GO Markets review and tutorials

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Detailed GO Markets Review 2020: Forex, CFD'S and Crypto Regulated Broker

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GO Markets trading information

Bonus
No
Instruments
Forex, CFDs, Indices, Commodities, Binary options, Crypto
Demo Account
Yes
Min. Deposit
200%
Min. Trade
0,01 lots
Regulated By
ASIC
MT4 Integration
Yes
Mobile Apps
Yes
Auto Trading
Yes
Trade Signals
Yes
Islamic Account
No
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Forex

GBPUSD Spread
0,4 pips
EURUSD Spread
0.2 pips
EURGBP Spread
0,7 pips
Assets
N/A

CFD

FTSE Spread
N/A
GBPUSD Spread
N/A
Oil Spread
N/A
Stocks Spread
N/A

Cryptocurrency

Spread
20
Coins
BTC, ETH, LTC, RPL

Official GO Markets Registration

What’s GO Markets?

GO Markets was founded in 2006 as a brokerage company operating under the supervision of ASIC (Australia) in full compliance with local regulations, guided by demand, competitive spreads and technical advances.

Where is GO Markets based?

The brokers, from their headquarters in Australia, also have offices in the United Kingdom, Taiwan and Hong Kong, while at the same time offering a trusted trading climate linked to advanced technology and allowing traders to develop strategies and enhance trading outcomes.

Ultimately, Go Markets, along with its continuous help, pledges and challenges great opportunities available to any size trader for good trading results. So let’s get a closer look at what’s so rewarding and good about Go Markets’ proposal.

ProsCons
In the game for yearsSwap-free account only available for MENA residents
Globally recognized and multiple-awards broker
Platforms MT4 and MT5 offered
Copy Trading and Social Trading capabilities
Excellent support, learning and research tools

Is GO Markets safe or a scam?

The first thing to test before continuing the analysis of the Go Markets broker is its license and related registrations, which ensure a secure trading climate. GO Markets is allowed to operate financial services under the Australian Financial Services License, known worldwide as the ASIC.

ProsCons
Regulated broker with good record and history of operationNone
ASIC license and overseeing
Negative balance protection
Global expansion

Concluding in clear terms – all tools and relevant set-ups that include a secure trading atmosphere are in compliance with regulatory requirements and various audit laws. GO Markets, as an OTC derivative provider, is expected to adhere to the disclosure standards set by the ASIC company while, while on the other hand, investors recognize the risks and potential benefits.

Protection of Investors

Typically, risk management is established through a variety of practices, including hedging counterparties and customer fund segregation at the National Australian Bank (NAB), along with margin calls and fair use policies. In addition, as a fully regulated financial trading provider, GO Markets is committed to strict security of clients’ funds by segregation, as well as to fair conditions that are regularly monitored and audited by the authority.

Leverage

Another nice feature when trading Forex is a leverage allowance, which may theoretically increase your earnings in a timely manner. Nonetheless, and in order to minimize the risks that function in both ways, it is necessary to learn how to use leverage smartly.

What’s the max leverage in GO Markets?

GO Markets, as an Australian broker approved by ASIC, still allows high leverage ratios of up to 1:500 for Forex instruments. Please refer to the table below and see how the percentages are also multiplied by the scale of the account.

Account Opening

The account opening from which you will have access to your trading account, money management, fee reports and other resources all featured GO Markets account area that you can open via a seamless, fully digital sign-in.

ProsCons
Fast account openingNone
Easy switch between Demo and Live Accounts
Standard and GO Plus+ ECN Account
Range of Account base currencies

Types of Account

The broker offers two account types, Standard and GO Plus Accounts, with the flexibility to handle the trading method and to choose the best fit. There is therefore a choice between a standard trading proposal based on spread charges and exposure to a true ECN environment through GO Plus+ specifically designed by means of light-fast technology.

In addition, the account can be opened in a number of different currencies, including AUD, USD, GBP, EUR, NXD, SGD.

How to Open an Account

You should open a Demo account first, which will only allow you to build a login page with an email address and a password. Further on, if you want to go live, follow the next steps:

  • Enter all parameters, including name, e-mail, phone, etc.
  • Choose the type of account and the basic currency
  • Specify your company experience and expectations
  • Upload proof of address, name, etc. (due to regulatory requirements)
  • Submit

Once your account has been approved, follow with your money deposit.

Fees

As we can see, the Standard account does not identify any commission bases, offering spread based only on the 1.1-pips option, and is the best match to start trading without any complications.

In addition, the GO Plus account is already an option for advanced traders or those whose strategy requires it as spreads from 0.0 pips and trading costs included in the fee of $3.00 per hand.

ProsCons
Available options between only spread account or commission charge through GO Plus+ ECN AccountNone
Low CFD fees
Good standard account spreads
No hidden costs

Spread

GO Markets spreads as specified in the account you use, while the Standard Account will give a slightly higher spread and the Plus traders will receive an interbank spread but with commission per transaction. See below, for example, a comparison of the Standard spread offering as well as a comparison of fees with another common One Financial Markets broker.

Always, always recognize the overnight fee as an expense, also known as the Rollover rate or the interest in holding positions open overnight.

Comparison of rates for GO Markets and similar brokers

Asset/ PairGO Markets FeesAvaTrade FeesXM Fees
EUR USD1.2 pips1.3 pips1.6 pips
Crude Oil WTI1.9 pips35
Gold1.4 pips4035
BTC USD200.75%60
Inactivity feeYesYesYes
Deposit feeNoNoNo
Fee rankingLowAverageHigh

Trade Instruments

Offering of instruments based on a range of more than 350+ instruments across Forex CFDs, Indices and Commodities Markets, as well as Binary Options and Cryptocurrencies. While each instrument has its own requirements and trading conditions, we appreciate the selection offered as it allows diversified portfolios and trading competitive markets.

Overall, Cryptocurrency trade developed with a leverage of 5:1 for Bitcoin and Ethereum with a maximum trading size of 5 and a margin of 20 percent. Binary trading, which is luckily available on the Go markets to deliver attractive returns between 60-80 percent potential returns with a small commitment of $5 while $500 trades accepted major currency pairs at a time of 5 minutes.

Deposits and Withdrawals

Deposits to a live trading account can be made in a number of convenient ways, though payments will not attract additional processing fees. GO Markets does not charge any internal withdrawal fees; however, withdrawals to non-Australian banking institutions may be waived for certain fees and are your responsibility, so be sure to check them as well.

ProsCons
Fast digital depositsNone
No internal deposit fees or withdrawal fees
Multiple account base currencies

Tools for Deposit

Payment options include:

  • Credit card or debit card,
  • Bank to bank via Australian banking institutions
  • Payment via BPAY
  • E-payments such as Skrill, Neteller, POLi

Minimum deposit

And the last thing we didn’t cover is the minimum amount of the deposit. GO Markets set $200 as a start that allows you to use full live trading service and open a Standard Account.

Withdrawal

In the same way, you can use the same methods for withdrawal of money, but still check with the customer service what method is appropriate to you according to your own residence and the policies or rules there.

How long is it going to take to withdraw money from GO Markets?

Withdrawal of money is not a complicated process, in fact, all money management happens right from your online account location, where withdrawal requests can be made at any time. Usually GO Markets, as a controlled broker processes withdrawals within 1-2 business days, provides additional time for your payment provider or other procedures.

Platforms for Trading

MT4 is indeed considered a Forex standard for traders around the globe, and GO Markets has chosen their mainstay as this tool, but in reality MT4 can differ from one business to another as the broker can implement various extensions and provide better features.

Web Trading

But looking at the GO Markets platform, we found a comprehensive and advanced edition, where different versions were sponsored and developed. So you’ll find a Web Trading platform that’s nice to use on any computer since it doesn’t need installation, but might be a little less sophisticated with the tools.

ProsCons
Mainstay on MT4None
MT5 set as an option for trading as well
Numerous tools in package including MT4 Genesis, trading signals, EAs and more
Copy Trade, Social Trading and Technical Indicators
No restrictions on strategies
Available in various languages

Platform for Desktop Trading

Of course, the most commonly used MT4 platform is available and suitable for Mac and PC models, which are certainly a must for experienced or active traders. In GO Markets Desktop Platform, you can enjoy full capabilities and great versatility, along with a fantastic GO Markets package that includes advanced tools like MT4 Genesis. It helps to manage global markets as well as to be computed with automated trading by expert advisors and various built-in indicators.

Look and Feel

So being a great platform for all levels of traders, MT4 is an outstanding charting program where parameters or drawing items are of a very high level. In addition to 3 types of charts and display options, the look itself is clean and comfortable.

In addition, the GO Markets are increasing their offering by adding MetaTrader5 to their plan, which is a newer and more sophisticated variant of the beloved MT4. So if you prefer this app, go ahead, along with copy and social trading tools that can be accessed via myFXbook, a world-leading site with more than 90,000 people that can be replicated or copied by business professionals to the advantage of both.

The Mobile Trade Platform

Of course, all platforms feature a mobile trading app, so you can use mobile devices that give you absolute freedom to trade. The MT4 and MT5 systems include Go Markets mobile platforms, along with their streamlined models, all connected to a single account.

Tools

Finally, there are special tools like the VPS service, which are an option that you can also rely on. Since it gives access to hi-tech trading, Algos and Expert Advisors can operate remotely and without stopping. An active live account will be used free of charge if the minimum balance of $3,000 is maintained, or a service fee of $30 a month will be charged.

Customer Support Services

So again, Go Markets Customer Service was ranked #1, in addition to the awards it won in other respects. Successful brokers have acknowledged the need for quality service, but of course not everyone can have one.

Nevertheless, GO Markets is also ahead in this regard, so you can count on the appropriate and fast answers from GO Markets Customer Support. The broker’s team is available around the clock and supports international languages that can be accessed through Live Chat, email and phone lines in Australia, UK and globally, too.

ProsCons
24/5 supportNo 24/7 client support
Quick response and Relevant answers
Live Chat, International Phone Lines and email
Well-recognized customer care service

Training and Education

And of course, given that novice traders are always facing major challenges when exploring trading opportunities, GO Markets provides the educational materials and research tools needed to conduct seamless trading. GO Markets Education Programs and its GO Markets Academy are numerous award-winning materials that are identified by all levels of traders and available for free use.

So at the GO Markets Academy and Education Centre, you can find Forex trading lessons, video tutorials, tutorials and workshops and webinars in different languages. Furthermore, the Demo Account is offered for free use with no limitations where beginners can check the strategy or see the Go Markets setting.

ProsCons
Education provided for freeNone
Awarded programs
Free trading signals and research tools
Social trading and trading ideas
Webinars and video lessons
Market outlook
Autochartist, Trading Central, MT4 Genesis included

Research

As for the Research Tools, in addition to the very comprehensive research built into the Metatrader 4 framework, Go Markets also cooperates with Autochartist and Trading Central providers so that you can use its free trading signals and ideas for your benefit. In addition, there are thousands of MetaTrader4 & 5 Add-ons left in your suite that are defined by the instrument and stated parameters, where you can also use the great MT4 Genesis tool.

Conclusion

Overall, the GO Markets review shows a broker conducting a straight-line trading process with various offered incentives and indeed a vast amount of excellent rewards earned either from industry publishers or from global traders.

One of the main attractions is a wide range of trading instruments, including binary options and recent trends with a bunch of cryptocurrencies, while all instruments exchanged with competitive pricing for each of the provided account types beginning at 0.0 pips.

In addition, the mainstay of the well-known MT4 broker enhanced the proposal with strong, free-to-use technical tools, enabling traders of any style and budget to find a way to participate, as well as through the social trading environment. All in all, we strongly believe that GO Markets, together with its strong adherence to the regulation, does indeed make very good trading proposals appropriate for both beginners and professionals.

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