GO Markets

GO Markets Review: Is GO Markets Broker Good?

Broker overview and general information

GO Markets was founded in 2006 in Australia as an online CFD trading provider with headquarters in Melbourne. The broker's vision is to become the first choice for CFD trading for traders of all levels.

Broker Licensing and Regulation

If you ask whether GO Markets broker is good or not, you must first consider the license factor. The broker has the following licenses:

• GO Markets Pty Limited is registered in Australia (ABN 85 081 864 039), is authorised and regulated by the Australian Securities & Investments Commission (ASIC) and holds Australian Financial Services License No. 254963. Website: https://www.gomarkets.com/au 

• GO Markets Ltd is a Cyprus investment company registered in Cyprus with registration number (CRN): HE 351644, authorised and regulated by the Cyprus Securities Exchange Commission with license number 322/17. Website: https://www.gomarkets.eu/en/ 

• GO Markets International Ltd is incorporated in the Republic of Seychelles with registration number 8425985-1 and is authorised and regulated by the Seychelles Financial Services Authority (Securities Dealer Licence No. SD043). Website: https://www.int.gomarkets.com/ 

• GO Markets LLC is incorporated in Saint Vincent and the Grenadines under the Business Companies (Amendment and Consolidation) Act, Chapter 149 of the Revised Laws of Saint Vincent and the Grenadines, 2009. Business Company Number: 332 LLC 2020. Website: https://www.gomarkets.ltd/en-svg/

Broker Products and Services

Trading products

• Forex CFDs
  The Forex market is one of the most actively traded financial markets in the world. It is open 24 hours a day and is highly liquid. Traders can use tools such as MT4 and MT5 to analyze and manage their trades effectively. With competitive spreads and leverage up to 500:1, 

• Stock CFDs
  Trading CFDs on AU, US, and HK stocks allows you to speculate on price movements without owning the underlying stock, making profits even in a downtrend, with low commissions and leverage up to 20:1.

• Cryptocurrency CFDs
  Popular cryptocurrency CFD trading allows traders to trade cryptocurrencies 24/7 with leverage up to 20:1.

• Index CFDs
  Trading index CFDs that track a group of listed stocks allows you to trade on the price movement of an underlying asset without actually purchasing the asset. Tradeable indices include the FTSE 100, CAC 40, US 500 and ASX 200 with leverage up to 500:1.

• Metal CFD
  Trading precious metals, such as gold and silver, allows you to trade precious metals without actually buying them.

• Commodity CFDs
  Trading commodities such as oil and precious metals allows you to trade on a wide range of commodity price movements with leverage up to 500:1.

• Ministry of Finance CFD
  Trading CFDs on bonds gives you 23-hour access to the $125 trillion bond market with leverage up to 100:1.

• ETF CFDs
  Trading ETF CFDs allows you to track the performance of a sector-specific index, commodity or asset and gain exposure to a diversified portfolio without having to purchase each asset separately.

Trading Platform

MetaTrader 4

MT4 is a very popular trading platform among traders all over the world. Some of MT4's notable features include:

• Access global markets with competitive spreads and commissions.

• Expert Advisors (EAs) to automate your trading.

• Built-in indicators to analyze market movements

• Mobile trading system for smartphones and tablets

• And MT4 is also supported and can be downloaded and installed on all devices, including Mac, iOS and Android smartphones.

MetaTrader 5

MT5 is a powerful and easy-to-use platform that allows trading in multiple asset classes, precise management through broad price analysis, algorithmic trading applications, and more.

• Hundreds of trading instruments. Listing includes Forex, Stocks, Indices, Metals and Commodities.

• Full EA and robot operation

• Support all types of orders

• More than 80 technical analysis objects

• Market depth with latest prices

• Ability to hedge position risk

cTrader

The cTrader platform is a high-performance and liquid trading platform. cTrader offers a wide range of indicators and comprehensive videos and educational materials within the trading platform.

GO WebTrader

Browser-based trading platform designed by the broker to allow access to MT4 MT5 cTrader accounts from anywhere, anytime, using any browser. No need to waste time installing programs and the features are still complete as before.

Copy Trading

Copy trading platform from professional traders, allowing traders to copy trading signals with MT4 MT5 cTrader accounts on all platforms.

GO Markets Account Types Review

GO Plus+ Account

• Leverage up to 500:1

• Spreads from 0.0 pips

• $2.50 commission per top up FX standard lot

• Have a dedicated account manager

• Support EAs

• Free VPS

Standard Account

• Leverage up to 500:1

• Spreads from 0.8 pips

• Commission $0.00

• Have a dedicated account manager

• Support EAs

• Free VPS

Deposit and Withdrawal Review

The broker offers a wide range of account deposit and withdrawal options in several major currencies. Deposit for free using a variety of methods via the client portal.

Deposit

Withdrawal

Withdrawals from your trading account Withdrawal requests are submitted online via the client portal.

Traders need to log in, and the broker will process withdrawal requests within 1-2 business days.

Pros and Cons of Go Markets

Pros :

• Have a reliable license

• Narrow spreads 

Cons :

• There are only 2 types of accounts

• No bonus

• There is no Thai language support.

• Deposits and withdrawals in Thai currency are not supported, causing users to incur currency conversion fees.

• Lack of clarification of important information that directly affects users, such as minimum deposit and unclear withdrawal information.

Contact channels and customer service

• Live Chat

• E-mail -[email protected]

• Tel - +230 5869 0074

• Facebook -https://www.facebook.com/gomarketsmu/

• X -https://twitter.com/go_markets/

• LinkedIn -https://www.linkedin.com/company/go-markets-mu/

• YouTube - https://www.youtube.com/@gomarketsasia

Broker Overview Summary

From all the information we have gathered, GO Markets is quite an interesting broker, licensed by multiple authorities, but it is important to understand that each license will protect the rights of users in different regulatory jurisdictions.

However, even if the broker is properly licensed, there are still additional considerations such as a smaller variety of account types compared to other brokers, no Thai language support, which may cause Thai customers to lose out on various benefits due to unclear communication, and minimum deposit and withdrawal details, which are another important factor for traders because the lack of clarity may affect the profit or cost of the trader.

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Go Markets Review Compare spreads, fees, trading platforms, deposit and withdrawal conditions and more with real user reviews to help you decide on the broker that suits your needs.