- Jump to:
- Regulations
- Trading Instruments
- Trading Platforms
- Payment Methods
- Account Types
- Support
- Conclusion
Founded in 2006, GO Markets is a multi-asset CFD broker that centers on the widely used MetaTrader 4 and MetaTrader 5 suites. The brand operates several regulated entities that collectively cover Australia, the European Economic Area, and a range of international jurisdictions. Its two core live accounts – the Standard (spread-only) and the GO Plus+ (raw spread + commission) – have a recommended minimum deposit of $200 and offer leverage up to 1:30 for retail EU clients and as high as 1:500 under the offshore entities. Instrument coverage is typical for a MetaTrader provider, spanning forex, indices, metals, energies, share CFDs, and a small line-up of cryptocurrencies.
Client money is held in segregated trust accounts across all entities, and EU clients benefit from negative balance protection and the CySEC Investor Compensation Fund. The broker does not publicly mention any equivalent compensation scheme for Australian or offshore clients. Copy trading is available through third-party solutions such as Myfxbook AutoTrade, and a free VPS is offered to higher-volume traders.
| General Information about GO Markets | |
|---|---|
| Min. Deposit | $0 ($200 recommended) |
| Supported Languages | N/A |
| Supported Currencies | AUD, CAD, CHF, EUR, GBP, HKD, NZD, SGD, USD |
| Website | https://www.gomarkets.com/en/ |
| Phone Number | +230 5869 0074, +357 2502 3910, +61 385 667 680 |
| Support Email | support.mu@gomarkets.com, support@gomarkets.eu, support@gomarkets.com |
| Headquarters Address | Level 7, 447 Collins Street, Melbourne, VIC, 3000, Australia |
Regulations
Australia – GO Markets Pty Ltd (ACN 081 864 039) is incorporated in Victoria and authorized by the Australian Securities and Investments Commission (ASIC) – AFSL 254963 since 27 July 2007. The registered office shown on the ASIC register is Level 11, 447 Collins Street, Melbourne VIC 3000. Under Australian law, the firm must segregate retail client funds but is not required to offer negative balance protection or investor compensation.
Cyprus – GO Markets Ltd (Company No. HE 351644) holds CySEC license 322/17 (Investment Firm) issued 3 April 2018. The company’s registered address is 31 Sotiros Kyrillou Avenue, Limassol 4011, Cyprus. Retail clients fall under MiFID II, enjoy negative balance protection, and are eligible for the Investor Compensation Fund up to €20,000.
Mauritius – GO Markets International Ltd (Company No. C118023335) is regulated by the Financial Services Commission (FSC) Mauritius as an Investment Dealer (Full Service Dealer excluding Underwriting), license number GB19024895 issued 12 December 2019. The registered office is Suite 213, 2nd Floor, The Catalyst, Silicon Avenue, 40 Cybercity, Ebène 72201. Mauritius regulation requires segregation of client assets but provides no statutory compensation scheme.
St Vincent & the Grenadines – GO Markets LLC (LLC 266/2020) is registered with the Financial Services Authority as an International Business Company. SVG registration is not a conduct license; therefore, clients rely primarily on the firm’s own protections.
The broker does not accept residents of the United States, Canada, Japan, or North Korea. Disputes for Australian clients can be escalated to the Australian Financial Complaints Authority (AFCA), while CySEC clients may refer unresolved complaints to the Financial Ombudsman Service of Cyprus.
The broker lists more than 50 currency pairs, including majors, minors and a handful of exotics such as USD/TRY. Typical raw spreads on EUR/USD are 0.1–0.3 pips in the GO Plus+ account, while Standard averages 1.2 pips. Margin requirement for retail EU clients is 3.33% (1:30) on majors and 5% (1:20) on minors/exotics. Trading is available 24/5, with liquidity sourced from multiple tier-1 banks via a straight-through-processing model. Metals coverage includes XAU/USD, XAG/USD, platinum and palladium. Energies feature US WTI and UK Brent crude as well as natural gas. Contract sizes are 100 ounces for gold and 1,000 barrels for oil; mini contracts are not offered. Swaps are charged daily according to the underlying interbank TOM/Next rate plus broker mark-up, published on the platform. GO Markets provides 14 cash indices such as AUS200, SP500, NAS100, DAX40 and HK50 alongside six futures variants. Leverage is capped at 1:20 (cash) and 1:10 (futures) for EU retail. Dividends and financing are reflected through overnight index adjustments visible in MT4/MT5. Cash indices trade nearly 24 hours with an hour break around the underlying close. Over 350 single-stock CFDs span the ASX, NYSE, NASDAQ, LSE and Deutsche Börse. Commission is 0.08% per side (min $5) for US shares in the Standard account; GO Plus+ applies raw exchange pricing plus the same commission schedule. Maximum leverage for retail EU is 1:5, while offshore clients may access up to 1:20. Corporate actions such as dividends, splits and rights issues are processed on an ex-date basis. The cryptocurrency line-up is limited to the four mainstream coins: BTC/USD, ETH/USD, LTC/USD and BCH/USD. Trading is available 24/7 except during Sunday maintenance (22:00–23:00 GMT). EU entities cap leverage at 1:2, whereas offshore clients may trade up to 1:20. The broker warns of heightened spread widening during volatile events and reserves the right to switch to “close-only” mode.Trading instruments
GO Markets offers a balanced CFD catalogue exceeding 600 symbols. Leverage tops out at 1:500 under the Mauritius and SVG entities, whereas ASIC and CySEC restrict retail traders to 1:30 on major FX and lower on other asset classes. All products are traded as contracts for difference with no physical delivery.Forex trading
Commodity trading
Index trading
Share CFD trading
Cryptocurrency trading
| Instrument | Spread |
|---|---|
| AUDUSD | AVG 1 pips |
| EURGBP | AVG 1.1 pips |
| EURUSD | AVG 0.9 pips |
| GBPUSD | AVG 1 pips |
| NZDUSD | AVG 1.1 pips |
| USDCAD | AVG 1.3 pips |
| USDCHF | AVG 1.3 pips |
| USDCNY | AVG 6.2 pips |
| USDJPY | AVG 1.1 pips |
Trading Platforms
Platforms |
PC / MAC |
Smartphones |
Tablets |
|---|---|---|---|
| MetaTrader 4 | |||
| MetaTrader 5 | |||
| Proprietary |
| Trading Information | |
|---|---|
| Trading Platforms | cTrader, MetaTrader 4, MetaTrader 5, TradingView |
| Demo Account | |
| Hedging | |
| Scalping | |
| US Traders | |
| Arabic Traders | |
GO Markets supports the classic MetaTrader stack on desktop, web, and mobile, supplemented by a browser-based GO WebTrader that mirrors MT5 functionality. Expert Advisors, VPS hosting, MAM/PAMM allocation, and several copy-trade plug-ins round out the toolkit. No proprietary downloadable terminal is offered.
MetaTrader 4
MT4 remains the broker’s headline platform for forex and CFD trading. GO Markets supplies over 50 currency pairs plus indices, metals, and energies in the MT4 environment, with one-click trading, 30 built-in indicators, and nine timeframes. The broker adds its own MT4 Accelerator pack, featuring an alarm manager, sentiment indicator, and advanced trade terminal. Both Standard and GO Plus+ accounts can be run on MT4, and Expert Advisors are fully permitted without execution restrictions.
Latency is kept low by Equinix NY4 servers, and high-volume traders who maintain an average balance of A$5,000 (or currency equivalent) can request a free VPS. Hedging and scalping strategies are allowed.
MetaTrader 5
MT5 offers an expanded product list that includes share CFDs from the US, UK, Australia, and Germany. The platform supports Depth of Market, netting or hedging modes, and an integrated economic calendar. GO Markets provides raw spreads from 0.0 pips on major FX during peak liquidity in the GO Plus+ account, subject to a commission of $6 round-turn per lot. The broker also enables MT5 Signals for copy trading, as well as partial order fills and an upgraded strategy tester.
Desktop, WebTrader, and native iOS/Android apps are available. MT5 is mandatory for access to share CFDs and most cryptocurrencies.
GO WebTrader
GO WebTrader is a browser interface powered by MetaQuotes that mirrors the MT5 server. It requires no download, streams market data in HTML5, and preserves all existing account credentials. Traders can open, modify, and close positions, run basic technical analysis with 31 indicators, and set price alerts via push notifications. It is particularly useful on corporate computers where installing desktop software is impossible.
Copy Trading
GO Markets integrates with Myfxbook AutoTrade, MT4/MT5 Signals, and DupliTrade. Subscribers can follow vetted strategy providers, filter by drawdown and risk score, and set equity stop levels. Fees vary: MT signals charge through performance spreads/commissions, whereas DupliTrade operates on a subscription basis starting from A$100 per month unless waived under volume programs. The broker imposes no additional mark-ups but warns that past performance is not indicative of future returns.
Payment Methods
GO Markets lists the main funding rails publicly: international and domestic bank transfer, Visa/Mastercard, PayPal, Skrill, Neteller, POLi (Australia only), and BPAY. Cryptocurrency deposits are not supported. All methods must be in the same name as the trading account to satisfy anti-money-laundering regulations.
The recommended minimum deposit is $200, though the broker does not enforce a formal floor. Card and e-wallet deposits usually credit instantly, while bank wires take 1-3 business days depending on the currency corridor. GO Markets does not levy internal deposit fees but notes that sender banks may charge. Withdrawals are typically processed within one business day; international wires incur a flat A$20 fee passed through from the banking network, whereas card and e-wallet payouts are free on the broker’s side.
Base account currencies vary by entity: AUD, USD, EUR, GBP, NZD, CAD, SGD, and HKD for Australia; EUR or USD for Cyprus; and USD for Mauritius and SVG. Funding in a non-base currency triggers conversion at the prevailing bank or card rate; therefore, using a domestic-currency wallet is advisable.
Security checks require clients to upload government ID and proof of address before any withdrawal. The broker returns funds to the original source up to the deposited amount; profits can then be sent by bank transfer.
| Brand | Minimum | Fees | Processing Time |
| $50 | None | Instant | |
| $50 | None | Instant | |
| $50 | None | 1–3 business days | |
| $50 | None | Instant | |
| $50 | None | Instant | |
| $50 | None | Instant | |
| $50 | None | Instant | |
| $50 | None | Same day |
| Brand | Minimum | Fees | Processing Time |
| $50 | None from broker | 3–5 business days | |
| $50 | None from broker | 3–5 business days | |
| $100 | $20 international wire; domestic free | 1–5 business days | |
| $50 | None from broker | Same day processing | |
| $50 | None from broker | Same day processing | |
| $50 | None from broker | Same day processing |
Account Types
GO Markets provides unlimited demo accounts plus two core live accounts (Standard and GO Plus+) available as retail or professional status, alongside an optional swap-free variant for eligible Islamic clients. Leverage is entity-dependent: up to 1:30 for EU retail, 1:50 for ASIC retail, and 1:500 for offshore clients. Professional and wholesale categories can access higher leverage where local rules permit.
| Market | Leverage |
|---|---|
| Commodity CFDs | 1:10 (ASIC) |
| Commodity CFDs | 1:10 (CySEC) |
| Commodity CFDs | 1:500 (FSAS) |
| Commodity CFDs | 1:500 (FSCM) |
| Commodity CFDs | 1:500 (SVGFSA) |
| Crypto CFDs | 1:2 (ASIC) |
| Crypto CFDs | 1:2 (CySEC) |
| Crypto CFDs | 1:20 (FSAS) |
| Crypto CFDs | 1:20 (FSCM) |
| Crypto CFDs | 1:20 (SVGFSA) |
| ETF CFDs | 1:5 (ASIC) |
| ETF CFDs | 1:20 (FSAS) |
| ETF CFDs | 1:20 (SVGFSA) |
| ETFs | 1:20 (FSCM) |
| Forex CFDs | 1:30 (ASIC) |
| Forex CFDs | 1:30 (CySEC) |
| Forex CFDs | 1:500 (FSAS) |
| Forex CFDs | 1:500 (FSCM) |
| Forex CFDs | 1:500 (SVGFSA) |
| Index CFDs | 1:20 (ASIC) |
| Index CFDs | 1:20 (CySEC) |
| Index CFDs | 1:500 (FSAS) |
| Index CFDs | 1:500 (FSCM) |
| Index CFDs | 1:500 (SVGFSA) |
| Metal CFDs | 1:20 (ASIC) |
| Metal CFDs | 1:20 (CySEC) |
| Metal CFDs | 1:500 (FSAS) |
| Metal CFDs | 1:500 (FSCM) |
| Metal CFDs | 1:500 (SVGFSA) |
| Share CFDs | 1:5 (ASIC) |
| Share CFDs | 1:5 (CySEC) |
| Share CFDs | 1:20 (FSAS) |
| Share CFDs | 1:20 (FSCM) |
| Share CFDs | 1:20 (SVGFSA) |
| Treasuries | 1:5 (CySEC) |
| Treasuries | 1:100 (FSAS) |
| Treasuries | 1:5 (FSAS) |
| Treasuries | 1:100 (FSCM) |
| Treasuries | 1:100 (SVGFSA) |
Standard Account
The Standard account incorporates all trading costs into the spread, which starts from 1.0 pip on EUR/USD during liquid hours and averages 1.2-1.4 pips across the day. No commission is charged. The account is available on both MT4 and MT5 with the full instrument list and supports hedging, scalping, and EAs. The broker recommends a deposit of $200, though smaller amounts are technically accepted. This format suits beginners who prefer simpler cost structures.
GO Plus+ Account
GO Plus+ offers raw interbank spreads from 0.0 pips, subject to a $3.00 per side per standard lot commission (total $6 round-turn) on forex and metals. Typical raw spreads on majors are 0.1-0.3 pips during peak sessions. Indices, commodities, and cryptocurrencies trade on a mark-up basis even in GO Plus+. The recommended minimum deposit is $500. Active traders who scalp or algorithmically trade generally favor this model, and it is the only account tier that qualifies for the free VPS once volume criteria are met.
Islamic (Swap-Free) Account
Muslim clients who prove Shariah compliance can request the swap-free option on either Standard or GO Plus+. Overnight interest is replaced with an administration fee that varies by symbol, published in the product schedule. The account is not available for cryptocurrency pairs and certain exotic FX. All other trading conditions remain identical to the parent account.
Demo Accounts
Registration for a demo takes less than two minutes and requires only name, email, and phone. Demos default to a $50,000 virtual balance but can be customized. They run for 30 days unless converted to unlimited upon account verification. Market data mirrors live spreads and swap values, enabling strategy testing and EA optimization on MT4/MT5. Users may open multiple concurrent demos in different base currencies.
Support
GO Markets maintains 24/5 multilingual support via live chat, email, and telephone. Live chat is accessible directly from the website and the client portal; average wait times during London and New York sessions are under two minutes. Phone support is routed through Australian and Cypriot desks in English, Mandarin, Vietnamese, Thai, and Arabic, with callback requests handled within the same business day.
Email tickets (support@gomarkets.com) are monitored around the clock on weekdays, and the broker pledges to respond within 24 hours. A searchable knowledge base covers account opening, platform installation, funding, and corporate actions. Basic queries are handled by a chatbot before escalation to a human agent.
Conclusion
GO Markets combines long-standing ASIC oversight with a CySEC passport for the EEA, supplemented by offshore entities for higher leverage. Strengths include the familiar MT4/MT5 environment, a clear two-tier pricing structure, and solid deposit/withdrawal transparency. The addition of share CFDs, copy-trade integrations, and a free VPS for active clients extends its appeal to both discretionary and automated traders.
Limitations are typical of a MetaTrader-centric broker: no proprietary platform innovation, modest cryptocurrency coverage, and no statutory investor compensation outside the EU. Australian clients also lack guaranteed negative balance protection. Overall, GO Markets is well-suited to cost-conscious traders who value tight spreads on MT4/MT5 and are comfortable with the regulatory protection levels provided by each entity.
