GO Markets Review 2024
What are the Pros of GO Markets?
Here are some of the key advantages of GO Markets:. Low Forex Fees: GO Markets offers competitive forex fees. This is a significant advantage for traders who are active in the forex market. Fast and Fully Digital Account Opening: The account opening process at GO Markets is fast and fully digital. This makes it easy for new traders to get started. Great Educational Tools: GO Markets provides a variety of educational tools, including forex courses. These resources can be very helpful for both new and experienced traders. Favorable Non-Trading Fees: In addition to low trading fees, GO Markets also has favorable non-trading fees. This includes no charges for deposits, withdrawals, account inactivity, or account maintenance. Free VPS Services: GO Markets offers free Virtual Private Server (VPS) services to qualifying clients. This can be a significant advantage for traders who use automated trading systems. Tight Spreads and Competitive Commissions: GO Markets offers tight spreads and competitive commissions. This can help to reduce the cost of trading. MetaTrader 4 and MetaTrader 5 Platforms: GO Markets offers both MetaTrader 4 and MetaTrader 5, which are popular platforms among forex traders. Strong Regulatory Oversight: GO Markets is regulated by top-tier authorities, including the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). This provides traders with an added level of security. Please note that while GO Markets has many advantages, it also has some limitations. For example, its product portfolio is limited mainly to forex and CFDs. , and there is no investor protection for non-EU clients. As always, it’s important for traders to thoroughly research any broker before deciding to open an account.
What are the Cons of GO Markets?
GO Markets is a well-regarded forex and CFD broker, but like all brokers, it has its drawbacks. Here are some of the cons associated with GO Markets:. Limited Product Portfolio: GO Markets primarily offers forex and CFDs. This limited product portfolio may not appeal to investors interested in a wider range of investment options. Lack of Investor Protection for Non-EU Clients: While GO Markets is regulated by top-tier authorities such as ASIC in Australia, it does not offer investor protection for non-EU clients. This could be a significant drawback for potential investors outside the European Union. Average CFD Fees: Although GO Markets boasts low forex fees, its CFD fees are not the lowest in the market. This could be a deterrent for traders who deal heavily in CFDs. Poor News Feed and Lack of Fundamental Data: GO Markets provides trading ideas based on technical indicators and chart pattern recognition. However, it lacks fundamental data, and the news feed quality is poor. This could be a disadvantage for traders who rely on these resources for their trading strategies. $200 Minimum Deposit: GO Markets requires a minimum deposit of $200. This might be a barrier for individuals who wish to start trading with a smaller initial investment. Restricted Countries: GO Markets does not offer its services in multiple countries, including the US. This geographical restriction could limit the broker’s reach and potential client base. Please note that while these points highlight some of the potential drawbacks of trading with GO Markets, it’s important for each trader to consider their individual trading needs and objectives when choosing a broker.
What are the GO Markets Current Promos?
GO Markets, a leading global CFD provider, offers a wide range of opportunities for both new and active traders. They provide a variety of products including Forex CFDs, Share CFDs, Commodity CFDs, Indices CFDs, and Metals CFDs. One of the key promotions currently offered by GO Markets is the Zero Commission offer. This promotion allows traders to trade all XAUUSD (Gold) trades with no commission. This is a significant advantage for traders interested in trading gold, as it allows them to maximize their potential profits. GO Markets also offers a variety of account types tailored to different trading styles. They offer a GO Plus+ Account with leverage up to 30:1, spreads from 0.0 pips, and a commission of AU $3.00 per side. The available base currencies for this account type include AUD, USD, EUR, GBP, NZD, CAD, SGD, and CHF. In addition to the GO Plus+ Account, they also offer a Standard Account with leverage up to 30:1, spreads from 0.8 pips, and no commission per side. The available base currencies for this account type are the same as the GO Plus+ Account. It’s important to note that trading CFDs involves significant risk of loss, and it’s crucial for traders to understand these risks before opening an account.
What are the GO Markets Highlights?
GO Markets is a renowned global CFD provider that offers a wide range of trading opportunities. Here are some of the key highlights:. Trading Opportunities: GO Markets provides hundreds of opportunities to trade, offering a wide range of products including Forex CFDs, Share CFDs, Commodity CFDs, Indices CFDs, and Metals CFDs. Trading Platforms: They offer powerful trading platforms including MetaTrader 4 & 5, mobile trading platforms, WebTrader, cTrader, and cTrader Copy Trading. Extended Trading Hours: GO Markets offers extended trading hours with pre-market and after-market sessions on US Share CFDs. Competitive Pricing: They offer low spreads from 0.0 pips and fast execution, providing a competitive pricing advantage across a choice of instruments. Account Options: GO Markets has accounts tailored for both new and more active traders. They offer a GO Plus+ Account with leverage up to 500:1, spreads from 0.0 pips, and a commission of $2.50 per side. They also offer a Standard Account with leverage up to 500:1, spreads from 0.8 pips, and no commission per side. Support: GO Markets is backed by unmatched support, offering award-winning client support, and no deposit fees. Regulation: They are a regulated broker with segregated client funds. Zero Commission on Gold Trades: GO Markets now offers $0 commission on all XAUUSD trades. Please note that all the information provided is based on the latest available data and may be subject to change.
Is GO Markets Legit and Trustworthy?
GO Markets is a well-established Forex and CFDs broker that has been in operation since 2006. It is regulated by several top-tier financial authorities, including the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), the Financial Services Commission (FSC) in Mauritius, and the Financial Services Authority (FSA) in Seychelles. This multi-jurisdictional regulation provides a high level of trust and security for traders. The broker offers a wide range of tradable CFD instruments, including forex, shares, commodities, indices, metals, and treasuries. They are known for their strict compliance and competitive spreads. GO Markets was one of the first Australian brokers to offer MetaTrader 4, and they have since added MetaTrader 5, WebTrader, and mobile apps to their suite of services. Customer reviews of GO Markets are generally positive, with many users praising the broker’s customer service, low spreads, and trading conditions. However, like any broker, GO Markets has received some negative reviews as well. It’s important for potential traders to understand that trading involves risk, and losses can occur. In conclusion, based on its long operational history, regulation by top-tier financial authorities, and generally positive customer reviews, GO Markets appears to be a legitimate and trustworthy broker. However, potential traders should always conduct their own due diligence before choosing a broker. It’s also recommended to start with a demo account to familiarize oneself with the platform and trading conditions. Please note that while I strive to provide accurate and up-to-date information, it’s always a good idea to do your own research and consult with a financial advisor before making any investment decisions.
Is GO Markets Regulated and who are the Regulators?
GO Markets is indeed a regulated entity. It is authorized and regulated by the Financial Services Commission (FSC) of Mauritius as an Investment Dealer. This regulation allows GO Markets to operate as a Full Service Dealer, excluding Underwriting. The company provides legal documentation for clients to review before trading Forex, CFDs, or any other financial product available. These documents include a Disclosure Statement, Execution Policy, Privacy Policy, and Terms & Conditions. The Disclosure Statement explains what clients need to know about the products GO Markets can offer. The Execution Policy establishes effective arrangements for the Company to obtain the best possible result for its clients. The Privacy Policy discloses how GO Markets collects, uses, holds, discloses, and disseminates personal information. The Terms & Conditions govern all Financial Product transactions entered between GO Markets and its clients. It’s important to note that trading derivatives and leveraged products carries a high level of risk, including the risk of losing substantially more than your initial investment. Therefore, it’s crucial for potential clients to read all legal documentation before opening a live trading account with GO Markets. In the context of Forex trading, regulation is essential to ensure the integrity of the markets and protect consumers. Regulators like the FSC monitor the activities of investment dealers like GO Markets to ensure they comply with legal and regulatory requirements. This oversight helps maintain investor confidence and promotes a fair and transparent marketplace. Please note that the information provided here is based on the latest available data and may be subject to change. Always verify the regulatory status of a broker before making any investment decisions.
How do I get in Contact with GO Markets?
GO Markets, a leading broker offering Forex, Share CFDs and more, provides several ways for customers to get in touch. They have a multilingual team available 24 hours a day, Monday to Friday, ready to assist with various needs such as MetaTrader 4 or MetaTrader 5 support, customer support, trading hours, funding your accounts or opening a new account. Phone Contact. For international inquiries, you can reach them at +230 5869 0074. or +1 212 858 9589. If you are in Australia, you can contact them at +61 3 8566 7680. Email Contact. For general support, you can email them at support.mu@gomarkets.com. or customers_svg@gomarkets.com. For new account inquiries, you can email newaccounts.mu@gomarkets.com. If you’re interested in career opportunities at GO Markets, you can forward your resume to hr@gomarkets.com. Office Locations. Their head office is located at Level 7 Office 12, ICONEBENE Lot B441, Rue de L’Institut Ebene. They also have offices at First Floor, First St. Vincent Bank Ltd, James Street, P. O. Box 1574, Kingstown, St. Vincent and the Grenadines. and Level 11, 447 Collins Street, Melbourne, Australia. Website. You can visit their website at www.gomarkets.com. or www.gomarkets.ltd/en-svg. for more information. Account Opening and Funding. To open a live trading account, you can use the link provided on their contact page. For depositing funds into your trading account, you can refer to their funding and withdrawal page. Promotional Offers. For information about the latest offers which you may be eligible for, you can check with your dedicated account manager or simply send them an email. Remember, the multilingual team at GO Markets is here to help 24 hours a day, Monday to Friday. Don’t hesitate to reach out to them to discuss your CFD trading needs.
Where are the Headquarters from GO Markets based?
GO Markets, a leading broker offering Forex, Share CFDs and more, has its headquarters in multiple locations. The primary headquarters of GO Markets is located in Melbourne, Australia. The exact address is 447 Collins St L 11, Melbourne, Victoria, 3000, Australia. Another location mentioned is 71 Web Www.gomarkets.com 22 600 Bourke St L 1800, Melbourne, Derbyshire, United Kingdom. In addition to its Australian base, GO Markets has a significant presence in Mauritius. The office in Mauritius is situated at Level 7 Office 12, ICONEBENE Lot B441, Rue de L’Institut Ebene. The contact number for this location is +230 5869 0074. Furthermore, GO Markets has offices in other parts of the world including Sydney, Cyprus, Seychelles, and St. Vincent & Grenadines. This global presence allows GO Markets to cater to a wide range of clients and offer round-the-clock support. In the context of Forex, GO Markets is a well-established player. It offers online CFD trading services, making it a popular choice among currency traders. The company is committed to providing exceptional customer service, with a multilingual team available 24 hours a day, Monday to Friday. Please note that this information is accurate as of the last update and it’s always a good idea to check the official GO Markets website or contact them directly for the most current information.
What kind of Customer Support is offered by GO Markets?
GO Markets is a leading broker that offers Forex, Share CFDs and more to its clients. The broker provides various types of customer support to ensure that its clients have a smooth and satisfying trading experience. Some of the customer support services offered by GO Markets are: Phone support: GO Markets has a multilingual team that is available 24 hours a day, Monday to Friday, to assist clients with any queries or issues they may have. The phone numbers for different regions are as follows: Australia: 1800 88 55 71 United Kingdom: +44 203 637 7618 International: +61 3 8566 7680 Email support: GO Markets also has an email address for each region, where clients can send their questions or complaints. The email addresses are as follows: Australia: support.au@gomarkets.com United Kingdom: support.uk@gomarkets.com International: support.mu@gomarkets.com Frequently Asked Questions (FAQs): GO Markets has a comprehensive section on its website where it provides answers to some of the most common questions that its clients may have. The FAQs cover topics such as account opening, funding, trading platforms, trading instruments, risk management, and more. Clients can access the FAQs by clicking on the “FAQs” tab on the top menu of the website. Career opportunities: GO Markets is committed to recruiting, developing, retaining and motivating exceptional people. The broker offers various career opportunities for talented and passionate individuals who want to join its team. Clients can forward their resume to hr@gomarkets.com for consideration. Promotional offers: GO Markets also provides regular promotional offers for its clients, such as bonuses, contests, tournaments, and more. Clients can check with their dedicated account manager on the latest offers they may be eligible for or simply send an email to support.mu@gomarkets.com. . GOT IT! You have learned about the customer support services offered by GO Markets in the context of forex trading. If you want to start trading with GO Markets, you can open an account online by following this link – Open Account. Happy trading!.
Which Educational and Learning Materials are offered by GO Markets?
GO Markets offers a comprehensive suite of educational and learning materials to guide traders towards the best possible trading experience. These resources are provided free of charge and cover a wide range of topics, from trading strategies and psychology to technical analysis and system development. Trading Strategies and Psychology: GO Markets provides articles on the latest trading strategies and psychology. These resources are designed to help traders understand the mindset required for successful trading. Introduction to Forex: For those new to currency markets, GO Markets offers a beginners’ introduction to Forex trading. This resource lays a solid foundation for understanding the dynamics of Forex markets. Inner Circle Webinars: The Inner Circle is a group coaching program that provides weekly education and market reviews. It aims to build knowledge and confidence while helping traders connect with each other. MT4 & MT5 Genesis: This is a comprehensive suite of MetaTrader trading tools that enhance the power of the standard MetaTrader platform. These tools work on Forex, Indices, and Commodities. MetaTrader 4 Video Tutorials: Specifically tailored for beginner traders, these tutorials provide everything one needs to get the most from the powerful MetaTrader 4 platform. Forex Education Courses: GO Markets offers tailored Forex education courses for beginner traders. These include ‘First Steps in Forex’ and ‘Next Steps in Forex’, which provide the knowledge required to understand aspects of technical analysis, trading system development, and review. FAQs: For day-to-day trading queries, GO Markets provides a section of frequently asked questions. Margin Call Podcast: This exciting new podcast series gives behind-the-scenes access to the ups and downs of working in the Forex/CFD industry. In conclusion, GO Markets provides a wide range of educational resources, all aimed at enhancing the trading experience and knowledge of its users.
Can anyone join GO Markets?
GO Markets, a leading global provider of online foreign exchange (Forex) trading, has established itself as a premier choice for traders worldwide. Here’s a detailed look at who can join GO Markets and what they offer:. Eligibility Criteria. GO Markets offers two types of accounts: the GO Plus+ Account and the Standard Account. Both accounts have a leverage of up to 30:1. The GO Plus+ Account offers spreads from 0.0 pips and charges an AU $3.00 commission per side. The Standard Account offers spreads from 0.8 pips and does not charge a commission. The available base currencies for both accounts are AUD, USD, EUR, GBP, NZD, CAD, SGD, and CHF. This wide range of base currencies makes it accessible for traders from various countries. Trading Opportunities. With a single account, traders can access hundreds of trading opportunities. They can trade Forex CFDs, Share CFDs, Commodity CFDs, Indices CFDs, and Metals CFDs. This wide range of products provides traders with the flexibility to diversify their portfolio. Trading Platforms. GO Markets offers powerful trading platforms including MetaTrader 4 and MetaTrader 5. These platforms are known for their user-friendly interface, advanced charting capabilities, and a suite of technical analysis tools. Regulation and Support. GO Markets is an Australian regulated broker. This means they adhere to strict regulatory standards, providing traders with an added layer of security. They also offer award-winning client support and do not charge deposit fees. In conclusion, while GO Markets provides a robust platform for Forex trading, potential traders should review the specific account requirements and trading conditions on the official GO Markets website. to ensure it aligns with their trading goals and strategies. As with all forms of trading, it’s important to understand the risks involved before getting started.
Who should sign up with GO Markets?
GO Markets is a suitable platform for a wide range of individuals interested in trading, particularly in the Forex market. Here are some categories of individuals who might find GO Markets appealing:. New Traders: GO Markets offers accounts tailored to both new and more active traders. This makes it an excellent platform for individuals who are new to trading and looking to learn the ropes. Active Traders: More active traders can also benefit from the various features offered by GO Markets. The platform provides hundreds of opportunities to trade, including Forex CFDs, Share CFDs, Commodity CFDs, Indices CFDs, and Metals CFDs. Traders Seeking Competitive Pricing: GO Markets offers low spreads and competitive pricing, with spreads as low as 0.0 pips. This can be advantageous for traders seeking to maximize their potential returns. Traders Looking for a Regulated Broker: GO Markets is a regulated broker, which can provide traders with an added layer of security and peace of mind. Traders Interested in a Variety of Trading Products: With GO Markets, traders can trade a wide range of products including Forex CFDs, Share CFDs, Commodity CFDs, Indices CFDs, and Metals CFDs. This variety can be appealing to traders interested in diversifying their portfolio. Traders Seeking a User-Friendly Platform: GO Markets offers powerful and user-friendly trading platforms, including MetaTrader 4 & 5. This can make the trading process smoother and more efficient for traders of all experience levels. In conclusion, GO Markets is a versatile trading platform that can cater to the needs of a wide range of traders. Whether you’re a beginner looking to get started in trading or an experienced trader seeking a platform with competitive pricing and a variety of trading products, GO Markets could be a good fit for you.
Who should NOT sign up with GO Markets?
GO Markets is a global CFD provider that offers trading on forex, indices, commodities, shares, metals, cryptocurrencies and more. It is regulated by the Australian Securities and Investments Commission (ASIC) and has won several awards for its service and performance. However, not everyone is suitable to trade with GO Markets. Here are some reasons why you should NOT sign up with GO Markets:. You are not familiar with CFD trading. CFD stands for contract for difference, which is a type of derivative that allows you to speculate on the price movements of an underlying asset without owning it. CFD trading involves high risk and leverage, which means you can potentially lose more than your initial deposit. You should only trade with money that you can afford to lose and have a clear understanding of how CFDs work before signing up with GO Markets. You are looking for a low-cost broker. While GO Markets offers competitive spreads and commissions on some of its accounts, it also charges other fees such as overnight funding fees, withdrawal fees, inactivity fees and conversion fees. These fees can add up over time and reduce your profits. You should compare the costs and benefits of different brokers before choosing one that suits your trading style and budget. You are not comfortable with the platform or tools. GO Markets offers various platforms to suit different preferences and needs, such as MetaTrader 4, MetaTrader 5, WebTrader, cTrader and mobile apps. However, some traders may find these platforms too complex or difficult to use. You should test the platform or tools before signing up with GO Markets to make sure they meet your expectations and requirements. You are not aware of the risks involved in forex trading. Forex trading is one of the most popular forms of CFD trading, but it also involves significant risks. Forex prices are influenced by many factors such as economic news, political events, market sentiment and supply and demand. These factors can cause sudden and unpredictable price movements that can result in losses. You should be prepared for volatility and uncertainty when trading forex with GO Markets. . In conclusion, GO Markets is a reputable CFD provider that offers a wide range of products and services to traders around the world. However, it is not suitable for everyone. You should consider your level of experience, knowledge, skills and goals before signing up with GO Markets. You should also do your own research and due diligence before making any investment decisions.
Does GO Markets offer Discounts, Coupons, or Promo Codes?
In the context of forex trading, it’s important to note that promotional offers such as discounts, coupons, or promo codes can significantly impact a trader’s experience. These offers can provide traders with an opportunity to maximize their investment returns, reduce trading costs, or access premium features. However, based on the available information, it’s not clear whether GO Markets currently offers any discounts, coupons, or promo codes. It’s recommended for traders to check the official website of GO Markets or contact their customer service for the most accurate and up-to-date information. Please note that while such promotional offers can be beneficial, they should not be the sole factor in choosing a forex broker. Other important considerations include the broker’s regulatory status, the range of available trading instruments, the quality of the trading platform, and the level of customer service. Remember, trading in forex involves a high level of risk, and it’s important to understand the terms and conditions associated with any promotional offers before you start trading. Always trade responsibly.
Which Account Types are offered by GO Markets?
GO Markets offers a variety of account types to cater to the diverse needs of traders. Here are the details:. 1. Standard Account This account type offers fast trade execution across tight spreads with a simple commission-free structure. It is suitable for traders who prefer a straightforward trading experience. Key features include:. Leverage up to 500:1. Spreads from 0.8 pips. $0.00 commission. Available base currencies: AUD, USD, EUR, GBP, NZD, CAD, SGD, CHF, HKD. 2. GO Plus+ Account The GO Plus+ Account is a powerful solution with ultra-low spreads. It is designed to suit higher volume and EA traders. Key features include:. Leverage up to 500:1. Spreads from 0.0 pips. $2.50 commission per side on standard lot. Available base currencies: AUD, USD, EUR, GBP, NZD, CAD, SGD, CHF, HKD. Both account types offer a wide range of FX pairs, Shares, Indices & Commodities. , and allow a minimum trade size of 0.01 lots. They also support various trading tools, allow EAs, offer free VPS, and permit scalping. Please note that the leverage, spreads, and commissions may vary depending on the region due to regulatory requirements. In addition to these, GO Markets also offers a Risk-Free Demo Account. and other account types such as GO Pro Account, Professional Account, and Corporate Account. Before choosing an account type, it’s important to consider your trading needs and strategies. You can also get in touch with a personal account manager at GO Markets to discuss which account suits your trading needs best.
How to Open a GO Markets LIVE Account?
Opening a GO Markets LIVE account involves a few steps. Here’s a detailed guide:. Step 1: Confirm Your Identity The first step to open a GO Markets LIVE account is to confirm your identity. This process can be completed in just a few minutes. Step 2: Fund Your Account Once your identity has been confirmed, the next step is to fund your account. You can do this via a debit card or bank transfer. Step 3: Place Your Trade After funding your account, you’re ready to place your trade. You can take a position in your choice of instrument. Additional Information GO Markets offers a trading account with no commission, low spreads, and a minimum deposit of only $200. They offer a wide range of products including Forex, Shares, Commodities, Indices, and Cryptocurrency CFDs. They also provide personalized multilingual customer support 24/5 to help you with all your trading needs. Base Currencies GO Markets offers 9 different base currencies: Australian Dollar (AUD), Euro (EUR), Great British Pound (GBP), New Zealand Dollar (NZD), United States Dollar (USD), Singapore Dollar (SGD), Swiss Franc (CHF), Canadian Dollar (CAD), and Hong Kong Dollar (HLD). Trading Tools GO Markets provides tools to advance your trading. They offer Trading Central, which combines AI analytics and analyst expertise to offer unbiased trading ideas, validation of new opportunities, and education. They also offer Autochartist, one of their clients’ favorite MT4 charting tools, which automatically scans markets to deliver price action alerts, analysis, forecasts, and more. Remember, trading involves risk and it’s important to understand the risks involved before you start trading. It’s also recommended to try a free demo before opening a live account.
How to Open a GO Markets DEMO account?
Opening a GO Markets DEMO account is a straightforward process that involves a few key steps. Here’s a detailed guide:. Step 1: Visit the GO Markets Website The first step is to navigate to the GO Markets website. This is where you’ll find all the information you need about the different types of accounts they offer, including the DEMO account. Step 2: Fill the Registration Form Once on the website, look for the option to create a DEMO account. You’ll be asked to fill out a registration form with your personal information. This typically includes your name, email, phone number, and country of residence. Step 3: Verify Your Profile After filling out the registration form, you’ll need to verify your profile. This is an important step to ensure the security of your account. Step 4: Login into the DEMO Account Once your profile is verified, you can log in to your DEMO account. This account will simulate the real market environment on their trading platform. The DEMO account comes with several features, including $50,000 in virtual funds, real-time spreads and charts, over 80 technical analysis tools, 24/5 multilingual client support, and access to all types of accounts, platforms, and products. It’s designed to mimic live trading conditions as closely as possible, allowing you to test your trading strategies and even put your Expert Advisors (EAs) to the test. Remember, the purpose of a DEMO account is to provide a risk-free environment for you to familiarize yourself with the platform and develop your trading strategies. All results you achieve on a free MetaTrader 4 & 5 Forex DEMO account with GO Markets are hypothetical. I hope this guide helps you in opening a DEMO account with GO Markets. Happy trading!.
How Are You Protected as a Client at GO Markets?
As a client at GO Markets, you are protected in several ways:. Investor Protection: Some or all of GO Markets’s clients have access to investor protection. This guarantees the return of your money if your broker goes bankrupt. The amount of investor protection you’re eligible for differs from entity to entity. For example, clients in the EU are protected up to €20,000 by the Cyprus Securities and Exchange Commission (CySEC), while clients in Australia and other eligible countries do not have protection. Negative Balance Protection: GO Markets provides negative balance protection. This means that if the balance on your account goes into negative, you will be protected. However, negative balance protection does not apply to clients onboarded under the Mauritius legal entity. Legal Documentation: GO Markets provides legal documentation for clients to review before trading Forex, CFDs, Shares or any other financial product available. These documents include Product Disclosure Statement, Financial Services Guide, Target Market Determination for CFDs, and others. Dispute Resolution Policy and Procedure: GO Markets has a Dispute Resolution Policy and Procedure in place. This ensures that any complaints or disputes are handled in a fair and efficient manner. Privacy Policy: GO Markets has a Privacy Policy that governs how they collect, use, hold, disclose and disseminate your personal information. However, it’s important to note that clients of GO Markets Pty Ltd and GO Markets Pty Ltd (MU) are not protected against the entity’s credit risk. Also, professional clients are not entitled to compensation under the Investor Compensation Fund, negative balance protection, and are required to make additional payments to their trading accounts if they fall into a negative balance.
Which Funding methods or Deposit Options are available at GO Markets?
GO Markets provides a range of account funding and withdrawal options in multiple base currencies. Here are the deposit options available:. Mastercard: Accepted currencies include AUD, USD, GBP, EUR, AED, SGD, CAD, CHF, HKD, NZD. The processing is instant and there are zero internal fees. Visa: Accepted currencies include AUD, USD, GBP, EUR, AED, SGD, CAD, CHF, HKD, NZD. The processing is instant and there are zero internal fees. Skrill: Accepted currencies include AUD, USD, GBP, EUR, NZD, SGD. The processing is instant and there are zero internal fees. Neteller: Accepted currencies include AUD, USD, GBP, EUR, SGD. The processing is instant and there are zero internal fees. Bank/Wire Transfer: Accepted currencies include AUD, USD, GBP, EUR, SGD, NZD, HKD, CAD, CHF. The processing takes 1 – 3 business days and there are zero internal fees. Fasapay: Accepted currency is USD. The processing is instant and there are zero internal fees. Please note that not all payment options are available in all countries. Payments to and from international banking institutions may attract intermediary transfer fees and/or conversion fees from either party which are independent of GO Markets. Any such fees will be the responsibility of the client. It is quick and easy to withdraw funds from your GO Markets trading account. For your convenience, withdrawal requests are submitted online through the secure Client Portal. You may withdraw funds from your account at any time. To withdraw funds, please log into the Client Portal and click on “Withdrawal”. Select your preferred method, enter the amount you wish to withdraw and click the “Confirm” button. They will process your withdrawal request within one to two business days whenever possible. GO Markets does not charge any internal deposit fees using Visa/Mastercard, Skrill, Neteller and Bank Transfer. GO Markets do not charge any internal fees for withdrawals, however, fund withdrawals to non-Mauritius banking institutions may be subject to bank fees from any intermediary bank involved in the transaction and may attract a receiving fee from your bank/institution.
What is the Minimum Deposit Amount at GO Markets?
GO Markets, a renowned player in the Forex trading space, offers a range of account types to cater to the diverse needs of traders. The minimum deposit required to open an account with GO Markets varies based on the trader’s location and the type of account. For traders based in Europe, the minimum deposit is $100. Australian traders, on the other hand, need to deposit at least $200. Traders residing outside these jurisdictions are required to deposit a minimum of $500. GO Markets provides two different live trading account types: Plus+ and Standard. The broker supports a variety of base currencies depending on your location, including AUD, USD, EUR, GBP, NZD, CAD, SGD, CHF, HKD, and PLN. Deposits can be made instantly and for free using a variety of methods via the Client Portal. These methods include bank wire transfers, credit/debit cards (Visa or Mastercard), and several e-wallets such as Skrill, Neteller, FasaPay, BPAY, Poli, DotPay, and Checkout.com. The processing time is often instant, with the only exceptions being BPAY (1-2 business days), Checkout.com, and wire bank transfers (both 1-3 business days). It’s important to note that while GO Markets does not charge any internal deposit fees, using a non-base currency may incur a small conversion fee. Also, payments to and from international banking institutions may attract intermediary transfer fees and/or conversion fees from either party, which are independent of GO Markets. Any such fees will be the responsibility of the client. In conclusion, GO Markets offers flexible account funding options with competitive minimum deposit requirements, making it a viable choice for traders at various levels of investment capacity. As always, potential traders should conduct thorough research and consider their financial situation before starting to trade Forex.
Which Withdrawal methods are available at GO Markets?
GO Markets is a leading online forex and CFD broker that offers a range of account funding and withdrawal options for its clients. Whether you want to deposit or withdraw funds from your trading account, you can choose from the following methods: Bank transfer: You can transfer funds from your bank account to your GO Markets account using the SWIFT code provided by the broker. This method is available in multiple currencies and has zero internal fees. However, it may take up to three business days for the funds to be processed and credited to your account. Skrill: You can use Skrill, a popular online payment service, to fund or withdraw funds from your GO Markets account. Skrill is available in multiple currencies and has instant processing and zero internal fees. You can link your Skrill account to your bank account or credit card for faster transfers. Neteller: You can use Neteller, another well-known online payment service, to fund or withdraw funds from your GO Markets account. Neteller is available in multiple currencies and has instant processing and zero internal fees. You can link your Neteller account to your bank account or credit card for faster transfers. Fasapay: You can use Fasapay, a secure online payment service, to fund or withdraw funds from your GO Markets account. Fasapay is only available in USD currency and has instant processing and zero internal fees. You can link your Fasapay account to your bank account or credit card for faster transfers. BPAY: You can use BPAY, an Australian online payment service, to fund or withdraw funds from your GO Markets account. BPAY is only available in AUD currency and has zero internal fees. However, it may take up to two business days for the funds to be processed and credited to your account. Visa/Mastercard: You can use Visa/Mastercard, the most widely accepted credit cards in the world, to fund or withdraw funds from your GO Markets account. Visa/Mastercard are available in multiple currencies and have instant processing and zero internal fees. However, some credit cards may treat funding as a cash advance, which may incur additional fees. DotPay: You can use DotPay, a global online payment service that supports over 200 countries and regions, to fund or withdraw funds from your GO Markets account. DotPay is available in multiple currencies and has instant processing and zero internal fees. However, it may take up to three business days for the funds to be processed and credited to your account. Nuvei: You can use Nuvei, a leading global payment platform that supports over 150 countries and regions, to fund or withdraw funds from your GO Markets account. Nuvei is available in multiple currencies and has instant processing and zero internal fees. However, it may take up to three business days for the funds to be processed and credited to your account. . To withdraw money from your GO Markets trading account, you need to log into the secure Client Portal. , click on “Withdrawal”, select your preferred method, enter the amount you wish to withdraw and click the “Confirm” button. The broker will process your withdrawal request within one to two business days whenever possible. If you encounter any issues, please feel free to contact the customer support team. Please note that you can only withdraw funds from accounts that are in the same name (or joint) as your GO Markets account due to third-party transaction regulations. Third-party payments and over-the-counter cash payments are.
Which Fees are charged by GO Markets?
GO Markets, a renowned forex and CFD broker, offers a variety of account funding and withdrawal options in multiple base currencies. Deposits:. Deposits can be made instantly and for free using a variety of methods via the Client Portal. Accepted currencies for deposit include AUD, USD, GBP, EUR, AED, SGD, CAD, CHF, HKD, NZD. Deposit methods include Mastercard, Visa, Skrill, Neteller, Bank/Wire Transfer, and Fasapay. GO Markets does not charge any internal deposit fees using Visa/Mastercard, Skrill, Neteller, and Bank Transfer. Withdrawals:. Withdrawal requests are submitted online through the secure Client Portal. GO Markets processes withdrawal requests within one to two business days whenever possible. GO Markets does not charge any internal fees for withdrawals. Fees and Charges:. Payments to and from international banking institutions may attract intermediary transfer fees and/or conversion fees from either party which are independent of GO Markets. The use of Payment Service Providers (PSP) may also attract transaction and conversion fees. Some credit cards/banks treat funding your Account as a ‘Cash Advance’. Fees and charges are subject to change without warning. Any such fees as described above will be the responsibility of the client. In terms of trading fees, GO Markets charges a commission of $3.00 per lot per trade. The spreads range from 0.0 pips to 0.1 pips. However, it’s important to note that the fees and spreads can vary depending on the account type selected by the trader. Please note that not all payment options are available in all countries. Also, fund withdrawals to Non-Mauritius banking institutions may be subject to bank fees from any intermediary bank involved in the transaction and may attract a receiving fee from your bank/institution. It’s always recommended to check the latest fee structure directly from the GO Markets website or contact their customer service for the most accurate information.
Which Trading Platforms are offered by GO Markets?
GO Markets offers a wide range of globally recognized trading platforms, each designed to cater to the unique needs of traders. Here are the details:. MetaTrader 4 (MT4). : This popular platform is known for its simplicity and features. It offers fast execution, advanced charting options, and supports Expert Advisors and VPS options. It’s suitable for both new and expert traders. MetaTrader 5 (MT5). : MT5 is a high-powered, intuitive platform that allows multiple asset classes to be traded. It offers broad price analysis, algorithmic trading applications, and more. It’s a modern and comfortable platform that provides professional technical analysis. cTrader. : cTrader is a user-friendly yet powerful platform that combines advanced customization and order capabilities with education and analysis tools. It offers ultra-low spreads and high-performance trading. cTrader Copy Trading. : This platform allows traders to harness the expertise of top-performing traders through an advanced, flexible, and secure system that automates trading strategies. It offers rich insights and analytics tools and maintains control using the equity-to-equity ratio model. Mobile Trading. : GO Markets’ mobile app brings the power of MT4 and MT5 to your fingertips. It’s compatible with both Android and iOS devices and allows trading Forex, Indices, and Commodities as CFDs anytime, anywhere. GO WebTrader. : This web-based MT4 and MT5 version lets you place and monitor trades where you don’t have the platform downloaded. It’s suitable for both beginner and advanced traders. In addition to these platforms, GO Markets also offers advanced trading tools such as MT4/MT5 Genesis, Autochartist, and Trading Central. These tools provide additional capabilities like automatic market scanning, price action alerts, analysis, forecasts, and more.
Which Trading Instruments are offered by GO Markets?
GO Markets offers a wide range of trading instruments to cater to the diverse needs of traders. Here are the details:. Forex CFDs: GO Markets provides an extensive selection of Forex CFDs. Traders can speculate on the price movements of various currency pairs. Commodity CFDs: Traders can also trade Commodity CFDs, which include oil, gold spot, natural gas, soy, and wheat. Share CFDs: Share CFDs are another offering from GO Markets. It’s important to note that real shares are available for traders from Australia. Index CFDs: Index CFDs allow traders to speculate on the performance of an underlying stock market index. Some of the widely traded indices include the S&P 500, Dow Jones Industrial Average, NASDAQ 100 in the United States, and FTSE 100, DAX 40, and CAC 40 in Europe. Metal CFDs: Metal CFDs are also available for trading, providing opportunities for traders interested in the metals market. Cryptocurrency CFDs: For those interested in the digital currency market, GO Markets offers Cryptocurrency CFDs. Treasury CFDs and ETF CFDs: These are additional instruments that traders can choose to trade. In addition to these instruments, GO Markets also provides access to globally recognized trading platforms such as MetaTrader 4 and MetaTrader 5. Traders can also access advanced trading tools from GO Markets MT4, MT5 Genesis package, Trading Central, MyFXbook, Autochartist, and a-Quant. Please note that trading involves risk and it’s important to understand the instruments and the market before starting to trade.
Which Trading Servers are offered by GO Markets?
GO Markets offers a robust and reliable trading server solution for online Forex and CFD trading. This solution is centered around the use of Virtual Private Servers (VPS) which are designed to provide fast, real-time access to the market, a critical aspect for Forex trading. The VPS servers offered by GO Markets are provided by industry leader ForexVPS. These servers are designed to deliver low latency to GO Markets’ trade servers, ensuring that traders can execute their trades as quickly as possible. GO Markets’ VPS servers come pre-installed with MetaTrader 4 (MT4) and MetaTrader 5 (MT5), two of the most popular trading platforms in the Forex market. These platforms offer a range of features and capabilities that traders can optimize to empower their trading. One of the key benefits of using a VPS for Forex trading is the ability to run algorithms and Expert Advisors (EAs) continuously. This allows traders to take advantage of high-impact events or set up trades for automatic placement directly into the market. In addition to this, GO Markets’ VPS solution provides direct market liquidity access as it’s housed just meters from where most Forex transactions are conducted. This proximity to the market ensures that traders can execute their trades as quickly as possible. GO Markets offers a free monthly VPS subscription to clients who have completed a minimum trade volume of US $1 Mil per calendar month (approximately 5 round turn FX lots). If the monthly trade volume has not been met, a VPS fee of US$25 (or Account Currency Equivalent) per month will be charged. In conclusion, GO Markets offers a comprehensive VPS solution for Forex trading, providing traders with the speed, reliability, and continuous access they need to succeed in the fast-paced Forex market.
Can I trade Crypto with GO Markets? Which crypto currencies are supported by GO Markets?
Can I trade Crypto with GO Markets? GO Markets is a leading online broker that offers a range of trading instruments, including forex, indices, commodities, and cryptocurrencies. If you are interested in trading crypto with GO Markets, here are some key points to consider: GO Markets supports over 20 cryptocurrencies, including Bitcoin, Ethereum, Tether, BNB, Solana, XRP, and more. You can view the full list of supported cryptocurrencies on their website. or on CoinMarketCap. GO Markets allows you to trade crypto with leverage up to 1:500 for selected pairs. Leverage can magnify your profits or losses depending on the market movements. You should be aware of the risks involved in trading with leverage and use it responsibly. GO Markets offers competitive spreads and commissions for crypto trading. The spreads start from 0 pips for some pairs and the commissions are $2 per lot per side. You can also enjoy free market access and no requotes or slippage. GO Markets provides various tools and features to enhance your crypto trading experience. You can use their advanced charting platform to analyze the market trends and indicators. You can also access their economic calendar, news feed, sentiment analysis, and trading signals. GO Markets has a user-friendly and intuitive platform that is compatible with both desktop and mobile devices. You can download their app from the App Store or Google Play or access their website from any browser. In conclusion, GO Markets is a reputable and reliable broker that offers a wide range of crypto trading options for traders of all levels. Whether you are a beginner or an expert, you can find a suitable strategy and platform to trade crypto with GO Markets.
What is the Leverage on my GO Markets Trading Account?
Leverage on GO Markets Trading Account. Leverage is a trading tool that allows you to control a larger position size with a smaller initial investment. It is expressed as a ratio of the trader’s fund to the broker’s credit. For example, if you have a leverage of 30:1, it means that you can trade with $30 for every $1 in your account. Leverage can magnify both your profits and losses, depending on the market movements. Therefore, it is important to understand the risks involved in using leverage and choose an appropriate level that suits your trading style and goals. According to the web search results, GO Markets offers different leverage rates for different types of accounts. By default, all accounts are set up with leverage of 30:1. However, you can also choose a higher leverage rate up to 500:1 for professional accounts. The available base currencies for each account type are also different. To find out more about the leverage rates and account types offered by GO Markets, you can visit their website. or compare their features and pricing structures. You can also read their FAQ page for more information on how to open and fund an account with them. I hope this answer helps you understand the concept of leverage and how it works on GO Markets trading account. ?.
What kind of Spreads are offered by GO Markets?
GO Markets is a forex and CFD broker that offers competitive spreads and commissions on various markets. According to its website. , GO Markets has two types of accounts: Standard and GO Plus+. The main differences between them are:. The Standard account has no commission, but higher spreads than the GO Plus+ account. The GO Plus+ account has a low commission of $2.50 per side, but lower spreads than the Standard account. Both accounts have access to the same trading platforms, tools, and research. The spreads offered by GO Markets depend on the market, the currency pair, and the account type. Here are some examples of the average spreads for some popular markets as of December 2023:. Forex: The average spread for EUR/USD is 0.2 pips on both accounts, while the average spread for GBP/USD is 0.5 pips on the Standard account and 0.3 pips on the GO Plus+ account. Commodities: The average spread for USOIL-F is 3.5 cents on both accounts, while the average spread for UKOIL-F is 4 cents on the Standard account and 3 cents on the GO Plus+ account. Indices: The average spread for ASX200 is 2.6 points on both accounts, while the average spread for US500 is 0.5 points on both accounts. Metals: The average spread for XAUUSD is 0.16 dollars on both accounts, while the average spread for XAGUSD is 0.22 dollars on both accounts. As you can see, GO Markets offers tight spreads and a very feasible commission on trading. Traders can choose from two options: they can pay zero commissions and benefit from reasonable spreads as low as 1.0 pip on a standard account, or they can pay AUD 6 commission per round per standard lot traded and benefit from spreads starting as low as 0.0 pips. This makes GO Markets a suitable choice for traders who want to trade global CFD markets with competitive pricing and execution. If you want to learn more about GO Markets, you can visit its website. or read some of its reviews. You can also try a free demo account or open an account with just minutes of verification. Happy trading! ?.
Does GO Markets offer MAM Accounts or PAMM Accounts?
GO Markets, a renowned player in the forex market, offers both MAM (Multi-Account Manager) and PAMM (Percentage Allocation Management Module) accounts to its clients. MAM Accounts. MAM accounts are designed for professionals and usually reserved for investors with a high-risk tolerance, which requires a very deep understanding of the market and trading practice. However, specific details about MAM accounts offered by GO Markets could not be found in the search results. PAMM Accounts. GO Markets offers a PAMM platform that allows traders to invest in the financial markets without the need to actively trade on their account. Traders can simply select a Money Manager and follow their lead. A PAMM account stands as an independent MetaTrader account, bringing together the collective investments of all participants under the guidance of a Money Manager. To start using the PAMM service, clients need to log in to the Client Portal and follow the steps. They can register as a Money Manager or select one of the experienced Money Managers to follow their lead. The minimum funding requirement for a PAMM Investor Account is USD $500. In conclusion, GO Markets provides both MAM and PAMM accounts, catering to the needs of different types of traders and investors. However, more specific details about the MAM accounts could not be found. The PAMM accounts, on the other hand, offer a comprehensive solution for those who prefer to invest in the financial markets without the need to actively trade, by following experienced Money Managers.
Does GO Markets allow Expert Advisors?
GO Markets is a forex broker that offers access to the MetaTrader 4 and 5 trading platforms, as well as a VPS service for EA traders. Expert Advisors (EAs) are programs that can automate trading strategies and execute trades on behalf of the user. EAs can be useful for traders who want to save time, reduce human errors, and optimize their performance. According to the GO Markets website. , EAs are compatible with both MetaTrader 4 and 5 systems, and can be downloaded from the MQL5 community or created by the user using TradeView X platform. TradeView X is a tool that helps traders to automate and create their own EAs without coding experience. GO Markets also provides access to TradeView X via the client portal with a monthly subscription at a reduced cost. GO Markets does not allow users to trade directly with EAs, but rather with their own manual or automated strategies. Users can choose from a variety of EAs that are available on the market, or create their own using TradeView X. Some of the popular EAs on MetaTrader are listed on the GO Markets blog , along with their ratings, yields, and requirements. Users can also find some free EAs on the internet, such as Trader New, Daydream01, Calypso, Day Profit SE, Breakout11, Euro FX2, and Channels. Using an EA can have some advantages and disadvantages for forex traders. Some of the advantages are: EAs can trade faster and more accurately than humans. EAs can adapt to changing market conditions and learn from their own performance. EAs can reduce stress and emotional bias in trading decisions. EAs can backtest and optimize their strategies before applying them to live markets. Some of the disadvantages are: EAs may not be able to handle unexpected events or market anomalies that affect human traders. EAs may require constant monitoring and updating to ensure they are working properly. EAs may incur additional costs for downloading, installing, maintaining, or upgrading them. EAs may not suit every trader’s style, objectives, risk tolerance, or personality. . In conclusion, GO Markets allows users to access EAs through MetaTrader 4 and 5 platforms or TradeView X tool. Users can choose from various EAs that are available on the market or create their own using TradeView X. However, users should be aware of the pros and cons of using an EA in forex trading before deciding whether it is suitable for them or not.
Does GO Markets offer Copytrading?
GO Markets does offer Copytrading. This feature is available through their cTrader platform. The cTrader Copy Trading feature allows traders to identify and automate a range of successful strategies of top performing traders, through an advanced, flexible, and secure platform. This provides the opportunity for GO Markets’ traders to achieve results by mirroring the trades of top performing investors. All traders with a cTrader account can start using cTrader Copy. This feature allows traders to save time by using automated trading strategies. It also offers secure trading with complete transparency. Traders can utilise advanced risk management settings to protect their account. They can also access rich insights and analytics tools. Trading can be done via web, desktop or mobile. Traders can maintain control using the equity-to-equity ratio model. Access to cTrader Copy is via a simple add-on to your cTrader account. Please note that these 3rd party Strategy Providers have been sourced by the platform provider and act as interbroker strategy providers within the same ecosystem. GO Markets does not make any representations or warranties that they’ll be accurate or error-free. Nothing on this page is to be construed as an offer, recommendation or solicitation to buy, sell or to participate in any particular trading strategy. GO Markets is not taking into account your personal objectives, financial situation or needs in making these platforms available to you. You’re solely responsible for any transactions entered into as a result of using any of these platforms. GO Markets encourages you to seek independent advice before deciding whether to use a social trading platform and understand the risks around using social trading platforms.