GO Markets Broker Reviews and Full Information

What is it? GO Markets?

GO Markets is also an Australian broker based in Australia, which was established in the year 2006. It has offices in other countries, including Cyprus and Cyprus, the UK, Hong Kong, and Taiwan. It is a licensed and multi-award winning broker, with the option of having two accounts. The maximum leverage allowed for traders is 500:1. Based on the site GO Markets, 50 to 80 percent is the margin used for call and stop-out levels as well as call level.

 

Pros

Cons

Internationally renowned and award winning

Only MENA residents can use the an account that is swap-free

If provides MT 4 as well as platforms for MT 5.

Each regulation and entity can use different conditions.

Spreads start at 0.0 pip

There is no bonus offer

The minimum deposit for the initial deposit is $200.

 

No deposit fees

 

Social trader and Web trader

 

It boasts an award-winning educational program.

 

https://lh5.googleusercontent.com/ta3UdGohMwvQo9DWhWMzZaKVlUGdctY1u1WftiZVsJNF9heX7VOKvzXne9KJNL3SBQMB6-0QWsXa1i3jY2FI8IhWb2ScmcG7-qNOPZwXzoSgwk3LOYzLRCCn5AQsmi-TmadhM04R

Ten Points: Summary

 

Headquarters

Australia

Regulation

CySec and ASIC

Platforms

MetaTrader 4 and MetaTrader 5

Instruments

Metals, Forex, CFDs Oil, Global Stock Indices, cryptocurrency

EUR/USD Spread

1.2 pip

Demo Account

Unlimited deals

Minimum deposit

200 AUD

Base currencies

USD, EUR, and the currency AUD

Education

Available

Support for Customers

24/5

 

Do you think GO Markets a safe or fraud?

Absolutely, GO Markets provides a safe and secure trading environment because of its licensing and rules. It is not regulated by Australian Investment and Security Commission license, also known as ASIC. In addition being under the control of ASIC, this EUROPEAN entity is governed under its CySEC license, and the conditions can differ based on regulations. GO Markets also ensures negative balance protection.

Leverage

Utilizing leverages when used in a wise manner will increase your earnings and in turn, reduce the chance of losing of funds. GO Markets can allow you different leverage ratios that depend on the minimum or maximum amount of money on your bank account. If, for instance, there is a minimal balance balance of $200 or the maximum amount of $250,000, your leverage ratio is 200:1. The maximum leverage ratio is 500:1.

Accounts

GO Markets has two types of accounts: the standard account and GO plus+. There are many commonalities, like the minimum deposit of $200, and the possibility of leverage of up to 500:1. You are able to trade with any trading tool, as well as instruments and advantage of free VPS, the award-winning support that both accounts receive in separate accounts. There are choices for a live one-account as well as a demo account for each type of account. Additionally, there are various features that are available on both brokerage accounts, including commission, spread and so on.

 

Types of accounts

 

Standard Account

The basic account of GO Markets has a low spread of 1.1 pip, but there is no commission fee. All levels of traders are able to benefit from this account by using greater than 350 trading options. The total number of currencies that are the base currency are SGD CHF, CAD, GBP, HKD, AUD as well as the AUD, NZD, and USD. Additionally, the account opening procedure is just three steps, and it take only three minutes.

 

Go Account Plus+

This kind of account comes with the lowest commission, which is $3 per day on the standard lot and spreads of as little at 0.0 pip. Traders can benefit from professional account managers with the option of free use to MT 4 Genesis auto chartist. You can also open an account in only 3 steps by providing proof of residency and documentation verification.

https://lh4.googleusercontent.com/GTM4VZM7rG2h476w3roDo2Mkt5RoTPD52UOPD3bZvsVtGr-vmH3QF0YeSKVqXudE_G0ta69WdjDbz8ghcUdA-ihZ-BwfzTJUsz5BEbMTdVo2qYbGimzuOBFhxQSo-L9f04wah1xe

Fees

 

As previously mentioned the just GO Plus+ account will be charged a commission per transaction. A different commission rate, such as US$2.5 or CAD$3, EUR, NZ $3.50, HKD 20 can be applied to base currencies. The overnight and swap-free fees is also an additional burden for clients. Additionally, there's no fee for inactivity with this broker and no Islamic account to be found.

 

Platforms for trading

 

Two types of trading platforms are available, MetaTrader 4 and MetaTrader 5. They offer a variety of features and benefits that improve trades to the highest level.

 

Mt 4

 

MT 4 platform is a common forex platform for traders from all over the world. However, MT 4 may differ from one broker to the next due to the availability of various extensions that provide better user experience.

Go Market's MT 4 is fast in terms of execution, and has low latency. The advanced tools for charting, indicators Expert advisors, Expert Advisors, and financial market analysis provide the perfect choice for novice traders and those who want to become an professional one.

In addition the above, there are over 50 indicators, including ADX, OSR, MACD Oscillator and many other indicators on the MT 4 platform to trade. The platform offers access to more than 350 different trading tools, an economic calendar, and a variety of other options. It is possible to download the MT 4 platform on any device , including android, iphone, pc or even a desktop.

MT 5

It's the most suitable option for the trader of the future with a multi-asset and well-designed and advanced platform. Over 350 tools as well as 80 technical indicators along with analytical and technical tools, are readily available to traders. Algorithmic trading has become the main characteristic of the MT 5 platform which automated trading is facilitated using the particular software "Trading robots". Robots execute trading operations with the help of algorithms, which means there is no requirement to conduct daily analysis. The platform also provides 7 pending orders and 21 time frames to analyze.

There are trading signals as well as copy-trading options to advanced trading. When you subscribe to the signals that a professional traders uses is only a few clicks you can make your trade automated. In the same way, with copies trading your system can make trades for you as a professional. Similar to MT 4, you can download it to any device. In addition, additional options that are available in MT 5 are listed below:

  • Market depth and the most recent price quotes
  • Supports all kinds of orders
  • One-click trading
  • Full EA function
  • Allow for hedging

 

Mobile trading platforms

 

Utilizing the MT 4 and 5 mobile platforms it is possible to trade any time and from anywhere. You can receive market updates more quickly and efficiently thanks to the Meta Trader app. There is no distinction between trading on a PC and a mobile platforms. The website of MT, you can discover a complete tutorial on how to use the MT app.

 

Indrawals and Deposits

 

When it comes to withdrawals and deposits There are a variety of options offered by this broker. When you deposit or take funds, there are no fees to be charged. Bank transactions outside Australia could charge fees. The minimum amount for opening an account and for full payment is 200 dollars. The payment process is instantaneous. accept wire transfers from banks which could take as long as three business days. The deposit and withdrawal methods are: withdrawals are:

  • Credit or debit card
  • E-payments include Skrill, Neteller, and POLI
  • BPAY
  • Bank wire transfer
  • Fasapay

 

Instruments for trading

It is a trading platform that GO Markets provides trading instruments such as commodities, forex, metals, indices, stocks and cryptocurrencies that come with various trade conditions and specifications.

Forex Forex trading is available on GO Markets, traders will benefit from a flexible leverage that can reach 500:1. There are 50 currency pairs which all major, minor exotic, and minor pairs are offered. The most traded currency pairs include USD/JPY USDor EURO, USD/CHF USD/CAD and many more. You can trade between 24 hours and for 5 days at a low cost trading. In addition, EAs and smart tools are also readily available.

Stocks The stock market can be traded with major companies like Facebook, Apple, Tesla, eBay, Zoom and many more. The maximum leverage differs from forex products. For stock products, the maximum leverage levels are up to 20:1.

Commodities Most expensive and highly traded commodities are silver, gold and different types of oil. The spread and the size of the lot vary for every commodity. As an example, the typical lot size for Brent crude oil is one hundred barrels and spot silver is 5000oZ.

Indices The GO Markets provides leverage of up to 100 times for trading Indices. There are 12 indices instruments that have 0.1 the minimum size for trades. There is no commissions on trading indices as well as speedy execution.

Bitcoin Cash: there are a total of 5 cryptocurrency that are that are available through this broker: Bitcoin, litcoin, Ethereum, Ripple, and Bitcoin Cash.https://lh5.googleusercontent.com/v7WMqsec9lX-rBZ1dleTb_jiNREqKuE7Qv8RjFi-s8D9TXtHkXzieVXxYsVsGGJywKpisc0EMnHtFBIPAuqTW6ZGFbikoqaeXyix9T1WBluWCueaAWUgxSQE48tg5f1yvqadIJcY

 

Education & Research

Before trading, new traders need to be familiar with the various features brokers offer. For the convenience of trading, GO Markets has created an educational section on its website. Educational programs that have won awards are completely free and accessible to all traders. The learning materials could include webinars, videos, courses and seminars that are held in different languages. The courses for free on MT 4 and MT 5 platforms comprised two chapters. The first chapter explains the basics of forex. The the second chapter explains risks and analysis of markets, and more.

Pros

Cons

Award-winning educational programs that are free.

No cons

There are trading and social trading strategies accessible

 

The facility of webinars and seminars is available in several languages

 

Auto chartist and central for trading

 

 

Research

With the help of the Auto chartist and Trading Center you will be able to get trading concepts and trading signals. There is a built-in and the MT 4 research tools available on the this MT 4 platform. In addition, there is an economic calendar weekly newscasts, daily margin podcasts, as well as weekly summaries are available.

Customer support

GO Markets has won awards for its excellent customer service. They are able to assist customers by phone, live chat, or email. The telephone numbers of Australia, UK, and international numbers are through their site. Customers can call anytime in 5 business days.

Conclusion

This review concluded that GO Markets is a safe and legitimate broker. The broker has a tight spreads when compared with other brokers. Two types of accounts with advanced features and benefits are offered. MT 4 and MT 5 are trading platforms that have 350 instruments for trading. It is a tool for education and research to make trading easier for traders. There are a variety of ways to withdraw and deposit money. The deposit fee is the only one that banks be charged to banks that are not Australian.

 

FAQS

How many types of accounts GO Markets offers?

It comes with two types of accounts that are GO+ plus as well as a the standard account.

Do you know if GO Markets provides Islamic account?

This broker does not offer swap-free Islamic account.

Does there exist a fees for withdrawals or deposits?

Yes, they charge fees for withdrawals made through banks that are not Australian-based.

Summary
Properties Values
Name
GO Markets
Minimum Diposit
$ 200
Leverage
1:500
Regulation
ASIC (Australia),CySEC (Cyprus),FSC (Mauritius),FSA(SC) (Seychelles),SCA (United Arab Emirates),FCA (United Kingdom),,,
Headquarters
Australia
Established
2006
Address
Level 11/447 Collins St, Melbourne VIC 3000, Australia
Platform
MT4,MT5,MT4 WebTerminal,MT5 WebTerminal,,,
Payment Method
Visa,Mastercard,Wire,Skrill,Neteller,Fasa Pay,Bpay,Poli,,,
Overview
Properties Values
Spreads
1.2 pips
Min Position size
0.01
Broker Type
STP (Straight Through Processing),ECN (electronic communications networks),NDD (Non Dealing Desk),In
Account Type
Mini account,Scalping,High Leverage,Standard,,,
Brokers by Country
Cyprus Forex Brokers,,,
Techniques
Scalping Forex Brokers,Hedging Forex Brokers,Automated Trading Brokers,Mobile Trading Brokers,,,
Instruments
Forex Trading Brokers,Gold Trading Brokers,CFD Trading Brokers,Stock Trading Broke,Oil Trading Brokers,Metal Trading Brokers,Indexes Trading Brokers,,,
Account currency
USD,EUR,GBP,AUD,CAD,XAU,JPY,XAG,CHF,,USD,,USD,
Tools
Economic Calendar,Charting Software,Margin Calculator,Profit Calculator,,,
Website Languages
en,,,
Support languages
en,,,
Bonus
Yes
Reviews Rating
4.1
Withdrawal Fee
No
Trading Signals
Yes
Free Education
Yes
Daily News
Yes
Demo account
Yes
Swapsr
Free
Pors
1. Internationally renowned and award winning
2. If provides MT 4 as well as platforms for MT 5.
3. Spreads start at 0.0 pip
4. The minimum deposit for the initial deposit is $200.
Cors
1. Only MENA residents can use the an account that is swap-free.
2. Each regulation and entity can use different conditions.
3. There is no bonus offer.
Display Analysis
Yes
Serving country
AU,CY,MU,VC,SC,AE,,,
Not Serving country
AF,AZ,BS,BZ,BA,BW,BI,CA,CF,CG,CI,EG,ER,ET,GH,GN,HT,IR,IQ,IL,JP,KP,LB,MM,NZ,NI,PK,SL,SO,LK,SD,SY,TT,TN,UA,US,VE,YE,,,
Contests
Yes
Market analysis
Yes
Copy Trading Brokers
No
Bitcoin Forex Brokers
Yes
Social trading
No
Web trading
Yes
Forex pairs
Yes
CFDs
Yes
Crypto
Yes
Hedging
Yes
PAMM
Myfxbook Auto trade,Mql5 signals,,,
Mobile Trading
Yes
Scalping
Yes
Automated Trading
Yes
Partnership Programs
Yes
Free Phone
1800 88 55 71
Customer Support
24/5
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