FP Markets vs GOMarkets: Which One is Better for You?


FP Markets vs GOMarkets, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between FP Markets vs GOMarkets, here is the direct comparison:

Feature
Go to FP Markets

Go to GOMarkets

Rating

General Rating 4.52/5
4.12/5
Trustpilot 4.8/5

rated by 1 users
4.6/5

rated by 36 users

General Information

Office(s) Australia Australia and Netherlands
Regulation ASIC 286354
CySEC, 371/18
ASIC, ACN081864039
CySEC 322/17
DMCC (Dubai), 18.07.2020
Established 2005 2008
Minimum Deposit $100 $200
Maximum Leverage 1:500 1:500
Spread Variable Variable
Commissions $3 $3
Minimum Position 0.01 lot 0.001 lot
Payment Bitcoin, Credit/debit cards, Dragonpay, Ethereum, FasaPay, Local bank transfer, Neteller, Ripple, Skrill, Tether (USDT) and Wire transfer BPAY, Credit/debit cards, FasaPay, Neteller, PayPal, Skrill and Wire transfer
Official Website Visit FP Markets Visit GOMarkets

Account Variations

Segregated Account
Islamic Account
PAMM Account
Managed Account
LAMM Account
MAM Account
Forex Demo Account

Trading Requirements

Hedging
US traders are welcome
Requires sending documents via postal mail
Overnight interest rates (swaps)
Trading by telephone

Trading Features

Trading contests
Automated trading
Interest rate on funds
Bonus offers
Free education
Personal manager
Affiliate program

Trading Platforms and Complements

Mobile trading
Browser-based platform
Trading via API
One-click trading
Trailing stop
Pending orders
One-Cancels-Other (OCO) orders

Instruments Traded

Forex
CFD
Indexes
Spread betting
Gold & silver
Cryptocurrencies
Stocks
Binary options
Oil
Metals
Energies
Futures
ETF
Soft commodities
Options
Agriculture
Bonds

Customer Support

Website Languages Chinese, English, French, Indonesian, Italian, Malay, Portuguese, Russian, Spanish, Vietnamese Chinese, English
Email Support
Call Support
Chat Support

Reviews

General Review Read FP Markets Review Read GOMarkets Review
User Reviews - -

Start Trading

Open Real Account Open FP Markets Real Account Open GOMarkets Real Account




Which one has the better spread?

Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.

However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, FP Markets provides their pricing with Variable while GOMarkets offers Variable.



FP Markets vs GOMarkets: Who hosts the best trading platform?

The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.

To support their clients, FP Markets enables trading with MetaTrader 4, MetaTrader 5. The offer is supported with Mobile trading, One-click trading, Trailing stop, Pending orders. In comparison, GOMarkets provides trading with MetaTrader 4 (Limited with 30 days), MetaTrader 5 (Limited with 30 days) with the support of Mobile trading, One-click trading, Trailing stop, Pending orders.



Is FP Markets or GOMarkets better in providing the trading instruments?

It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.

In this case, FP Markets supports trading with Forex, Indexes, Metals, while GOMarkets presents the ability of trading with Forex, Gold & silver, Cryptocurrencies.

In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.

Looking for more references? Here are other comparisons related to FP Markets and GOMarkets:

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