GO Markets Review 2020

GO Markets Rated 3/5
learn more Learn more about XTB. Your capital is at risk

GO Markets Guide

GO Markets are an online broker founded in 2009 offering Forex trading, CFDs trading, and Binary Options trading.

GO Markets are a global broker and have a head office in Australia.

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

  • Regulated by: Australian Securities and Investment Commission (ASIC)
  • Headquarters Country : Australia
  • Foundation year 2009
  • Min Deposit : 1
  • Used by over 10,000 traders
  • GO Markets is not available in the following countries : AF, DZ, AO, BY, BA, BI, CF, CG, ER, GY, HT, IR, IQ, PS, PDR, LB, LR, LY, MM, KR DPRK, PA, PG, RU, SL, SO, SD, SY, UG, UA, VE, YE, ZW, IL, CA, PR,US, JP
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 Review Table of Contents

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 11 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 Australian Securities and Investment Commission (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.

Broker GO Markets XTB eToro Pepperstone
Year Established 2009 2002 2006 2010
Head Office Australia Poland Cyprus, UK Australia
Regulation Australian Securities and Investment Commission (ASIC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)
Used By 10,000+ 250,000+ 10,000+ 10,000+
Negative balance protection Yes No Yes
Guaranteed Stop Loss Yes No No
Learn More Visit GO Markets Visit XTB Visit eToro Visit Pepperstone
Risk Warning Losses can exceed deposits Your capital is at risk 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

GO Markets Pros and Cons

What we like about GO Markets

  • Used by over 10,000 traders
  • Established in 2009
  • Regulated by Australian Securities and Investment Commission (ASIC)
  • Min. deposit from $1

What we don't like about GO Markets

GO Markets Financial Regulation and Supervision in more detail

We have checked and GO Markets is regulated and supervised by reputable organisations. You are able to check every GO Markets supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with GO Markets. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect GO Markets traders and provide a safe trading environment.

GO Markets is governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as GO Markets you should be sure they're legitimate online agent.

GO Markets General Fees

  • GO Markets withdrawal fees varies on payment method
  • GO Markets doesn't charge inactivity fees
  • GO Markets does charge deposit fees
Broker GO Markets XTB eToro Pepperstone
Min Deposit 1 0 200 200
Withdrawl Fees Varies varies Yes No
Inactivity Fees No No Yes Yes
Deposit Fees Varies No No No
CFD Commission Fees No Yes No Yes

GO Markets Commissions

  • GO Markets doesn't charge commission on CFD instruments.

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 XTB and eToro below.

Losses can exceed deposits

Broker GO Markets XTB eToro Pepperstone
Instruments Available 100 1,500 100 100
Platforms MT4, Web Trader, Binary, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps
FX / Currencies Visit GO Markets Visit XTB Visit eToro Visit Pepperstone
Forex pairs offered 15 50 50 70
Major forex pairs Yes Yes Yes Yes
Minor forex pairs Yes Yes Yes
Exotic forex pairs Yes Yes Yes
Cryptocurrencies No Yes Yes Yes
Commodity CFDs Visit GO Markets Visit XTB Visit eToro Visit Pepperstone
Commodities Offered 0 21 0 16
Metals Yes Yes Yes Yes
Energies No Yes Yes Yes
Agricultural No Yes Yes No
Indiced & Stock CFDs Visit GO Markets Visit XTB Visit eToro Visit Pepperstone
Stocks Offered 1696 957 60
UK Shares No Yes Yes No
US Shares No Yes Yes No
German Shares Yes Yes Yes Yes
Japanese Shares Yes Yes Yes No

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
  • STP 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

GO Markets withdrawl and funding methods.

GO Markets offer the below funding payment methods. learn more about GO Markets

  • Credit cards
  • Bank Transfer
  • PayPal
  • UnionPay
Broker GO Markets XTB eToro Pepperstone
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal Yes Yes Yes Yes
Skrill No Yes Yes Yes
Payoneer Yes Yes Yes
Neteller No Yes Yes Yes

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.

GO Markets Leverage and GO Markets CFDs Explained

let's take a look at some of the basics of using GO Markets leverage.

GO Markets offer CFD are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

GO Markets leverage magnifies both profits and losses when trading.

Let's say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the GO Markets trading platform.

let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The GO Markets leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

GO Markets CFDs are typically used for short to medium term trades. For example GO Markets intraday trading.

Education resources at GO Markets

To trade effectively with GO Markets, it's important to get a have a good understanding of the GO Markets trading tools and the markets.

GO Markets offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with GO Markets.

Take time to look around the GO Markets platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer 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, email and phone support.

GO Markets customer service support multiple languages from all over the world. Having a broker that can hire people from various locations in the world who can better communicate with you in your local language is a huge advantage well trying to deal with issues.

Livechat Support at GO Markets

We tested the GO Markets live chat and it works well. We sent messages to GO Markets livechat through their app and website and recieved a response within 3 minutes.

We tested communicating with GO Markets support in multiple languages in multiple countries. GO Markets where able to quickly resolve our customer issues.

Email Support at GO Markets

We sent several emails to GO Markets and answer times overall were excellent. The fastest response from GO Markets was less than 2 minutes and the slowest response was 3 hours. Support response times may vary for you with GO Markets, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall very good email support from GO Markets.

Phone Support at GO Markets

We called GO Markets and the call was answered very quickly. The call was answered in less than 1 minutes.

The GO Markets phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual GO Markets team by calling in varying languages. GO Markets made an effort to make sure our queries were answered.

Overall great phone support from GO Markets.

See how GO Markets Support Compares Against Other Brokers

Broker GO Markets XTB eToro Pepperstone
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, French, Chinese, Spanish, Arabic English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, German, Spanish, French, and Italian English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic
Learn More Visit GO Markets Visit XTB Visit eToro Visit Pepperstone
Risk Warning Losses can exceed deposits Your capital is at risk 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

What you will need to open an account with GO Markets

As GO Markets is regulated by Australian Securities and Investment Commission (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.

Is GO Markets A Good Broker?

We spent over 3 months examining GO Markets in depth. Although we found some very useful aspects of the GO Markets platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative GO Markets broker.

  • GO Markets have a good track record of offering Forex, CFDs, Binary Options.
  • GO Markets has a history of over 9 years.
  • GO Markets has a reasonable sized customer support of at least 10.
  • GO Markets are regulated by Australian Securities and Investment Commission (ASIC). This means GO Markets fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • GO Markets have regulation from a Tier 1 reputable country.
  • GO Markets has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • GO Markets have an international presence in multiple countries. This includes local GO Markets seminars and training.
  • GO Markets are able to hire people from various locations in the world who can better communicate in your local language.

GO Markets Risk Disclaimer

Losses can exceed deposits

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

Is GO Markets safe?

GO Markets are considered safe as they are regulated by and checked for conduct by the Australian Securities and Investment Commission (ASIC). 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.

Is GO Markets trading good?

GO Markets is considered good and reputable to trade with. GO MarketsGO Markets is used by over GO Markets active traders. GO Markets offers Forex trading, CFDs trading, and Binary Options trading. Minimum deposit with GO Markets is mindeposit.

Is GO Markets trading Legit?

GO Markets was founded in Australia in 2009. GO Markets has been facilitating trade on the financial markets for over 11 years. GO Markets offers clients Forex trading, CFDs trading, and Binary Options trading. All funds deposited to GO Markets are held in segregated tier 1 bank accounts for security. GO Markets is regulated by Australian Securities and Investment Commission (ASIC) so can be considered legit.

Is GO Markets a good broker?

GO Markets is overseen by the top tier financial regulators Australian Securities and Investment Commission (ASIC) so can be considered a good broker.GO Markets allows Forex trading, CFDs trading, and Binary Options trading.

Is GO Markets trustworthy broker?

GO Markets can be considered trustworthy. All money funded to GO Markets is placed into a segregated tier 1 bank account. this means your money in not held by GO Markets directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also GO Markets is regulated by Australian Securities and Investment Commission (ASIC).

What is the minimum deposit for GO Markets?

The minimum deposit to trade with GO Markets is 1.

How long do GO Markets withdrawals take?

Withdrawing money from GO Markets processing time varies but averages 2-5 days.

Is GO Markets regulated?

GO Markets is regulated by Australian Securities and Investment Commission (ASIC).

Is GO Markets a market maker?

GO Markets is a market maker. Stocks, currency and other commodities and instruments will be purchased by GO Markets even if no buyer is lined up.

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 Australian Securities and Investment Commission (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.

Is GO Markets a con?

GO Markets is regulated and well established having been in business for over 11 years. GO Markets is definitely not a con.

Can you make money with GO Markets?

Although traders have had great success with GO Markets. Trading on the financial markets with GO Markets is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Losses can exceed deposits.

Does GO Markets have fees?

GO Markets withdrawal fees varies on payment method. GO Markets doesn't charge inactivity fees. GO Markets does charge deposit fees.

When was GO Markets founded?

GO Markets was founded in 2009.

How many people use GO Markets?

GO Markets is used by over 10000 registered traders.

What is GO Markets Headquarters country?

GO Markets has its head quarters office in Australia.

Does GO Markets offer negative balance protection?

GO Markets does not offer negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does GO Markets offer guaranteed stop loss?

GO Markets does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price.

Does GO Markets allow scalping?

GO Markets offers scalping.

Does GO Markets allow hedging?

GO Markets offers hedging.

Does GO Markets offer CFD trading?

GO Markets offers CFD trading.

Does GO Markets offer STP?

GO Markets offers STP trading.

How many people use GO Markets?

GO Markets is used by over 10000 traders.

Is GO Markets an ECN broker?

GO Markets offers ECN trading.

Does GO Markets offer a demo account?

GO Markets does not offer demo account.

Does GO Markets offer an Islamic account?

GO Markets does not offer Islamic accounts.

What are the funding methods for GO Markets?

GO Markets accept the following funding methods : Credit cards, PayPal, UnionPay, Bank Transfer.

GO Markets review written by Andrew Blumer and Mark Hansen

We hope you found our review of the GO Markets brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

GO Markets review written by Mark Hansen of Comparebrokers.co