Go Markets

Legal Company NameGO Markets Pty Ltd
Websitehttps://www.gomarkets.com.au
Year Founded2006
Offices LocationsAustralia (Melbourne)
RegulatorsASIC (AFSL 254963)
Broker TypeMarket Maker
Minimum Deposit$200
Maximum Leverage500:1
Minimum Spread0.0 pips
Deposit & WithdrawalCredit Card, Bankwire, POLi, Fasapay, Neteller, Skrill, BPay
Currency Pairs50+
Trading PlatformMetaTrader 4, MetaTrader 5, MT WebTrader, Mobile Apps
Web-based PlatformsYes
Mobile AppsYes

An embedded MT4 pure Australian broker with a reputation that can pack a punch. Tradition rests at their core and a stoic member of the trading community. With variable and tight spreads, this broker impresses with transparency, technology, and regulation. Account options for all, and an apt <customer service holding it all together.

Account Types

All accounts at Go Markets are kept segregated from the business funds. Go Markets deposits all Trader funds in accounts at National Bank Australia which is a well-recognised top-tier local banking institution.

Standard Account: The standard account is an MT4 account with spreads from 1.1 pips. It requires a minimum deposit of $200 to open this account, and this gets you up and running with 24/5 support and no additional fees on your trades.

Pro Account: The pro account is entirely different from the Standard account. The higher minimum deposit of $1,000 will get you spreads as low as 0.1 pips, but a commission will be charged with $3.50 per standard lots on both sides of the trade – buy and sell. This account comes with the same 24/5 support, but I would rather see they dedicate account managers on accounts called “Pro”.

Plus+ Account: This account has a dedicated account manager and a $500 minimum deposit. While the commissions on the trade are only $3.00 per standard lot per side, the spreads are raw and taken from the liquidity pool which means that while spreads can be tight in times of high volatility, it can also be that they are quite high at other times too. This account comes with free MT4 Genesis and Autochartist.

Cryptocurrency Trading:

Go Markets is new to cryptocurrency CFDs and is taking a cautious approach to adding more. If you are looking to trade a lot of cryptocurrencies, other brokers could be better. But Go Markets does not rush into things and takes a steady and deliberate approach to their client offering. The two cryptocurrency pairs offered at the time of writing are BTCUSD and ETHUSD

Trading Platforms

Go Markets is an MT4 broker, supporting all versions of the MT4 platform including mobile and tablet applications for your Android or IOS device. MT4 offers fast execution, advanced charting, expert advisors and VPS options.

Regulation

Go Markets is fully regulated by ASIC with License number 254963 and have been since 10/03/2004.

Spread and Leverage

The spreads vary between the account you have. Raw spreads are as low as 0.0 pips on the Plus+ account, but for the pro account, the spreads are lowest at 0.1 pips. The standard account will have a 1.1 pip minimum. It is usual that you will find the spreads above their minimums, but not by much.

Deposits and Withdrawals

Make deposits with credit cards, BPay, bank-to-bank transfer, and e-wallets like Skrill and Neteller.

Go Markets does not directly charge for deposits or withdrawal, but some fees are charged by the funding companies. There are no fees charged by Go Markets on deposits made by credit cards and no fees if you are transferring from an AUD bank account in Australia.

Customer Support

Support is open 24/5 which is in line with the Forex trading week. Contact with Go Markets is available via phone and email – simple, old-fashioned, but still useful.

Compare Go Markets

Go Markets Vs. Pepperstone

 Go MarketsPepperstone
FundingCredit Card, Bankwire, POLi, Fasapay, Neteller, Skrill, BPayBank wire, Visa/Mastercard, Paypal, Skrill, Unionpay
RegulatedASIC (AFSL 254963)AFSL No.414530, ASIC
Broker TypeMarket MakerECN/STP
Currency Pairs50+62
Minimum Spread0.0 pips0.0 pips
Minimum Deposit$200$200
Max Leverage500:1500:1
Expert ReviewRead reviewRead review
Visit WebsiteVisit Go MarketsVisit Pepperstone

Go Markets Vs. ICmarkets

 Go MarketsICmarkets
FundingCredit Card, Bankwire, POLi, Fasapay, Neteller, Skrill, BPayCredit Card, Bankwire, POLi, Paypal, Neteller, Skrill & Many More
RegulatedASIC (AFSL 254963)ASIC (AFSL No. 335692)
Broker TypeMarket MakerECN
Currency Pairs50+65+
Minimum Spread0.0 pips0.0 pips
Minimum Deposit$200$200
Max Leverage500:1500:1
Expert ReviewRead reviewRead review
Visit WebsiteVisit Go MarketsVisit ICmarkets

Overall

If you want to use MT4 in your trading and a long-standing traditional broker proud of their ASIC regulation, then Go Markets could be your choice. It is a no-frills brokerage, but that is deliberate. You can not find gimmicks here. Just traders. Australian traders.

Go Markets
2.8
Go Markets Logo

Product Name: Go Markets

  • Trading Conditions
  • Platform Choice
  • Regulation & Oversight
  • Customer Support

Pros

  • ASIC Regulated
  • MT4 & MT5 support

Cons

  • Market Maker
  • Limited currency pairs
Comments Rating 0 (0 reviews)


Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
+ +