GO Markets is a prominent forex and CFD broker that was established in 2006 in Australia. The financial regulators in Mauritius and the Seychelles, as well as the Australian ASIC and the Cypriot CySEC, all oversee GO Markets. The other three are not top-tier regulators, whereas ASIC falls into that category. Depending on the legal body to which you belong, the broker’s services vary slightly. Although we tested the CySEC-regulated company in this assessment, we also highlighted the pertinent details for the other units. GO Markets has no banking experience and doesn’t release its financial information. Additionally, it is not listed on any stock exchange.
Low forex fees and favourable non-trading fees are offered by GO Markets. The procedure for opening an account is quick and entirely digital. The broker provides excellent learning resources, such as forex courses. On the other hand, because the broker mainly offers forex and CFDs, the product selection at GO Markets is constrained. Let’s read the article for the whole review and information.
Go Markets Trading App for Mobile
There are mobile trading apps available on all platforms, so you can utilize mobile devices to trade with complete freedom. Go Markets’ mobile platform and its seamless versions are included on both the MT4 and MT5 platforms, and they are all connected to the same account.
Finally, there are specialised tools available, and VPS services are another choice you have. As a result, users can access cutting-edge trading and continuously and remotely run Algos and Expert Advisors. If the existing live account maintains a minimum balance of 3,000 dollars, a free VPS can be used; otherwise, a monthly service fee of $30 will be assessed.
Customer Service at Go Markets
In addition to its outstanding Awards in other areas, GO Markets Customer Service was named #1 once more. The best forex brokers understand the importance of receiving high-quality service, but obviously not everyone can.
However, GO Markets is in the lead at that point as well, so you can rely on timely, accurate responses from the customer support team. The forex broker team is accessible 24/7 via Live Chat, email, and phone lines in Australia, the UK, and internationally. They also support international languages.
Education
Of course, GO Markets also offers the training materials and research tools required for successful forex trading because new traders face many difficulties while researching trading prospects. Finally, GO Markets teaching programmes and its GO Markets Academy are well acclaimed materials that are appropriate for traders of all experience levels and offered for free usage.
Therefore, you can learn about Forex trading through the GO Markets Academy and Education Center’s courses, video tutorials, tutorials, regularly scheduled seminars, and webinars in a variety of languages. Additionally, a Demo Account is available where newcomers can try their strategies and observe the Go market environment for free and without any restrictions. Regarding the research tools, in addition to the extensive research already included in the Metatrader 4 platform, Go Markets now works with Autochartist and Trading Central providers, allowing you to take advantage of their free trading signals and ideas.
GO Markets: Is it secure or a fraud?
No, GO Markets is not a fraud; it is licenced to provide financial services by the prestigious Australian Financial Services Licence, or ASIC as it is known internationally. Additionally, there is another European firm operating under a CySEC licence; as a result, its ideas may change in accordance with legislation.
Can you trust GO Markets?
In summary, it means that all tools and appropriate setups are in place to provide a secure trading environment in accordance with legal standards and various audit guidelines. As an OTC derivative provider, GO Markets is expected to follow the company ASIC’s disclosure requirements, while at the same time ensuring that investors are aware of the risks and potential rewards.
Pros
- Reasonably priced foreign exchange fees
- Quick account creation
- Excellent teaching resources
Cons
- Limited product range
- Sluggish client service
- No investor protection for clients outside the EU
Conclusion
Overall, the GO Markets review reveals a straightforward trading method broker with many advantages and, in fact, a sizable number of outstanding rewards earned from both industry publications and international traders. One of the main draws is a wide selection of trading instruments, even Binary options and current trends with a number of Cryptocurrencies, all of which are traded with competitive pricing in accordance with the many account types that are available and start at 0.0 pip. The broker doesn’t impose any inactivity, deposit, or withdrawal fees and offers affordable currency rates. There are many excellent educational materials available, and the account opening process is quick and entirely digital.
However, there are some negatives. The product line mostly includes forex and CFDs. Customers from outside the EU are not protected by any investor protection programmes, and customer service may be better. CySEC and the financial watchdog in Mauritius do not fall under the top tier.
