Overall, GO Markets is a trustworthy and highly regulated Forex Broker with a presence in major cities including Hong Kong and Taipei. GO Markets offers access to competitive spreads and has a trust score of 98 out of 99.  

GO Markets Review – Analysis of Brokers’ Main Features

1. ☑️ Overview
2. ☑️ Detailed Summary
3. ☑️ Security Measures
4. ☑️ Account Types
5. ☑️ How To Open an Account
6. ☑️ Trading Platforms and Software
7. ☑️ Fees, Spreads, and, Commissions
8. ☑️ Which Markets Can You Trade?
9. ☑️ Leverage and Margin
10. ☑️ Deposit and Withdrawals
11. ☑️ Educational Resources
12. ☑️ Pros and Cons
13. ☑️ In Conclusion
14. ☑️ Frequently Asked Questions

 

Overview

GO Markets, founded in 2006, has cemented its status as a leading broker in the Internet trading industry. Originating in Australia, the firm has grown its worldwide reach to include offices in important financial cities such as Hong Kong, Taipei, and the UK. Since its founding, GO Markets has focused on regulatory compliance, obtaining certification from prestigious organizations like ASIC, FSA Seychelles, FSC Mauritius, and CySEC. Traders like GO Markets because of its constant dedication to protecting money and respecting industry standards. Rigorous verification measures build customer trust, guaranteeing their financial security meets worldwide market standards. The company’s ability to execute orders quickly and support a variety of trading tactics, from scalping to hedging using Expert Advisors, appeals to a wide range of traders. With a competitive beginning spread of 0.0 pips and a low minimum fee per transaction of US$2.50, GO Markets attracts new, experienced traders looking for low-cost trading options. Leveraging up to 1:500 without limitations increases market exposure, motivating traders to pursue maximum profit.  

Detailed Summary

GO Markets distinguishes itself by providing a variety of account choices, including Standard and GO+ Accounts, as well as social trading and comprehensive training materials. Multilingual customer care is available around the clock, guaranteeing accessibility for merchants globally. Initially focused on Contracts for Difference (CFD) trading in Australia, GO Markets has expanded its operations while stressing customer happiness. Expansion into the United Kingdom, Mauritius, and Cyprus strengthens its worldwide presence and solidifies its position as a reliable broker licensed by several financial agencies. Today, GO Markets is a reliable partner for traders of all skill levels, providing a wide range of trading products like Forex, equities, indices, and commodities. Furthermore, GO Markets’ dedication to innovation and customer pleasure, backed by the user-friendly MetaTrader 4 and 5 platforms, has earned several industry honors, confirming its standing as a trustworthy option in the trading scene.  

What year was GO Markets founded?

GO Markets was founded in 2006 and has offered forex and CFD trading services to clients worldwide for over a decade.  

What regulatory bodies oversee GO Markets?

ASIC, FSA Seychelles, FSC Mauritius, and CySEC regulate GO Markets, ensuring they meet strict regulatory requirements.  

Security Measures

The safety and confidence of GO Markets’ clients are paramount, evidenced by its employment of a comprehensive suite of security protocols to safeguard client data and assets. The brokerage is stringently regulated by reputable institutions such as ASIC, FSA Seychelles, FSC Mauritius, and CySEC, which enforce strict financial regulations. Client funds remain separate from operational assets in segregated accounts, with top-tier banks protecting against potential misuse or abuse. GO Markets uses advanced encryption technologies to enhance online security and protect data transfers over the internet from unauthorized access. Additionally, client accounts are protected by two-factor authentication (2FA), which requires a second form of verification before granting access to trading platforms or account management features. Only the rightful owner can modify settings or execute trades on their account. The commitment of GO Markets to safeguard the confidentiality and security of customer information is evident in its robust privacy policy that delineates the collection, usage, and protection procedures. Essentially, by adhering stringently to various regulatory requirements and deploying state-of-the-art technology systems, financial safeguards, and stringent data privacy standards, GO markets deliver a secure trading haven for customers at all times.  

Account Types

Standard Account

New traders can begin their trading journey with GO Markets’ Standard account, which offers an ideal starting point. This requires a minimum deposit of $200 and provides commission-free trading with flexible spreads beginning at 1 pip. It combines liquidity from numerous sources to furnish a diversified trading ambiance for users wishing to access over 50 currency pairings, indices, commodities, along many other choices available through leveraging up to 1:500. Furthermore, this account permits the implementation of automated Expert Advisors while giving participants easy entry into training materials. It enables effortless navigation in case anyone is unfamiliar or new within markets, making it perfect for such individuals.

GO+ Plus Account

Experienced traders can opt for the GO+ Plus account, which mandates a minimum investment of $200. This account type boasts raw spreads starting at 0.0 pips. It charges AU$ 3 per side on an average lot, making it ideal for high-volume trading activities like scalping or day trading that benefit from narrower spreads and quicker executions. With access to identical markets and leverage as the Standard account, individuals seeking a competitive edge in fast-paced financial environments will find GO+ Plus suitable for their needs.

Demo Account

GO Markets provides a Demo account that emulates the trading conditions of genuine accounts, furnishing traders with an opportunity to rehearse and enhance their strategies in a secure setting. The demo account facilitates familiarity with either MetaTrader 4 or 5 interfaces and permits evaluation of brokerage products. Furthermore, the GO Markets demo account is active for thirty days, offering prospective clients ample time to comprehend platform dynamics and functionalities before considering actual financial investments.

Islamic Account

GO Markets offers a Swap Free Trading Account, also known as an Islamic Account, for traders who cannot pay or receive swaps due to religious beliefs or other reasons. This specialized account allows traders to access the full suite of trading services without incurring interest charges. Instead of swaps, a standard daily administration fee is applied to cover expenses associated with managing the account. This fee structure allows traders to participate in the financial markets while adhering to their religious or personal preferences. The Swap Free Account offers access to over 1000 instruments, including Forex, Cryptocurrency, Indices, and Commodity CFDs, allowing traders to diversify their portfolios and explore various trading opportunities. The account is compatible with GO Markets’ MetaTrader 4 platforms, ensuring seamless integration and efficient trading execution. GO Markets emphasizes providing high-quality infrastructure, fast execution speeds, and transparent, secure, and reliable services to all traders. In addition, a complimentary 11-day trial period is available for traders interested in trying out the Swap Free Account.

Professional Account

The specialist Professional account offered by GO Markets targets experienced traders who meet specific criteria about their trading volume, industry expertise, and investment track record. This package offers added capabilities and exclusive support services for advanced resources, further enhancing the trader’s existing abilities and know-how. Eligibility conditions entail a substantial monetary portfolio or an extensive history of recurrent high-capacity trade-related operations.  

How many retail investor accounts does GO Markets offer?

GO Markets provides two retail investor accounts: Standard Account and GO+ Account.  

What is the minimum deposit for GO Markets accounts?

The minimum deposit for opening an account with GO Markets is $200.  

How To Open an Account

• To register an account, follow these steps:
• Begin by going to the GO Markets official website and finding the ‘Open Live Account‘ option.
• Click this button to begin the registration process.
• Proceed to choose the sort of trading account you want to establish.
• You will next be asked several questions about your trading experience and financial understanding.
• The next step is to submit evidence of identification and proof of residence papers.
• Before submitting your application, double-check all of the information you supplied.
• After submitting your application, wait for the GO Markets team to examine and approve it.
• After approval, you will get your trading account information via email and instructions on how to fund your account.
• Fund your account with various deposit options.
• Once your account is funded, you may download your preferred trading platform, MetaTrader 4 or MetaTrader 5, from the GO Markets website and log in using the credentials supplied.

Do I need to download any software to open an account with GO Markets?

No software installation is necessary to register an account with GO Markets. However, you must first download trading platforms such as MetaTrader 4, MetaTrader 5, or cTrader before accessing financial markets offered by GO Markets.  

How long does the verification process take for a new GO Markets account?

The verification procedure at GO Markets normally takes 1-2 business days, depending on the clarity and accuracy of the documents submitted.  

Trading Platforms and Software

MetaTrader 4

GO Markets MT4 is a popular trading platform well-known for its powerful functionality and user-friendly interface. This feature-rich software includes advanced charting tools, automated trading through Expert Advisors (EAs), and an extensive back-testing environment that helps traders customize their forex and CFD trades using various technical indicators and graphical items. In addition to these features provided by the standard version of MT4, GO Markets offers additional tools designed to enhance trade execution efficiency as well as analytical capabilities – making it easier than ever before for both novice or experienced traders alike looking for a dependable yet adaptable environment in which they can thrive.

MetaTrader 5

With its advanced features and capabilities, such as extended periods, integrated economic calendars, improved pending orders, and enhanced EA strategy testers, GO Markets’ MT5 offers a more empowered trading environment than ever. By embracing this technology platform, the company reinforces its commitment to providing traders with state-of-the-art tools. The upgraded charting technology and an extensive collection of indicators support sophisticated analytical demands for greater trade flexibility. For those looking to diversify their portfolio across multiple markets, including commodities, equity, and currency options, GO Markets’ MT5 provides all-encompassing solutions at one location.

cTrader

Designed for traders who prioritize quick execution and distinctive trading features, cTrader by GO Markets offers a user-friendly interface, advanced charting tools, and level II pricing that reveals complete market depth for increased transparency. A standout feature of this platform is its algorithmic trading capabilities that allow traders to build and operate custom trading robots. Additionally, cTrader’s modern design and compatibility with various devices make it an appealing choice for those seeking efficiency through smart technology. With assurance from GO Markets regarding fast order entry without requotes—a particular benefit to scalpers or day traders—cTrader stands out as an exceptional option in online trading platforms.  

Does GO Markets offer proprietary trading software?

No, GO Markets only supports MetaTrader 4, MetaTrader 5, and cTrader.  

Does GO Markets allow me to trade on my iPhone?

Yes, with GO Markets, you can easily trade on your mobile device using the apps for MetaTrader or cTrader.  

Fees, Spreads, and, Commissions

Spreads

GO Markets’ spreads aim to cater to diverse trading approaches and techniques, providing them with an edge in the market. The Standard account commences at 1 pip for its spreads, enabling traders to carry out transactions without charges. Boosting this benefit further is the GO Plus+ account that presents a raw spread as low as 0 pips – ideal for strategies necessitating narrow margins. These variable ranges stem from over twenty-two liquidity providers pool, ensuring clientele access premium bid and ask rates leading towards cost-efficient deals on their behalf via the GO Markets platform.  

Commissions

At GO Markets, commissions are tailored to suit the trader’s account preferences. For Standard accounts, there is no commission charged but instead wider spreads that include transaction fees. But for those using the GO Plus+ account with narrower spreads, AU$ 3.00 per side for a regular lot is required as commission if their base currency is Australian dollars (or corresponding fees in other currencies). This clear-cut structure empowers traders by providing better control and transparency over trading costs, allowing them to calculate potential earnings or losses easily.  

Overnight Fees

To engage in Forex and CFD trading at GO Markets, it is important to understand the impact of swap fees. These charges are incurred for open positions held overnight and factor into overall transaction profitability. The calculation is based on differing interest rates between currencies involved in a forex pair, resulting in account credits or debits. Variable exchange rates depend on market fluctuation, reflecting the dynamic nature of global financial markets. Traders must be mindful of these costs when considering holding positions overnight due to their potential influence on profit margins.  

Deposit and Withdrawal Fees

At GO Markets, transparency is a top priority regarding deposit and withdrawal costs. Regardless of your chosen method, we do not charge any fees for these transactions, whether credit cards, e-wallets, or bank wire transfers. This means traders can manage their assets efficiently without worrying about unexpected expenses eating into their trading capital.  

Inactivity Fees

Traders will find it advantageous to use GO Markets as no inactivity fees are charged, an attractive feature for infrequent traders or those who temporarily pause their trading activity. This trader-focused approach recognizes its clients’ trades’ different schedules and frequencies, which sets GO Markets apart from other platforms that penalize inactive accounts.  

Currency Conversion Fees

When traders operate accounts in a currency different from their deposit or withdrawal currency, they may incur charges for converting the money. These fees are applicable when brokers transfer funds into the trading account’s base currency using current market conversion rates. It is essential to note these expenses as this can decrease the funds available for trading and can be especially relevant while dealing with multiple currencies.  

What happens if my GO Markets account goes dormant?

Nothing will happen to your account as GO Markets does not charge inactivity fees.  

Does GO Markets offer cashback rebates or cost reductions?

Yes, GO Markets offers cashback rebates on every $15 million traded in Forex and Precious Metals and up to $10 on commodities per million notional volumes traded in USD  

Which Markets Can You Trade?

GO Markets offers the following trading instruments and products:

• over 50 currency pairings
• 499 Share CFDs
• 15 Index CFDs
• 4 forms of energy

Although GO Markets does not allow direct cryptocurrency trading, it offers 13.  

How can I deposit funds into my GO Markets trading account?

Deposits are accepted via credit/debit card, Skrill, Neteller, and bank wire transfer.  

What is the maximum withdrawal time for GO Markets?

The maximum expected withdrawal time ranges from 1 to 3 business days, depending on the method used.  

GO Markets Leverage and Margin

Through leverage in Forex trading, traders can handle larger positions with reduced amounts of their capital.  This greatly enhances profit and loss potential, expressed by a ratio of 100:1, where every $1 in the trader’s account allows influence over $100 within market operations. An instance would be a trader holding an account balance of $10,000 while boasting 100:1 leverage; they could utilize only $1,000 as a margin towards executing transactions amounting to $100,000 – significantly heightening prospective profits while simultaneously elevating risk levels for losses incurred. Monitoring the risk involved when trading with leverage is imperative, as it can lead to substantial gains or losses. This is especially crucial if the market moves in favor of or against a trader’s position.  To cater to this aspect, traders must determine what level of leverage aligns well with their tolerance levels and preferred style. Furthermore, GO Markets offers useful tools such as Expert Advisors, accessible through the MetaTrader 4 platform, which can help individuals manage funds by making optimal decisions based on account size metrics.  

How does leverage vary by instrument at GO Markets?

GO Markets’ leverage varies per instrument, with larger leverage available for forex pairings and lower leverage for more volatile products such as CFDs.  

What happens if I hit a stop-out level at GO Markets?

If you reach the 50% stop-out threshold at GO Markets, positions will be immediately canceled to avoid additional losses.  

Deposit and Withdrawals

Deposit Methods:

Credit or Debit Card

• Navigate to the GO Markets client interface and pick ‘Credit/Debit Card‘ in the ‘Deposit Funds‘ section.
• Enter the amount you want to deposit and your card information.
• Confirm the transaction details and complete any security verification.
• Submit the deposit, and the funds should show in your trading account immediately.

 

e-wallets or Payment Gateways

• Sign in to your GO Markets client portal and navigate the ‘Deposit Funds’ section.
• Select your e-wallet or payment gateway, such as Skrill or Neteller.
• Enter the deposit amount, and you will be sent to the e-Wallet or payment gateway’s login page.
• Log into your e-Wallet account, examine the payment information, and confirm the transaction. The deposit should be processed and credited to your GO Markets trading account shortly after confirmation.

Withdrawal Methods:

Bank Wire

• Log into your client portal and visit the ‘Withdraw Funds‘ area.
• Choose ‘Bank Wire Transfer‘ as your withdrawal option.
• Fill out the withdrawal form with the appropriate financial information.
• Enter the amount you want to withdraw and then submit the request.
• GO Markets will handle your withdrawal, and the funds should be in your bank account within 1-3 business days.

 

Credit or Debit Cards

• Sign in to the customer site and choose ‘Withdraw Funds.’
• Select ‘Credit/Debit Card‘ as the withdrawal method.
• The card used to deposit funds is usually credited back.
• Input the amount you want to withdraw on this card.
• Confirm the withdrawal information and submit your request.
• The withdrawal will be completed, and the funds should be credited to your card within a few business days, depending on your card issuer’s policy.

 

e-wallets or Payment Gateways

• Access the ‘Withdraw Funds’ area of the GO Markets customer site.
• Choose your favorite e-wallet or payment gateway, such as Skrill or Neteller.
• Enter the amount you want to withdraw and any other information the e-wallet service requests.
• Review your withdrawal information and confirm the transaction.
• The withdrawal should be handled swiftly, with funds accessible in your e-Wallet account within 24 hours.

 

Educational Resources

GO Markets offers the following educational resources:

• Inner Circle Webinars
• News and Analysis
• Introduction to Forex

The Margin Call Podcast is a series of audio interviews in which trading professionals share their ideas, experiences, and advice on various trade-related issues.  

How often does GO Markets update its educational content?

GO Markets regularly refreshes its training content to guarantee relevancy and deliver the most recent market information and trading tactics.  

Is there support for MetaTrader 4 users at GO Markets?

Yes, MetaTrader 4 customers may access a variety of video lessons to become acquainted with the platform’s features and capabilities.  

Pros and Cons

 

In Conclusion

In our experience, GO Markets is a reliable and robust forex and CFD broker, providing a complete trading environment geared to the demands of traders of all levels.