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GO Markets review and ratings

Established 2006
Location Australia
Regulation ASIC
Offices Melbourne
Broker type STP | ECN | Binary
Leverage up to 1:500
Deposit from 200 USD
Spreads low  low
Platforms Web MetaTrader 4 MetaTrader 5 Binary Platform
Instruments Currencies Crypto Indices Metals Energies
Funding methods Wire Transfer Credit Cards Skrill Bpay Poli

Company information

GO Markets is a forex broker located in Australia, regulated by the Australian Securities and Investments Commission (ASIC).

Availability

GO Markets accepts clients from all over the world, excluding USA, Canada, New Zealand, Belgium, Japan, Israel, Puerto Rico, Afghanistan, Azerbaijan, Bosnia and Herzegovina, Burundi, Central African Rep, Congo, Cote D’Ivoire , Ethiopia, Eritrea, Egypt, Gaza Strip, Haiti, Iran, Iraq, Lebanon, Libya, Myanmar, North Korea, Pakistan, Serbia, Sierra Leone, Somalia, Sri Lanka, Sudan, South Sudan, Syria, Trinidad and Tobago, Tunisia, West Bank, Ukraine, Vanuatu, Venezuela, Yemen, Zimbabwe.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for FX trading.

50+ Currency Pairs Based on major and minor world currencies.
5 Crypto Pair Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple.
12 Indice CFDs Based on baskets of different blue-chip stocks.
2 Metal Spot CFDs Based on Gold and Silver.
2 Energy Spot CFDs Based on Crude Oil (WTI, Brent).

Forex broker offers the following underlying assets for Binary Options trading.

25+ Currency Pairs Based on major and minor world currencies.
2 Metal Spot BOs Based on Gold and Silver.

Comprehensive review

Registered and regulated in Australia under the name GO Markets Pty Ltd, this broker has been operating since 2006 and has become a popular choice among binary options, CFD, and forex traders internationally. The broker is properly registered in the online database of the Australian Securities and Investment Commission (ASIC) with Australian Business Number 85 081 864 039, although it has been registered under different names in the past.

The broker has a good track record and has not received any major complaints from traders as far as FX-List is aware. It has operated for a number of years under the oversight of the highly regarded regulator ASIC, which is also a testament to its seriousness and high level of integrity in the industry.

GO Markets offers more than 90 tradable instruments across asset classes, with tight spreads and a transparent pricing structure. The broker operates with a special leverage policy where all trading accounts by default are set up with a 1:100 trading leverage. Once set up, however, the trader can change this to anywhere from 1:1 (meaning no leverage) to 1:500, which is the maximum leverage offered by GO Markets.

GO Markets’ website is offered in English, Chinese, Indonesian, and Korean, and is full of useful information for traders at different stages of their trading journey, ranging from the most basic trading tutorials to more advanced technical analysis, and video walkthroughs of the MT4 platform.

In addition to demo accounts, which are available for free, GO Markets’ clients can choose between a Standard Account and a GO Plus Account when they sign up. The main difference between these two accounts is that the Standard Account offers commission-free trading but with spreads starting from 1.1 pips, while the GO Plus Account charges higher commissions, but offers very tight spreads on trading instruments. The minimum initial deposit is less than USD 500 for both account types.

Deposits and withdrawals can easily be carried out through the usual options such as international bank transfer, major credit and debit cards, as well as a number of online e-wallet services. Cryptocurrency deposits and withdrawals are unfortunately not available with GO Markets. Trading accounts can be opened in 9 different base currencies, including USD, SGD, CHF, CAD, HKD, AUD, EUR, GBP, and NZD.

When it comes to trading platforms, GO Markets has chosen to stay loyal to the MetaTrader brand, offering its clients the choice between trading on the MetaTrader 4 (MT4), MetaTrader 5 (MT5), or the web-based version of the same platform.

Trading instruments available to GO Markets’ clients range from CFDs based on the popular cryptocurrencies Bitcoin, Ethereum, Bitcoin Cash, Ripple XRP, and Litecoin, to foreign currencies, major international stock indices, commodities and precious metals. In addition, GO also offers easy and fun binary options trading on a range of underlying assets with small investments starting from only USD 5.

Lastly, GO Markets’ customer service is available via local phone numbers in Australia and the United Kingdom 24 hours a day on weekdays, as well as via email. The broker’s head office is located in Melbourne, Australia, where it also hosts occasional trading-related events and workshops, with other branch offices located in London, Taipei, and Hong Kong.

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