GO Markets Review
4.5/5

GO Markets Review

✅ Over 600 trading assets
✅ Regulated
✅ Offers some of the best trading platforms
✅ Safe and Secure

Home » GO Markets Review
OverallCommissions & FeesLicensing & SafetyPlatforms & Tools
Points90879291
*To test the broker, we used our unique and detailed methodology, which assesses over 200 criteria points in 10 key areas.

OverviewFees and commissions SafetyOpening an accountAccount typesTrading PlatformsMarkets and productsResearch toolsEducation and trainingCustomer supportOur verdict

review

Deciding which Forex broker to use can be quite overwhelming, especially for beginner traders. Because there are so many Forex brokers available in the market, traders are having a hard time deciding which broker to trust and why. The key to finding the best Forex broker to start trading is to understand your wants and needs in the financial markets. Today, we are going to review GO Markets, which is a Forex broker with very long experience in the market.


The Forex broker offers traders very competitive services, which makes it one of the most popular brokerages in Australia. If you want to learn more about this brokerage and everything it has to offer, follow our detailed review and see if GO Markets is the right choice for you.

Overview of GO Markets – How Does it Work?

GO Markets is a Forex and CFDs Forex broker, which was created in 2006 by a team of professionals. Over the past few years, the company has managed to grow and become one of the leading Forex brokers not only in Australia but around the world as well.

While the broker was initially established in Australia, it has since opened offices in many different parts of the world, including London and Hong Kong. This has allowed the Forex broker to be able to provide services to traders all around the world. Since its establishment, the broker has been working on adopting innovative ideas and services to ensure every single client would be able to enjoy high-quality services. A very important thing about this brokerage is that it was the first Forex broker in Australia to adopt MetaTrader 4 and offer it to its clients.


The company has noted on several occasions that the trading journey of its clients is very important for the team, and it can be easily seen by taking even just one look at the services of the company. The broker stays committed to refining their technology and providing traders with very high-quality and useful educational material. Offering traders over 600 assets makes GO Markets a very user-oriented brokerage.

  • Pro Regulated in different jurisdictions
  • Pro Offers numerous trading assets (up to 600)
  • Pro Offers some of the best trading platforms
  • Con Is not regulated in the US, thus can’t provide services there
  • Con Only offers two account types

overall scores

In this review, you can find all the information you need to decide whether is the right broker for you. Our expert team has thoroughly explored the broker, using a tested methodology and scoring system. This process places importance on the things we know matter most to traders. Below you can see how scored in each of our high-priority categories.


Fees and Commissions of GO Markets

While reviewing GO Markets, we have decided to focus on all the small details that make GO Markets stand out from the others. One of the most exciting things that we were able to find out is how flexible the commissions and fees are at GO Markets. While the holders of different accounts have to pay different types of fees and commissions, they are generally not that high. There are no fees charged by the broker for deposits and withdrawals, which is great news for traders.

It means that you will be able to use your money to its full potential and once you make profits, you can get all of your money. However, it should be remembered by traders that there might be some fees or commissions charged by the issuer of your payment. This means that even if the broker does not charge any commissions on its part, there can be some fees charged by the payment issuer. So, always check information about fees and commissions with the issuer of your payment.

As for the in-trade commissions, the broker charges spreads, which are very tight and user-friendly. The spreads charged depend on several factors, including your account, which asset you are trading, as well as general market conditions, and the time of trading.


As for the available payment solutions for traders, there are many of them that can be used. Among them are credit and debit cards, such as Mastercard and Visa, as well as online payment solutions such as Skrill and Neteller. The broker also accepts bank and wire transfers, as well as Fasapay. Most currencies are supported using credit/debit card payments. All of the payment solutions are processed instantly, while bank transfers can take up to 3 business days. Also, traders should keep in mind that not all payment solutions are available in all countries.


You can check out which payment solutions are available in your specific jurisdictions from your Client Portal. Also, when talking about the fees and commissions of GO Markets, it should be noted that payments from and to international banking institutions might be associated with some intermediary transfer fees.


Safety & Security of GO Markets Reviewed

When looking for a Forex broker to start trading with, one of the most important factors that you should be focused on is the safety and security of your funds. One of the greatest guarantees for your safety and security is to only trust regulated and licensed Forex brokers that have a long history of offering traders safe and secure services. Trading with a regulated broker means that you are trusting a broker that follows strict trading rules, aimed at making the market safer for traders.

Being established in Australia, the broker of course owns a license from Australia’s main regulatory agency – Australian Securities and Investment Commission, ASIC. As the broker started working on the plans for future development and growth, it has managed to receive licenses from other jurisdictions as well. One of the licenses that the broker owns is from the Financial Services Commission of Mauritius, FSC, where it is regulated as an Investment Dealer.


While reviewing GO Markets, we were very glad to find out that the Forex broker has adopted numerous different policies to ensure the highest safety of its clients. Among the policies that GO Markets has adopted is the Negative Balance Protection, which protects traders from losing more money than they can afford.
By following the regulatory guidelines very strictly, GO Markets is able to guarantee the safety and security of its clients.


Account Creation Steps

  • Go on the website of GO Markets;
  • Click ‘Client Portal’;
  • Click ‘Create New Account’;
  • Provide individual information, including country of origin, name, email, date of birth, phone number, etc.;
  • Choose your trading preferences;
  • Verify your identity;
  • After you are verified, deposit funds;
  • Start trading.

Available Account Types on GO Markets

Choosing which account you want to use, in general, can be a hard decision to make. But, in the case of GO Markets, it is a very easy and simple decision to make. First of all, you will be required to understand what you are looking for and what are your plans and hopes in the Forex trading market. There are two types of accounts offered to the clients of GO Markets. These accounts are Standard Account and the GO Plus+. There also is a demo account option available for total beginners.

Demo Account

If you are Forex trading with little to no experience in the Forex trading market, it would be better to start trading using the demo account offered by this Forex broker. When reviewing GO Markets FX broker, we found that the demo account that it offers is a perfect way for beginners to learn more about the market and understand how the price movements actually work. There are many things that this account can be used for. For starters, it can be used by beginners to learn how the trading platforms work. On the other hand, it can be used by well-experienced traders to try out new trading strategies and see which one fits their individual needs the best.


This account type can be a great option for traders as it perfectly resembles actual market conditions. However, keep in mind that there are some things that can’t be learned with a demo account – for example, controlling your emotions. For this, it is always better to slowly start moving on to using a live trading account.

Standard and GO Plus+ Accounts

A standard account is created for all the clients of the Forex broker, who want to just trade Forex, analyze the market, and make some profits without any specific needs and wants. This account can be a great choice for both experienced and beginner traders. The clients of the broker using Standard Account have access to over 600 tradable assets, which includes assets such as Forex, share CFDs, commodity CFDs, indices CFDs, crypto CFDs, and many others.


There are no commissions charged to the holders of the account and the best thing is that the spreads are very tight, starting from as low as 1.1 pips, ensuring great comfort for traders. By partnering with over 22 liquidity providers, the broker is able to offer traders the best spreads. As for the minimum deposit, the clients of GO Markets are able to start trading with just 200 Australian dollars initial deposit. If you’re an experienced trader with a solid grasp of the market, GO Plus+ may be an excellent choice for you. One of the biggest advantages of this account is numerous trading tools and super low spreads and commissions.

Spreads start at 0 pips with this account and are raw. The fees are also quite minimal, with a standard lot costing just three Australian dollars in commissions per side. To open this account, just like it was for a standard account, traders are required to deposit at least 200 Australian dollars. This account also comes with a professional account manager, who will work with you to meet your specific requirements. Traders benefit greatly from the assistance of knowledgeable account managers.


Trading Platforms of GO Markets Reviewed

Getting started in the Forex trading market means that you should be familiar with how different types of Forex trading platforms work. There are several of them available on GO Markets and the clients of the broker can use whichever platform fits their needs the best. Among the available trading platforms you can find:

  • MetaTrader 4
  • MetaTrader 5
  • WebTrader
  • Social Trading Platform
  • Mobile Trading Platform

MT4 & MT5

GO Markets is known for many things around the world, but one of the things that it is most commonly associated with is bringing MetaTrader 4 into the Australian market. It was one of the first Forex brokers to adopt MT4 in Australia. MT4 has been available on GO Markets since its establishment back in 2006.

Since then, many things have changed and GO Markets managed to become one of the leading brokerages in the country, while MT4 became one of the best trading platforms in the industry. MetaTrader 5 was released in 2010 by the same company that created MT4. The trading platform offers several additional functionalities, such as access to trading assets like shares, commodities, cryptocurrencies, and others.

Both of the trading platforms offer traders access to very high-quality technical analysis tools as well as Expert Advisors, which are automated trading programs created to provide traders the maximum comfort when trading. Both of the trading platforms can be downloaded by traders on Windows as well as on Mac devices.

WebTrader

Created on the basis of MetaTrader, WebTrader offered by GO Markets can provide traders with amazing performance and trading experience. The trading platform is available through any browser and does not require to be downloaded, which can be very comfortable for many traders in the market.

Social Trading Platform

Social trading has become a very popular activity over the past few years. It is the process of following experienced traders and repeating the steps taken by them to ensure that you also make profits. For social trading, GO Markets offer traders one of the leading social trading platforms – Myfxbook. This platform is very well-known around the world and is trusted and used by thousands of traders around the world.

Mobile Trading

Thanks to the mobile trading platform offered by GO Markets, the clients of the broker are able to trade currency pairs using both iOS and Android devices. Those using tablet devices can also download the trading platform and trade currency pairs whenever they want to. Mobile trading makes everything a lot more comfortable and easy, which is a great advantage for traders.


Markets and Products of GO Markets

When reviewing GO Markets, we were very glad to find out that the Forex broker offers its clients access to over 600 trading assets. These instruments are from all different asset classes, including Forex currency pairs, cryptocurrencies, stocks, indices, and many others.


The Forex broker is also known for offering traders very high leverage, which can go up to 1:500. As our review of GO Markets shows, the leverage is available for only a selection of countries as other jurisdictions have blocked access to such high leverage. For example, in Australia, traders can’t use leverage higher than 1:30.

Such a high selection of trading assets is very important for attracting different types of traders. We believe that because there are so many different trading assets available on GO Markets, trades of all different backgrounds will be able to easily find something that fits their individual trading needs.


Reviewing GO Markets Research Tools

As we have already mentioned, there are numerous trading research tools available for traders through MetaTrader trading platforms. This includes different types of technical indicators that can be used by traders to analyze the price movements in the market in a very detailed and comprehensive manner.


In addition to this, the broker also offers traders Autochartist, which is a very useful and popular trading program that helps traders analyze the market in a detailed manner and understand the price movements in the market. This tool is able to provide traders with very detailed and real-time trading alerts as well as volatility analysis that can help traders understand the price movements in a better and more comprehensive manner. However, it should be noted that Autochartist can only be used on MT4 and MT5, and only on Windows PCs.


Education and Training – Review of GO Markets

As we have already noted in today’s review, GO Markets is very heavily focused on the individual experience of its clients. To ensure that every trader is able to make good profits, the Forex broker offers very extensive and useful educational material, which is full of detailed information about Forex trading. The educational material is full of detailed information about the basics of the Forex trading market as well as guides on hard-to-understand topics to ensure that clients are able to learn more.


Customer Support of GO Markets

When reviewing GO Markets, we focused on many different factors, including the customer support team of GO Markets. The broker has a very useful and professional team of customer support. You can contact the support using the following ways:

  • Online Chat
  • Contact Us Online Form
  • E-Mail: [email protected]
  • Phone number: +230 5869 0074

We tried all of the available options and were very glad to find out that the broker is always ready to provide clients with detailed information about its services and give support to anyone who might need it. It makes the Forex broker truly an amazing provider, which stands with its clients at all times.


Our Verdict

After reviewing GO Markets and every little detail about this Forex broker, we are able to say that it is a very good broker that is focused on providing clients with safe and secure services. The broker has been around since 2006 and since then, it has managed to become one of the leaders in the market. The broker works very hard to ensure that it offers high-quality, safe, and secure services to its clients and always stays committed to further innovations in the market.


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Cryptocurrency Trading
N/A
Min Deposit: 200AUD

5.0
Licensing & Safety
4.0
Markets
4.0
Bonuses & Promotions
5.0
Customer Support
4.5 Overall Rating

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