Go Markets Review: Features, Pros, Cons, and More 2024!

Go Markets is a forex and CFD broker that provides online trading services globally. Based in Australia, it is regulated by top regulatory authorities including FSC , Asic, CySEC , DMCC. Go Markets offers a variety of trading instruments, including Forex, Metals, Cryptocurrencies, indices, energies, stocks, indices. It supports popular trading platforms and tools such as MT4, MT5, WebTrader and cTrader.

Though Go Markets is a highly trusted and regulated forex and CFD broker, it has its strengths and weaknesses. In this review, we will take an in-depth look at Go Markets, exploring its features, pros, cons, and more. By reading this review, you will gain a better understanding of whether Go Markets is the right broker for your trading needs and preferences.

What is Go Markets?

Established in 2006, GO Markets is an experienced and regulated Australian broker. It gives traders access to trade more than 1,000 forex and CFDs on its MT4, MT5, and cTrader platforms. The broker’s GO Plus+ account comes with raw spreads and low commissions which is great for pro traders. Autochartist, Trading Central, free VPS, MetaTrader Genesis, market news, and analysis are provided.

Key Features:

• Applicable For: Applicable for all jurisdictions including FSC , Asic, CySEC , DMCC
• Account Opening: Fully Online Account opening. It may take only 5 to 7 Minutes. The demo account has 30 days of validity. 
•  KYC Verification: Required 
• Trading Instruments:  Forex, Metals, Cryptocurrencies, indices, energies, stocks, indices.
• Trading Platforms:  MT4, MT5, WebTrader and cTrader
• Minimum Deposit:  $200
• Maximum Leverage: Up to 30:1 (CySEC, ASIC), up to 1000:1 (FSA), and up to 500:1 for a professional account.
• Trading Fees: Trading fees (spreads and commissions) depend on account types. The minimum spread is 0.0 pips ($2.50 per lot) for the Go Plus account and 0.8 pips ($0 per lot) for the Standard account.
• Minimum Trade Size: 0.01 lot. 
• Maximum Trade Size (Lot restriction per Ticket): 200 Lots 
• Funding Currencies: AUD, USD, EUR, GBP, NZD, CAD, SGD, CHF, HKD
• Maximum Number of Positions ( At a time): 200 for MT4, MT5 Live account, 100 for MT4, MT5, demo accounts, 2000 for Ctrader trading account. 
• Maximum Volume per trade: The maximum volume per trade ranges from 50 to 250 lots, depending on the platform type and tradable assets. For Shares CFDs, the maximum volume is 1000 shares in total
• Trading Style Allowed: All including Scalping, hedging, and EA Trading. 
• Stop Out Level (retail): 0%
• Margin Call Level: 60% 
• Negative balance Protection: Yes 
• Investor Protection:  Available under ASIC and CySEC regulations. However, the Investor protection scheme does not apply to FSA jurisdiction. 

Go Markets Pros and Cons

Pros:

• Regulated by  ASIC, CySEC, FSC Mauritius, SVGFSA, FSA-S, DMCC 
• The maximum leverage is as high as 1:500
• Allows Scalping, News trading, and EA/Robot trading. 
• Easy and Fast Account Opening 
• Offers web trading, mobile trading, ECN trading 
• No inactivity Fees 
• Low trading fees on all account types.
• Tight Spreads starting from 0.0 pips

Cons:

• Not regulated by FCA UK
• The Minimum deposit is $200
• No investor protection for non-EU clients
• No Paypal, Crypto Deposit 
• Only two types of account ( Standard, Go Plus account)

Our Ratings for Go Markets:

Review and Reputation on Public Domains:

Public review sites like Trustpilot and Forex Peace Army have become important sources of information about brokers. Many traders share their real-life trading experiences on these platforms. However, there are also many fake or paid reviews on these platforms, and sometimes competitors leave negative reviews. This makes it challenging to find genuine reviews. By carefully reading the content and context of the reviews, you can often discern their authenticity. Do not blindly rely on these reviews; instead, use them as part of your overall broker research process

Go Markets Ratings and Reviews from Trustpilot:

Go Markets has earned a rating of 4.8 out of 5 on Trustpilot. These high ratings indicate customer satisfaction and trust. After carefully examining the reviews, we found that most of them are genuine, provided by real users sharing their real-life trading experiences.

Go Markets Ratings and Reviews from Forex Peace Army:

Go Markets has achieved an average rating of 2.7 out of 5 on Forex Peace Army (FPA). We’ve observed numerous brokers on FPA, and most brokers tend to have lower ratings. Several reasons might contribute to this. There is a complaint that FPA does not approve all positive reviews and only approves negative ones for the sake of their business. To understand the real reviews, traders should focus on the content of the reviews. Typically, fake, paid, or competitor reviews are generic. While you should consider these reviews as part of your research process, you shouldn’t make decisions based solely on them. For instance, if you encounter any user complaints, you might discuss them with the broker to verify if such issues exist. Additionally, you should review the broker’s policy and terms of service.

Final Verdict:

Go Markets is a regulated forex and CFD broker that offers its trading services to traders and investors worldwide. It provides a wide range of trading instruments, including forex, Forex, Metals, Cryptocurrencies, indices, energies, stocks, indices.. The broker’s spreads start from as low as 0.0 pips, and it offers high leverage (up to 1:500) and a low minimum deposit (as low as $200). With top-tier regulations, a variety of trading instruments, high leverage, low minimum deposit, fast execution, and flexible account types, Go Markets can be a good choice for many traders.

However, the broker does not accept US clients. It also does not have any investor protection scheme for non-UK/EU traders. Additionally, Go Markets does not offer any real stocks or cryptocurrencies; it offers only forex and derivatives. 

If you are a forex and CFD trader looking for a trusted broker, Go Markets can be an ideal choice for your trading journey. However, We always encourage traders to test brokers with a demo account or with a small deposit. Once you are satisfied with the trading conditions of the broker, you may proceed with real trading.