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GO Markets Review: Forex Broker & Trading Markets | Legit or a Scam

Go Markets
Score

3/5

Min Deposit

$0

Min Spread

Variable

Regulation

FSC, ASIC, CySEC

Max Leverage

1:500

Positive Ratings
70%
Neutral Ratings
20%
Negative Ratings
8%

Company Summary

Aspect Information
Registered Country/Area Seychelles, Australia, Cyprus
Founded Year 15-20 years
Company Name GO Markets
Regulation FSC, ASIC, CySEC
Demo Account Available
Minimum Deposit $0
Maximum Leverage 1:500
Spreads Variable spreads
Trading Platforms cTrader, MetaTrader 4 and MetaTrader 5.
Customer Support Email, Live Chats, Contact Forms and Calls
Payment Methods Bank transfers, Cards, Ewallets, and Wire Transfers

GO Markets Overview

Introduction

GO Markets is an online, user-friendly trading platform. It offers multiple trading opportunities and advanced tools. The platform is created to cater to the needs of different trades.

In this review, we will be discussing the key elements of the platform. These include account types, assets, security, fees, and transactions. Lastly, this review will help us determine the legitimacy of the platform.

GO Markets Overview

GO Markets is a well-regulated and established trading platform. It offers traders advanced security features while trading. The platform is registered and operated under ASIC, FSC, and CySEC. These are some top-tier financial authorities that supervise the transactions and trading process.

GO Markets operates on top trading platforms like cTrader, MetaTrader 4, and MetaTrader 5. These platforms are responsible for offering advanced trading tools and resources. The platform ensures a smooth trading process.

Trading Instruments Offered by Go Markets

Trading products are the major aspect of a trading platform. At GO Markets, traders can access a wide range of assets. This helps them create a diversified portfolio and discover global markets. The major assets are:

Forex

GO Markets allows traders to invest in global currency pairs. The platform offers 24-hour forex trading with tight spreads and high-leverage options.

Commodities

With GO Markets you can easily access CFD trading in global resources. This offers trading in the world’s most liquid markets with low trading costs.

Shares

The platform offers traders the opportunity to invest in Australian and US-listed shares. Traders can take benefits from the market movement and get 1:20 leverage.

Cryptocurrencies

GO Markets allows traders to invest in popular digital currencies. Traders also get access to the crypto market 24/7.

Trading Instruments Offered by Go Markets

Account Types available on Go Markets

GO Markets provides traders with multiple trading accounts. These two accounts are created for traders with different needs and experience levels. The major features are:

Standard Account

These are basic account types created for beginners. The platform offers zero-commission trading with tight spreads. The platform provides fast execution for traders around the globe.

GO Plus+ Account

These accounts are designed for traders with more experience. The account has low spreads starting from 0.0 pips. Also, the account includes a commission of 2.50 dollars per side.

Apart from this, the platform offers demo accounts. These demo accounts are part of a practice that makes it easier for beginners to do trading without losing real money.

Account Types available on Go Markets

Deposits and Withdrawals Options on GO Markets

GO Markets provides traders with multiple payment options. The platform offers traders simple and quick transactions. The broker offers different payment methods that make it easier for global traders to invest without worries. It includes cards, e-wallets, wire transfers, and bank transfers.

The platform provides quick deposits in less than an hour, whereas the withdrawal can take up to two to three days.

Account Types available on Go Markets

Security and Regulations

GO Markets provides traders with advanced security measures. The platform has been regulated by top-tier financial authorities. These include authorities like ASIC, CySEC, and FSC. The regulatory bodies ensure that the platform adheres to the industry standard of security measures.

The platform is encrypted by SSL. These encryptions enhance the security of the client’s data and funds.

The platform also offers negative balance protection. This eliminates the risk of losing funds.

Fees and Commission

At GO Markets, there is a lack of information about the additional charges involved. The only information available is about the commissions involved in accounts. Standard accounts offer commission-free trading, whereas the GO Plus account incurs small charges.

Apart from these, there is no detailed structure for the fees and commissions. This affects the cost calculation during trading.

Customer Support

GO Markets provides dedicated and responsive 24/7 customer support. The platform lets you connect with the audience via multiple channels. These are live chats, emails (support.mu@gomarkets.com), contact forms, and calls (+230 5869 0074).

The platform also offers face-to-face support via physical offices at some locations.

Apart from this, the platform has dedicated FAQs and educational resources. These resources include webinars, events, and video tutorials.

Is GO Markets a Scam?

GO Markets is a regulated and registered trading platform. The regulatory status makes it a reliable trading platform. These regulations ensure that the platform maintains security standards. GO Markets offers traders clear and transparent trading opportunities for seamless trading.

The platform provides features like stop loss, negative balance protection,  SSL encryption, and two-factor authorization.

Lastly, this review ensures the platform is credible and secure for your trading practices.

Conclusion

GO Markets is a registered and recognized trading platform that offers multiple trading instruments, competitive fees, and dedicated customer support. It is regulated by CySEC, ASIC, and FSC. The regulations ensure that the platform offers a secure trading atmosphere.

The competitive pricing and leverage options make it easier for traders. Overall, GO Markets has grown as a credible and trustworthy trading broker.

  • Well Regulated Trading Platform
  • Advanced Trading Tools
  • Lack of Information about Fees
FAQs

FAQs

Is GO Markets regulated?

Yes, GO Markets is a well-regulated trading platform. It is registered under ASIC, FSC, and CySEC.

What trading platforms does GO Markets offer?

The platform offers access to multiple platforms including MT4, MT5, and cTrader.

Does GO Markets charge commissions?

GO Markets trading platform offers commission-free trading for standard accounts and charges commissions on the go plus accounts.

What is the minimum amount required to start trading?

There is no specified minimum deposit to create an account at GO Markets.

Does GO Markets offer an Islamic account?

No, the platform does not offer swap-free trading or specified Islamic accounts for Muslim Traders.

What assets can I trade on GO Markets?

Traders can invest and trade in multiple assets. These include forex, commodities, indices, shares, and cryptocurrencies.

How long do withdrawals take?

Withdrawals at GO Markets can take up to two to three business days.

Is GO Markets available in all countries?

GO Markets serves clients globally but may have restrictions in certain jurisdictions due to local regulations.

What leverage does GO Markets offer?

The platform offers variable leverage depending on trading products. The maximum leverage can go up to 1:500.

Does GO Markets offer a demo account?

Yes, the platform offers demo accounts for new traders. This helps them practice using virtual funds.

Trusted Score

4.1/5

Trusted Score

4.2/5

Trusted Score

4.5/5

Trusted Score

4.8/5