GO Markets Review

Regulation - 10/10

Is GO Markets a Good Broker?

Yes, GO Markets is a good broker because they are regulated by the Australian Securities & Investments Commission (ASIC) and their license number is 254963.

For any dispute resolution (external), GO Markets is a member of the Australian Financial Complaints Authority (AFCA).

Funding & Withdrawals - 9/10

GO Markets Minimum Deposit

Go Markets minimum deposit is $0, meaning you can decide to deposit any amount into your account.

GO Markets Minimum Withdrawal

There is no minimum withdrawal at GO Markets Australia, so you can withdraw any amount you want.

Payment Methods

Go Markets accepts Visa/Mastercard, PayPal, Skrill, Neteller, BPay, PayID, USDT (for those outside Australia) & Bank Transfer deposit/withdrawal methods.

GO Markets Withdrawal Time

Withdrawals to local Australian banks take 1-2 working days, while card withdrawals take 3-5 working days.

Account Types - 6/10

1. Standard Account

This is a spread-only account with zero commissions, and it is ideal for beginners.

2. GO Plus Account

This account offers lower spread than the standard account but in return you must pay a flat commission on every trade.

3. Trust/SMSF Account

This account type is for corporate entities.

Account Mangement - 5/10

GO Markets Account Currency

GO Markets has AUD account currency as well as USD, EUR, GBP, NZD. HKD, CAD currencies.

Number of Trading Accounts Allowed

At GO Markets you can open up to 5 trading accounts, but you have to make a request for additional account creation and wait for approval.

Negative Balance Protection

GO Markets Negative Balance Protection feature ensures your trading account does not fall below zero, even if there is slippage.

GO Markets Fees - 7/10

1. Spread & Commission

GO Markets spread starts from 0.8 pips on the standard account. If you want lower spread the GO Plus Account offers spreads from 0.0 pips but you must pay a fixed commission of $3 per side per standard lot traded.

2. Overnight Fees

GO Markets charges an overnight swap fee when you leave your CFD trade open till the next day and over a weekend.

3. Withdrawal Fees

GO Markets does not charge withdrawal fees except you are withdrawing to a non-Australian bank account.

4. Inactivity Fee

GO Markets does not charge inactivity fees on dormant accounts, instead they are archived.

Range of Markets - 7/10

1. Forex CFDs

Over 30+ forex pairs are available for trading using CFD contracts. AUD/USD is available as well as other minor/exotics using up to 1:30 leverage..

2. Index CFDs

GO Marlets allows you trade up to 10+ Indices such as ASX 200, NAS 100, SP 500, China 50, US DOlar Index, etc. using up to 1:20 leverage.

3. Commodity CFDs

You can trade 10+ soft/hard commodities using CFD contracts and these include XAU/USD, Oil, Natural Gas. Soybeans, Wheat, etc. using up to 1:10 leverage.

4. Share CFDs

Trade Australian, American & Hong Kong shares using CFD contracts and up to 1:5 leverage. Unfortunately, EU shares are unavailable.

5. Fixed Income CFDs

UK, US, Japan & Euro Bonds are available for trading using CFD contracts and up to 1:5 leverage.

6. ETF CFDs

Trade 50+ ETFs using CFD cintracts and up to 1:5 leverage.

Trading Platforms - 10/10

1. TradingView

GO Markets has TradingView as part of its platforms and it works with both the Standard & GO Plus account types.

2. MetaTrader

GO Markets has both MT4 & MT5 trading platforms available to clients.

3. cTrader

GO Markets has cTrader listed as one of their trading platforms.

4. GO Trader

GO Trader was designed by GO Markets for their clients and it comes as a mobile app and web trader.

Tools - 7/10

1. Free MetaTrader Expert Advisors

GO Markets has developed and provided free EAs meant to add more features to their MT4/5, improving its functionality.

2. VPS

GO Markets Virtual Private Server (VPS) allows you connect your EAs to GO Markets servers which are always up 24/7 without any downtime.

Go Markets VPS is free if you trade a volume of 10 standard lots, otherwise you will have to subscribe for $25 per month to get the VPS.

3. Copy Trading

GO Markets offers you an opportunity to copy the trades of others or let them copy you for a fee, but unfortunately this feature is only available to cTrader users.

4. Economic Calendar

The economic calendar shows you the dates when important economic news will be released. It is available on the GO Markets website & mobile app.

5. Earnings Calendar

The earnings calendar is useful for stock traders as it shows you when companies will be releasing important financial reports.

Customer Support - 9/10

1. Live Chat

You can reach GO Markets via live chat 24/7 and the wait time to speak with a live agent is below 2 minutes.

2. Telephone & Email

GO Maekets offers telephone support, but their Australian help line is not toll-free. There is also a dedicated email address for complaints, displayed on the GO Markets website.

3. Personal Account Manager

GO Markets assigns account managers to every client for a more personalized service.

4. Help Center

There is a help center on the GO Markets website where frequently asked questions have already been answered in advance.

5. Beginner Education

There is sme basic beginner education on the GO Markets website, but it is not comprehensive.

Final Verdict - 7.7/10

GO Markets is one of the best forex brokers in Australia for experienced traders.