go-markets

Get started with forex trading using GO Markets

With access to the world’s largest and most liquid market, GO Markets makes forex trading simple, efficient and profitable.

Founded in Melbourne in 2006, GO Markets is an online financial services provider for forex trading services. Touted as one of the first brokers to successfully establish the MetaTrader 4 (MT4) trading platform, it offers trading in Margin FX and CFD as well as trading in Binary Options and Physical Bullion to both individual and institutional clientele.

Currency pairs

Using the MT4 platform, GO Markets offers over 50 forex pairs for trade, including the major currency pairs below:

  • EUR/USD
  • USD/JPY
  • GBP/USD
  • USD/CHF
  • USD/CAD
  • USD/AUD
  • USD/NZD
  • EUR/JPY

What trading levels are available with GO Markets?

GO Markets offers two types of trading accounts and three trading position sizes.

InclusionsStandard AccountPro Account
Minimum opening deposit$200$1,000
Minimum contract size0.01 (micro lot)0.01 (micro lot)
Maximum leverage300:1300:1
Commission$0AUD$3.50 per side (1 standard contract)
SpreadsFrom 1.2 pipsFrom 0.5 pips

All account holders have 24/5 access to support teams and analysts.

GO Markets asks that you allow 1-2 days for withdrawals within Australia and 3-4 for international users.

InclusionsStandard ContractMini ContractMicro Contract
Trade size (units of currency)100,00010,0001,000

For beginners, GO Markets suggests a standard account in conjunction with either a mini or micro contract, limiting risk while you experiment.

You will enjoy tighter spreads with a Pro Account, but you’ll also incur a commission for every trade you place.

What trading platforms are available?

MetaTrader 4 is the platform of choice for GO Markets, and Mac, PC and mobile versions are offered for users who want to trade absolutely everywhere they go.

MT4 is compatible with Mac OS, Windows, iPad, iPhone and Android devices; simply download the software to your computer, tablet or smartphone  and you will able to access the platform wherever you need.

Long considered the trading platform of choice, GO Markets now offers MT4 Genesis, which is an enhanced tool suite for MT4 that works for Commodities, Indices and Forex.

Features look up table

FeatureDescription
Spread feeYes. Standard Account from 1.2 pips. Pro Account from 0.5 pips.
Education and resourcesYes. Video tutorials and trading webinars are available.
Does it offer fixed spreads?No
LeverageMaximum of 300:1
Is it MetaTrader supported?Yes
Minimum deposit required$200
Compatible devicesWindows PC, Mac and mobile
Guaranteed stopsNo
Payment methodsPOLi, bank transfers, BPAY, Skrill and credit/debit card deposits
Promotional bonus
  • Bonus MT4 Genesis, Autochartist and/or Trading Central (for initial deposits over $500)
  • Cashback Refund Offer (on net trading losses of up to $250 within the first 30 days)
  • Refer A Friend’ and receive $100 cash bonus in your account
24-hour tradingNo
Demo account available?Yes

What are the benefits of using this provider?

  • A virtual private server (VPS) is free to users with a live trading account, who maintain a minimum of $3,000 per month (the service is otherwise available to users at $30 per month).
  • Access to Forex (50+ currency pairs), Binary Options, Commodities (gold, silver and oil) and Indices.
  • MT4 is mobile friendly, allowing you to trade remotely or on-the-go.

What are the pros and cons of using GO Markets?

Pros

  • Free education and training tools. GO Markets offers webinars and video tutorials for both beginners and veteran traders who may need a refresh.
  • Live chat. Connect with Expert Advisors (EAs) for trading advice and expertise.
  • Three step activation. Simply open a live account, load funds and start trading.

Cons

  • Limited trading. 24/5 trading and live chat.

How do I sign up?

GO Markets offers an easy online form for individual applicants to complete. You will need to provide a couple of details before you proceed:

  • The account type you want to register.
  • A basic knowledge of Margin FXs and CFDs (questionnaire is included in application).
  • The minimum opening cost pertaining to your selected account type.

If you’re unsure of whether you want to open an account with GO Markets, a free demo account is available for you to explore. Practice trading in Forex, Binary Options, Commodities and Indices with up to $100,000 in virtual funds.

Common questions about Go Markets, answered below

What base currency can I hold my funds in?

You can hold your funds in one of the following currencies: ­USD, EUR, GBP, NZD, AUD or SGD.

Do you charge any deposit or withdrawal fees?

GO Markets does not charge internal fees for either deposits or withdrawals. International clients will have to check with their banking institution as to whether any transfer fees apply. Transaction fees may apply to credit cards and PayPal.

Do you prohibit any trading styles, and how long do I need to hold a trade open for?

GO Markets does not prohibit any trading style and will allow you to open and close your trade as you like.

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