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TD Markets vs Go Markets - 2024 Comparison | FxScouts
AuthorAuthor: Björn MichelsUpdated: May 8, 2024

Last Updated On May 8, 2024

Björn Michels

Trading with a reputable online broker is a crucial factor for success in the international markets. At FxScouts, we help you find the broker that suits your trading needs.

Each year we spend thousands of hours testing brokers by opening accounts, testing their platforms, and rating them according to a set of over 200 metrics. We deposit real money with the brokers to ensure that the products and user experience they advertise are consistent with reality.

We have found that the best way for traders to choose a broker is to compare brokers side-by-side. The comparison tool below allows you to compare two brokers based on their ratings and features.

Select brokers to compare

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Broker Score
Min. Deposit
Regulation
Trading Desk Type
Trading Instruments
Forex Pairs
Crypto Pairs
Pros
Cons
Regulation
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
% Lose with this broker
Leverage
Spread
Hedging
Scalping
Account Types
Islamic Account
Trading Platforms
Funding Methods
Trading Commission
1110.503.19/ 5 USD 50FSCA Regulated Forex BrokersFinancial Services Authority – St. Vincent & the GrenadinesMarket Maker, STPCryptocurrencies, Energies, Stock CFDs, ETFs, Forex, Indices, Metals, Cryptocurrencies630
  • FSCA and FSA-St-Vincent regulated
  • Minimum deposits are set at USD 50 on Gold Accounts
  • Platform supports copy trading
  • Negative balance protection
  • Entry-level accounts are subject to higher trading costs
  • Only supports the MT4 trading platform
  • Limited educational resources
  • No information on withdrawal and deposit methods on website
Read Review 111003/ 5 1110.503.5/ 5 111104/ 5 100001/ 5 10.50001.5/ 5 11110.54.5/ 5 111104/ 5 79%500:11.80 pips Gold, Pro, Smart MT4Bank Transfer, PayFast8 USD / lot
11110.54.54/ 5 AUD 200ASIC Regulated Forex BrokersCySEC Regulated BrokersFinancial Services AgencyFinancial Services CommissionMarket Maker NDD, ECN/DMACommodities, Cryptocurrencies, Stock CFDs, Forex, Indices, Metals, Bonds, Shares4910
  • Fast and free withdrawals
  • Wide range of assets
  • Excellent market analysis
  • Innovative trading tools
  • High minimum deposit
  • No swap-free account option
Read Review 11110.54.5/ 5 11110.54.5/ 5 11110.54.5/ 5 111115/ 5 11110.54.5/ 5 111115/ 5 111104/ 5 62%30:10 pips GoPlus+, Standard MT4, MT5Bank Transfer, BPay, Fasapay, Mastercard, Neteller, POLi, Skrill, Visa4 USD / lot

How do Go Markets and TD Markets stack up against each other?

The Radar Chart below highlights how the brokers stack up against each other across various metrics. The highest score a broker can receive in each area is 5.

Go Markets

TD Markets

At FxScouts, we help traders find the broker that suits their trading needs. In many cases, the best way to achieve this is to compare brokers side-by-side.

To compare Go Markets and TD Markets, we used the same factors we use when reviewing brokers: The trust and regulation of the broker, the trading platform, the costs and trading conditions, and the level of education and market analysis available at the broker.

Does Go Markets or TD Markets have a better trust and regulation rating?

Trust and regulation are some of the most important factors to consider when choosing a Forex broker. Trust in the Forex trading business is almost entirely founded upon regulation. We spend many hours evaluating the safety of each broker by delving into their fine print and confirming each one of their regulatory licences on the online registers. The more top-tier authorities a broker is regulated by, the higher its trust rating.

In our comparison, we found that Go Markets holds two Tier 1 and one Tier 2 licences, and TD Markets holds no Tier 1 and no Tier 2 licences.

 

Is Go Markets financially regulated?

Yes Go Markets was founded in 2006 and is regulated by ASIC, CySEC, FSA-Japan and FSC.

 

Is TD Markets financially regulated?

Yes TD Markets was founded in 2015 and is regulated by FSA-St-Vincent and FSCA.

 

Based on these findings, Go Markets earned a higher trust rating than TD Markets.

Does Go Markets or TD Markets have lower costs?

Another important aspect we consider when comparing brokers is the cost of trading. When evaluating trading costs, we always consider the minimum deposit required to open an account and the ongoing trading costs, including the spreads and commissions. When calculating trading costs, we measure the cost to trade one lot of EUR/USD using the broker’s account with the lowest minimum deposit. The cost includes both the spread and any commission charged. 

Not all brokers publish their trading costs, so we often open accounts and trade on their platforms to verify the spreads and commissions. Based on our reviews, we found that Go Markets has overall lower trading costs than TD Markets. 

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Broker
Trading Conditions
Base Currencies
EURUSD (Standard)
Trading Cost (Standard)
EURUSD (Best)
GBPUSD (Best)
USDJPY (Best)
Commission
TD Markets
1110.503.5/ 5
USD, ZAR
1.80 pips
USD 18
0.10 pips
0.60 pips
0.50 pips
USD 0
Go Markets
11110.54.5/ 5
AUD, USD, GBP, EUR, NZD, SGD, CAD, CHF, HKD, PLN
0.00 pips
USD 4
0.00 pips
0.00 pips
0.00 pips
USD 4

 

Does Go Markets or TD Markets offer a better choice of trading platforms?

Traders want Forex brokers to offer them a choice of trading platforms, so we give brokers who offer multiple platforms higher ratings. Trading platforms we consider include MetaTrader4, MetaTrader5, cTrader and proprietary mobile and web-based platforms. 

In this case, Go Markets offers support for MT4 and MT5 and TD Markets offers support for MT4. 

Do the brokers offer copy trading?

Copy trading is a great option for beginner traders who can’t trade full-time or lack experience with Forex trading. In this case both Go Markets and TD Markets offer copy trading.

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Broker
Platform Choice
Copy Trading
Platforms
TD Markets
111104/ 5
Go Markets
11110.54.5/ 5

 

Which broker offers a better choice of trading instruments?

A variety of CFD instruments – and a large range of CFDs for each instrument category allow traders more opportunities for profitable trading. The best brokers will have thousands of CFDs to trade, covering all these instrument categories. We found that TD Markets offers a greater range and depth of instruments to trade than Go Markets. TD Markets offers 63 Forex pairs to trade and Go Markets offers 49 Forex pairs to trade.

Toplist Forex Pairs

And what about Cryptocurrencies?

In this case, Go Markets offers 10 cryptocurrencies while TD Markets offers 0 cryptocurrencies. So if you want to trade cryptocurrencies, we advise trading with Go Markets.

Which broker offers better deposit and withdrawal processes?

Although brokers may have reasonable trading fees, many traders are caught out by the high non-trading fees charged by some brokers, including deposits and withdrawals. Traders want to be able to deposit and withdraw funds quickly and cheaply. Most brokers have multiple funding methods with zero fees for making deposits, but some brokers make it more expensive and take longer to process withdrawals. 

We rate brokers more highly that process withdrawals within 24 hours by multiple withdrawal methods and without charging processing fees. We found that neither Go Markets nor TD Markets charges a withdrawal fee. Overall, Go Markets has better deposit and withdrawal processes than TD Markets. 

Which broker offers better educational support?

We often find that brokers offer very little in the way of educational materials, forcing traders to use other third-party sites or self-educate elsewhere. Beginner traders need well-structured, well-presented materials in multiple formats to get a good start at trading. More experienced traders also benefit from webinars led by experts in the field and advanced trading strategy sections with new trading ideas. 

Go Markets has better educational support than TD Markets. Both Go Markets and TD Markets offer educational support for more experienced traders.

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Broker
Beginner Course
Advanced Course
Well Structured Education
Education Quality
Webinars
TD Markets
None
Go Markets
Medium

 

Which broker offers better market analysis materials?

To successfully predict the price movements of an instrument, traders will need access to frequent market research and analysis. We find that research and market analysis are always better when they are produced in-house and updated frequently. Third-party resources don’t show the same expertise in trading ideas, so we place a strong emphasis on frequent in-house updates. Some brokers also often offer interactive webinars where traders can learn from experts in the field. 

We found that Go Markets offers better research analysis than TD Markets and that both Go Markets and TD Markets offer frequent webinars.

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Broker
Economic Calendar
Autochartist
Trading Central
Trading View
Free VPS
TD Markets
Go Markets

 

Our overall Verdict on Go Markets

We are aware of multiple complaints about problems withdrawing profits from GO Markets. We advise traders to find another approved broker until we have verified these claims.

A well-regulated broker, GO Markets will appeal to traders looking for a simple account structure and a broad range of trading tools on the MT4 and MT5 platforms. 

GO markets offers trading on multiple CFDs, including Forex, share CFDs, indices, metals, and commodities and traders can choose between two accounts, both with competitive trading costs. The commission-free Standard Account has spreads that start at 1.0 pips (EUR/USD), while the GO Plus+ ECN Account offers spreads of 0 pips in exchange for a commission of 6 USD (round turn). Both accounts have a reasonable minimum deposit of 200 AUD, making them accessible to beginner traders. 

With full support for MT4 and MT5, GO Markets also provides an extensive suite of trading tools. These include a free VPS service, Autochartist, Metatrader Genesis, Trading Central, a-Quant, and the Myfxbook copy-trading service. Most of these tools are available for free to live account-holders. Traders will also appreciate the fact that no extra fees are charged for deposits, withdrawals, or on inactive accounts. 

Overall, GO Markets is a dependable, straight-forward broker that ticks all the boxes.

Our overall Verdict on TD Markets

Founded in 2015, TD Markets is an FSCA-regulated local broker with a low deposit ZAR account, renowned for its customer-focused approach to traders. However, traders should note that the trading costs on its entry-level account are significantly higher than other brokers. 

TD Markets' entry-level Gold Account accommodates beginner traders with a minimum deposit of 50 USD, spreads averaging at 1.80 pips on the EUR/USD, which is significantly wider than other brokers, but with no commissions. Its Pro Account offers a very competitive spread, which will appeal to more experienced traders, but the minimum deposit on this account is 1000 USD. Traders will also be pleased that TD Markets charges no fees for deposits, withdrawals, or on dormant accounts.

TD Markets' CFD assets outside of their Forex offering are limited compared to other brokers, with only 12 indices, and 8 commodities available, restricting traders who wish to diversify their trading strategy. Additionally, TD Markets only offers support for the MT4 trading platform, offers virtually no trading tools, and its educational and market analysis materials are severely limited compared to other brokers.

Which broker has the highest overall rating?

Go Markets has an overall rating of 4.54 and TD Markets has an overall rating of 3.19. For more detail please read our reviews of Go Markets and TD Markets.

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