BlackBull Markets and GO Markets offer MT4 and MT5 with tight STP spreads. BlackBull Markets stands out with a broader product range, while GO Markets excels in low commissions in forex trading. In this review, BlackBull Markets takes the lead.
Our broker reviews are reader supported and we may receive payment when you click on a partner site. For more information, visit our About Us page.
Our full comparison covers the 10 most important trading factors. Here are five noticeable differences between BlackBull Markets and GO Markets:
BlackBull Markets and GO Markets are reputable forex brokers offering competitive trading conditions. BlackBull Markets excels in product range and leverage options, while GO Markets stands out with lower commissions and tighter spreads. Both brokers provide robust trading platforms like MT4 and MT5, catering to diverse trading styles.
BlackBull Markets and GO Markets offer competitive spreads, catering to traders seeking cost-efficient trading. BlackBull Markets demonstrates consistent spreads across pairs like GBP.USD (1.4) and AUD.USD (1.2), providing stability. However, GO Markets offers tighter spreads for EUR/USD (1.0) and AUD/USD (1.0), closer to industry averages. This makes GO Markets a potentially more cost-effective choice for spread-conscious traders. Despite this, the choice ultimately depends on individual trading preferences-whether one values stability or tighter spreads in specific pairs.
| Standard Account | BlackBull Markets Spreads | GO Markets Spreads | Industry Spreads |
|---|---|---|---|
| Overall Average | 1.5 | 1.19 | 1.6 |
| EUR/USD | 1.1 | 1 | 1.2 |
| USD/JPY | 1.4 | 1 | 1.4 |
| GBP/USD | 1.4 | 1.3 | 1.6 |
| AUD/USD | 1.2 | 1 | 1.5 |
| USD/CAD | 1.4 | 1.1 | 1.8 |
| EUR/GBP | 1.7 | 1.2 | 1.5 |
| EUR/JPY | 1.8 | 1.4 | 1.9 |
| AUD/JPY | 2 | 1.5 | 2.1 |
When it comes to commissions, GO Markets takes the lead with lower rates. Charging $2.50 per lot (USD base), GO Markets presents an edge over BlackBull Markets’ $3.00 per lot. This difference, while seemingly minor, adds up significantly for high-frequency traders. For international traders, GO Markets further diversifies commission options with rates available in EUR (€2.00) and GBP (£2.00), enhancing its appeal to a broader market. In contrast, BlackBull Markets sticks to a standard rate, aligning with industry norms but lacking the variety GO Markets offers.
| USD | AUD | GBP | EUR | |
|---|---|---|---|---|
| BlackBull Markets | $3.00 | N/A | N/A | N/A |
| Go Markets | $2.50 | $3.00 | £2.00 | €2.00 |
Both shine in cost-efficiency, as neither charges inactivity fees or withdrawal fees, a boon for traders prioritising flexibility. BlackBull Markets boasts a $0 minimum deposit, making it accessible to beginners. Meanwhile, GO Markets requires a $200 minimum deposit, appealing to those with more capital. BlackBull Markets’ no-barrier entry is great for new traders, while GO Markets balances its higher entry point with robust features, ensuring a solid foundation for serious traders.
|
Standard Account Spreads
|
|||||
|---|---|---|---|---|---|
|
1.10 | 1.20 | 1.50 | 1.40 | 1.40 |
|
1.00 | 1.00 | 1.20 | 1.30 | 1.00 |
|
1.13 | 1.01 | 1.71 | 1.66 | 1.12 |
|
1.20 | 0.90 | 1.50 | 1.80 | 1.80 |
|
1.20 | 1.40 | 1.50 | 1.60 | 1.50 |
|
1.10 | 1.20 | 1.30 | 1.30 | 1.30 |
|
1.20 | 1.80 | 1.90 | 1.90 | 1.60 |
|
1.32 | 1.95 | 1.37 | 1.70 | 1.40 |
Avg. spreads are taken from each broker's website and updated monthly. Last update on 04/01/2025
GO Markets edges ahead with its cost-effective spreads and commissions, making it ideal for budget-conscious traders. However, BlackBull Markets’ extensive product offerings and leverage options cater to those seeking variety and flexibility. Both empower traders with advanced tools and platforms for an enhanced trading experience.
Our Lowest Spreads and Fees Verdict
GO Markets is the optimal solution in this area due to their lowest spreads and fees.
GO Markets ReviewVisit GO Markets
*Your capital is at risk ‘72% of retail CFD accounts lose money’
BlackBull Markets and GO Markets are neck and neck when it comes to trading platforms. Both provide industry-leading tools like MetaTrader 4 and 5, appealing to a broad spectrum of traders. However, BlackBull Markets pulls ahead with additional offerings like TradingView and free VPS services, which cater to high-volume and tech-savvy traders. GO Markets, on the other hand, remains competitive with robust platform support and strong copy trading integrations.
| Trading Platform | BlackBull Markets | GO Markets |
|---|---|---|
| MetaTrader 4 | Yes | Yes |
| MetaTrader 5 | Yes | Yes |
| cTrader | Yes | Yes |
| TradingView | Yes | Yes |
| Copy Trading | Yes | Yes |
| Proprietary Platform | Yes | Yes |
We have created a software questionnaire if you are unsure what platform best suits your trading style. Based on six simple questions, we can recommend the best trading software for your trading needs.
Both support MetaTrader 4 and 5, enabling access to advanced charting, Expert Advisors (EAs), and a global online community. This ensures flexibility and support for novice and seasoned traders alike.
BlackBull Markets leads with diverse platforms and free VPS, ideal for advanced traders. GO Markets offers reliable tools for those seeking streamlined, cost-effective options. Both provide strong platforms for all trader levels.
BlackBull Markets shines by adding TradingView to its mix, which enhances charting possibilities. Both support cTrader, a favourite among professional traders, though BlackBull Markets edges ahead with its free VPS service for qualifying accounts.
BlackBull Markets offers extensive options, including ZuluTrader, Myfxbook, BlackBull Social, and MetaTrader Signals, empowering users to follow successful strategies. GO markets focus on Myfxbook and MetaTrader Signals, ensuring solid but slightly limited choices.
We have developed a software questionnaire to help identify the best trading platform for your style. Based on six simple questions, we can recommend the best trading software for your trading needs.
Our Better Trading Platform Verdict
BlackBull Markets shines in this segment due to their better trading platform.
BlackBull Markets and GO Markets both cater to diverse trading needs with their range of account types. BlackBull Markets shines by offering three distinct accounts:
These accounts target all levels, from beginners to high-volume traders. GO markets, on the other hand, provide:
These accounts focus on affordability and efficiency. Bother appeal to active traders, though BlackBull Markets sets itself apart with its Swap-Free account option, which adds flexibility for traders with specific account requirements.
BlackBull Markets distinguishes itself with its Institutional account, tailored for high-volume retail traders seeking reduced costs and premium features. The Prime account bridges affordability and quality, offering low spreads with a commission. In comparison, GO Markets’ GO Plus+ account stands out for its low commission structure, giving traders cost-effective entry into forex markets. Both meet the needs of active traders, but BlackBull Markets’ additional Swap-Free account highlights its broader inclusivity, accommodating traders across various trading philosophies and religious considerations.
The Standard account is commission-free with higher spreads, while the GO Plus+ account offers lower spreads with a commission charge.
| Blackbull Markets | GO Markets | |
|---|---|---|
| Standard Account | Yes | Yes |
| Raw Account | Yes | Yes |
| Swap Free Account | Yes | No |
| Active Traders | Yes | Yes |
| Spread Betting (UK) | No | No |
BlackBull Markets takes the lead in this segment by presenting superior account features, including its Institutional and Swap-Free accounts, which set it apart from its competition. GO Markets continues to be a solid choice with its GO Plus+_ account, ideal for cost-conscious traders. Both deliver well-rounded features, but BlackBull Markets’ diverse account options make it a stronger contender, ensuring its relevance across different trading profiles in the forex market.
Our Superior Accounts and Features Verdict
BlackBull Markets outperforms in this level of expertise due to their superior account and features.
BlackBull Markets and GO Markets pride themselves on offering No Dealing Desk (NDD) trading, ensuring that traders receive prices directly from liquidity providers without conflicts of interest. BlackBull Markets outshines with exceptional execution speeds of 72ms for limit orders and 90ms for market orders, ranking it at the top globally. Meanwhile, GO Markets, while slightly slower at 144ms (limit orders) and 145ms (market orders), still provides reliable performance for traders seeking a seamless trading experience.
BlackBull Markets achieved the fastest execution speeds, recording 72 ms for limit orders and 90 ms for market orders. However, after testing both platforms, it was found that GO Markets offers better execution speeds with 144 ms for limit orders and 145 ms for market orders.
| Limit Order Speed | Limit Order Global Rank | Market Order Speed | Market Order Global Rank | |
|---|---|---|---|---|
| BlackBull Markets | 72ms | 1/36 | 90ms | 5/36 |
| Go Markets | 144ms | 20/36 | 145ms | 20/36 |
With BlackBull Markets’ superior execution speeds, traders benefit from quicker order fulfilment, which is particularly crucial in volatile forex markets. Its global rank in limit and market order speed ensures a competitive edge for those who rely on precision and timing. GO Markets, though slower in comparison, ensure efficiency with its NDD trading setup, which still guarantees no price interference. Both contribute positively to the trading industry by offering platforms that align with traders’ need for transparency and fair pricing, making forex trading more accessible and reliable for all.
While BlackBull Markets takes the lead with its unrivalled execution speed, giving traders a definite advantage in timing-critical trades, GO Markets remains a trustworthy contender. Its NDD approach and dependable performance still allow for ease of trading, especially for those who value simplicity and reliability over speed. Both excel in providing a user-friendly environment, enhancing the trading experience and attracting traders across all levels in the forex industry.
Our Best Trading Experience and Ease Verdict
GO Markets ranks highest in this niche owing to their best trading experience and ease.
GO Markets ReviewVisit GO Markets
*Your capital is at risk ‘72% of retail CFD accounts lose money’
When comparing trust and regulation, GO Markets emerges as a strong competitor with oversight by prominent regulatory bodies like ASIC (Australia) and CySEC (Cyprus), alongside FSC-M (Mauritius). Meanwhile, BlackBull Markets is regulated by FMS (New Zealand) and FSA-S (Seychelles). GO Markets holds a higher trust score of 59, supported by its strong reputation of 80, while BlackBull Markets follows with a score of 50. These trust scores illustrate how both brokers cater to regulatory reliability, but GO Markets has the edge in this segment.
It’s a neck-to-neck trust score for both in this segment. It is quite impressive due to having high numbers. But let us see how they both fare from the rest of their feature and platforms available.
GO Markets Trust Score
GO Markets’ association with Tier 1 regulatory bodies ensures enhanced trader protection and adherence to stricter compliance standards. ASIC and CySEC are globally recognised as robust financial regulators, boosting GO Markets’ credibility in the forex industry. BlackBull Markets, on the other hand, maintains solid stranding through the FMA and FSA-S, especially valuable for traders seeking reliability in the New Zealand and offshore trading markets. GO Markets’ strong reputation is emphasised by positive reviews, and regulation, making it an attractive option for traders requiring stringent oversight.
| Blackbull Markets | GO Markets | |
|---|---|---|
| Tier 1 Regulation | FMA (New Zealand) | ASIC (Australia) CYSEC (Cyprus) |
| Tier 2 Regulation | ||
| Tier 3 Regulation | FSA-S (Seychelles) | FSA-S (Seychelles) FSC-M (Mauritius) |
GO Markets leads in trust, and regulation, thanks to its affiliation with prestigious Tier 1 regulators, providing confidence and security to its clientele. BlackBull Markets remains a commendable choice, offering consistent oversight with Tier 1 and Tier 3 regulators, especially for those focusing on niche markets. Both strengthen their positions in the forex industry by prioritising trader trust, yet GO markets’ broader regulatory reach and higher trust score make it the standout option in this regard.
Our Stronger Trust and Regulation Verdict
GO Markets excels in this field thanks to their stronger trust and regulation.
GO Markets ReviewVisit GO Markets
*Your capital is at risk ‘72% of retail CFD accounts lose money’
BlackBull Markets and GO Markets excel in delivering a rich variety of trading products and CFD Markets. BlackBull Markets takes the lead in Forex Pairs, offering 55 pairs compared to GO Markets’ 47, alongside an impressive Share CFD count of over 2,000. Meanwhile, GO Markets stands out for its broader Indices CFD options, offering 16 indices against BlackBull Markets 12. The variety in commodity CFDs also positions BlackBull Markets competitively yet GO Markets shines with its unique inclusion of Bonds and Treasuries, which BlackBull Markets lacks, showcasing their focus on diversification.
BlackBull Markets offers a competitive edge in Forex Pairs and Shares CFDs, appealing to traders with specialised interests in these areas. Its Futures CFDs further bolster its offerings, allowing traders to explore market trends long-term. On the other hand, GO Markets emphasises diversification with Bonds, Treasuries, and a wider range of Indices CFDs, catering to traders seeking varied investment opportunities. Both brokers include Cryptocurrencies and Commodities CFDs, yet GO Markets’ additional niche products like Treasuries add further appeal, ensuring its relevance to traders with broader strategic goals.
When it comes to the range of products and CFD markets, BlackBull Markets and GO Markets have diverse features. To showcase the range of CFDs, products, and markets available for each broker, here’s a list to compare these features:
| CFDs | BlackBull Markets | Go Markets |
|---|---|---|
| Forex Pairs | 55 | 47 |
| Indices | 12 | 16 |
| Commodities | 10 Metals 3 Energies 7 Soft Commodities 9 Hard Commodities | 3 Metals 5 Energies 2 Softs |
| Cryptocurrencies | 16 | 14 |
| Share CFDs | 2,000+ | 1190+ |
| ETFs | No | No |
| Bonds | No | 5 |
| Futures | Futures 22 | No |
| Treasuries | No | 5 |
| Investments | Yes 26,000 | No |
GO Markets emerges as the leader in terms of product range and CFD diversity, thanks to its inclusion of Bonds and Treasuries and extensive Indices options. BlackBull Markets, while dominant in Forex pairs and Share CFDs, cater to those who prefer traditional and specific market types. Both brokers provide valuable platforms for traders, yet GO Markets’ broader product diversity makes it a compelling choice for those seeking innovative and varied investment opportunities in the forex market.
Our Top Product Range and CFD Markets Verdict
GO Markets rides high in this segment thanks to their top product range and CFD markets.
GO Markets ReviewVisit GO Markets
*Your capital is at risk ‘72% of retail CFD accounts lose money’
BlackBull Markets and GO Markets commit to trader education, offering valuable resources to help traders refine their skills. BlackBull Markets excels with regular webinars, an extensive range of e-books, and personalised tutorials, whereas GO Markets focuses on structured trading courses and occasional webinars. Both brokers provide daily market analysis and demo accounts, ensuring traders stay informed and have ample opportunities to practice their strategies.
BlackBull Markets stands out for the depth of its educational offerings, catering to traders seeking diverse learning materials such as comprehensive e-books and frequent webinars. This tailored approach empowers traders to develop their skills at their own pace. GO Markets, on the other hand, emphasises structured courses, ideal for traders who prefer a systematic learning path. While both offer tutorials and market analysis, BlackBull Markets’ broader variety of content adds a layer of flexibility that many traders find advantageous.
We give you a comparative list of the educational resources each broker offers:
BlackBull Markets leads the pack in educational resources by delivering a more varied and personalised suite of content, making it an excellent choice for traders prioritising knowledge enhancement. GO Markets complements the educational landscape with its structured courses, appealing to those seeking a guided approach. These brokers elevate trader education, though BlackBull Markets’ extensive resources give it an edge in the forex trading industry.
Our Superior Educational Resources Verdict
BlackBull Markets tops the charts in this portion due to its superior educational resources.
BlackBull Markets and GO Markets deliver responsive customer support to assist traders with inquiries. BlackBull Markets leads with 24/6 live chat, email, and phone support, showcasing a well-rounded and accessible service structure. Its knowledgeable staff and extensive FAQ section create an effective support network. Meanwhile, GO Markets maintains solid customer service with 24/5 live chat, email, and phone assistance, paired with its robust FAQ section. Both excel at guiding traders, but BlackBull Markets’ extended hours and personalised approach give it an edge.
Blackbull Markets excels in providing personalised and responsive service regarding customer support. You can reach out to the support team 24/6 via live chat, email, or phone.
BlackBull Markets distinguishes itself through prompt and knowledgeable responses, ensuring traders receive personalised assistance tailored to their unique needs. Its live support, coupled with an informative FAQ section, ensures a smooth experience for traders of all levels. GO Markets, while offering a similarly comprehensive support system, operates fewer hours but maintains high standards of professionalism and efficiency. With multilingual support, both emphasise accessibility and clarity in communication, empowering traders with essential resources to navigate forex trading confidently.
BlackBull Markets leads in customer service, offering extended support hours and tailored assistance that cater to diverse trading requirements. GO Markets holds its ground with efficient and friendly support but is slightly limited by its 24/5 schedule. Both contribute positively to the forex industry by prioritising trader satisfaction and accessibility. BlackBull Markets’ superior service depth makes it a standout choice for traders seeking exceptional support.
| Feature | BlackBull Markets | Go Markets |
|---|---|---|
| Live Chat Support | Yes | Yes |
| Email Support | Yes | Yes |
| Phone Support | Yes | Yes |
| Support Hours | 24/6 | 24/5 |
| Multilingual Support | Yes | Yes |
Our Superior Customer Service Verdict
BlackBull Markets ranks highest in this category owing to their superior customer service.
BlackBull Markets and GO Markets cater to traders with versatile funding options, ensuring flexibility in managing deposits and withdrawals. BlackBull Markets leads in diversity, offering methods like Bank Wire, Credit Card, Skrill, Neteller, and FasaPay, along with support for PayPal and digital wallets. GO Markets, while dependable, has a narrower focus, featuring Bank Wire, Credit Card, Skrill, and POLi/bPay. Both acknowledge the importance of seamless transactions, though BlackBull Markets’s broader variety provides an advantage for traders seeking convenience.
With its extensive range, BlackBull Markets ensures traders can choose from numerous funding methods, including less common ones like FassaPay and PayPal. This variety is helpful for traders across different regions who require tailored options to suit their preferences. GO Markets, while offering fewer choices, emphasises simplicity with reliable options l like Skrill and POLi/BPay, making it a solid pick for traders comfortable with traditional methods. Both include secure and efficient platforms for deposit and withdrawal, but BlackBull Markets’ inclusion of crypto and digital wallets enhances its appeal to modern traders.
Below is a table that showcases the funding options available for each broker:
| Funding Methods | BlackBull Markets | Go Markets |
|---|---|---|
| Visa/MasterCard | Yes | Yes |
| Wire Transfer | Yes | Yes |
| PayPal | Yes | No |
| Neteller | Yes | Yes |
| Skrill | Yes | Yes |
| Rapid Pay | No | No |
| POLi/bPay | Yes | Yes |
| Klarna | No | No |
| FasaPay | Yes | No |
| UnionPay | No | No |
| Other methods (Crypto, digital wallets, cheque) | Yes | Yes |
BlackBull Markets leads with its superior range of funding methods, accommodating traders who value diversity and convenience in payment options. BO Markets remains a strong contender with its straightforward and dependable offerings. Both prioritise trader satisfaction, but BlackBull Markets’ broader scope makes it the more versatile choice for handling transactions efficiently in the forex trading industry.
Our Better Funding Options Verdict
BlackBull Markets excels in this niche on account of its better funding options.
BlackBull Markets and GO Markets provide beginner-friendly entry points with their standard accounts, offering $0 minimum deposits. This approach allows traders to explore the forex market without significant initial capital. While GO Markets maintains a consistent $200 recommended deposit across account types, BlackBull Markets sets higher deposit requirements for its Prime and Institutional accounts, which are tailored for traders seeking advanced features and benefits. Both prioritise accessibility for new traders while catering to diverse trading needs.
For beginners, the $0 minimum deposit for standard accounts from brokers stands out as an inclusive feature, enabling a low-risk introduction to forex trading. BlackBull Markets extends its offerings with Prime and Institutional accounts, designed for experienced traders willing to invest more for enhanced benefits such as tighter spreads and advanced tools. GO Markets, in contrast, keeps its structure straightforward with a $200 recommended deposit, aligning with a more uniform approach to cater to novice and intermediate traders. This balance ensures traders have the flexibility to scale up as their trading journey progresses.
Below is a table that showcases the minimum deposit amounts for each broker:
| Minimum Deposit | Recommended Deposit | |
| BlackBull Markets | $0 | $500 |
| Go Markets | $200 | $200 |
In this section for lower minimum deposits, BlackBull Markets and GO Markets are tied as leaders, ensuring accessibility for beginners while accommodating advanced traders. BlackBull Markets appeals to those looking for scalable account options with additional features, while GO Markets provides a dependable and consistent structure. This tie highlights their shared commitment to supporting traders across all experience levels, solidifying their appeal in the forex trading industry.
Our Lower Minimum Deposit Verdict
It’s a draw for both BlackBull Markets and GO Markets in this portion due to their lower minimum deposit.
GO Markets ReviewVisit GO Markets
*Your capital is at risk ‘72% of retail CFD accounts lose money’
Traders value stable trading platform and funding option, better accounts and feature, and strong education resources as well as customer service, BlackBull Markets dominates this field because it excels in a majority of the aforementioned key areas. The table below summarises the key information leading to this verdict:
| Criteria | BlackBull Markets | Go Markets |
|---|---|---|
| Lowest Spreads And Fees | No | Yes |
| Better Trading Platform | Yes | No |
| Superior Accounts And Features | Yes | No |
| Best Trading Experience And Ease | No | Yes |
| Stronger Trust And Regulation | No | Yes |
| Top Product Range And CFD Markets | No | Yes |
| Superior Educational Resources | Yes | No |
| Superior Customer Service | Yes | No |
| Better Funding Options | Yes | No |
| Lower Minimum Deposit | Yes | Yes |
More suited for beginner traders are BlackBull Markets’ comprehensive range of educational resources compared to a more user-friendly platform and competitive spreads for GO Markets.
BlackBull Markets offers advanced trading features, a wider range of account types, and superior customer service, making it the preferred choice for experienced traders.
With the vital information we have provided, the choice is now left to traders—whether beginners or professionals—to decide where they feel most comfortable and inclined to trade.
GO Markets generally offers lower costs compared to BlackBull Markets. They have been recognised for their competitive spreads and low commission rates. For traders keen on saving on trading costs, every pip counts. You can find more detailed information on brokers with the lowest spreads on our Lowest Commission Brokers page.
Both GO Markets and BlackBull Markets offer MetaTrader 4, a popular trading platform among forex traders. However, the user experience, additional tools, and plugins might vary between the two brokers. For a comprehensive list of the best MT4 brokers, check out our best MT4 brokers guide.
BlackBull Markets offers social trading options, allowing traders to follow and copy the trades of professionals. Social trading has gained popularity as it provides an opportunity for less experienced traders to benefit from the strategies of seasoned traders. If you’re interested in exploring more about this, our best social trading platforms guide provides a detailed overview.
Neither GO Markets nor BlackBull Markets offer spread betting. Spread betting is a unique form of trading popular in the UK, allowing traders to bet on the direction of a financial market without owning the underlying asset. For those interested in spread betting, you can explore the best spread betting brokers in the UK.
In my opinion, GO Markets is superior for Australian forex traders. Founded in Australia, GO Markets is ASIC-regulated, ensuring a high level of trust and security for traders. BlackBull Markets, on the other hand, is based overseas. Being an Australian myself, I value brokers who understand the local market dynamics and regulatory environment. For a comprehensive list of top brokers in Australia, you can visit our Best Forex Brokers In Australia guide.
For UK traders, I believe BlackBull Markets is the superior choice. While neither broker is founded in the UK, BlackBull Markets is FCA-regulated, ensuring they adhere to the stringent regulations set by the UK’s financial authority. This regulation provides an added layer of security and trust for UK traders. For those in the UK looking for the best trading platforms and brokers, our Best Forex Brokers In UK guide offers a detailed overview.
No commission account spread propiety testing data and published wesbite spread information, centralised on our Standard Account Spreads page.
Ask an Expert