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GO Markets Review and Tutorial

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GO Markets Facts & Figures

GO Markets is an ASIC-regulated FX & CFD broker.

 

Awards

• No. 1 For Customer Service, 2019 – Australia Trading Leverage Report

Bonus 30% deposit bonus
Instruments Forex, CFDs, indices, shares, energies, metals, cryptocurrencies
Demo Account Yes
Min. Deposit $200
Pay Methods BPAY, Credit Card, FasaPay, MoneyGram, Neteller, Perfect Money, POLi, Skrill, Visa, Western Union, Wire Transfer
Min. Trade 0.01 lots
Regulated By ASIC
MetaTrader 4 Yes
MetaTrader 5 Yes
cTrader No
ECN Account Yes
DMA Account No
Mobile Apps Yes
Auto Trading Yes
Social Trading Yes
Copy Trading No
Trade Signals Yes
Islamic Account No
CFD
FTSE Spread 0.1
GBPUSD Spread 0.5
Oil Spread Variable
Stocks Spread Variable
Leverage 1:500
Forex

Trade with leverage on dozens of popular currencies.

 

GBPUSD Spread 0.5
EURUSD Spread 0.2
EURGBP Spread 0.4
Assets 50+
Cryptocurrency

Trade on the most popular cryptocurrencies.

 

 

Spread Variable
Coins BTC, ETH, LTC, XRP, BCH
Risk Warning – Your capital is at risk

GO Markets is an honor-winning Australian forex merchant and CFD supplier, offering the MetaTrader 4 and MetaTrader 5 stages. This audit will cover demo and open cash accounts, just as influence and expenses. See whether you should begin trading with GO Markets today. 

The data on this site isn’t aimed at occupants in the European Union and isn’t proposed for dispersion to, or use by, any individual in any nation or ward where such dissemination or utilize would be in opposition to nearby law or guideline.

GO Markets Details

Established in 2006, GO Markets is one of Australia’s first MetaTrader 4 (MT4) forex representatives. The supplier has since added MetaTrader 5 (MT5), WebTrader, and versatile trading to its set-up of administrations. 

Situated in Australia and authorized by the Australian Securities and Investment Commission (ASIC), the gathering presently has workplaces in London, Taipei, and Hong Kong. In 2019, the dealer reported its venture into the Middle East and Northern Africa district, working as GO Markets MENA DMCC in Dubai, UAE.

Trading Platforms

MT4

GO Markets utilizes the MetaTrader 4 (MT4) trading stage, a multi-highlighted Mac and Windows trading programming that incorporates: 

  • Admittance to more than 350 trading instruments 
  • Forex, records, and items trading 
  • Computerized trading highlights 
  • Market examination pointers 

Customers can likewise exchange on MetaTrader 5 (MT5), a further developed stage offering prevalent devices: 

  • Four kinds of request execution and six sorts of forthcoming orders 
  • 80+ specialized examination objects 
  • Admittance to Expert Advisors 
  • Supporting and mesh 
  • A single tick trading 
  • MT4 and MT5 are accessible for download on Mac and Windows PCs.

WebTrader

The WebTrader stage offers everything highlighted on MT4 or MT5, all inside an online stage that can be gotten to straightforwardly from any web program. 

With no application or program expansion download required, the stage permits clients to exchange CFD instruments and access value examination from any place with a web association. WebTrader is a reasonable choice for customers looking for a simple access stage. 

WebTrader is viable with Windows, Mac, and Linux OS

Social Trading: Myfxbook

Myfxbook AutoTrade is a worldwide duplicate stage and the social trading local area. With more than 90,000 clients, Myfxbook effectively associates with your GO Markets Standard trading account, permitting clients to: 

  • Duplicate pre-endorsed merchants who have a verifiable history of fruitful exchanges 
  • Access Myfxbook directly from a web program 
  • Access a scope of precise investigations and insights 
  • Have simple authority over auto-replicated exchanges 

After getting login subtleties for MT4/MT5, dealers can then essentially enroll for a Myfxbook account through the site.

Markets

GO Markets clients approach more than 350 items inside six fundamental markets: 

  • Monetary standards – Trade 50+ major, minor and intriguing cash sets, including AUD/USD, EUR/GBP, and USD/CNH 
  • Offer CFDs – Trade long and short with over 200+ ASX shares and 80+ NYSE and NASDAQ shares 
  • File CFDs – Trade long and short with 13 Cash CFDs and 2 Futures CFDs, including FTSE 100, CAC 40, US 500, and ASX 200 
  • Valuable metals – Trade gold and silver CFDs with long or short positions 
  • Items – Includes valuable metals just as raw petroleum. These can be exchanged both in spot and prospects markets. 
  • Cryptographic forms of money – Trade on Bitcoin, Bitcoin Cash, Ethereum, Ripple, and Litecoin. 

Paired choices are likewise accessible at GO Markets.

Spreads & Fees

Surveys show spreads are serious, going from 0.2 to 0.5 pips on major and minor forex sets, while the most diminutive exchange size on records starts at 0.1 pips. Spreads on gold, silver, and unrefined petroleum are variable and can be found on the representative’s entire page. 

Other trading costs incorporate commissions (just in a hurry Plus+ Account) of A$3.00 per side on a standard parcel, just as trade rates when you purchase or sell a money pair and hold it short-term. 

By and large, on the off chance that you think about GO Markets versus any semblance of Pepperstone or IC Markets, for instance, the merchant’s bonuses and spreads are cutthroat.

Leverage

GO Market offers cutthroat influence up to 1:500 on forex sets, up to 1:20 on share CFDs, and up to 1:100 on lists. 

All customer accounts are set up with a default influence pace of 1:100, and relying upon account balance, you can pick a rate somewhere in the range of 1:1 and 1:500.

Mobile Apps

GO Markets offer the MetaTrader versatile application for iOS or Android based-cell phones, which means clients can exchange day in and day out in a hurry. MT4 and MT5 for versatile permit simple and helpful admittance to similar highlights as the work area stage, including statements, exchanges, and outlines, just as a paired alternatives module with MT4. The versatile applications can be downloaded from your gadget’s Google Play or App Store.

Payment Methods

Deposits

GO Markets offer a scope of record financing alternatives in numerous base monetary standards: 

  • Bank wire move 
  • Mastercard and Visa 
  • Fasapay 
  • Neteller 
  • Skrill 
  • BPAY 
  • Poli 

There are no store expenses with respect to the dealer. All store alternatives offer moment preparation, aside from bank wire move and BPAY, which can require three days.

Withdrawals

Withdrawal demands at GO Markets can be submitted through the safe online customer entryway. Withdrawal demands got before 1 pm AEST will be handled that very day. Any got after this time will be prepared on the following workday. What amount of time it requires for assets to show up in your record will then, at that point, rely upon the installment supplier.

Demo Account

GO Markets offers a thorough demo account that permits you to work on trading more than 350 CFD and double choices instruments, with constant spreads, influence up to 1:500, more than 80 specialized investigation apparatuses, and 24/5 multilingual customer support. 

Customers get $50,000 in virtual assets to rehearse on MT4 and MT5, either on your versatile gadget or work area. The demo record can be set up effectively using an online structure on the agent’s site.

Deals & Promotions

Kindly allude to GO Markets’ advancement page for current advancements.

Regulation & Reputation

GO Markets Pty Ltd is regulated and licensed by the Australian Securities and Investments Commission (ASIC) and holds an Australian Financial Services license. The broker ensures that all client funds are held in separate client trust accounts at top-tier AA-rated Australian banks: National Australia Bank and Commonwealth Bank.

Additional Features

GO Markets offer different strengthening trading and instruction devices intended for the two fledglings and specialists the same. These include: 

  • a-Quant Daily Trading Strategies – Trading signals dependent on AI/artificial brainpower 
  • Trading Central – Better exchange bits of knowledge with expert help, design acknowledgment pointers, and that’s only the tip of the iceberg 
  • Instruction Center – Forex Trading Handbook, video instructional exercises, courses, online classes, and workshops 
  • Autochartist – Real-time trading alarms and unpredictability investigation for MT4 and MT5 (Windows as it were) 
  • MT4 and MT5 Genesis – MetaTrader stage progressed additional items (Windows as it were) 
  • Virtual Private Servers (VPS) – Fast-access worker for MT4 and MT5 
  • News Podcasts, financial schedule, and that’s just the beginning

Account Types

GO Markets offer two record types: Standard and GO Plus+. Both are accessible in nine unique monetary forms and require a base store of A$200. 

Accessible to brokers, all things considered, the Standard record is spread-based with no commission. Clients approach spreads of 1.0 pips, a base exchange size of 0.01 parcels, and influence up to 1:500. The Standard record likewise accompanies essential highlights like 24/5 help, a committed record supervisor, supporting, and scalping. 

The GO Plus+ is an ECN-style record and offers overall similar highlights as the Standard record, yet instead incorporates super low spreads from 0.0 pips. GO Plus+ accounts are dependent upon A$3.00 commission per side.

Benefits

Benefits of opening a record with GO Markets include: 

  • Trading and examination devices like Autochartist and Trading Central 
  • No commissions with the Standard record 
  • MetaTrader 4 and MetaTrader 5 stages 
  • least parcel size and zero spreads 
  • Grant winning client support 
  • No dormancy expense 
  • 1:500 influence

Drawbacks

However, there aren’t numerous restrictions, disadvantages of GO Markets include: 

  • Just two record types 
  • Different confined nations, including the US

Trading Hours

Trading hours for forex run from Monday 00:00 to Friday 24:00 (GMT+3). A particular trading hours timetable can be found on the Commodities page on the intermediary’s site for valuable metals and wares.

Customer Support

GO Markets’ multilingual client assistance administration can be reached 24/5 through: 

  • Email – support@gomarkets.com or newaccounts@gomarkets.com 
  • Live visit – live talk logo situated in the base right-hand corner of the site 
  • Phone number – Australia: 1800 88 55 71/United Kingdom: +44 203 637 7618/International: +61 3 8566 7680 

On testing the live visit administration, we got a reaction within 5 minutes. 

Keep up with the most recent news on GO Markets’ web-based media pages: 

  • Twitter 
  • Facebook 
  • Instagram 
  • LinkedIn 
  • YouTube 

GO Markets’ office is settled at Level 22, 600 Bourke Street, Melbourne, VIC, 3000, Australia. The European office is settled at 73 Agias Zonis and Tertaiou Corner, Dena House, third floor, 3090 Limassol, Cyprus.

Security

GO Markets agrees with information security laws under the Australian Privacy Act 1988 and the European Union General Data Protection Regulation (GDPR). The MT4 and MT5 utilize the most elevated security principles, where information trade between the customer terminal and the stage workers is scrambled. Two-factor verification can likewise be applied upon login.

GO Markets Verdict

GO Markets’ insight, grant-winning help, and trading apparatuses have acquired them a strong standing among the online forex industry. The MT4 and MT5 stages are ideal for dealers, everything being equal, and the tight spreads and low commission expenses make it an alluring alternative for anybody hoping to exchange resources productively.

Accepted Countries

GO Markets acknowledges brokers from Australia, Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar, and most different nations. 

Brokers can not utilize GO Markets from Afghanistan, Azerbaijan, Bahamas, Belize, Bosnia, And Herzegovina, Burundi, Canada, Central African Republic, Congo, Cote D’Ivoire, Egypt, Eritrea, Ethiopia, Ghana, Guinea-Bissau, Haiti, Iran, Iraq, Israel, Japan, Lebanon, Libya, Myanmar, New Zealand, Nicaragua, Korea, Pakistan, Palestine, Serbia, Sierra Leone, Somalia, Sudan, Sri Lanka, Syria, Trinidad And Tobago, Tunisia, Ukraine, United States, Venezuela, Yemen.

Alternatives to GO Markets

In case you are searching for choices to GO Markets, we have ordered a rundown of the best 5 intermediaries that are like GO Markets beneath. This rundown of intermediaries like GO Markets is arranged by closeness and just incorporates organizations that acknowledge brokers from your area. 

  • RoboForex – RoboForex is a multi-resource online intermediary offering incredible trading helpers. 
  • FP Markets – FP Markets is a multi-resource intermediary offering a decision of trading stages. 
  • Moneta Markets – Moneta Markets is a directed FX and CFD representative contribution to an exclusive web stage. 
  • OctaFX – OctaFX offers multi-resource trading on a scope of stages and versatile arrangements. 
  • FXChoice – FXChoice is a seaward retail intermediary offering MT4 and MT5 stage downloads.

FAQ

How much capital do I need to trade with GO Markets?

The beginning store is A$200 on both the Standard record and GO Plus+ account.

What are account base currencies available on GO Markets?

You can hold your assets in one of the accompanying base monetary standards: AUD, USD, GBP, EUR, NZD, SGD, CHF, CAD, and HKD.

Does GO Markets offer a demo account?

You can open a demo account by rounding out a direct structure on the representative’s site. The demo record will give you admittance to $50,000 in virtual assets to work on trading with.

How quickly are GO Markets withdrawals processed?

GO Markets mean to handle all withdrawal demands got before 1 pm AEST around the same time, and any got after 1 pm AEST will be prepared the next day. By and large, nearby exchanges might take 1-2 workdays, and global exchanges might require 3-5 days for assets to be cleared.

What is the difference between the Standard & Advanced GO Markets accounts?

Customers will appreciate more tight spreads with the GO Plus+ account; notwithstanding, there will be a commission for each exchange set.

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