Go Markets and CMC Markets are online Forex and CFD brokers that offer trading services to traders and investors worldwide. Both brokers are regulated by top-tier regulatory authorities. 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. On the other hand, CMC Markets is regulated in five tier-1 jurisdictions, including FCA, MAS, ASIC, IIROC, FMA. These two brokers offer almost similar services. However, each broker has its strengths and weaknesses.
In this article, we will compare and contrast Go Markets with CMC Markets regarding trading platforms, regulations, tradable assets, fees, customer support, and overall trading experience score. We will also explore if Go Markets is better than CMC Markets and vice versa. This comparison lets you understand which broker is better for your trading style and preferences.
Go Markets vs CMC Markets: In a Nutshell
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
- 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
CMC Markets
Founded in 1989, CMC Markets is a publicly traded broker (Ticker: CMCX). The broker is regulated in the UK, Australia, Canada, and Singapore. It offers over 9800 trading instruments, including Forex, Indices, Cryptocurrencies, Shares & ETFs, and Commodities. There is no minimum deposit requirement on IC Markets; you may deposit as low as $1. CMC Markets allows EA trading and news trading. The broker uses the most popular trading platform, MetaTrader (MT4), as its trading platform.
- Founded In: 1989
- Minimum Deposit: $0
- Maximum Leverage: 1:500
- Regulations: ASIC
- Trading platform: MT4 , Share trading platforms
- Account Types: SPREAD BETTING, Fx Active, CFD Trading
- Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard
- US Traders: Not Accept
Go Markets vs: CMC Markets Features
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
CMC Markets
- Trading Instruments: 12000+ trading instruments including forex, indices, Cryptocurrencies, Commodities, Shares, Share baskets, Treasuries, etc
- Maximum leverage: Up to 30:1 ( FCA, ASIC), up to 1:50 (IIROC), and up to 500:1 for a professional account.
- Minimum Deposit: No Minimum Deposit. However, Pepperstone recommends $200 or equivalent for the margin requirement.
- Account Types: Three (Spread Betting Account, CFD Account, Corporate Account)
- Trading Fees: only Spread is charged (Commission is only for Shares account). Variable spreads from 0.3 pips. A rollover commission is applied on open positions overnight. For the Shares account commission starts from $7.
- PAMM/ MAM: Not Available
- Scalping: Allowed
- News Trading: Allowed
- EA/ Robot Trading: Allowed
Go Markets vs CMC Markets: Pros and Cons
Go Markets
- 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
- 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)
CMC Markets
- Regulated by FCA, ASIC, IIROC, MAS, FMA
- Founded in 1989, CMC Markets is publicly traded company
- The minimum deposit is as low as $1
- Comparatively low spread starting from 0.7 pips
- Allows news trading, EA/Robot trading
- Extensive range of tradable assets
- Excellent education and research resources
- Offered only MT4, no MT5, cTrader trading platforms
- Maximum leverage is only 1:300
- No passive investment programme or social trading platforms ( No PAMM, MAM accounts)
- Does not accept US clients
- Only CFD Trading
- High CFD spreads for certain Indices
- Spread betting only for UK residents
Go Markets vs CMC Markets: Side-by-Side Comparison
Go Markets Vs CMC Markets: Our Scores and Ratings
We rated both brokers, Go Markets and CMC 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.
Go Markets :
CMC Markets
Final Verdict :
Go Markets and CMC Markets are regulated forex and CFD brokers in the industry. They offer similar trading services including forex and CFD trading. They both allow scalping, hedging, EA trading and Copy trading. Neither of these brokers accept US Clients. The minimum order size for both of them is 0.01.
However, there are a few areas where you may find some differences. For example, the minimum deposit for Go Markets is $200, whereas the minimum deposit for CMC Markets is $0. Additionally, the maximum leverage for the Go Markets is 500:1. On the other hand, the maximum leverage for CMC Markets is 300:1.
Our score for Go Markets is 9.0, and for CMC Markets, it is 9.0 So, if you are looking for the most trusted forex brokers with tight spreads, you may choose Go Markets. However, If you prefer another broker with similar services, you may choose CMC Markets.
