GO Markets Review 2024

1. What is GO Markets?
2. 55brokers Professional Insights
3. Regulation and Security Measures
4. Account Types and Benefits
5. Cost Structure and Fees
6. Trading Platforms and Tools
7. Trading Instruments
8. Deposit and Withdrawal Options
9. Customer Support and Responsiveness
10. Research and Education
11. Portfolio and Investment Opportunities
12. Account Opening
13. Additional Tools and Features
14. GO Markets Compared to Other Brokers
15. Full GO Markets Review

What is GO Markets?

GO Markets is an Australia-based Forex and CFDs broker founded in 2006. The broker provides 1000+ tradable CFD instruments including forex, shares, commodities, indices, metals, and treasuries. GO Markets is regulated by the ASIC in Australia, the CySEC in Cyprus, the FSC in Mauritius, and the FSA (Seychelles).

GO Markets is one of the first Australian MetaTrader 4 brokers, later on, it added MetaTrader 5, WebTrader, and mobile apps to its suite of services. The broker is well known for its strict compliance and competitive spreads.

Is GO Markets an ECN broker?

Yes, our research shows that GO Markets is a regulated broker that offers an ECN pricing model for trading execution with low trading fees.

GO Markets Pros and Cons

GO Markets is a well-known and respected broker that provides trading facilities with top-tier regulations and licenses. Our research showed that GO Markets provides quality trading conditions with the selection of platform, copy trading, social trading or auto-trading capabilities. There are excellent support, learning, and research tools. The broker also offers negative balance protection

As for the cons, we found that the main point is that the conditions are different in each entity. Another point is that the broker’s support is not available 24/7.

GO Markets Features

GO Markets as CFD Trading delivers a quality trading environment good for Forex Trading with great Instruments range including popular Asset and some unique proposals too. Below is a breakdown of the main features in 10 points GO Markets stands out for including range of Trading Platforms, Accounts, Trading Products, Fees, Various Tools etc.

GO Markets Features in 10 Points

Who is GO Markets For?

With Our findings Go Markets is suitable for traders looking for a powerful technological base and a good range of Platforms offered, beginning either experienced traders will find suitable conditions alike. Also, GOMarkets is good for International Trading and clients from various jurisdictions due to its multiple entities and regulations. With our  Financial Expert Opinion GO Markets is Good for:

• Beginning Traders
• Regular Traders
• Professional Traders
• Technical Trading
• Auto Trading
• Traders who prefer MT4 platforms
• Currency Trading and CFD Trading
• Running various Strategies
• EAs trading
• Social Trading
• Excellent Research

GO Markets Summary

Overall, our GO Markets broker review shows a straight trading process broker with numerous benefits and indeed a vast amount of excellent rewards received either from industry publications or worldwide traders. One of the main attractions is a good range of trading instruments, and recent trends with a bunch of Cryptocurrencies, while all instruments are traded with competitive pricing according to each of offered account types that are starting from 0.0 pips.

55brokers Professional Insights

GO Markets is a trustworthy, well-regulated broker known for quality and strong trading environment that we consider suitable for  new and traders with experience alike GO Markets offers a safe space for traders to operate in having several licenses from reputable agencies, with various account types either based on spread or commission various trading styles can find a match. Especially we regard commission account, it provides not only excellent quality ECN Trading environment but the commission are among lowest we review. Trading Conditions overall meet various trading styles and risk tolerance, and is one of its strongest suits at GO Markets either fits algorithmic traders looking for tighter spreads, or the Standard Account is appropriate for casual traders.

Furthermore noteworthy about GO Markets is their support of top trading platforms, including cTrader, MetaTrader 4, and MetaTrader 5 and range of excellent research tools provided including MT4 Genesis Traders who want a familiar and robust trading environment will find these platforms perfect since they are well-known for their user-friendly interfaces, sophisticated charting tools, and comprehensive customizing choices. Yet, especially for those just beginning out, the minimum deposit needed of $200 could be more than some traders would like, while in fact that might be the only drawback at the Broker since GO Markets is generally a great option for a variety of traders.

Consider Trading with GO Markets If:

Avoid Trading with GO Markets If:

Regulation and Security Measures

Score – 4.4/5

GO Markets Regulatory Overview

GO Markets broker is authorized to operate financial services under the top-tier Australian Financial Services Licence, known worldwide as ASIC. Besides, there is an additional European entity that operates under a CySEC license, therefore its proposals may vary according to regulations. 

The broker has its offices in Australia, Cyprus, Mauritius, Seychelles, and the SVG while bringing a regulated trading environment with relevant licenses in each jurisdiction and connected to advanced technologies allowing traders to develop strategies with all legal issues at place. 

How Safe is Trading with GO Markets?

Go markets risk management is maintained by various practices, among the considerations of hedging counterparties and clients’ funds segregation at top-tier banks, along with margin calls and fair usage policies. Likewise, European entities fall under ESMA regulatory requirements and obligations towards clients’ safety.

Also, being a fully authorized financial trading provider GO Markets adheres to strict protection of the client’s funds through segregation, and also fair conditions that are constantly monitored and audited.

Concluding in simple words it means that all tools and applicable set-ups provide a safe trading environment, according to regulatory requirements and numerous audit rules. As an OTC derivative provider, GO Markets is required to adhere to disclosure benchmarks set by its regulators, while in reverse the investors understand the risks and potential benefits.

Consistency and Clarity

GO Markets is a trustworthy option for traders since it shows a dedication to financial stability and transparency for the years Broker operates. Among several credible authorities also holding top-tier licenses GO Markets shows great level of consistency and operation standards. This control ensures that GO Markets follows strict criteria for operational integrity and client fund safety, thus building customer confidence.

Transparency-wise, GO Markets gives open details on its trading policies, including spreads, commissions, and leverage options. In addition, as we check real traders’ reviews most of them are in a positive tone marking the quality of services provided and no serious issues detected. Even though conditions indeed vary based on entity, alike top-tier Australia entities is way more regulated and safe compared to International trading, yet still conditions are overall transparent and good at Go Markets.

Account Types and Benefits

Score – 4.3/5

Which Account Types Are Available with GO Markets?

The broker offers two account types Standard and GO Plus Accounts with the flexibility to manage the trading way and choose the best fit. So there is an option between a Standard trading proposal based on spread charges suitable for all traders. And access to a true ECN environment available via GO Plus+ specifically designed for higher volume and EA traders with light-fast technology with fees mainly built in competitive commission charge.

In addition, the account can be opened in a few different currencies as a base one including AUD, USD, GBP, EUR, NZD, SGD, CHF, CAD, and HKD.

Regions Where GO Markets is Restricted

GO Markets implements some region restrictions largely due to regulatory guidelines and sanctions impacting specific jurisdictions. GO Markets refrains from providing services in these regions to remain compliant with international standards and under licenses the company operates. Additionally, terms of service may vary across different entities, and certain regions may not have access to open trading accounts.

GO Markets does not provide services in the following countries:

• United States
• Japan
• Iran
• North Korea
• Syria
• Afghanistan

Cost Structure and Fees

Score – 4.8/5

GO Markets Brokerage Fees

GO Markets pricing is  built based on the account type either into a spread on Standard account defines no commission bases, bringing spread only basis starting from0.8 pips and is the best match to start trading with no complications.

Further, the GO Plus Account is already a choice for advanced traders or those whose strategy requires commission basis, as spreads are interbank quotes from 0.0 pips and trading costs inbuilt in the commission of 2.5$ per side considered very competitive.

• GO Markets Spreads

The broker provides varying spreads depending on the type of the account. Whereas the GO Plus+ Account has spreads as low as 0.0 pips and applies commission charged for every standard lot, spreads for the Standard Account start at roughly 0.8 pips considered low among industry using a commission-based approach, this structure lets traders select between reduced spreads with a commission-based model or greater spreads free from commissions.

• GO Markets Commissions

Commissions for the GO Plus+ Account are fixed at $2.5 per side, which is among lowest commission we reveiw good forForex trades. By contrast, the Standard Account has broker fees built into spreads, including trade expenses but does not charge a commission. This adaptability lets traders choose an account type that fits their trading frequency and approach.

• GO Markets Rollover/ Swaps

Traders are advised that overnight holding of positions could result in these fees, which would affect general profitability. The broker gives transparency about these costs, therefore enabling traders to make informed decisions.

Depending on the interest rate differential between the currencies engaged in a trade, GO Markets applies swap rates or rollover for positions kept overnight, either positive or negative. Usually competitive, these rates allow traders to verify particular swap rates straight on their trading platform under the criteria for every instrument.

How Competitive Are GO Markets Fees?

Based on our testing comparison to other brokers, GO Markets fees are low for both accounts, but especially very low on commission based account since commission of 2.5$ per side is among lowest compared to other almost 500 Brokers based on our testing and compared to other brokers. Fees might be different based on entity offering, see our findings of fees and pricing in the table below, however, GO Markets’ overall fees are considered good. We found Forex spread average of 1 pips for EURUSD which is among low/average and spreads for other instruments are very attractive too. 

GO Markets Additional Fees

GO Markets is known for its competitive non-trading fees, making it an attractive option for traders, which mainly has fees as trading fees charging almost no additional commission, besides we find Broker offering Trading Rebates based on Volume

Here are the key aspects of additional fees:

Withdrawal Fee: GO Markets has no withdrawal fees. This lets traders see the whole amount deposited to their bank accounts since they can withdraw their money without paying further expenses.

Deposit Fee: Funding a GO Markets account counts as no deposit fees, the same as with withdrawals. By depositing their money, traders may guarantee that the total they submit is credited to their trading accounts free from hidden fees.

Inactivity Fee: For traders who do not trade regularly or who pause from trading, GO Markets does not charge an inactivity fee. This strategy lets users maintain open accounts free from charge, even during inactive times.

Currency Conversion Fee: Although GO Markets does not impose deposit or withdrawal fees, traders operating accounts in a currency other than their deposit or withdrawal money may be liable for a currency conversion cost. The exchange rate plus a margin from liquidity providers determines this cost.

Trading Platforms and Tools

Score – 4.6/5

MT4 and MT5 platforms are truly considered a Forex standard for traders around the globe indeed, thus GO Markets chose their mainstay as this technology but actually, MT4 may vary from one company to another since the broker can implement various extensions as well to provide better features. Also, GO Markets enlarged its offering and few years later of its operation included cTrader as its trading software too, therefore giving traders good choice of platforms to select from. 

Trading Platform Comparison to Other Brokers:

GO Markets Web Platform

So looking at the GO Markets platform we found its comprehensive and advanced edition, where various versions are supported and inbuilt. So you will find a Web Trading platform which is great to use on any device since it does not require installation, yet might be a bit less advanced with the tools.

Main Insights from Testing

GO Markets presents a strong web trading platform that improves user trading experience. Known for their user-friendly interfaces and sophisticated trading tools, MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are supported on this platform. 

The platform is fit for several trading methods, including scalping, as shown during testing fast order execution speeds and performance reliability. Some customers, however, complained of sporadic platform stability problems that can cause disturbances in trading operations, yet webtrading is always limited and less comprehensive compared to its desktop version. 

GO Markets Desktop MetaTrader 4 Platform

Traders especially like the GO Markets Desktop MetaTrader 4 (MT4) platform because of its various features and easy interface. MT4 proved strong during testing with fast order execution and dependable stability, which fit several trading strategies, including day trading, news trading or patters trading. By means of Expert Advisors (EAs), the platform facilitates automated trading, therefore enabling users to properly apply algorithmic techniques.

With further products like Genesis, which offers advanced order management and market analysis capabilities, GO Markets improves the MT4 experience. A wide spectrum of technical indicators and customized charting options helps traders to do in-depth market research. Moreover, the software improves social trading opportunities by allowing flawless interaction with MyFXbook for duplicate trading.

GO Markets Desktop MetaTrader 5 Platform

The GO Markets MetaTrader 5 (MT5) platform provides a potent and feature-rich trading environment for both new and seasoned traders. The platform showed outstanding performance during testing thanks to quick order execution speeds and an intuitive UI that supports effective trading.
GO Markets’ MT5 stands out mostly for its sophisticated charting tools, which incorporate 38 technical indicators and 21 timeframes. This lets traders make informed trading decisions and do thorough market research. By means of Expert Advisors (EAs), the platform also offers automated trading, therefore enabling users to apply algorithmic techniques properly.

MT5 also provides traders with real-time updates on significant market events from an integrated economic calendar. Six forms of pending orders and the hedging system of the platform improve trading position flexibility and control even further.

GO Markets cTrader

Also, GO Markets offers cTrader, a powerful and intuitive trading platform tailored for traders seeking an advanced experience beyond the basics. This platform is known and well regarded for its fast execution speeds, rich charting tools, and comprehensive range of order types, making it ideal for both beginner and professional traders who need precision and flexibility.

cTrader by GO Markets includes an array of features such as customizable charting, depth-of-market insights, and sophisticated risk management tools. With an interface designed to support advanced technical analysis, traders can access numerous indicators, one-click trading, and even automate strategies through cTrader’s algorithmic capabilities. Additionally, the platform’s user-friendly layout and seamless navigation is a standout for all users, lastly cTrader COpy Trading is another great offering marked for effectiveness in executing trades and follow Master Traders accounts.

GO Markets MobileTrader App

Of course, all platforms feature mobile trading app, so you can use Mobile devices that are bringing absolute freedom to trade. Both platforms MT4 and MT5 feature GO Markets mobile platform along with its seamless versions all attached to one account.

Trading Instruments

Score – 4.3/5

What Can You Trade on GO Markets’s Platform?

The offering of instruments based on a range of more than 1000+ instruments traded through CFDs in Forex, Indices, Metals, Cryptocurrencies, Share CFDs, Commodities, and Treasury.

While each instrument has its own specifications and trading conditions, we appreciate the offered range as it allows us to diversify our portfolio and trade competitive markets.

Main Insights from Exploring GO Markets’s Tradable Assets

The broker gives traders access to good range of CFD products more than 50 currency pairs so they may use leverage up to 1:500 and Forex trading with tight spreads. With leverage of up to 20:1 on 200+ ASX shares, and 70+ HKEX shares, GO Markets also boasts 80+ U.S. equities available as CFDs. Also, GO Markets lets traders speculate on well-known indices like the ASX 200 and S&P 500 using leverage up to 100:1. Without buying actual assets, traders can also explore commodities markets such as gold and silver. 

Meanwhile, the range of Instruments is different based on environmental conditions, alike Cryptocurrency Trading is available mainly on International proposals, while others may lack options for cryptocurrencies could be a disadvantage for some traders. Yet, the Broker constantly changes its trading product proposal too, like previously trading at GO marekts even included Binary options which is absent for now. 

Leverage Options at GO Markets

Another great feature while trading Forex is an allowance to use leverage, which may potentially increase your gains timely. However, in order to minimize risks as well, which work in both directions, it is necessary to learn how to use leverage smartly.

What is the Maximum leverage in GO Markets?

GO Markets Leverage depends on the entity you have an account with since leverage falls under certain regulations. International Traders can access high-leverage ratios.

• European GO Markets clients are entitled to a maximum of 1:30 according to regulations.
• GO Markets Pty Ltd, Mauritius (FSC) offers leverage up to 1:500

Deposit and Withdrawal Options

Score – 4.3/5

Deposit Options at GO Markets

Deposits to the live trading account can be done in numerous convenient ways while the payments will attract no additional processing fees. 

The payment options include:

• Credit or Debit Card,
• Bank transfers,
• BPAY payments,
• e-payments like Skrill, Neteller, POLi

Minimum Deposit

GO Markets’ minimum deposit amount is 200$ as a beginning which allows you to use the full service of live trading and open a Standard account or commission based GO Plus+ account alike 

Withdrawal Options at GO Markets

GO Markets offers several convenient withdrawal methods for its clients, ensuring flexibility and ease of access to funds. GO Markets does not charge any internal fees for withdrawals, however, fund withdrawals to non-Australian banking institutions may be waived for some fees and are your responsibility, so make sure to check those as well. The available withdrawal options include:

Bank Wire Transfer: This lets customers withdraw money straight to their bank accounts. Log onto your client portal, choose “Withdraw Funds,” “Bank Wire Transfer,” fill the required form, and then send your request for a withdrawal. Usually, withdrawals run one to three business days to process.

Credit/Debit Cards: Funds can also be withdrawn by clients to the credit or debit card designated for deposits. Once logged in, choose “Withdraw Funds,” pick the card option, input the withdrawal amount, and verify the information. While the card issuer determines processing dates, they usually take a few business days.

E-wallets: GO Markets offers withdrawals using well-known e-wallets, including Skrill and Neteller. Usually handled within 24 hours, withdrawals to e-wallets give instant access to money.

Customer Support and Responsiveness

Score – 4.3/5

Testing GO Markets’s Customer Support

Multiple Times GO Markets Customer Service was rated #1, in addition to its other numerous Awards received from the industry recognition. Successful brokers recognize the need for quality customer service, but of course, not everyone can have one.

In that case, Broker stands ahead in that point too, so you can count on relevant and fast answers from the Customer Support GO Markets. The broker’s team is available around the clock 24/7 and supports international languages accessible via Live Chat, email, and phone lines in Australia, the UK and internationally as well.

Contacts GO Markets

Clients can utilize several contact methods to communicate with GO Markets. The broker offers 24/7 customer support through various channels. After testing, we can surely say that the support is helpful and the answers are provided quickly through every communication channel. 

• Email: Clients can reach out via support.mu@gomarkets.com for inquiries and assistance.
• Telephone: For immediate support, the contact number is +230 5869 0074.
• Live Chat: GO Markets also provides a live chat option on their website for quick queries.

Research and Education

Score – 4.3/5

Research Tools GO Markets

As for the Research tools, besides very comprehensive research inbuilt into Metatrader 4 platform and even better bunch available at cTrader, GO Markets also provides more of the research with Economic Calendars, good section for News also with leading market providers like Trading Central, so you can use its free trading signals and ideas for your benefit. 

Besides, thousands of MetaTrader4 & 5 Add-ons remain at your suite which is defined by the instrument and specified criteria, where also you may use the great tool MT4 Genesis. 

Education

Novice traders always pass through great challenges while exploring trading opportunities, GO Markets provides the educational materials and research resources necessary to perform seamless trading. Eventually, GO Markets educational programs and its GO Markets Education Hub are numerous award-winning materials that are defined by all levels of traders and available for Free use.

So in GO Markets Academy and Education Centre, you will find Forex trading learning courses, Video Tutorials, also Tutorials and regularly held Seminars and Webinars in various languages. Also, Demo Account is offered for free use with no limits where beginners can place their strategy at the test or see GO Markets environment.

Is GO Markets a good broker for beginners?

With its Standard Account, GO Markets presents a perfect trading environment for beginners. For those just starting out in trading, this account is accessible since it requires a minimum deposit of $200 and offers reasonable spreads beginning from 1 pip.

Widely used in the sector, the broker provides the easy MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. These systems let beginners explore several techniques, including automated trading capabilities using Expert Advisors (EAs), which enable automated trading.

GO Markets also offers a 30-day demo account so traders may test and get acquainted with the systems and trading conditions prior to making any investments. Nevertheless, for newbies, the absence of thorough instructional tools could be a disadvantage.

Portfolio and Investment Opportunities

Score – 4/5

Investment Options GO Markets

Go Markets is a flexible option for traders since it offers a broad range of trading opportunities, yet is not a classical Investment Firm where the purchase of Stocks and holding for dividends is available.

Yet, there are several Investment Opportunities available at GO Markets, including PAMM and MAM accounts for Money Managers also, great Copy Trading capabilities Broker provides, available on all platforms via third-party Copy Trading Providers, while all in all we mark GO Markets Copy Trading as excellent. 

Account opening

Score – 4.6/5

How to open GO Markets Demo Account?

Opening a demo account with GO Markets is a straightforward process designed to help traders practice in a risk-free environment. Follow these steps to create your demo account:

1. Visit the GO Markets Website: Go to the official GO Markets website.
2. Select ‘Try a Free Demo’: On the homepage, look for the option to start a free demo account and click on it.
3. Fill Out the Registration Form: Enter your personal information, including your name, email address, phone number, and preferred trading platform (MetaTrader 4 or MetaTrader 5).
4. Receive Account Details: After submitting the form, you will receive your demo account login details via email or SMS.
5. Download the Trading Platform: Download your chosen platform (MT4 or MT5) from the GO Markets website.
6. Log In: Use the credentials provided to log into your demo account and start trading.

The demo account is valid for 30 days and comes with virtual funds of $50,000, allowing you to practice trading strategies without financial risk.

How to open GO Markets Live account?

At first, you may open a Demo account which will require you only create the login page with the email address and password. Further on if you decide to go Live you should follow the next steps

1. Enter all the parameters including Name, email, Phone, etc
2. Choose the account type and base currency
3. Specify your trading experience and expectations
4. Upload proof of address, ID, etc (due to regulatory requirements)
5. Submit
6. Once your account approved follow with a money deposit

Additional Tools and Features

Score – 4.6/5

Additional Tools and Features

GO Markets offers an excellent range of premium tools and features to enhance the trading experience for its clients and is ranked very well by us for its additional tools and features making tardingn broker offering more unique and advanced. 

Here are some of Go Markets additional tools available

VPS Hosting

For traders applying automated trading techniques or Expert Advisors (EAs), GO Markets offers a dependable and high-performance VPS (Virtual Private Server) hosting solution. This ensures that their trading systems work constantly and without faults even in times of huge market volatility or server maintenance.

Genesis Suite

The Genesis suite is a collection of advanced tools that integrate seamlessly with the MetaTrader 4 and MetaTrader 5 platforms. It includes features such as:

• Sophisticated Order Management System: Allows traders to manage their orders more efficiently, with advanced options like trailing stops and one-click trading.
• Constant Alerts and Insights: Provides real-time alerts and market insights to help traders stay informed and make timely decisions.
• Market Sentiment Analysis: Offers insights into market sentiment, which can be used to identify potential trading opportunities.

Autochartist

With thorough research and price movement notifications, autochartist—a robust pattern detection tool—scanning the markets in real-time highlights possible trading prospects. It aids traders in determining Fibonacci retracements, chart patterns, and degrees of support and opposition.

a-Quant

Utilizing artificial intelligence algorithms and machine learning, a-Quant is a fintech startup offering high-tech trading products Along with other sophisticated tools, GO Markets clients can utilize a-Quant’s signal service, which produces 9–12 signals daily for the most often used Forex pairs.

Myfxbook

Famous social trading platform MyFXbook lets users automatically replicate the moves of successful traders. By linking their accounts to Myfxbook, GO Markets customers can access a broad spectrum of trading techniques and the capacity to pick knowledge from seasoned traders. Also, Copy Trading is available via cTrader Copy Trading and MetaTrader Copy Trading so GoMarkets traders having a range of copy or social trading capabilities, which is a great diversification and plus to the offering overall.

Dedicated Account Manager

Personalized support for traders to enhance trading experience is also available for some certain Account types and professional Traders. 

GO Markets Compared to Other Brokers

GO Markets trading offering is good quality in almost every aspect,  is very levelled proposal with all the aspects, selection of platforms is inline with competitors including cTrader platform sna industry most used MetaTraders. The regulation and reputation of Broker is also at the high grade, while trading fees are among low and Commission based account is a winner for its low commission trading compared to other average around 3.5-4$ so Go Markets is considerably low. 

Market range is also among competitors on good level, yet some Brokers like BlackBull Markets offer thousands of tradable instruments and Investment Opportunities too. While the loosing points only might be minimum deposit which is slightly higher than other brokers offer. 

Full GO Markets Review 

Established in 2006, GO Markets is a reputable broker providing a wide array of financial instruments for trading: Forex, CFDs on shares, indices, commodities, and so forth. Under International entities and regulations like Mauritius’ Financial Services Commission (FSC), GO Markets offers a competitive trading environment with leverage up to 1:500 and spreads beginning from 0 pips with fees based on commission or spread based accounts. While other regulated entities hold top-tier licenses and may offer slightly different conditions. 

Broker provides popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) systems, also cTrader renowned for their sophisticated trading tools and easy-to-use interfaces. The service offering is improved with extra tools, including VPS hosting for algorithmic traders, the Genesis suite for advanced order administration, and Autochartist for market analysis. 

Although GO Markets offers traders an appealing choice with its competitive spreads, high leverage, and extensive tradable assets, potential customers should consider the differences in regulatory overseeing based on entity l in their decision-making process. Also, GO Markets have highly positive reviews on various sites.