry brokers. (Brokersway)
- Investments in education and research materials fall within the standard, less than some recognized peers.
- International withdrawal systems, like banks and cards, of funds to third parties are slow.
- Advanced users might be disappointed by the absence of a proprietary terminal.
Pros & Cons GO Markets
Pros:
- Safety and regulatory oversight extended by multiple jurisdictions.
- Very low trading costs particularly on the Plus and Raw accounts (spreads start at 0.0 pips) which support increased trading frequency.
- The educational course suite, especially for beginners to early intermediates, is a powerful resource of considerable worth.
- No inactivity fees in most areas and straightforward deposit/withdrawal policy.
Cons:
- Minimum deposit can be higher or less favorable for absolute beginners (e.g., $200 USD for many regions) — an entry barrier.
- No proprietary trading platform — only third-party platforms. This may lack some customization for advanced users.
- Some product categories (e.g., certain commodities, indices) may have less depth compared to larger brokers.
- For non-EU clients, investor protection may be weaker depending on regional entity.
Conclusion
In the case of FP Markets vs Go Markets, both have excellent trading environments, having acquired strong regulation, competitive spreads, and advanced trading platforms.
FP Markets has ultra-tight ECN spreads, a wider range of instruments, and ultra-fast execution, ideal for professionals and high-volume traders. Go Markets is a step easier, with clear pricing, good educational material, and flexible account types, catering to both novices and seasoned traders.
To sum up, FP Markets is for those on the hunt for raw spreads and deep liquidity, and Go Markets is for traders who appreciate simplicity and convenience along with learning support and a streamlined trading experience. Your choice will rely on your trading style, so both are dependable.
FAQ
What is the minimum deposit?
For FP Markets the minimum deposit is listed at about USD 50 in some sources.
Does FP Markets limit any trading strategies?
They state that all types of trading strategies are allowed — as long as they comply with the user agreement.
Which platforms are available?
FP Markets supports major platforms including MT4, MT5 (and in some regions other options) — for desktops, web and mobile.
What about deposits & withdrawals for Indian clients?
For Indian-based clients: Methods such as UPI, NEFT, RTGS, credit cards are supported; card/e-wallet deposits are often instant; bank transfers may take up to 2-4 hours (per local claim).m
