Go Markets 2025 Review: Everything You Need to Know
Go Markets, established in 2006, has solidified its reputation as a reliable forex and CFD broker, particularly recognized for its competitive trading conditions and robust educational resources. Users generally praise the broker for its low spreads and diverse trading platforms, while some concerns have been raised regarding customer support and withdrawal processes. This review synthesizes various expert opinions and user experiences to provide a comprehensive evaluation of Go Markets.
Note: It's important to highlight that Go Markets operates through multiple entities across different jurisdictions, which may result in varying trading conditions and regulations. This aspect should be considered when evaluating the broker's services and reliability.
Ratings Overview
We assess brokers based on a combination of user feedback, expert analysis, and factual data from reliable sources.
Broker Overview
Founded in 2006, Go Markets is an Australian-based broker that has evolved into a prominent player in the forex and CFD trading space. The broker is licensed by several regulatory bodies, including the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC), which enhances its credibility. Go Markets offers popular trading platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5), catering to a wide range of traders. The broker provides access to various asset classes, including forex, indices, commodities, and shares, making it an attractive option for diverse trading strategies.
Detailed Analysis
Regulatory Regions
Go Markets is regulated in multiple jurisdictions, including Australia, Cyprus, Mauritius, and Seychelles. This regulatory framework provides traders with a sense of security, as they are protected under stringent guidelines. However, it is essential to note that the level of protection and trading conditions can vary significantly depending on the entity through which a trader operates.
Deposit/Withdrawal Currency and Cryptocurrencies
Go Markets accepts deposits in various currencies, including AUD, USD, EUR, GBP, NZD, CAD, SGD, CHF, and HKD. While the broker does not support direct cryptocurrency trading, it allows clients to trade cryptocurrencies through CFDs in specific regions.
Minimum Deposit
The minimum deposit required to open a trading account with Go Markets is $200, which is relatively standard compared to industry norms. This amount grants access to both the standard and Go Plus+ accounts, allowing traders to choose the account type that best fits their trading style.
Go Markets does not offer extensive bonuses or promotions, focusing instead on providing a competitive trading environment. However, they have been known to provide cashback rebates for high-volume traders, which can enhance profitability.
Tradable Asset Classes
Go Markets provides access to over 1,000 tradable instruments, including more than 50 currency pairs, various indices, commodities, and share CFDs. This diverse offering allows traders to implement various strategies and manage risk effectively.
Costs (Spreads, Fees, Commissions)
Go Markets is known for its competitive pricing structure. Spreads for the standard account start at approximately 1 pip, while the Go Plus+ account offers spreads from 0.0 pips, subject to a commission of $3 per side. This flexibility allows traders to select an account type that aligns with their trading frequency and strategy.
Leverage
The broker offers leverage of up to 1:500, depending on the regulatory environment and account type. While high leverage can amplify potential profits, it also increases risk, making responsible use essential.
Go Markets supports several trading platforms, primarily MT4 and MT5. These platforms are well-regarded for their user-friendly interfaces and extensive analytical tools. Additionally, Go Markets offers a web-based trading platform, providing flexibility for traders who prefer not to download software.
Restricted Regions
Go Markets does not accept clients from certain regions, including the United States, Japan, Iran, and North Korea, due to regulatory restrictions. This limitation should be considered when assessing the broker's availability.
Available Customer Service Languages
The customer support team at Go Markets is multilingual, providing assistance in English, Portuguese, Spanish, Bahasa Indonesian, Dutch, Italian, Malay, and more. This diverse language support enhances the overall user experience, especially for international clients.
Ratings Overview (Repeated)
Detailed Breakdown
Account Conditions
Go Markets offers two main account types: the standard account, which is commission-free with spreads starting at 1 pip, and the Go Plus+ account, which provides raw spreads from 0.0 pips with a commission of $3 per side. This flexibility allows traders to choose an account type that aligns with their trading strategy and volume.
The broker excels in offering a wide range of tools and resources, including educational materials, webinars, and advanced trading tools like Autochartist and Trading Central. These resources are invaluable for traders looking to enhance their skills and market understanding.
Customer Service & Support
While Go Markets provides 24/5 customer support, user experiences have been mixed. Some users report excellent service, while others have encountered delays in responses and issues with withdrawals. This inconsistency highlights the need for improvement in customer support.
Trading Experience
The overall trading experience with Go Markets is generally positive, with users appreciating the low spreads and fast execution speeds. However, some traders have raised concerns about platform stability during high volatility periods, which could potentially impact trading outcomes.
Trustworthiness
Go Markets is considered a trustworthy broker, primarily due to its regulatory oversight from top-tier authorities like ASIC and CySEC. However, some users have reported issues with profit withdrawals and account freezes, which could raise concerns about the broker's practices.
User Experience
The user experience on Go Markets is largely favorable, with a well-designed platform that caters to both beginners and experienced traders. The availability of demo accounts allows new traders to practice without financial risk, further enhancing the overall user experience.
In conclusion, Go Markets presents a compelling option for traders seeking a reliable and competitive trading environment. While there are areas for improvement, particularly in customer support, the broker's strong regulatory framework, low trading costs, and extensive educational resources make it a notable choice in the forex and CFD market.
