GO Markets vs IG - Fees Review included
Which broker is better GO Markets or IG? Our expert assessment conducted according to TU’s own methodology showed that GO Markets is one of the top brokers in the financial market with the TU Overall Score of 4.6 out of 10. IG is one of the top brokers in the financial market with the TU Overall Score of 6.68 out of 10. Find out more about TU Overall Score.
| Feature | GO Markets | IG |
|---|---|---|
Overall |
1.7 |
4.4 |
1.2 |
4.7 |
|
1.8 |
4.7 |
|
1.9 |
5 |
|
Investment Instruments |
1.7 |
3.9 |
Platforms and Charting Tools |
1.8 |
4.7 |
Deposit and Withdrawal |
2 |
4.0 |
Research |
1.6 |
4.5 |
Education |
1.8 |
4.2 |
Support |
1.7 |
4.8 |
Bonuses |
1.6 |
3.4 |
GO Markets vs IG: Pros and Cons
GO Markets is an international investment company with several representative offices regulated by SyCES (Cyprus) and FSC (Mauritius). It specializes in CFD transactions on currency pairs, indices, commodities, and metals. It offers Standard and ECN accounts, MetaTrader 4 and MetaTrader 5 terminals, access to professional analytics, and free training webinars. The GO Markets parent company was founded in 2006 and is regulated by ASIC.
The Forex broker IG Markets is a structural subdivision of the IG Group corporation. Its securities are listed on the London Stock Exchange and are included in the FTSE 250 index. IG Markets is a UK registered company created in 1974, but since its inception, its representative offices have appeared in some other European countries. Since 2014, a retail line of brokerage services has been opened. The international division of the broker is registered in Bermuda and licensed by the Bermuda Monetary Authority
| GO Markets | IG | |
|---|---|---|
| Overall Pros | The parent company has been in operation for decades and its activities are under the control of several regulators. | reliability. IG Markets is part of the IG Group, founded in 1974. Its subsidiaries are also licensed by the British regulator FCA, the Monetary Authority of Singapore (MAS), and the American regulators CFTC, and NFA |
| The ability to trade with both classic and ECN accounts. | 16,000 trading instruments, investments in IPOs and exchange-traded funds | |
| Low deposit size on professional accounts. | relatively good spreads, from 0.6-1 pips depending on the type of instrument | |
| Free access to Trading Central analytics and MetaTrader Genesis tools. | customer support is 24/7 | |
| Low trading fees on all account types. | ||
| Low trading fees on all account types. | ||
| There are no limitations on trading strategies. | ||
| Free deposit and withdrawal of funds. | ||
| Overall Cons | Small maximum leverage of 1:30 on currency pairs. | high threshold of entry which discourages private novice traders |
| There are no cent accounts. | complicated and unpleasant verification procedure. There are cases of refusal to open an account due to unconfirmed or low income | |
| Low-quality support in online chat. | there are no products for passive investment, no bonus system is provided | |
| a limited set of options for depositing and withdrawing money, which is not very convenient for global Forex traders |
GO Markets vs IG: Safety and Regulation
| Regulated By: | GO Markets | IG |
|---|---|---|
US Regulation |
No |
Yes (CFTC, NFA) |
FCA (Great Britain) |
No |
Yes |
CySec (Cyprus, EU) |
No |
No |
ASIC (Australia) |
No |
No |
Other Regulators |
FSC |
BMA (Bermuda), MAS (Singapore) |
GO Markets vs IG: Trading Conditions
| Trading Conditions | GO Markets | IG |
|---|---|---|
Minimum Deposit |
100 |
$450 |
Trading Platforms |
MetaTrader 4, MetaTrader 5 |
MT4, IG Trading Platform, L2 dealer |
Max Leverage (Futures) |
1:5-1:30 |
1-200 |
Supported Markets |
CFD on 50 currency pairs, CFD on commodities, indices, and metals |
Forex, Crypto, commodities |
Trading assets |
330+ |
16000+ |
Trading Accounts |
Demo, Standard, GO Plus |
Demo, Standard |
Base Account Currencies |
EUR, USD, PLN, GBP, AUD, CAD, SGD, HKD, CHF, NZD, etc. |
USD |
GO Markets vs IG: Fees
Forex Trading Fees
| Fee | GO Markets | IG |
|---|---|---|
Standard Account EURUSD Average Spread |
1.1 pips |
0.6 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
Not supported |
Not supported |
ECN Account EUR Average Spread |
Not supported |
Not supported |
CFD Trading Fees
| Fee | GO Markets | IG |
|---|---|---|
CFD Trading Fee |
Floating spread |
Floating spread |
Non-Trading Fees
| Fee | GO Markets | IG |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
No |
No |
Inactivity Fee |
No |
$18 per month after 24 months of inactivity |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
GO Markets vs IG: Trading Assets
| Asset Name | GO Markets | IG |
|---|---|---|
Overall |
330+ |
16000+ |
Forex |
Yes (CFD) |
Yes |
Stocks |
Yes (CFD) |
No |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
No |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
No |
ETFs |
No |
Yes |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
GO Markets or IG: Investment Programs
| Asset Name | GO Markets | IG |
|---|---|---|
Copy Trading |
Yes |
No |
MAM/PAMM |
Yes |
No |
Managed Accounts |
No |
No |
Other |
Algorithmic trading |
Investing in IPOs |
Trading Platforms: IG or GO Markets
| GO Markets | IG | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
No |
cTrader |
No |
No |
Appropriate platform |
No |
IG Trading Platform |
Others |
No |
L2 dealer |
GO Markets vs IG: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | GO Markets | IG |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
No |
Crypto |
No |
No |
GO Markets vs IG: Research
| Research Type | GO Markets | IG |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
No |
No |
E-Mail Reports |
No |
No |
GO Markets vs IG: Education
| Education Type | GO Markets | IG |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
No |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
No |
No |
IG vs GO Markets: Support
| Support Features | GO Markets | IG |
|---|---|---|
Working Days |
24/5 |
24/7 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
No |
Yes |
Other |
feedback form |
No |
GO Markets vs IG: Forex Bonuses and Promo
| Promo | GO Markets | IG |
|---|---|---|
Forex Bonus |
No |
No |
Affiliate Program |
White Labels is an offer for companies to provide brokerage services under their brand, but using GO Markets technology and liquidity. |
"Invite a friend". The partner receives $100 for each attracted referral who must carry out 5 transactions of the corresponding volume (possibly, 5 lots are implied) within 6 months. |
Other Promos |
No |
|
Top 5 Reviews on IG
-
Comment
It’s a decent company, I do most of my trading here, but I have an account with another company. There are no particular complaints. If you know how to trade, I can confidently recommend IG Markets.
-
Comment
Personally, what attracts me the most is the access to options with a low deposit at IG Markets broker. However, everything comes with a price: commissions and premiums are higher compared to companies with higher margin requirements. By the way, with a minimum deposit of $200 for options, you won't get much leverage. So, to feel more comfortable, you need to deposit at least 10 times more money into your account.
-
Comment
I can briefly share my experience. Overall, if you don't dwell on withdrawal issues, everything is fine. I withdraw funds to my card or in USDT almost every month. Initially, I had doubts about IG Markets, but after several consistent withdrawals to my card, I started to trust them more. Although the profit is not that great because the amount constantly circulates in the balance: I deposit, trade, withdraw profit. But I enjoy the trading process itself, so I have no complaints about IG Markets broker.
-
Comment
I have recently explored IG Markets. My first impressions are positive. I had a lot of questions and contacted the support service. I was pleasantly surprised, since all questions were explained to me promptly and in full. Working is convenient, the IG Markets website is informative, and the platform has a lot of trading tools for every taste. In general, I am satisfied. I hope everything will be just as good.
-
Comment
I've known the broker IG Markets for several years. I started trading here when I had no experience with currency pairs. Over time, I gained experience and stopped losing my money. IG Markets is not my primary broker. I maintain a smaller deposit here compared to another company where the conditions are better. However, the first broker is the first broker, and I don't want to leave it.
Top 5 Reviews on GO Markets
-
Comment
I cannot leave a positive review about GO Markets. The company does not withdraw funds. More precisely, if you want to withdraw 1000 bucks, for example, they can withdraw you, well, if you request a withdrawal, for example, 5000, they will refuse you. Such a system in this office.
-
Comment
Verification in GO Markets is so long that there is no desire to trade here at all. They require a bunch of documents, scanned copies, etc. I couldn't check in for a whole week. In the end, I got tired of all this!
-
Comment
I am satisfied with the trading conditions in GO Markets. There are brokers that offer spreads “from zero pips” with a minimum deposit of 1000 USD. But somehow I have no desire to risk that kind of money and check whether everything is really so beautiful. Reviews can also be misleading, so I chose a reliable company that fulfills its obligations to customers, and I'm not going to leave. I work on ECN mainly on the pound with a spread of 0.2 and a commission of 6 AUD per trade. Those who have worked with different brokers will agree with me that this is a normal price for quality services. Last but not least, the withdrawal request is processed within a few hours.
-
Comment
I leave my feedback on GO Markets as a whole positive. This is the first and only company I trade with. Came here back in 2017. They offer a large number of tools, there is a choice, which is good. The rules are not violated. But with all this, I wish the broker to develop, it never hurts)
-
Comment
GO Markets is a good broker. I really liked that verification, opening an account, setting up the terminal take a minimum of time. I know that for many brokers it takes a very long time. Input - no problem, output, in principle, too, but I had to wait a couple of days. I would like it faster, but I was immediately warned. I checked the broker's honesty)
FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.