GO Markets Review 2019 | Is GO Markets a Scam or Legit Forex Broker?

Read our GO Markets review to find out if GO Markets is a scam or a reliable forex broker. Unbiased Forex brokers reviews combined with user comments.

Average broker rating

3.7/ 5

Rating breakdown

Protection & Regulations
60% Complete (danger)
3.0/5
Trading platforms
100% Complete (danger)
5.0/5
Tradable Products
100% Complete (danger)
5.0/5
Deposit and withdrawal
100% Complete (danger)
5.0/5
Trading Fees
20% Complete (danger)
1.0/5
Support
60% Complete (danger)
3.0/5
GO Markets
GO Markets Overview

GO Markets is an ASIC regulated Australian brokerage firm founded in 2006. It offers over 250 forex/CFDs assets for trading on its MetaTrader platforms.

# Broker's Features GO MARKETS Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will review GO Markets.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. GO Markets offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, Stocks, Crypto.

Tradable Products: GO Markets offer 28 currencies pairs, 2 metals, 12 indices, 2 commodities, 2 futures and over 200 ASX stock shares.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. GO Markets is ECN, Market Maker, No dealing desk, STP.

Minimum Deposit Requirement: To properly understand if a broker is suitable for a certain trader, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. GO Markets recommended minimum capital is $200.

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. GO Markets is regulated by ASIC. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Investor Protection & Regulations: GO Markets is regulated by ASIC in Australia. Client funds are held safely in the National Australia Bank and Commonwealth Bank. A digitally secure environment is maintained so that clients can trade and transact safely.

Languages Available: Next lets have a look at each broker's different Language options. GO Markets offers Chinese, English, French, German, Indonesian, Mala.

Payment methods: Next lets have a look at each broker's payment options. GO Markets offers China UnionPay, Credit Card, FasaPay, Neteller, Skrill, Wire Transfer different payment methods for each account types.

Deposit and withdrawal: GO Markets accept credit cards, debit cards and bank wire transfers. The broker also accepts POLi, BPay, Fasapay, Skrill and Neteller payments. No internal transaction fees are charged.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, GO Markets makes MetaTrader 4, MetaTrader 5 available to clients.

Web & Desktop Trading Platforms: The MT4 and MT5 platforms are provided by GO Markets. These are both Metaquotes platforms and are extremely popular. They are available as web based, download and mobile.
Mobile Trading Platforms: The MT4 and MT5 mobile app is provided by GO Markets. They are separately available for the android and iOS devices. The apps can be downloaded from their respective stores.

Other

Trader Education
The GO Markets ‘forex education centre’ has video lessons, eBooks and forex education courses. It is suited for beginners or more advanced traders

Promotions
$100 Refer A Friend Bonus

Support
GO Markets customer support is reachable via email, phone, contact us form, web chat and social media 24/5. The support team is friendly, fast and efficient.

Recup
GO Markets asserts that it is one of the first brokers to introduce MT4 to Australia. Since 2006, the broker has maintained consistent growth to become one of Australia’s leading brokers. Both the MT4 and MT5 platforms offered are perfect for analysis, manual and auto trading, strategy development and all trading styles.

Final Thoughts
The tools provided to traders are invaluable for a sound trading experience. With the combination of Autochartist, trading central analysis and MT4 genesis, GO Markets can be used by traders to trade forex and CFD assets efficiently and with all the tools they need.

Trading Experience
GO Markets designed its services to benefit all traders. The broker provides all the necessary tools needed by most clients in their daily analysis and trading.

People Also Asked

Is GO Markets regulated?
Yes, GO Markets is regulated by top-tier regulators, ASIC inclusive.
Where is GO Markets based?
GO Markets is based in Australia
How does GO Markets make money?
GO Markets charges a spread between the bid price and ask price. In some instances it also charges a commission.
How do I deposit in GO Markets account?
With GO Markets you can deposit money via the following means; China UnionPay, Credit Card, FasaPay, Neteller, Skrill, Wire Transfer.
How do I withdrawal in GO Markets account?
GO Markets lets you request a withdrawal of funds from your account via the following means; China UnionPay, Credit Card, FasaPay, Neteller, Sk.
What is the minimum deposit for GO Markets?
GO Markets has $200 minimum deposit.
What are the available account base currencies with GO Markets?
GO Markets trading accounts are offered in N/A. If your country's currency isn't included in the list, you will need to open an account with another currency base.
What is the max leverage in GO Markets?
GO Markets has a maximum leverage is 1:500 for professional traders.
How do I open an account with GO Markets?
Opening an account with GO Markets is a three-step process. First fill out the registration form, second is to send verification details to the verification department and lastly is to fund your account.
Does GO Markets use MetaTrader?
GO Markets platforms: Yes, GO Markets use MetaTrader as well as the following platforms: MetaTrader 4, MetaTrader 5
What type of broker is GO Markets?
GO Markets appears to be a ECN, Market Maker, No dealing desk, STP broker which offers market access to a variety of traders.
Does GO Markets accept US clients?
No
Does GO Markets offers Islamic accounts ?
Yes
What financial instruments can I trade?
You can trade a wide variety of instruments with GO Markets: You can trade a wide variety of instruments with GO Markets: Currencies, Commodities, Indices, Stocks, Crypto