GO Markets Review – Is GO Markets Scam or Legit?

Go Markets review

Go markets is a broker that was set up in 2006 and operates under the ASIC license. Its main office is in Australia and it is focused on providing high quality tools and features. It has promised to offer great opportunities for traders of any size.

GO Markets is a large and respected broker with a high regulatory status. One of its main priorities is to provide friendly, convenient trading and allow copy trading, auto capabilities, or social trading. We know this broker is not a scam because it is authorized to operate financial services.

Protection         

GO markets provides a safe environment for trading. It is a broker that follows numerous rules and adheres to disclosure benchmarks set by ASIC. The clients’ funds are kept in segregated accounts at the National Australian Bank (NAB). Since this is a fully authorized broker, it has strict policies and protection measures, along with monitored conditions.

Fees

GO markets has built its pricing in the form of spreads. The standard account defines no base for commission, which brings spreads to start at 1.1 pips. This is the best match and doesn’t result in any complications. Furthermore, the GO plus account for advanced traders has spreads starting from 0.0 pips. There is no deposit or withdrawal fee, but there is an inactivity fee which is considerably lower.

Trading instruments

There is a wide variety of over 350 trading instruments like indices and commodities, cryptocurrencies, and CFDs of Forex. Even though each instrument has its own conditions, the large variety is always appreciated as it gives traders a freedom of choice.

Deposits and Withdrawals

To deposit, you can use a credit or debit card, BPay, e-payments, or simply bank to bank through an Australian banking institution. There is no deposit fee, but the minimum deposit is $200, while most other brokers have a minimum deposit of $500. This option allows you to open a standard account and use live trading.

For withdrawal, you have the same options that were available for depositing which include credit and debit card, bank transfers, etc. however, you will need to recheck with customer service which of these methods is applicable to you as it may differ according to policies or residence.

Trading platforms

Since MT4 is the standard platform for forex, GO Markets has also set this as a default platform, but clients are free to choose MT5 if that’s what they prefer. This broker can easily be accessed through the web on any device, but the tools may be less advanced. Of course, it is also available to install on MAC and PC. On the desktop platform you can customize freely and have access to advanced tools.

Both MT4 and MT5 are available for use on GO Market’s mobile platforms. Mobile platforms are convenient and come in handy in case you don’t have your laptop with you. This brokers’ mobile platform features MT4 and MT5

Customer support

GO markets has a trained staff for its customer support team and you can always count on them to answer your questions on time and with relevance. This team supports a large number of languages and is available for support 24/7. They can easily be reached through email, international phone lines, and live chat.

Education

GO markets offers educational material as well to help beginner traders understand the basic of trading and pass challenges. The GO markets academy has received several awards and is absolutely free of cost. In the academy, you can find videos, tutorials, and webinars in many languages. You can also create a demo account to get familiar with the environment of GO markets.

Research

Several research tools are offered here to benefit you and help you find what you need. Along with that, a very comprehensive research is inbuilt into the MT4 platform. This broker also allows Autochartist and Trading Central, so anyone can use its free trading signals.

Conclusion

Overall, GO Markets has a very straightforward style of operation. It prioritizes its clients and does its best to provide them with the best trading experience. It has received several awards for its wide range of instruments. This is a broker that has great reviews and is bound to help make trading easier for you.