Choosing the right broker is one of the most crucial decisions for any forex trader. In this article, we’ll compare GO Markets vs Exness, two highly reputable brokers, to help you make an informed decision. Both brokers have established themselves as trusted names in the forex market, but they cater to slightly different needs. Let’s dive into their features, fees, platforms, and customer service to help you choose the right broker for you.
Before we jump into our full review, let’s take a quick look at the table below which provides a clear side-by-side comparison of the key features of both FXPro and Pepperstone to help you quickly see the differences
| Feature | GO Markets | Exness |
|---|---|---|
| Year Established | 2006 | 2008 |
| Regulation | ASIC (Australia) | FCA (UK), CySEC (Cyprus), FSCA (South Africa), and more |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Proprietary Mobile App |
| Account Types | Standard Account, GO Plus+ Account | Standard, Raw Spread, Zero, Pro |
| Minimum Deposit | $200 | $10 (Varies by account type) |
| Spreads | From 1.0 pip (Standard), from 0.0 pips (GO Plus+) | From 0.3 pips (Standard), from 0.0 pips (Raw Spread/Zero) |
| Commissions | $0 (Standard), $3 per side (GO Plus+) | $3.50 per side (Raw Spread) |
| Leverage | Up to 1:30 (Retail clients), higher for professionals | Up to 1:2000 (Varies by region and account) |
| Deposit & Withdrawal Methods | Bank Transfer, Credit/Debit Cards, Skrill, Neteller | Bank Transfer, Credit/Debit Cards, Skrill, Neteller, PayPal, Cryptocurrencies |
| Withdrawal Speed | Same-day processing | Instant withdrawals available |
| Customer Support | 24/5 via live chat, phone, email | 24/7 multilingual support |
| Educational Resources | Webinars, tutorials, articles | Trading academy, articles, videos, webinars |
| Best For | Traders seeking a reputable, regulated broker with tight spreads | Traders seeking high leverage, flexible accounts, and instant withdrawals |
Overview of GO Markets
GO Markets is an Australian-based broker that has been in operation since 2006. It is regulated by the Australian Securities and Investments Commission (ASIC) and offers a solid foundation for both beginners and experienced traders. GO Markets is known for its competitive spreads, variety of trading instruments, and powerful trading platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
Overview of Exness
Exness, founded in 2008, has grown to become one of the biggest names in the forex industry, with millions of traders worldwide. It is regulated by multiple top-tier authorities, including the UK’s Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC). Exness provides a range of account types, tight spreads, and a highly flexible leverage system. The broker offers both MT4 and MT5 platforms, making it appealing to all types of traders.
Regulation and Safety
GO Markets is regulated by ASIC, which ensures that the broker follows strict standards of transparency and client protection. ASIC is known for its high level of regulation, giving traders peace of mind that their funds are secure.
Exness is a multi-regulated broker, with licenses from FCA, CySEC, and several other financial authorities. This wide array of regulations ensures that Exness operates under strict compliance guidelines, providing an additional layer of safety for traders.
Winner: Both brokers are well-regulated, but Exness has a broader regulatory framework, offering more reassurance for global traders.
Trading Platforms
GO Markets offers MetaTrader 4 and MetaTrader 5, two of the most popular platforms in the industry. These platforms are renowned for their user-friendly interface, advanced charting tools, and automated trading features through Expert Advisors (EAs). MT5 offers additional timeframes and order types, making it a better choice for advanced traders.
Exness also provides MT4 and MT5, allowing traders to choose between the two platforms. Additionally, Exness has its proprietary mobile trading app, giving traders flexibility to trade on the go. The mobile platform is highly intuitive and offers features comparable to desktop versions.
Winner: Exness edges out slightly with its user-friendly mobile app in addition to MT4 and MT5.
Account Types
GO Markets offers two main account types:
- Standard Account – Best suited for beginners, this account comes with competitive spreads and no commission on trades.
- GO Plus+ Account – Designed for more experienced traders, this account offers tighter spreads and charges a commission per trade.
Exness provides a wide range of account types, catering to different trading styles:
- Standard Account – No commission, with variable spreads.
- Raw Spread Account – Tight spreads starting from 0.0 pips, with a commission on trades.
- Zero Account – Best for scalpers and traders seeking the lowest possible spreads.
- Pro Account – Designed for professionals, this account offers commission-free trading with ultra-low spreads.
Winner: Exness wins for its more diverse range of account types, catering to different trading preferences.
Spreads and Fees
GO Markets offers relatively low spreads on major currency pairs. For its Standard Account, spreads start from 1.0 pip, while the GO Plus+ Account offers tighter spreads from 0.0 pips with a commission of $3 per side per trade.
Exness also provides competitive spreads. For the Standard Account, spreads start at around 0.3 pips, while the Raw Spread and Zero Accounts offer even tighter spreads, often as low as 0.0 pips. The commission for the Raw Spread account is $3.50 per side.
Winner: Exness tends to offer slightly lower spreads across more account types, making it a better choice for cost-conscious traders.
Leverage
GO Markets offers leverage of up to 1:30 for retail clients, which is in line with ASIC regulations. For professional traders, higher leverage can be offered, but it’s subject to approval.
Exness provides highly flexible leverage options, with leverage up to 1:2000 for certain account types and regions. This high leverage allows traders to control larger positions with a smaller initial investment, although it comes with higher risks.
Winner: Exness offers far more flexible and higher leverage options, especially for traders outside Australia.
Deposit and Withdrawal Methods
GO Markets supports various deposit and withdrawal methods, including bank transfers, credit/debit cards, and e-wallets like Neteller and Skrill. Processing times are generally fast, with no fees charged on deposits.
Exness provides even more flexibility, with options like bank transfers, credit cards, PayPal, Neteller, Skrill, and even cryptocurrency. The broker is known for its instant withdrawals, a feature that sets it apart from most other brokers.
Winner: Exness stands out for its wider range of payment methods and instant withdrawal feature.
Customer Support
GO Markets offers 24/5 customer support via live chat, phone, and email. Their support team is known for being helpful and quick to respond, which is important for resolving any issues during trading hours.
Exness provides 24/7 customer support in multiple languages. This around-the-clock service is a significant advantage for traders in different time zones or those who need help outside of regular business hours.
Winner: Exness takes the lead with its 24/7 multilingual customer support.
Educational Resources
GO Markets provides a range of educational tools, including webinars, tutorials, and articles. These resources are ideal for beginners looking to improve their trading skills.
Exness also offers a comprehensive education center, with trading articles, videos, webinars, and analysis tools. Additionally, Exness provides a trading academy for beginners.
Winner: Tie. Both brokers provide excellent educational resources to help traders improve their knowledge.
Bottom Line
Both GO Markets and Exness are excellent brokers, but they cater to different types of traders. GO Markets is ideal for traders who prefer a regulated broker with a strong reputation and are comfortable with lower leverage. On the other hand, Exness offers greater flexibility in terms of leverage, account types, and deposit/withdrawal options, making it more attractive to a wider range of traders, especially those looking for lower spreads and instant withdrawals.
If you’re looking for a broader range of account options, higher leverage, and instant withdrawals, Exness is the better choice. However, if you prefer a broker with a strong regulatory foundation and solid trading platforms, GO Markets could be the right option for you.
Ultimately, your choice will depend on your trading style, risk tolerance, and specific needs as a trader. Both brokers have strong offerings, so you can’t go wrong with either.
This comparison of GO Markets vs Exness aims to provide you with the most relevant information to help you make a smart decision. Happy trading!
Editorial Staff at Chweya is a team of financial experts led by Vincent Nyagaka, with over 9 years of experience in finance, commerce, forex, crypto, and marketing. Started in 2014, Chweya is now among the largest free financial resource sites in the industry and is often referred to as Wikipedia for business.