Yes, GO Markets Demo Account offers various features for new traders. Opening a Demo account is free of charge, Risk- free and allows traders to have access to the same functions, features, and options that they normally would on a live trading account.
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
GO Markets Demo Account Types – A Key 5 Point Quick Overview
- ✅How to set up a Demo Account – Step by Step guide
- ✅GO Markets Demo Account Features
- ✅Go Markets Pros and Cons
- Conclusion
- Frequently Asked Questions
Here is an overview of the GO Markets Demo Account as well as the features that are offered.
How to set up a Go Markets Demo Account – Step by Step guide
📍 Traders must ensure that they provide the correct mobile number as their password will be sent to this number via SMS. Once the application has been submitted, traders will be redirected to a new page where they will be informed that their login ID has been sent to the email address provided, with the password SMSed to their mobile number.
📍 The download for the trading platform the trader chose will automatically start. Alternatively, if it does not start automatically, traders can use the download link provided on the page to download and install their trading platform. Once the trader has access to their trading platform, they can use their login credentials to access their demo account and start trading.
📍 Setting up a demo account with GO Markets is an easy and straightforward process that consists of the following steps:
👉 Step 1: Navigate to the Go Markets homepage.
Traders can navigate to the GO Markets homepage and select the option ‘Try free demo’ from the homepage to sign up for the demo account.
👉 Step 2: Fill out the Go Markets account registration form
Once redirected to a new page containing 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 3: Confirmation of registration with Go Markets.
A password will be SMSed 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 on the demo account.
📉 A demo account is often referred to as a practice account due to it providing traders with the ability and freedom to explore the broker’s offering without running the risk of incurring losses through the provision of virtual money with which to practice trading.
📉 Beginner traders can use demo accounts to familiarize themselves with a live trading environment, where they can build up their trading skills by actively participating in trades and developing their own trading strategies. Demo accounts are not merely intended only for beginners, but it provides more advanced traders the opportunity to explore what the broker has to offer.
GO Markets Demo Account Features
| 🟢 Free to Open |
| 🟢 $50,000 in virtual funds |
| 🟢 Real time spreads and charts |
| 🟢 Over 80 technical anaylsis tools |
| 🟢 24/5 Multilingual client support |
| 🟢 Access to all types of platforms, products and accounts |
👉 The GO Markets demo account features will depend on the trading platform that the trader uses, whether MetaTrader 4 or MetaTrader 5, in conjunction with the demo account. In other words, the demo account features can be accessed through the trading platform and will depend on GO Markets’ offering with regards to asset classes, financial instruments, spreads, leverage, and so on.
Go Markets Pros and Cons
| ✔️ Pros | ❌ Cons |
| Sign-up for the demo account is quick and hassle-free | None noted |
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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
GO Markets offers traders flexible solutions that cater to a variety of traders, from beginners to professional traders. GO Markets Demo account offers risk-free trading with all the features of a live account.
Frequently asked questions
Can you trade forex with a demo account?
Yes, trade forex in real-time with your demo account. This virtual account mirrors the same market conditions as real trading on a platform.
Is demo trading with Go Markets free?
Yes, as is the case with most brokers, you can open your Go Market demo account absolutely free.
For how long is the demo account valid?
The general validity of demo accounts offered by most brokers is 30-days.
What is the difference between a demo and a live trading account?
A demo account offers the use of virtual funds instead of actual capital. This allows for risk-free trading as well as exploring both the broker’s offer and the trading platform. A demo account can be used for a variety of reasons including practice trading, testing trading strategies, exploring platforms and offers, and more.
Which live trading accounts does GO Markets offer?
No. Go Markets does not offer Muslim traders the option of converting either of the live trading accounts into that of an Islamic Account.
What are the available deposit currencies for a live trading account?
- AUD
- USD
- EUR
- GBP
- NZD
- CAD
- SGD
- CHF
- HKD
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