GO Markets Review
GOMarkets Review
GO Markets promises to develop a trading environment, while connected with its advanced technology. Together it will provide traders the chance to create strategies and improve their trading outcomes through challenges.
Overall, GOMarkets provides together with continuously provided support and challenges great opportunities available for any size trader. Let us take a closer look at what is so rewarding about this proposal in our review of GOMarkets’ features!
GO Markets Pros and Cons
GO Markets is one of the largest and most respected brokers with top-tier regulations and licenses. GOmarkets provide quality trading conditions, as well as copy trading, social trading or auto capabilities. They also offer excellent support through their learning resources including tools to help you trade better! The only downside is that they don’t have many stocks at all – mostly CFDs.
Where is GO Markets based?
The brokers through its main offices in Australia and Cyprus while bring a valued trading environment connected to advanced technologies and allow traders to develop strategies that improve their trading outcomes.
Is GO Markets safe or a scam
GOMarkets is not a scam, it has been authorized to operate financial services under top-tier Australian Financial Services Licence. Besides, there is an additional entity that operates under CySEC license and so its proposals can vary according to regulations.
Is GO Markets legit?
This means all tools and set-ups which provide a safe trading environment, according to regulatory requirements and audit rules. As an OTC derivative provider, GO Markets is required to adhere to disclosure benchmarks set by the corporate ASIC (Australian Securities & Investment Commission), while in reverse investors are aware of risks and potential benefits when they invest.
Investor Protection
Risk management is maintained by various practices, among things as hedging counter parties and client funds’ segregation at the National Australian Bank (NAB), margin calls, and fair usage policies. Likewise, European entities are subject to ESMA regulations that oblige them towards their customers’ safety. GO Markets adheres to strict protection of its customers’ funds through segregation as well as a set of fair conditions that are constantly monitored and audited.
Leverage
One great feature while trading Forex is the allowance to use leverage, which may potentially increase your profits in a timely manner. However, it is necessary to learn how afresh how to apply leverage smartly – if you do so in order not only to minimize risks but also to turn some of them into opportunities.
What is the maximum leverage in GO Markets?
GO Markets is an Australian best Forex broker – and as such, they are authorized by ASIC. And yet, the maximum ratio it has for Forex instruments is 1:30! European GO Markets clients can trade up to a ratio of 1:30 according to regulations.
Account Types
The broker offers two different trading account types – Standard and GO Plus. Both offer flexibility on trading way and choice of best fit, but the difference is that standard account charges for spread while GO accounts have access to a true ECN environment through light-fast technology. Furthermore, your account can be opened in various currencies as base one which includes AUD, USD, GBP, or EUR with SGD or NXD available too!
How to open your Account
To start, open a Go Markets Demo account so that you can create the login page with an email address and password. Follow these next steps.
To register a new account, enter all the required fields including name, email address and phone number. Choose your trading experience and expectations as well. Upload proof of address along with other documents to validate yourself (due to regulatory requirements). Once approved you will be notified via email with login details for your account at the brokerage firm where you have deposited funds that is needed for opening this type of trading account.
Spread
GO Markets’ pricing is mainly built on spreads, and so the Standard account defines no commissions. Starting from the 1.1 pips option this match has a spread-only basis, which is best for beginners of trading without complications to worry about. GO Plus Account on the other hand offers a choice for more advanced traders or those whose strategies require it has 0% spreads with an inbuilt commission cost of 3 USD per side.
Trading Instruments
CFDs in Forex, Indices, and Commodities markets, as well as Cryptocurrencies, are based on an opportunity to buy or sell a financial instrument without owning it. This is not the case for the offering instruments based on more than 350+ instruments through CFDs (contracts for difference). In addition to this, we appreciate that each instrument has its own specifications and trading conditions which gives us opportunities for diversification of portfolio and competitive trade.
Deposits and Withdrawals
You can deposit funds to your live trading account with a range of convenient methods, and withdrawals will be processed without any additional processing fees. GO Markets does not charge any internal fees for withdrawals but some non-Australian financial institutions may have their own withdrawal charges you need to keep in mind before withdrawing.
Deposit Options
The payment options include
- Credit or debit card,
- Bank to bank through Australian banking institutions,
- BPAY payments, and e-payments like Skrill, Neteller and POLi.
GO markets Minimum deposit
As a starting point, GOMarkets Minimum Deposit requires a $200 amount for the full service of live trading and an open Standard account.
Withdrawal
GO Markets Withdrawal options use the same methods for money deposits that are available to you, such as Bank Transfers, Cards, and e-wallets. You should verify with customer service what method is applicable for you, according to your own residence’s policies or laws applied.
Trading Platforms
MT4 is considered by traders as the international standard a best forex trading platforms. Thus, GO Markets chose to make it their mainstay technology when they created their company. However, MT4 may vary from broker to broker since brokers can implement various extensions in order to provide better features and benefits.
Web Trading
The GO Markets platform offers three editions: Basic, Advanced, and Comprehensive. The most advanced edition will be the one with all of the tools you need to trade in any market situation. In contrast, the Web Trading platform is a simple interface without installation requirements that may lack some features available on other platforms.
- Mainstay on MT4.
- The MT5 trading platform is also available.
- The MQL5 package includes a wide variety of tools that span everything from MT4 Genesis to trading signals, EAs, and more.
- Copy Trade, Social Trading, and Technical Indicators
- No restrictions on strategies.
- Available in various languages.
- None
Desktop Trading Platform
GO Markets is a desktop platform for trading, which has versions for Mac and PC. It’s definitely worth downloading if you’re an advanced or active trader! One of the great things about GO Markets is that it offers traders powerful tools like MT4 Genesis, as well as customizable features. The best thing about this software is how easy it makes navigation through global markets and makes computations with automatic trading possible with Expert Advisors!
Look and feel
GO Markets offers a clean and comfortable trading experience with high-end charting options. You can also access MetaTrader5, which is an updated version of the gomarkets mt4 software. If you’re looking for more advanced features in your trading platform, GO Markets has them available on their site! In addition to that they offer social copy trading through myFXbook: go ahead and sign up today to follow 60-90 thousand traders!
Mobile Trading Platform
Of course, both platforms feature mobile trading apps that are perfect for traders on the move. MT4 and MT5 brokers will give you access to Mobile Trading App- which is a definite advantage as it gives you complete freedom to trade wherever and whenever! Along with this, Go Markets allows you equal ease in accessing your account from any device.
Tools
The services that are available with a VPS service are not at all bad since they help in your trading. You will be able to run Algos and Expert Advisors remotely, and constantly – even if only one is active! The amazing thing about the existing live account is that it can get a free VPS use as long as the minimum balance of 3,000$ per month’s maintained. If this isn’t done then there would be an additional charge of 30$ for each month on top of what you already pay.
Customer Support
GO Markets Customer Service was rated number 1, and it also received awards in other aspects. Successful broker recognizes the need for quality service, but of course, not everyone can have one. However, GO Markets has succeeded here too- so you can count on relevant and fast answers from GO Market’s Customer Support team available around the clock with international languages accessible via live chat or email 24 hours a day/7 day a week every day of the year including holidays!
Education
GO Markets offers seminars and a trading academy to help you succeed as a newcomer. It provides educational materials, research resources and tutorials to create seamless trading experiences for novices. GO Markets is internationally-renowned for its trade education programs that are available in many languages, with tournaments won by all levels of traders. It also grants access to demo accounts which can be used without restrictions from anywhere in the world!
Research
Apart from the comprehensive research tools that are inbuilt into their Metatrader 4 platform, we also cooperate with Autochartist and Trading Central providers so you can use their free trading signals to help your trading. Besides this, there are thousands of MetaTrader4 & 5 Add-ons for different instruments and specified criteria that allow you to try out the great tool MT4 Genesis.
Conclusion
The GO Markets reviews show a straight trading process broker with many benefits and indeed numerous excellent rewards received from industry give or worldwide traders. One of the main attractions is their wide range of trading instruments, including Binary options and recent trends with a bunch of Cryptocurrencies – all these instruments are traded at competitive pricing according to each account type starting from 0.0 pips.
