GO Markets Overall rating

	Rating	Weight
User Rating	4.0 (2 reviews)	3
Popularity	3.5	3
Regulation	5.0	2
Pricing rating	4.2	1
Features	Not rated	1
Customer Support	Not rated	1

We tested GO Markets using real-money live accounts. Our reviews are unique in that they do not have any bias for or against any broker and are driven purely on the underlying data we compile from live account testing, regulatory data, and opinions from customers. We list all brokers and do not charge a fee for it. We offer additional visibility for a fee, but our review content cannot be influenced. Read our About Us page to read our editorial guidelines and how we make money.

Trustworthiness & Regulation

GO Markets, founded in 2006, is a well-established broker with multiple regulatory licenses. The broker is regulated by AU ASIC in Australia, CY CYSEC in Cyprus, MU FSC in Mauritius, SC FSA in Seychelles, and operates non-regulated in Saint Vincent and the Grenadines.

User reviews rate GO Markets at 4.0 out of 5, and it ranks 43rd out of 815 forex brokers based on user ratings and 78th based on expert ratings. The broker enjoys a popularity rating of 3.5 out of 5, indicating good user engagement and web traffic.

With 85,757 organic monthly visits, GO Markets ranks 140th for organic traffic among forex brokers. It's important to remember that even highly regulated and successful financial firms have failed in the past, so due diligence is always recommended.

Company	Licenses & Regulations	Segregated Client Money	Deposit Compensation Scheme	Negative Balance Protection	Rebates	Max. Leverage Retail Clients
GO Markets Pty Limited	Australia - AU ASIC					30 : 1
GO Markets Ltd	Cyprus - CY CYSEC		up to €20,000			30 : 1
GO Markets Pty Ltd (MU)	Mauritius - MU FSC					500 : 1
GO Markets International Ltd	Seychelles - SC FSA					500 : 1
GO Markets LLC Saint Vincent and the Grenadines						500 : 1

Deposit Insurance

GO Markets provides different levels of deposit insurance and investor compensation depending on the regulatory framework. Under the CY CYSEC regulation in Cyprus, GO Markets offers a deposit compensation scheme that compensates investors if the financial firm fails. This scheme is crucial for protecting client funds and providing peace of mind.

However, in other jurisdictions like Australia (AU ASIC) and Mauritius (MU FSC), there is no deposit compensation scheme in place. Segregated client money is maintained across all jurisdictions, ensuring that client funds are kept separate from the company's operating capital. This segregation of funds helps protect clients' investments in case of the company's financial difficulties.

Spreads and Costs

GO Markets offers competitive average spreads across various asset classes. When comparing averages, GO Markets has lower spreads than some market-leading brokers in major asset classes.

For example, their average Forex spread is 1.56 pips, which is lower than Exness and Tickmill but slightly higher than IC Markets. The crypto spreads are also competitive at 14.04, although not the lowest in the market.

Overall, GO Markets offers low to in-line average spreads and costs compared to other brokers.

Combined Spread/Commission Costs by Asset Class Compared to Market Leading Brokers

Crypto averages comprise (BTCUSD, ETHUSD), forex averages comprise (EURUSD, USDJPY, GBPJPY, EURGBP, AUDNZD, CADCHF), indices averages comprise (US30, AUS200), and commodities average comprises (XAUUSD, XAGUSD). Data is sampled every 10 seconds for 24 hours to calculate the average. Forex is stated in pips, and the others are stated in base currency. All spreads include both spread and commission calculated in.

Our data comes from our sophisticated spread analyzer tool, which collects live account information and syncs with our performance analytics system. To compare all brokers and instruments with the latest live data, visit our spread analyzer tool. A spread is the difference between the bid (sell) and ask (buy) price of an asset and can vary widely between brokers and account types.

Some brokers charge higher spreads but no commission, while others charge both, making it crucial to assess the total cost, which includes both spread and commission. Our values reflect this all-in cost. Note that some brokers may set low costs on popular pairs like EURUSD but higher rates on other instruments.

Many brokers also advertise "as low as" spreads that may not reflect the true average or include commissions. Comparing true all-in cost averages across various instruments and asset classes is vital for accurate assessment.

Combined Spread/Commission Costs Per Instrument Compared to Market Leading Brokers

Swap Rates/Financing Fees

Swap rates, also known as financing fees, are charges or payouts for holding positions overnight. Positive swap rates mean you receive payment, while negative rates incur a cost.

GO Markets has competitive swap rates on average, but not the best compared to industry leaders. Their average swap rates for pairs like NZDUSD and USDJPY are better than those offered by Exness and HFM, but slightly higher compared to Tickmill and IC Markets.

Does GO Markets Offer Islamic/Swap-free Accounts?

Islamic or swap-free trading accounts are designed for traders who cannot earn or pay interest due to religious beliefs. These accounts comply with Sharia law by eliminating overnight interest charges or swap fees.

GO Markets offers Islamic accounts, which are available to clients who follow Islamic principles. To open an Islamic account, clients typically need to provide proof of their religion and apply specifically for this account type.

The account features are similar to standard accounts but without any swap charges on overnight positions.

Other Fees

Aside from spreads, commissions, and swap rates, GO Markets charges other fees that traders should be aware of. These include:

Comparison to other Brokers

GO Markets stands out in the market with its well-established presence, multiple regulatory licenses, and a broad range of trading instruments. When compared to other brokers, GO Markets offers competitive spreads and a comprehensive trading platform selection.

However, it has fewer user reviews and no verified real trading account reviews, which may impact its perceived trustworthiness. While its swap rates are generally higher than some leading brokers, its regulatory framework and negative balance protection offer a good level of client fund security.

Overall, GO Markets compares favorably in terms of spreads and regulatory standing but falls slightly short in user reviews and swap rates.

Trading Platforms - Mobile, Desktop, Automated

GO Markets offers a variety of trading platforms including MetaTrader 4, MetaTrader 5, cTrader, copy trading, and its proprietary GO Markets Web Trader. MetaTrader platforms are renowned for their charting quality and extensive range of indicators, making them a popular choice among traders.

MetaTrader 4 uses MQL4 for automated trading, which is relatively easy to learn. MetaTrader 5 uses MQL5, which has more features but is slightly more complex. cTrader offers robust charting and supports automated trading through C#, a moderate difficulty language.

GO Markets also supports copy trading, allowing users to follow and replicate trades from experienced traders. The GO Markets Web Trader offers a straightforward web-based trading experience but does not support automated trading.

What Can you Trade?

GO Markets offers a diverse range of tradable instruments, including Forex, Crypto, Stocks, Indices, Commodities, ETFs, Bonds, and Futures CFDs. CFDs, or Contracts for Difference, allow traders to speculate on the price movements of various assets without owning the underlying assets.

This enables the use of leverage, which can amplify both gains and losses. While trading CFDs offers flexibility and the potential for higher returns, it also comes with higher risk due to leverage. To view the individual symbols available for trading, visit the GO Markets symbols page.

Available Leverage

GO Markets offers varying leverage across different instruments and regulated entities. Under the AU ASIC and CY CYSEC regulations, the maximum leverage for retail clients is 30:1. For clients under the MU FSC and SC FSA regulations, leverage can go up to 500:1.

High leverage can significantly increase both potential profits and potential losses, so it's essential to use leverage wisely and understand the risks involved. For detailed leverage information on specific instruments, please refer to the GO Markets official website.

Prohibited Countries

GO Markets cannot open client accounts for residents of certain countries due to regulatory restrictions. These prohibited countries include the United States, Canada, Japan, Belgium, and North Korea.

Potential clients from these regions should look for brokers that are permitted to operate within their jurisdictions. Always verify with the broker's customer service or legal documentation for the most updated list of restricted countries.

GO Markets Account types

	Standard	GO Plus+	Standard SVG*	GO Pro SVG*
Commission	-	USD $2.50 Per Side Per Lot	-	$7.00 Per Lot
Maximum leverage	500:1
Mobile Platform	cTrader Mobile, MT4 Mobile, MT5 Mobile
Trading platform	cTrader, MT4, MT5, WebTrader
Spread Type	Variable Spread
Minimum Deposit	200			300
Minimum Trade Size	0.01
Trailing Stops			-
Scalping Allowed
Hedging Allowed
Islamic Accounts

	Standard
Maximum leverage	500:1
Trading platform	cTraderMT4MT5WebTrader
Mobile platform	cTrader MobileMT4 MobileMT5 Mobile
Spread type	Variable Spread
Minimum deposit	200
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	GO Plus+
Commission	USD $2.50 Per Side Per Lot
Maximum leverage	500:1
Trading platform	cTraderMT4MT5WebTrader
Mobile platform	cTrader MobileMT4 MobileMT5 Mobile
Spread type	Variable Spread
Minimum deposit	200
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	Standard SVG*
Maximum leverage	500:1
Trading platform	cTraderMT4MT5WebTrader
Mobile platform	cTrader MobileMT4 MobileMT5 Mobile
Spread type	Variable Spread
Minimum deposit	200
Minimum Trade Size	0.01
Scalping Allowed
Hedging Allowed
Islamic Accounts

	GO Pro SVG*
Commission	$7.00 Per Lot
Maximum leverage	500:1
Trading platform	cTraderMT4MT5WebTrader
Mobile platform	cTrader MobileMT4 MobileMT5 Mobile
Spread type	Variable Spread
Minimum deposit	300
Minimum Trade Size	0.01
Scalping Allowed
Hedging Allowed
Islamic Accounts

GO Markets Web traffic

Our web traffic data is sourced from SimilarWeb and sums the traffic data of all websites associated with a broker. Organic visits are visits the broker didn't pay for, based on the available data. This data updates once monthly and can be based on data purchased from internet service providers, traffic metrics sourced by a third party such as Google Analytics that the company chooses to share with SimilarWeb, etc.

GO Markets Profile

24 hour support

Segregated Accounts

Islamic Accounts

Accepts Canadian clients

Accepts Japanese Clients

Non expiring demo

Trading API

Cent accounts

Negative balance protection

Social trading

Regulatory deposit insurance

Trailing stops

Bonuses

Interest on margin

Fixed spread

Variable spread