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GOMarkets Review

Broker Information Security Popularity Payment Spec Instruments Score
Security A
Popularity E
Payment A
Spec C
Instrument A
A
E
A
C
A
score 61
GOMarkets
  Regulation 100
ASIC
CySEC
FSC (Mauritius)
Dubai
  Security 88
Segregated accounts
Established more than 10 years
  Instrument 91
Forex
Crypto
Gold
  Platform 81
MetaTrader 4
MetaTrader 5
  Payment 100
Credit/debit card
PayPal
Neteller
Skrill
FasaPay
Wire
  Features 78
Bonus
Education
Automated trading
Vps
  Spec 75
Hedging
Leverage more than 1:500
Swap

💲 Min Deposit $200

Year Established 2008

💼 Regulation

💡 Min Position 0.001 lot

🌐 Website www.gomarkets.com

🌎 Country AustraliaUnited Arab EmiratesCyprusMauritius

Max Leverage 1:500

📁 Segregated accounts

📖 Free education

🗺 Vps

GOMarkets is a well-established broker since 2008. GOMarkets has headquarters in Australia, United Arab Emirates, Cyprus and Mauritius. GOMarkets to provide their Forex/CFD trading services to global clients.

This broker has also been regulated by ASIC ACN081864039, DMCC (Dubai) 18.07.2020, CySEC 322/17 and FSC (Mauritius) 19024896.


Extensive Review

Go Markets is a broker established in Australia in 2006. Go Markets has also been licensed by the Australia Securities and Investment Commission (ASIC), identified by its AFSL 254963. Go Markets has some partnerships with various specialists in global securities and derivatives, thus it can provide better service to their customers by bringing this expertise on board. Go Markets is well known for having some branches in the UK, Taiwan, and Hongkong.

Go Markets commits to give the best to their clients, by refining their technology and improving their service and clients' education. Furthermore, Go Markets is also willing to continuously provide the best trading experience to the clients through reliable customer service, transparent pricing, low-latency trade execution, and platform stability.

When it comes to trading, the right platform is needed to carry out your trades perfectly. GO Markets offers both the powerful MetaTrader 4 and MetaTrader 5 as desktop and mobile trading platforms for traders. Since Go Markets has been acknowledged as the first MT4 broker in Australia, they do some improvement by adding MT5 and a web-based trading platform to fulfill their clients' needs for suitable platforms.

MT4 for mobile allows new and seasoned traders to trade anywhere and any time, analyze markets and easily access all Expert Advisors. The main difference between MetaTrader 4 and MetaTrader 5 and their associated mobile trading platforms is that MT4 is predominantly a Forex trading platform, while MT5 is a multi-asset CFD trading platform. Moreover, the internationally trusted Go Markets Metatrader 4 Platform has these advantages among many others:

  • No dealing desk involvement
  • Spreads from 0.5 pips
  • Leverage up to 500:1
  • No hedge restrictions

By opening an account in GO Markets, traders will be provided with some of the most advanced and powerful trading tools in a range of markets when it comes to online CFDs Trading. For traders who just start, honing skills in GO Markets' demo account can familiarize themselves with the broker's trading platforms and tools.

While for those who want to start real trading, GO Markets allow for flexible trading on a range of Forex and CFDs including Shares, Commodities, Indices, and Cryptocurrencies through MetaTrader 4 and MetaTrader 5 platforms.

Go Markets is very pleased to announce that they will be soon using Currenex technology, a born of Currenex interbank liquidity, to provide more liquidity to their clients.

GO Markets ease their clients' money transfer through Client Portal. They can open accounts and deposit funds in 9 currencies (USD, GBP, EUR, NZD, SGD, CHF, CAD, HKD, AUD). Whereas, deposit and withdrawal can be done either by bank transfer or e-payment (FasaPay, Neteller, and Skrill). Clients do not need to worry about deposit and withdrawal fees, because GO Markets does not charge any internal deposit fees using Visa/Mastercard, Skrill, Neteller, and Bank Transfer.

Last but not least, Go Markets also guarantees the clients' funds by protecting their privacy and financial information with maximum care. Go Markets employs leading security systems and has strict procedures in place to protect clients' information.

If you want to start trading in Go Markets with a little cash and low risk, Go Markets offers special accounts where clients can start trading with a few dollars and the ability to trade from one cent per pip only. There is a $500 deposit limit in these accounts and Expert Advisors use is allowed.

Account Information

Apart from the forex demo account, this broker offers GO Plus+ and Standard. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by GOMarkets is up to 1: 500. Meanwhile, you can open an account with a starting capital of $200.

pin

Min Deposit

$200

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Max Leverage

1:500

pin

Spread

Variable

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Commission

$3

If you want to look for a more simple explanation regarding this broker's account type(s), take a look at the following chart:



💲 Min Deposit $200

💡 Min Position 0.001 lot

🔢 Spread Variable

📉 Scalping

🤖 Expert Advisors

💱 Hedging

🕛 Overnight interest rates (swaps)

Trailing stop

Pending orders

1️⃣ One-click trading

Automated trading

💸 Commission $3

Instruments Traded

Besides lots of currency pair, GOMarkets also offers some instruments you would like to trade on, such as Forex, Gold & silver and Crypto for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

As for GO Plus+ account, GOMarkets specifically provides it with the following instruments and leverage:


Forex

Forex
1:500

Gold & silver

Gold & silver
1:500

Crypto

Crypto
1:5


💲 Min Deposit $200

💡 Min Position 0.01 lot

🔢 Spread Variable

📉 Scalping

🤖 Expert Advisors

💱 Hedging

🕛 Overnight interest rates (swaps)

Trailing stop

Pending orders

1️⃣ One-click trading

Automated trading

💸 Commission

Instruments Traded

Besides lots of currency pair, GOMarkets also offers some instruments you would like to trade on, such as Forex, Gold & silver and Crypto for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

As for Standard account, GOMarkets specifically provides it with the following instruments and leverage:


Forex

Forex
1:500

Gold & silver

Gold & silver
1:500

Crypto

Crypto
1:5

Payment Methods

PayPal : Online payment was not a thing back in the early 2000s, but PayPal has been in the market since 1999 and thus deserves to be regarded as one of the first e-payment services in the world. The US-based company is popular across many online platforms, including forex brokers.

Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.

Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.

Neteller : Like PayPal, Neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept Neteller as a payment method for their clients' fund deposit and withdrawal. Although the Neteller system is available almost all over the world, it remains particularly popular in Europe.

FasaPay : Known as an e-payment for retail forex traders, FasaPay does not require a huge amount of fee, giving it a competitive edge among any other e-payments in the forex brokerage industry. Instant process is also featured as one of its advantages.

GOMarkets also provides payment with Credit/debit cards



Trading Platforms

Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitability by placing well-planned trades.

Hereby, GOMarkets offers you MetaTrader 4 (Limited with 30 days) and MetaTrader 5 (Limited with 30 days).

Customer Support

Do you have any question or find any trouble related to GOMarkets? If you do, you should reach GOMarkets's support to get the information that you need. Here is the detail of the broker's customer support:

Website Languages

English
Chinese
Arabic
German
Spanish
French
Indonesian
Italian
Portuguese

Office Support

Email Support

Call Support

Chat Support



FAQ About GOMarkets

A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if GOMarkets is a good broker for you or not by reviewing the criteria. In general, GOMarkets provides trading service in Forex , Gold & silver and Crypto . As for the payment methods, you can choose between PayPal, Skrill, Wire transfer, Credit/debit cards, Neteller and FasaPay. The customer support is available via Email, Web form, Phone, Live chat and Office.


The starting capital in GOMarkets is $200.


GOMarkets is regulated by ASIC ACN081864039, DMCC (Dubai) 18.07.2020, CySEC 322/17 and FSC (Mauritius) 19024896. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.


GOMarkets is a brokerage company offering trading services for clients since 2008 with offices in Australia, United Arab Emirates, Cyprus and Mauritius.