GO Markets Alternative: Why Traders Switch to LHFX

GO Markets is an Australian ASIC-regulated broker with MT4, MT5, cTrader and TradingView. It does not support crypto funding and its GO Plus+ minimum is AU$200, so LHFX is the lower-cost entry point.

$3 per side commission, $10 minimum deposit, 1:500 leverage, and crypto withdrawals typically under 20 minutes. See the full breakdown below.

Quick Comparison

LHFX vs GO Markets at a glance.

LHFX vs GO Markets: commission, minimum deposit, spreads, leverage, platforms, instruments, execution, regulation, withdrawal speed and swap-free accounts
FeatureLHFXGO Markets
Commission$3 per side ($6 round trip)AU$3 per side on GO Plus+, AU$0 on Standard
Minimum Deposit$10AU$200 (Standard and GO Plus+), $10 USD (Micro)
SpreadsFrom 0.0 pipsFrom 0.0 pips (GO Plus+), from 0.8 pips (Standard)
LeverageUp to 1:500Up to 1:500 (offshore Micro), 1:30 (ASIC/CySEC)
PlatformsMetaTrader 5MT4, MT5, cTrader, TradingView, GO TradeX
Instruments144 across forex, indices, commodities, crypto, stocksAround 370 including 300+ stock CFDs
ExecutionSTP/ECNSTP/ECN
RegulationFSC Mauritius (GB23202204), FSCA South Africa (FSP 52816)ASIC (Australia), CySEC (Cyprus), FSC Mauritius
Crypto Deposits/WithdrawalsBTC, ETH, USDT and more, payouts typically under 20 minutesNot available
Islamic AccountYes, swap-free with holding fee after grace periodYes, swap-free Islamic account available

Where LHFX Wins

The areas where LHFX offers a clear advantage over GO Markets.

01

Lower minimum for raw spreads

LHFX opens at $10 with raw spreads and STP/ECN execution. GO Markets requires AU$200 (around $130 USD) for the GO Plus+ raw-spread account.

02

Crypto funding supported

LHFX accepts BTC, ETH, USDT and more for deposits and withdrawals. GO Markets explicitly does not support crypto funding.

03

1:500 across the account

LHFX offers up to 1:500 leverage on its main account. GO Markets clients under ASIC or CySEC are capped at 1:30; 1:500 is only on the offshore Micro account.

04

Payouts typically under 20 minutes

Crypto withdrawals typically take under 20 minutes at LHFX through automated processing. GO Markets relies on bank transfer and card refunds, which typically take 1 to 3 business days.

05

One account instead of four

LHFX has one account type with one commission. GO Markets splits across Standard, GO Plus+, Micro and GO Professional with different minimums, platforms and leverage.

Where GO Markets Wins

GO Markets has genuine strengths. Here is where they come out ahead.

300+ share CFDs

GO Markets lists around 370 total instruments including 300+ stock CFDs. LHFX covers 144 instruments concentrated on FX, indices, commodities and crypto.

Wider platform range

MT4, MT5, cTrader, TradingView and their own GO TradeX. LHFX is MT5 only.

ASIC and CySEC

GO Markets holds ASIC (Australia) and CySEC (Cyprus) licences for its core entities. LHFX is regulated by FSC Mauritius and FSCA South Africa.

Founded in 2006

GO Markets has been trading since 2006, with two decades of operating history. A longer track record matters to some traders.

Who Should Choose LHFX

  • You want raw spreads from $10, not AU$200
  • You want to fund and withdraw in crypto
  • You want 1:500 leverage on a single primary account, not just on the Micro tier
  • You want a withdrawal time typically under 20 minutes
  • You prefer one account with one commission, not four account types
Open an LHFX Account

Who Should Stick with GO Markets

  • You specifically want ASIC Australian regulation
  • You want 300+ individual stock CFDs
  • You want cTrader or TradingView alongside MT4/MT5
  • You are based in Australia and prefer a domestic broker
  • You value a 20-year operating track record

Making the Switch

Moving from GO Markets to LHFX takes minutes, not days.

1

Open an LHFX Account

$10 minimum deposit. Registration takes about 2 minutes.

2

Verify Your Identity

Upload a government-issued ID. Most verifications complete within a few hours.

3

Fund and Start Trading

Deposit via crypto or card and place your first trade on MT5 or LHFX Trade.

Frequently Asked Questions

Is LHFX cheaper than GO Markets?

On entry cost, yes. LHFX gives raw spreads from $10. GO Markets needs AU$200 (around $130 USD) for GO Plus+, the only account with raw spreads. On commission, $3 per side at LHFX compares to AU$3 per side at GO Plus+, which is roughly the same after FX conversion.

Does GO Markets support crypto deposits?

No. GO Markets explicitly does not support crypto deposits or withdrawals. LHFX accepts BTC, ETH, USDT and more, with payouts typically under 20 minutes through automated processing.

Which is more regulated, LHFX or GO Markets?

GO Markets holds ASIC (Australia) and CySEC (Cyprus) licences for its main entities, plus FSC Mauritius for its offshore arm. LHFX is regulated by the FSC Mauritius (Longhorn Ltd, GB23202204) and the FSCA South Africa (LHFX SA Pty Ltd, FSP 52816). GO Markets has ASIC and CySEC; LHFX has FSCA, which is locally important if you trade from South Africa.

Does GO Markets offer MT5?

Yes. GO Markets supports MT4, MT5, cTrader (added 2024), TradingView and their own GO TradeX. LHFX runs MetaTrader 5 only as a direct MetaQuotes licensee.

Can I get 1:500 leverage at GO Markets?

Only on the offshore Micro account, which has a $10 USD minimum but limited features. On the Standard and GO Plus+ accounts under ASIC or CySEC, leverage is capped at 1:30. LHFX offers up to 1:500 across its main account.

Ready to Try LHFX?

$10 minimum deposit. $3 per side commission. Raw spreads from 0.0 pips. Crypto withdrawals typically under 20 minutes.