Swissquote vs Go Markets - 2024 Comparison | FxScouts
AuthorAuthor: Björn MichelsUpdated: Nov 15, 2023

Last Updated On Nov 15, 2023

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

Select brokers to compare

How do Go Markets and Swissquote 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


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 Swissquote, 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 Swissquote 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 four Tier 1 and two Tier 2 licences, and Swissquote holds two Tier 1 and no Tier 2 licences.


Is Swissquote financially regulated?

Yes Swissquote was founded in 1996 and is regulated by BaFin, DFSA, FCA, Fi, MAS and FINMA.


Is Go Markets financially regulated?

Yes Go Markets was founded in 2006 and is regulated by ASIC and CySEC.


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

Does Go Markets or Swissquote 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 Swissquote. 

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Trading Conditions
Base Currencies
EURUSD (Standard)
Trading Cost (Standard)
111104/ 5
1.30 pips
USD 13
1.30 pips
2.00 pips
1.60 pips
Go Markets
11110.54.5/ 5
0.00 pips
0.00 pips
0.00 pips
0.00 pips


Does Go Markets or Swissquote 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, Swissquote offers support for MT4 and MT5 and Go Markets offers support for AdvancedTrader, MT4 and MT5. 

Do the brokers offer copy trading?

In this case both Go Markets and Swissquote offer copy trading.

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Platform Choice
Copy Trading
11110.54.5/ 5
MT4, MT5, AdvancedTrader
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 Swissquote offers a greater range and depth of instruments to trade than Go Markets. Swissquote offers 84 Forex pairs to trade and Go Markets offers 49 Forex pairs to trade.

Toplist Forex Pairs

And what about Cryptocurrencies?

In this case, Swissquote offers 12 cryptocurrencies while Go Markets offers 10 cryptocurrencies. So if you want to trade cryptocurrencies, we advise trading with Swissquote.

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 Swissquote charges a withdrawal fee and Go Markets does not. Overall, Go Markets has better deposit and withdrawal processes than Swissquote. 

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 and Swissquote both have moderate educational support. Both Go Markets and Swissquote offer educational support for more experienced traders.

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Beginner Course
Advanced Course
Go Markets


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 Swissquote and that both Go Markets and Swissquote offer frequent webinars.

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Economic Calendar
Trading Central
Trading View
Free VPS
Go Markets


Our overall Verdict on Go Markets

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 0.00 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 Swissquote

A well-regulated broker, Swissquote is a good choice for experienced traders looking for excellent trading tools, a broad range of tradable assets, and flexible trading conditions on the Metatrader platforms. However, Swissquote's initial and ongoing trading costs are significantly higher than the industry average. 

Part of a larger Swiss banking group, Swissquote offers a range of non-brokerage financial services and is subject to considerably tighter regulation than most brokers. It offers trading on numerous assets, including indices, commodities, bonds, vanilla options, cryptocurrencies, metals, share CFDs, and over 130 Forex pairs - one of the largest sets in the industry.

Because Swissquote targets professional traders, minimum deposits are high, starting at 1000 USD on its entry-level account with spreads of 1.30 pips on the EUR/USD. Minimum deposits escalate quickly, with the Prime Account requiring a minimum deposit of 50,000 USD but still featuring relatively high ongoing trading costs. With higher trading volumes, traders can access the Professional Account, with bespoke trading conditions.

Swissquotes offers a broad range of trading platforms, including MT4, MT5, and its proprietary platform, Advanced Trader. It also provides free access to an excellent selection of trading tools, including Autochartist, Metatrader Master Edition, Trading View, and Trading Central. Most other brokers charge a premium for using these tools, which may justify why the minimum deposits on Swissquote's accounts are so high.  

Apart from the high trading costs, another drawback is the quality of Swissquote's customer service, which is rarely available on live chat or email.

Which broker has the highest overall rating?

Go Markets has an overall rating of 4.54 and Swissquote has an overall rating of 4.00. For more detail please read our reviews of Go Markets and Swissquote.

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