GO Markets Review
- Excellent trading platform
- Very good support and educational content
- Competitive fees and commissions
- Narrow variety of tradeable assets
- Only one trading platform available
Go Markets is a leading provider of the online trading in Australia and overseas. The brokerage provides traders with the tools and services for trading a wide range of financial assets including forex and binary options on indices, commodities, and cryptocurrencies. Go Markets was established in 2004 and is owned and operated by Go Markets Pty Ltd, with their headquarters located in Melbourne Australia. Since Go Markets is an Australian based trading brokerage, they are regulated by the Australian Securities and Investments Commission (ASIC) under license number 254963.
Though Go Markets is based in Australia, they are an international trading brokerage and accept traders from many countries around the world, with some exceptions, like the United States. Even though Go Markets is international, they only offer their services in English and Chinese. With so many online trading brokerages to choose from, how do you know which one is right for you? Well, in the following review we’ll delve deep into the aspects that make up this online trading brokerage and see what sets Go Markets apart from the competition and whether or not they can be trusted.
Trading Platform
Go Markets is primarily a forex trading brokerage and thus offers the most popular trading platform for trading forex, the MetaTrader 4 (MT4) trading platform. This platform has been used as the industry standard platform for trading forex for years and is widely used around the globe. Though the MT4 trading platform is used around the world, not every one is created equally. With over 10 years of experience, Go Markets has created a world class MT4 platform that facilitates the trading of both forex, indices, commodities, and binary options.
Traders have access to over 60 tradeable instruments and a whole suite of trading and analysis tools, charting capabilities, Expert Advisors (EAs) for automated trading, and mobile trading solutions. The MT4 platform is available for download on both Windows and Mac computers as well as on Apple and Android mobile devices. The MT4 platform’s interface is very well designed and has been fully optimized for all devices. The platform works well to accommodate the needs of both beginner and advanced traders by providing numerous complex tools and features in an organized and easy to implement fashion. All in all, the trading platform offered by Go Markets is very good, but it would have been nice to have multiple options as many leading trading brokers feature more than just one trading platform.
Exchange Markets
Go Markets facilitates the trading of a range of assets for binary options trading including forex, commodities, indices, and cryptocurrencies. See below, a short overview of what Go Markets offers in each of these markets.
Foreign Exchange Market (Forex)
- Over 50 currency pairs available to trade
- Major, Minor, Exotic, & Forex, metal currency pairs
- Leverage starting at 300:1
- Commission free trading with tight variable spreads
Indices
- Total of 15 Global Indices
- 13 Cash CFD Indices
- 2 Futures CFD Indices
- Leverage of up to 200:1
- Trade long or short with fast execution
Commodities
- Gold, Silver, Platinum, Palladium, WTI Crude Oil, Brent Crude Oil
- Trade with leverage of up to 300:1
- Competitive spreads
- Trade long or short
Cryptocurrencies
- Bitcoin (BTC), Ethereum (ETH)
- Ease of transactions by trading CFDs
- Margin trading of 20%
Fees and Commission
Go Markets charges traders’ different fees for different account types. For instance, traders can choose the Standard account or the Pro account. The Standard account is a zero commission account with tight variable spreads starting as low as 1.2 pips. As for the Pro account, traders incur commissions of $3.50 per side (1 standard contract) and have spreads starting from 0.5 pips. The standard account has very competitive fees in the industry and are similar to other brokerage accounts of this type. The Pro account on the other hand, has larger spreads than other accounts of this type in the online trading industry. All in all, the fees and commissions imposed by Go Markets are comparable with many other leading online trading brokers.
Security and Fairness
Security of your data, money, and financial information is of the utmost importance. At Go Markets all this information is heavily protected with the use of the latest encryption technology on all transactional data. Also, Go Markets is registered and regulated by the Australian Securities and Investments Commission (ASIC), which helps to ensure GO Markets remains transparent and fair with their financial services.
Support
Go Markets has an excellent customer support team that can be reached via email, live chat, and telephone with Australian, UK, and an International phone numbers. The support received is relatively fast and very helpful and friendly. Other methods of support include reaching out on Go Markets social media platforms including Facebook, Twitter, YouTube, Google +, and LinkedIn. As well, traders can find helpful and informative information via the websites extensive FAQ page, and resourceful education centre.
Conclusion
All in all, Go Markets is a good online trading brokerage who can be trusted to provide competent trading services on a variety of assets. The MT4 platform they offer is very sophisticated and well designed. The broker offers a decent amount of tradeable assets but is quite limited compared with other leading brokers. The commissions and fees are very competitive and reasonable, and the customer support offered by Go Markets is phenomenal. If you’re looking for a reputable online trading broker that’s simple and easy to use, we recommend Go Markets as a viable option.
Go Markets Q&A
The following are the common questions that customers inquired about Go Markets.
Is Go Markets regulated?
Yes, it is regulated by the Australian Securities and Exchange Commission (ASIC).
Is Go Markets a scam?
No, Go Markets is a legit broker with a good reputation in the investments industry.
Where is Go Markets based?
Go Markets is based in Melbourne, Australia.
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