GO Markets vs OANDA Comparison: Which Is Better for Traders?
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Who is better - GO Markets or OANDA?
Our pick: GO Markets
Based on multiple factors - spreads and fees, available assets and instruments, execution quality, platform usability, support level, and educational resources - GO Markets looks preferable to OANDA.
GO Markets scored 4.7/5 and ranks 6 in our all Forex brokers list, whereas OANDA has 4.3/5 and ranks 32.
This is not financial advice. See the full comparison below.
Who is GO Markets suitable for?
GO Markets is suitable for active traders who value low costs, a choice of platforms, a wide range of CFD instruments and robust analytics.
Who is OANDA suitable for?
Oanda is suitable for beginners and experienced traders, thanks to quality analytics and various educational materials.
Comparison Table of GO Markets and OANDA
| Broker | GO Markets | OANDA |
|---|---|---|
| Rating | 4.7/5 | 4.3/5 |
| Foundation Year | 2006 | 2001 |
| Regulated in Countries | Australia, Mauritius, Cyprus | United States, Australia, Canada, United Kingdom, Japan, British Virgin Islands, Singapore, Poland |
| Minimum Deposit |
|
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| Spread | from 0 points | from 0.5 points |
| Max Leverage | 1:500 | 1:200 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | GO Markets Review | OANDA Review |
GO Markets Review
GO Markets gives the impression of a strong all-around CFD broker with a good balance between reliability, trading conditions and functionality. The company has a long operating history since 2006, access to a wide range of markets, several strong platform solutions—MT4, MT5, cTrader and TradingView—as well as well-developed additional services such as trade copying, PAMM, VPS, analytics and a training academy. Strengths also include competitive fees, convenient deposits and withdrawals, and solid infrastructure for active trading.
GO Markets is best suited to active retail traders who value low costs, a choice of platforms and a wide range of instruments. The broker also looks good for users who want to combine independent trading with analytics, signals and educational materials.
Pros and Cons of GO Markets
Pros
- Reliable regulation: ASIC and CySEC licenses, long operating history since 2006.
- Competitive trading conditions: tight spreads and low trading commission.
- Strong platform selection: MT4, MT5, cTrader and TradingView are available.
- A variety of additional services: trade copying, PAMM, VPS, analytics and education are available.
- No deposit or withdrawal fees, and there is no mandatory minimum deposit.
Cons
- There are few main trading accounts: the core choice mostly comes down to Standard and GO Plus+.
- Swaps do not seem to be the broker’s strong point and are better suited to short-term rather than long-term trading.
GO Markets is in the top 10 of the following ratings:
OANDA Review
Oanda is an excellent choice for traders seeking a reliable and regulated broker with competitive spreads and various trading assets.
With quality analytics and diverse educational materials, Oanda suits beginners and experienced traders.
Pros and Cons of OANDA
Pros
- Tight spreads.
- Diverse markets and products.
- Advanced trading platforms.
- Quality analytics.
- Extensive learning section.
Cons
- Limited trading account types.
- Inactivity fee.
- High swaps.
OANDA is in the top 10 of the following ratings:
Reliability
| Broker | GO Markets | OANDA |
|---|---|---|
| Reliability | 5/5 | 5/5 |
| Foundation Year | 2006 | 2001 |
| Regulated in Countries | Australia, Mauritius, Cyprus | United States, Australia, Canada, United Kingdom, Japan, British Virgin Islands, Singapore, Poland |
| Regulators |
GO Markets
GO Markets looks like a reliable broker thanks to ASIC and CySEC licenses, as well as a long operating history.
Pros
- ASIC and CySEC licenses.
- Operating since 2006.
- International group structure.
OANDA
Oanda demonstrates a high level of reliability, evidenced by licenses from the world's leading regulators.
Account Opening
| Broker | GO Markets | OANDA |
|---|---|---|
| Account Opening | 4.5/5 | 4.5/5 |
| Minimum Deposit |
|
|
GO Markets
Account opening at GO Markets is convenient and straightforward: registration is step-by-step, requirements are standard, and the lack of a minimum deposit makes getting started easier. A small delay is possible due to verification.
Pros
- Step-by-step and clear registration.
- No mandatory minimum deposit.
- Neat application form interface.
Cons
- Mandatory verification.
- Additional documents may be requested.
OANDA
Oanda offers a straightforward and structured registration process, ensuring convenience for clients.
Pros
- Clearly structured registration process.
- No minimum deposit, offering flexibility for traders.
Cons
- Additional documents may be required in some cases.
- Document verification can take from 1 to 2 working days.
Account Types
| Broker | GO Markets | OANDA |
|---|---|---|
| Account Types | 4.5/5 | 3/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0 points | from 0.5 points |
| Max Leverage | 1:500 | 1:200 |
| Trading Assets (CFDs) |
|
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
GO Markets
GO Markets offers a balanced lineup of accounts and services that suits most traders—from beginners to auto-trading enthusiasts. The variety is good, although the selection is not the widest on the market.
Pros
- Standard and GO Plus+ are available
- Demo and Islamic accounts are available
- Trade copying, PAMM and VPS are supported
Cons
- Limited selection of main accounts
OANDA
Oanda provides various trading accounts, but some specialized types are missing.
Pros
- Standard accounts are available.
- Demo accounts are offered.
- Swap Free accounts are available for traders following Islamic principles.
Cons
- Cent accounts are missing.
- No fixed spread accounts.
- No investment accounts are available.
Commissions
| Broker | GO Markets | OANDA |
|---|---|---|
| Commissions | 4.5/5 | 3.5/5 |
| Spread | from 0 points | from 0.5 points |
| Average Spread (EURUSD) | 0.9 | 0.8 |
| Commission per Lot | $2.5 |
GO Markets
GO Markets’ fees look below the market average: Standard spreads are tight, the GO Plus+ commission is low, and withdrawals are fee-free. Swaps look the weakest—they are rather average and do not provide an advantage for holding positions long term.
Pros
- Tight spreads on Standard
- Low GO Plus+ commission
- No withdrawal fee
Cons
- Swaps are rather average
OANDA
Oanda's fees are moderate, making this broker competitive.
Pros
- No fees for deposits and withdrawals.
- Low spreads on major currency pairs.
Cons
- Inactivity fee is charged.
- Swaps may be high for some currency pairs.
Deposit and Withdrawal
| Broker | GO Markets | OANDA |
|---|---|---|
| Rating | 4.5/5 | 4/5 |
| Account Funding Methods |
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GO Markets
Deposits and withdrawals at GO Markets are set up conveniently: popular payment methods are available, the broker charges no fees, and processing times look comfortable.
Pros
- Cards, bank transfers and e-wallets are available
- No fees for deposits and withdrawals
- Fast processing of requests
Cons
- The first transactions may take longer
- No cryptocurrencies as a deposit method
OANDA
Oanda offers flexible conditions for depositing and withdrawing funds, but payment system commissions and currency conversion costs may apply.
Pros
- The broker does not charge a fee for deposits and withdrawals.
- A wide selection of payment systems is available.
- No restrictions on the amounts of deposits and withdrawals.
Cons
- High commission fees for certain methods by payment systems.
- Withdrawal request processing time may be long.
- Cryptocurrencies are not available as a payment method.
Markets and Products
| Broker | GO Markets | OANDA |
|---|---|---|
| Markets and Products | 5/5 | 4.4/5 |
| Forex | 100 | 48 |
| Precious Metals | 5 | 3 |
| Energy Carriers | 5 | 3 |
| Soft Commodities | 2 | 4 |
| Indices | 16 | 18 |
| Cryptocurrency | 38 | 18 |
| Bonds | 5 | - |
| Stocks | 1800 | 1607 |
GO Markets
GO Markets’ market range is broad and well diversified: Forex, indices, commodities, stocks, ETFs, bonds and cryptocurrencies are available.
Pros
- Wide range of asset classes
- Stocks, ETF and bonds are available
- Good selection of currencies and cryptocurrencies
Cons
- Not the widest selection in some individual markets
OANDA
Oanda offers an extensive set of markets and products, making it a versatile choice for traders of different levels.
Pros
- A wide range of currency pairs.
- A large selection of stocks and indices.
- Access to cryptocurrency trading.
Cons
- Maximum leverage is only up to 1:200.
Trading Platforms
| Broker | GO Markets | OANDA |
|---|---|---|
| Rating | 5/5 | 5/5 |
| Trading Platforms |
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GO Markets
GO Markets’ trading platforms are one of the broker’s strengths. The lineup includes MT4, MT5, cTrader and TradingView, so in terms of convenience, functionality and breadth of choice the offering looks close to the maximum.
Pros
- Wide choice of platforms
- cTrader and TradingView are available
- Suitable for different trading styles
OANDA
Oanda provides high-quality trading platforms with deep functionality and integration with TradingView.
Pros
- Access to classic platforms MT4 and MT5.
- The fxTrade mobile app with integration with MT5.
- Integration with TradingView.
Cons
- No MetaTrader alternatives for desktop devices.
Analytics
| Broker | GO Markets | OANDA |
|---|---|---|
| Rating | 4.5/5 | 5/5 |
GO Markets
GO Markets’ analytics look strong: there is an economic calendar, market reviews, MetaTrader Genesis and Signal Centre. The set is useful and practical, but in terms of depth of proprietary expert content it lags slightly behind market leaders.
Pros
- Economic calendar available
- Genesis and Signal Centre are available
- Regular news and reviews
Cons
- Some tools are available subject to conditions
- Analytics lag behind market leaders
OANDA
The Oanda broker's analytical section offers many tools that help traders make informed decisions.
Education
| Broker | GO Markets | OANDA |
|---|---|---|
| Rating | 4.5/5 | 4.5/5 |
GO Markets
Education at GO Markets looks high-quality and diverse: there are courses, strategies, video lessons and a podcast. The materials are useful for beginners, although in depth and scale the section lags slightly behind market leaders.
Pros
- Courses and trading strategies are available
- Video lessons and podcasts are available
Cons
- The educational section is not the deepest
- Fewer formats than market leaders
OANDA
Oanda provides an extensive range of educational resources, catering to new and experienced traders, focusing on leveraged trading.
Pros
- Comprehensive coverage of fundamental and technical analysis.
- Variety of resources including webinars, workshops, and live market analysis.
- Free access to premium content for live account holders.
Cons
- Some advanced topics may not be covered in depth.
Customer Support
| Broker | GO Markets | OANDA |
|---|---|---|
| Rating | 4.5/5 | 5/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
Facebook
Twitter
LinkedIn
YouTube
Instagram
TradingViewGO Markets
GO Markets’ support looks strong: chat, e-mail and phone are available, the main channels operate 24/7, and feedback on response speed is generally positive. The weakest point is that the quality of resolving complex issues is not always consistent.
Pros
- Chat, e-mail and phone are available
- 24/7 support
- Overall good feedback about response speed
Cons
- No messaging apps for quick contact
- Service quality is not always consistent
OANDA
Oanda's technical support provides extensive communication options and round-the-clock service, ensuring the professionalism and efficiency of the solutions provided.
Comparisons of GO Markets and OANDA with other brokers
Conclusion
GO Markets stands out as the better overall pick, while OANDA trails on aggregate criteria.
GO Markets scored 4.7/5 and ranks 6 in our rating; OANDA has 4.3/5 and ranks 32.
We explain the reasons above in detail — fees, platforms, reliability, support, and more.
FAQ
Which broker is better: GO Markets or OANDA?
GO Markets comes out ahead by overall rank (score 4.7/5, position 6) versus OANDA (score 4.3/5, position 32).
Which broker is better for beginners: GO Markets or OANDA?
GO Markets is often a smoother start thanks to simpler onboarding and stronger baseline metrics. Still, your tools and budget should drive the final choice.
Who has lower typical trading costs (spreads/commissions) — GO Markets or OANDA?
It depends on the instrument and account type. Compare the live conditions in the “Commissions” section on this page — we break down the nuances category by category.
What trading platforms are available with GO Markets and OANDA?
GO Markets: MetaTrader 4, MetaTrader 5, cTrader, TradingView. OANDA: MetaTrader 5, MetaTrader 4, TradingView, fxTrade. See the “Platforms” section for details and selection tips.
What markets can you trade with GO Markets and OANDA?
GO Markets: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Cryptocurrency, Bonds, Stocks. OANDA: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Stocks, Cryptocurrency. Full lists and differences are in the “Markets” section.
What account types are offered by GO Markets and OANDA?
GO Markets: Standard, GO Plus+. OANDA: Standard, Swap Free. See “Account Types” for a side-by-side comparison.
What deposit and withdrawal methods are supported by GO Markets and OANDA?
GO Markets: PayPal, Skrill, Neteller, Bank Transfer, Visa, Mastercard. OANDA: Skrill, Neteller, Swift, Visa, Mastercard. Check method-specific fees/settlement times.
Which broker is safer — GO Markets or OANDA — and how was this assessed?
We consider regulation, corporate transparency, fund protection, and incident history. See the “Reliability” section for our findings.
