WikiFX
2020-01-09
|Brokers
About WikiFX
|
Rating
/10.00
The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints!
Benchmark
AAA
Market Making(MM)
ASIC Regulated
Retail Forex License
FSA Offshore Regulatory
Company Name:
GO MARKETS PTY LTDCompany Abbreviation:
GO MARKETSPlace of registration:
Australia
Regulatory Status:
RegulatedCustomer Service Email Address:
support@gomarkets.comCustomer Service Phone Number:
+248 4 671 903Company summary
BasicInformation&RegulatorsofGoMarketsGoMarketsisawell-knownandestablishedforexdealerintheindustrywithmorethantenyears'tradingexperience.Thecompanywasestablishedin2005andisheadquarteredinMelbourne,Australia,withbranchesinmanyimportantcitiesworldwide.GoMarketshasbeencommittedtoprovidingclientswithawideselectionofonlinefinancialproducts,suchasforex,gold,stockindex,andcrudeoil.ThecompanyiscurrentlyunderthesupervisionoftheAustralianSecuritiesandInvestmentsCommission(ASIC)(regulationnumber:254963)andtheDubaiMulti-CommodityExchangeCenter(DMCC)(regulationnumber:653535).MarketInstrumentsThecompanyprovidesmainstreamandpopularfinancialtradableinstrumentsontheglobalmarket,mainlyforextrandings,stockCFDs,commodities,crudeoil,globalstockindices,etc.Leverage&AccountofGoMarketsForextradingscanenjoytheleverageofupto1:300,andthemaximumleverageofstockCFDsis1:20.ThehighestleverageforGoldPriceinUSdollaris1:300,andforSilverPriceinUSdollaris1:50.Thehighesttradingleverageforcrudeoilis1:50.Thespotindices;leveragevariesfrom1:100to1:200,andtheleverageofthefuturesindicesvariesfrom1:20-1:100.Thecompanyprovidestwotypesofaccountsforinvestorswithdifferenttradingexperienceandinvestmentpreferences:StandardAccountsandLow-SpreadAccounts.Themaximumleverageofbothaccountsis1:300,andtheminimumdepositisUS$500.Spreads&CommissionFeesTherearenocommissionsforforeignexchangetransactions,onlyspreadfees.ThemainspreadsforstandardaccountsareEuURUSD1.6,Gold4.0.gold,silver,andcrudeoiltradingsdonotchargecommissions,andindicestradingchargesafeeofUS$2perstandardlot.Themainspreadsforlow-spreadaccountsare0pipsforEUR/USD,1.0forgold,afeeof7dollarsperstandardlotforforex,7dollarsperstandardlotforgoldandsilver,and2dollarsperstandardlotforcrudeoilandindextransactions.TradingPlatformAppliedofGoMarketsThetradingplatformprovidedbythecompanyistheMT4desktopversion&mobileversion,MT5desktopversion&mobileversion.MT4isthemostpopularonlinetradingterminalglobally,anditisanimportanttradingtoolforinvestorsinallonlinefinancialmarkets.UsingGOMarkets'high-qualitytransactionexecutionandthemostcompetitivespreadquotation,investorscandirectlytrademorethan90foreignexchangeandCFDproductsontheMT4tradingplatformwiththeinternationalmarket.ComparedwithMetaTrader4,MetaTrader5,whichisfurtheroptimizedandupgraded,isadiversifiedfinancialmarkettradingplatformthatprovidesexcellenttradingpossibilitiesandtechnicalanalysistoolsandallowstheuseofautomatedtradingsystemsforautomatictradingandcopytrading.MillionsofusersworldwidehavechosentousetheMetaTrader5tradingplatform.Deposit&WithdrawalThedepositandwithdrawalmethodssupportUnionPayandwiretransfer.Thereisnohandlingfeefordeposits,andwithdrawalsoflessthanUSD100willincurabankhandlingfeeofUSD5pertrade.Withdrawalsabove$100arefree.Accordingtotheanti-moneylaunderingpolicy,withdrawalsfromaccountswithoutanytransactionsrequireanadditional2.5%handlingfee. About MoreWikiFX Risk Alerts
Previous Detection: 2021.08.01 Risk: 2 Item
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It keeps asking you to pay margin, risk, financial funds. The customer service will hardly respond.
FXDCCxgb1474
2021/07/25
Taiwan
The customer service refused to tell me about the detail of the company. It asked for margin of $2,000 and risk fund of $3,500 before withdrawing. Please help. Was it a scam?
FXIJEkic3395
2021/07/25
Taiwan
Here is the history of requirement of depositing. I paid the margin of $2,000 and still had $3,500 of risk fund to pay. Please help.
FXIJEkic3395
2021/07/25
Taiwan
It asked for margin of $2,000 before withdrawing. Then I was still unable to withdraw and had to pay $3,500 due to abnormal problems. Was it a scam? And it refused to tell me its telephone and address. I lost my living expenses. Please help.
FXIJEkic3395
2021/07/25
Taiwan
It asked for margin of $2,000 and risk fund of $3,500 before withdrawing. Will it add more fees? Please help.
FXIJEkic3395
2021/07/25
Taiwan
The Australian Securities and Investments Commission (ASIC) is an independent Australian government body that acts as Australia's corporate regulator, which was established on 1 July 1998 following recommendations from the Wallis Inquiry. ASIC's role is to enforce and regulate company and financial services laws to protect Australian consumers, investors and creditors. ASIC's authority and scope were determined by the Australian Securities and Investments Commission Act, 2001.
Current Status:
RegulatedLicense Type:
Market Making(MM)Regulated in Country/Area
Australia
Regulatory License No.：
254963Email Address of Licensed Institution :
paull@gomarkets.comLicense Type:
No SharingWebsite of Licensed Institution :
Expiry Date :
--Address of Licensed Institution :
Level 11, 447 Collins Street, MELBOURNE VIC 3000Phone Number of Licensed Institution :
385667680Licensed Institution Certified Documents :
GO MARKETS ASIC监管信息截图2_20200331 View Certified Documents GO MARKETS afca20200813更新 View Certified Documents GO MARKETS_FOS查询截图 View Certified Documents GO MARKETS PTY ASIC监管信息截图20200427 View Certified Documents GO MARKETS ASIC监管信息截图1_20200331 View Certified Documents 254963 AFCA牌照信息 20190213更新 View Certified Documents 254963 asic20210409更新 View Certified Documents GO MARKETS_ASIC监管查询信息截图1 View Certified Documents
The Seychelles Financial Services Authority（FSA） is an autonomous regulatory body responsible for the non-bank financial services in Seychelles. Established under the Financial Services Authority Act, 2013, FSA is responsible for permitting and regulating licenses, enforcing regulatory and compliance requirements, monitoring and supervizing the conduct of business in the non-bank financial services sector in Seychelles. The regulated activities include fiduciary services, capital market & collective investment schemes, insurance, gambling. FSA is also responsible for the registration of international business companies, foundations, limited partnership and international trust in Seychelles.
Current Status:
Offshore RegulatoryLicense Type:
Retail Forex LicenseRegulated in Country/Area
Seychelles
Regulatory License No.：
SD043Email Address of Licensed Institution :
compliance@gomarkets.scLicense Type:
No SharingWebsite of Licensed Institution :
Expiry Date :
--Address of Licensed Institution :
Suite 103, 1st Floor, Waterside Property, Eden Island, SeychellesPhone Number of Licensed Institution :
+248 4671903Licensed Institution Certified Documents :
GO MARKETS FSA监管截图 View Certified Documents
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Basic Information & Regulators of Go Markets
Go Markets is a well-known and established forex dealer in the industry with more than ten years' trading experience. The company was established in 2005 and is headquartered in Melbourne, Australia, with branches in many important cities worldwide. Go Markets has been committed to providing clients with a wide selection of online financial products, such as forex, gold, stock index, and crude oil. The company is currently under the supervision of the Australian Securities and Investments Commission (ASIC) (regulation number: 254963) and the Dubai Multi-Commodity Exchange Center (DMCC) (regulation number: 653535).
Market Instruments
The company provides mainstream and popular financial tradable instruments on the global market, mainly forex trandings, stock CFDs, commodities, crude oil, global stock indices, etc.
Leverage & Account of Go Markets
Forex tradings can enjoy the leverage of up to 1:300, and the maximum leverage of stock CFDs is 1:20. The highest leverage for Gold Price in US dollar is 1:300, and for Silver Price in US dollar is 1:50. The highest trading leverage for crude oil is 1:50. The spot indices; leverage varies from 1:100 to 1:200, and the leverage of the futures indices varies from 1:20-1:100. The company provides two types of accounts for investors with different trading experience and investment preferences: Standard Accounts and Low-Spread Accounts. The maximum leverage of both accounts is 1:300, and the minimum deposit is US$500.
Spreads & Commission Fees
There are no commissions for foreign exchange transactions, only spread fees. The main spreads for standard accounts are EuURUSD 1.6, Gold 4.0. gold, silver, and crude oil tradings do not charge commissions, and indices trading charges a fee of US$ 2 per standard lot. The main spreads for low-spread accounts are 0 pips for EUR/USD, 1.0 for gold, a fee of 7 dollars per standard lot for forex, 7 dollars per standard lot for gold and silver, and 2 dollars per standard lot for crude oil and index transactions.
Trading Platform Applied of Go Markets
The trading platform provided by the company is the MT4 desktop version & mobile version, MT5 desktop version & mobile version. MT4 is the most popular online trading terminal globally, and it is an important trading tool for investors in all online financial markets. Using GO Markets' high-quality transaction execution and the most competitive spread quotation, investors can directly trade more than 90 foreign exchange and CFD products on the MT4 trading platform with the international market. Compared with MetaTrader 4, MetaTrader 5, which is further optimized and upgraded, is a diversified financial market trading platform that provides excellent trading possibilities and technical analysis tools and allows the use of automated trading systems for automatic trading and copy trading. Millions of users worldwide have chosen to use the MetaTrader 5 trading platform.
Deposit & Withdrawal
The deposit and withdrawal methods support UnionPay and wire transfer. There is no handling fee for deposits, and withdrawals of less than USD 100 will incur a bank handling fee of USD 5 per trade. Withdrawals above $100 are free. According to the anti-money laundering policy, withdrawals from accounts without any transactions require an additional 2.5% handling fee.
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Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.
Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.
