GO Markets Review

Is GO Markets a safe and legitimate business?

GO Markets isn't a fraud. It is authorized to provide financial services under the top-tier Australian Financial Services Licence. This is also known as ASIC. Additionally, CySEC licenses are also available to an additional European entity, so proposals could differ according to regulations.

Is GO Markets legit?

In simple terms, it means that all tools and set-ups provide a safe trading environment. This is in accordance with numerous audit rules and regulatory requirements. GO Markets, an OTC derivative provider is required to comply with disclosure benchmarks established by corporate ASIC. Investors must understand the potential risks and benefits.

Protecting Investors

Risk management is generally maintained by a variety of practices. These include the considerations for hedging counterparties, clients' funds segregations at National Australian Bank (NAB), margin calls, and fair usage policies. European entity also falls under ESMA's regulatory requirements and obligations to clients' safety.

GO Markets is also a fully licensed financial trading provider. This means that clients' funds are protected through segregation and fair conditions that are continuously monitored and audited.

Types of accounts

The broker offers two types of account Standard and GO+ Accounts with the ability to choose the most suitable trading method and manage it. There is also an option for Standard trading that is based on spreads and has access to an ECN environment through GO Plus+, which was specifically designed using light-fast technology.

The account can also be opened in several currencies, including USD, USD, GBP and EUR.

How to open a new account

You may first open a Demo account. This will allow you to create the login page using your email address and password. If you decide to go live, you will need to follow the next steps:

1. All parameters, including Name, Email, Phone, etc., must be entered

2. Select the account type and base money

3. Please describe your trading experience and goals

4. Due to regulatory requirements, upload proof of address, ID, etc

5. Submit

6. After your account approval, follow up with money deposit

Fees

GO Markets pricing is primarily built into spreads, Standard account has no commission bases and offers spread only trading starting at 1.1 pips.

GO Plus Accounts are available to advanced traders and those with a strategy that requires it. Spreads starting at 0.0 pips, trading costs included in the 3.00$ per side.

Spreads

GO Markets spreads as stated designed at the account used, while Standard accounts will offer slightly higher spreads and Plus traders can enjoy interbank spreads but with commission per trade. Below is an example of the Standard spread, and you can also compare fees with another popular broker.

Consider overnight fees as a cost. Also known as Rollover rate, or interest, for holding positions open overnight.

Trade Instruments

The offering of instruments is based on more than 350+ instruments via CFDs Forex, Indices, Commodities and Cryptocurrencies. Each instrument is unique and has different trading conditions. However, we value the diversity of instruments offered as it allows us to diversify portfolios and trade competitive markets.

Deposits and Withdrawals

You have many options for depositing to your live trading account. The payments are free of any additional processing fees. GO Markets doesn't charge withdrawal fees. However, withdrawals to non Australian banks may incur fees.

Deposit Options

There are many payment options available, including:

• Credit or debit card

• Bank to bank via Australian banks institutions

• BPAY payments

• Skrill, Neteller and POLi e-payments

Minimum Deposit

GO Markets Minimum Deposit is 200$ to open Standard Account and receive full service of live trading.

Trade Platforms

MT4 is a Forex standard that traders all over the world use. GO Markets has chosen this technology, but MT4 can vary between companies as brokers may implement different extensions to offer better features.

Web Trading

We found GO markets platform to be comprehensive and sophisticated. There are many versions and they all have the same inbuilt. Web Trading platform is great for any device, as it doesn't require installation. However, the tools are a little less advanced.

Take a look and feel

MT4 is a great platform for professional and beginner traders. It is also a good charting software that allows you to draw objects or parameters at a high level. It has 3 different types of charts and display options.

Customer Support

GO Markets Customer Service again ranked #1. This was in addition to the many Awards it received in other areas. A successful broker understood the importance of quality service. However, not all customers can afford one.

GO Markets is also a leader in this area. You can count on prompt and relevant answers from Customer Support GO Markets. The Broker's team is available 24/7 and can be reached via email, chat, or phone in Australia, UK, and International languages.

Education

GO Markets provides the education materials and research resources necessary for seamless trading, despite the fact that novice traders often face great difficulties while looking for trading opportunities. Eventually, GO Markets' educational programs and its GO Markets Academy were awarded numerous times and are available for free.

GO Markets Academy and Education Centre will offer Forex trading courses, video tutorials, and tutorials. There are also regularly held seminars and webinars in different languages. Demo account is available for free with no restrictions. This allows beginners to test their strategies and see the Go markets environment.

Research

GO Markets has a partnership with Autochartist, Trading Central providers, and Metatrader 4, which allows you to use their free trading signals and ideas. You will also find thousands of MetaTrader4 & 5 add-ons at your suite, which is determined by the instrument and specific criteria. There you can also use amazing tool MT4 Genesis.