not verified

GO Markets

  • Trading conditions
    32%
  • Platforms and tools
    66%
  • Credibility
    7%
  • Education
    82%
  • Support
    86%
  • Fees and payments
    20%
  • Users choice
    71%
3 reviews
4/5

Founded in 2006, GO Markets is a leading Australian online broker offering over 80,000 clients from around the world access to trade over 250+ instruments from multiple markets including Forex, Cryptocurrency, Commodities, Stocks, Shares, Indices, Metals, Energies & CFDs. GO Markets pride themselves on offering reliable, powerful and flexible trading conditions including accounts with raw tight spreads starting from just 0 pips. Servers that are located in the Equinix LD4 data centres ensures a low latency environment to execute your trades with some of the best execution speeds possible.

Overall Score

47.11

We have collected all the parameters of brokers that are important for trading into different groups for your convenience. The closer the parameter is to the maximum value, the higher the percentage of the group. The overall score is based on all groups’ scores. Now you can see what the strengths of the broker are and where are their weaknesses. Not only to see but also to understand how much it suits your particular needs. If a broker has a GREEN VERIFIED, then the information about its parameters has been received from the broker and been examined by us! GREY NOT-VERIFIED means that information about the parameters of the broker is collected from open sources on the network, BUT it is not confirmed by our tests. RED NOT-VERIFIED means that there is no unambiguous information on this broker in open sources and the specified parameters may differ greatly from the actual ones.

  • Spread:
    visible_only_for_verified_brokers
  • Number of futures:
  • Number of currency pairs:
    50
  • Digits after the dot:
  • Number of commodities:
  • Number of cryptocurrencies:
  • Minimum Deposit:
    200
  • Number of bonds:
  • Nuber of indices:
  • Number of tradable assets:
    100
  • Leverage:
    500
  • Number of options:
  • Number of stocks:

Advantages

Myfxbook Auto Trading
Trade on MT4, MT5

Disadvantages

Negative balance protection is not available
No US clients
No fixed spread accounts
GO Markets

GO Markets is a brokerage firm that was founded in 2006 and operates under the auspices of the Australian Securities and Investments Commission (ASIC). Compliance, competitive spreads, and technological advancements drive this platform under the national Australia bank securities and investments commission.

The GO Markets traders provide financial services for a valuable trading environment connected to innovative technologies. Their major offices are in Australia and Cyprus, allowing traders to create strategies and improve trading outcomes.

Overall, the GO Markets trading account promises to deliver fantastic prospects for trading forex for any size trader, along with its ongoing support and challenges. So, let’s inspect what makes GO Markets’ idea so profitable and beneficial.

GO Markets Australian financial services licence is one of the old forex brokers that forex traders just rely on for their reputation. GO Markets is a registered company of the GO Markets Pty Ltd and is controlled by the Australian Securities and Investments Commission (ASIC – AFSL No. 254963), one of the most stringent government regulatory bodies in the world.

  • A-Quantum Daily Trading Strategies — You can do a safe trading environment in forex trading signals using fake information. It is also a Fintech business with offices in Greece, Athens and London, based in Cyprus. The company has operations in the UK. It has designed and produced technologically advanced trade products which use specially built machine learning algorithms for online forex brokers.

  • Trading central – GO Markets is happy to add this commercial programme to improve your marketing capacity by recognising great patterns in trading costs. It offers 24-hour support for an initial investment in fundamental and technical research, multi-asset coverage and trade.

  • Autochartist – Only for the MT4 platform is available on Windows. It provides a study of volatility and real-time trade notifications. A rookie and expert trader may use the world’s greatest chart recognition programme when you open and deposit five hundred US dollars or more. It is at the forefront of the latest technology, with integrated automated trading and access to a study of the effects of events, volatility, and price alerts.

  • VPS or Virtual Private Servers — It enables high-speed and dependable access for apps MT4 and MT5.

Foreign exchange trading central requires social trading in transforming markets review and you need an instrument that enables quick, real-time access.

Pros and cons

Pros:

  • Operation from many years.
  • Broker with a global markets reputation and many awards.
  • MT4 and MT5 platforms are available.
  • Excellent learning and research educational resources, as well as excellent support.

Cons:

  • Only MENA citizens are eligible for a swap-free account.
  • Regulations and entities may have different requirements.

Is GO Markets a scam?

  • GO Markets Pty Ltd, ASIC, licence 254963 is authorised and controlled.

  • GO Markets Pty Ltd (MU) is a Global Business Company (Corporation No.170969) authorised and regulated as a Discount Broker (Investment Dealer) License No.GB 19024896 by the Mauritian Financial Services Commission (FSC).

  • CySEC, licence number: 322/17, GO Markets are authorised and governed

  • GO Markets approved and regulated the Seychelles Financial Services Administration, Securities Dealer License No. SD043.

We registered this broker trading account under the name GO Markets Pty Ltd in 2004 by the Australian Securities and Investments Commission. That does not just show that the Australian authorities have official recognition of this Forex broker, but that it can also comply with all the legal standards necessary to get the needed authorisation to operate in specific areas.

In addition, the GO Markets Forex Broker trading platforms are also subject to the Agency, control and control, which also provides customers with information and support as regards the confidentiality of the supplied forex trading broker.

In short, all instruments and relevant arrangements offer a social trading platform based on legal requirements and various auditing regulations. In plain words, this means: GO Markets must comply with the disclosing criteria established by the ASIC company as an OTC Derivative Provider, while investors are aware of the risks and advantages.

GO Markets trading account types

The broker provides standard and GO Plus accounts in two social trading platforms with the freedom to administer and pick the most appropriate manner to do business. There is therefore a choice between a standard trading proposal based on diffusion trading costs and access to the real ECN environment through GO Plus+ developed particularly with light-fast technology.

Live trading account is also available for market review in several currencies like AUD, USD, GBP, EUR, NZD and SGD. The GO Markets Forex Broker provided two distinct types of accounts are provided to its clients:

  • The standard account

  • The Pro Account

  • The demo account

Both markets accounts along with the demo account provide customers with the particular characteristics that they may utilise when trading with this Forex courier. A standard account is the most appropriate trading account for traders who wish to reach worldwide Forex trading marketplaces. We should note that they apply no commission fees for the clients to this sort of demo account. This trading account needs a minimum deposit of $200 and this account’s maximum heap is 300:1. You can get the best information from the GO Markets website for these markets offers and demo accounts.

GO Markets account opening

You may initially establish a demo account to get markets review that simply needs a login page with an email address and password. You should take the next steps if you wish to enjoy using the benefit of the Australian financial services licence.

  • Enter all your names, emails, telephones, etc.

  • Choose the type and currency of your account

  • Enter your business experience and expectations

  • Upload Address evidence, ID, etc (because of regulatory requirements)
  • Submit

  • Follow with money minimum deposit fees once they have authorised your markets accounts

GO Markets trading platform

MT4 is definitely seen as a pre-existing standard for advanced traders worldwide, therefore GO Markets CFD trading has chosen its basic basis as this technology, however, MT4 can differ from one business to another because brokers can also instal several extensions to offer greater features for a good trading experience.

Trading on the Internet

So we identified an extensive and complex edition on the GO market trading platforms that supported and integrated several editions. So you will find a web trading platform that is useful for any device because the tools are not installed but maybe a little less complex trading experience.

Of course, this is the most often used GO Markets MetaTrader 4 platform, accessible for Mac and PC versions which are certainly a requirement for advanced or active traders. You may experience the whole features and customisation of GO Markets auto trading desktop platform together with a terrific offer from GO Markets which include sophisticated devices like MT4 Genesis for client funds. It helps traverse the users of the worldwide and computable markets review with expert consultants and various integrated indicators with automated trading in financial services.

The trading platform GO Markets MetaTrader 4 (MT4) has long been regarded as the industry standard for international forex dealers. Although it has aged, MT4 is still quite popular with its car trading capabilities, which allow algorithmic trading and strategy testing with professional advisers (trading robots). One can easily start trading with this broker.

MetaTrader 5 provides a strong markets review depth trading platform and a distinct accounting system. Both order accounting methods are supported: the conventional netting system and the hedging option system. To satisfy diverse trading objectives, four kinds of order execution are available: Execution of instant demands, markets and exchange. This broker is the best choice for those who want to trade.

GO Markets trading instruments

GO Markets, a marketing manager with ECN account possibilities, offers over 350 trading tools, including Forex, stocks, indices, metals and commodities. It provides two active accounts for at least AUD 200 deposits.

The trade size minimum is 0.01 batches, leverage up to 30:1, and the GO Plus account is charged for commissions alone. Besides a wide variety of trading instruments, variable distributions are starting at 0.0 pipes with full support for platforms MT4 and MT5. Finally, GO Markets enables you to hide and scalp, but not to trade copies.

Precious Metal – Gold and money may be traded as CFDs or Difference Contracts through the MT4 tool. One lot is equal to 100 ounces of Gold CFD and one lot is equal to 5 ounces of silver CFD. You can reduce exposure and danger by using a modest amount. The breadth of your trading tools will also be extended.

Forex – It’s the largest liquid financial market and GO Markets is a pioneer in MT4 forex trading tools.

Indexes – MT4 may access from the mobile trading apps Multiple index CFDs. Twelve CFDs are available for international trade and two future CFDs.

Bitcoin (BTC)- is the most markets review and price-capitalised digital currency since it was founded in 2008. 50% dominated the whole crypto market cap.

Similar to Bitcoin, Litecoin (LTC) varies in scalability. Litecoin is a popular Bitcoin fork (BTCUSD), taken from Bitcoin code with minor changes, and debuting as a new project. Litecoin is another prominent cryptocurrency.

The gross settlement mechanism Ripple (RPL) is popular among major banks having a Ripple network. It permits transfers of trans-boundary funds instantly at an extremely minimal cost.

Includes Forex, Share CFDs, commodity, indices and metals, GO Markets provides over 350 products, including:

  1. Forex – 50+ available currency pairs

  2. Access to a broad selection of Index CFD trades on MT4 & MT5 platforms – Traded 200 ASX shares (CFD), with 5% margin requirements Indice.

  3. Metals – access to several pairs of valuable metals

  4. Commodity items – commerce one of the world’s most widely traded things

GO Markets commissions and spreads

Reviews reveal that the spreads between main and minor forex pairings range from 0.2 to 0.5 pips, whilst minimal sizes on indices start at 0.1 pips. Gold, silver and crude oil differences are changeable and may be seen on the main page of the advanced traders.

The additional trading platforms expenses include fees of A$3.00 per side in the normal batch (only in the GO Plus+ account) and swap rates when you purchase and sell a currency pair and keep it overnight.

The courier commissions and spreads, for example, are comparable if you compare GO Markets with others like Peperstone or IC markets.

GO Markets Leverage

The GO Market provides competitive leverage for forex pairs up to 1:500, for share CFDs up to 1:20 and for indexes up to 1:100. All accounts have a default 1:100 leverage, and you may pick a rate between 1:1 and 1:500, based on your account balance.

GO Markets deposit and withdrawals

The money cannot be returned to a bank account in the name of your GO Markets trading accounts under the anti-money-laundering regulations. GO Markets does not impose any deposit or withdrawal charges but can be subject to bank fees from any intermediary bank engaged in the transaction for retractation of non Australian banking institutions. They will also handle the withdrawal form on the same day, before 1 pm AEST. For details about deposit fees and markets withdrawals procedures in trading accounts, see below:

Visa/Mastercard: zero fees for transactions and transactions are immediately processed with mobile trading platforms. AUD, USD, GBP, EUR, NZD, SGD, CAD, CHF and HKD are the names of the accounts.

  • Skrill: Zero transaction fees and transactions are immediately processed in the mobile trading app. AUD, USD, GBP, EUR, NZD and SGD are denominated accounts.

  • Neteller: Zero fees and transactions are immediately processed. Accounts in AUD, USD, GBP, EUR and SGD are denominated.

  • Bank/Wire Transmission: zero transaction costs for those who love mobile trading app (but may be subject to bank fees) and 1-3 business days for bank wire transfer transactions. AUD, USD, GBP and EUR accounts are denominated.

  • Fasapay: zero instant transaction fees and transactions in GO Markets platform under bank wire transfer.

GO Markets bonuses

Forex firms entice new traders with enticing incentives for deposits. This can be helpful, but the right bonus must be discernible.

This incentive is only a means of compensating traders to choose a specific multi-asset broker since the trader will have the same costs as any other when the account is established.

The incentive is only compensation for the decision of the dealer, which pays the dealer part of these expenditures, once showing to be an active trader.

Customers should notice that there’s no deposit bonus to assist you to trade, but there are frequently absurd terms so you have so much to trade before you can do anything, even if you earn a profit.

GO Markets education and research

GO Markets platform provides a safe trading features environment for instructional and research tools required to execute flawless trading platforms online since beginner traders often go through huge obstacles while seeking trade possibilities. Lastly, GO Markets and its markets account are various winning materials that are defined by traders of all levels and are open to free use.

There are Forex Trading Courses, Video Tutorials, Tutorials as well as regularly scheduled seminars and webinars in many languages at the GO Markets Academy and Education Centre. In addition, a Demo account is available without limitations where beginners may test technique or view the GO Markets environment.

They may download two manuals addressing Forex trading features – for beginners, one for expert traders. A free download is the first book for novices and covers fundamental language, charts and trader psychology. The advanced eBook has to be registered and includes technical analysis and trade policies.

These manuals supplement many films on trade techniques. It opened some videos for public use, while the rest of the films need to be recorded in an account.

Organised Forex training is available as a webinar and simply takes your name and email to be registered.

In terms of the research tools, GO Markets is also working along with auto chartist and trading features central suppliers to utilise its free trading signals and ideas to your advantage, besides extremely extensive research developed in the Metatrader 4 Platform.

In addition, they leave thousands of additional on MetaTrader4 and 5 that are set by the device and criteria, where also fantastic MT4 Genesis tools may be used.

GO Markets Customer Support

Customer support services may be found from Monday to Friday and 24 hours a day according to the official web page of this Forex broker. In addition, your website also offers the place customers may visit if they experience certain troubles and telephone numbers that they can call if there are any problems. The official web website additionally offers customers the live chat option and replies to the messages of the customer over a record time period.

Multilingual customer support services from GO Markets are available 24/5 via:

  • E-mail – [email protected] or e-mail [email protected]

  • Live chat — Live chat logo in the lower right corner of the website

  • Tel: +44 203 637 7618 / International: +61 3 8566 7680. Australia: 1800 88 55 71 / United Kingdom:

You will receive a reply within 5 minutes after testing the live chat service.

Final Verdict

Overall, the analysis of the GO Markets trading online central reveals that a broker offers many advantages and in fact many outstanding awards from publishing companies or traders globally.

One of the key attractions of GO Markets is a wide selection of trading instruments, including recent developments in cryptocurrencies, with all assets traded at competitive prices based on each of the provided accounts starting at 0.0 pips.

Finding a means of involving businesses of any type and budget are also possible through the MT4 brokers’ support, which enhances the proposed system with powerful technological tools that provide free usage with GO Markets.

As one of Australia’s most reputable Forex brokers, they have served a generation of retailers who have completed their professional standard account throughout the years. So, GO Markets would be the go-to broker if you start your trip as a trader in Forex.

The deposit method of the YaMarkets is via Bank Wire, VISA, MasterCard, AstroPay, Bitcoin, Local Bank Deposits, Local Exchangers, PayPal, PerfectMoney, etc. The headquarters of the YaMarkets is located at Suite 305, Griffith Corporate Centre, Kingstown P.O. Box 1510, Beachmont Kingstown St. Vincent and the Grenadines.

The brokerage firm offers customer support service to the investors which is helpful for the traders to solve their problems regarding trading in the market. It is one of the best online brokers in the market which provides the best services and functions to investors.

Is YaMarkets Scam: Regulations

It is the legit broker in the market regulated and sanctioned by the Vanuatu Financial Services Commission (VFSC). The investor’s money is completely secure and safe with YaMartkets because the broker will use the upgraded technology for trading.

Before starting trading with YaMarkets the traders need to deposit the initial amount of $10. After that, the brokerage firm doesn’t charge any commission on all the trading accounts except ECN. The withdrawal process of the YaMarkets is very simple; a trader only needs to submit a withdrawal request then the broker initiates a request within the working hours.

The broker offers the maximum leverage of 1:1000 to the professional investors of YaMarkets.

YaMarkets Trading Account Types

The brokerage firm offers four types of trading accounts, and each account has some advanced level of features and functions which is grateful for the investors.

Ultimate Trading Account

  • To start trading with YaMarkets the minimum deposit is required $10.
  • Minimum trading volume 0.01
  • The broker offers a Swap-free Account.
  • In the Ultimate trading account, the Spread starts from 1.8 pips.
  • The broker doesn’t charge any commission while trading in the ultimate reading account.
  • The maximum leverage offered by the broker is 1:500.
  • The Account Currency type is USD.
  • The trader has a Margin call of 70%.
  • A trader has a Stop Out option of 50%.
  • Instant Execution.

Standard Trading Account

  • Before starting trading with YaMarkets, the minimum deposit required is $500.
  • Minimum trading volume 0.01
  • The broker offers a Swap-free Account.
  • In the Ultimate trading account, the Spread starts from 1.5 pips.
  • The broker doesn’t charge any commission while trading in the ultimate reading account.
  • The maximum leverage offered by the broker is 1:500.
  • The Account Currency type is USD.
  • The trader has a Margin call of 70%.
  • A trader has a Stop Out option of 50%.
  • Instant Execution.

Royale Trading Account

  • The minimum deposit is $2500 to start trading with YaMarkets.
  • Minimum trading volume 0.01
  • The broker offers a Swap-free Account.
  • In the Ultimate trading account, the Spread starts from 1.0 pips.
  • The broker doesn’t charge any commission while trading in the ultimate reading account.
  • The maximum leverage offered by the broker is 1:300.
  • The Account Currency type is USD.
  • The trader has a Margin call of 70%.
  • A trader has a Stop Out option of 50%.
  • Instant Execution.

ECN Trading Account

  • The minimum deposit is $5000 to start trading with YaMarkets.
  • Minimum trading volume 0.10
  • The broker offers a Swap-free Account.
  • In the ECN trading account, the Spread starts from0.1 pips.
  • The broker doesn’t charge any commission while trading in the ECN trading account.
  • The maximum leverage offered by the broker is 1:200.
  • The Account Currency type is USD.
  • The trader has a Margin call of 70%.
  • A trader has a Stop Out option of 50%.
  • Instant Execution.

YaMarkets Account Opening

It is one of the best online brokers in the market. However, to start trading with YaMarkets, a trader needs to follow a few essential steps.

  • In the beginning, a trader needs to apply online on the official website of Yamarket then fill the application form in which they put the necessary details such as name, age, address, country, etc.
  • Then the trader gives the answers to the questionnaire, which is related to the trading plans and goals.
  • It is one of the most important steps in which an investor needs to verify their trading account with the help of a government ID card because it takes some time to verify their trading account.
  • In the end, deposit the initial amount of money and start trading with YaMarkets.

YaMarkets Trading Platform

YaMarkets offers two types of the trading account as MetaTrader 4 and MetaTrader 5. Every trading platform has some unique functions which are beneficial for the investors.

MetaTrader 4 Trading platform

It is the best trading platform because it is easy to handle and controlled by investors. In addition, MetaTrader 4 platform has all the features which are essential to predict the future market of the assets.

What are the main features of the MetaTrader 4 trading platform?

  • The brokerage firm offers tradable assets such as forex, cryptocurrency, Indices, Metals, Indices, etc.
  • The platform supports various types of languages.
  • MetaTrader 4 platform has all tools and indicators which are essential to trade.
  • Offers a variety of charts for trading.

MetaTrader 5 Trading platform

It is the advanced level of the trading platform in the market because if we compare both the trading platforms, then MetaTrader 5 has more variety of tools and indicators for trading.

What are the main features of the MetaTrader 5 trading platform?

  • A trader can trade on a variety of CFDs assets.
  • The platform supports VPS.
  • It has some superior charting systems.
  • A trader gets access to the market news and data.
  • The broker offers educational material which is helpful to get information about the market.

YaMarkets Trading Instruments

The brokerage firms offer CFDs instruments for trading. Therefore, a trader can earn a higher profit with YaMarkets.

Forex

  • Spreads from 0.0 pips.
  • Access to 60+ Currency Pairs.
  • 0.20s Average execution speed.
  • All trading strategies enabled.
  • Leverage up to 1:500

Cryptocurrency

  • Invest in CFDs on 26 Cryptocurrencies.
  • Trade at any time convenient for you.
  • Start your trading with just 10USD.
  • Invest via modern platforms.

YaMarkets Commission & Spreads

  • The brokerage company doesn’t charge any commission while trading.
  • Only the ECN trading account holder pays the commission on trading.
  • The Spread is fluctuating within a second.
  • The broker charges the inactivity fee if an investor is inactive in the market.

YaMarkets Leverage

The brokerage firms offer a maximum leverage of 1:1000 to the professional investors and 1:30 to the retail investors.

YaMarkets Deposit and Withdrawal

  • A trader can deposit an unlimited amount of money into the trading account for trading.
  • The broker doesn’t charge any commission while depositing the money.
  • The payment option of the YaMarkets is via Bank Wire, VISA, MasterCard, AstroPay, Bitcoin, Local Bank Deposits, Local Exchangers, PayPal, PerfectMoney, Skrill, VoguePay.
  • The broker charges the withdrawal fee from the traders if the trader withdraws a large amount of money.

YaMarkets Educational and Research Support

The brokerage firm offers a wide variety of educational and research material for investors. It is helpful for the investor to gain knowledge about the market and predict the future situations of the asset.

A trader understands the market properly then practices on the demo account first and selects the best trading strategy for trading which is used in the real trading account.

Here is the list of Educational and Research support:

  • Calculator
  • Educational Video
  • Economic Calendar
  • Daily Trading Signals

YaMarkets Customer Support

The broker provides customer support service for solving problems. The employees of YaMarkets have good experience to solve the investor problem. If the problem is not solved by customer support, it will be transferred to the higher executive.

Address: Suite 305, Griffith Corporate Centre, Kingstown P.O. Box 1510, Beachmont Kingstown St. Vincent and the Grenadines.

Email: [email protected]

Phone number: +357 22030234

Final Verdict

YaMarkets is authorised and approved by the Vanuatu Financial Services Commission (VFSC). The investor of this firm is giving positive feedback towards the broker. This is the only broker in the market which provides the best trading tools and indicators.

Why Trade with YaMarkets?

  • VFSC regulates it.
  • A trader can trade 80+ CFDs assets.
  • The brokerage company offers a demo account for the investors.
  • The broker provides a customer support service to traders.
  • Provide a variety of tools and indicators.

Users' Reviews

CJ WEST

2020-12-03
the easiest and simplest brokerage house with social condiment. It lacks in bonds instruments for now…

LEO BELLIN

2020-12-18

Terrible customer service. I’ve spent 2 weeks waiting to get verified. Its saying that by depositing money it will be faster, i do not believe this.

MARK LEBUS

2021-02-01

Great variety of asset types, and keeps on improving App has good design The popular investor program is great innovation Higher spread compared to other brokers