Question 1

Is GO Markets a regulated broker, and is it safe to trade with?

Accepted Answer

Yes, GO Markets is regulated by several authorities, including ASIC (Australia), CySEC (Republic of Cyprus), FSC (Mauritius), and FSA (Seychelles). The broker maintains client funds in segregated accounts and offers negative balance protection, enhancing the safety of client investments. This multi-jurisdictional regulation and adherence to strict financial practices contribute to its trustworthiness in the market.

Question 2

What are the typical trading fees and commissions at GO Markets?

Accepted Answer

GO Markets offers competitive fees through two main account types. The Standard account is commission-free with spreads starting from 0.8 pips. The GO Plus+ account features raw spreads from 0.0 pips with a commission of $2.50 per side per standard lot, which is lower than the industry average. The broker does not charge inactivity, deposit, or withdrawal fees, though third-party processing fees may apply.

Question 3

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

Accepted Answer

GO Markets officially states that there is no minimum deposit required to open an account. However, one source indicates a $200 minimum deposit for the Plus+ account, which is also generally applicable for the Standard account to fully utilize the live trading service. This flexibility makes it accessible for a wide range of traders.

Question 4

How long do withdrawals take from a GO Markets account?

Accepted Answer

Transaction times may vary for withdrawals from GO Markets depending on the method used. E-wallets like Skrill and Neteller typically process within 1-2 hours or up to 24 hours. Credit/Debit card withdrawals can take up to 24 hours (with some sources indicating up to 5 business days), while bank wire transfers generally require 1-2 business days to process and 3-5 business days to reflect in your account.

Question 5

Is GO Markets beginner-friendly?

Accepted Answer

Yes, GO Markets is considered beginner-friendly due to its affordable trading accounts, a selection of user-friendly platforms like MT4 and MT5, and comprehensive educational content. Additionally, the broker offers a demo account for risk-free practice. While some sources mention a $200 minimum deposit, its overall ecosystem supports new traders effectively.

Question 6

What trading platforms does GO Markets offer?

Accepted Answer

GO Markets provides a robust suite of trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and TradingView. These platforms support a variety of trading styles with features like advanced charting, automated trading, and copy trading capabilities. They also offer free VPS hosting and the Genesis add-on for MetaTrader for enhanced performance.

Question 7

Does GO Markets offer a demo account, and for how long is it valid?

Accepted Answer

Yes, GO Markets offers a demo account that allows traders to practice strategies in a risk-free environment. This demo account is typically valid for 30 days and comes pre-loaded with virtual funds, allowing users to familiarize themselves with the platforms and trading conditions without financial commitment.

Question 8

Can I engage in social and copy trading activities with GO Markets?

Accepted Answer

Yes, GO Markets supports social and copy trading. The broker integrates with popular platforms like TradingView, which is a major social trading hub, and cTrader, which provides a comprehensive copy trading environment. This allows traders to follow and replicate the strategies of experienced signal providers.

GO Markets

Regulatory License

Account Information

Why Choose GO Markets

Key Point 1

Key Point 2

Key Point 3

Key Point 4

Key Point 5

Advantages

Disadvantages

Broker Details

More Brokers

Resources

Legal

Support