In this guide

  • Review
  • Details
    • Share trading details
    • Forex details
    • CFD details
  • Frequently asked questions
  • Your reviews
  • Ask a question
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GO Markets review: A trading platform for stocks, forex and CFDs

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GO Markets Share Trading
2.8
★★★★★
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Standard brokerage fee
$7.70
Available markets
ASX
Support
Phone, Email, Live chat
General information only. All forms of investments (and in particular, trading CFDs, commodities and forex) carry significant risk, including the risk of losing more than the invested amounts, market volatility and liquidity risks. Past performance is no guarantee of future results. Such activities are not suitable for most investors.

Summary

Go Markets is a full service broker that allows Australian investors to buy ASX shares and trade forex and other CFD products.

GO Markets is an Australian online share trading and CFD broker. It offers multiple account options depending on what you're after. If you plan to buy and sell shares directly, you can sign up to the Go Markets Share Trading Platform to access ASX stocks. If you prefer to trade forex or other CFD products, you have the Go Markets' CFD trading accounts.

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.
  • Easy access. You can access your GO Markets trading account from your PC, Mac, iOS or Android mobile device.

Cons

  • Limited trading. 24/5 trading and live chat.
  • No guaranteed stop-loss. GO Markets does not provide guaranteed stop-loss orders to traders.
  • No direct global market access. You can only purchase ASX stocks directly - global stocks are only available via CFDs.

In this guide

  • Review
  • Details
    • Share trading details
    • Forex details
    • CFD details
  • Frequently asked questions
  • Your reviews
  • Ask a question

Details

Share trading details

Type of broker Online, Mobile
ASX products Shares
Available markets ASX
Standard brokerage fee $7.70
Support Phone, Email, Live chat
More Info

Forex details

Type of broker Online/ Mobile/ Full Service
Available markets Forex, commodities, cryptocurrency, share CFDs, indices, metals
Minimum Spreads for Major Currencies From 0.1 - 0.3 pips
Commission $0
Minimum opening balance $200
Minimum Trade Size 0.01 lot
Leverage 1:1 - 30:1
Platforms MetaTrader 4
MetaTrader 5
Mobile Trading Platforms
WebTrader
Social Trading: Myfxbook
Support Phone, email, live chat

CFD details

Type of broker Online/ Mobile/ Full Service
Available CFD markets Commodities, Cryptocurrencies, Global Stocks, Indices, (CFDs only)
Commission - ASX 200 Shares $0
Minimum Opening Deposit $200
Platforms MetaTrader 4
MetaTrader 5
WebTrader
Mobile Trading Platforms
Support Phone, Email, Live Chat
More Info

About Go Markets

Go Markets is a trading platform that offers both share and ETF trading and CFD trading accounts.

The Go Markets Share Trading account lets you directly buy and sell ASX stocks and ETFs while the CFD account GO WebTrader offers leveraged CFD trades on shares, forex, commodities, metals and indices.

What are the share trading account fees?

You will pay a flat brokerage of $7.70 on trades of up to $100,000. After that brokerage is 0.05% of your trade value.

What are the CFD trading fees?

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

InclusionsStandard AccountPlus+ Account
Minimum opening deposit$200$200
Minimum contract size0.01 (micro lot)0.01 (micro lot)
Leverage1:1 - 30:11:1 - 30:1
Commission$0AUD$3.00 per side (1 standard contract)
SpreadsFrom 0.8 pipsFrom 0.0 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 casual traders, 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 CFD 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.

Go Markets CFD features

FeatureDescription
Spread feeYes. Standard Account from 0.8 pips. Plus+ Account from 0.0 pips.
Education and resourcesYes. Video tutorials and trading webinars are available.
Does it offer fixed spreads?No
LeverageLeverage of 1:1 - 30:1
Is it MetaTrader supported?Yes
Minimum deposit required$200
Compatible devicesWindows, Mac iOS, iPhone and Android
Guaranteed stopsNo
Payment methodsBank transfers, BPAY, Skrill, Neteller, PayID and credit/debit card deposits
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), commodities (gold, silver and oil) and indices.
  • MT4 is mobile friendly, allowing you to trade remotely or on-the-go.

Available 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

Trade CFDs on cryptocurrency

You might find trading cryptocurrency futures to be an attractive alternative to buying outright.

You don't need your own cryptocurrency wallet, and as you're speculating on prices using CFDs, you can still benefit from changes in value, whether up or down.

GO Markets lets you speculate on bitcoin and Ethereum, offering:

  • BTC/USD
  • ETH/USD

In both cases you can trade up to 20:1 fixed leverage positions.

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.
  • To fill out the form you will need to:
    • Provide your name, date of birth and contact details
    • Complete a questionnaire about your knowledge of margin forex and CFDs
    • Provide proof of ID
    • Choose your account type and arrange the relevant minimum opening deposit

    GO Markets responds to all new account enquiries within 24 hours.

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, Commodities and Indices with up to $100,000 in virtual funds.

Frequently asked questions

This information is general in nature and is no substitute for professional advice. It does not take into account your personal situation. This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for most investors. You do not own or have any interest in the underlying asset. Capital is at risk, including the risk of losing more than the amount originally put in, market volatility and liquidity risks. Past performance is no guarantee of future results. Tax on profits may apply. Consider the Product Disclosure Statement and Target Market Determination for the product on the provider's website. Consider your own circumstances, including whether you can afford to take the high risk of losing your money and possess the relevant experience and knowledge. We recommend that you obtain independent advice from a suitably licensed financial advisor before making any trades.

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