Go Markets vs FXCM Broker Comparison

Are you trying to figure out which is a better broker, Go Markets or FXCM? After rigorously testing both brokers and putting each through our accurate and extensive reviewing process, we have concluded that Go Markets is the better of the two. Go Markets offers 100+ instruments, licenses from CySec, ASIC, FSA(SVG), FSC, and fair trading fees.

In the tables below, you can compare the features of Go Markets and FXCM side by side, to work out which suits your trading needs best. You can also carry on reading to find out why our experts ranked Go Markets higher than FXCM.

Rating
97/100
96.5/100
Min. Deposit
200$
50 (depending on the payment method)$
Regulated By
CySecCySec
ASICASIC
FSA(SVG)FSA(SVG)
FSCFSC
FCAFCA
CySecCySec
FSCAFSCA
ASICASIC
Bonus
No Information
No Information
Min. Spread
1
1.3
Max. Leverage
1:500
1:400 (1:30 for AU, EU and UK clients)
Currency Pairs
50
39
Trading Instruments
100+
60+
Trading Platforms
MT4, MT5, WebTrader
MT4, mobile, Private
Deposit Methods
Bank Transfer, Debit cards, Credit Cards, Skrill
Bank transfer, Visa, Mastercard, Skrill, Netseller
Type of Brokers
Market Maker
Enhanced Execution
Customer Support
24/7
24/7
Language Support
1
8
Established
2005
1999
Used By
200,000+ Traders
100,000+ Traders

Does Go Markets or FXCM have lower trading costs and fees?

To compare the costs of trading at different brokers, our experts analyze both trading-specific fees, such as spreads, and non-trading fees, such as inactivity charges and payment costs.

To give an overall view of how cheap or expensive Go Markets and FXCM are, we first considered the common fees on Standard Accounts. At Go Markets the average spread for the EUR/USD currency pair is 1 pips, whilst at FXCM the spread is 1.3.

This shows that Go Markets is the better option for low-cost forex trading.

When it comes to non-trading fees, Go Markets charges for inactivity. FXCM charges for inactivity, withdrawal. With this in mind, Go Markets has lower non-trading fees.

When our experts analyzed the specific costs of both brokers, we found that FXCM is the better option.

Trading Fees*

*Based on Standard account type.

Non-Trading Fees

Which broker is safer, Go Markets or FXCM?

In order to decide how safe our top-rated brokers are, our experts look at a number of factors. This includes what licenses the broker holds and how reputable those licenses are. We also consider the history of the broker, as a long-standing broker is often more reliable and trustworthy than a newer one.

Go Markets is regulated by CySec, ASIC, FSA(SVG), FSC and does not offer client protection. FXCM is regulated by FCA, CySec, FSCA, ASIC and does not offer client protection.

Considering these two factors, and the general reputation and history of both brokers, we believe that FXCM is the safer broker.

Broker summary

How many trading instruments are available at Go Markets and FXCM?

Go Markets provides traders with 100+ instruments. This includes 50 currency pairs, 3 cryptocurrencies, and 0 stocks and shares. With Go Markets, you can also trade CFDs.

In comparison, FXCM boasts 60+ tradable instruments. FXCM offers 39 currency pairs, 7 cryptocurrencies, and 100+ stocks and shares. FXCM also allows CFD trading.

As both brokers offer the same total number of instruments, both are great choice if you are wishing to diversify your trading portfolio.

Markets and Products

Which broker offers the best trading platform, Go Markets or FXCM?

When our experts review a broker, they open their own accounts and place trades via the broker’s trading platform. This allows them to fully evaluate the quality of the platform, how easy it is to use and what features it offers.

Go Markets provides you with the ability to trade via 3 trading platforms, and FXCM has 3 trading platforms, too. Both brokers also offer research and trading tools, however FXCM has more.

Overall, our experts agree that Go Markets boasts the better trading platform offering.

Research Tools

Which is better for beginners, Go Markets or FXCM?

To decide how well-suited a broker is for beginner traders, our experts look at what educational materials are available, how accessible the minimum deposit limits are, the range of account types and whether or not you can practice trading with a demo account first.

Considering this, our reviews show that FXCM is the better broker for beginner traders as it offers a larger range of educational tools and materials. FXCM also has a minimum deposit of $.

Educational Features

Which broker is better overall?

Overall, our tested reviewing methodology proves that Go Markets is the better broker in a range of key areas. You can learn more by reading our Go Markets and FXCM reviews.

Go Markets vs FXCM
Go Markets
97
Points
FXCM
96.5
Points
Overall
1 points
Go Markets
95
Points
FXCM
96
Points
Commissions & Fees
1 points
Go Markets
90
Points
FXCM
97
Points
Licensing & Safety
7 points
Go Markets
97
Points
FXCM
99
Points
Trading Platforms & Tools
2 points
Go Markets
95
Points
FXCM
94
Points
Payments
1 points
Go Markets
99
Points
FXCM
95
Points
Customer Service
4 points
Go Markets
97
Points
FXCM
98
Points
Educational
1 points
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