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About the company:
GO Markets, an Australia-based broker, is regulated by the Australian Securities and Investments Commission (ASIC). GO Markets is a major trading service provider in international financial markets. The company cooperates with both private traders and institutional investors around the globe. The broker aims at maintaining its status as a reliable and leading regulated Australian broker.
GO Markets strives to provide its customers with the best trading conditions through reliable service, transparent pricing, and stable platforms.
In order to ensure the security of client funds, the company holds them in segregated accounts of the National Bank of Australia (NAB), separately from its own bank account.
Trading conditions
The broker offers over 350 CFD instruments, including currency pairs, stocks, indices, commodities, and cryptocurrencies. Customers can choose from standard or go+ accounts. Their differences and advantages are described on the broker`s official website. The minimum deposit amounts for standard and go+ accounts are $200 and $500, respectively. GO Markets allows trading advisors, hedging, scalping. In addition, it offers social trading from Myfxbook.
Beginners can benefit from educational courses, trading articles, seminars, webinars, as well as a free Forex tutorial. Besides, the company provides its clients with technical analysis, an economic calendar, and up-to-date Forex news. However, there are no demo accounts and bonus programs.
Trading platforms
GO Markets is one of the few brokers offering both MetaTrader platforms: MetaTrader4 and MetaTrader5.
Support service
The broker`s chat bot ensures quick contact with the support team. To use it, all you need is to fill out the pop-up contact form and ask your question. Apart from that, you can contact the company manager by phone, including international calls, as well as through e-mail. The company`s official website does not include information on the working hours of the customer service.
Deposit and withdrawal of funds
The broker offers standard ways to deposit and withdraw funds: bank wire; Visa, MasterCard credit cards; and Skrill, Neteller, Poli, Bray transfers.
Feedback from traders
Traders have quite positive views of the company`s work, noting profitable spreads, as well as abundant information and educational platform. However, clients complain about problems with depositing and withdrawing funds. Some traders believe that this is not the best broker for scalping.
Advantages and disadvantages
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Conclusion
Competitive trading conditions and favorable trading environment allowed GO Markets to become a leader. This regulated broker offers its customers flexible trading terms and provides them with access to the most popular trading floors.
GO Markets used to be my favorite broker, but now they are so terrible. Their orders execution is very awful 4-6 times requote when try to execute orders. Another nasty thing is their withdrawal system. My last withdrawal of $600 takes 3 weeks because of a technical problem they were unable to send the verification code to my email. I heard that the same trouble happened with several traders. In addition, this trouble did not resolve yet. I would prefer to stay away to trade with them.
I was open a mini account with Go Markets and now left trading with them. It's not fair and when it sees that you are getting a good amount of money, it blocks the account. That happened to me after 8 months of trading. I am a good analyst and with all the material they provide, I made good forecasts, so I got around $1000 in 6 months and $1,500 more 2 months later. But after this time, they sent me an email telling me that I could only withdraw $500 because they saw something illegal with those earnings, so the account would be blocked. I didn't use any illegal strategy or something related to it. That's why I warn you about this broker.
I have a profitable with Go Market on the WebTrader platform, really this platform execute instantly and I can find a clear charting tool and live price quotes. Also, I've followed their signals and my deals became profitable, As I can earn $750. which able to withdraw via Skrill account within four hours. So I say Go Market is a profitable and reliable broker from my experience.
I don’t trust this broker and my instincts did not let me down this time, too. They cancelled my profits and wouldn’t pay me my money. Their customer support was really rude and unprofessional. The major problem with them is they are not regulated and the spreads they offered are very high to rip you off. It is not safe to take position when there is an upcoming event in this broker, do not plan to invest here. Before starting investing with a broker, I suggest to understanding very well the regulations they provide.
Go Markets is a regulated broker that is why I chose to open an account with them. They have a segregated account for their clients' funds. The overall trading experience is also great. The platform runs properly and I haven't encountered and technical issue so far. They also regularly update their tools in order to keep up with the advancements in the industry.