Go Markets Overview
Telephone: +61 3 8566 7680
Regulation: ASIC
Pairs offered: EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD, NZD/USD, and EUR/JPY.
Minimum Deposit: $200
Spreads From: 1.2 PIPs
Max Leverage: 300:1
Markets: Forex, indices, commodities, cryptocurrencies
Deposit Options

Go Markets Broker Review

Go Markets ¬ is owned and operated by Go Markets Pty Limited with AFSL license #254963, ACN #081864039, and ABN #85081864039. This Forex brokerage is authorized to provide Forex trading services to legal age clients in Australia. Additionally, affiliated companies with Go Markets offer services to clients globally. This Forex broker is headquartered in Melbourne, Victoria in Australia. Clients have access to multiple platforms, and a variety of financial instruments. These include Forex, indices, commodities, and cryptocurrencies. To facilitate an understanding of the Forex markets at zero risk to the trader, Go Markets offers a demo account as well as a comprehensive education centre.

Overview/ background

 

Go Markets is headed by a team of experts. These include economic analysts with in-depth insights into the Asian market, the Australian market, and the New Zealand market. One of the leading authorities at Go Markets is Mike Huang who has extensive experience as an options trader and an equity trader. Clients can access a wealth of educational resources on FX trading with a trial demo account, and a live account option. This Forex brokerage utilizes MetaTrader 4 and mobile trading platforms along with a range of Forex trading tools to help you get the most out of your sessions.

Go Markets has an excellent rating on TrustPilot UK with a 5-star review, indicating that clients trust the Forex services provided by this brokerage. This ASIC regulated brokerage features many benefits such as hedging, scalping, STP and low minimum deposits. The security protocols in place require that clients scan a copy of their national ID, passport, or driving license. Additional security verification procedures are also needed such as utility bills, bank statements and proof of residential address. Clients are required to indicate their level of trading experience, to expedite the registration process.

 

Account Types

 

Go Markets features 3 account types. These include a Standard Account, a Pro Account, and a Plus + account.

Standard account: This is the most basic account option available to Forex traders and it offers zero commission trades, 24/5 customer support and spreads from as little as 1.1 pips. There is a $200 minimum deposit required.

Pro account: The Pro account has spreads from as low as 0.1 pips, and the fees are $3.50 per side. Customer support is available 24/5 and the minimum deposit is $1,000.

Plus account: a $500 minimum deposit is needed to open a plus account, but there are many benefits such as raw spreads from as little as 0.0 pips. The fees are $3 per side, and this account option features a dedicated account manager. Clients also have complimentary access to MetaTrader 4 Genesis and Autochartist.

 

Trading Platform/ software

 

The trading platforms include MetaTrader 4 for Windows, Mac and mobile. MetaTrader 4 is available in a trial demo account, and a live account. For Forex traders, it’s a no-brainer – MT4 is regarded as the gold standard. Indeed, it was Go Markets that first brought MetaTrader 4 to Australia as early as 2006. As such, this brokerage has over a dozen years of experience using this platform for its traders. Now, an additional selection of trading tools known as MT4 Genesis has been introduced. Among the many benefits of the trading platform are EAs (Expert Advisors), VPS options, mobile trading on MetaTrader 4, advanced charting features, and rapid executions of trades. Combined, clients have access to 60+ trading instruments on MetaTrader 4. These include binary options, indices, commodities, and FX pairs. MetaTrader 4 tutorials provide a useful supplement to PC, Mac and mobile traders. You can download installation guides and access a wealth of indicators, economic calendars and market orders at your leisure.

MetaTrader 4 for mobile features 30 technical indicators, buy and sell orders, real-time pricing and instant executions of trades. Clients also get to enjoy the benefits of MT4 internal mail, and anytime/anywhere trading. The app is available direct through the Google Play Store, or the App Store. Thanks to the powerful mobile trading app, clients can easily open an account, manage their assets, open or close deals, and even modify existing deals. There are plenty of charts and indicators available, and you can view your trading history and enjoy market news at the click of a button. Fortunately, a demo trading option is available to clients as well.

 

Deposit options

 

The range of acceptable deposit methods includes the following: international transfers (bank wire transfers), BPAY, debit cards, and credit cards. Clients can fund their accounts with a wide variety of currencies including the Singapore dollar, New Zealand dollar, EUR, US dollar, Australian dollar, and the British pound. Deposits that are made via credit card or debit card in Australian dollars will incur a 1.8% fee, while deposits made in other currencies are subject to a 3% handling fee.

 

Markets

 

There are four broad categories of products available to clients: Forex (FX) indices, commodities, and cryptocurrencies.

Forex – Forex includes the EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD, NZD/USD, and EUR/JPY. A full range of major pairs, minor pairs, and exotic currency pairs is available.

Indices – FTSE 100, CAC 40, S&P 500, EuroStoxx50, Ibex 35, Dow Jones Industrial Average, NASDAQ 100, Nick a 225, Hang Seng, India 50 and others.

Commodities – Brent crude oil, WTI crude oil, palladium, platinum, gold, silver

Cryptocurrencies – Bitcoin and Ethereum

 

Bonuses

 

You can access the listing of promotions at Go Markets by navigating to the promotions page. You’ll be rewarded with AUD$100 for every friend that you refer to this brokerage (T&C apply). For further details of this and/or any other bonuses that are available, simply contact the customer support team. For UK clients, it’s important to bear in mind that no FCA-regulated brokerage is allowed to offer bonuses to traders.

 

Support

 

You can enjoy 24/5 customer support from Go Markets. The telephone number for Australia is 1-800-885-57 one. If you are accessing the Forex platform from abroad, you can use the international telephone numbers. For UK clients, the number is +44-203-637-7618. For international clients, the telephone number is +61-3-8566-7680. Email support can be addressed to the following address: [email protected]. Other additional contact options include frequently asked questions and live chat powered by Zendesk (when available).

 

Safety

 

Go Markets is guaranteed safe and secure. For starters, this Forex brokerage is fully licensed and regulated to offer real money trading to Australian and other clients courtesy of ASIC. The Australian Investments and Security Commission is the equivalent of the FCA down under. This brokerage also holds Australian Financial Services Licensing (#254963). The company also has offices around the world, notably in Italy, China, France, Spain, Germany and the United Kingdom.

 

Ease of Use

 

Go Markets is easy to use. There are multiple platforms, funding options, products, news updates, and educational resources to help you in your trading activity. The company offers leverage of 300:1 and an estimated 50+ FX pairs. Commodities and indices are available, in addition to Bitcoin and Ethereum. You will have no problems registering at this broker, provided you are from an eligible country.

 

Final Thoughts

 

With spreads from as low as 0.0 pips and fees at just AUD $3, this is one of the better Forex brokers on the market. While there are no stocks available, Forex, commodities, and indices provide a sizable quota of instruments to trade. The demo account is especially useful as it offers a risk-free way to trade.

Pros
  • Demo trading account
  • ASIC licensing and regulation
  • MetaTrader 4 and for mobile trading
Cons
  • Not regulated by the Financial Conduct Authority
  • No USA traders
  • No stocks
  • FCA concerns of clone firms
Go Markets Overview
Telephone: +61 3 8566 7680
Regulation: ASIC
Pairs offered: EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD, NZD/USD, and EUR/JPY.
Minimum Deposit: $200
Spreads From: 1.2 PIPs
Max Leverage: 300:1
Markets: Forex, indices, commodities, cryptocurrencies
Deposit Options
Pros
  • Demo trading account
  • ASIC licensing and regulation
  • MetaTrader 4 and for mobile trading
Cons
  • Not regulated by the Financial Conduct Authority
  • No USA traders
  • No stocks
  • FCA concerns of clone firms