GO Markets is an Australian-based forex and CFD broker founded in 2006, with headquarters in Melbourne. Over the years, it has grown into a globally recognized brand, serving traders in over 150 countries, including Singapore. For Singapore traders, GO Markets offers a compelling mix of competitive spreads, multiple trading platforms (MT4, MT5, cTrader), and local payment methods like PayNow and bank transfer. While the broker is not directly regulated by the Monetary Authority of Singapore (MAS), it operates under stringent licenses from ASIC and CySEC, providing a high level of security. The broker is particularly suited for sophisticated Singapore traders who value advanced trading tools, fast execution, and a wide range of instruments including forex, indices, commodities, and cryptocurrencies. With no minimum deposit and support for Islamic accounts, GO Markets caters to a broad audience. However, the absence of MAS regulation means traders should perform their own due diligence and understand the protections available under foreign regulators.
| 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 Islamic account (swap-free) for Muslim traders in Singapore. This account is available on both Standard and ECN accounts, and across all platforms (MT4, MT5, cTrader). The account is truly swap-free, meaning no interest is charged or earned on overnight positions. There are no hidden fees or time limits, unlike some brokers that impose a fee after a certain period. To open an Islamic account, Singapore traders simply need to contact customer support after registration or select the option during the account opening process. This makes GO Markets a suitable choice for Muslim traders looking for a Sharia-compliant trading environment.
| 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 Singapore 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 Singapore traders:
GO Markets is a solid choice for Singapore traders who are experienced and comfortable trading with a broker regulated by top-tier foreign authorities like ASIC and CySEC. The broker excels in offering low spreads, multiple platforms (including cTrader), and local payment methods like PayNow. The absence of MAS regulation is a notable downside, but the broker's strong global reputation and client fund segregation provide reasonable security. It is best suited for sophisticated traders who prioritize low costs and advanced tools over local regulatory oversight. For beginners or those who prefer a MAS-regulated broker, alternatives like IG or Saxo may be more appropriate. Overall, GO Markets is a reliable broker for active Singapore traders, but due diligence is essential.