GO Markets offers 2 account types a standard account and a GO Plus+ account. Accounts vary according to what traders require. GO Markets is regulated and authorized by ASIC, Mauritius FSC, Seychelles FSA, CySEC, and SCA (UAE) in facilitating the trade in more than 600+ tradable financial instruments.
| 📒 Accounts | GO Plus+ Account | Standard Account |
| 💳 Minimum Deposit | $200 | $200 |
| 💸 ZAR Minimum Deposit | R3 200 ZAR | R3 200 ZAR |
| 💰 Spreads | Spreads from 0.0 pips | Spreads from 1.0 pips |
| 💰 Commission | A$3.00 commission per side on standard lot | A$0.00 commission |
| 📌 Open an Account | 👉 Click Here | 👉 Click Here |
Min Deposit USD 200 Regulators ASIC, CySEC, FSC, FSA, SCA Trading Platform MT4, MT5 Crypto Yes Total Pairs 50+ Islamic Account No Trading Fees Low Account Activation 24 Hours
GO Markets Account Types – A Quick 8 Key Point Overview
- ✅GO Market Account Types
- ✅Go Markets Account Features
- ✅Demo Account
- ✅Islamic Account
- Go Markets account types Pros and Cons
- GO Markets at a glance
- Conclusion
- Frequently Asked Questions
👉 Here is an overview of the GO Markets Account types as well as the treading features and benefits offered for each account.
GO Market Account Types
When trading with GO Markets, traders can expect to be provided with two main account types. Each of these accounts is fitted with its own competitive trading conditions, catering to the specific trading needs of traders whether they are beginners or professionals.
Go Markets Account Features
Go Markets Standard Account
👉 The Standard Account is the entry-level account that caters specifically to beginners, advanced, and experienced traders. The features that traders can expect from this account include:
| 📞 Access to dedicated customer support 24 hours a day, 5 days a week. |
| 💻 The appointing of a dedicated account manager. |
| 📉 Variable spreads that start from 1 pip. |
| 💰 Commission-free trading. |
| 📉 Access to trade more than 50 forex pairs, shares, indices, and cryptocurrencies. |
| 📉 Micro lot trading from 0.01 lots. |
| 📉 Leverage up to 1:500. |
| 📌 Access to trading tools and the ability to use Expert Advisors. |
| 📉 Free VPS, however, terms and conditions apply |
| 📈 The use of a variety of trading styles including hedging and scalping. |
| 💰 Base currencies supported – AUD, USD, EUR, GBP, NZD, CAD, SGD, CHF, and HKD. |
| 💰 Minimum deposit requirement of 200 AUD/ 2 200 ZAR. |
GO Plus+ Account
👉 This account type offers traders a powerful trading solution for both high volume traders as well as auto-traders, offering them some of the tightest spreads in the industry. Features that traders can expect include:
| 📞 Access to dedicated customer support 24 hours a day, 5 days a week. |
| 💻 The appointing of a dedicated account manager. |
| 💰 Variable spreads start from 0.0 pips. |
| 💰 Commissions of 3 AUD/ ZAR 33 per side. |
| 📉 Access to trade more than 50 forex pairs, shares, indices, and cryptocurrencies. |
| 📉 Micro lot trading from 0.01 lots. |
| 📉 Leverage up to 1:500. |
| 📌 Access to trading tools and the ability to use Expert Advisors. |
| 📈 Free VPS, however, terms and conditions apply. |
| 📈The use of a variety of trading styles including hedging and scalping. |
| 💰 Base currencies supported – AUD, USD, EUR, GBP, NZD, CAD, SGD, CHF, and HKD. |
| 💰Minimum deposit requirement of 200 AUD/ 2 200 ZAR |
Demo Account
👉 GO Markets offers traders access to a demo account that can be used in a variety of ways, including, but not limited to the following:
✔ A practice account for beginner traders who wish to improve their trading skills and experience in a risk-free environment using virtual funds.
✔ Traders who are evaluating and comparing brokers would like to explore GO Markets’ trading conditions in a risk-free environment.
✔ Traders who wish to test their trading strategies in a mimicked live trading environment without risking their capital.
👉 Registering a demo account with GO Markets is entirely digitalized and hassle-free, with the process taking only a few minutes. Traders are offered the benefit that they can test either of the two live trading accounts along with having access to either MetaTrader 4 or MetaTrader 5.
👉 This allows traders to thoroughly explore the broker’s offering in a risk-free environment and to test out the trading platforms. In addition, traders can explore the platforms’ unique functions and features before traders commit to registering for a live trading account.
👉 Both MetaTrader 4 and MetaTrader 5 are two of the most popular trading platforms in the industry, both where demo trading and live trading is concerned. Both offer traders with rich and dynamic features, tools, charts, and the benefit of high customisability.
Islamic Account
👉 The purpose of an Islamic Account is that it caters specifically to Muslim traders who follow Sharia law. The law prevents its followers from paying any type of interest, such as overnight fees, which is seen as wasteful or exploitive. Overnight fees are charged should traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should they hold positions open for longer.
👉 When trading with GO Markets, Muslim traders are not offered the option of converting their live trading account into that of an Islamic Account. This means that Muslim traders must ensure that they close out any open positions before the trading day concludes.
👉 This is an option that is being offered by more brokers as it allows for brokers to draw in more Muslim traders, helping them expand on their client base while staying a step ahead of other brokers that do not offer this option.
Go Markets Account Types Pros and Cons
| ✔️ Pros | ❌ Cons |
| Well-regulated | US, Israel, Belgium, Japan, Turkey clients not accepted |
| Segregated client funds | Fixed spread accounts not offered |
| Commission-free trading offered | |
| Free VPS access at a monthly subscription for the service | |
| Myfxbook Auto Trading offered | |
| Metatrader 4 and MetaTrader 5 offered | |
| Demo account offered | |
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GO Markets at a glance
| 📅 Year Founded | 2006 |
| 📍 Head Office | Australia |
| ☎️ Head Office Telephone Number | 1800 88 55 71 |
| ⚖️ Financial Regulatory Bodies | ASIC, Mauritius FSC, Seychelles FSA, CySEC, SCA (UAE) |
| 🏦 Publicly Traded | No |
| 👥 Active Traders | 100 000+ |
| 🏆 Awards | Investment Trends (Best Customer Service & Educational Materials |
| 📊 Trading Desk Type | Hybrid |
| 🇺🇸 Accept US Clients | No |
| 🚀 Welcome Bonus | No (allowed in ASIC & CySec entities) |
| 📒 Account Types | GO Plus+ and Standard |
| 🌐 Account Open Languages | English, Indonesia, Chinese, Malaysia, Vietnamese |
| 🛡️ Active Trader or VIP Discounts | Yes |
| ☪️ Islamic Account | No |
| 🔘 Products Offered | Forex, Share CFDs, Indices, Metals, Commodities, Cryptocurrencies |
| 👮 Is GO Markets safe to trade on? | Yes |
| ⭐ Trust Score | 98% |
💰Deposit | |
| 💰 Minimum Deposit | $200 / 3 200 ZAR |
| 👍 Demo Trading Account available | Yes |
| 💳 Deposit with credit/debit account | Yes |
| 💳 Deposit with Bank Wire | Yes |
| 💳 Deposit with Neteller | Yes |
| 💳 Deposit with Skrill | Yes |
| ⏱️ Deposit Processing Time | Instant (depends on method) |
📈 Currencies and Pairs | |
| 📊 Number of Base Trading Currencies | 9 |
| 💰 Maximum Leverage | ASIC and CySec Jurisdictions 1:30 ROW Jurisdictions 1:500 |
| 💰 Spreads | Start from 0 |
| 💰 Minimum Lot Size | 0.01 |
| 💰 Maximum Lot Size | 40+ |
| 👥 Social / Copy Trading | No |
| 📊 Charting | Yes |
| 📊 AutoChartist | Yes |
| 👀 Watch list | Yes |
| 🚨 Trade Alerts | Yes |
💰 Fees | |
| 💰 Deposit Fee | None |
| 💰 Account Opening Fee | Free |
| 💰 Withdrawal fee | None |
| 📒 Spread Type | Variable |
| 💰 Commission Fee | Yes and No |
| 💰 Inactivity fee | No |
| 📍 Open an account | 👉 Click Here |
Min Deposit USD 200 Regulators ASIC, CySEC, FSC, FSA, SCA Trading Platform MT4, MT5 Crypto Yes Total Pairs 50+ Islamic Account No Trading Fees Low Account Activation 24 Hours
Conclusion
👉 Established in 2006, GO Markets is a reputable and well-regulated STP and ECN broker that is based in Australia. The GO Markets Group has offices in Australia, Cyprus, Mauritius, Seychelles, and UAE.
👉 GO Markets is regulated and authorized by the ASIC in facilitating the trade in more than 600+ tradable financial instruments spread across several asset classes including:
🟢 Forex
🟢 Share CFDs
🟢 Indices
🟢 Metals
🟢 Cryptocurrencies
👉 GO Markets offers the use of MetaTrader 4, MetaTrader 5, and Myfxbook through which these instruments can be traded. Traders are also offered a wide range of trading tools such as Myfxbook auto trading, AutoChartist, MetaTrader Genesis, Trading Central, a-Quant Daily Trading Strategies, and VPS.
👉 In addition, beginners have a variety of education to their disposal including trading eBooks, video tutorials, educational courses and webinars, and research tools consisting of news and an economic calendar that displays the latest economic releases.
👉 GO Markets boasts a customer base consisting of more than 80,000 registered traders from around the globe, however, there are certain jurisdictions such as the United States, Canada, New Zealand, Japan, Belgium, and several others that are not accepted.
👉 GO Markets offers competitive spreads and trading conditions, with reliable and fast trade execution in addition to a low latency environment.
Frequently asked questions
Trading environment
How many instruments can I trade with GO Markets?
You can trade the following instruments:
- Forex
- Share CFDs
- Indices
- Metals
- Commodities
- Cryptocurrencies
Which platforms are supported by GO Markets?
MetaTrader 4, MetaTrader 5, Myfxbook.
Does GO Markets offer leverage?
Yes. GO Markets offers maximum leverage of 1:30 to ASIC and CySec Jurisdictions and 1:500 in ROW
What spreads can I expect with GO Markets?
Spreads from as little as 0.0 pips when using the GO Plus + Account.
Does GO Markets charge commission?
Yes. Commissions are of 3 AUD per single side are charged when using the GO Plus + Account.
Are there additional charges on the Islamic account?
GO Markets does not offer an Islamic account
Is GO Markets regulated?
Yes. GO Markets is regulated by ASIC, Mauritius FSC, Seychelles FSA, CySEC, and SCA (UAE)
Is GO Markets a recommended forex trading broker for experts and beginners?
Yes. GO Markets caters to both beginners and experts.
What is the overall rating out of 10 for GO Markets?
8/10.
Accounts
What is the difference between a demo and a live trading account?
A Demo Account is a risk-free account that is funded by virtual money and allows traders to either practice trading, explore the broker’s offering, or test trading strategies in a mimicked live trading environment.
Does GO Markets offer a demo account?
Yes.
For how long is the demo account valid?
The general validity of demo accounts offered by most brokers is 30-days.
Does GO Markets offer the option of an Islamic Account?
No. Go Markets does not offer Muslim traders the option of converting either of the live trading accounts into that of an Islamic Account.
Which live trading accounts does GO Markets offer?
GO Markets offers the following trading accounts:
- Standard Account
- GO Plus+ Account
What are the available deposit currencies for a live trading account?
- AUD
- USD
- EUR
- GBP
- NZD
- CAD
- SGD
- CHF
- HKD
Deposits and withdrawals
What is the minimum deposit for GO Markets?
$200
How do I make a deposit and withdrawal with GO Markets?
- Bank Wire Transfer
- Credit/Debit Cards
- Skrill
- Neteller
- Fasapay
Does GO Markets charge withdrawal fees?
No. GO Markets does not charge any withdrawal fees although traders will need to verify whether their payment provider or banking institution may waive additional fees for withdrawals from the trading account to the trader’s bank account.
How long does it take to make a withdrawal?
This will depend on the method through which withdrawals are made along with the process involved and it can take between one and several business days.
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