Traders consistently seek trusted and reliable trading platforms that suit their trading styles and preferences. Go Markets and IG are top-tier regulated brokers providing online trading services worldwide. Go Markets is known for its social trading and multi-asset platform, regulated in two tier-1 jurisdictions, one tier-2 jurisdictions and two tier-2 jurisdictions including ASIC, CySEC, DMCC,FSC Mauritius, SVGFSA. On the other hand, IG specializes in online forex trading, regulated by six tier-1 jurisdictions and one tier-2 jurisdictions including FCA , FSA-Japan , NFA , AMF, FMA , MAS , DFSA. While these brokers offer similar services, they each have their own strengths and weaknesses.
In this article, I have compared Go Markets and IG in terms of trading platforms, Pros, Cons, regulations, tradable assets, fees, customer support, and overall trading experience score. This analysis aims to help you determine which broker better suits your trading style and preferences.
Go Markets vs IG.com: 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
IG.com
Founded in 1974 as IG Index by British financier Stuart Wheeler, IG is a well-known forex and CFD broker. Based in the United Kingdom, IG offers online trading services, including spread betting and CFD trading. It provides access to over 100 forex currency pairs, CFDs, commodities, stocks, indices, gold, silver, oil, bitcoin, and other cryptocurrencies for personal investment and trading. As of 2021, IG had a market value of £2.9 billion and offered trading in 17,000 investment markets. Regulated by the Financial Conduct Authority (FCA), IG is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. To know more, read our review about IG.
IG Markets Overview
- Founded In: 1974
- Minimum Deposit: $250
- Maximum Leverage: 200:1
- Regulations: ASIC, FCA, FSA, NFA , AMF, FMA, MAS, DFSA
- Trading platform: MT4, WebTrader, MobileTrader (MobileApp), ProRealTime
- Account Types: Standard account, DMA Account
- Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, PayPal
- US Traders: Accepted
Go Markets vs: IG 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
IG
- Trading Instruments: 17,000+ trading instruments including forex, indices, cryptocurrencies, shares, commodities, bonds, options, etc
- Maximum leverage: 30:1 to 200:1 ( dependent on Jurisdiction and Tradable assets)
- Minimum Deposit: No Minimum Deposit. However, the Minimum requires $250 if traders use credit/debit cards or PayPal
- Account Types: Ig Offers couple of account types including Standard Accounts, Limited Risk Accounts, Spread Betting Accounts, Options Trading Accounts, Turbo24 Accounts, Share Dealing Accounts, Professional Accounts, etc
- PAMM/ MAM: Available
- Scalping: Allowed
- News Trading: Allowed
- EA/ Robot Trading: Allowed
Go Markets vs IG.com: 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)
IG.com
- Regulated by multiple top tire regulators like NFA, FCA, ASIC, FSA, AMF, FMA, MAS, DFSA
- Allows scalping, EA/ Robot Trading, News Trading
- Offers web trading, mobile trading and ECN Trading
- IG's acquisition of tastytrade for $1 billion brought options trading and listed-derivatives (such as futures) trading to clients in the United States
- 16,000 trading instruments, investments in IPOs and exchange-traded funds;
- Quality choice of trading platforms, including MT4, WebTrader, MobileTrader (MobileApp), ProRealTime
- Relatively good spreads, from 0.6-1 pips depending on the type of instrument;
- Offers passive investment programme ( MAM, PAMM accounts)
- Relatively high Minimum deposit ( Min Deposit $250)
- Conservative leverage in some areas ( The max leverage is 1:200)
- IG charges $/£12/€14 per month after 24 months of inactivity
- Limited product range on MT4
- High Stock CFD fees
Go Markets vs IG.com: Side-by-Side Comparison
Go Markets Vs IG.com: Our Scores and Ratings
We rated both brokers, Go Markets and IG.com, 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 :
IG.com
Final Verdict :
Both Go Markets and IG are regulated online trading platforms in the industry, offering services to traders and investors. However, there are some differences between them. Go Markets is a multi-asset and social trading platform, providing trading instruments, including forex,commodities,metal,indices,shares,cryptocurrencies,ETFs. It offers both leverage and non-leverage tradable assets.On the other hand, IG is a forex and CFD broker offering indices, forex ,shares, commodities ,cryptocurrencies, bonds.
Our score for Go Markets is 9.0 and for IG, it is 9.0 (based on our research; a score above 8 is considered safe and trustworthy). If you are seeking a social trading platform where you can copy other successful traders and have a one-stop solution for various types of trading, you may choose Go Markets. However, if you prefer online forex and CFD brokers, you may choose IG.
