GO MARKETS YOUR COMPREHENSIVE GUIDE TO TRADING EXCELLENCE 2024

General Risk Warning

Trading financial instruments involves significant risk and may not be suitable for all investors. Leveraged products, such as CFDs, carry a high level of risk to your capital as prices can move rapidly against you. Ensure you fully understand the risks and only trade with money you can afford to lose. Consider seeking independent advice if necessary.

GO Markets Full Review

General Information & First Impressions

GO Markets, established in 2006, is a well-known Australian-based forex and CFD broker. With its competitive spreads, low trading costs, and advanced trading platforms, GO Markets provides a robust trading environment for both beginners and experienced traders. Upon visiting the GO Markets website, users are welcomed by a clean, professional design that makes navigation intuitive and finding essential information straightforward.

GO Markets Pros and Cons

Pros:

• Regulated by ASIC, CySEC, and FCA
• Competitive spreads starting from 0.0 pips
• Low minimum deposit of $200
• Advanced trading platforms (MT4, MT5)
• Comprehensive educational resources
• Excellent customer support

Cons:

• Limited range of tradable instruments compared to some competitors
• Inactivity fees for dormant accounts

Who Is GO Markets For?

GO Markets is suitable for a wide range of traders, from beginners to professionals. The broker's low-cost trading environment and user-friendly platforms make it an excellent choice for new traders looking to minimize costs while learning. Experienced traders will appreciate the advanced tools and tight spreads offered by GO Markets.

Account Types and Benefits

GO Markets offers two main account types to cater to different trading needs:

Trading Platforms

GO Markets supports several trading platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are known for their advanced charting tools, technical analysis capabilities, and automated trading features.

GO Markets Mobile Trading

Traders can access GO Markets' services on the go through the MT4 and MT5 mobile apps, available for both iOS and Android devices. These apps provide full account functionality, allowing traders to manage their accounts, execute trades, and analyze markets from anywhere.

GO Markets Trading Features

GO Markets offers several trading features designed to enhance the trading experience:

• Negative Balance Protection: Ensures traders do not lose more than their account balance.
• Advanced Order Types: Includes market orders, stop-loss, and trailing stop orders.
• VPS Hosting: For uninterrupted trading and faster execution speeds.

GO Markets Research & Education

GO Markets provides a range of educational resources to help traders improve their skills and stay informed about market trends. These resources include webinars, video tutorials, eBooks, and market analysis.

GO Markets Regulations & Licensing

GO Markets is regulated by several financial authorities, ensuring a secure trading environment:

• Australian Securities and Investments Commission (ASIC)
• Cyprus Securities and Exchange Commission (CySEC)
• Financial Conduct Authority (FCA)

GO Markets Pricing

GO Markets is known for its low-cost trading environment. The broker offers competitive spreads starting from 0.0 pips and low commission rates. There are no deposit or withdrawal fees, but GO Markets does charge inactivity fees for dormant accounts.

GO Markets Deposits & Withdrawals

GO Markets offers multiple options for deposits and withdrawals, including bank transfers, credit/debit cards, and e-wallets. The fees and processing times vary by method:

Customer Support

GO Markets provides excellent customer support through various channels, including live chat, email, and phone. The support team is available 24/5, ensuring that traders can get assistance whenever they need it.

GO Markets Trading Experience

The overall trading experience with GO Markets is highly positive. The broker offers a robust trading platform, competitive pricing, and comprehensive support. Traders appreciate the user-friendly interface, advanced tools, and educational resources that help them make informed trading decisions.

Bottom Line

GO Markets is a reliable and innovative broker that provides a comprehensive trading experience. Its competitive pricing, advanced trading platforms, and excellent customer support make it an attractive choice for traders of all levels. Whether you are a beginner or an experienced trader, GO Markets offers the tools and resources you need to succeed.

GO Markets Spreads

GO Markets Swap Fees

Available Languages

GO Markets supports multiple languages, including English, Spanish, French, German, Italian, Portuguese, and Chinese, ensuring traders worldwide can access their services.

Charts Available

GO Markets offers a wide range of charting options through the MT4 and MT5 platforms. These charts help traders analyze the markets effectively:

• Line Charts
• Bar Charts
• Candlestick Charts

Traders can customize these charts with various technical indicators and tools to suit their trading strategies.

Order Types

GO Markets provides several order types to help traders manage their trades effectively:

• Market Order: Executes a trade at the current market price.
• Stop-Loss Order: Limits losses by selling a position at a predetermined price.
• Trailing Stop Order: Adjusts the stop-loss level as the market price moves in your favor.

Order Execution Model

GO Markets uses an ECN (Electronic Communication Network) execution model, ensuring that trades are executed directly in the market without any dealing desk intervention. This model provides transparency and faster execution speeds.

MetaTrader 4 and 5

GO Markets supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. These platforms are renowned for their advanced trading tools, automated trading capabilities, and extensive charting features. Traders can choose the platform that best suits their trading needs.

Islamic Account

GO Markets offers an Islamic account option, compliant with Sharia law. This account type provides swap-free trading conditions, making it suitable for traders who adhere to Islamic principles.

GO Markets Maximum Leverage by Asset Class

What Can You Trade with GO Markets?

GO Markets offers a wide range of tradable instruments, allowing traders to diversify their portfolios:

GO Markets Spreads

GO Markets Swap Fees

Possible to Trade NFT?

Currently, GO Markets does not offer the option to trade NFTs. However, the broker continuously updates its offerings, so traders should check the website for the latest information on available instruments.

Broker Details

GO Markets is a global broker regulated by multiple top-tier financial authorities, ensuring the highest standards of security and transparency. The main regulatory bodies overseeing GO Markets include:

• Australian Securities and Investments Commission (ASIC)
• Cyprus Securities and Exchange Commission (CySEC)
• Financial Conduct Authority (FCA)

These regulatory bodies ensure that GO Markets adheres to stringent financial standards, providing a secure trading environment for its clients worldwide.

Contact Info

• Website: www.gomarkets.com
• Email: [email protected]
• Phone: +61 3 8566 7680
• Address: Level 22, 600 Bourke Street, Melbourne VIC 3000, Australia

GO Markets vs. eToro

GO Markets and eToro cater to different types of traders with unique features. GO Markets is known for its competitive spreads, low trading costs, and advanced trading platforms like MT4 and MT5. This makes it ideal for cost-conscious traders who require advanced trading tools. On the other hand, eToro is renowned for its social trading platform, which allows traders to follow and copy the trades of experienced investors. This makes eToro an excellent choice for beginners looking to learn from others, while GO Markets appeals more to experienced traders seeking low costs and robust trading features.

GO Markets in 2024: What’s New?

In 2024, GO Markets continues to enhance its offerings and expand its services. New developments include:

• Enhanced Trading Platforms: Upgraded MT4, MT5, and mobile app features for better user experience.
• Expanded Educational Resources: New webinars, video tutorials, and advanced trading courses.
• Additional Tradable Instruments: Introduction of new forex pairs and emerging market indices.
• Improved Customer Support: Extended support hours and multilingual support options.

FAQ