Minimum Deposit: 200 AUD
Maximum Leverage: 1:500
Hello everyone. I will introduce you to Go Markets in this article. GO Markets was established in Australia in 2006 as a provider of online CFD trading services.
For over a decade, as the industry and clients’ expectations keep evolving, they have positioned themselves firmly as a trusted and leading Australian regulated broker.
In this Go Markets review, you will have all information about the broker. Here are the questions that you will find the answers in this review.
Is Go Markets scam or reliable forex broker? How good are the trading conditions such as spreads, leverage, minimum deposit offered by the broker?
What kind of account types does Go Markets offer? Is Go Markets regulated or not? You will able to find the answers relevant sections.
Regulation and Licenses
The most important issue about a forex broker is reliability. If a broker has licenses to protect investor’s funds, it can be considered as a reliable broker.
GO Markets is licensed by the Australia Securities and Investment Commission (ASIC). License number is AFSL 254963. The company behind the broker is GO Markets Pty Ltd.
ASIC is Australia’s corporate, markets and financial services regulator. ASIC contributes to Australia’s economic reputation and well being by ensuring that Australia’s financial markets are fair and transparent, and supported by confident and informed investors and consumers.
ASIC’s priorities include promoting investor and financial consumer confidence and trust. Obtaining an ASIC license is not as easy as it seems. ASIC requires some stringent rules to forex brokers who want to provide assurance to their customers.
For example, all ASIC regulated Forex brokers must hold a minimum net capital AUD 1,000,000 to protect investors from bankruptcy or unexpected events.
ASIC ensures that all brokers can guarantee the safety of their client’ funds by keeping the funds in segregated accounts in the leading banks of Australia.
Account Types and Spreads
There are two account types in Go Markets. These are Standard and Go Plus account. There is also a demo account.
Standard account has 200 AUD minimum deposit. Spreads are from 1.0 pip. The leverage is up to 500:1. Minimum trade size is 0.01 lots. Available base currencies are AUD, USD, EUR, GBP, NZD, CAD, SGD, CHF, HKD. There is no commission for this account type.
Go Plus account has 500 AUD minimum deposit. The leverage is up to 500:1. Spreads are 0.0 pips + 3 A$ commission per side. There is free VPS. Available base currencies are AUD, USD, EUR, GBP, NZD, CAD, SGD, CHF, HKD.
The spreads and other trading conditions are good. This broker is worth trading. The minimum deposit requirement is low. It is very advantageous to invest with this company.
|Account Type||Spreads||Minimum Deposit||Leverage|
|Standard||1.0 pips + no commssion||100 AUD||1:500|
|Go Plus||0.0 pips + 3 AUD per side on standard lot.||500 AUD||1:500|
There are various trading instruments including forex, CFDs, precious metals, commodities, indices. The execution is quick and you can order with over 50+ forex pairs.
Traders can also diversify their existing portfolios with access to over 250+ instruments including Forex, Commodities, Indices, Cryptocurrency and more.
Go Markets offers two trading platforms. These are the most popular trading platform MetaTrader 4 and its new version MetaTrader 5.
The MetaTrader 4 (MT4) trading platform has long been considered the industry standard for Forex traders across the globe. MT4 can be used in Mac and Windows, mobile devices and Web browsers.
Combining simplicity with speed and a full range of features to help you gain an edge with your trading, our MetaTrader 4 Mac and Windows software includes:
- Access to over 250 trading instruments
- The ability to trade Forex, Indices & Commodities
- Full use of Expert Advisors (EAs) to automate your trading
- Built in indicators to analyse market movements
- Mobile trading systems for various smartphones
The MetaTrader 5 (MT5) trading platform allows you to enjoy freedom of movement to its full extent and stay active while trading from smartphones and tablets. By choosing the most convenient way from a variety of options, you can trade 24 hours a day!
GO Markets MT5 Trading Platform Features:
- 250+ Trading Instruments including Forex, Shares, Indices, Metals and Commodities, provided as CFDs.
- Full EA Functionality
- One Click Trading
- All Order Types Supported
- Over 80 Technical Analysis Objects
- Market Depth of Latest Price Quotes
- Hedging Allowed
Go Markets deposit and withdrawal methods make it simple to move your money from place to place.
Deposits, withdrawals, and internal transfers can all be performed from the Client Portal. You can deposit and withdraw via fasapay, Neteller, bank wire transfer, Poli, BPay, Skrill, and credit / debit card.
Note that GO Markets do not charge any internal deposit fees using Visa/Mastercard, Skrill, Neteller and Bank Transfer.
Withdrawal forms received before 1pm AEST will be processed on that same day. Any forms received after this time may not be processed until the next available business day.
Funds can only be returned to a bank account in the same name (or joint) as your GO Markets account due to third party transaction regulations.
GO Markets do not charge any internal fees for withdrawals, however, fund withdrawals to non-Australian banking institutions may be subject to bank fees from any intermediary bank involved in the transaction and may attract a receiving fee from your bank/institution. You should account for these fees when making withdrawals of a small amount.
Go Markets is a duly regulated forex broker. It has years of experiences operating in the online trading industry. It is a reliable and reputable company.
The broker has been offering various trading products with good trading conditions. It also offers MetaTrader trading platforms.
Go Markets is similar with Infinox for many features. You can also read my Infinox review to compare these two forex brokers.
If you want to open an account with this broker, you can click the ‘open an account’ button. You can also find the pros and cons about this broker in the table below.