GO Markets is launched in 2006 brokerage company operating under the ASIC (Australia) supervision while fully complies with the local laws, driven by compliance, competitive spreads and tech developments.
Where is GO Markets based?
The brokers through its main headquarter in Australia also maintain offices in the UK, Cyprus, Taiwan and Hong Kong while bringing a valued trading environment connected to advanced technologies and allow traders to develop strategies and improve trading outcomes.
Overall, Go markets promises together with its continuous provided support and challenges great opportunities available for the successful trading performance of any size trader. So let us see closer within Go Markets review what is so rewarding and good about its proposal.
Long years of operation
Swap-free account only available for MENA residents
Globally recognized and multiple awarded broker
Conditions may vary according to regulation and entity
Platforms MT4 and MT5 offered
Copy Trading and Social Trading capabilities
Excellent support, learning and research tools
10 Points Summary
GO Markets is an Australian based broker with international entities
Country of regulation
MT4, MT5, WebTrader
Forex, CFDs, Indices, Metals, Cryptocurrencies and Energies
Low CFD fees
Range of Account base currencies
Education provided for Free
Is GO Markets safe or a scam?
The first thing to check before continuing broker Go markets review is its license and applicable registrations which ensure a safe trading environment. GO Markets is authorized to operate financial services under the Australian Financial Services Licence, known worldwide as ASIC. Besides, there is an additional European entity that operates under CySEC license, therefore its proposals may vary according to regulations.
Regulated broker with good record and history of operation
ASIC license and overseeing
Additional CySEC license
Negative balance protection
Is GO Markets legit?
Concluding in simple words it means that all tools and applicable set-ups providing 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 the corporate ASIC, while in reverse the investors understanding the risks and potential benefits.
Generally, risk management maintained by various practices, among the considerations of hedging counterparties and clients’ funds’ segregations at the National Australian Bank (NAB), along with margin calls and fair usage policies. Likewise, European entity falls 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 clients’ funds through segregation, and also fair conditions that are constantly monitored and audited by the authority.
Another great feature while trading Forex is an allowance to use leverage, which may potentially increase your gains timely. However and 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 as an Australian broker being authorized by ASIC still allows high leverage ratios up to 1:500 for Forex instruments. Refer to the table below and see how ratios are also spread according to the account size.
European GO Markets clients entitled for a maximum of 1:30 according to regulations
The account opening from which you will have access to the trading account, your money management, fee reports and other tools all featured GO Markets account area which you can open through seamless fully digital signing in.
Fast account opening
Easy switch between Demo and Live Accounts
Standard and GO Plus+ ECN Account
Range of Account base currencies
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 Standard trading proposal based on spread charges and access to true ECN environment via GO Plus+ specifically designed through light-fast technology.
In addition, the account can be opened in a few different currencies as a base one that including AUD, USD, GBP, EUR, NXD, SGD.
How to open your Account
At first, you may open a Demo account which will require only to create the login page with email address and password. Further on if you decide to go Live you should follow the next steps
Enter all the parameters including Name, email, Phone, etc
Choose the account type and base currency
Specify your trading experience and expectations
Upload proof of address, ID, etc (due to regulatory requirements)
Once your account approved follow with money deposit
So as we see, the Standard account defines no commission bases, bringing spread only basis starting from 1.1 pips option and is the best match to start trading with no complications.
Further, GO Plus Account is already a choice for advanced traders or those who’s strategy requires it as spreads from 0.0 pips and trading costs inbuilt in the commission of 3.00$ per side.
Available options between only spread account or commission charge through GO Plus+ ECN Account
Low CFD fees
Good Standard account spreads
No hidden costs
GO Markets spreads as mentioned designed at the account you use, while Standard account will offer slightly higher spread and Plus traders enjoy interbank spread but with commission per trade. For instance, see below a comparison of the Standard spread offering, as well you compare fees to another popular broker One Financial Markets.
Also, always consider overnight fee as a cost, also known as Rollover rate or interest for holding positions open overnight.
Comparison between GO Markets fees and similar brokers
GO Markets Fees
Crude Oil WTI
The offering of instruments based on the range of more than 350+ instruments through CFDs of Forex, Indices and Commodities markets, as well as Binary options and Cryptocurrencies. While each instrument has its own specifications and trading conditions, we appreciate the offered range as it allows to diversify portfolio and trade competitive markets.
Overall, the Cryptocurrency trade developed by the leverage of 5:1 for Bitcoin and Ethereum with the maximum size of 5 trading and margins of 20%. The Binary trading, which is luckily available at Go markets too offering attractive returns between 60-80% potential return with the low commitment from 5$ while 500$ trades accepted on major currency pairs on a 5 minute time.
Deposits and Withdrawals
Deposits to the live trading account can be done in numerous convenient ways while the payments will attract no additional processing fees. GO Markets does not charge any internal fees for withdrawals, however, fund withdrawals to non-Australian banking institutions may be waved for some fees and are your responsibility, so make sure to check those as well.
Fast digital deposits
No internal deposit fees or withdrawal fees
Multiple Account Base Currencies
The payment options including
Credit or Debit Card,
bank to bank through Australian banking institutions,
e-payments like Skrill, Neteller, POLi
And the last point we didn’t cover is a minimum deposit amount. GO Markes set 200$ as a beginning which allows you to use full service of live trading and open Standard account.
Likewise deposit option you may use the same methods for money withdrawal, yet verify with customer service what method is applicable for you according to your own residence and its policies, or laws applied.
How long does it take to withdraw money from GO Markets?
Withdrawal of money isn’t a complicated process, actually, all money management happens right from your online account area, where withdrawal requests can be submitted at any time. Typically GO markets, as a regulated broker process withdrawals within 1-2 business days, however, allow additional time for your payment provider or other procedures.
MT4 is truly considered as a Forex standard for the traders around the globe indeed, thus GO Markets chose their mainstay as this technology but actually MT4 may vary from the company to another since the broker can implement various extensions as well to provide better features.
So looking at GO markets platform we found its comprehensive and advanced edition, where various versions supported and inbuilt. So you will find Web Trading platform which is great use at any device since does not require installation, yet might be a bit less advanced with the tools.
Mainstay on MT4
MT5 set as an option for trading as well
Numerous tools in package including MT4 Genesis, trading signals, EAs and more
Copy Trade, Social Trading and Technical Indicators
No restrictions on strategies
Available in various languages
Desktop Trading Platform
Being the most widely used platform MT4, of course, available and suit versions for Mac and PC, which are definitely a must for advanced or active traders. InGO Markets desktop platform you can enjoy full capabilities and great customization, along with a fantastic proposal from GO markets that include advanced tools alike MT4 Genesis. As it helps to navigate through global markets as well as computable with automatic trading through Expert Advisors and numerous built-in indicators.
Look and feel
So being a great platform for all levels of traders, MT4 is excellent charting software where parameters or drawing objects stands of a very high level. The look itself is clean and comfortable in addition to 3 types of charts and display options.
Furthermore, the GO Markets enlarge their offering by addingMetaTrader5 to their proposal too, which is a more new and developed version of beloved MT4 one. So if you prefer this software go ahead, along with a copy and social trading options that are reachable through myFXbook, a world-leading platform with over 90,000 people that allow to be copied or copy trading professionals to the benefit of both.
Mobile Trading Platform
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.
Lastly, there are special tools alike VPS service are an option you may count on too. Since it brings access to hi-tech trading and run Algos and Expert Advisors remotely and non stop. The existing live account can get a free VPS use if the minimum balance of 3,000$ maintained, otherwise a service fee of 30$ per month will be charged.
So again Go Markets Customer Service was rated #1, in addition to its great Awards received in other aspects. Successful broker recognized the need for quality service, but of course, not everyone can have one.
However, GO Markets standing ahead in that point too, so you can count on relevant and fast answers from the Customer Support GO Markets. Broker’s team available around the clock and supporting international languages accessible via Live Chat, email, and phone lines in Australia, UK and International as well.
No 24/7 client support
Quick response and Relevant answers
Live Chat, International Phone Lines and email
Well recognized customer care service
And of course, since the novice traders always passing through great challenges while exploring trading opportunities, GO Markets provide the educational materials and research resources necessary to perform seamless trading. Eventually, GO Markets educational programs and its GO markets Academy are numerously award-winning materials that are defined by all level 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 strategy at test or see Go markets environment.
Education provided for Free
Free trading signals and research tools
Social trading and trading ideas
Webinars and Video Lessons
Autochartist, Trading Central, MT4 Genesis included
As for the Research tools, besides very comprehensive research inbuilt into Metatrader 4 platform, Go Markets also cooperates with Autochartist and Trading Central providers so you can use its free trading signals and ideas for your benefit. Besides, thousands on MetaTrader4 & 5 Add-ons remaining at your suite which is defined by the instrument and specified criteria, where also you may use great tool MT4 Genesis.
Overall, the GO Markets review shows a broker which performs a straight trading process with numerous offered benefits and indeed a vast amount of excellent rewards received either from industry publish or worldwide traders.
One of the main attractions is a comprehensive range of trading instruments, even including Binary options and recent trends with a bunch of Cryptocurrencies, while all instruments traded with competitive pricing according to each of offered account types that are starting from 0.0 pips.
Furthermore, the mainstay at well-known MT4 broker enhanced proposal with powerful technical tools with free use, allowing traders of any style and budget find a way to engage, as well as through Social trading environment. So all in all, we would strongly consider GO Markets as together with strong adherence to regulation the broker indeed delivers quite good trading proposals suitable for both beginners and professionals.
Nevertheless, we would be happy to know your personal opinion about GO Markets, share your personal experience or if none refer to us for some additional information on the comment area below.
Share this article [addtoany url="https://55brokers.com/go-markets-review/" title="GO Markets"]
Australian foreign exchange brokerage firm GO Markets revealed that it is acquiring Cyprus financial services provider Galactus Ltd to enter the European market and continue its global expansion. Galactus Ltd is an investment company authorized by the Cyprus Securities and Exchange Commission (CySEC). It holds license 322/17 and was established in 2016. It has been...