Plus500 vs GOMarkets: Which One is Better for You?

Plus500 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 Plus500 vs GOMarkets, here is the direct comparison:

Go to Plus500

Go to GOMarkets


General Rating 3.96/5
Trustpilot 3.8/5

rated by 1 users

rated by 37 users

General Information

Office(s) Australia, Cyprus, Singapore, South Africa and United Kingdom Australia and Netherlands
Regulation ASIC 417727
CySEC, 250/14
FCA (UK), 509909
FSCA (South Africa), 47546
ISA (Israel), 5
Monetary Authority of Singapore, 2017-12-11
ASIC, ACN081864039
CySEC 322/17
DMCC (Dubai), 18.07.2020
Established 2008 2008
Minimum Deposit $100 $200
Maximum Leverage 1:300 1:500
Spread Fixed Variable
Commissions $3
Minimum Position 0.005 lot 0.001 lot
Payment BPAY, Credit/debit cards, giropay, iDEAL, PayPal, Przelewy24, Skrill, SOFORT and Wire transfer BPAY, Credit/debit cards, FasaPay, Neteller, PayPal, Skrill and Wire transfer
Official Website Visit Plus500 Visit GOMarkets

Account Variations

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

Trading Requirements

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

Spread betting
Gold & silver
Binary options
Soft commodities

Customer Support

Website Languages Arabic, Bulgarian, Chinese, Croatian, Czech, Danish, Dutch, English, Estonian, Finnish, French, German, Greek, Hebrew, Hungarian, Icelandic, Italian, Japanese, Korean, Latvian/Lettish, Lithuanian, Mal Chinese, English
Email Support
Call Support
Chat Support


General Review Read Plus500 Review Read GOMarkets Review
User Reviews

Bob T

Sep 3 2020

I might be using it wrong, but I have a problem with securities available after some time. It’s really easy in the beginning tho.

Heather W

Sep 16 2020

Plus500 don't like it if their trader makes a lot of money. So they restricted some accounts without notice. What a coward.

Moammar K

Sep 2 2020

Some people have said that they have a great platform and that's true. But their system will log out after 10 minutes and it's annoying. I can't leave my computer and need to click anything to keep the system active.

Adrian Wallee

Sep 3 2020

Don't fall for anything about this broker. Many traders lost everything to Plus500. They even got a chargeback for their funds' recovery.

Sissy Molly

Sep 14 2020

Plus500 have a great platform, but the only thing I hate is their SPREADS. There must be a better way to rip off yout clients money. I don't want to give you any idea.

Jane Houston

Aug 24 2020

Really simple and clear. But the choice for crypto is very limited that's the only thing I don't like about Plus500.

Akira Hasan

Sep 1 2020

Plus500 is the biggest scam ever!!!!!! It made you lost all of your money. Be careful everyone! Read before trading.

Julian Sernon

Sep 24 2020

There's no problem actually with their deposit process, but need a few days to make a withdrawal process to do.

Ronan Keyton

Sep 20 2020

They have a simple program. As a newbie in the trading world, I really like it. Good job.

Thomas Jilliard

Sep 12 2020

Use Plus500 as my 1st broker because it's cheap. But as soon as I want to develop my trading sich as analysis, news, fundamentals, etc, don’t know why they are so limited. Only a good thing at the start but not for long term trading.

Peter Wayne

Sep 1 2020

One of the logical reasons why you should avoid Plus500 is their dynamic spreads and the method used for the pricing of instruments. It clearly a scam and that's why more than 80% of their clients lose their money. There are still many good brokers out there. Do your research before joining.

Mawar June

Sep 3 2020

Plus500 set their margin level too high. Once messed up, you'll lose a big amount of money. I heard that you got a frozen screen too when you make a big money with your open position since you can't exit the markets.

Nathan Joseph

Sep 16 2020

For almost 4 weeks they prevent me to withdraw my money, they kept getting excuses, no response, or email. They have extremely bad customer response. There is no problem with their demo account tho, but once you open a live account, your funds will loose with them.


Sep 4 2020

I learn many things from their demo account. I made plenty of money with them. Very smooth process of signing up. They made withdrawal system very simple. Nice job Plus500!

Daniel Mainheart

Sep 13 2020

Well, it's unfortunate that this broker might get bigger but right now they need to reform their business style. Their job is pretty bad right now.

Paxton Walters

Sep 3 2020

I read that they restricted clients account said that clients breached user agreement for Hedging. I mean, they could have warned the client first if they done something wrong.

Natalia Scezkova

Sep 3 2020

Not interested with their system. They have high margin but with low average. Their easy process with deposit and withdrawal account won't add anything to their bad system.

Perry Walker

Sep 18 2020

For my 1st experience with broker, Plus500 have a very simple system. But I'm not gonna lie that there are many other choices for another good broker.

Mia Quincy

Sep 3 2020

This broker has low leverage and high margin. Overall deposit, withdrawal, account opening was smooth and easy.

Yamada Sato

Sep 3 2020

Beware, please do not make mistakes by trusting your money with this company. Have several bad encounter for trading with this broker. Not pleasant experience. Before you loose all your money, please beware.


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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, Plus500 provides their pricing with Fixed while GOMarkets offers Variable.

Plus500 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, Plus500 enables trading with Plus500 Windows Trader, Plus500 WebTrader. The offer is supported with Browser-based platform, 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 Plus500 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, Plus500 supports trading with Forex, Gold & silver, CFD, Oil, Stocks, Options, Indexes, Metals, Energies, ETF, Spread betting, Cryptocurrencies, 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.

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