|Legal Company Name||GO Markets Pty Ltd|
|Offices Locations||Australia (Melbourne)|
|Regulators||ASIC (AFSL 254963)|
|Broker Type||Dealing Desk|
|Minimum Spread||0.0 pips|
|Deposit & Withdrawal||Credit Card, Bankwire, POLi, Fasapay, Neteller, Skrill, BPay|
|Trading Platform||MetaTrader 4, MetaTrader 5, MT WebTrader, Mobile Apps|
All accounts at Go Markets are kept segregated from the business funds. They are placed in accounts at National Bank Australia which is a well-recognized 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 quite 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 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. This means that while spread can be very low in times of high volatility, it can also mean they can be quite high at other times too. This account comes with free MT4 Genesis and Autochartist.
Go Markets is new to cryptocurrency CFDs and is taking a cautious approach to add more. If you are looking to trade a lot of cryptos, there are other brokers that 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
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 that Go Markets can help you with.
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:
Deposits can be made with credit cards (Visa & Mastercard), BPay, bank-to-bank transfer, and e-wallets like Skrill and Neteller.
Go Markets does not directly charge for deposits or withdrawal, but there are fees that are provided 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.
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 effective.
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. Gimmicks cannot be found here. Just traders. Australian traders.