Firstrade vs GO Markets - BrokerCue
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Broker Comparison

Firstrade vs GO Markets

Compare Firstrade and GO Markets side by side: fees, regulation, platforms.

Firstrade

Firstrade

Cost-conscious US stock, ETF and options traders

Firstrade is a US online broker with $0 online trades for stocks, ETFs, options and mutual funds, plus mobileโ€ฆ

VS
GO Markets

GO Markets

Active forex and CFD traders

GO Markets is an Australian CFD and forex broker founded in 2006, offering 1,800+ instruments across MT4, MT5โ€ฆ

Head-to-head comparison

Firstrade vs GO Markets
Feature Firstrade GO Markets
Minimum deposit $0 -
Stock trading fee $0 commission -
Regulators FINRA ASIC, CySEC, FSC, FSA
Best for Cost-conscious US stock, ETF and options traders Active forex and CFD traders
Markets & account
Stocks
ETFs
Forex
-
CFDs
-
Crypto
-
Bonds
Options
-
Futures
-
Funds
-
Margin
Investment Plans
-
Multi Currency
-
Demo Account
-

Pros & cons

Firstrade

Firstrade

Pros

  • $0 online trades for stocks, ETFs, options and mutual funds
  • $0 options contract, exercise and assignment fees
  • No deposit minimum and no inactivity fees
  • Overnight trading from 8 PM to 4 AM ET on 1,200+ securities
  • Options Wizard includes 40+ strategies and P&L simulations
  • ACATS transfer fee rebate up to $250 on qualifying transfers
  • Excess protection can raise coverage to $37.5 million per customer

Cons

  • Broker-assisted stock and ETF trades cost $19.95
  • Broker-assisted options cost $19.95+$0.50/contract
  • Mutual fund shares sold within 90 days can cost $19.95
  • Redemptions below $500 can incur a $19.95 fee
  • Primary Market CDs cost $30
  • Overnight trades must use limit orders only
  • ACH transfers require a U.S. financial institution
GO Markets

GO Markets

Pros

  • Regulated by ASIC and CySEC, two Tier-1 regulators
  • No deposit, withdrawal, or inactivity fees
  • Choice of MetaTrader 4, MetaTrader 5, cTrader, and TradingView
  • GO Plus+ account offers raw spreads from 0.0 pips
  • 1,800+ tradable instruments including 1,000+ share CFDs added in 2024
  • Free VPS hosting for qualifying active traders
  • Demo account with USD 50,000 virtual funds available
  • Copy trading via MetaTrader and cTrader supported

Cons

  • No real stock ownership - all equities are CFDs
  • Standard account spreads can be wider than raw-spread competitors
  • cTrader and TradingView restricted to Australian clients only
  • TradingView requires a live account to access demo
  • No Islamic (swap-free) account option
  • Limited product range for non-leveraged long-term investing
  • UK FCA authorisation was revoked in February 2023
Firstrade

Firstrade

Firstrade is a US online broker with $0 online trades for stocks, ETFs, options and mutual funds, plus mobile apps and overnight stock and ETF trading.

Your capital is at risk. Other fees apply.

GO Markets

GO Markets

GO Markets is an Australian CFD and forex broker founded in 2006, offering 1,800+ instruments across MT4, MT5, cTrader, TradingView, and the proprietary GO TradeX platform.

Your capital is at risk. Other fees apply.

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