Restricted Services: GO Markets does not provide investment and ancillary services to clients residing outside of the European Union, limiting their service availability geographically.
Commissions Charged: While internal deposit and withdrawal fees are not charged, withdrawals to non-Australian banks may incur additional fees from intermediary banks and the company charges commissions of €2 per lot from its Plus+ Account, which add clients' trading costs.
Is It Safe？
Regulation:
GO Markets operates under the regulatory oversight of the Cyprus Securities and Exchange Commission (CYSEC) with license no. 322/17, showcasing its dedication to maintaining the utmost standards in financial operations. This regulatory adherence underscores GO Markets's commitment to integrity and credibility in its services.
Safety Measures:
GO Markets prioritizes the security of client funds through stringent measures.
Client funds are segregated from company funds, ensuring they are held separately in reputable banks. This segregation protects client funds in the event of GO Markets' insolvency.
Additionally, to manage risk, GO Markets implements margin calls and stop-out levels. Margin calls alert traders when their account equity drops below required levels, prompting them to add funds to maintain positions. Stop-out levels automatically close trades to prevent further losses if account equity falls below a specified threshold.
What are Securities to Trade with GO Markets？
GO Markets offers a comprehensive suite of CFD products designed to cater to diverse trading preferences and strategies across global financial markets.
For Forex traders, GO Markets provides access to over 50 currency pairs with competitive spreads and leverage options of up to 30:1.
Indices CFDs allow investors to trade movements in major stock market indices like the FTSE 100 and US 500 without owning the underlying assets, offering both long and short trading opportunities with leverage of up to 20:1.
Cryptocurrency CFDs provide access to popular digital currencies, enabling trading 24/7 with leverage options of up to 2:1.
Additionally, GO Markets facilitates trading in Metal CFDs such as Gold and Silver, Commodity CFDs covering resources like oil, and Treasury CFDs allowing access to global bond markets with leverage up to 5:1.
With ETF CFDs, investors can diversify their portfolios by tracking indices or asset classes, enjoying the flexibility to trade both long and short positions with leverage of up to 5:1.
Moreover, GO Markets offers extended trading hours on US Shares, allowing traders to capitalize on pre-market and after-market sessions. With leverage up to 5:1, traders can control larger positions with smaller investments, and they have the flexibility to trade both long and short positions on hundreds of AU, US, and HK shares.
Accounts
GO Markets offers two distinct live accounts designed for diverse trading preferences: the Plus+ Account and the Standard Account. Both accounts provide access to over 50 FX pairs, indices, and commodities, with leverage options up to 30:1 and a minimum trade size of 0.01 lots. Clients benefit from 24/7 support and the option of a dedicated account manager. EAs (Expert Advisors) are allowed for automated trading strategies, and free VPS (Virtual Private Server) hosting is available to facilitate uninterrupted trading. Scalping strategies are permitted, making GO Markets accounts versatile for various trading styles.
Base currencies include EUR, USD, and PLN, accommodating global trading preferences. The starting deposit requirement is 100 EUR/USD. Additionally, traders can explore GO Markets with a demo account, providing a risk-free environment to practice and refine trading strategies before committing real funds.
Fees Review
GO Markets maintains a transparent fee policy to minimize costs for clients.
There are no internal deposit fees for Visa/Mastercard, Skrill, Neteller, or bank transfers, and withdrawals from GO Markets are also free. However, withdrawals to non-Australian banks may incur intermediary and receiving fees.
Trading costs vary: the Plus+ Account offers spreads from 0.0 pips with a €2.00 per side commission on standard lots, ideal for tighter spreads. The Standard Account has spreads from 1.0 pip with no commission, suitable for cost-effective trading with broader spreads.
App Review
GO Markets provides robust trading solutions through its MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms.
MT4 offers fast execution and advanced charting tools, complemented by Expert Advisors (EAs) and Virtual Private Server (VPS) options for automated trading strategies. Meanwhile, MT5 enhances trading capabilities with its broader asset class coverage, including Forex, indices, and commodities, supported by professional technical analysis tools and algorithmic trading functionalities.
Both platforms are available on desktop and mobile devices (Android and iOS), ensuring traders can access market opportunities and manage their portfolios seamlessly anytime, anywhere, with consistent speed and analytical capabilities across platforms.
Trading Tools
GO Markets provides traders with a robust Economic Calendar designed to keep them informed about significant market-moving events worldwide. This customizable calendar aggregates crucial announcements from major global regions, ensuring traders are updated on economic indicators that impact Forex, indices, and commodity markets.
Key features include visibility into previous results, consensus forecasts, and actual outcomes on a single line, facilitating quick assessments of deviations from expectations.
The calendar also forecasts market volatility levels—low, moderate, or high—for each event, helping traders anticipate potential price fluctuations.
By allowing customization through filters for keyword searches, date ranges, countries, and specific event categories like central bank decisions or economic activity, GO Markets' Economic Calendar enables traders to effectively plan and adjust their trading strategies based on upcoming economic data.
Research & Eduation
GO Markets offers a robust array of research and education resources through its Education Hub.
Traders can access quality learning materials such as educational courses covering introductory to advanced topics in Forex trading.
Additionally, GO Markets provides webinars, market analysis reports, and insights through articles and videos from industry experts to help traders stay informed about market trends and developments.
Customer Service
GO Markets is located in Gladstonos street 99, Ayia Zoni, 3032, Limassol, Cyprus. Building “ELNOR HERMES”, 4th floor.
Clients can reach out via telephone at +357 25023910 for direct assistance.
For written inquiries, there's the option to use the contact form available on their website, ensuring queries are addressed promptly.
Additionally, a comprehensive FAQ section is accessible on their website, providing answers to common questions and inquiries.
For real-time assistance, GO Markets offers a live chat feature where clients can chat directly with support representatives.
For more personalized assistance or account-related queries, clients can also contact GO Markets via email at support@gomarkets.eu or newaccounts@gomarkets.eu.
They also maintain an active presence on social media platforms such as Facebook, Twitter, LinkedIn, YouTube, and Instagram, providing additional channels for engagement and support.
Conclusion
In conclusion, GO Markets stands out as a trusted provider in the financial markets, offering a wide range of trading instruments including Forex, indices, commodities, and cryptocurrencies etc.
Headquartered in Limassol, Cyprus, GO Markets operates under robust regulation as a Cyprus Investment Firm (CIF) authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 322/17. This regulatory oversight underscores their commitment to maintaining high standards of transparency, security, and client protection.
With advanced trading platforms, competitive pricing, and dedicated customer support, GO Markets continues to empower traders worldwide with the tools and resources needed to navigate the financial markets effectively.
Frequently Asked Questions (FAQs)
1: Is GO Markets regulated by any financial authority？
Yes, GO Markets Stockbrokers Ltd is regulated by the Cyprus Securities and Exchange Commission (CYSEC) with license no. 322/17.
2: What types of products does GO Markets provide？
Forex, Commodities, Metals, Indices, Shares, Cryptocurrencies, Treasuries and ETFs.
3: Is GO Markets suitable for beginners？
Yes, GO Markets is well regulated and offers a range of financial advisory services, which is benificial for beginners.
4: What trading platforms does GO Markets offer？
MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms.
5: What are the deposit and withdrawal options？
Visa/Mastercard, Skrill, Neteller, and bank transfers, with no internal fees. Withdrawals to non-Australian banks may incur additional charges from intermediary banks.
6: Are there any restrictions on GO Markets' services based on client location？
Yes, GO Markets Ltd does not provide investment and ancillary services to clients residing outside of the European Union.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
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