GO Markets is a financial broker founded in 2006 that offers 1000+ CFDs for trading. Other benefits include leverage up to 1:500, spreads from zero, and CySEC regulation.
These advantages are attractive for most traders, but is GO Markets reliable in practice? In this review, we are going to investigate everything about this broker and get you the answer to the question.
Company Information & Regulation
GO Markets is a regulated CFD broker that has been serving traders since 2006. The company has built a solid reputation in the industry, focusing on providing clients with a superior trading experience through transparent pricing, fast execution, and reliable platforms. Key points about GO Markets:
- Founded in 2006, headquartered in Melbourne, Australia
- Regulated by the Cyprus Securities and Exchange Commission (CySEC), and Financial Services Commission of Mauritius
Summary of Key Specifics
This section will give a quick overview of GO Markets' important features. You can see it in the table below:
Broker | GO Markets |
Account Types | Standard, GO Plus+ |
Regulating Authorities | CySEC, FSC |
Based Currencies | EUR, USD, PLN, GBP, AUD, CAD, SGD, HKD, CHF, NZD, etc. |
Minimum Deposit | 100 EUR |
Deposit Methods | Credit/Debit Cards, Bank Transfers, E-wallets |
Withdrawal Methods | Credit/Debit Cards, Bank Transfers, E-wallets |
Minimum Order | 0.01 lot |
Maximum Leverage | 1:500 |
Investment Options | Copy Trading |
Trading Platforms & Apps | MT4, MT5, cTrader |
Markets | CFDs on Forex, Shares, Indices, Commodities, Crypto, Metals, ETFs, Treasury |
Spread | From Zero |
Commission | From Zero |
Orders Execution | Instant |
Margin Call/Stop Out | 80/50% |
Trading Features | Negative Balance Protection, Demo Account |
Affiliate Program | Yes |
Bonus & Promotions | No |
Islamic Account | Yes |
PAMM Account | Yes |
Customer Support Ways | Phone Call, Live Chat, Email, Ticket |
Customer Support Hours | 24/7 |
GO Markets Trading Account Types
GO Markets offers two main account types, differentiating in spreads and commissions, which will be examined later in the article. GO Markets Accounts:
- GO Plus+: Designed for high-volume traders using Expert Advisors
- Standard: Suitable for both beginners and experienced traders
Table of Features:
Account Type | Go Plus+ | Standard |
Tradable Markets | Forex, Shares, Indices, and Commodities | |
Max. Leverage | 1:500 | |
EAs | Allowed | |
Scalping | Allowed | |
Min. Trade Size | 0.01 Lot | |
Also, a demo account is available for traders to practice without the risk of losing funds.
Account Registration and Authorization Guide
In this section, we will investigate the process of signing up on GO Markets as a tutorial:
- Go to the website and click "Open account";
- Fill out the form with personal information, email, and country of residence;
- Create a complex password for your account;
- Provide additional details regarding your identity and residence location;
- Answer the questions about trading preferences, employment, income, and experience.
Your account is now created and ready to be used. To verify it, go to the profile section on the website and submit the required documents.
Trading Platforms Available on GO Markets
GO Markets offers a wide range of trading platforms compared to most competitors. In this section, we will have an overview of each platform:
- MetaTrader 4 (MT4): A popular platform evolved by the broker for its clients
- MetaTrader 5 (MT5): A newer version of MT4 with algorithmic trading possibilities
- cTrader: A robust platform with an attractive, user-friendly interface
- GO WebTrader: Web-based versions of MT4 and MT5 accessible from any browser
In the table below, you will find links to each platform for different operating systems and devices:
Operating System | Android | iOS |
MetaTrader 4 | ||
MetaTrader 5 | ||
cTrader |
Spreads and Fees
GO Markets provides a trading environment with competitive pricing across its account types. Spreads and Trading Commissions:
Account Type | Spreads | Fees |
GO Plus+ | From 0.0 Pips | $5 per Round Lot on Forex |
Standard | From 0.8 Pips | Zero |
GO Markets uses a variable spread model, which means spreads can widen during volatile market conditions. However, their pricing remains competitive compared to industry averages.
There are no fees besides those on trading. In other words, no inactivity, deposit, or withdrawal costs exist when working with the broker.
Which Methods Are Available for Deposit & Withdrawal on GO Markets?
This broker provides various options for funding and withdrawing from your trading account. Choose one that best fits your region and preferences:
- Credit/Debit Cards (Visa, Mastercard)
- Bank Transfer
- E-wallets (Neteller, Skrill)
Copy Trading & Investment Options
Investment methods have become so popular as ways to earn passive income in financial markets. GO Markets offers copy trading and PAMM accounts for traders. These options allow clients to earn money with the help of professional and experienced traders.
These services allow traders to follow and copy the strategies of successful traders, making it possible for less experienced investors to potentially benefit from the expertise of others.
Bonuses and Promotions
According to the latest investigations, GO Markets does not offer bonuses or promotions for new or existing clients. This is in line with regulatory requirements in many jurisdictions, which restrict or prohibit the use of trading bonuses.
How and When to Contact Support on GO Markets
Support services are an essential factor to consider when choosing a broker. GO Markets answers to the clients' inquiries via common methods:
- Live Chat: Available from the official website
- Email: support.mu@gomarkets.com
- Phone: +230 5869 0074
- Support Ticket: Through the website
GO Markets states that the support department offers its services 24/7.
Trust Scores on Reputable Websites
GO Markets has received mixed reviews across various platforms, including REVIEWS.io. Let's have a look at these ratings:
- Trustpilot: 4.8/5, based on over 500 reviews
- ForexPeaceArmy: 2.7 out of 5 with more than 220 ratings
- REVIEWS.io: 3.6/5, over 30 scores
Overall, GO Markets maintains a positive reputation, with higher-than-average scores on major review platforms. The rating discrepancy highlights the importance of considering multiple sources when evaluating a broker.
Potential traders should weigh these reviews alongside their own research and experience with the broker's demo account.
Conclusion and final words
GO Markets stands out as a solid choice for CFD traders, being regulated by CySEC, offering 1000+ symbols, leverage up to 1:500, with negative protection. Also, its overall trust scores are acceptable.
However, you should always conduct your own research before making any final decisions. Therefore, if you are interested in trading with GO Markets, first, make sure of its reliability.
