GO Markets Review
In our Go Markets Review, we cover Go Markets bonus, MT4, Go Markets forex, deposit & withdrawal, and account types. Compare it to other Forex brokers before deciding if Go Markets has the features you are looking for in a Forex broker and give your rating after reading the full reviews.
GO Markets UK previously operated in the United Kingdom under a license agreement with GO IP Pty Ltd in Australia. Our GO Markets review shows that they now operate under the Infinox brand.
The UK supervisory authority applies specific rules and requirements to authorization holders, the most important of which are the minimum capital requirements and the monetary principle of the clients.
Intermediaries regulated by the FCA must store customer funds in separate accounts, separate from fund management companies and GO Markets UK on their website, that customer funds are held at Barclays Bank PLC in the United Kingdom.
Besides, to provide evidence of their good financial standing, UK-based brokers must have net assets of at least EUR 730,000.
The least amount of deposit for opening a trading account in GO Markets UK is 100 £, which is the average. For comparison, AxiTrader (with both FCA and ASIC licenses) requires $200 as a start.
GO Markets MT4
GO Markets review research shows that they provide both the MT4 and MT5 platforms for use. They are both platforms from Metaquotes and are known for their excellent functionality and powerful features. Our GO Markets review shows that they are available to you on WebTrader.
GO Markets is one of the first best forex broker companies to bring MT4 to Australia. They provided it in all its forms for download on both Windows and Mac.
The charts are highly customizable and have parameters that you can use. They include timeframes, types of charts, and drawing objects whenever you want. The MT5 version is the one that is slated to replace the MT4. It has slightly more and better features.
Think of it as an update.
GO Markets review of Demo Account
GO Markets will give you access to a demo account upon request. It is for both the MT4 and MT5 platforms. It comes pre-loaded with $50,000 in virtual currency. The demo account is offered to new customers to test out before doing anything with real money.
The price feed is the same as the one on live platform accounts. The demo accounts will help you be able to come up with a strategy that will familiarize you with aspects like Expert Advisors.
It is recommended that you try the demo account first to make sure that you have a firm handle on the functionality and how everything works. You will find it quite helpful.
GO Markets Forex Products
Our GO Markets review found that they have a lot of things to offer. These include:
- 50+ currencies
- Two metals
- 14 indices
- Two commodities
- Two futures
- Five cryptocurrencies
- Over 200 ASX Stock shares
The account opening is easy, as well. After you have joined the broker, you will be able to see all that they offer, and from that, gain perspective about what it is you should do to be a better trader.
GO Markets Withdrawal and Deposit Options
With GO Markets, you will have a myriad of options because they accept credit and debit cards, bank wire transfers, POLi, and many others. You will not be charged any deposit or withdrawal fees.
International traders will have to pay any transaction fees levied by banks. Third-party payments are prohibited when it comes to this broker. Our GO Markets review shows that they do not accept cash payments either.
Withdrawal requests that you make before 1 pm will be processed on the same day. Any that come after this time passes will be moved to the next business day.
GO Markets Account Types
GO Markets review shows that the UK offers two types of accounts - STP and ECN, available via the popular MetaTrader 4 platform. The ECN account, called GO Pure, offers lower spreads, but requires a commission of $ 7.50 for a standard part and requires a higher minimum initial deposit.
GO Markets UK offers variable spreads that vary depending on the account category. However, the ECN account includes$ 7.50 commissions. The transaction costs are at least 1.2 pips for the pair, including commission, which is standard.
Go Markets Details Overview
|Established: 2006||Website: https://www.gomarkets.com.au|
|Address: Level 22, 600 Bourke Street, Melbourne, VIC, Australia.||Minimum to Open Live: $200|
|Regional Offices: Hong Kong, Taiwan, and the United Kingdom.||Regulators: Australian Securities and Investments Commission.|
|Minimum Trade Size: 0.01||Prohibited Countries: Israel, Belgium, Canada, Japan, New Zealand, Turkey, United States of America, and Vietnam.|
|Maximum Leverage: 1:500||ECN: Yes.|
|Mobile Trading: Available||Currencies: 50+ Pairs|
|Trading Platforms: MT4, MT5, and WebTrader.||Cryptocurrencies: 4 including Bitcoin, Litecoin and Ethereum.|
|Robots: Available.||CFD: 200+ Gold, Silver, Stocks, Stock Indexes, Oil.|
|Scalping: Allowed||Web Trading: Available|
|Deposit Methods: : Bank Wire, VISA, MasterCard, BPAY, FasaPay, Neteller, Poli, Skrill.||Withdrawal Methods: Bank Wire, VISA, MasterCard, BPAY, FasaPay, Neteller, Poli, Skrill.|
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