GO Markets was founded in 2006, and it is a regulated broker that offers hundreds of CFD instruments, including Commodities, Indices, Shares, and Forex, to its clients. GO Markets is recognized by many as Australia’s first MetaTrader 4 broker (though, now, this broker allows its clients to use MT5 as well).
GO Markets has certainly left an imprint on the industry, and it has even become a Chelsea F.C. partner. In 2021, Investment Trends rated GO Markets the “No. 1” broker for its educational materials and programs. GO Markets provides two different account types, tight spreads, high-tech tools, and 24/5 customer service to its traders. Read through this review to see what makes GO Markets unique.
Pros and Cons
Pros
- Fast Account Opening
- Excellent Tools & Educational Resources
- Tight Spreads
- Fast Execution
- MetaTrader 4 And 5 Available
Cons
- High Minimum Deposit Compared To Other Brokers
Recommended For
GO Markets is suitable for traders of all experience levels, and new traders need not feel intimidated by this broker. GO Markets has received accolades for its Education Hub, which consists of resources like a podcast, introductory guides, webinars, trading strategy information, and video tutorials on how to use MetaTrader. Additionally, GO Markets offers copy trading support, something that could be valuable to new traders who want to trade the markets automatically.
For moderate to advanced traders, GO Markets offers a wide selection of high-tech tools, including Autochartist, Myfxbook, a-Quant, Genesis, and more. Additionally, not only is MetaTrader 4 available, MetaTrader 5, the upgraded suite, is too.
Regulated By
- Cyprus Securities and Exchange Commission (Cyprus)
- Australian Securities and Investments Commission (Australia)
- Financial Services Authority (Seychelles)
- Financial Services Commission (Mauritius)
- Business Companies (Amendment and Consolidation) Act, Chapter 149 (Saint Vincent and the Grenadines)
Top Features
- Low Spreads. As noted in the tables, GO Markets has two different account types available. The Plus Account has spreads starting as low as 0.0 pips, while the other, the Standard Account, has spreads starting at 1 pip. These tight spreads, as well as this broker’s fast execution time, make it a favorite among experienced traders.
- Autochartist. GO Markets offers a lot of great add-on tools to its traders, and we’ve listed the best ones here. For example, you can use Autochartist, one of the top pattern-recognition tools in the world. Autochartist is constantly scanning markets, highlighting real-time trading opportunities with analysis and price-action alerts. This is one of this broker’s most popular tools.
- Genesis. MT4 and MT5 Genesis consist of a full suite of tools that will enhance your MetaTrader experience. These add-ons include a sophisticated order management system, constant alerts, insights and market sentiment, and a wide range of other professional-grade tools. These EAs can easily be applied to your MetaTrader account to upgrade your trading experience.
- News/Analysis Provided. It’s always a good sign when a broker provides its own market news and trade analysis. In GO Markets’ “News and Analysis” section, it gives traders the latest information on what’s happening in the market, as well as analysis and in-depth dives into these world events.
- a-Quant. Yet another excellent tool accessible with GO Markets is a-Quant. This fintech company provides high-tech trading products that use artificial intelligence algorithms and machine learning. a-Quant, which you can activate in your Client Portal, gives you tools such as a signal service that generates nine to twelve signals every day for the most popular Forex pairs
- Myfxbook. More than one million people use Myfxbook to trade the markets automatically. This copy-trading service mirrors the trades of the most successful traders, providing those copying these traders an edge. You can connect with this social trading community through your Standard Account. For those wondering, successful traders are approved through the Myfxbook service before they are available for auto-copy to ensure their legitimacy.
Overview
- Type of Broker CFD/Forex Broker
- Regulation & Licensing Cyprus Securities and Exchange Commission (Cyprus), Australian Securities and Investments Commission (Australia), Financial Services Authority (Seychelles). Financial Services Commission (Mauritius), Business Companies (Amendment and Consolidation) Act, Chapter 149 (Saint Vincent and the Grenadines)
- Clients Accepted from 150+ Countries
- Assets Offered Forex, Indices, Commodities, Share CFDs
- Platforms Available Web, Mobile, Download
- Mobile Compatibility iOS, Android
- Payment Types Accepted Mastercard, Visa, Skrill, Neteller, Bank/Wire Transfer, Fasapay
Account Types
|
GO Plus+ Account |
Standard Account |
|
|
Features |
Ultra-Low Spreads, Best for EA and High-Volume Traders |
Fast Trade Execution,Tight Spreads, Commission-Free & Simple Structure |
|
Account Currencies |
AUD, USD, EUR, GBP, NZD, CAD, SGD, CHF, HKD |
AUD, USD, EUR, GBP, NZD, CAD, SGD, CHF, HKD |
|
Available Leverage |
500:1 |
500:1 |
|
Minimum Deposit |
$200 |
$200 |
|
Commission Per Trade |
$3 per side on a standard lot |
A$0.00 |
|
Decimal Pricing |
Up to 5 |
Up to 5 |
|
Trading Instruments |
Forex, Indices, Commodities, Share CFDs |
Forex, Indices, Commodities, Share CFDs |
|
Min. Lot Size Per Trade |
0.01 |
0.01 |
|
Spreads |
0.0 |
1.0 |
|
Demo Account |
Yes |
Yes |
|
Swap/Rollover Free |
No |
No |
|
Copy Trading Support |
Yes |
Yes |
Trading Platforms
- MetaTrader 4
- MetaTrader 5
- WebTrader
- Mobile Trading
Trading and Investment Tools
- One Click Trading Yes
- Trade off Charts Yes
- Email Alerts Yes
- Mobile Alerts Yes
- Stop Order Yes
- Market Order Yes
- Trailing Stop Order Yes
- OCO Orders Yes
- Limit Order Yes
- 24hr Trading Yes
- Charting Package Yes
- Streaming News Feed Yes
Compliance & Regulation
GO Markets is regulated by the Cyprus Securities and Exchange Commission (Cyprus), Australian Securities and Investments Commission (Australia), the Financial Services Authority (Seychelles), Financial Services Commission (Mauritius) and incorporated in Saint Vincent and the Grenadines under Business Companies (Amendment and Consolidation) Act, Chapter 149.
Fees & Commissions
- Rollover Fee Depends on Asset
- Margin Interest Varies
Pricing
In this section, we’ll give you more information on each of the assets GO Markets offers for its traders. These tradable instruments include:
- Forex. You can access 50+ currency pairs, tight spreads, and leverage of up to 500:1.
- Shares CFDs. 200+ ASX Shares, 70+ HKEX Shares, and 80+ U.S. Shares are available to GO Markets traders, with leverage of up to 20:1 on this asset.
- Index CFDs. With leverage of up to 100:1, you can trade long and short on popular markets like the ASX 200, US 500, CAC 40, and FTSE 100.
- Metal. At GO Markets, you can trade gold and silver without buying the physical metals themselves.
- Commodities. GO Markets says it provides “lower trading cost[s]” and “fast trade execution” on this liquid market. CFDs on Commodities represent physical goods, and you can trade price movements across a wide range of these assets.
Service Details
- Supported Languages English, Portuguese, Spanish, Bahasa Indonesian, Dutch, Italian, Malay, and More
- Customer Service By GO Markets
- Customer Service Hours 24/5
- Email Response Time Within 48 Hours
- Telephone Orders No
- Personal Account Manager Yes
Reliability & Security
GO Markets prides itself on being regulated by multiple governmental bodies, and it says that it is dedicated to ensuring “secure transactions.” As far as reliability goes, GO Markets offers MetaTrader 4 and 5 to its traders, which bodes well for this broker, as these two platforms are considered an industry standard.
User Experience
On TrustPilot, GO Markets has a 4.6/5-star rating out of 162 reviews, which is a positive sign that this broker provides a good user experience. SAShares rated this broker a 5/5, while Myfxbook gave it a 3.4/5. So far, reviews are trending above-average for GO Markets, though, obviously, individual experiences can vary.
Final Thoughts
Overall, GO Markets is a great broker with a lot to offer its traders, including 24/5 customer support, tight spreads, fast execution, and high-tech platforms and tools. The broker has a great rating on TrustPilot, which is a positive sign that it is reliable.
Contact Info
Level 7 Office 12, ICONEBENE,Lot B441, Rue de L’Institut, Ebene, Mauritius
FAQs
Q: How do I open a live account with GO Markets?
A: Follow this link to go through GO Markets’ verification process. You have to register an account, provide the necessary personal information, and pass an identity check. GO Markets also asks you for your Trading Preferences during the account signup process. After you’ve passed through the first four steps, the fifth and last step is to fund your account. According to this broker, it tries to respond to new trading account inquiries within twenty-four hours.
Q: How long do withdrawal requests take to process?
A: According to GO Markets, it tries to process withdrawal requests before 1 P.M. AEST the same day that the requests are received. If your request is received after this time, it will be processed the next day. Local transfers take between one and two business days, while international transfers take three to five days. The length of time is dependent on the bank with which you are working.
Q: Are there deposit or withdrawal fees?
A: You can refer to your Client Wallet or Client Portal for details on deposit and withdrawal fees. The fees depend on the type of payment method you are using.
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