GO MARKETS Forex Broker

GO MARKETS Review SummaryFounded2006Registered Country/RegionAustraliaRegulationRegulated by ASIC, CYSEC, FSAMarket InstrumentsForex, Commodities, Metals, Indices, Shares, Cryptocurrencies, Treasuries, ETFsDemo Account✅EUR/USD SpreadFrom 0 pipsLeverageUp to 1:500Trading PlatformMT4/5, cTraderMinimum Deposit/Customer SupportContact ticketPhone: +230 5869 0074Email: support.mu@gomarkets.com; newaccounts.mu@gomarkets.comHead office: Level 7 Office 12, ICONEBENE Lot B441, Rue de LInstitutEbeneGO MARKETS Information GO MARKETS began in Australia as an online CFD brokerage company and now operates in Mauritius. It offers trading services in forex, commodities, indices, cryptocurrencies, ETFs and shares. It offers the industry-leading MetaTrader 4 and 5 platforms to enhance customer trading experience. A demo account is available for practicing, with tight spread from 0 pips for live accounts. And the broker implements fund segregation to separate client funds from their operational accounts. In addition, educational resources are also provided to equip investors with necessary knowledge and skills for successful trading. The good thing is that the company is regulated by ASIC, FSA and CYSEC, which means its financial activities are strictly watched by these authorities, to some extent guarantees a certain level of customer protection.Pros and ConsPros Cons ASIC/CYSEC/FSA regulatedNo info on minimum depositMT4/5 platformDemo accountsFund segregationNo deposit feesEducational resourcesLong operation timeTight spreadsIs GO MARKETS Legit? GO MARKETS is currently being well regulated by ASIC (Australia Securities & Investment Commission), CYSEC (Cyprus Securities and Exchange Commission), FSA (The Seychelles Financial Services Authority) with license no. 000254963, 322/17 and SD043 respectively.Regulated CountryRegulatorCurrent StatusRegulated EntityLicense TypeLicense No.ASICRegulatedGO MARKETS PTY LTDMarket Maker (MM)000254963CYSECRegulatedGo Markets LtdMarket Maker (MM)322/17FSARegulatedGo Markets International LtdRetail Forex LicenseSD043What Can I Trade on GO MARKETS?Tradable Instruments Supported Forex✔Commodities✔Treasuries✔Indices✔Stocks✔Cryptocurrencies✔ETFs✔Bonds❌Options❌Mutual Funds❌Account Type To familiarize yourself before commiting actual trading, you can start with a demo account to practice your trading strategies. While being confident enough to open a live account, you can go with a “GO Plus+” account and a “Standard” account with different trading conditions:Account TypeBase currencySpread CommissionMT4AUD, USD, EUR, GBP, NZD, CAD, SGD, CHF, HKDFrom 0 pipS$2.5 per side per lotMT5From 0.8 pips❌Leverage While the broker offers leverage up to 1:500, different maximum leverage for various products are at different levels:Asset ClassMaximum LeverageForex CFDs1:500Share CFDs1:20Metal/Commodity CFDs1:500Index CFDs1:500Treasury CFDs1:100Cryptocurrency CFDs1:20ETFs CFDs1:20 Traders should use leverage cautiously and choose the products that best suit their experience levels to avoid huge losses.Trading Platform GO MARKETS claims to use the world renowned MetaTrader 4 and 5 platforms, which are well-recognized by its advanced charting tools and robust functionalities. These platforms support strong trading tools such as Virtual Private Server (VPS) and MetaTrader Genesis. Besides, cTrader, the popular platform with user-friendly interface is also available. TradingView, a platform which provides powerful tools for advanced charting and technical analysis, is also provided by the company to assit investors with informative trading.Trading PlatformSupported Available Devices Suitable forTrading View✔Web, mobile, Windows, MacAll levels of traderscTrader✔Web, mobile, Windows, MacBeginnersMT4✔Web, mobile, Windows, MacBeginnersMT5✔Web, mobile, Windows, MacExperienced tradersDeposit and Withdrawal GO MARKETS accepts payment through Mastercards, VISA, SKrill, Neteller and bank transfers. The broker itself does not charge any deposit or withdrawl fees, but fees might occur by a third-party banking institutions.Rebate Programs There's a rebate program by the broker. Once you meet the minimum monthly trading volume, you can earn between 10% to 30% of spreads and commissions paid depending on the tier you reach. For more and the newly updated details you can reach https://www.gomarkets.com/en/volume-rebates-for-traders/.