Who is GO Markets？

GO Markets is an Australia-based Forex and CFDs broker founded in 2006. The broker provides 1000+ tradable CFD instruments including forex, shares, commodities, indices, metals, and treasuries. GO Markets is regulated by the ASIC in Australia, the CySEC in Cyprus, the FSC in Mauritius, and the FSA (Seychelles).

GO Markets is one of the first Australian MetaTrader 4 brokers, later on, it added MetaTrader 5, WebTrader, cTrader and mobile apps to its suite of services. The broker is well known for its strict compliance and competitive spreads.

Pros and cons of GO Markets

GO Markets has multiple regulations from recognized organizations in the industry, which gives greater credibility and security to its clients.

It offers a wide variety of financial instruments, including more than 1000 instruments, including Forex CFDs, Share CFDs, Index CFDs, Metals CFDs, Cryptocurrency CFDs, Commodity CFDs and Treasury CFDs. It has a market-leading trading platform, MetaTrader 4 and MetaTrader 5, which has numerous technical analysis tools and customizable charts.

It offers excellent customer service, available in multiple languages and through multiple communication channels.

Deposits and withdrawals are processed quickly, with a one business day lead time for withdrawals.

It has an educational section on its website that offers materials for beginners and advanced traders.

As for the cons, we found that the main point is that the conditions are different in each entity. Another point is that the brokers support is not available 24/7.

General Information and Regulation of GO Markets

GO MARKETS is an online forex brokerage company that offers clients access to a wide variety of financial instruments, including Forex CFDs, Share CFDs, Index CFDs, Metals CFDs, Cryptocurrency CFDs, Commodity CFDs and Treasury CFDs. The company is regulated by multiple regulatory bodies including ASIC, CYSEC, FSC and FSA.

• 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 International Ltd - authorized by the FSA (Seychelles) license no. SD043

  

Market Instruments

With Go Markets, clients can easily trade with over 1,000 products, covering Fore, Shares CFDs, Indices, Metals, Commodities, and Treasury.

GO Markets Leverage

GO Markets Leverage depends on the entity you have an account with since leverage falls under certain regulations. International Traders can access high-leverage ratios. For forex trading, GO Markets Pty Ltd, Mauritius (FSC regulated) offers generous leverage up to 1:500.

GO Markets Account Types

The broker offers two account types Standard and GO Plus Accounts with the flexibility to manage the trading way and choose the best fit. So there is an option between a Standard trading proposal based on spread charges and access to a true ECN environment via GO Plus+ specifically designed through light-fast technology. The Standard account caters to traders seeking accessibility, requiring a minimum deposit of $200 and offering leverage up to 500:1 across forex, metals, commodities, and indices markets. Conversely, the Pro account is geared towards more experienced traders, demanding a higher minimum deposit of $300 while providing the same leverage and instrument range as the Standard account. Notably, the account can be only opened USD.

GO Markets Fees and Spreads

Apart from offering one of the best spreads for the products suite, GO Markets is also the most competitive in terms of holding costs or overnight swaps. GO Markets offers Swap-Free Accounts to traders available on the Standard and GO Plus+ accounts on Meta trader platforms. GO Markets Swap-Free account is available to legitimate holders who are Muslim and cannot use “swaps” due to their religious belief.

Further, the GO Plus Account is already a choice for advanced traders or those whose strategy requires it as spreads from 0.0 pips and trading costs inbuilt in the commission as low as 2.50$ per side.

GO Markets spreads are aggregated from 22+ Tier 1 and 2 liquidity providers making them go as low as 0.0 pips. The GO Markets average spreads for Standard and GO Plus+ accounts are listed on their page. However, the data is provided for general information only and is taken over a one-month period. Prices shown may vary. For instance, see below a comparison of the Standard spread offering, as well as your comparing fees to another popular broker.

Besides, always consider overnight fee as a cost, also known as Rollover rate or interest for holding positions open overnight.

GO Markets Deposits and Withdrawals

Deposits to the live trading account can be done in numerous convenient ways while the payments will attract no additional processing fees. GO Markets does not charge any internal fees for withdrawals, however, fund withdrawals to non-Australian banking institutions may be waived for some fees and are your responsibility, so make sure to check those as well.

GO Markets minimum deposit amount is 0$ as a beginning which allows you to use the full service of live trading and open a Standard account. GO Markets Withdrawal option uses the same methods for money deposits like Bank Transfers, Cards and e-wallets, yet verify with customer service what method is applicable for you according to your own residence and its policies, or laws applied. We tested withdrawal at GO Markets and it took us 1 business day.

GO Markets Trading Platforms

GO Markets Customer Support

GO Markets Customer Service was rated #1, in addition to its great Awards received in other aspects. Successful brokers recognized the need for quality service, but of course, not everyone can have one.

with 14+ language coverage, GO Markets stands ahead in that point too, so you can count on relevant and fast answers from the Customer Support GO Markets. The brokers team is available around the clock and supports international languages accessible via Live Chat, email, and phone lines in Australia, the UK and internationally as well. And although the broker does not provide 24/7 client support, it has highly acclaimed 24/5 client support.

GO Markets Education

And of course, since novice traders always pass through great challenges while exploring trading opportunities, GO Markets provide the educational materials and research resources necessary to perform seamless trading. Eventually, GO Markets educational programs and its GO Markets Academy are numerously award-winning materials that are defined by all levels of traders and available for Free use.

So in GO Markets Academy and Education Centre, you will find Forex trading learning courses, Video Tutorials, also Tutorials and regularly held Seminars and Webinars in various languages. Also, Demo Account is offered for free use with no limits where beginners can place their strategy at the test or see GO Markets environment.

As for the Research tools, besides very comprehensive research inbuilt into Metatrader 4 platform, GO Markets also cooperates with Autochartist and Trading Central providers so you can use its free trading signals and ideas for your benefit. Besides, thousands of MetaTrader 4 & 5 Add-ons remain at your suite which is defined by the instrument and specified criteria, where also you may use the great tool MT4 Genesis.

FAQs

GO Markets knows that knowing where to find the information that you need and having the confidence that you can find the answers to your trading questions could be very helpful with your day-to-day trading.

Use these comprehensive Forex Trading FAQs to learn all the basics as well as the more advanced topics in forex trading. GO Markets has covered the lot from how to open a forex trading account to how to use the MetaTrader trading platform, Forex trading system, and more. Whether you're new to trading FX or you have several years of experience trading currencies, you will find a lot of useful information in these FAQs.

Q: What is the minimum deposit required to open an account with Go Markets？

A: The minimum deposit required varies depending on the account type you choose. The Standard account requires a minimum deposit of $200, while the Pro account requires a minimum deposit of $300.

Q: Does Go Markets offer Islamic (Swap-Free) accounts？

A: Yes, Go Markets offers Islamic accounts, also known as Swap-Free accounts, which comply with Islamic financial principles by avoiding interest charges or swap fees.

Q: What is Go Markets' leverage policy？

A: Go Markets offers leverage up to 500:1 for both Standard and Pro accounts.

General Information & Regulation

FOREX EXCHANGE was established in 2004, registered for financial futures trading business in January 2006, joined the Financial Futures Trading Association in February 2006, and registered for first-class financial instruments business in September 2007. In 2008, FOREX EXCHANGE moved its headquarters to Tokyo, and in November of the same year, it registered for the second financial instruments business, and in 2009, it registered for investment advice/institutions, and in April of the same year, it joined the Japan Investment Advisors Association. FOREX EXCHANGE's business also includes forex margin trading in accordance with the Financial Instruments and Exchange Act and all related businesses. FOREX EXCHANGE currently holds a retail foreign exchange license authorized by the Japan Financial Services Agency (Regulatory No. 2010001141146).

Market Instruments

Investors on the FOREX EXCHANGE platform can trade popular currency pairs in the foreign exchange market, as well as commodity futures and stock futures.

Minimum Deposit

There is no initial minimum deposit requirement, but investors are advised to deposit at 100,000 JPY into their MT4 account.

Spreads & Commissions

The EURUSD spread is 0.7 pips, the USDJPY spread is 0.6 pips, the minimum spread for EURJPY is 0.7 pips, the minimum spread for GBPJPY is 1.4 pips, and the spread for AUDJPY is 1 pip.

Trading Platforms Available

Traders trading with FOREX EXCHANGE can apply the MT4 trading platform, which is currently the most popular platform in the market. Since its release in 2005, the MT4 trading platform has become a popular platform for financial institutions and investors worldwide due to the convenience of the trading system and the ability to customize charts freely. The most attractive aspect of MT4 is that it can automatically buy and sell, and users can view exchange rates to buy and sell, and by pre-determining trading rules, trades can be made automatically.

Deposit and Withdrawal

Traders can make deposits to their investment accounts via regular bank transfers and quick transfers. A regular bank transfer is a method of transferring funds to the company's designated account at Internet banking, ATMs, or over-the-counter at financial institutions. The quick transfer is a method of transferring funds from a trader's computer or smartphone to [My MT4]. The client is responsible for transfer fees when transferring funds to the bank account designated by FOREX EXCHANGE. Withdrawals are, in principle, free of charge, but if the withdrawal amount is less than 10,000 yen and the withdrawal amount exceeds 5 times per month, a fee of 540 yen will be charged for each withdrawal.

Pros & Cons of FOREX EXCHANGE

Customer Support

If clients have any inquiries or trading-related issues, they can get in touch with FOREX EXCHANGE through the following contact channels:

Telephone: +81 03-3537-2311

Email: support@forex-exchange.com