FBS vs Go Markets | Compare Pros, Cons and More (2023)

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FBS and Go Markets are Forex and CFD brokers offering online trading services to traders and investors worldwide. Both brokers are regulated by top-tier regulatory authorities. FBS is regulated by two tier-1 jurisdictions and one tier-4 jurisdictions, including ASIC , FSC , CySEC. On the other hand, Go Markets is regulated by two tier-1 jurisdictions, one tier-2 jurisdictions and two tier-2 jurisdictions including  ASIC, CySEC, DMCC,FSC Mauritius, SVGFSA. These two brokers offer almost similar services. However, each broker has its own strengths and weaknesses.

In this article, we will compare FBS with Go Markets regarding trading platforms, regulations, tradable assets, fees, customer support, and overall trading experience score. We will also explore if FBS is better than Go Markets and vice versa. This comparison lets you understand which broker is better for your trading style and preferences.

FBS vs Go Markets: In a Nutshell

FBS

Established in 2009, FBS is one of the leading forex and CFD brokers, offering online trading services worldwide. It is a global brand with headquarters in Belize and regional offices in Cyprus and the Marshall Islands. FBS provides opportunities for trading forex, stocks, metals, energies, and indices. It has about 17 million clients and over 60 prestigious awards for excellent services. FBS.eu offers low spreads and split-second executions without requotes. FBS is one of the highest leverage forex brokers, with leverage up to 1:3000 for its global clients. 

FBS Overview

FBS Overview
  • Founded In: 2009
  • Founder:  Satthakarn Chuenkomol
  • Headquarters: Belize City, Belize
  • Minimum Deposit: $5
  • Maximum Leverage: 1:3000
  • Regulations: ASIC, FSC, CySEC  
  • Trading platform: MT4, MT5, Webtrader
  • Account Types: Standard, Cent, Pro
  • Payment Options: VISA, MasterCard, Local Exchangers, Neteller, PerfectMoney, Skrill, SticPay
  • US Traders: Not Accepted

Go Markets

Established in 2006 in Melbourne, Australia, Go Markets is a forex and CFD broker that offers online trading services globally. It gives traders access to trade more than 1,000 forex and CFDs on its MT4, MT5, and cTrader platforms. The broker’s GO Plus+ account comes with raw spreads and low commissions which is great for pro traders. Autochartist, Trading Central, free VPS, MetaTrader Genesis, market news, and analysis are provided. To learn more, you can read our review about Go Markets.

Go Markets Overview

Go Markets Overview
  • Founded In: 2006
  • Founder: Chris Gore
  • Headquarters: Melbourne, Australia
  • Minimum Deposit: $200
  • Maximum Leverage: 500:1
  • Regulations: FSC, Asic, CySEC, DMCC
  • Trading platform: MT4, MT5, Ctrader , Webtrader ,Mobile Trading Platforms
  • Account Types: Standard, Go Plus Account
  • Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, BPAY, FasaPay, Neteller, PayTrust88, Poli, Skrill, XPAY
  • US Traders: Not Accept

Go Markets

  • Trading Instruments: 1000+ trading instruments including  Forex, Commodities, Metals, Indices, Shares, Cryptocurrencies, Treasuries, ETFs
  • Maximum Leverage: The maximum leverage of Go Markets is as high as 500:1. However, leverage may vary based on jurisdiction and tradable assets. For example, the maximum leverage of Asic and Cysec jurisdiction is 30:1 
  • Account Type: Two ( Go Plus Account, Standard Account 
  • Minimum Deposit: The minimum deposit is $200
  • Trading Fees: Spreads start from 0.8 pips on standard account or $2.50 commission per lot per side. 
  • PAMM/ MAM:  PAMM is available
  • Scalping: Allowed 
  • News Trading: Allowed
  • EA/ Robot Trading: Allowed

FBS vs Go Markets: Pros and Cons

FBS

Pros
  • Regulated by the CySEC, ASIC, FSCA South Africa, and FSC Belize.
  • The Maximum Leverage is as high as 1:3000
  • The Minimum deposit is $5 
  • Trading is on the MT4, MT5, and FBS trader platforms.
  • There is an account type to suit newbies, experienced, and pro traders.
  • Low spreads, high leverage, and fast order executions
  • Easy and fast account opening
  • Forex Guidebook, Forex Intensive, trading ideas, webinars, and other training resources are provided.
Cons
  • Tradable assets are not much, especially when compared to other top brokers.
  • Daily Market news and analysis on FBS.eu are not regularly updated.
  • No premium trading tools to assist traders.
  • No investor protection for non-EU Clients 
  • Managed Accounts & Social Trading is unavailable 
  • Few Account Base Currencies

Go Markets

Pros
  • Regulated by  ASIC, CySEC, FSC Mauritius, SVGFSA, FSA-S, DMCC 
  • The maximum leverage is as high as 1:500
  • Allows Scalping, News trading, and EA/Robot trading. 
  • Easy and Fast Account Opening 
  • Offers web trading, mobile trading, ECN trading 
  • No inactivity Fees 
  • Low trading fees on all account types.
  • Tight Spreads starting from 0.0 pips
Cons
  • Not regulated by FCA UK
  • The Minimum deposit is $200
  • No investor protection for non-EU clients
  • No Paypal, Crypto Deposit 
  • Only two types of account ( Standard, Go Plus account)

FBS vs Go Markets: Side-by-Side Comparison

FBS
Go Markets
Product
Product
FBS
Go Markets
Founded In
Founded In
2009
2006
Founded By
Founded By
Satthakarn Chuenkomol
Chris Gore
Headquarters
Headquarters
Belize city, Belize
Melbourne, Australia
Regulations
Regulations
FSC, Cysec, ASIC
FSC
Min Deposit
Min Deposit
5$ ($5 for global Clients, $10 for EU Clients)
$200
Max Leverage
Max Leverage
1:3000
500:1
Tradable Assets
Tradable Assets
Forex, stocks, indices, metals, and energies.
Forex, Commodity, Share, Index, Metal, Cryptocurrency, Treasury, ETF CFDs Trading
Fees
Fees
Spread from 0.7 pips
Spread from 0.8 pips, commissions $2.50/round lot
Platforms and Tools
Platforms and Tools
MT4, MT5, Webtrader, Meta Tader Multiterminal, VPS, Economic Calendar
MT4, MT5, Ctrader , Webtrader ,Mobile Trading Platforms
US Traders
US Traders
Not Allowed
Not Allowed

FBS Vs Go Markets: Our Scores and Ratings

We rated both brokers, FBS and Go Markets, on a scale of 1 to 10, with 0.1 increments. To achieve a comprehensive rating, we broadly grouped all services offered by brokers into 6 macro categories and assigned percentage weights to them. Each macro category is subdivided into several data points which contributes to the total score of 1.0-10.0 assigned to each macro category. Since all categories are not equally important, our weight percentage plays a significant role in assessing the broker accurately. For example, Regulation and Security contributes a total weight of 40% to the whole ratings because this is the most important rating category. To learn more, read our methodology.

FBS :

8.8
Total Score
Regulation and Security (40%)9.6
Fees and Commissions (20%)9.4
Trading (15%)8
Trading tools (10%)5
Customer Support (10%)9.5
Trading Education (5%)9.5

Go Markets

9
Total Score
Regulation and Security (40%)9.4
Fees and Commissions (20%)9.5
Trading (15%)9
Trading tools (10%)9
Customer Support (10%)9
Trading Education (5%)9

FBS vs Go Markets: Which One is better?

Now the question comes: is FBS better than Go Markets, or vice versa? The answer depends on traders’ and investors’ trading styles and preferences. Both FBS and Go Markets offer similar trading services worldwide. However, there are differences in their features,  regulations, reputation, and operations. Here are the key facts about both brokers. By reviewing these options, you can clearly understand which broker is right for your trading goals

FBS :

  • FBS is a Forex and CFD broker regulated by ASIC, CySEC, and FSC in Belize
  • The minimum deposit is $5 (Global), €10 (or equivalent in $) for EU cent accounts, €100 (or equivalent in $) for EU Standard account 
  • Maximum leverage 1:3000 (Global), 1:30 (for EU retail clients), 1:500 (for professional accounts)
  • Offers a variety of trading platforms including MT4, MT5, Webtrader, and FBS traders. 
  • The trading fee: Floating spread from 0.7 pips(global), and 1 pips for EU traders. 
  • FBS does not accept US clients. 

Go Markets:

  • Forex and CFD Brokers regulated by ASIC, CySEC, FSC in Mauritius, FSA in Seychelles, FSA in SVG
  • Minimum Deposit: No minimum deposit is required. However, Go Markets recommends having at least $200 to ensure to have enough margin to trade. 
  • Maximum leverage 1:30 (for retail clients), 1:400 (for professional accounts)
  • Offers  MT4, MT5, Ctrader, Webtrader, Copy trading trading, Webtrader, PAMM, and Premium trading tools like Trading Central, VPS, Genesis, Autochartist  
  • The trading fee: spreads starting from 0.8pips for the standard account, or a commission $5 per standard lot for the Go Plus account
  • Go Markets does not accept US clients. 

Our score for FBS is 8.8, and for Go Markets it is 9.

Written by

Jason Paine is a forex trader, researcher, and tech enthusiast. He is passionate about financial markets and cutting-edge technology. With a dynamic 16-year trading career, he's on a mission to guide fellow traders. Having navigated diverse forex brokers, Jason shares his insights at Brokersway to bridge the gap between traders and the right brokerage.

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