Evaluation and Ratings of GO Markets
Information on the Corporation
This article provides insight into the specifics of the company.
The GO Markets enterprise encompasses three interrelated businesses.
GO Markets AU, situated in Australia, has been regulated by the Australian Securities and Investments Commission (ASIC).
Cyprus Securities and Exchange Commission (CySEC) has regulated GO Markets CY, which is located in Cyprus.
GO Markets MU, located in Mauritius, is regulated by the Financial Services Commission (FSC).
It is important to be aware that CY company is subject to certain trading restrictions as a result of the European Securities and Markets Authority (ESMA). Additionally, AU company has been impacted by leverage limitations imposed by ASIC since the end of March 2021.
Readiness to be Accessed
GO Markets group offers services to customers from around the globe, apart from those located in the United States, Canada, New Zealand, Belgium, Japan, Israel, Turkey, Vietnam, Puerto Rico, Afghanistan, Azerbaijan, Bosnia and Herzegovina, Burundi, Central African Republic, Congo, Cote D’Ivoire, Ethiopia, Eritrea, Egypt, Gaza Strip, Haiti, Iran, Iraq, Lebanon, Libya, Myanmar, North Korea, Pakistan, Serbia, Sierra Leone, Somalia, Sri Lanka, Sudan, South Sudan, Syria, Trinidad and Tobago, Tunisia, West Bank, Ukraine, Vanuatu, Venezuela, Yemen, and Zimbabwe.
Unique Qualities
- Government authorities in different regions have given their authorization and supervision.
- GO Trading Academy offers educational programs.
- Major currency pairs have narrow spreads.
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GO Markets Investing tools
Trading in FX can be done using the underlying assets provided by a Forex broker.
Over 50 Currency Pairs | Comprised of major and minor world moneys.
12 Cash CFDs of Indices | Made up of various high-value stocks.
2 Futures Indices | Composed of China 50 and US Dollar Index.
2 Spot CFDs of Metals | Derived from Gold and Silver.
2 Spot CFDs of Energy | Based on Crude Oil (WTI, Brent).
2 Futures of Energy | Composed of Crude Oil (WTI, Brent).
More than 300 Stock CFDs | Made up of shares of AU and US companies.
A thorough examination
GO Markets, a broker licensed and regulated in Australia, has been in the trading business since 2006 and has earned a strong reputation among CFD and Forex traders around the world. Their Australian Securities and Investment Commission (ASIC) registration number is 85 081 864 039, although it had different names in the past. Recently, GO Markets has also begun to operate in Mauritius and Cyprus in 2021.
As far as FX-List is aware, the broker has had a good performance and no major complaints from traders. It has been operating for a number of years under the direction of the respected regulator ASIC, which is indicative of its seriousness and dependability in the field.
At GO Markets, spreads are close and the pricing is straightforward. Trading accounts are initially configured with 1:100 leverage, but traders can adjust this from 1:1 to a maximum of 1:500. There are hundreds of tradable instruments from various asset classes that are accessible.
The GO Markets webpage is attainable in multiple languages such as English, Chinese, Indonesian, Spanish, Italian, Arabic, Portugese, and Thai. It provides a wealth of helpful knowledge for traders of varying experience levels, from the fundamentals of trading to more complex technical analysis. Additionally, it features step-by-step video tours of the MT4 platform.
GO Markets‘ customers can pick between two accounts when registering – the Standard Account and the GO Plus Account. The big difference between the two is the Standard Account is free of commission trading, however spreads start from 1.0 pips, while the GO Plus Account has higher commission fees, yet provides really tight spreads on trading instruments. The minimum initial deposit for both account types is AUD 200. In addition, demo accounts are also available at no cost.
It is possible to deposit and withdraw funds using standard methods, including international bank transfer, credit and debit cards, as well as some online e-wallet services. Unfortunately, GO Markets does not accept cryptocurrency deposits or withdrawals. Trading accounts can be opened with nine different base currencies, including the US dollar, Singapore dollar, Swiss franc, Canadian dollar, Hong Kong dollar, Australian dollar, euro, British pound, and New Zealand dollar.
GO Markets has opted for the MetaTrader brand for its trading platforms, giving its clients the option of using the MT4, MT5, or the web-based version. Those who want to trade on the move can also get the mobile app for iOS and Android devices.
Clients of GO Markets have the option of trading various instruments, from the major foreign currency pairs to international stock indices, individual stocks, commodities and precious metals. Unfortunately, the broker has taken out both binary options and cryptocurrency CFDs from their selection of tradable assets.
GO Markets offer customer service 24 hours a day on weekdays using local phone numbers in Australia, the UK, and China. They can also be contacted through email and live chat. Furthermore, their main office is situated in Melbourne, Australia, and they occasionally host trading gatherings and educational workshops.