Full GO Markets Review - Australian Trading Broker 2021.
GO Markets, established in 2006, is one of the earliest MetaTrader 4 (MT4) brokerage firms in Australia. The supplier has subsequently introduced MetaTrader 5 (MT5), WebTrader, and mobile trading to their range of services. To open a live account with this broker, click here.
The Group presently has offices in London, Taipei, and Hong Kong and is headquartered in Australia with a registration from the Australian Securities and Investment Commission (ASIC). The broker stated in 2019 that he would expand into the Middle East and Northern African area as GO MENA DMCC Markets in Dubai, USA.
Through GO Markets, customers may trade three hundred and fifty financial CFD products, including forex, share, indices, metals, and merchandises across two primary account types are known as the default one pip-free standard account and the commission-based GOPlus account with 0 pips spreads. In addition, having a minimum investment of 200 AUD, users may access the leverage by 500:1.
Customers can trade via desktop, web, mobile, and connect other trading attributes such as the inclusion of social trade by MyFXbook, transfer to Trading Central and AutoChartistic facilities, efficient MT4 and MT5 Genesis measures, as well as a-Quant daily trading alerts from MetaTrader 4 and MetaTrader five trading platforms.
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Regulation :
As stated in the ASIC Register, GO markets are recognized and administered underneath the identity of GO Markets Pty Ltd by the Australian Securities and Investments Commission (ASIC).
As stated in the Professional Register following, the broker possesses an Australian Financial Services License for providing financial products in Australia:
The broker provides additional customer money protection through:
- - Regulated by ASIC benchmark.
- - Client money with the National Australia Bank and the Commonwealth Bank is kept independent from the corporate money.
- - A margin call technique has been established to reduce the danger of an account becoming negative.
- - Certified Australian external dispute settlement mechanism is an associate of the Australian Financial Complaints Authority (AFCA).
Tradable Products :
Approximately 350 CFD financial products spanning forex, stocks, indexes, commodities, and Metals are being offered to customers in GO markets.
The price of a trade, along with spreads, commissions, and swap fees, depends on the item being traded and the type of account is established.
- - Currencies: - 50 + currencies pairs, which including AUD/USD, EUR/GBP and USD/CNH.
- - Share CFDs: -Short and long trading with more than 200 shares of ASX and 80+ NYSE and NASDAQ.
- - Index CFDs: - Long and short trade with 13 cash CFDs and two future CFDs, FTSE 100, CAC 40, US 500 or ASX 200 included.
- - Precious Metals: - Trade long or short gold and silver CFDs
- - Commodities: - Crude oil and metals. You can trade me in spot and futures markets.
- - Cryptocurrencies: -Bitcoin, Bitcoin Cash, Ethereum, Ripple, and Litecoin.
- - Binary Options are also available to trade.
Spreads and Commissions :
Reviews reveal that spreads ranging between 0.2 and 0.5 pips on major and minor forex pairs are reasonable, while the smallest size on indices begins at 0.1 pips. Gold, silver, and crude oil spreads are changeable and visible on the broker’s homepage.
Additional trading expenses include fees of AUS$ 3.00 per side for the normal lot (only in the GO Plus+ account) and Swap rates for purchasing or selling the currency pair and keeping it overnight.
In general, the broker committees and spreads can, for example, be competitively compared between GO Markets and Pepperstone or IC Markets.
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Leverage :
GO Market provides challenging leverage for FX pairs up to 1:500, shares CFDs to 1:20, and indices up to 1:100.
All customer profiles are set to a baseline leverage rate of 1:100, and you may pick a rate from 1:1 to 1:500 based on the account balance.
Mobile Application :
GO Markets provide the iOS or Android-based phone app for MetaTrader so that users may trade 24/7 on the go. On-going. MT5 and MT4 for the mobile phone make the same functionality as the desktop version with prices, trading, and charting, and an MT4 binary plugin for alternatives easy and simple to access. You may download the applications from the Google Play or App Store of your device.
Account Type :
Two account kinds are available in the GO market: Standard and GO Plus+. They are both accessible in nine currencies and need an initial A$200 deposit.
The Standard account is offered to traders of all levels without any commission and is spread based. Users are provided with 1.0 pipes laid, 0.01 lots minimum size trading, and up to 1:500 leverage. It also includes fundamental services such as 24/5, a professional account manager, hedging, and scalping.
The GO Plus+ has all the same capabilities as an ECN-style account but adds ultra-low 0.0 pips spread rather. In addition, a $3.00 commission per side shall be applied to GO Plus+ customers.
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Customer Support :
GO Markets provides customer assistance five days, 24 hours a day by live chat, contact form, phone or email, language covering English, Bahasa, Malay, Vietnamese, Filipino, Thai, Arabic, English, French, and Chinese. In addition, a FAQ segment is posted on the website of the broker.
- - Address : Level 22, 600 Bourke Street, Melbourne, VIC, 3000, Australia
- - Email Address : support@gomarkets.com
- - Phone Number : +61 3 8566 7680
- - Follow us on social media :
- https://www.facebook.com/GOMarkets
- https://www.facebook.com/GOMarkets
- https://www.linkedin.com/company/go-markets/
- https://www.youtube.com/c/gomarkets
Research and Education :
GO Markets offers access utilizing its online news segment to a wide array of research products, including daily news, weekly summaries, articles, the call for margins podcasts, and an economic plan.
GO Markets provides exposure to the GO Trade Academy with four flagship education programs on the innovative learning management system to various instructional materials. The courses are free and multimedia and include live group webinars.
The Inner Circle Weekly Coaching Club Webinars are also open to users that are freely held weekly. These include educational issues and an examination of the live market.
Final Words :
The experience of GO Markets, award-winning service, and trading tools have won them a strong reputation in the online forex business. The MT4 and MT5 platforms are suitable for brokers of any experience and are beneficial to anyone wanting to trade assets effectively because of the close spreads and cheap commission rates.
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