| Updated: GO Markets is a globally regulated broker known for offering competitive trading conditions and access to a diverse range of financial instruments. The broker boasts a solid regulatory background as it holds licenses from the financial watchdogs of Australia, Cyprus, Seychelles, Mauritius, and Saint Vincent and the Grenadines. Traders seeking portfolio diversification face a versatile enough selection spanning over 2,000 markets across all major asset classes.
This extensive coverage includes more than 40 currency pairs, commodities, cryptocurrencies, stocks, indices, bonds, and exchange-traded funds, all available through reasonably priced contracts for difference. Onboarding traders benefit from industry-leading commissions, tight spreads, and free deposits and withdrawals. In this article, we explore all trading and non-trading fees associated with using the services of GO Markets to help you understand the true cost of trading with this broker.
GO Markets Trading Costs
GO Markets offers an ECN-style account type with lower-than-average commissions and direct market access. The broker does not operate a proprietary dealing desk, meaning it does not take the opposite side of client orders, thus preventing any potential conflict of interest.
Orders are routed to over 15 tier-one and tier-two liquidity providers, including major names in the financial industry like Morgan Stanley, Goldman Sachs, UBS, and JP Morgan. Alternatively, unversed traders have the option to register Standard accounts to engage in commission-free trading with slightly higher marked-up spreads. Let’s examine the trading conditions for the two accounts to see which option delivers lower forex trading expenses overall.
GO Markets Forex Trading Costs with Standard Accounts
GO Markets adds a markup of approximately 0.8 pips to the raw spreads to compensate for the absence of commissions with Standard accounts. Spreads for major pairs like EUR/USD start from 0.8 pips and average 0.9 pips. Traders can easily calculate their average expenses by multiplying the spread by their position size. Since one standard lot consists of 100,000 base currency units, opening a position in EUR/USD will cost 100,000 x 0.00009 = $9 per side.
If you exit the position at the same price, your total average expenses will amount to $18 per standard lot. Alternatively, you can multiply the pip value for a standard lot by the spread in pips, in which case you again get $10 x 0.9 = $9 per side. Respectively, positions in mini and micro lots will incur average spread charges of 10,000 x 0.00009 = $0.90 and 1,000 x 0.00009 = $0.09 per side.
| Average Spread Costs with Standard Accounts* at GO Markets | ||||
|---|---|---|---|---|
| Forex Pair | Spread (in pips) | Commission | Cost per Micro Lot | Cost per Standard Lot |
| EUR/USD | 0.9 | $0 | $0.09 | $9.00 |
| USD/JPY | 1.1 | $0 | $0.07 | $7.02 |
| EUR/GBP | 1.1 | $0 | $0.15 | $14.66 |
| GBP/USD | 1.0 | $0 | $0.10 | $10.00 |
| AUD/USD | 1.0 | $0 | $0.10 | $10.00 |
| USD/CAD | 1.3 | $0 | $0.09 | $9.39 |
| USD/CHF | 1.3 | $0 | $0.16 | $16.18 |
| USD/CNH | 6.2 | $0 | $0.09 | $8.78 |
| NZD/USD | 1.1 | $0 | $0.11 | $11.00 |
*The average trading costs above were calculated for one standard and one micro lot, and assume no leverage was used. The calculations correspond to a Standard account denominated in US dollars and represent the cost incurred when the position was opened.
GO Markets Forex Trading Costs with GO Plus+ Accounts
Seasoned and active traders can choose the more advanced GO Plus+ account option, where commissions apply upon opening and closing forex positions. GO Markets charges some of the lowest commissions we have encountered so far, as traders pay only $2.50 per side, per standard forex lot. In our experience, only discount brokers like Fusion Markets offer lower commissions ($2.25 per side). By contrast, many rival brokers charge $3 or $3.50 each way.
It follows that entering and exiting a forex position equal to one standard lot incurs a $5 round-turn commission at GO Markets. With this in mind, we should warn potential customers that commissions for GO Plus+ accounts vary depending on base account currency, as shown in the table below.
| GO Plus+ Commission Rates Based on Account Currency at GO Markets | |||
|---|---|---|---|
| Base Currency | Round-Turn Commission per Standard Lot | Round-Turn Commission per Mini Lot | Round-Turn Commission per Micro Lot |
| USD | $5.00 | $0.50 | $0.05 |
| EUR | €4.00 | €0.40 | €0.04 |
| GBP | £4.00 | £0.40 | £0.04 |
| AUD | $6.00 | $0.60 | $0.06 |
| CAD | $6.00 | $0.60 | $0.06 |
| SGD | $7.00 | $0.70 | $0.07 |
| NZD | $7.00 | $0.70 | $0.07 |
| HKD | $40.00 | $4.00 | $0.40 |
| CHF | ₣5.00 | ₣0.50 | ₣0.05 |
Spreads for EUR/USD start from 0.0 pips and average 0.1 pips with GO Plus+ accounts. This translates into average costs of 100,000 x 0.00001 = $1 per side and $2 in both directions of a trade. When we add the $2.50 commission, it turns out one standard lot in the pair incurs overall expenses of $3.50 per side and $7 in total. Respectively, customers trading in mini and micro lots will pay $0.35 and $0.035 per side and $0.70 and $0.07 in total.
From this, we conclude that GO Plus+ accounts are associated with lower overall expenses than their Standard counterparts. GO Plus+ traders pay $5.50 less per standard lot, per side despite the commission charges. Here are the average spreads onboarding customers can anticipate for other popular currency pairs.
| Average Forex Trading Costs with GO Plus+ Accounts at GO Markets | ||||
|---|---|---|---|---|
| Forex Pair | Spread (in pips) | Commission Per Side* | Cost per Micro Lot** | Cost per Standard Lot |
| EUR/USD | 0.1 | $2.50 / $0.025 | $0.035 | $3.50 |
| USD/JPY | 0.3 | $2.50 / $0.025 | $0.044 | $4.42 |
| EUR/GBP | 0.3 | $2.50 / $0.025 | $0.065 | $6.50 |
| GBP/USD | 0.2 | $2.50 / $0.025 | $0.045 | $4.50 |
| AUD/USD | 0.2 | $2.50 / $0.025 | $0.045 | $4.50 |
| USD/CAD | 0.5 | $2.50 / $0.025 | $0.061 | $6.11 |
| USD/CHF | 0.5 | $2.50 / $0.025 | $0.087 | $8.72 |
| USD/CNH | 5.4 | $2.50 / $0.025 | $0.101 | $10.15 |
| NZD/USD | 0.3 | $2.50 / $0.025 | $0.055 | $5.50 |
*The second commission value corresponds to micro lots. **The number indicates the average expenses per side from both commissions and spreads. Traders must multiply the values by two to calculate their average round-turn costs.
Overnight Funding Costs at GO Markets
GO Markets charges overnight funding fees at the New York close, which corresponds to 00:00 a.m. platform time. These charges apply only to leveraged positions that remain open past market rollover. The broker does not provide detailed information about swap rates on its website, which is somewhat of a drawback. To access the current rates, traders must register, open the MetaTrader platform, and check the contract specifications of the respective currency pair. Those using the MetaTrader mobile app can find this information by tapping a pair and then selecting Properties.
Overnight leveraged positions held past the rollover time are either credited or debited using the swap rates for the respective market. Note that the broker applies triple swaps on Wednesdays to cover the weekend settlement. The swap rates in MetaTrader are listed in points.
At publication, the swap rate for holding one standard lot in EUR/USD is -7.27 points for long positions, which means traders pay 100,000 x -0.0000727 = -$7.27 for overnight funding per night. The swap rates for short positions are positive, so traders will have 100,000 x 0.000033 = $3.30 credited to their balance in this case. Long and short positions in EUR/USD opened on Wednesdays will have −$21.81 deducted and $9.90 credited to your balance to account for the triple rates.
| GO Markets Swap Rates* for Major Currency Pairs | ||||
|---|---|---|---|---|
| Forex Pair | Base Currency | Volume in Lots | Long Swaps (in points) | Short Swaps (in points) |
| EUR/USD | USD | 1 | -7.27 | 3.3 |
| USD/JPY | USD | 1 | 2.95 | -15.23 |
| EUR/GBP | USD | 1 | -6.45 | 3.61 |
| GBP/USD | USD | 1 | -0.49 | -2.4 |
| AUD/USD | USD | 1 | -0.92 | 0.21 |
| USD/CAD | USD | 1 | 1.59 | -2.85 |
| USD/CHF | USD | 1 | 1.41 | -7.89 |
| USD/CNH | USD | 1 | 12.54 | -64.84 |
| NZD/USD | USD | 1 | -3.23 | 1.46 |
*These swap rates were derived from the MT5 platform on December 11, 2025 but are subject to change over time.
Swap-Free Trading Costs at GO Markets
Swap-free trading via Islamic accounts does not incur overnight swap charges on leveraged positions, replacing them with wider spreads or fixed administrative fees to comply with Sharia principles. Dedicated Islamic accounts are unavailable at the CySEC-regulated entity at the moment, as a customer support agent confirmed via email. This can be a drawback for Muslim traders from Europe looking to avoid paying or receiving interest when holding leveraged positions past market rollover.
They can look for a Sharia-compliant broker like Fusion Markets or only engage in day trading at GO Markets to avoid swaps. Customers outside Europe who register at the Mauritius-licensed branch of GO Markets can open swap-free Standard or GO Plus+ accounts, depending on their preferences. The broker grants them a longer-than-usual grace period of 11 days, after which it starts charging the following administrative fees.
| Administrative Fees at GO Markets (Mauritius) | ||
|---|---|---|
| Asset Class | Grace Period | Administrative Fee per Standard Lot |
| Forex | 11 | $40 |
| Metals | 11 | $40 |
| Bitcoin | 11 | $50 |
| Other Cryptocurrencies | 11 | $10 |
| Spot Crude Oil | 11 | $15 |
| Indices | 11 | $8 |
GO Markets Non-Trading Costs
Non-trading costs at GO Markets are generally on the low side, with no internal charges for deposits, withdrawals, or account inactivity at the offshore entities. However, traders may still face indirect expenses such as third‑party payment processing fees, currency conversion costs from banks or payment providers, and VPS hosting charges for those who choose to use a dedicated trading server. Understanding these non-trading costs is important, as they can still affect the net profitability of your account.
Deposit and Withdrawal Fees
GO Markets does not apply internal fees to deposits or withdrawals, regardless of the supported payment method traders choose. That said, banks, card issuers, or e‑wallet providers may charge their own processing, intermediary, or cash-advance fees, especially for international transfers or currency exchange. While these charges are largely outside the broker’s control, traders should still account for possible external costs when selecting funding and withdrawal options.
VPS Hosting Fees
GO Markets provides VPS hosting for clients who want low-latency, stable connectivity for algorithmic or high-frequency strategies on the MetaTrader platforms. The broker partners with an external VPS provider and offers a complimentary subscription for MT4 and MT5 with a monthly trading volume of 10 or more standard lots in forex and gold. They benefit from free access to the VPS hosting service.
Those with lower monthly trading volumes pay $25 per billing month. Another thing to keep in mind is that the broker charges a pro-rate fee when a customer subscribes for the service on the first day of any given calendar month. Subscribers can cancel the service whenever they wish if their account equity drops below $25. This subscription structure makes VPS hosting cost-effective for high-volume traders.
Inactivity and Conversion Fees
GO Markets does not currently charge an inactivity fee for dormancy at its offshore entities, so leaving your account unused will not result in additional expenses. Customers registered under the CySEC-regulated branch are liable for a €15 fee after 3 months of inactivity. Accounts that remain dormant for one year or more are automatically closed by the broker.
Deposits and withdrawals in a currency different from your account’s base currency may attract conversion charges from banks or payment processors, even though the broker itself does not impose a separate currency conversion markup. Traders can reduce this risk by opening accounts in a currency that matches their primary funding source, where possible.
| GO Markets Non-Trading Costs at a Glance | |
|---|---|
| Deposit Fees | No internal deposit fees |
| Withdrawal Fees | No internal withdrawal fees |
| Account Opening Fees | None |
| Inactivity Fees | €15 after 3 months (EU clients) |
| VPS Hosting | $25 per month |
Closing Thoughts on GO Markets Fees
After extensively analyzing GO Markets’ account types, we established that GO Plus+ is the most cost‑effective option for active forex traders. The raw spreads coupled with low commissions result in materially lower round‑turn costs than those with Standard accounts, especially on major currency pairs.
Standard accounts are still suitable for beginners who prefer commission‑free pricing, but their wider spreads make them more expensive over time. Overall, GO Markets’ trading fees are very competitive compared to most mainstream brokers, while the absence of funding and withdrawal charges further increases the brand’s appeal.