GO Markets | Review | CFD Trading Platform

GO Markets | Review | CFD Trading Platform

GO Markets | Review | CFD Trading Platform Review

Our Review

GOMARKETS

Find all you need to know about GOMARKETS Trading Platform.

 

Topics

 

Is GO Markets safe or a scam?

Leverage

Accounts

Fees

Trading Instruments

Deposits and Withdrawals

Trading Platform

Customer Support

Education

Conclusion

 

What is GO Markets?

GO Markets is also an Australian based broker, founded in 2006. It has offices in many other countries such as Cyprus, the UK, Hong Kong, and Taiwan. It is a regulated and multi-award-winning broker with the availability of two different accounts. Leverage level allowed to traders is 500:1. According to the website GO Markets, 50 to 80 percent is the margin for stop out and call level, respectively.


 

Pros

Cons

Worldwide famous and award winner

Only MENA residence can access to swap-free account

If offers MT 4 and MT 5 platforms.

Each entity and regulation may apply different conditions.

Spreads start from 0.0 pip

No bonus offer

Initial minimum deposit is $200

 

No deposit fees

 

Web trader and social trader

 

It has award winning education program

 


 

 

10 Points Summary

 

Headquarters

Australia

Regulation

CySec and ASIC

Platforms

MetaTrader 4 & MetaTrader 5

Instruments

Forex, CFDs, Metals, Oil, and Global Stock Indices, & crypto currency

EUR/USD Spread

1.2 pips

Demo Account

Unlimited offers

Minimum deposit

200 AUD

Base currencies

USD, EUR, and AUD

Education

available

Customer Support

24/5

 

Is GO Markets a safe or scam?

Yes, GO Markets provides a safe trading atmosphere due to its licensed and different regulations. It is under-regulated by Australian Investment and Security Commission license known as ASIC. Besides, the EUROPEAN entity is under controlled by the CySEC license, where conditions may differ according to regulation. GO Markets also ensures negative balance protection.

Leverage

Use of the leverages in a smart way can boost your income and, as well as can decrease the risk of loss of money. GO Markets can allow you different ratios of leverages that depends on the maximum or minimum amount of money present in your account. For example, if you have a minimum of $200 or the highest balance of $250,000, then the leverage ratio will be 200:1. However, the maximum leverage ratio is 500:1.

Accounts

GO Markets has two types of account, the standard and GO plus+. There are many similarities, such as minimum deposit is $200 and, the availability of leverage up to 500:1. You can trade on all trading tools, and instruments and can take benefit from free VPS, award-wining support on both accounts separately. There are options for a live one account and demo account within both types account. Besides, there are many different features in both types accounts of a broker like spread, commission etc.

 

Account types

 

Standard account

The standard account of GO Markets has a low spread of 1.1 pips but no commission will apply. All levels of traders can access this account with more than 350 trading products. Total 9different currencies as an available base include SGD, CHF, CAD, HKD, AUD, GBP, AUD, NZD, and USD. Moreover, the account opening process is only three steps based that takes only 3 minutes.

 

GO Plus+ account

This type of account has a low commission of $3 per side on the standard lot with a spread as low as 0.0 pip. Traders can get services from professional account manager with free access to MT 4 Genesis auto chartist. You can also open this account within 3steps by providing residence proof and documents verification.

Fees

 

As mentioned before, only GO Plus+ account will charge a commission per side. Different commission fee such as US$2.5, CAD$3, 2 EUR, NZ $3.50, HKD 20 is applicable on base currencies. Overnight and a swap-free fee will also imply on clients. Besides, there is no inactivity fee on this broker, and there is no Islamic account available.

 

Trading platforms

 

Trading platforms contains two types, MetaTrader 4 and MetaTrader 5. These platforms offer many features and benefits that will upgrade your trading to the next level.

 

MT 4

 

MT 4 platform is a standard on forex for traders worldwide. But MT 4 may differ from one broker to another due to availability of different extensions for a better experience. 

GO Market’s MT 4 has fast speed of execution with low latency. The advance charting tool, indicators, Expert advisors, and financial market analysis make the best options for both level trader, new ad expert one.

Besides, there are more than 50 indicators such as ADX, OSR, MACD, Oscillator, and more on MT 4 platform for trading. This platform provides access to almost 350 trading instruments, economic calendar, and many other features. You can download MT 4 platform on any device like android, ios, pc or desktop.

 

MT 5

 

It is the best option for the modern trader as a multi-asset, comfortable and advance platform. More than 350 instruments, 80 technical indicators, and analytical tools are accessible for trading. Algorithmic trading is the prominent feature of MT 5 platform, in which automated trading implied by using the specific application “Trading robots”. Robots perform trading operations using the algorithm so, there is no need for daily analysis. This platform also offers the 6pending orders and 21 times frames for analyzing.

There are trading signal and copy trading options for advance trading. By subscribing, the signal of a professional trader with just a few clicks, you can automatize your trade. Similarly, with copy trading, your platform can trade for you just like a professional. Like MT 4, you can download it on any device. Moreover, many more features of MT 5 are below:

Market depth of the latest price quotes

Supports all types of orders

One-click trading

Full EA functionality

Allow hedging

 

Mobile trading platforms

 

With the MT 4 & 5 mobile platforms, you can trade anytime and anywhere. You can get market updates faster and more conveniently with the help of Meta Trader app. You feel no difference between trading through pc and mobile platform. On their website, you will find a complete guide about the use f MT app.

 

Deposits and Withdrawals

 

For deposits and withdrawals, there are many options associated with this broker. When you deposit or extract funds, no fee will charge. But non-Australian bank transaction may charge some fee. The minimum deposit for opening account and full service is $200. All payment processes are instant accept bank wire transfers which can take up to 3 business days. The methods for deposits & withdrawal are:

Debit / credit card

e-payments including Skrill, Neteller, and POLI

BPAY 

Bank wire transfer

Fasapay

 

Trading instruments

The GO Markets provides trading instruments like forex, commodities, indices, metals, stocks, and cryptocurrencies with different trading conditions and specifications.

Forex: For trading forex on GO Markets, traders will access flexible leverage up to 500:1. There are 50currency pairs in which all minors, major, and exotic pairs offered. Most traded currency pairs are USD/JPY, USD/ EURO, USD/ CHF, USD/CAD, GBP/USD, and many others. You can trade 24 hours and 5days with low cost dealing. Besides, EAs and smart tools are also available. 

Stocks: You can trade with major companies such as Facebook, Apple, Tesla, eBay, Zoom and many others. Maximum leverage is different from forex product. In stock products, highest leverage level is up to 20:1.

Commodities: most heavily traded and costly commodities are gold, silver and different forms of oil. The spread and lot size are different for each commodity. For instance, the standard lot size of Brent crude oil is 100 Barrels, and spot silver is 5000oZ.

Indices: GO Markets offers up to 100:1 leverage on trading indices. There are about 12 indices instrument with 0.1 minimum trade size. You will benefit of 0 brokerage cost on indices trading as well as fast execution.

Crypto currency: there are a total 5cryptocurrencies available on this broker, Bitcoin, litcoin, Ethereum, Ripple, and Bitcoin Cash.

 

Education & Research

Before start trading, novice traders must get knowledge about all the features that a broker offers. For the facility of traders, GO Markets has created an education section on its website. Award-winning education programs are free of cost and available for every trader. The learning materials maybe videos, courses, webinars and seminars held in various languages. The free courses about MT 4 and MT 5 platforms contained two chapters. The first chapter tells the basic of forex and, 2nd chapter describes the market analysis, risk management etc.

Pros

Cons

Free award-winning education programs

No cons 

There are social trading and trading ideas available

 

Facility of webinars and seminars in various languages

 

Auto chartist and trading central

 

 

Research

By using, Auto chartist and trading center you can get trading ideas and trading signal. There are built-in and MT 4 genesis research tool in MT 4 platform. Besides, economic calendar, daily news, margin podcasts and weekly summaries available.

Customer support

GO Markets has won awards in providing excellent customer services. They can support the customer through phone calls, live chat, and email. The phone numbers of Australia, UK, and international numbers are available on their website. Customers can get services anytime within 5business days.

Conclusion

The review concludes that GO Markets is a safe and legit broker. This broker provides tight spread as compared to other brokers. Two types account with advanced features and benefits are available. MT 4 and MT 5 are platforms with 350 trading instruments. The education and research tool for the convenience of traders. There are many withdrawal and deposits method. The only deposit fee will charge on non-Australian banks.

 

FAQS

How many account types GO Markets offers?

It has two account types, GO+ plus and standard account.

Does GO Markets provides Islamic account?

No, this broker does not provide swap free Islamic account.

Is there any deposit or withdrawal fee?

Yes, it charges fee when withdrawal occurs via non-Australian banks.





 

GO Markets | Review | CFD Trading Platform

GO Markets | Review | CFD Trading Platform Licenses:

GO Markets Pty Ltd – under regulation by ASIC (Australia) with registration no.  AFSL: 254963 ABN: 85 081 864 039 

Go Markets Ltd - certified by CySEC (Cyprus) have registration no. 322/17

 

Leverage:
1:500

Regulation:
CySEC, ASIC

Min. Deposit:
200$

HQ:
Australia

Platforms:
MT4, MT5, & webtrader

Found in
2006

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