GO Markets is an Australia-based Forex and CFDs broker founded in 2006. The broker provides 1000+ tradable CFD instruments including forex, shares, commodities, indices, metals, and treasuries. GO Markets is regulated by the ASIC in Australia, the CySEC in Cyprus, the FSC in Mauritius, and the FSA (Seychelles).
GO Markets is a global online broker, who first partnered with Chelsea Football Club in October 2020 as the Club’s official online trading partner. As one of the longest-standing, most trusted and reputed online brokers, with regulated operations in multiple jurisdictions, GO Markets offers multi-asset brokerage and liquidity to its retail and institutional clients globally. Since its formation in 2006, GO Markets has specialised in providing online trading services in an array of assets including Forex, Shares, Indices and Commodities. As with Chelsea FC, GO Markets is accustomed to winning and has been recognised for their focus on premium customer service, low costs, and quality execution.
GO Markets Pros and Cons
GO Markets is a well-known and respected broker that provides trading facilities with top-tier regulations and licenses. Our research showed that GO Markets provides quality trading conditions with the selection of platform, copy trading, social trading or auto-trading capabilities. There are excellent support, learning, and research tools. The broker also offers negative balance protection
As for the cons, we found that the main point is that the conditions are different in each entity. Another point is that the broker’s support is not available 24/7.
|Long years of operation||Conditions may vary according to regulation and entity|
|Globally recognized and multiple awarded broker|
|Platforms MT4 and MT5 offered|
|Excellent support, learning and research tools|
Overall GO Markets Ranking
Based on our Expert findings, we find GO Markets a reliable broker with a good reputation and high-level protection. The service provided by the broker is favourable entailed with good trading conditions suitable for both novice and experienced traders. While the main point is
- GO Markets Overall Ranking is 7.9 out of 10 based on our testing and compared to over 500 brokers, see Our Ranking below compared to other industry Leading Brokers.
|Ranking||GO Markets||Interactive Brokers||RoboFOrex|
|Advantages||24/7 support||Low Minimum Deposit|
GO Markets Alternative Brokers
Despite all the good conditions and low spreads provided by GO Markets, we find that a minimum deposit requirement for account opening is a drawback alongside slim trading product selection. Here are some alternative brokers for GO Markets:
- Pepperstone – Excellent Broker with a vast range of products
- RoboForex – Good broker with a low minimum deposit
- Dukascopy – Excellent for Shares, Futures Trading
GO Markets Leverage
Another great feature while trading Forex is an allowance to use leverage, which may potentially increase your gains timely. However and in order to minimize risks as well, which work in both directions, it is necessary to learn how to use leverage smartly.
What is the Maximum leverage in GO Markets?
GO Markets Leverage depends on the entity you have an account with since leverage falls under certain regulations. International Traders can access high-leverage ratios.
European GO Markets clients are entitled to a maximum of 1:30 according to regulations.
GO Markets Pty Ltd, Mauritius (FSC) offers leverage up to 1:500
The broker offers two account types Standard and GO Plus Accounts with the flexibility to manage the trading way and choose the best fit. So there is an option between a Standard trading proposal based on spread charges and access to a true ECN environment via GO Plus+ specifically designed through light-fast technology.
In addition, the account can be opened in a few different currencies as a base one including AUD, USD, GBP, EUR, NZD, SGD, CHF, CAD, and HKD.
|Fast account opening||None|
|Easy switch between Demo and Live Accounts|
|Standard and GO Plus+ Accounts|
|Range of Account base currencies|
GO Markets Fees
GO Markets pricing is mainly built into a spread, Standard account defines no commission bases, bringing spread only basis starting from 1.1 pips option and is the best match to start trading with no complications.
Further, the GO Plus Account is already a choice for advanced traders or those whose strategy requires it as spreads from 0.0 pips and trading costs inbuilt in the commission of 3.00$ per side.
- GO Markets Fees are ranked low with an overall rating 8.6 out of 10 based on our testing and compared to other brokers. Fees might be different based on entity offering, see our findings of fees and pricing in the table below, however, GO Markets’ overall fees are considered good.
|Fees||GO Markets Fees||AvaTrade Fees||XM Fees|
Deposits and Withdrawals
Deposits to the live trading account can be done in numerous convenient ways while the payments will attract no additional processing fees. GO Markets does not charge any internal fees for withdrawals, however, fund withdrawals to non-Australian banking institutions may be waived for some fees and are your responsibility, so make sure to check those as well.
GO Markets Funding Methods we ranked Excellent with an overall rating of 7.8 out of 10 in comparison to other brokers. The fees are either very little or no fees at all depending on the entity. On top of that, the range of funding methods is quite wide.
The payment options including
- Credit or Debit Card,
- Bank transfers,
- BPAY payments,
- e-payments like Skrill, Neteller, POLi
MT4 is truly considered a Forex standard for traders around the globe indeed, thus GO Markets chose their mainstay as this technology but actually, MT4 may vary from one company to another since the broker can implement various extensions as well to provide better features.
- We ranked GO Markets Platforms Score 7 out of 10. The broker offers a variety of trading platforms including industry-leading MT4 and MT5.
Trading Platform Comparison to Other Brokers:
GO Markets Review ConclusionOverall, our GO Markets review shows a straight trading process broker with numerous benefits and indeed a vast amount of excellent rewards received either from industry publish or worldwide traders. One of the main attractions is a comprehensive range of trading instruments, even including Binary options and recent trends with a bunch of Cryptocurrencies, while all instruments are traded with competitive pricing according to each of offered account types that are starting from 0.0 pips.
Based on Our findings and Financial Expert Opinions GO Markets is Good for:
- Beginning Traders
- Regular Traders
- Professional Traders
- Technical Trading
- Auto Trading
- Traders who prefer MT4 platforms
- Currency Trading and CFD Trading
- Running various Strategies
- EAs trading
- Social Trading
- Excellent Research