Go Markets is one of the premier CFD brokers operating in the financial market. GO Markets is providing forex trading in Australia since 2006. It has constantly thrived to offer state-of-the-art financial products for enthusiastic traders.
Go Markets Review 2022
Latest GoMarkets review: 10th July 2022
About GOMarkets company
What is Go Markets?
Go Markets is one of the premier CFD brokers operating in the financial market. GO Markets is providing forex trading in Australia since 2006. It has constantly thrived to offer state-of-the-art financial products for enthusiastic traders.
They are the official online trading partner of the Chelsea Football Club, one of the most popular clubs in the Premier League (England).
INFO
- Broker/Platform Name Go Markets
- Founded 2006
- Headquarters Sydney (AU), Cyprus (EU) and Mauritius
- Support Live Chat, Email and Phone
- Trading Platform MT4, MT5, Webtrader and Social Trading
- Min. 1st Deposit A$200
- Max. Leverage 500:1
- Spreads From 0.0
- Bonus Get a bonus of $300 to refer a friend*
- Free Demo Account YES - Open Free Demo
- Number Of Assets 350+
- Regulation ASIC, CySEC and FSC
- Mobile Trading YES
Go Markets Australia
They are a brand of GO Markets Pty Ltd. It is an Australian business with ABN of 85 081 864 039. Its ACN 081 864 039 and acts as an Australian finance company. Also, it is regulated by the Australian Securities and Investments Commission ASIC. Its AFSL registration number is 254963.
Go Markets Europe
GO Markets Ltd is a Cyprus investment firm authorized and regulated by CySEC (Licence No 322/17.) and serves all clients based in the European Union.
Go Markets MU
They also are regulated and authorized by the FSC (Mauritius) to offer their trading services to all international clients outside of Australia and the EU.
Is GoMarkets a trusted broker?
In the beginning, They solely focused on becoming a trustworthy broker. But in recent years, it mainly tries to attract clients who want to trade Forex. Consequently, it has gradually increased the range and reach. Currently, Go Markets offers several trading derivative assets. Such assets include Contracts for Difference (CFDs), Forex, commodities, stock, indices, and metals.
GO Markets is one of the pioneers of online forex in Australia. Moreover, it has thrived to introduce cutting-edge financial platforms in the market. Recently, it started working with Currenex to offer more liquidity and robust trading experience to its clients.
Most brokers in Australia are focusing on luring CFD traders with lucrative offers. Nonetheless, this broker has built its reputation as a premier financial company that invests heavily in developing the infrastructure. It also offers top-class order executions compared to the competitors in the market.
Trading Platforms
Metatrader 4 & Metatrader 5
GO Markets is primarily a Forex broker. Its trading platform is mostly focusing on offering traditional trading. It involves buying and selling various asset classes. Such as Forex currency pairs, various commodities, and cryptocurrencies.
GO Markets mainly offers MetaTrader 4 and 5 based trading platforms.
MT4 Genesis
GO Markets also offers the MT4 Genesis to enhance the forex trading experience. It is a comprehensive suite of MT4 trading tools. MT4 Genesis is a set of expert advisers that can help traders greatly enhance the trading experience. It does so by offering a newly designed terminal window. There is also the Mini Terminal, Session Map, Correlation Trader, and, Sentiment Indicator.
MT4 Genesis also offers a sophisticated order management system. This system allows easy access to your existing open orders.
Furthermore, online traders can create and receive trading alerts with MT4 Genesis. It is based on their preset criteria. Moreover, with the instant alerts system, you will be notified of the momentum the market has developed a trading opportunity. This way, you execute your trading strategy and will not miss any trading opportunities.
MT5
They provide also the advanced platform Metatrader 5 t0 trade forex, commodities, indices, metals, and shares. This software uses a wide variety of trading and analysis tools, a big number of execution types, and market depth options. MT5 is more focused on advanced traders who look for a wide range of features.
Types of Accounts / Demo
GO Markets offers 2 types of accounts. The Standard Account and a GoPlus+ Account. These different accounts help beginners and experienced traders, respectively.
The basic offerings like leverage are fixed on both accounts. Other fringe services include VPS, access to Auto chartist, and MT4 Genesis. These are for the Pro Account holders.
However, Standard Account holders can also enjoy these services by making a $200 deposit in their account. But to open the Pro Account, you will need a $1,000 minimum deposit.
Recently, Go Markets started offering another exclusive account type known as PLUS. It comes with a dedicated account manager. But it requires a minimum $500 deposit in to open the account. One of the perks of the PLUS account with Go Markets is the ability to enjoy raw spreads. Here, the spread starts from 0.0 pips. It means that PLUS account holders will be able to trade without paying any fees to Go Markets at all!
GoMarkets offers a free Metatrader 4 Demo account with $100,000 in virtual funds.
Assets Offered
They offers a range of assets. Including Forex, Share CFDs trading, and commodities, indices, and metals.
Some of the popular assets for forex trading offered by Go Markets are XAG/USD and XAUUSD. Under Forex pairs, GO Markets currently offers AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, AUD/USD, CAD/CHF, CAD/JPY, CHF/JPY, EUR/AUD, EUR/CAD, EUR/CHF, EUR/JPY, EUR/NZD, EUR/USD, EUR/GBP, GBP/AUD, GBP/CAD, GBP/CHF, GBP/NZD, GBP/USD, GBP/JPY, NZD/CAD, NZD/CHF, NZD/USD/NZD/JPY, USD/JPY, USD/CAD, and USD/CHF symbols for trading.
Minimum Deposit Requirements
The minimum deposit requirement of GO Markets for its respective accounts is straightforward. To open a Standard Account, traders need to open an account with a minimum $200 deposit.
Promotions & Bonuses
Refer a friend and get a bonus of $300 and up, depending on conditions met. You need to register as IB (introducing broker) to take part.
*This promotion is only available for clients of Go Markets MU.
Deposit and Withdrawal Methods
Go Markets offers trading accounts in several currencies. Including the Australian Dollar (AUD). Besides, you can also open accounts in US Dollar, British Pounds (GBP), Euros (EUR), New Zealand Dollar (NZD), and Singapore Dollar (SGD).
There are several deposit methods as well. For example, the most convenient method to deposit funds into your trading account would be Visa and MasterCard debit or credit cards. These deposits are processed instantly.
GO Markets also support third-party payment processing companies like Skrill and PoLi. For Australian account holders, GO Markets accepts the popular BPay payment method. As an international client of GO Markets, you can make deposits using international bank-to-bank wire transfers too.
One of the best features of GO Markets is that they do not charge any additional fees for withdrawing profits. It is a welcome feature that other brokers can certainly follow
Customer Support
Customers of GO Markets can avail of customer support by emailing Go Markets at support@Go Markets.com.au
Its official address is Level 50, 120 Collins Street, Melbourne, VIC 3000, Australia.
Go Markets has also listed three dedicated phone numbers to serve different geographic locations. For example, customers from Australia and Europe can call two different numbers 1800 88 55 71 (AUS) and +44 207 621 8925 (UK), respectively.
On the other hand, customers from other regions and countries can call another dedicated number (+61 3 8566 7680) during business hours. They are open from Sunday, GMT 21:00 to Friday GMT 21:00.
During our research for this review, we made several test calls to their customer support desk. We found their staff on duty to be very helpful and knowledgeable trading.
Usually, most brokers do not invest in their human resources. Instead, they try to beat competitors by offering promotions. Or by cutting costs of trading in terms of spreads and commissions. However, it appeared that Go Markets took the time to properly train their support staff. It led us to believe that they understand the nature of this business.
GOMarkets Review: Conclusion
GO Markets is one of the handful of trading brokers in Australia that uses Currenex technology. It helps them provide more liquidity to their customers. Moreover, its state-of-the-art trading infrastructure helps binary options traders execute their trades at a faster speed. We found the executive time is faster than competing brokers in the Australian market.
Having two separate accounts allows GO Markets to cater to both beginner and professional traders. Furthermore, the lower minimum deposit Standard Account allows starting traders to try out their strategies with less risk. This way, traders can invest more as they gain more experience.
GO Markets is one of the most reputed Forex brokers. It is catering to the growing CFD market in Australia. If you are considering giving online trading a try, GO Markets could be a good option.
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GO Markets Details
