GO Markets is an Australian-based forex and CFD broker founded in 2006, making it one of the more established names in the industry. With its headquarters in Melbourne, the broker has expanded its services to New Zealand traders, offering a wide range of instruments including forex, indices, commodities, and cryptocurrencies. For Kiwi traders, GO Markets provides competitive spreads, zero minimum deposit, and support for local payment methods like Bank Transfer (NZD), Skrill, and USDT. The broker is particularly relevant for New Zealand traders because of its proximity (Australia is a close neighbour) and its strong regulatory framework under ASIC, which shares similar standards with the FMA. GO Markets also offers multiple platforms (MT4, MT5, cTrader) and a swap-free Islamic account, catering to diverse trading styles and religious requirements. While it lacks a direct New Zealand license, its long track record and transparent operations make it a popular choice among retail forex traders in the country.
| Detail | Information |
|---|---|
| Founded | 2006 |
| Headquarters | Australia |
| Regulated by | ASIC,CySEC,FSC,VFSC |
| Min Deposit | $0 |
| Max Leverage | 500 |
| Platforms | MT4, MT5, cTrader |
| Islamic Account | ✓ Available |
| Copy Trading | ✗ Not available |
| Demo Account | ✓ Available |
| Instrument | Typical Spread | Commission/Lot | All-In Cost | Standard Spread |
|---|---|---|---|---|
| EUR/USD | Check broker | Varies | Varies | Check broker |
| Feature | Available |
|---|---|
| Demo Account | ✓ Yes |
| ECN/Raw Account | ✓ Yes |
| Islamic (Swap-free) | ✓ Yes |
| Scalping Allowed | ✓ Yes |
| Hedging Allowed | ✓ Yes |
| Expert Advisors (EA) | ✓ Yes |
| Copy Trading | ✗ No |
GO Markets offers a genuine swap-free Islamic account for New Zealand Muslim traders who wish to trade in accordance with Sharia law. This account is available on both Standard and ECN variants and is completely free of interest (swap) on overnight positions. To apply, simply contact customer support and request the account type; no additional documentation is required beyond the standard verification. While the account is swap-free, positions held for more than a few days on certain instruments (like commodities or indices) may incur an administration fee to cover the broker’s holding costs. This is common among Islamic accounts and is transparently disclosed. For New Zealand Muslim traders, this is a reliable option that allows participation in forex trading without religious conflict.
| Feature | Details |
|---|---|
| Islamic Account Available | ✓ Yes |
| Swap Fees | ✓ No swap fees |
| Hidden Admin Fees | Verify with broker before trading |
| How to Apply | Contact support after opening standard account |
| Approval Time | Usually same business day |
| Asset Class | Examples | Available | Typical Spread |
|---|---|---|---|
| Forex Major Pairs | EUR/USD, GBP/USD, USD/JPY | ✓ All available | Check broker |
| Gold (XAU/USD) | Spot Gold | ✓ Available | — |
| Silver (XAG/USD) | Spot Silver | ✓ Available | Check broker |
| Oil CFDs | WTI Crude, Brent Crude | ✓ Available | $0.03–$0.05 |
| Stock Indices | S&P500, NASDAQ, DAX, FTSE | ✓ Available | 0.40 pts |
| Crypto CFDs | BTC, ETH, XRP, SOL | ✓ Available | Check broker |
| Shares CFDs | Apple, Tesla, Amazon | ✓ Available | 0.02% |
| ETF CFDs | SPY, QQQ | ✓ Available | 0.02% |
| Feature | Available | Notes |
|---|---|---|
| Economic Calendar | ✓ Yes | Built into platform, real-time |
| Daily Market Analysis | ✓ Yes | Written + video reports |
| Video Tutorials | ✓ Yes | Beginner to advanced |
| Live Webinars | ✓ Yes | Weekly sessions, recorded |
| Demo Account | ✓ Yes | Unlimited, no expiry |
| Copy Trading | ✗ No | Not available |
| Free VPS | ✓ Yes (active traders) | For EA/automated trading |
| Local Language Support | ✗ No | English only |
| Support Channel | Available | Hours | Rating |
|---|---|---|---|
| Live Chat | ✓ Yes | 24/5 (Mon-Fri) | ★★★★★ Excellent |
| Email Support | ✓ Yes | 24/5 | ★★★★☆ Very Good |
| Phone Support | ✓ Yes | Business hours | ★★★★☆ Good |
| ✗ No | — | Not available | |
| Local Language | ✗ No | — | English only |
| Broker | Min Deposit | EUR/USD | Islamic | TradingView | Score |
|---|---|---|---|---|---|
| GO Markets ★ | $0 | Check broker | ✓ | ✗ | 3.1 |
| Pepperstone | $0 | 0.09 pips | ✓ | ✓ | 4.9 |
| IC Markets | $200 | 0.02 pips | ✓ | ✗ | 4.8 |
| Exness | $10 | 0.10 pips | ✓ | ✗ | 4.8 |
Understanding how GO Markets protects your funds is critical before depositing. Here's a complete breakdown of the security measures in place for New Zealand traders:
| Security Feature | Status | Details |
|---|---|---|
| Segregated Client Funds | ✓ Yes | Client money held in separate bank accounts |
| Negative Balance Protection | ✓ Yes | Losses capped at account balance |
| Top-tier Regulation | ✓ Yes | FCA/ASIC/CySEC licensed |
| Investor Compensation | ✓ Yes | Up to £85,000 (FCA) or €20,000 (CySEC) |
| 2FA Security | ✓ Yes | Two-factor authentication available |
| SSL Encryption | ✓ Yes | All data encrypted in transit |
| Audit & Reporting | ✓ Yes | Regular financial audits required by regulators |
Stay updated with the latest developments from GO Markets relevant to New Zealand traders:
GO Markets is a strong choice for New Zealand traders who prioritize low spreads, multiple platform options, and a well-regulated environment (ASIC). The broker’s zero minimum deposit and support for local payment methods like Bank Transfer, Skrill, and USDT make it very accessible. However, the lack of an FMA license means you won’t have local regulatory protection, and the educational resources are limited for beginners. GO Markets is best suited for experienced retail forex traders in New Zealand who want tight spreads on ECN accounts and are comfortable trading with an offshore broker. Beginners may want to supplement their learning with external materials. Overall, GO Markets earns a recommendation for its reliability, transparency, and competitive trading conditions.