CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

GO Markets

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Home » Reviews » GO Markets

GO Markets Review

Pros

  • Used by 10,000+ traders
  • Established in 2009
  • Regulated by CySEC, ASIC
  • Min. deposit from $1

Cons

A minimum deposit of $1 is required to establish a live account. Alternatively, GO Markets has a demo account that you may use to experiment and become acquainted with their platform.

Regulated by ASIC (AFSL #254963) and CySEC (351644), GO Markets keeps all customer funds in a separate bank account and works with tier-1 institutions to do so. GO Markets has been in operation since 2009, with a headquarters in Australia.

Before we get into the specifics of GO Markets’ spreads, fees, platforms, and trading tools, you may want to open their website in a new tab by clicking the button below to get the most up-to-date information straight from them.

VISIT GO MARKETS

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

What are GO Markets’s spreads & fees?

GO Markets, like most brokers, charges a fee based on the spread, which is the difference between the buy and sell price of an asset.

The commissions and spreads shown here are based on the GO Markets website’s minimum spreads.

ForexGO MarketsCity IndexXTB
EUR/USD(Average: 0.7 pips)0.1 pips0.7 pips0.1 pips
GBP/USD(Average: 1.1 pips)0.3 pips1.7 pips0.1 pips
USD/JPY(Average: 1.1 pips)0.2 pips0.6 pips0.1 pips
AUD/USD(Average: 0.8 pips)0.1 pips0.6 pips0.2 pips
USD/CHF(Average: 2.3 pips)0.8 pips2.3 pips0.2 pips
USD/CAD(Average: 2.9 pips)0.1 pips0.5 pips0.3 pips
NZD/USD(Average: 3.6 pips)0.4 pips2.8 pips0.3 pips
EUR/GBP(Average: 2.4 pips)0.7 pips0.5 pips0.1 pips

Spreads are dynamic and are for informational purposes only.

As you can see, GO Markets’s minimum spread for trading EUR/USD is 0.1 pips – which is relatively low compared to average EUR/USD spread of 0.70 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with GO Markets vs. similar brokers.

SEE ALL SPREADS

How much does GO Markets charge to trade 1 lot of EUR/USD?

If you bought one standard lot of EUR/USD (100,000 units) with GO Markets at an exchange rate of 1.1719 and sold it the next day at the same price, you would most likely pay $0. Here is a general breakdown of the fees and how they compare to IG and XTB.

GO MarketsIGXTB
Spread from:$ 1.00$ 6.00$ 2.00
Commission:$5.00$0.00$0.00
Total cost of a 100k trade:$ 6.00$ 6.00$ 2.00
$0 more$4 less
VISIT GO MARKETSVISIT IGVISIT XTB

All fees/prices are for informational purposes and are subject to change.

What can you trade with GO Markets?

GO Markets provides over 100 different trading products, including over 50 currency pairings. Below, we’ve summarised all of the numerous types of instruments offered by GO Markets, as well as those offered by IG and XTB for comparison.

FX / CurrenciesGO MarketsIGXTB
# of forex pairs offered509048
Major forex pairsYesYesYes
Minor forex pairsYesYes
Exotic forex pairsYesYes
Cryptocurrencies*NoYesYes
Commodity CFDsGO MarketsIGXTB
# of commodities offered3421
MetalsYesYesYes
EnergiesNoYesYes
AgriculturalNoYesYes
Index & Stock CFDsGO MarketsIGXTB
# of stocks offered80001606
UK sharesNoYesYes
US sharesNoYesYes
German sharesYesYesYes
Japanese sharesYesYesYes
SEE GO MARKETS’S INSTRUMENTSSEE IG’S INSTRUMENTSSEE XTB’S INSTRUMENTS

Visit GO Markets

What’s the GO Markets trading experience like?

1) Platforms and apps

GO Markets provides the well-known MT4 forex trading platform. See our MT4 broker comparison for a list of the best MT4 brokers. Traders may trade with their preferred device thanks to the mix of downloading platforms for both Mac and Windows.

They also provide mobile apps for Android and iOS, making it easy to monitor and execute your trades while you are on the move.

SEE GO MARKETS’S PLATFORMS

Still not sure?

Open a practice account & learn to trade

2) Executing Trades

The minimum and maximum trading criteria at GO Markets vary based on the trader and the product. Because GO Markets provides ECN and STP execution, you may anticipate exceptionally narrow spreads and greater transparency in the price you pay to execute your transactions.

As a market maker, GO Markets may have lower entrance criteria than an ECN broker, who usually has greater capital and minimum trading requirements due to a higher number of trades. Market makers generally have a lower minimum deposit, lower minimum trade requirements, and no trading commission.

Margin requirements, like those of other brokers, vary based on the trader, account, and instrument. The most recent margin requirements may be seen on their website.

Finally, we’ve included a list of some of the most popular funding options available to GO Markets traders below.

Trading Features:

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit

Accounts offered:

  • Demo account
  • Mini account
  • Standard account
  • ECN account

Funding methods:

  • Credit cards
  • Bank Transfer
  • PayPal
  • Skrill
  • Neteller

3) Client support

English, French, Chinese, Spanish, and Arabic are among the languages supported by GO Markets.

4) What you’ll need to open an account with GO Markets

Because GO Markets is CySEC and ASIC-regulated, every new customer must pass a few simple compliance tests to verify that you understand the risks of trading and are permitted to trade. When you establish an account, you will most likely be asked for the following information, so have it handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You’ll also need to answer a few basic compliance questions to prove your trading expertise, so allow at least 10 minutes to finish the account opening procedure.

While you may be able to explore their site immediately, it is essential to note that you will not be able to make any transactions until you pass compliance, which can take several days , depending on your situation.

To start the process of opening an account with GO Markets you can visit their website here.

GO Markets

Open a demo account

79% of retail investor accounts lose money when trading CFDs with this provider.

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