Question 1

Is GO Markets beginner-friendly?

FXScope Intelligence Lab · Accepted Answer

Yes, GO Markets is highly beginner-friendly. The broker offers a comprehensive educational ecosystem through its GO Trade Academy, which provides FREE high-quality content for all trading levels. Beginners can start with a free demo account featuring $50,000 in virtual funds, real-time spreads, and over 80 technical analysis tools. The platform includes extensive educational resources such as MetaTrader 4 & 5 video tutorials, an 'Introduction to Forex' course for new traders, and weekly Inner Circle group coaching sessions for ongoing education. The minimum deposit requirement of AUD 200 makes it accessible, and the broker provides 24/5 multilingual support to assist newcomers throughout their trading journey.

Question 2

Is GO Markets regulated and safe?

FXScope Intelligence Lab · Accepted Answer

Yes, GO Markets operates under strong regulatory oversight across multiple jurisdictions. The broker has three regulated entities: GO Markets Australia (regulated by ASIC - Australian Securities and Investments Commission), GO Markets Cyprus (regulated by CySEC - Cyprus Securities and Exchange Commission), and GO Markets Mauritius (regulated by FSC - Financial Services Commission). GO Markets has been operating since 2006 with a clean track record and no major regulatory issues. The broker keeps client funds in segregated accounts and provides negative balance protection, ensuring client capital security across all entities.

Question 3

What are GO Markets' trading costs and spreads?

FXScope Intelligence Lab · Accepted Answer

GO Markets offers two main account types with different cost structures. The Standard Account features commission-free trading with spreads starting from 1.0 pips, making it suitable for casual traders. The GO Plus Account charges higher commissions but provides very tight spreads on trading instruments, ideal for active traders. The broker operates with a default 1:100 leverage, which traders can adjust from 1:1 to 1:500 maximum. However, leverage is limited to 1:30 for Australian and European clients due to regulatory requirements by ASIC and ESMA respectively.

Question 4

What trading platforms does GO Markets offer?

FXScope Intelligence Lab · Accepted Answer

GO Markets provides multiple trading platforms to suit different trader preferences. The primary platforms include MetaTrader 4 (MT4), MetaTrader 5 (MT5), and WebTrader for browser-based trading. In 2024, the broker also added cTrader to its platform lineup. All platforms are available as mobile applications for both Apple and Android devices, enabling trading on-the-go. The platforms support automated trading through Expert Advisors (EAs) and provide access to hundreds of trading instruments across forex, indices, metals, commodities, and stocks.

Question 5

What are GO Markets' minimum deposit and funding options?

FXScope Intelligence Lab · Accepted Answer

GO Markets requires a minimum deposit of AUD 200 to open either Standard or GO Plus accounts. The broker supports multiple funding methods including international bank transfers, major credit and debit cards, and various online e-wallet services. Trading accounts can be opened in 9 different base currencies (USD, SGD, CHF, CAD, HKD, AUD, EUR, GBP, NZD) to avoid conversion fees. Unfortunately, GO Markets does not currently support cryptocurrency deposits or withdrawals. The broker processes withdrawal requests within 2-3 working days according to client feedback.

Question 6

What markets can I trade with GO Markets?

FXScope Intelligence Lab · Accepted Answer

GO Markets offers access to a wide range of trading instruments across multiple asset classes. Currency traders can access 50+ forex pairs based on major and minor world currencies. The broker also provides 12 Indice Cash CFDs plus 2 Index Futures, 2 Metal Spot CFDs (Gold and Silver), energy trading through 2 Energy Spot CFDs and 2 Energy Futures (Crude Oil WTI and Brent), and over 300 Stock CFDs based on Australian and US company shares. This comprehensive offering allows traders to diversify their portfolios across different markets and trading strategies.

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