GO MARKETS forex broker provides various trading information, with an average trading speed of 425.9ms, a trading cost of AA, an average slippage of 0.2, a liquidation rate of 0.70%, a spread cost of 17.64, etc
Software Index
Regulation
VPS Region | User | Products | Closing time |
---|---|---|---|
![]() | 624*** | XAUUSD.ch | 02-13 02:25:14 |
![]() | 855*** | EURUSD | 02-13 06:46:23 |
![]() | 669*** | EURUSD | 02-13 06:46:23 |
Stop Out
0.70%
Stop Out Symbol Distribution
6 months
In the dynamic world of forex trading, choosing the right broker is crucial for success. GO Markets, established in 2006, has positioned itself as a prominent player in the forex and CFD markets, recognized for its competitive trading conditions and robust trading platforms. This article will delve into three core aspects of GO Markets: its trading conditions, available platforms and products, and an evaluation of its strengths and weaknesses.
Established | Regulatory Authority | Headquarters | Minimum Deposit | Leverage | Average Spread |
---|---|---|---|---|---|
2006 | ASIC, CySEC, FSC, FSA | Melbourne, Australia | AUD 200 | Up to 500:1 | From 0.0 pips |
GO Markets offers competitive trading conditions that appeal to both novice and experienced traders. With a minimum deposit of AUD 200, the broker allows access to leverage ratios up to 500:1, providing traders with the ability to maximize their trading potential. The average spread starts from as low as 0.0 pips for selected currency pairs, which is competitive compared to industry standards.
In comparison to other brokers, GO Markets stands out with its low spread offerings and high leverage, making it an attractive option for traders looking to optimize their trading strategies. However, potential clients should be aware of the risks associated with high leverage, as it can amplify both profits and losses.
GO Markets provides access to several trading platforms, including the widely used MetaTrader 4 (MT4) and MetaTrader 5 (MT5), alongside its proprietary web-based platform. These platforms are equipped with advanced charting tools, automated trading capabilities, and a variety of technical indicators, enhancing the trading experience for users.
Currency Pair Category | Number Offered | Minimum Spread | Trading Hours | Commission Structure |
---|---|---|---|---|
Major Pairs | 50+ | From 0.0 pips | 24/5 | $2.50 per lot (Go Plus) |
Minor Pairs | 20+ | From 0.5 pips | 24/5 | $2.50 per lot (Go Plus) |
Exotic Pairs | 24 | From 3.0 pips | 24/5 | $2.50 per lot (Go Plus) |
The broker offers a wide array of over 1,000 tradable instruments, including forex pairs, commodities, indices, and cryptocurrencies. The execution speed is notably fast, with minimal slippage reported, allowing traders to capitalize on market movements efficiently. The combination of competitive spreads and rapid execution makes GO Markets a preferred choice for scalpers and high-frequency traders.
GO Markets employs strict security measures to protect client funds, including segregated accounts held in reputable banks. Additionally, the broker utilizes advanced encryption protocols to ensure the safety of personal and financial information. Customer satisfaction is reflected in positive ratings, with an average score of 4.8 out of 5 on Trustpilot, indicating a high level of client contentment.
For traders looking to utilize GO Markets effectively, a basic strategy could involve trading major currency pairs during peak market hours, utilizing the lower spreads offered. Traders can implement a simple moving average crossover strategy, entering trades when a short-term moving average crosses above a long-term moving average, and exiting when the opposite occurs. This strategy can help capitalize on market trends while managing risk.
In conclusion, GO Markets presents a solid option for traders seeking a reliable and well-regulated broker. With competitive trading conditions, advanced trading platforms, and a commitment to education, it is well-suited for both novice and experienced traders. However, potential clients should consider their trading needs and whether the available account types align with their strategies.
Is GO Markets a regulated broker?
Yes, GO Markets is regulated by multiple authorities, including ASIC and CySEC, ensuring a secure trading environment.
What trading platforms does GO Markets offer?
GO Markets supports MetaTrader 4 (MT4), MetaTrader 5 (MT5), and its proprietary web platform, providing a versatile trading experience.
What is the minimum deposit required to open an account?
The minimum deposit for a standard account is AUD 200, while the Go Plus account requires a higher initial investment.
Trading in forex and CFDs involves significant risk and may not be suitable for all investors. You could lose all or part of your initial investment. Always consider your investment objectives and risk tolerance before trading.