Go Markets
Westpac
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Overview
Go Markets was founded in 2009 and is headquartered in Australia, while Westpac was established in 2008 and is based in Austrailia. Go Markets holds licences including Australian Securities and Investment Commission (ASIC), while Westpac is regulated by Financial Conduct Authority (FCA) among others. Go Markets serves 10,000+ clients worldwide; Westpac has 10,000+. The minimum deposit is $1 at Go Markets and $50 at Westpac.
| Feature | Go Markets | Westpac |
|---|---|---|
| Min. Deposit | $1 | $50 |
| Regulation | Australian Securities and Investment Commission (ASIC) | Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA) |
| Founded | 2009 | 2008 |
| Country | Australia | Austrailia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Go Markets and Westpac, directly affecting your bottom line as a trader. Go Markets has a lower barrier to entry with a minimum deposit of $1 (vs $50 at Westpac). Go Markets charges withdrawal fees while Westpac does not, a notable advantage for frequent withdrawers. Westpac charges deposit fees; Go Markets does not. The two brokers are broadly comparable on fee structure.
| Feature | Go Markets | Westpac |
|---|---|---|
| Min. Deposit | $1 | $50 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
Go Markets offers MT5, cTrader, while Westpac supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. Westpac edges ahead on platform breadth and functionality in our scoring.
| Feature | Go Markets | Westpac |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Web Trader, Binary, Tablet & Mobile apps | Desktop,Mac,iPhone,Android,WEB |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Go Markets and Westpac compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. The two brokers are evenly matched on educational content.
| Feature | Go Markets | Westpac |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Go Markets accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Westpac supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Go Markets | Westpac |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Go Markets and Westpac offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | Go Markets | Westpac |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |