Unique Selling Points
Here are some unique selling points for Go Markets:
Trading Tools: Go Markets provides various trading tools to help traders analyze the markets and make informed trading decisions. These tools include economic calendars, market news, and technical analysis tools, giving traders a comprehensive overview of the markets and helping them stay ahead of the curve.
Competitive Spreads: With spreads as low as 0.0 pips on certain currency pairs, Go Markets offers some of the tightest spreads available. This can be a huge advantage for traders looking to reduce their trading costs and maximize their profits.
Flexible Account Types: Whether you're a beginner or an experienced trader, Go Markets offers a variety of account types to meet your specific trading needs. With options such as Standard, Plus, and Pro accounts, you can choose an account that best fits your trading style and budget.
Multiple Platforms: Go Markets offers access to both the MT4 and MT5 platforms, which are popular among traders. These platforms are available for desktop, web, and mobile trading, making it easy for traders to access their accounts and trade from anywhere.
High Leverage: Go Markets offers leverage of up to 500:1, which is higher than the industry standard. This allows traders to increase their potential profits, but it's essential to remember that higher leverage also means a higher risk of losses.
Reliable Customer Support: Go Markets offers 24/5 customer support via phone, email, and live chat. Their support team is known for being friendly, knowledgeable, and responsive, providing traders with the assistance they need whenever they need it.
Introduction
Go Markets is an Australian-based online forex and CFD broker that has been providing trading services to clients since 2006. With its headquarters located in Melbourne, Go Markets has established itself as a reputable broker in the industry, serving clients globally with its advanced trading platforms, competitive spreads, and high-leverage offerings.
Go Markets offers a range of trading instruments, including Forex, indices, metals, and commodities, available to trade on the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms.
As one of the leading brokers in Australia, Go Markets has built a strong reputation for offering some of the tightest spreads in the industry, starting from as low as 0.0 pips on some currency pairs.
In addition to its competitive pricing, the broker provides its clients with a range of account types, from standard to pro, allowing traders to select the account that best fits their trading needs. This Go Markets review will provide an in-depth look at the broker's services, features, customer experiences, and feedback from various Go Markets reviews.
Supported Countries
The broker has a strong presence in Australia. However, Go Markets also caters to clients from other regions, including Asia, Europe, and the Middle East. Some of the supported countries include Australia, Austria, Belgium, Bulgaria, Canada, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hong Kong, Hungary, Iceland, Ireland, Italy, Japan, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, New Zealand, Norway, Poland, Portugal, Romania, Singapore, Slovakia, Slovenia, South Africa, South Korea, Spain, Sweden, Switzerland, Taiwan, United Arab Emirates, and United Kingdom.
The restricted countries include Afghanistan, Belarus, Burma, Côte d'Ivoire (Ivory Coast), Cuba, the Democratic Republic of Congo, the United States, Eritrea, Haiti, Iran, Iraq, Lebanon, Liberia, Libya, North Korea, Somalia, Sudan, Syria, and Zimbabwe.
Go Markets also offers its services in multiple languages, making it accessible to traders from diverse linguistic backgrounds. The supported languages include English, Chinese, Japanese, Malay, Thai, German, French, Spanish, Italian, and Arabic. Traders can easily switch between languages on the broker's website or trading platforms, ensuring a seamless user experience.
Customer Service Rating
Go Market has an excellent customer service rating of 4.8 stars out of 5 based on 180 customer reviews on Trustpilot. Many customers have praised their fast and efficient customer support, as well as their competitive spreads and user-friendly platform.
While some negative reviews highlight platform stability and account verification issues, Go Market has taken steps to address these concerns by improving their platform infrastructure and implementing a more streamlined account verification process.
With their commitment to customer satisfaction and ongoing efforts to improve their services, Go Market has earned a reputation as a reliable and trustworthy broker in the forex and CFD industry.
Go Markets Trading Platforms
MetaTrader 4 (MT4): Go Markets offers the popular MT4 platform, which is widely recognized as a reliable and user-friendly trading platform. Go Markets MT4 has advanced charting tools, technical analysis indicators, and automated trading capabilities. Traders can customize their trading experience by using Expert Advisors (EAs) and custom indicators.
MetaTrader 5 (MT5): Go Markets also offers the MT5 platform, which has some additional features and improvements over MT4. MT5 is known for its advanced charting capabilities, including displaying multiple timeframes on a single chart. It also offers a wider range of order types and trading tools.
WebTrader: Go Markets offers a web-based version of the MT4 platform, which allows traders to access their accounts and trade directly from their web browser without downloading or installing any software.
Mobile Trading: Traders who prefer to trade on the go can use the MT4 and MT5 mobile apps, which are available for both iOS and Android devices. The mobile apps offer full access to trading accounts, advanced charting tools, and real-time price quotes.
Go Market Trading Platforms
Demo Accounts (with a time limit): Go Markets offers a demo account with a time limit, which is an excellent way for traders to get a feel for the platform and test out different strategies without risking real money. The demo account is a simulation of the live account with the same trading conditions and prices, providing traders with real trading experience. The demo account also offers access to educational resources, allowing traders to learn about the market and trading strategies. The time limit on the demo account varies depending on the account type but typically ranges from 30 to 90 days.
Standard Accounts: The standard account is the most common type of trading account offered by Go Markets. This account type requires a minimum deposit of $200 and provides access to all of the trading instruments available on the platform, including Forex, indices, commodities, and cryptocurrencies. The standard account has competitive spreads and allows traders to leverage up to 500:1, potentially amplifying their profits.
Segregated Accounts: Go Markets also offers segregated accounts, which are separate from the broker's operating funds. This means that traders' funds are kept in a different account and are not used for any other purposes, providing an extra layer of security for traders. Segregated accounts are typically reserved for high-net-worth traders, and traders must contact customer support to request a segregated account.
Trading Denominations on Go Markets
The available currencies for deposit and withdrawal include Australian Dollar (AUD), United States Dollar (USD), Euro (EUR), British Pound (GBP), Canadian Dollar (CAD), Hong Kong Dollar (HKD), Japanese Yen (JPY), New Zealand Dollar (NZD), and Singapore Dollar (SGD).
It's worth noting that currency conversion fees may apply when depositing or withdrawing funds in a currency other than the account's base currency.
Company Structure
Go Markets is an Australian-based online forex and CFD broker that was established in 2006. The company is privately owned, and its name is derived from the fact that it provides access to global financial markets (the "Go" part) and its focus on Forex (the "Markets" part).
The company is headquartered in Melbourne, Australia, and is regulated by the Australian Securities and Investments Commission (ASIC).
Go Markets has a team of experienced professionals who are committed to providing excellent customer service and support to their clients. The company has over 100 employees, including a dedicated customer support team that is available 24/5 to assist clients with their trading needs. The team includes experienced traders, financial analysts, and customer support representatives who work together to ensure clients have access to the best trading experience.
Go Markets is a well-established broker with a solid reputation in the industry. The company's focus on providing excellent customer service, competitive pricing, and a wide range of trading products has helped it to attract a loyal client base.
With its strong company structure, experienced team, and commitment to excellence, Go Markets is well-positioned to continue growing and expanding its services to clients worldwide.
Go Markets Licenses and Regulatory Compliance
Go Markets Pty Ltd (ABN 85 081 864 039) is regulated by the Australian Securities and Investments Commission (ASIC) under the Australian Financial Services License (AFSL) number 254963. The license was granted on September 28, 2006.
Go Markets UK Trading Limited is authorized and regulated by the Financial Conduct Authority (FCA) under registration number 706758. The license was granted on April 12, 2019.
Go Markets Ltd is authorized and regulated by the Vanuatu Financial Services Commission (VFSC) under registration number 14687. The license was granted on October 11, 2010.
Go Markets Lab Pty Ltd is registered with Seychelles's Financial Services Authority (FSA) under the license number SD014. The license was granted on June 3, 2021.
Go Markets Customer Protection
Go Markets takes customer protection seriously and provides multiple measures to ensure the safety of its clients. Some of the ways they do this include
Segregated Client Funds: Client funds are kept separate from Go Markets' operating funds in segregated client trust accounts, ensuring that clients' funds are protected during the company's insolvency.
Negative Balance Protection: Go Markets provides negative balance protection, meaning clients cannot lose more than their account balance.
Risk Management Tools: The company offers a variety of risk management tools, such as stop-loss orders and guaranteed stop-loss orders to help limit clients' losses.
Trading Information
This Go Markets review will provide a comprehensive range of trading information to assist traders in making informed decisions.
Tradable Instruments
Forex: Over 60 currency pairs, including majors, minors, and exotics.
Indices: Over 20 global indices, such as the US 500, UK 100, and Japan 225.
Commodities: Over 10 commodities, such as gold, silver, oil, and natural gas.
Cryptocurrencies: 7 popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin.
Share CFDs: More than 200 share CFDs from various international exchanges, including the US, UK, Australia, and Europe.
Go Market Leverage
Go Markets offers its clients competitive leverage options, allowing them to trade with higher positions and potentially amplify gains. The maximum leverage Go Markets provides is up to 500:1 on Forex trading and 200:1 on CFD trading.
However, it is essential to note that leverage can also increase risk, so traders should exercise caution and only use it with proper risk management strategies.
Here is a table showing the maximum leverage options for some of the most commonly traded instruments on Go Markets:
Instrument | Maximum Leverage |
Forex | Up to 500:1 |
Gold | Up to 200:1 |
Oil | Up to 100:1 |
Indices | Up to 200:1 |
Cryptocurrencies | Up to 5:1 |
Deposits and Withdrawals
Deposits
At Go Markets, they offer various methods to deposit and withdraw funds. Deposits can be made through credit/debit cards, bank wire transfers, BPAY, POLi, FasaPay, PayTrust, and Neteller.
The minimum deposit amount varies depending on the funding method, but it's usually AUD 200 or its equivalent in other currencies. There are no deposit fees, and funds are usually credited instantly except for bank transfers, which may take 2-5 business days to reflect in the account.
Funding Method | Minimum Deposit | Processing Time | Fees |
Credit/Debit Cards | AUD 200 (or equivalent) | Instant | None |
Bank Wire Transfer | AUD 200 (or equivalent) | 2-5 business days | None |
BPAY | AUD 200 (or equivalent) | Instant | None |
POLi | AUD 10 (or equivalent) | Instant | None |
FasaPay | USD 5 (or equivalent) | Instant | None |
PayTrust | AUD 10 (or equivalent) | Instant | None |
Neteller | AUD 10 (or equivalent) | Instant | None |
Withdrawals
Withdrawals can be made using the same funding methods mentioned above. Withdrawals are processed within 24 hours, except for bank wire transfers, which may take 2-5 business days to reflect in the account.
Go Markets does not charge any fees for withdrawals, but charges from intermediary banks or payment providers may apply. The minimum withdrawal amount also varies depending on the funding method, but it's usually AUD 50 or its equivalent in other currencies.
Withdrawal Method | Minimum Withdrawal | Processing Time | Fees |
Credit/Debit Cards | AUD 50 (or equivalent) | 24 hours | None |
Bank Wire Transfer | AUD 200 (or equivalent) | 2-5 business days | None(but intermediary bank fees may apply) |
BPAY | AUD 50 (or equivalent) | 24 hours | None |
POLi | AUD 50 (or equivalent) | 24 hours | None |
FasaPay | USD 5 (or equivalent) | 24 hours | None |
PayTrust | AUD 50 (or equivalent) | 24 hours | None |
Neteller | AUD 50 (or equivalent) | 24 hours | None |
Go Markets Trading Education and Training
Education Center: Go Markets provides a comprehensive Education Center on its website, which includes videos, eBooks, courses, webinars, and articles covering a wide range of trading topics.
Trading Guides: The broker offers free trading guides that cover basic and advanced trading strategies, risk management, and technical analysis.
Webinars: Go Markets regularly hosts live webinars that cover different aspects of trading, including market analysis, trading psychology, and risk management.
Demo Accounts: Go Markets offers free demo accounts with virtual funds, allowing traders to practice their strategies and test the platform without risking real money.
Personalized Training: The broker provides personalized training sessions with a trading coach, which can be tailored to meet individual needs and goals.
FAQs
Can a U.S. resident use Go Market?
No. Unfortunately, Go Markets does not accept clients from the United States due to regulatory restrictions.
How to Open a Go Market Forex Trading Account?
To open a Go Markets Forex trading account, go to the Go Markets website (www.gomarkets.com.au), and click the "Create Account" button. You will be required to provide some personal and financial information and upload a valid form of identification. Once your account is verified, you can fund your account and start trading. It's a straightforward process that can be completed in a matter of minutes.
Conclusion
Go Markets is a highly reputable forex and CFD broker offering various trading instruments, reliable trading platforms, and competitive trading conditions. With their various account types, customers have access to trading on the global financial markets. The company ensures the safety of its customers' funds through its segregated accounts and regulatory compliance.
The broker provides a wealth of educational resources and customer support services to help traders improve their trading skills and navigate the markets. From their user-friendly website to their comprehensive trading tools and analysis, Go Markets has made trading accessible to traders of all levels.
Go Markets is worth considering if you are looking for a trusted and reliable broker to start trading forex or CFDs. With their commitment to customer satisfaction, competitive pricing, and a wide range of services, they have established themselves as a leader in the industry. So, whether you are a beginner or an experienced trader, Go Markets can help you achieve your trading goals.
