go markets below top right logo
🗺️ Regulation Country Australia, UK
📊 Trading Platforms MT4, MT5 Trading Platform
💰 Minimum Deposit $0
💰 Withdrawal Fees $0
🛍️ Instruments Offered Forex, Shared CFD, Indices, Metals, Commodities
💳 Credit Card Deposit Yes

See How GO Markets Stacks Up To These Brokers

In a competitive market, where it can be difficult to differentiate between forex brokers, GO Markets stands out for their extra low commission cost. Founded in Melbourne, Australia in 2006, Go Markets has no-dealing desk with STP-style execution meaning some forex pairs have 0 pips spreads. Traders can choose between MetaTrader 4 and MetaTrader 5 when trading 49 forex pairs along with a wealth of other CFD products and share equities for Australian traders.

  1. Among the lowest FX commission costs in the industrylowest comm forex broker award
  2. Low-fee trading accounts with spreads from 0.0 pips
  3. Advanced MT4 or MT5 trading platform offering (MT4 in Europe only)
  4. Good range of shares for CFD trading plus share dealing in Australia
  5. Great range of tools for copy and auto-trading

GO Markets Account Types

GO Markets is a no-dealing desk, STP-type broker that offers two types of retail investor accounts:

  • Standard Account
  • Go Plus+ Account

go markets account type

Go Markets Plus Account

Go Markets Plus Account is the broker’s true no-dealing desk account with commission costs in place of a widened spread. As this is GO Markets’ standout account, we list this account first.

Spreads for this account start from 0.0 pips, nothing unusual in a competitive market but what is impressive is the low commission costs the broker charges. Commissions are USD 5 or AUD 6 round-turn per standard lot, which compares well against other brokers where normal costs are USD 6 or $7 per lot round-turn.

Anyone can use this account and it is the best choice to save on trading costs. High-volume traders in particular will benefit when using this account as frequent trading can see your commission costs add up since you pay for each lot when you enter and exit the market.

Standard Account

The Standard Account is commission-free, with spreads starting at 1 pip for major Forex pairs, which is average for the industry.

This account is ideal for beginner forex traders given that the main charge is primarily in the spreads. As such, you don’t need to factor in commissions when working out brokerage.

General Account Information

On both accounts, scalping, hedging and automation are all permitted by the broker, which is good news for day traders with a little more experience.

Unfortunately, for those of the Islamic faith, GO Markets doesn’t offer a swap-free or Islamic account.

You can, however, open a demo account to practice trading if you’re not confident opening a live account yet. This account is free to open, gives you $50,000 in virtual funds and lets you trade on most markets, other than share CFDs, using real-time spreads.

Minimum Deposit/Funding Methods and Costs

To open an account with GO Markets, there is a range of funding methods available. You can use more traditional methods such as wire or bank transfer, credit card, debit card, Visa, MasterCard or Maestro. Then there are the online methods including BPay, Skrill, NETELLER, Fasapay or POLi. Please note that POLi and BPay are only available in Australia as payment methods.

Each of these funding methods have various processing times, from instant to up to 3 business days depending on which you choose.

To fund your account, GO Markets allows several base currencies including AUD, USD, EUR, GBP, NZD, CAD, SGD, CHF and HKD. It is recommended that you have a minimum deposit of $200 before you start trading however this is not required.

One bonus of opening a GO Markets account, is there are no funding or inactivity fees.

go markets funding methods

Volume Rebates For Traders

Regardless of whether you are using Go Markets Go Plus+ or Standard account, the broker offers rebates for traders meeting minimum monthly volume conditions spanning across Forex & Metals, Indices, and Commodities.

As an example, for forex or metals, you will need to trade a minimum of $25 million every month to qualify for a rebate. Once this level is reached, you will receive $5 to $15 in rebates. These rebates will be credited to your trading account in the first week of the next calendar month.

See the table below for Forex & Metals rebates. Rebates for indices and commodities are also available but at different rates.

go markets volume rebates

To get rebates, you will need to sign up with Go Markets and then contact your account manager. Traders with the Go Markets European affiliate may have different rebate conditions.

Verdict Of GO Markets Spreads And Fees

Overall, GO Markets has spreads that are in line with or better than the industry, and competitive commissions, making it ideal for traders looking for low fees. If you are an active trader, you also get the benefit of receiving rebates for high-volume trading, meaning further savings.

GO Markets Plus+ Spreads Compared

When comparing spreads from the GO Markets Plus+ account with other STP/ECN pricing brokers, GO Markets offers lower commissions than most competitors. While Go Markets Plus+ spreads already compare well against their competitors for most currency pairs, they may actually be cheaper when one takes into account the lower commission cost.

GO Markets commissions are USD 2.50 / AUD 3.00 per side and USD$5.00 / $6.00 round-turn, which is among the best in the industry. A commission of $3.50 per side and a $7.00 round-turn is relatively standard among most brokers. This means you are paying $1 less per round-turn when you close your trading position, which will save you a lot over time.

Given GO Markets spreads match or closely match most currency pairs compared with other brokers, the broker’s spreads compare very favourably.

Go Markets Plus+ Account Spreads
0.20 0.50 0.40 1.50 0.20
0.30 0.60 0.50 N/A 0.50
0.50 0.50 0.60 2.50 0.70
0.46 1.17 1.26 1.97 1.28
0.44 0.85 0.40 1.30 0.42
0.10 0.60 0.60 1.30 0.50
0.02 0.09 0.19 0.57 0.05
0.17 0.59 0.40 1.38 0.24

Avg. spreads are taken from each broker's website and updated monthly. Last update on 01/11/2022

Open a demo account >>Visit GO Markets >>


Our Rating

The overall rating is based on review by our experts

7.67
Spreads
9 / 10
Leverage
10 / 10
Trading Platform
7 / 10
Risk Management
4 / 10
Range of Markets
6 / 10
Customer Service
10 / 10

Go Markets Trading Platforms

GO Markets specialises in the MetaTrader platforms. Not only does the broker offer the full MetaTrader suite, which includes both MetaTrader 4 and MetaTrader 5, but you can also access Genesis. This is a suite of tools that enhances the MetaTrader platform experience.

Both MT4 and MT5 are available for mobile trading on Android or iOS compatible devices, on desktop for windows or mac PCs and as a WebTrader.

go markets main trading platform

MetaTrader 4

The MT4 platform is the most popular forex platform globally and GO Markets is one of the first brokers to introduce the platform in Australia. Key features of the platform include:

  • Trading across forex, commodities and indices
  • +61 technical analysis objects and indicators
  • Automated trading through Expert Advisors (EAs)
  • 30 built-in indicators that monitor market movements

While not as intuitive as other platforms, the MetaTrader 4 interface is functional. The platform was designed with de-centralised trading in mind, hence why it is popular for forex trading. This, combined with the fast execution speed is the founding reason for the MT4 platform’s popularity.

The other key strength is the Expert Advisors (EAs). EAs allow you to buy and sell trading applications to automatically trade on the market. With the MT4 platform being the most popular, this marketplace has the most applications available worldwide.

Overall, the MT4 platform is suited for currency markets but is limited to share trading. Other than that, the platform is great for those considering automation and purchasing algorithmic packages from developers. Choosing the MT4 platform also makes it easy to switch providers, as the best forex brokers mostly offer the MetaTrader 4 platform.

MetaTrader 5

MetaTrader 5 is an upgrade of MT4, in nearly every way. MT5 allows you to trade on centralised exchanges, which means a bigger range of share CFDs, in particular. The platform also gives you access to a greater range of advanced trading tools, including:

  • 80+ technical analysis objects and indicators
  • 21 timeframes
  • Market depth insights
  • Exchange trading (particularly shares)
  • One-Click trading
  • EAs, scalping and day trading available

While MetaTrader 5 is slightly newer than MetaTrader 4, it shouldn’t be viewed as a better platform. Rather, a trader should view this as a different trading platform where MetaQuotes have focused on an integrated trading experience. This means that instead of just focusing on forex trading, the platform has a balanced trading experience for shares (stocks), futures and CFDs.

Overall, if you are looking to trade more than just currency markets on a regular basis, you may want to consider MT5 over MT4.

Genesis

An exclusive bonus for GO Markets clients is the ability to upgrade your MetaTrader platforms using Genesis. This is available when opening a new account and depositing $500 or more. From here, you simply need to opt-in and fill out a short form to request MT4 genesis access. The key strengths of upgrading to MT4 Genesis are:

  • Access to MT4 and MT5 add-ons that enhance a trader MetaTrader 4 and 5 experience
  • Enhanced order management setup
  • Alert system based on existing trades or market conditions

GO Markets Share Trading Platform

GO Markets also offers a share trading platform for Australian clients. This platform is available on mobile and as a WebTrader, which adds further diversity to its platform suite.

Available exclusively for shares and ETFs listed on the ASX in Australia. Secure and reliable, the platform allows you to access market data and news as well as a choice of insightful tools. You will need to search TradeCentre by FinClear Technology to find the GO Markets app on your Apple or Android store.

Other Trading Tools with GO Markets

In addition to a great range of trading platforms, GO Markets offers useful social and copy trading tools and platform add-ons to improve your trading strategies. These include Autochartist, Trading Central, Genesis, a-Quant and Myfxbook.

You can also link with a fast, reliable server using a VPS (Virtual Private Server) on both MT4 and MT5.

go markets other trading tools

Autochartist

Autochartist is a great charting tool for technical analysis. Features of Autochartist include algorithms that automatically scan the markets 24 hours a day, a customisable search pane and a built-in price movement scanner. The benefits of Autochartist are that you get chart pattern recognition, faster analysis, alerts and flexibility for potential trading opportunities. You can integrate this tool with your MT4 platform.

Trading Central

Trading Central, which combines AI technology and expert analysis, helps scan the markets for trading opportunities. The platform offers sophisticated technical and fundamental analysis, as well as back-tested trading strategies and premium analytics for chart interactions. Additional features include:

  • Analyst Views (market research from experienced senior analysts)
  • Newsletters (investment insight)
  • Alpha Generation (pattern recognition indicators)
  • TC Research Platform (Trading Central’s research dashboard)

Genesis

As mentioned, the MetaTrader upgrade, Genesis, provides the biggest trading tool advantage that GO Markets offers. This is a full suite of tools that enhances your MetaTrader platform’s power. Key features include a sophisticated order management system, alerts, insights and market sentiment. There is also a range of EAs (expert advisors), to help identify market opportunities.

a-Quant

a-Quant, like Trading Central, uses AI and machine learning to develop algorithms for brokers. The platform aggregates millions of data points to produce high-probability trading signals of certain risk/reward characteristics. A key feature of a-Quant is Daily Strategies, which generates 9-12 signals per day for 10 popular FX currency pairs that are delivered straight to your inbox.

Myfxbook

Myfxbook is a Forex-specific social trading platform with millions of expert traders to copy from. All expert traders on the platform have a demonstrable history of successful trades, giving them a level of trust and authority. You can easily control your auto-copied trades, which is useful during volatile market conditions. There is also a range of tools for accurate analysis and statistics.

Note: Myfxbook is not available for clients of GO Markets in Europe.

Open a demo account >>Visit GO Markets >>

Trading Products

GO Markets offers both CFD and non-CFD (spot) trading instruments across Forex, shares, cryptocurrencies, indices, bonds, futures and commodities. CFD products available include:

  • 49 Forex pairs
  • Over 1190 share CFDs, across the Australian, US, Hong Kong and Europe stock exchanges
  • 16 indices
  • 5 commodities (including Spot Gold and Silver, WTI and Brent Crude Oil, US and UK Oil Futures)
  • 14 cryptos (including Bitcoin, Ethereum, and Litecoin)
  • 29 futures
  • 5 bonds

Additionally, you can obtain leverage of up to 500:1 for Forex and gold, 200:1 for indices, 20:1 for stocks and 10:1 for cryptos. Leverage does depend on the regulations of that particular country. For example, you will obtain higher maximum leverage from the FCA (Financial Conduct Authority) in the UK and the FSA (Financial Services Authority) in Seychelles. If you are being onboarded through ASIC or CySEC regulators, however, you will only obtain leverage of up to 30:1.

One thing to note is that cryptos are no available in with GO Markets Europe.

If you are an Australian trader, you get the bonus of having access to over 2500 ASX shares and ETFs (Exchange Traded Funds). You can buy and sell ASX shares at a $7.70 flat fee per trade (for trades up to $100,000). This is a unique offering by GO Markets, not available at many other brokers.

go markets trading products

Education and Market Research

Go Markets has a range of research, news and educational materials for deeper market analysis. These educational materials include tutorials, webinars, courses, and a detailed FAQ section.

If you’re new to trading online, GO Markets’ video training courses and webinars will help you get started, as well as save you the expense of learning through trial and error. Even for more experienced traders, GO Markets still supports you with a daily market news feed to keep you up to date with the economic events of the world.

Open a demo account >>Visit GO Markets >>

Customer Support & Service

GO Markets offers 24/5 customer support via either phone or email. For questions that arise during off-hours or are fairly basic, there’s also an excellent and easy-to-navigate FAQ section on the GO Markets website.

Awards

As well as being a trusted broker with great customer support, GO Markets is award-winning, with multiple awards from Investment Trends last year and the Global Forex Awards this year. With such a diverse range of global awards from value for money, and educational materials to the most trusted Forex broker, GO Markets covers all bases.

go markets awards

Open a demo account >>Visit GO Markets >>

Regulations

GO Markets is licenced to offer financial services, holding an Australian Financial Services Licence (AFSL). The broker also holds licenses from 4 main regulatory authorities globally, giving traders from multiple regions access to the broker’s services:

  • ASIC (The Australian Securities and Investment Commission) in Australia
  • CySEC in (Cyprus Securities Exchange Commission) in Cyprus
  • FSC (Financial Services Commission) in Mauritius
  • FSA (Financial Services Authority) in Seychelles

Having multiple regulators not only proves GO Markets’ trustworthiness but also means the broker can offer financial services to traders globally.

One thing to note is that GO Markets is not regulated in the UK by the Financial Conduct Authority. Clients in the UK wanting to join GO Markets can choose between GO Markets European subsidiary or GO Markets Seychelles subsidiary.

Choosing the European subsidiary does mean the broker needs to comply with the higher-level requirements set by CySEC. On the other hand, choosing the broker’s Seychelles-based subsidiary means the ability to trade with cryptos and a leverage of up to 500:1 for Forex.

go markets regulations

Conclusion

All in all, there are many reasons to choose GO Markets as your broker of choice. GO Markets is a multi-award-winning CFD and non-CFD broker, with some of the best commissions out there. That’s not all, the broker also offers tight spreads, great platforms and useful advanced tools to improve your overall trading experience. Lastly, GO Markets offers useful educational resources, has great customer support and is multi-regulated, proving it is a trusted broker to boot.

Open a demo account >>Visit GO Markets >>

Conclusion

Overall, GO Markets is an incredibly strong Forex and CFD broker for traders in Australia. Great customer service, full regulation and good spreads make it an attractive option for practically any trader. GO Markets is a broker that is well worth considering, especially if you are a Forex trader. If having read this GO Markets review, you’re interested in the platform but are still not sure about it, you should consider opening a demo GO Markets account. The demo account offers the same basic functionality as a live trading account, but involves no risk of real money. You can also check this comparison between GO Markets and Pepperstone to find out more reasons to choose GO Markets.

About the author: Justin Grossbard

With over 20 years of investing experience and 10 years of trading, Justin co-founded Compare Forex Brokers in 2014. He has worked within the foreign exchange trading industry for several years and for several of the largest banks globally. Justin achieved Honours in Commerce and has a Master's degree from Monash University. He also owns Innovate Online offering digital marketing services with over 20 employees.

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