Traders Union has released its comprehensive review of GO Markets for the year 2023. This review provides traders with an in-depth analysis of the platform, including its features, pros and cons, and overall performance. The review also highlights the broker’s ranking in the Traders Union ranking system and provides valuable insights for traders who are looking to choose a reliable trading platform.
According to the review, GO Markets is a leveled-up platform that has made significant strides in the Traders Union ranking system. The broker was rated 4.24 out of 10.0, classified among brokers that are to be avoided due to the significant amount of risk they carry, earlier this year. The review provides traders with a detailed breakdown of the broker’s features, including the minimum deposit, trading platform, regulation, and bonus for deposit. This information can help traders make an informed decision about whether GO Markets is the right platform for them.
GO Markets Overview
GO Markets is a Forex and CFD broker with a long history in the financial markets. The company was founded in 2006 and is headquartered in Melbourne, Australia. GO Markets is known for its competitive pricing, fast execution, and excellent customer service.
Company Background
GO Markets has been in the Forex and CFD brokerage business for over 17 years. The company was founded in 2006 by a team of financial experts who had a vision to provide traders with a reliable and transparent trading platform. GO Markets has grown to become one of the leading Forex and CFD brokers in the industry, serving clients from over 150 countries worldwide.
Regulatory Compliance
GO Markets is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Commission (FSC) of Mauritius. These regulatory bodies ensure that GO Markets adheres to strict standards of financial transparency and customer protection.
Platform Accessibility
GO Markets offers its clients access to the popular MetaTrader 4 and MetaTrader 5 trading platforms. These platforms are known for their user-friendly interface, advanced charting tools, and customizable indicators. GO Markets also provides a mobile trading app, allowing traders to access their accounts and trade on-the-go.
In summary, GO Markets is a reputable Forex and CFD broker with a long history of providing traders with a reliable and transparent trading platform. The company is regulated by CySEC and FSC, ensuring that clients’ funds are safe and protected. Traders can access the popular MetaTrader 4 and MetaTrader 5 trading platforms, as well as a mobile trading app, making it easy to trade from anywhere, at any time.
Trading Experience
Account Types
GO Markets offers three account types: Standard, Pro, and GO Plus+. The Standard account is suitable for beginners, while the Pro account is designed for experienced traders. The GO Plus+ account is for high-volume traders. All three accounts require a minimum deposit of €100 and offer leverage up to 1:500. The GO Plus+ account has the lowest spreads, starting from 0.0 pips.
Asset Offerings
GO Markets offers a wide range of assets, including forex, indices, commodities, and cryptocurrencies. Traders can choose from over 350 instruments to trade. The broker also offers access to the ASX 200 index, which is the benchmark index for the Australian stock market.
Spreads and Fees
GO Markets has competitive spreads, with the lowest spreads available on the GO Plus+ account. The broker charges a commission of $3 per lot on the Pro account, while the Standard account has no commission. Traders should also be aware of the overnight financing fees, which can be found on the broker’s website.
Customer Support
GO Markets has a knowledgeable and responsive customer support team that is available 24/5. Traders can contact the support team via live chat, email, or phone. The broker also has an extensive FAQ section on its website, which provides answers to common questions.
Educational Resources
GO Markets offers a range of educational resources for traders of all levels. The broker has a comprehensive education center on its website, which includes video tutorials, webinars, and trading guides. Traders can also access market analysis and trading signals. Overall, GO Markets provides a robust trading experience for traders of all levels.
