Go Markets is one of the leaders in CFD trading services. The brokerage firm started operation in 2006 in Australia. Go Markets offers low spreads, more than 350 products, and secure and transparent transactions with no deposit fees.
Discover more trading advantages and offerings from Go Markets as you read this broker review.
Go Markets Background and Safety
Founded in 2006, Go Markets envisioned itself as a leading and trusted Australian brokerage service. Go Markets offers over 350 tradable Contract-for-Difference (CFD) instruments which include Indices, Commodities, Shares, Forex, and Cryptocurrencies. The Australian firm was known as the first MT4 broker in the country. But as its operations expanded, it also added the MT5 platform, mobile trading, and web-based platforms to its offerings.
Go Markets established its prominence as one of the leading Australian brokerage firms by securing a regulatory certification from the Australia Securities and Investments Commission (ASIC).
True to its transparency campaign when making trading transactions and special fees, Go Markets give its clients legal documentation for perusal prior to making trading transactions which includes Product and Disclosure Statements, Privacy Policy, Forex Smart Guide, Financial Services Guide, and Terms and Conditions.
With these legal measures, it doesn’t take a genius to say that trading with Go Markets is undoubtedly secure and reliable.
Go Markets Features and Fees
Financial Products
Go Markets offers the following tradable CFD instruments:
- Forex (has 50 plus currency pairs to choose from)
- Shares (features 200 ASX shares and 80 US shares)
- Indices
- Metals
- Commodities
- Cryptocurrencies
Account Types
Go Markets has only two trading account offerings: Go Plus and Standard. Let us take a comparative view of these two account types.
Go Plus – this account type offers raw spreads (0.0 pips), low commission (A$3/standard lot), a minimum initial deposit amounting to A$500 complemented with a professional account manager.
Standard Account – this account is the gateway to more than 350 financial products, zero commission, and low spreads. Availing of the account requires a minimum deposit worth A$200.
In comparison, the Go Plus is ideal for high-volume traders while the Standard Account is for retail traders longing for tight spreads. Both accounts offer a leverage of up to 500:1.
Promotions
Go Markets gives a credit bonus for its users who will deposit between $1,000 and $20,000. The credit bonus is 30% of the amount within the aforementioned range of deposit amount. However, this bonus is exclusively for MT4 traders only.
Aside from the credit bonus, Go Markets rewards its users for referring traders to the broker. Each referral is equivalent to a A$100 bonus.
Lastly, Go Markets also offers cash rebates to its clients who will reach $25M trading volume in a month. The trading volume amount is classified into four tiers which correspond to the cash rebate of the trader ranging $5-$15.
Deposit & Withdrawal
Go Markets accepts several currencies for depositing funds. What’s good to know is that the broker does not charge deposit fees for Credit/Debit, Skrill, Neteller, and Bank Transfer transactions. However, internal fees apply for non-Australian bank withdrawals.
Go Markets Trading Platforms and Tools
Go Markets offers the MetaTrader 4 and the MetaTrader 5 Platforms for its users.
MetaTrader 4
Go Markets has improved its MT4 platforms by adding special tools to improve the trading experience of its clients. Also, the broker created MT4 Mac for Apple users since the traditional MT4 is for Windows users.
The MT4 also gives traders access to the following features:
- Real-time pricing and execution
- Opening and closing positions
- Placing orders
- An array of technical indicators
- Economic calendar
MetaTrader 5
This platform offering is an upgrade of the MT4 designed for modern-day traders.
Special features of this platform include:
- One-click trading
- All Order Types
- More than 80 indicator tools
- Hedging
- Price Quotes
Mobile Trading
Go Market’s mobile apps include both the MT4 and MT5 platforms. The broker’s mobile trading gives the same trading experience with that of a web-based or desktop trading. After installing, the app will feature its Quotes interface while the Menu button will enable the user to open a demo account or sign in to an existing account.
Special Tools
Go Markets features several unique tools for its users. Some of them include:
MT4 & MT5 Genesis – this is a suite of trading tools to advance trading experience in Forex, Commodities, and Indices.
Trading Central – this is a collection of programs which offer investment support with all-day asset coverage, technical and fundamental analysis, and other trading strategies.
Virtual Private Servers (VPS) for MT4/MT5 – this tool enables traders to execute trades easily with the help of Expert Advisors.
Myfxbook – This tool is a popular online trading community joined by a hundred of thousands of public traders and serves as a copying platform for trading strategies.
Bottom Line
Go Markets is a known brand in Australia offering CFDs and forex and is a regulated firm under the ASIC. This site is a good choice for Australian-based traders thriving in Forex and CFDs markets. Its MT4 and MT5 platforms are powerful and convenient for both novice and experienced traders, with its unique offerings giving them a more comfortable trading experience.