Basic Information & Regulation
Go Markets is a well-known and established forex dealer in the industry with more than ten years' trading experience. The company was established in 2005 and is headquartered in Melbourne, Australia, with branches in many important cities worldwide. Go Markets has been committed to providing clients with a wide selection of online financial products, such as forex, gold, stock index, and crude oil.
Concering regulation, Go Markets has three entities regulated in different jurisdictions:
GO Markets Pty Ltd - authorized and regulated by ASIC (Australia) registration AFSL: 254963
Go Markets Ltd - authorized and regulated by CySEC (Cyprus) registration no. 322/17
GO Markets Pty Ltd (MU) - authorized and regulated by FSC (Mauritius) license no. GB 19024896
Pros & Cons of GO Markets
First of all, GO Markets is well regulated. Whether you're interested in copy trading, social trading, or auto trading, GO Markets gives you a variety of options for a positive trading experience.
Negatives include the fact that terms will vary from entity to entity and that CFDs are used as the primary instrument.
Market Instruments
The company provides mainstream and popular financial tradable instruments on the global market, mainly forex trandings, stock CFDs, commodities, crude oil, global stock indices, etc.
Account Types
Traders at GO Markets can choose between two major account types , each with its own set of trading criteria and the same overarching goal: to deliver the best price schedule in a dynamic trading environment. Spreads are the primary fee for a basic account.
The GO Markets accounts include:
Standard account
GO Plus+ account
Leverage
All GO Markets accounts are pre-configured with a leverage rate of 100:1 (1%). A customer's rate might range from 1:1 (no leverage) to a maximum of 500:1 (very high leverage).
Customers should be familiar with the notion of leverage and its potential effects on trading, and should exercise caution when deciding on the optimal leverage rate.
n addition, traders should be aware that the margin rate for some currencies is higher regardless of the amount of leverage in your trading account. While the leverage rate for some currencies may be set in stone, other currencies (such as exotic currencies) may demand as much as five times the margin rate of a major currency.
Spreads & Commissions
For GO Plus+ accounts, GO Markets provides raw spreads at a commission rate of AUD3 (about $2.5) per side. Australian share CFDs have a fee rate of 0.08%, with a minimum of $10 / ZAR 160. The spread is where GO Markets makes its money, as is the case with most brokers.
While the Standard account's spread is greater, the Plus account's spread is closer to that of the interbank market, but Plus traders must pay a commission on each deal.
Demo Account
A Demo account from GO Markets can be used for a number of purposes, including, but not limited to, the following:
A practice account is ideal for novice traders who want to hone their abilities with fictitious cash before investing real money.
Trading Platforms
Trading platforms provided by the company is the MT4 desktop version & mobile version, MT5 desktop version & mobile version. MT4 is the most popular online trading terminal globally, and it is an important trading tool for investors in all online financial markets. Using GO Markets' high-quality transaction execution and the most competitive spread quotation, investors can directly trade more than 90 foreign exchange and CFD products on the MT4 trading platform with the international market. Compared with MetaTrader 4, MetaTrader 5, which is further optimized and upgraded, is a diversified financial market trading platform that provides excellent trading possibilities and technical analysis tools and allows the use of automated trading systems for automatic trading and copy trading. Millions of users worldwide have chosen to use the MetaTrader 5 trading platform.
Deposit & Withdrawal
The deposit and withdrawal methods support UnionPay and wire transfer. There is no handling fee for deposits, and withdrawals of less than USD 100 will incur a bank handling fee of USD 5 per trade. Withdrawals above $100 are free. According to the anti-money laundering policy, withdrawals from accounts without any transactions require an additional 2.5% handling fee.
Educational Resources
In addition, GO Markets provides the teaching tools and research resources required for flawless trading, which is especially important for rookie traders who always face enormous hurdles while investigating trading opportunities. In the end, the instructional programs and its GO markets Academy are multiple-award winning resources defined by all levels of traders and available for Free usage on the GO Markets website.
Therefore, the GO Markets Academy and Education Centre provides Forex trading learning courses, Video Tutorials, as well as Tutorials, and runs regular Seminars and Webinars in a number of languages. In addition, a free, unlimited Demo Account is available for first-timers to try out their strategies and get a feel for the Go markets.
