When choosing a broker, it’s essential to consider all aspects, from regulatory compliance to user reviews. GO Markets is a prominent name in the trading industry, known for its wide range of offerings. But does it live up to the expectations? In this detailed review, we’ll explore everything you need to know about GO Markets.

GO Markets Overview

GO Markets was established in 2006 and has since become a well-known broker in the trading community. Based in Australia, the broker offers a variety of trading instruments, including forex, commodities, indices, and cryptocurrencies. They cater to both retail and institutional traders, providing a platform that suits different trading styles and preferences.

Regulatory Compliance

GO Markets operates under the jurisdiction of the Australian Securities and Investments Commission (ASIC). ASIC is considered one of the most trustworthy and stringent regulators in the financial industry. This regulatory compliance ensures that GO Markets adheres to strict guidelines, providing a secure trading environment for its clients.

Trading Platforms

GO Markets offers two main platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are renowned for their robust features and user-friendly interfaces. MT4 is particularly favoured for forex trading, while MT5 offers more advanced functionalities, including additional timeframes and order types. Both platforms support automated trading through Expert Advisors (EAs).

Account Types and Funding

GO Markets provides several account types to cater to different traders. These include the Standard Account and the GO Plus+ Account. The Standard Account is ideal for beginners, offering zero commissions and competitive spreads. On the other hand, the GO Plus+ Account is designed for more experienced traders, providing tighter spreads at the cost of a small commission per trade.

Funding your account is straightforward with GO Markets. They support various payment methods, including bank transfers, credit/debit cards, and e-wallets like Skrill and Neteller. The broker ensures fast and secure transactions, making it convenient for traders to deposit and withdraw funds.

Customer Support

One of the key strengths of GO Markets is its customer support. They offer 24/5 support through multiple channels, including live chat, email, and phone. The support team is known for being responsive and knowledgeable, helping traders resolve their issues promptly.

Educational Resources

GO Markets places a strong emphasis on trader education. They provide a wealth of resources, including webinars, eBooks, video tutorials, and market analyses. These resources are invaluable for both novice and experienced traders looking to enhance their trading skills and market knowledge.

User Reviews and Feedback

GO Markets has received mixed reviews across various platforms. On Trustpilot, the broker holds an average rating of 4.2 out of 5, with many users praising their customer service and platform reliability. However, some users have reported issues with slippage and spreads during high volatility periods. Similarly, on ForexPeaceArmy, GO Markets has an average rating, with positive comments about their educational resources but some concerns about withdrawal times.

Pros and Cons

Pros:

• Strong regulatory compliance under ASIC
• Variety of trading instruments
• User-friendly MT4 and MT5 platforms
• Excellent customer support
• Comprehensive educational resources

Cons:

• Reports of slippage during volatile periods
• Some concerns about withdrawal processing times

Conclusion

In summary, GO Markets stands out as a reputable broker with a solid regulatory framework and a strong focus on customer service and education. While they have received some mixed reviews, their overall reputation in the trading community remains positive. Whether you are a beginner or an experienced trader, GO Markets offers a reliable platform to meet your trading needs.