Introduction

GO Markets is an Australian-based online broker specializing in Forex and CFD trading. Established in 2006, it was one of the first MT4 brokers in Australia and has since expanded its global presence, serving traders with a range of financial instruments. Regulated by ASIC in Australia and CySEC in Europe, GO Markets aims to provide a reliable and competitive trading environment for both novice and experienced traders.

Key Features

• Trading Platforms: Offers industry-standard MetaTrader 4 (MT4) and MetaTrader 5 (MT5), available on desktop, web, and mobile devices.
• Diverse Instruments: Provides access to over 350+ trading instruments, including Forex pairs, Indices, Commodities, and Share CFDs.
• Competitive Spreads & Commissions: Features tight spreads starting from 0.0 pips on its GO Plus+ account, with competitive commission rates.
• Regulatory Compliance: Regulated by top-tier authorities like the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC), ensuring a secure trading environment.
• Educational Resources: Offers a comprehensive suite of educational materials, including webinars, trading guides, and market analysis.
• Customer Support: Provides multilingual customer support available 24/5 through various channels including live chat, email, and phone.
• Account Types: Multiple account options like Standard, GO Plus+, and Cent Accounts cater to different trading needs and experience levels.

Pros

• Strong regulatory oversight from ASIC and CySEC, enhancing trader confidence.
• Excellent range of trading platforms with MT4 and MT5, renowned for their functionality and customizability.
• Highly competitive spreads, especially on the GO Plus+ account, beneficial for high-volume traders.
• Fast execution speeds ensure minimal slippage.
• Comprehensive educational resources and market analysis to support traders.
• Responsive and helpful 24/5 customer support.
• Various deposit and withdrawal options with no internal fees.

Cons

• Limited product range compared to some global competitors (e.g., no cryptocurrency CFDs in all regions).
• The minimum deposit for the GO Plus+ account might be high for some beginner traders.
• Not available to clients in all countries due to regulatory restrictions.
• Does not offer proprietary trading platforms, relying solely on MetaTrader.

Pricing

GO Markets offers a transparent pricing structure primarily based on spreads and commissions, which vary by account type:

• Standard Account: Features wider spreads starting from 1.0 pips with no commission per trade. This account is suitable for beginners or those who prefer an all-inclusive spread.
• GO Plus+ Account: Designed for active traders, this account offers tighter spreads starting from 0.0 pips on major currency pairs, with a commission of $3.00 USD per side per standard lot ($6.00 USD round turn).
• Cent Account: Available for smaller trading volumes, allowing beginners to trade with micro lots. Pricing structure typically involves slightly wider spreads without commission.

There are generally no deposit or withdrawal fees charged by GO Markets itself, though third-party payment providers may impose their own charges. Overnight swap fees apply for positions held open past the market close.