GO Markets Review

GO Markets is a well-established forex and CFD broker founded in 2006, offering services to both retail and professional traders. Known for its focus on transparency, advanced trading platforms, and competitive trading conditions, GO Markets has earned a reputation as a reliable choice for traders worldwide. In this review, we assess regulation and security, trading conditions, account types, platforms, educational resources, and the overall advantages and disadvantages of GO Markets.

Regulation and Security

GO Markets operates under strong regulatory oversight, enhancing client trust and fund security.

• ASIC Regulation: GO Markets is regulated by the Australian Securities and Investments Commission (ASIC), a top-tier financial regulator.
• FSC License: Additionally, GO Markets holds a license from the Financial Services Commission (FSC) of Mauritius for international clients.

To ensure trader safety, GO Markets employs:

• Segregated Client Funds: Client money is held in segregated bank accounts, separate from the company’s operational funds.
• SSL Encryption: Data protection protocols secure user transactions and sensitive information.
• Negative Balance Protection: Retail clients are safeguarded from losing more than their deposited funds.

These measures provide a secure trading environment, particularly for retail traders.

Trading Conditions

Spreads and Commissions

GO Markets offers competitive pricing with tight spreads:

• Standard Account: Spreads start from 1.0 pips with no commissions.
• GO Plus+ Account: Raw spreads start from 0.0 pips, but traders pay a commission of $3 per side per lot.

Leverage

• Leverage up to 1:500 is available for international clients.
• For ASIC-regulated accounts, leverage is capped at 1:30 for retail clients due to Australian regulations.

Tradable Assets

GO Markets provides a solid range of tradable instruments, allowing traders to diversify their portfolios:

1. Forex: Over 50 currency pairs, including majors, minors, and exotics.
2. Indices: Major global indices such as S&P 500, DAX 30, and FTSE 100.
3. Commodities: Precious metals (gold, silver), energy (oil, gas), and soft commodities.
4. Shares CFDs: Access to popular equities from the U.S., Europe, and Australia.
5. Cryptocurrencies: Bitcoin, Ethereum, Litecoin, and other digital assets.

The range of tradable assets caters to both forex-focused traders and those seeking diversified exposure across markets.

Account Types

GO Markets offers two main account types, making it simple for traders to choose based on their preferences:

1. Standard Account:
   
   • Spreads: Starting from 0.8 pips.
   • Commission: None.
   • Suitable for beginners who prefer cost simplicity.
2. GO Plus+ Account:
   
   • Spreads: Starting from 0.0 pips (raw spreads).
   • Commission: $2.5 per side per lot.
   • Designed for experienced traders looking for tighter spreads.

Both accounts provide access to the same platforms, tools, and markets. Additionally, GO Markets offers demo accounts for practice and Islamic (swap-free) accounts for traders who comply with Shariah principles.

Platforms

GO Markets is recognized for its support of industry-leading platforms:

1. MetaTrader 4 (MT4):
   
   • Popular for its user-friendly interface and extensive features.
   • Supports Expert Advisors (EAs), advanced charting, and automated trading.
2. MetaTrader 5 (MT5):
   
   • Offers additional features like more order types, advanced indicators, and a built-in economic calendar.
   • Ideal for traders seeking an upgraded MT4 experience.
3. Mobile Trading:
   
   • MT4 and MT5 mobile apps allow traders to access their accounts on the go via iOS and Android devices.
4. GO Markets WebTrader:
   
   • A browser-based platform with no downloads required, perfect for traders who value convenience.

These platforms ensure seamless trading experiences for both beginners and advanced users.

Education

GO Markets provides robust educational resources to support trader development:

• GO Trade Academy: Offers webinars, tutorials, and strategy guides.
• E-books: Covering trading basics, risk management, and advanced strategies.
• Trading Tools: Access to AutoChartist for pattern recognition and a Trading Central subscription for market analysis.
• Economic Calendar: Helps traders track major economic events.

The educational materials are well-suited for beginners but also include some advanced tools for experienced traders.

Advantages and Disadvantages

Pros

• Regulated by ASIC, ensuring client protection.
• Tight spreads with competitive commissions on GO Plus+ accounts.
• Wide range of tradable assets, including forex, indices, commodities, shares, and cryptocurrencies.
• Access to MT4 and MT5 platforms with additional trading tools.
• High leverage options for international clients.
• Strong educational resources for beginners.

Cons

• ASIC-regulated clients face a maximum leverage of 1:30, which may not appeal to traders seeking higher leverage.
• Limited account options compared to some competitors.
• Cryptocurrency offerings are not as extensive as some other brokers.

Summary

GO Markets is a reputable broker offering a secure and competitive trading environment, particularly for traders seeking tight spreads, reliable platforms, and a variety of tradable assets. With strong regulatory oversight from ASIC and additional international licensing, the broker maintains transparency and security.

While beginners benefit from GO Markets’ educational resources and tools, experienced traders are likely to appreciate the raw spreads and advanced platforms like MT4 and MT5. However, limited leverage under ASIC regulations may be a drawback for some.

Overall, GO Markets is a solid choice for traders looking for a balanced and professional trading experience.