Key Features:
- Leverage: Up to 1:30 | 1:500
- Regulation: ASIC, CySEC, FSC, FSA
- Minimum Deposit: $0
- Headquarters: Australia
- Trading Platforms: MT4, MT5, cTrader, WebTrader
- Founded: 2006
GO Markets Licenses
- GO Markets Pty Ltd: Authorized by ASIC (Australia), registration AFSL: 254963, ABN: 85 081 864 039
- GO Markets Ltd: Authorized by CySEC (Cyprus), registration no. 322/17
- GO Markets Pty Ltd (MU): Authorized by FSC (Mauritius), license no. GB 19024896
- GO Markets International Ltd: Authorized by FSA (Seychelles), license no. SD043
- GO Markets LLC: Authorized by SVG FSA (Saint Vincent and the Grenadines), license no. 25456 BC 2019
What is GO Markets?
GO Markets is an Australia-based Forex and CFDs broker established in 2006. It offers over 1000 tradable CFD instruments, including forex, shares, commodities, indices, metals, and treasuries. GO Markets is known for its compliance with regulations and competitive spreads. It was one of the first Australian brokers to offer MetaTrader 4 and later expanded to include MetaTrader 5, WebTrader, and mobile apps.
Is GO Markets an ECN Broker?
Yes, GO Markets offers an ECN (Electronic Communication Network) pricing model, ensuring low trading fees and transparent execution.
GO Markets Pros and Cons
Pros:
- Reputable Broker: GO Markets is well-known and respected with top-tier regulations and licenses.
- Quality Trading Conditions: Offers a variety of platforms, including MT4, MT5, cTrader, WebTrader, and mobile apps.
- Advanced Trading Capabilities: Supports copy trading, social trading, and auto-trading.
- Excellent Support and Resources: Provides quality support, learning, and research tools.
- Negative Balance Protection: Ensures traders cannot lose more than their account balance.
Cons:
- Varying Conditions: Trading conditions differ depending on the regulatory entity.
- Limited Support Hours: Customer support is not available 24/7.
Is GO Markets Safe or a Scam?
GO Markets is considered safe and legitimate. It operates under top-tier regulations, including the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC). The broker adheres to strict compliance standards and regulatory requirements.
Where is GO Markets Based?
GO Markets has offices in Australia, Cyprus, Mauritius, Seychelles, and Saint Vincent and the Grenadines. The broker provides a technologically advanced trading environment suitable for traders of all sizes.
Is GO Markets Legit?
GO Markets is a legitimate broker that complies with regulatory requirements and adheres to numerous audit rules. As an OTC derivative provider, it is required to meet disclosure benchmarks set by its regulators, ensuring a safe trading environment for investors.
Summary
GO Markets is a reliable and reputable broker offering a wide range of tradable instruments and advanced trading platforms. With strong regulatory oversight and a commitment to providing quality trading conditions, GO Markets is a suitable choice for both beginner and experienced traders. However, potential clients should be aware of the varying conditions under different regulatory entities and the limited support hours.
