GO Markets what you should know
GO Markets offer three ways to trade: Forex, CFDs, Binary Options.
With GO Markets you will need a minimum deposit of $1. You can sign up for a demo account to acquaint yourself with GO Markets platform.
GO Markets are able to accommodate various levels of traders whether you are experienced or a beginner.
Are GO Markets safe?
When choosing a broker like GO Markets the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.
Established in 2009, and in operation for 10 years GO Markets have a head office in Australia.
GO Markets is regulated. This means GO Markets are supervised by and is checked for conduct by the ASiC regulatory bodies.
Regulated brokers will not manipulate market prices. When you send in a withdrawal request to GO Markets, this will be honored. If GO Markets violate any regulatory rules their regulated status could be stripped.
Any payments funded to GO Markets accounts by traders are held in a segregated bank account.
For added security GO Markets use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.
Try creating two accounts when you are working with GO Markets. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.
Open a demo account Visit GO Markets
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GO Markets General Fees
- GO Markets withdrawal fees varies on payment method
- GO Markets doesn't charge inactivity fees
GO Markets Commissions
- GO Markets doesn't charge commission on CFD shares
What can you trade with GO Markets?
You can trade a wide variety of instruments with GO Markets over 100 instruments infact.
If you are looking at trading currency pairs GO Markets offer over 15 currency pairs.
Compare GO Markets with Interactive Brokers and XTB below.
| FX / Currencies | GO Markets | IB | XTB |
|---|---|---|---|
| # of forex pairs offered | 15 | 10 | 50 |
| Major forex pairs | Yes | Yes | Yes |
| Minor forex pairs | Yes | ||
| Exotic forex pairs | Yes | ||
| Cryptocurrencies | No | No | Yes |
| Commodity CFDs | GO Markets | Interactive Brokers | XTB |
|---|---|---|---|
| # of commodities offered | 0 | ||
| Metals | Yes | Yes | Yes |
| Energies | No | Yes | Yes |
| Agricultural | No | Yes | Yes |
| Indiced & Stock CFDs | GO Markets | Interactive Brokers | XTB |
|---|---|---|---|
| # of Stocks offered | 1500 | ||
| UK Shares | No | Yes | Yes |
| US Shares | No | Yes | Yes |
| German Shares | Yes | Yes | Yes |
| Japanese Shares | Yes | Yes | Yes |
|
GO Markets's
Instruments |
IB's
Instruments |
XTB's
Instruments |
Trading on GO Markets web platforms and other applications
GO Markets offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.
GO Markets also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.
See GO Markets's platformsGO Markets Trading benefits :
- Allows scalping
- Allows hedging
- Offers STP
- Low min deposit
GO Markets Trading Accounts offered:
- Mini account
- Standard account
- ECN account
Can I try GO Markets before I buy?
GO Markets offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade
What funding methods do GO Markets accept?
GO Markets offer the below funding payment methods. learn more about GO Markets
- Credit cards
- Bank Transfer
- PayPal
How can I start trading with GO Markets?
When opening a trading account with GO Markets, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on GO Markets trading platforms here.
Performing trades with GO Markets
With GO Markets, the minimum and maximum trade requirements vary depending on the trader and the instrument. As GO Markets offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you‘re paying to execute your trades.
As with most brokers, margin requirements do vary depending on the trader, accounts and instruments, but as a guide, GO Markets offer margin up to 0.003% on currencies.
Support at GO Markets
GO Markets support a wide range of languages including English, French, Chinese, Spanish, Arabic
GO Markets have a triple AAA grade support rating because they offer a wide range of languages, live chat, phone and email support.
What you will need to open an account with GO Markets
As GO Markets is regulated by ASiC, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:
- A scanned colour copy of your passport, driving license or national ID
- A utility bill or bank statement from the past three months showing your address
You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.
While you might be able to explore GO Markets's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.
To start the process of opening an account with GO Markets you can visit their website here.
CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.gomarkets.com.au/ on 12th August 2018.
GO Markets not quite right?
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GO MARKETS Frequently Asked Questions
Can I try GO Markets before I buy?
GO Markets do not offer a demo account so it looks like you will have to sign up for at least a trial period. Learn more here
What funding methods do GO Markets accept?
GO Markets offer the below funding payment methods accept Credit cards, Bank Transfers, PayPal, among other payment methods. Learn more here
How can I start trading with GO Markets?
When opening a trading account with GO Markets, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on GO Markets trading platforms here.
Is my money safe with GO Markets?
GO Markets is regulated by ASiC. One of the most important criteria for traders when choosing a broker like GO Markets is the regulatory body and regulatory status of the broker.
Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.
Regulated brokers will not manipulate market prices. When you send in a withdrawal request to GO Markets, this will be honored.
If they violate any regulatory rules their regulated status can be stripped.