GO Markets Review for 2019

GO Markets Rated 3/5
GO Markets have a low rating. We recommend you look at one of their alternative brokers.
Plus500 matches your criteria. Visit Plus500 now here.

GO Markets Introduction

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of GO Markets we break down the pros and cons. What GO Markets are able to offer, what countries GO Markets are available in. Who GO Markets are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with GO Markets

Open GO Markets's Website

Losses can exceed deposits

At the bottom of this review you can also learn about some pretty good alternatives to GO Markets

With this review we hope to help you see if GO Markets is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding GO Markets that will help you get off to a good start in the world of online trading.

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

Losses can exceed deposits

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

What we like

  • Used by over 10,000 traders
  • Established in 2009
  • Regulated by ASiC
  • Min. deposit from $1

What we don't like

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 Plus500 and XTB below.

Losses can exceed deposits

FX / Currencies GO Markets Plus500 XTB
Forex pairs offered 15 100 50
Major forex pairs Yes Yes Yes
Minor forex pairs Yes Yes
Exotic forex pairs Yes Yes
Cryptocurrencies No Yes Yes
Commodity CFDs GO Markets Plus500 XTB
Commodities offered 17 21
Metals Yes Yes Yes
Energies No Yes Yes
Agricultural No Yes Yes
Indiced & Stock CFDs GO Markets Plus500 XTB
Stocks offered 1816 1696
UK Shares No Yes Yes
US Shares No Yes Yes
German Shares Yes Yes Yes
Japanese Shares Yes Yes Yes
GO Markets
Instruments
Plus500
Instruments
XTB
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 platforms

GO 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
  • UnionPay

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.

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 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?

Check out these GO Markets Alternatives

We have spent years researching the best alternatives to GO Markets. Click the links below to learn more.

If you feel some of the above GO Markets are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of GO Markets alternatives below.

Related GO Markets Comparisons

If you would like to see how GO Markets stands up against other brokers you can read some of our GO Markets comparisons below. We compare side by side some of our top rated GO Markets versus comparisons. Read some indepth GO Markets VS pages below.

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 following funding payment methods accept Credit cards, Bank Transfers, PayPal, Wire Transfer, among other payment methods.
Learn more here

Losses can exceed deposits

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.