Rating Index
Pros
Well-regulated by multiple authorities, including ASIC and CySEC, providing a secure trading environment.
Offers a variety of trading platforms, including MT4, MT5, and cTrader, catering to different trading preferences.
Competitive trading fees with low spreads and a commission-based account option, appealing to both casual and professional traders.
Cons
The minimum deposit requirement of $200 may be higher than what some traders are willing to invest initially.
Customer support is not available 24/7, which could be a limitation for traders in different time zones.
Conditions and offerings may vary significantly depending on the regulatory entity under which the trader operates.
GOO MARKETS LLC broker Accounts
GO Markets LLC Account Types
GO Markets LLC offers a variety of account types tailored to meet the needs of different traders. The main account types include:
- Standard Account:
- Best for: Casual traders and beginners.
- Minimum Deposit: $200.
- Spreads: From 1.0 pips.
- Commission: None.
- Available Platforms: MetaTrader 4 and MetaTrader 5.
- Leverage: Up to 1:30 (ASIC, CySEC) and up to 1:500 (FSC).
- Trading Instruments: Access to over 600 assets including forex, indices, commodities, and shares.
- Go Plus+ Account:
- Best for: Experienced traders and algorithmic traders.
- Minimum Deposit: $200.
- Spreads: From 0.0 pips.
- Commission: $3.00 per side on standard lots.
- Available Platforms: MetaTrader 4 and MetaTrader 5.
- Leverage: Up to 1:30 (ASIC, CySEC) and up to 1:500 (FSC).
- Trading Instruments: Access to over 600 assets with tighter spreads suitable for high-frequency trading.
- Pro Account:
- Best for: Professional traders and institutional clients.
- Minimum Deposit: $3,000.
- Spreads: From 0.0 pips.
- Commission: $7 per lot on forex and metals, $2 per lot on commodities and indices.
- Available Platforms: MetaTrader 4 and MetaTrader 5.
- Leverage: Up to 1:300.
- Special Features: Higher leverage, dedicated account manager, and priority customer support.
- Corporate Account:
- Best for: Companies looking to invest business funds.
- Minimum Deposit: Varies based on the initial account type.
- Spreads: From 0.0 pips.
- Commission: $3.50 AUD per side.
- Available Platforms: MetaTrader 4 and MetaTrader 5.
- Leverage: Up to 1:30.
Visit the GO Markets Website: Go to the official GO Markets website and click on “Open Live Account.”
Fill in the Registration Form: Provide your personal details including:
- Name
- Email Address
- Phone Number
- Country of Residence
Select Account Type and Base Currency: Choose the account type that suits your trading needs (Standard, Go Plus+, Pro, or Corporate) and select your preferred base currency (AUD, USD, EUR, GBP, etc.).
Verify Your Identity: Upload the required documents for identity verification:
- Proof of Identity (passport, national ID, or driver's license).
- Proof of Address (recent utility bill or bank statement).
Complete Trading Experience Survey: Answer questions regarding your trading experience and financial knowledge.
Fund Your Account: After verification, deposit funds into your account using various methods including bank transfer, credit/debit cards, and e-wallets.
Start Trading: Once your account is funded, you are ready to access GO Markets' trading platforms and start trading.
GO Markets Broker Account Opening Process
Opening an account with GO Markets is a straightforward process that can typically be completed within one business day. Here are the steps to follow:
This process ensures that all regulatory requirements are met while providing a user-friendly experience for traders.
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