GoMarkets Account Types Review

  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.  

💰 Min Deposit: $200
📈 Leverage: Up to 1:500
🏦 Regulators: ASIC, CySEC, FSC, FSA, SCA
 

GO Markets Account Types - A Quick Key Point Overview

  1. ☑️Overview
  2. ☑️GO Markets Accounts
  3. ☑️How to open a GO Markets account
  4. ☑️GO Markets at a glance
  5. ☑️Customer Reviews
  6. ☑️Pros and Cons
  7. ☑️Conclusion
  8. ☑️Frequently asked questions

 

Overview

Overview

 

  • According to research in South Africa, GO Markets is based in Australia and was established in 2006.
  • Go Markets has offices in Australia, Cyprus, Mauritius, Seychelles, and the UAE.
  • As the industry and clients’ expectations keep evolving, GO Markets has positioned itself as a leading and trusted Australian-regulated broker, committed to refining its technology and client education to provide tailored services.
  • GO Markets currently offers a spread-based and commission-based trading account with more than 600+ tradeable CFD instruments, including Forex, Indices, Commodities, and Cryptocurrencies. 

 

GO Markets Accounts

  • GO Markets provides two main account types that each have unique trading conditions and serve the purpose of providing traders with a dynamic trading experience and environment, along with the best pricing schedule.
  • The main charge is through spreads on a standard account.

  The GO Markets accounts include:

  • Standard account
  • GO Plus+ account

  GO Markets Accounts  

Standard Account

  • Suitable for beginners and more experienced traders, and has the following features:

 

GO Plus+ Account

  • For more experience with truly competitive trading conditions, along with the following advanced features:

 

Demo Account

Go Markets Demo Account

 

  • 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 who would like to explore GO Markets’ trading conditions in a risk-free environment, and Traders who wish to test their trading strategies in a mimicked live trading environment without risking their capital.

  It can be done within a few minutes, and as soon as the trader is registered, demo trading can commence once either MetaTrader 4 or MetaTrader 5 has been installed on one of the following:

  • Desktop PCs that use Linux, Windows, and macOS
  • Mobile devices such as tablets and smartphones that run Android or iOS operating systems.
  • Alternatively, traders can easily access the trading platforms from their web browser and use their credentials to sign into their GO Markets Demo Account using either MetaTrader 4 or MetaTrader 5’s WebTrader.
  • MetaTrader 4 and MetaTrader 5 are two of the most popular and user-friendly trading platforms used by thousands of traders and offered by numerous brokers due to technological advancements in providing traders with the best trading experience.

 

Islamic Account

  •  GO Markets does not offer an Islamic account, also known as a swap-free account option. The purpose of an Islamic Account is that it caters specifically to Muslim traders who strictly follow Sharia law, which prevents its followers from paying any interest, such as overnight fees, which are seen as wasteful or exploitive.
  • Overnight fees are charged if 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.
  • GO Markets does not offer Muslim traders who follow the Shariah Law the option to convert any of the live accounts offered into an Islamic Account to exempt Muslim traders from having to pay interest, such as overnight fees or swaps.

 

💰 Min Deposit: $200
📈 Leverage: Up to 1:500
🏦 Regulators: ASIC, CySEC, FSC, FSA, SCA
 

How to open a GO Markets account

[video width="1920" height="1080" mp4="/storage/images/2022/09/How-to-GO-MARKETS-.mp4"][/video]  

Step 1: Navigate to the GO Market homepage

  • Select the "Account types" bar and the trading account you would like to open with Go Markets

 

Step 2: Choose between a demo account and opening a live account.

  • Open the GO Markets account page and can then select the option  ‘Try free demo’ from the homepage to sign up for the GO Markets demo account.

 

Step 3: Fill in Your Personal Details.

  • Once redirected to the accounts registration page, which contains the online application form.
  • Traders must complete the required fields with their First and Last Name, email address, mobile number, preferred trading platform, account type, and base currency.

 

Step 4: Confirmation of Registration.

  • A password will be sent to your mobile number. A download for the trading platform the trader chose will automatically start, and details can be filled in below to start trading.

 

Step 5: Log in to the Client Portal with your details to start trading.

  The GO Markets review is simple and easy.

  • Similar to a bank, if you want to register a forex trading account with GO Markets for the first time, you will be required to go through a basic “know your customer” process, which will allow GO Markets to make sure that your submitted personal details are correct.
  • This will also ensure the safety of your funds and that your account details are secure. After the initial registration, you will normally be emailed your login details that will correspond to a login on a trading platform matching your type of account.
  • The process to open a new live trading account with GO Markets is quick and easy, with dedicated support to help you on your way.
  • Applicants from outside Australia must check their local laws and regulations before applying for an account.
  • GO Markets does not accept live account applications from clients resident in countries such as Israel, Belgium, Canada, Japan, New Zealand, Turkey, the United States of America, and Vietnam (among others).

 

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GO Markets at a glance

📅 Year Founded2006
📍 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 AccountNo
🔘 Products Offered Forex, Share CFDs, Indices, Metals, Commodities, Cryptocurrencies
👮 Is GO Markets safe to trade on? Yes
⭐ Trust Score 98%
💰 Minimum Deposit $200 / 3 200 ZAR
👍 Demo Trading Account available Yes
💳 Deposit with credit/debit account Yes
💳 Deposit with Bank WireYes
💳 Deposit with Neteller Yes
💳 Deposit with Skrill Yes
⏱️ Deposit Processing Time Instant (depends on method)
💰 Maximum Leverage ASIC and CySec Jurisdictions 1:30 ROW Jurisdictions 1:500
💰 SpreadsStart from 0
💰 Minimum Lot Size0.01
💰 Maximum Lot Size 40+
📝Sign up👉 Open Account
 

Customer Reviews

  • Customer reviews for GO Markets are generally positive, highlighting the broker’s reliability, fast execution, and excellent customer service.
  • Traders appreciate the user-friendly interface of MetaTrader platforms and the competitive spreads, especially on the GO Plus+ account. Many users commend the smooth deposit and withdrawal processes, as well as the helpful and responsive support team.
  • Educational resources and trading tools like VPS and Autochartist are also praised by newer traders.

 

Customers Ratings

🌐 Platform📝 Feedback Summary⭐ Rating
Myfxbook logo
58 reviews, overall 3.3/5users highlight good service, stable platform, occasional fee concerns.3.3 / 5
TrustPilot Logo
498–500 reviews, 4.8/5; 86% 5-star, 9% 4-star, <1% 2/1-star. Fast support, reliable withdrawals praised.4.8 / 5
 

Pros and Cons

✅ Pros❌ Cons
Well-regulatedUS, Israel, Belgium, Japan, Turkey clients not accepted
Segregated client fundsFixed spread accounts not offered
 

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 the 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: 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.

 

You might also like:

GO Markets ReviewGO Markets Demo Account – Step by StepGO Markets Fees and SpreadsGO Markets Minimum Deposit GO Markets Sign up Bonus

 

Frequently asked questions

 

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 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 an Islamic Account.  

Which live trading accounts does GO Markets offer?

GO Markets offers the following trading accounts:

  • Standard Account
  • GO Plus+ Account

 

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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