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GO Markets Review

Minimum Deposit: $200 VISIT BROKER

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

GO Markets is committed to providing swift execution speeds, high-quality trading platforms, and safe transactions. The broker aspires to be the first choice for new and experienced traders who want to trade CFDs. They aim to give the best trading experience possible to clients through trustworthy customer service, transparent pricing, low-latency trade execution, and platform reliability. GO Markets are one of the best brokers for traders who want tons of free educational and research tools to help in their trading activity.

Investing Brokers

March 7, 2023

GO Markets is an online CFD broker that was founded in 2006, with its headquarters in Australia. The award-winning broker is focused on a vision to provide its clients with the best trading environment with low trading costs and prioritized customer care. The broker is authorised and regulated by Tier-1 regulators such as ASIC and CySEC. GO Markets offers hundreds of CFD trading instruments over popular asset classes such as forex, cryptocurrencies, indices, commodities, and shares. Keeping it simple, the broker provides access to the well-known third-party MetaQuotes suite of platforms, with MetaTrader 4 and MetaTrader 5. In addition, to keep traders well-informed, the broker provides free access to fantastic trading tools such as Autochartist and provides social trading and copy trading with Myfxbook AutoTrade integration and its trading platforms. Furthermore, the broker is enriched with educational content for beginners and research tools to help traders find opportunities and make informed decisions. In addition to industry leading trading conditions, the broker offers CFDs trading at a very low cost. Let’s do a detailed analysis of GO Markets’ aspects that could make a difference while trading.

GO Markets offers online trading with low fees, and the account opening process with the broker is fully digital and swift. In addition, with a variety of educational and research resources, the broker offers free VPS services to qualifying clients. Tight spreads and competitive commissions make the broker a good option. Furthermore, no deposit and withdrawal fee charged by the broker provides traders with freedom to choose from the most convenient transactions. On the other hand, the broker does not offer its services to clients in the US and has no Islamic accounts to offer, whilst the minimum deposit is $200 which is not the lowest you will find. However, free demo accounts are available if you want to practice trading online before making an investment.

GO Markets has an impressive product portfolio with hundreds of CFD trading instruments over popular financial classes such as forex, cryptocurrencies, indices, shares, and commodities. However, the broker does not currently offer real shares or bonds. If you are looking for a greater selection then IG have over 18,000 financial instruments for you to choose from, including stocks and bonds.

GO Markets Instruments Summary

Commission and Spread Fees

GO Markets offers tight spreads and a very feasible commission on trading. Traders can choose from two options: they can pay zero commissions and benefit from reasonable spreads as low as 1.0 pip on a standard account, or they can pay AUD 6 commission per round per standard lot traded and benefit from spreads starting as low as 0.0 pips. It will just depend on your strategy and whether you need tight spreads or do not mind having a spread mark-up with no commission fee.

Deposit and Withdrawal Fees

GO Markets offers free of charge deposits and withdrawals to its clients.

Inactivity Fees

GO Markets does not charge an inactivity fee from the clients who have not conducted any trading activity for some time.

GO Markets provides access to the popular and powerful MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms available for free on desktop, online, and mobile. The fundamental distinction between the MT4 and MT5 platforms is that the former is primarily a forex trading platform, while the latter is a multi-asset CFD trading platform. MT5 also has some extra features and functionalities.

MetaTrader 4 (MT4)

MT4 has long been the preferred platform for millions of traders all around the world. It is well-known for having a user-friendly interface that appeals to traders of all skill levels. Back in 2006, GO Markets was one of the first online brokers to bring MT4 to Australia. They’ve now improved the platform even further by introducing a suite of MT4 tools, including MT4 Genesis. MT4 provides many features that allow for a comfortable and straightforward trading environment and built-in tools to aid trade efficiency. You can trade on the desktop platform, directly in your web browser or via the modern and sleek trading app. Here are some prominent features of the MT4 platform:

MetaTrader 5 (MT5)

The MT5 platform is multi-functional, contemporary, and easy to navigate. It is the successor of MT4, and it retains the majority of the important features while adding some new capabilities for extensive price analysis, automated trading, and copy trading solutions. MT5 is a versatile and robust trading platform that includes depth of market (DOM) and a separate order and deal accounting system. It supports both the classic netting method and the hedging option scheme for order accounting. Instant, Request, Market and Exchange execution are the four order execution mechanisms accessible to satisfy diverse trading objectives. All forms of trade orders, including market, pending, and stop orders and trailing stops, are supported by MT5. Here are some of the more prominent features of the MT5 platform:

Virtual Private Server (VPS)

Expert Advisors (EAs) may be used to execute trades considerably faster and easier with GO Markets VPS. This means you may take advantage of high-impact events or set up trades for automated placement immediately into the market, which can result in more efficient trading. In addition, as GO Markets’ VPS solution is physically located just a few metres away from where most FX transactions are executed, you have immediate access to market liquidity. You can claim a free VPS subscription if you trade at least 5 lots per month. Otherwise, a $10 fee will be applied which is still relatively inexpensive for a VPS in any case. It is worth notinf that you can get a free VPS from some competitors including BlackBull Markets. Here are some key features of this VPS service:

Myfxbook AutoTrade

Myfxbook AutoTrade offers one of the largest online trading communities. This is a copy trading service that replicates trades directly into your account and is utilised worldwide. You may browse and select from thousands of pre-approved trading accounts, each of which includes a wide range of statistics and analysis to guarantee they meet your needs. However, it’s important to remember that previous success isn’t necessarily indicative of future results. I prefer to maintain control over my own trading decisions as I find this the best way to learn and improve over the long term.

GO Markets Platforms Summary

GO Markets provides a dedicated education centre with a variety of tools for improving trading knowledge, regardless of one’s current skill level. The GO Markets education program brings together high-quality learning resources that are available for free. You’ll discover a wide range of programs, seminars, analysis, and other resources to help you get the most out of your online trading experience.

GO Trade Academy

GO Markets’ GO Trade Academy provides free access to high-quality, content-rich learning for traders of all levels. It includes both new and experienced traders with content-rich and comprehensive education courses and programs. They’re designed to help you improve your trading knowledge, abilities, and confidence when it comes to trading Forex and CFDs. This emphasises the fact that GO Markets is a brokerage business that looks out for its clients’ best interests and encourages them to make well-informed trading decisions. The GO Trade Academy uses a one-of-a-kind learning management system that monitors your progress through each course and tests your knowledge along the way to help you remember what you’ve studied. In addition, access to demo trading platforms, account, platform help, and group coaching webinar sessions are available for all courses. Here are some worth mentioning resources that you can access in the education section:

Here are some research add-ons that GO Markets provides to its customers at no additional cost.

Autochartist

The excellent Autochartist software delivers real-time trading notifications, price action alerts, volatility analysis, and event effect analysis. It is available to GO Markets clients with an account size of $500 or more. It is one of the most widely used charting tools for MT4 and MT5. I think it is one of the best tools for automatically finding customised trading signals. The following are some of Autochartist’s features:

Trading Central

Trading Central has teamed up with GO Markets to provide clients with pattern recognition tools to improve their entire trading experience. Trading Central is a collection of tools that work with both MT4 and MT5 trading platforms. They provide multi-asset coverage around the clock and advanced technical and fundamental analysis and back-tested trading systems. Along with Autochartist, this is one of the best analysis tools out there in my humble opinion. GO Markets are one of a very few brokers who provide both, Forex.com being another option. Here are some considerable features of Trading Central:

MetaTrader Genesis

MetaTrader Genesis is a feature-rich add-on for MetaTrader 4 and MetaTrader 5. It’s a comprehensive and professional suite of trading tools (applied as expert advisors) that can help you get more out of your MetaTrader platform.

a-Quant

a-Quant is a cutting-edge Fintech firm that has a combined 25 years of expertise in developing cutting-edge trading solutions. They have a one-of-a-kind signal service that combines machine learning, artificial intelligence algorithms, sentiment analysis, and technical analysis to collect millions of data points from more than 12 distinct data sources. It generates trade signals every day, which may be delivered directly to your mailbox.

GO Markets Research and Education Summary

GO Markets provides various payment methods for convenient deposit and withdrawal, such as wire transfers, debit/credit cards, and electronic wallets. I think they could improve by adding support for crypto payments like some brokers such as RoboForex do.

GO Markets Funding Summary

GO Markets is licensed by the Cyprus Securities Exchange Commission (CySec), The Financial Services Commission (FSC) of Mauritius and the Australian Securities and Investment Commission (ASIC).

GO Markets Regulation Summary

GO Markets Safety

GO Markets is regulated by some top tier regulators. Overall, with years of a proven track record, the facilities provided and client reviews mark GO Markets as a reliable broker. I personally have no issue trusting them.

GO Markets provides customer support 24/5 via live chat, phone, and email. There is also a handy FAQs section to instantly find the answers to the most common questions. I would like to see them extend support to weekends in order to keep up with competitors such as FP Markets.

GO Markets is a well-known and licenced broker that offers a wide selection of trading instruments across several markets. It provides a variety of customisable trading platforms as well as commission-free trading. Clients get access to an incredible range of trading tools, as well as a dedicated teaching centre. The broker also features a good range of account funding options and has a responsive and polite customer service team. Overall, I think they can be a good choice of broker for anyone looking to trade in a regulated environment with a great selection of tools at your disposal to help you find trading signals and get the most out of your trading strategies.

GO Markets Review

Minimum Deposit: $200

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