GO Markets-Overview Guide of This Broker

General Information & Regulation

GO Markets Ltds parent company, GO Markets Pty Ltd was established in Australia in 2006 as a provider of online CFD trading services. GO Markets is licensed by the Cyprus Securities Exchange Commission (CySec)- Licence No. 322/17 & Australia Securities and Investment Commission (ASIC), AFSL 254963.

Market Instruments

Go Market provides more than 60 tradeable CFD instruments including forex currency pair, indices, metals and commodities.

Minimum Deposit of GO Markets

GO Markets offer two account types: Standard and GO Plus+. Both are available in nine different currencies , the standard account with a minimum deposit of 100 euros and the Go Plus Account with a minimum deposit of 250 euros.

Leverage

GO Market offers competitive leverage up to 1:500 on forex pairs, up to 1:20 on share CFDs, and up to 1:100 on indices. All client accounts are set up with a default leverage rate of 1:100 and depending on account balance, traders can choose a rate between 1:1 and 1:500.

Spreads & Commissions

Spreads ranges from 0.2 to 0.5 pips on major and minor forex pairs, whilst minimum trade size on indices start at 0.1 pips. Other trading costs include commissions (only on the GO Plus+ Account) of A$3.00 per side on a standard lot, as well as swap rates when traders buy or sell a currency pair and hold it overnight.

Trading Platform

GO Markets uses the MetaTrader 4 (MT4) trading platform, a multi-featured Mac and Windows trading software. Clients can also trade on MetaTrader 5 (MT5), a more advanced platform offering superior tools: four types of order execution and six types of pending orders, 80+ technical analysis objects, access to Expert Advisors, hedging and netting, one-click trading. MT4 and MT5 are available for download on Mac and Windows PCs. Apart from these two trading platforms, Go Market also provides a webtrader platform and social trading platform-My fxbook.

Deposit & Withdrawal

GO Markets offer a range of account funding options in multiple base currencies via Bank wire transfer, Mastercard & Visa, Fasapay, Neteller, Skrill,BPAY, Poli. There are no deposit fees on the part of the broker. All deposit options offer instant processing, apart from bank wire transfer and BPAY, which can take up to three days. Withdrawal requests at GO Markets can be submitted via the secure online client portal. Withdrawal requests received before 1 pm AEST will be processed that same day.

Trading Hours

Trading hours for forex run from Monday 00:00 to Friday 24:00 (GMT+3). For precious metals and commodities, a specific trading hours schedule can be found on the Commodities page on the brokers website.

Customer Support

GO Markets multi-lingual customer support service can be contacted 24/5 via: Email, Live chat, Telephone number.

Accepted Counrties

GO Markets accepts traders from Australia, Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.