Go Markets offers a variety of account types to cater to different trading needs and experience levels. The two primary account types are:
- Standard Account:
- Best for: Beginners and casual traders.
- Minimum Deposit: $200.
- Spreads: From 1.0 pips.
- Commission: None.
- Leverage: Up to 30:1 (ASIC, CySEC) and up to 500:1 (FSA).
- Trading Platforms: MetaTrader 4, MetaTrader 5, WebTrader, cTrader.
- Trading Instruments: Forex, commodities, metals, indices, shares, cryptocurrencies, treasuries, ETFs.
- Key Features: Negative balance protection, KYC verification required, maximum positions of 200 for live accounts.
- Go Plus Account:
- Best for: Algo traders and those seeking tighter spreads.
- Minimum Deposit: $200.
- Spreads: From 0.0 pips.
- Commission: $3.00 per side on a standard lot.
- Leverage: Up to 30:1 (ASIC, CySEC) and up to 500:1 (FSA).
- Trading Platforms: MetaTrader 4, MetaTrader 5, WebTrader, cTrader.
- Trading Instruments: Similar to the Standard Account.
- Key Features: VPS available for $10/month or free with a trading volume of 10 lots.
Additionally, Go Markets provides demo accounts for practice, which expire after 30 days.
Go Markets Broker Account Opening Process
Opening an account with Go Markets is a straightforward process that can be completed online. Here are the steps involved:
- Visit the Go Markets Website: Navigate to the official Go Markets site.
- Select Account Type: Choose between the Standard or Go Plus account.
- Fill Out Registration Form: Provide personal information such as name, email, and phone number.
- Complete KYC Verification: Upload required documents for identity and address verification (e.g., passport, utility bill).
- Fund Your Account: Make an initial deposit of at least $200 using various funding methods (credit card, bank transfer, e-wallets).
- Start Trading: Once your account is verified (usually within 1 business day), you can begin trading.
The entire process is designed to be user-friendly, allowing traders to set up their accounts quickly and efficiently.
GO MARKETS accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .