ICM Information

ICM is an offshore regulated broker, offering trading on forex, US stocks, precious metals, index futures, energy futures, cryptocurrencies CFDs with leverage up to 1:200 and spread from 0.0 pips on the MT4, MT5, and cTrader platforms. However, it does not provide services for residents of the USA, North Korea, and China .

Pros and Cons

Is ICM Legit?

ICM is licensed by FSA with license number SD201 to offer services. However, it is offshore regulated, which means potential risks may exist.

What Can I Trade on ICM?

ICM offers trading on forex, US stocks, precious metals, index futures, energy futures, and cryptocurrencies CFDs.

Account Type

The broker offers Islamic accounts and demo accounts.Besides, below are three live account types ICM offers.

Leverage

The broker offers maximum leverage at 1:200 for all account types. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital.

ICM Fees

Spreads & Commissions

Only FX and Metal have commissions – No commission is charged for all other products.

Swap Rates

Different products have different swap rates.

Note: If you hold a position overnight on a Wednesday, the swap charges that are earned or paid on a daily basis are three times the normal amount. Swap charge on US stocks, Cash CFDs, Bitcoin and Turkish Lira will appear as “Admin Charge”.

Trading Platform

Deposit and Withdrawal

ICM accepts payments via credit, debit cards and bank transfers. It cannot be held accountable for any bank charges but bares all costs for clients who deposit via credit card.

Funds will be deposited in your trading account within 1 business day after the funds hit ICM Capitals account. Withdrawal requests are processed on your trading account within 24 working hours from the receipt of the request; however, the receipt of the actual funds may vary depending on the withdrawal method.

Bonus and Promotions

There are plenty of promoting activities available on ICM's platform. For now, refer to a friend and you'll get a $150 bonus.

GO Markets Information

GO Markets is an Australia-based Forex and CFDs broker founded in 2006, providing 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, 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.

GO Markets Pros & Cons

GO Markets Legit?

GO MARKETS is an online forex brokerage company that is regulated by multiple regulatory bodies including ASIC, CYSEC, and FSA.

Regulated Country	Regulated Authority	Regulated Entity	License Type	License Number
	ASIC	GO MARKETS PTY LTD	Market Making (MM)	254963
	CYSEC	Go Markets Ltd	Market Making (MM)	322/17
	FSA	Go Markets International Ltd	Retail Forex License	SD043

• 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 - offshore regulated 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. However, this broker does not trading on some other popular asssets like Futures, options, or ETFs.

GO Markets Account Types

The Plus+ Account offers a range of benefits including 24/5 support, a dedicated account manager, tighter spreads from 0.0 pips, and free VPS access. It charges a commission of $2.50 per side on FX standard lots, while the Standard Account has slightly higher spreads starting from 0.8 pips and no commission fee.

Both accounts offer similar leverage (up to 500:1), allow trading in a wide range of markets, and support various base currencies. Additionally, both accounts permit trading tools, EAs, and scalping.

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 Spreads & Fees

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 $2.5 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 Trading Platforms

In terms of trading platform suppored, GO Markets offers a robust suite, which makes it stands tall among most brokers. MetaTrader 4 and 5 platforms provide advanced charting tools, expert advisors, and VPS options. The user-friendly cTrader platform enables advanced customization and order capabilities. Copy trading solutions like MetaTrader Copy Trader and cTrader Copy Trading allow following successful traders' strategies. Mobile trading apps for Android and iOS ensure access on-the-go. The GO WebTrader offers a web-based MT4 and MT5 experience without downloads.

Trading Tools

Additionally, GO Markets offers the following trading tools to enhance trading experience:

1. VPS (Virtual Private Server): A VPS provides continuous access and optimal speed for MT4 and MT5 platforms, ensuring vital speed and uninterrupted trading.
2. Autochartist: Autochartist specializes in real-time price action alerts, volatility analysis, and event impact assessments, allowing traders to easily apply charts and stay informed about market movements.
3. Trading Central: Trading Central offers a collection of programs that provide actionable investment support with 24-hour multi-asset coverage and analysis, empowering traders with comprehensive market insights.
4. MetaTrader Genesis: MetaTrader Genesis is a comprehensive suite of Expert Advisors (EAs) designed to enhance the capabilities of the standard MetaTrader platform, enabling advanced trading automation and strategy implementation.

GO Markets Deposits & Withdrawals

Various payment methods are available for deposits, including Mastercard, VISA, Skrill, Neteller, and Bank Transfer. Most payments via Master Account and VISA are processed within an hour, while Skrill and Neteller take 1-2 hours. Bank Transfers generally require 1-2 business days. Accepted currencies include AUD, USD, GBP, EUR, and others, depending on the payment method.

GO Markets Customer Support

24/7 - live chat, contact form

Phone: +230 5869 0074 (International)

Email: support.mu@gomarkets.com, newaccounts.mu@gomarkets.com

Head Office: Level 7 Office 12, ICONEBENE Lot B441, Rue de LInstitut Ebene

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

Is Go Markets legit?

Yes, Go Markets operates legally, and it is regulated in three different jurisdications globally.

Is demo trading available at Go Markets?

Yes. It offers risk-free demo accounts.

Does Go Markets offer MT4/5?

Yes. Both MT4 and MT5 are available.

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

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.

Is Go Markets a good broker for beginners?

Yes. It is a regulated broker that offers demo accounts and rich educational resources. But $200 minimum deposit requirement may be high for beginners.

Risk Warning

Trading online carries inherent risks, including the potential loss of invested capital.