Founded in 2006 and headquartered in Melbourne, GO Markets is a Market Maker. It has licences from some of the top regulators, including ASIC of Australia, CySEC of Cyprus, FSA of Seychelles, and FSC of Mauritius. They provide their large client base across the globe with access to more than 600 tradable instruments spread across multiple markets, such as forex, stocks, indices, metals, energies, and commodities. The broker offers the powerful MetaTrader 4 and MetaTrader 5 trading platforms, a selection of useful trading tools, an extensive range of free educational courses, and reliable trading conditions, with competitive spreads and good execution speeds. They also have a multilingual customer support team on hand 24-hours a day to assist with any questions that you may have
GO Markets Review Introduction
In this GO Markets review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including GO Markets.
GO Markets Platforms & Tools
GO Markets provides their clients with the power MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, which are the most widely used among forex and CFD traders. While MT4 is primarily used for trading the forex market, MT5 is a multi-asset CFD trading platform.
Both platforms are freely available as web trading terminals that run on Chrome and other modern browsers, desktop applications for Windows and Mac computers, and mobile trading apps for Android and iOS devices.
The MT4 platform is intuitive and user-friendly and supports multiple order types, automated trading, and custom indicators and scripts. MT5 is a powerful trading platform with market depth and a separate system for accounting for orders and trades. There is also FIX API connectivity for clients who want direct market access, but it’s not available to all clients.
Some of the key features of the MetaTrader platforms include the following:
- Real time price quotes via market watch window
- Multiple order types and chart timeframes
- Fully customisable platform interface
- Place, manage and close orders
- Analyse markets with technical indicators & drawing objects
- Set price alerts via push notifications, pop-ups and email
- Trade with automated trading strategies (expert advisors)
- Strategy tester to back test automated systems
- Create custom trading tools in MQL language
- Get signals, tools and EAs from the MQL marketplace
- Available for mobile, web and desktop
GO Markets have an excellent selection of additional trading tools to support traders with their day to day trading activities. Although the MetaTrader platforms have plenty of tools already built-in, the broker provides advanced market analysis tools. These third-party tools include Myfxbook AutoTrade, Autochartist, MetaTrader Genesis, Trading Central, a-Quant Daily Trading Strategies, and Virtual Private Servers (VPS).
Launched in 2013, AutoTrade is an account-mirroring service operated by Myfxbook, an online automated analytical platform that boasts one of the largest social trading communities in the industry. Myfxbook AutoTrade lets you automatically copy trades of experienced forex traders directly to your trading account.
Autochartist is a powerful technical analysis tool that can support your trading. Autochartist is a program which can identify chart patterns using technical indicators such as Fibonacci retracements. It monitors the markets 24 hours a day, alerting you to trading opportunities in real time.
Trading Central is a global leader of financial market research and investment analytics. It uses technical analysis to scan the markets and find you actionable trade ideas, saving you precious time. Since 1999 Trading Central has been providing its services to the financial community, and over that time it has honed its offerings to be some of the best available. Trading Central is also a Registered Investment Adviser with the U.S. Securities and Exchange Commission, and the Hong Kong Securities and Futures Commission. Few third-party sources are considered to be as reliable as Trading Central.
MT4 Genesis is a comprehensive suite of MetaTrader trading tools to enhance the power of your standard MetaTrader platform. It includes the following features:
- Access a professional suite of MetaTrader add-ons to enhance your experience
- Use the sophisticated order management system
- Receive alerts so you never miss a trading opportunity again
a-Quant Daily Trading Strategies
a-Quant provides state-of-the-art trading products based on Machine Learning and Artificial Intelligence algorithms developed for brokers. a-Quant aggregates millions of data points and uses machine learning algorithms for regime detection, sentiment analysis, clustering, co-integration and Hidden Markov Models development. This produces high probability trading signals of certain risk/reward characteristics. Daily Strategies generates 9-12 signals per day on average, for the 10 most popular FX currency pairs. These can be delivered straight to your inbox.
Virtual Private Servers (VPS)
Clients who reach a certain trading volume with GO Markets can get a free virtual private server (VPS). A VPS is great for remotely running your trading platforms 24/7 so that you do not need your own home computer up and running. They are especially useful for traders who are using automated trading strategies that need to be running around the clock.
The GO Markets economic calendar shows you the times and dates of the latest news releases along with the previous, forecasted and actual impact on the markets. This can be a great tool to be used as part of your fundamental analysis. It is important to know what is happening across the markets so that we can identify when and why it moves in the direction that it does.
GO Markets Research & Education
The broker has a vast amount of educational resources on their website, including a dedicated education center with a selection of materials that can help you improve your trading knowledge. The educational resources include trading ebooks, video tutorials, educational courses, and webinars.
GO Trade Academy
The GO Trade Academy has free top-quality educational materials for all trader experience levels. You will find programs and courses to help you boost your trading skills, knowledge and confidence. You can put into practice what you are learning as you make your way through the courses. All of the GO Markets courses have additional support provided through access to demo trading platforms, account and platform assistance, as well as group coaching webinar sessions.
Guides & Videos
GO Markets have an abundance of trading guides and tutorial videos covering various trading topics. They are well organised and go over the basics of trading online and the provided platforms in order to help beginners get started. You will also find webinars on the brokers website amongst other useful educational resources. GO Markets really shine in this sense which shows they care about their clients making informed trading decisions.
GO Markets Instruments
GO Markets have a great range of more than 600 tradeable CFD instruments including Forex, Shares, Indices, Metals, Energies and Commodities. No matter what your interests may be, there is likely to be something for everyone to trade.
GO Markets Trading Accounts
GO Markets offer two main account types:
- GO Markets Standard Account: The minimum deposit is $200. There is no commission, but the spreads are marked up and usually start from 1.0 pips
- GO Markets Plus Account: The minimum deposit is $200, and the spreads start from 0 pips. There is a competitive commission of $6 per lot per round turn. This account type is more suitable for traders whose strategies require tight spreads, such as scalpers.
Demo trading accounts are also available if you wish to practice trading online risk free and gain confidence in using the MetaTrader platforms.
GO Markets Account Funding
The broker accepts a variety of convenient methods for depositing and withdrawing funds. They include bank wire, credit card, and online payment systems, such as Neteller, Skrill, POLi, FasaPay, and BPay.
GO Markets Customer Service
GO Markets has a multilingual customer support team that is available 24/5 to help with all general and technical questions. They can be reached via online chat, telephone, and email.
GO Markets Regulation
GO Markets is licensed by the Cyprus Securities Exchange Commission (CySec)- Licence No. 322/17 & Australia Securities and Investment Commission (ASIC), AFSL 254963. They are also regulated by the Financial Services Commission (FSC) of Mauritius, Licence No.GB 19024896 and Seychelles Financial Services Authority, Securities Dealer Licence Number SD043.
GO Markets Review Summary
GO Markets is a regulated broker that offers a great choice of over 600 tradable instruments including forex, stocks, commodities, metals and indices. The broker provides clients with the powerful and intuitive MT4 and MT5 platforms for web, desktop and mobile devices. GO Markets also have an excellent range of additional trading tools such as Autochartist, Trading Central and MetaTrader Genesis. There is even the option of a Free VPS for clients who qualify by meeting a minimum trading volume each month. The brokers trading conditions or extremely competitive, with spreads starting from 0 pips and commission from $3 per side. There is also a commission free account option that has a spread mark-up. In addition to a great range of trading products and services, you also get free access to a dedicated educational academy and around the clock support.
It is worth mentioning that some of the trading products and services in this GO Markets review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the GO Markets broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
- Popular MetaTrader 4/5 platforms
- Excellent choice of trading tools
- A dedicated learning center with a huge selection of educational materials
- GO Trade Academy
- Trading Central
- MetaTrader Genesis
- Tight spreads & low fees
- Quick & easy account funding options
- Free VPS