What is GO Markets?
GO Markets is launched in 2006 brokerage company operating under the ASIC (Australia) supervision while fully complies with the local laws, driven by compliance, competitive spreads and tech developments.
Where is GO Markets based?
The brokers through its main headquarter in Australia also maintain offices in the UK, Cyprus, Taiwan and Hong Kong while bringing a valued trading environment connected to advanced technologies and allow traders to develop strategies and improve trading outcomes.
Overall, Go markets promises together with its continuous provided support and challenges great opportunities available for the successful trading performance of any size trader. So let us see closer within Go Markets review what is so rewarding and good about its proposal.
| Pros | Cons |
|---|---|
| Long years of operation | Swap-free account only available for MENA residents |
| Globally recognized and multiple awarded broker | Conditions may vary according to regulation and entity |
| Platforms MT4 and MT5 offered | |
| Copy Trading and Social Trading capabilities | |
| Excellent support, learning and research tools |
10 Points Summary
| 🏢 Headquarters | Australia |
| 🗺️ Regulation and License | ASIC, CySEC |
| 🖥 Platforms | MT4, MT5, WebTrader |
| 📉 Instruments | Forex, CFDs, Indices, Metals, Cryptocurrencies and Energies |
| 💰 EUR/USD Spread | 1.2 pips |
| 🎮 Demo Account | Unlimited |
| 💳 Minimum deposit | 200 AUD |
| 💰 Base currencies | EUR, USD, AUD |
| 📚 Education | Education provided for Free |
| ☎ Customer Support | 24/5 |
Is GO Markets safe or a scam?
The first thing to check before continuing broker Go markets review is its license and applicable registrations which ensure a safe trading environment. GO Markets is authorized to operate financial services under the Australian Financial Services Licence, known worldwide as ASIC. Besides, there is an additional European entity that operates under CySEC license, therefore its proposals may vary according to regulations.
| Pros | Cons |
|---|---|
| Regulated broker with good record and history of operation | None |
| ASIC license and overseeing | |
| Additional CySEC license | |
| Negative balance protection | |
| Global expand |
Is GO Markets legit?
Concluding in simple words it means that all tools and applicable set-ups providing a safe trading environment, according to regulatory requirements and numerous audit rules. As an OTC derivative provider, GO Markets is required to adhere to disclosure benchmarks set by the corporate ASIC, while in reverse the investors understanding the risks and potential benefits.
Investor Protection
Generally, risk management maintained by various practices, among the considerations of hedging counterparties and clients’ funds’ segregations at the National Australian Bank (NAB), along with margin calls and fair usage policies. Likewise, European entity falls under ESMA regulatory requirements and obligations towards clients’ safety.
Also, being a fully authorized financial trading provider GO Markets adheres to strict protection of the clients’ funds through segregation, and also fair conditions that are constantly monitored and audited by the authority.
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 as an Australian broker being authorized by ASIC still allows high leverage ratios up to 1:500 for Forex instruments. Refer to the table below and see how ratios are also spread according to the account size.
- European GO Markets clients entitled for a maximum of 1:30 according to regulations
Account Opening
The account opening from which you will have access to the trading account, your money management, fee reports and other tools all featured GO Markets account area which you can open through seamless fully digital signing in.
ProsConsFast account openingNoneEasy switch between Demo and Live AccountsStandard and GO Plus+ ECN AccountRange of Account base currencies
Account types
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 Standard trading proposal based on spread charges and access to 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 that including AUD, USD, GBP, EUR, NXD, SGD.
How to open your Account
At first, you may open a Demo account which will require only to create the login page with email address and password. Further on if you decide to go Live you should follow the next steps
- Enter all the parameters including Name, email, Phone, etc
- Choose the account type and base currency
- Specify your trading experience and expectations
- Upload proof of address, ID, etc (due to regulatory requirements)
- Submit
- Once your account approved follow with money deposit
