Does Go Markets Accept US Clients for 2024?

The United States has strict regulations when it comes to trading the financial markets. Consequently, the majority of online forex brokers do not accept US clients because they are unable to meet the tough regulatory requirements of the US authorities.

Even the few brokers that have been able to meet the requirements are subjected to limitations that do not augur well with many forex traders. For example, CFD trading is outrightly forbidden and the maximum leverage on forex trades is restricted to 1:50.

Go Markets is a highly regulated forex broker. The broker offers tight spreads and restriction-free trading conditions like scalping, hedging, non-FIFO trading and so on. If you consider using Go Markets as your broker you might be wondering if the broker accepts US Clients. The answer is ‘No’ Go Markets can not accept US clients due to regulatory restrictions. Let’s explore more about it. 

Does Go Markets accept US Clients?

No, Go Markets does not accept US Clients. The broker is unable to accept US clients due to regulatory restrictions imposed by the US Commodity Futures Trading Commission (CFTC). Go Markets is not registered or regulated under any US jurisdiction, such as the NFA or SEC, which prohibits it from accepting clients residing in the United States.

Why does Go Markets not accept US Clients?

Go Markets is a well-known forex broker with licenses from top regulators like FSC , Asic, CySEC , DMCC. But you might wonder why Go Markets doesn’t serve clients from the US. Let’s break it down 

Rules and Regulations:

Every country has its own rules for forex trading. In the US, the rules are pretty strict. Brokers there need to follow lots of regulations from organizations like the CFTC and NFA. Meeting these rules can be tough and expensive for international brokers like Go Markets.

Legal Restrictions:

The US has its own laws that govern forex trading. The Dodd-Frank Act is a big one. It’s all about making sure trading is fair and safe, especially for retail traders. Following these laws can be complicated and costly for brokers from other countries.

Money Matters:

Doing business in the US can be expensive. Brokers like Go Markets have to spend a lot to meet all the rules and regulations. It’s a big investment, and sometimes, it just doesn’t make financial sense for them.

Business Choices:

Go Markets might decide to focus on markets where it’s easier to do business. By doing this, they can be more efficient and give better service to clients. So, they might skip the US to focus on other places where they can do business more smoothly.

Alternatives of Go Markets for US Traders.

Go Markets is a highly regulated global forex broker. Unfortunately, due to US local regulatory restrictions, the broker cannot accept US traders. However, there are some brokers that can serve as alternatives to Go Markets for US traders. These brokers include

What other countries are restricted on Go Markets

Go Markets is a global forex broker offering services worldwide. However, due to regulatory requirements and business decisions, Go Markets does not accept clients from many countries. These countries include 

Afghanistan, Azerbaijan ,Bahamas, Belize ,Bosnia,Canada , Burundi, Congo, Egypt, Eritrea,Ethiopia, Ghana, Haiti , Iran,Israel, Japan, New zealand, Pakistan, Somalia etc

Frequently Asked Questions : (FAQs)

What is Go Markets?

Founded in 2006 by Chris Gore, Go Markets is an online broker that provides CFD trading.  The company has offices in Australia , Cyprus, Seychelles, St vincent and Grenadines . 

Is Go Markets Regulated in the USA?

No. Go Markets is not regulated in the USA. It is a global forex broker offering its services worldwide. 

Does Go Markets have any office in the USA?

No, Go Markets does not have an office in the USA. The broker is not registered or regulated in the USA.

Can Americans use Go Markets?

No, Americans can not use Go Markets. They are not allowed to trade on non-US forex brokers. 

Which Brokers Can Accept US Clients?

There are many US-based forex brokers that can accept US clients. Due to CFTC rules, only US-based or US-regulated forex brokers can accept US clients. However, you may also find unregulated offshore forex brokers that  accept US clients. These  brokers include : 

Etoro:

Founded in 2007 by brothers Yoni Assia and Ronen Assia together with David Ring, Etoro is a social trading and multi-asset investment company. Etoro is a highly regulated forex broker. 

Oanda:

Founded in 1996 by Dr. Michael Stumm, a computer scientist, and Dr. Richard Olsen, an economist, Oanda is a highly regulated forex broker. It is registered as both a Futures Commission Merchant and Retail Foreign Exchange Dealer with the Commodity Futures Trading Commission

Forex.com:

Founded in 2001, Forex.com is a US-regulated forex broker offering its services worldwide. The broker has a couple of entities worldwide.

LMFX:

Founded in 2015, LMFX is an offshore forex broker accepting US clients. The broker offers restriction-free trading facilities like non-FIFO trading, high leverage, low spread, and CFD trading. CFD trading is restricted on US-regulated forex brokers.

Final Thoughts :

Go Markets is a forex and CFD broker that offers its online trading services worldwide. It provides a wide range of trading instruments, Forex, Commodity, Share, Index, Metal, Cryptocurrency, Treasury, ETF CFDs Trading. The broker allows almost all trading styles, including scalping, hedging, copy trading, and news trading etc.

However, the broker do not accept US clients due to regulatory restrictions imposed by US authorities, particularly the CFTC. This regulation does not permit non-US brokers to operate and onboard clients from the US. So, if you are a US forex trader considering Go Markets, you should choose alternatives.

Disclaimer: Trading forex and CFDs comes with the risk of losing your trading capital.