FXCM vs GO Markets

FXCM or GO Markets – which is better for UK traders 2024? Compare FXCM and GO Markets in this detailed breakdown of their platforms, features and fees.

FXCM vs GO Markets Comparison Table 2024

FXCM	GO Markets
4	3.9
FXCM is ranked #25 among CFD brokers.	GO Markets is ranked #21 among CFD brokers.
Review	Review
FXCM is a respected forex and CFD broker, established since 1999. The British-headquartered broker has won multiple awards and operates in various jurisdictions, including the UK and Australia. With zero commissions, over 400 assets, and a range of analysis tools, FXCM remains a popular choice for traders. The broker is also regulated by top-tier authorities including the FCA, ASIC, CySEC, FSCA, BaFin.	GO Markets is an established forex and CFD broker with multiple industry awards and accolades. The ECN/STP broker is popular with budding traders, offering competitive accounts in multiple base currencies and a range of flexible payment methods. With top-tier regulation from CySEC and ASIC, GO Markets is a trusted broker.
Pros
Alongside the 4 charting platforms, FXCM also offers a market-leading range of specialist software for experienced investors, including QuantConnect, AgenaTrader and Sierra Chart The proprietary Trading Station terminal is a good choice for traders looking for an all-in-one solution for their short-term and automated trading strategies Traders can utilize several top-tier trading tools including a market scanner, forex signals and third-party research site, eFXPlus FXCM’s global reputation is impressive, with licenses from the FCA, ASIC, CySEC and FSCA and a 20-year business history A range of funding methods are available including bank cards, Apply Pay and PayPal, with instant processing times The broker offers spread discounts and other excellent perks for experienced traders in the Active Trader account FXCM has expanded its range of trading opportunities with 24-hour stock CFDs through MetaTrader 4	Rebates on FX and metals for high-volume traders No inactivity fee Copy trading service High leverage up to 1:500 No commission with the Standard account 0.01 minimum lot size and zero spreads 24/5 award-winning customer service Trading signals and market insights MetaTrader 4 and MetaTrader 5 platforms Strong regulatory oversight, including CySEC Excellent third-party analysis tools from Autochartist and Trading Central Crypto deposits available in USDT Enhanced investment offering in 2024 with 1000+ new stock CFDs
Cons
Although FXCM continues to gear their services towards experienced traders, it’s a shame that there are no managed accounts on offer There is no choice of retail accounts for traders, nor any Cent/Micro account options The live chat support can be slow and unreliable compared to the top competitors	Multiple restricted countries including the US Only two account types $200 minimum deposit
Awards
	No. 1 For Educational Materials, 2019-2021 - Investment Trends Australia Leverage Trading Report No. 1 For Value for Money, Spreads, Trading Ideas & Strategies and Margin Requirements, 2021 - Investment Trends Australia Leverage Trading Report
FCA Regulated
Yes	No List of FCA Regulated Brokers
Instruments
Forex, Stock CFDs, Commodities CFDs, Crypto CFDs	CFDs, forex, indices, shares, energies, metals, cryptocurrencies
Demo Account
Yes	Yes
Minimum Deposit
$50	$200
Payment Methods
Apple Pay Credit Cards Debit Card Google Pay PayPal Wire Transfer	Credit Cards Debit Card Mastercard Neteller Skrill Visa Wire Transfer
Minimum Trade
Variable	0.01 Lots
Regulator
FCA, CySEC, ASIC, FSCA, BaFin, CIRO	ASIC, CySEC, FSC of Mauritius
Mobile Apps
iOS and Android	iOS & Android
iOS App Rating
Android App Rating
Margin Trading
Yes	Yes
MetaTrader 4
Yes	Yes
MetaTrader 5
No	Yes
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
Yes	No
Autochartist
No	Yes
eSignal
No	No
Trading Central
No	Yes
STP Account
No	Yes
ECN Account
No	Yes
DMA Account
No	No
MAM Account
Yes	Yes
PAMM Account
No	Yes
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
Yes	Yes
Market Maker
Yes	No
P2P Trading
No	No
Spot Trading
No	Yes
Auto Trading
	Yes
Copy Trading
Yes	Yes
Copy Trading Platform
FXCM offers social and copy trading on forex, CFDs and cryptos through the hugely popular ZuluTrade platform. The sign-up process is quick and you can track your performance in real-time.	GO Markets uses the Myfxbook AutoTrade platform to provide investors with the option to copy other traders. Learn from profitable traders with straightforward risk management tools.
Social Trading
Yes	Yes
Trade Signals
	Yes
VPS Hosting
No	Yes
Tournaments
No	No
Demo Competitions
Yes	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
	$0
Islamic Account
Yes	Yes
Account Currencies
USD EUR GBP AUD	USD EUR GBP CAD AUD NZD CHF HKD SGD
Commodities
Gold Oil Silver Cannabis	Gold Silver Oil Wheat
CFD
You can trade a range of CFD instruments across forex, shares, indices and commodities. There’s an excellent selection of platforms for traders, including TradingView and MT4, plus additional tools for experienced algo traders including API solutions.	Access highly leveraged CFDs across forex, commodities, indices, stocks and bonds with 24/5 customer support. Build a diverse portfolio with hundreds of CFD assets.
Leverage
1:400	1:500
FTSE Spread
1.18 pts var*	1 - 2.3 points
GBPUSD Spread<
0.5 pips*	0.0 - 1.5 pips
Oil Spread
0.05 (var)*	Variable
Stocks Spread
0.2% Var*	Variable
Forex
FXCM offers an average range of 40+ currency pairs, although there are no commissions and spreads are competitive from 0.78 pips for EUR/USD. The broker also offers 3 forex baskets covering USD, Yen and emerging markets benchmarks.	Speculate on popular currency pairs with flexible leverage up to 1:500 and zero-pip spreads in the GO Plus account. Commission-free trading is available with micro, mini and standard forex contract sizes.
Assets
40	50+
GBPUSD Spread
0.5 pips var*	0.0 - 1.5 pips
EURUSD Spread
0.2 pips var*	0.0 - 1.2 pips
EURGBP Spread
0.5 pips var*	0 - 1.4 pips
Currency Indices
JPY
Cryptocurrency
You can trade some of world's most popular digital coins with zero commission and leverage. FXCM also stands out for its crypto major basket which offers exposure to Bitcoin, Ethereum, Litecoin and Bitcoin Cash in one trade.	Take positions on leading cryptos including Bitcoin, Ethereum and Ripple. Competitive spreads are available with no hidden fees and a stable trading platform.
Spread
Variable	Variable
Coins
BTC ETH LTC BTC	BTC ETH LTC XRP BCH
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No
FXCM	GO Markets
Review	Review
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