GO Markets Logo

GO Markets Review 2024

Written by
Gyula L.
Fact checked by
Krisztián G.
Updated
2d ago
Trusted by BrokerChooser
  • Regulated by the top-tier ASIC in Australia
  • Founded in 2006
  • Investor protection is €20k to EU clients and $0 for others
  • Clean track record: no major regulatory incidents or fines
1,017 people picked this broker at BrokerChooser in the last 6 months

Our take on GO Markets

GO Markets is a forex and CFD broker with low forex fees and favorable non-trading fees. The account opening process is fast and fully digital. The broker offers great educational tools, including forex courses.

On the negative side, the product portfolio at GO Markets is limited as the broker mainly offers forex and CFDs. Research tools could be better. Also, there is no investor protection for non-EU clients.

BrokerChooser gave GO Markets a 4.1/5 rating based on analyzing 600+ criteria and testing via opening a live account.

BrokerChooser score
4.1 4.1 /5
Visit broker
62% of retail CFD accounts lose money
GO Markets is not available in the United States
Check out the best alternatives
Pros
  • Low forex fees
  • Fast account opening
  • Great educational tools
Cons
  • Slim product selection
  • No investor protection for non-EU clients
“I recommend GO Markets for forex traders because they charge low forex fees. This broker is not ideal for investors, though, because stocks, funds and bonds are not available. I liked that MetaTrader 4 is available at GO Markets, because this is the most popular platform among forex traders.”

GO Markets summary

Snapshot of key data
🗺 Country of regulationCyprus, Australia, Mauritius, Seychelles
🛡️ Negative balance protectionYes
💰 FX commission per lot$3.00 commission per lot per trade
💰 EURUSD spread0.2
💰 Inactivity fee chargedNo
💰 Withdrawal fee$0
💰 Minimum deposit$0
💵 Available base currenciesAUD, USD, EUR, GBP, NZD, CAD, SGD, CHF, HKD, PLN
💵 Conversion fee of deposits in non-base currencyExchange rate received from liquidity providers plus a mark-up. We used the EURUSD trading fees for the calculation.
💳 Deposit with bank cardAvailable
👛 With electronic walletAvailable
🕖 Time to open an account1 day
🎮 Demo account providedYes
💵 Number of currency pairs49
🛍️ Products offeredForex, CFD, Real stocks for Australian clients
Fees
Account opening
Deposit and withdrawal
Desktop platform

For a more comprehensive, in-depth look at the broker's services and features, simply expand on the sections below.

Got Questions?
Join our community of traders and investors! Find answers or share your insights by browsing the topics in our forum below. Your voice makes a difference!

Fees

Score: 4.2/5
GO Markets has competitive forex fees. It charges no account, inactivity, deposit or withdrawal fees. However, its CFD fees are definitely not the lowest in the market.
Pros
  • Low forex fees
  • No withdrawal fee
  • No inactivity fee
Cons
  • Average CFD fees
Read more

Account opening

Score: 5/5
The account opening at GO Markets is fast, fully digital and user-friendly, and there is no minimum deposit. However, we felt that the sales team was pushy.
Pros
  • Fast
  • Fully digital
  • No minimum deposit
Cons
  • Sales team pushy
Read more

Deposit and withdrawal

Score: 5/5
GO Markets provides many deposit and withdrawal options, including credit/debit cards and electronic wallets. Also, the broker doesn't charge any fees for transfering funds.
Pros
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
Cons
None
Read more

Web trading platform

Score: 2.8/5
GO Markets's web trading platform is provided by MetaTrader. The interface is highly customizable and has a clear fee report. However, it lacks price alerts and the design is outdated.
Pros
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Order confirmation
Cons
  • No two-step (safer) login
  • No price alerts
Read more

Mobile trading platform

Score: 3.3/5
GO Markets has an OK mobile trading platform, provided by MetaTrader 4. It is well-designed and user-friendly, but lacks a more secure login.
Pros
  • User-friendly
  • Good search function
  • Price alerts
Cons
  • No two-step (safer) login
  • No Touch/Face ID login
Read more

Desktop trading platform

Score: 3.4/5
In design and functionality, GO Markets's MetaTrader 4 desktop platform is almost the same as the web trading platform. One major difference is that here you can set price alerts.
Pros
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
Cons
  • No two-step (safer) login
Read more

Markets and products

Score: 1.3/5
At GO Markets, you can trade mostly forex and CFDs. Real stocks are available only to Australian clients. Many popular asset classes are missing, such as ETFs, as well as real stocks for non-Australian clients.
Read more

Research

Score: 2.5/5
GO Markets provides trading ideas based on technical indicators and chart pattern recognition. Also, there is a wide set of tools for technical analysis. However, there is no fundamental data and the news feed is poor.
Pros
  • Trading ideas
  • Good set of analytical tools
Cons
  • No fundamental data available
  • Limited news flow
Read more

Customer service

Score: 3.6/5
GO Markets has a great live chat service and email support is also reliable, providing quick and relevant answers. On the negative side, we experienced problems with phone support and also missed 24/7 availability.
Pros
  • Live chat
  • Fast response time
  • Relevant answers
Cons
  • No 24/7 support
  • Problematic phone support
Read more

Education

Score: 5/5
GO Markets's education services are excellent. They provide high-quality tools including a demo account, trading platform videos, educational articles, e-books and forex trading courses.
Pros
  • Demo account
  • Trading platform tutorial
  • Educational videos
Cons
None
Read more

Safety

GO Markets is regulated by several financial authorities globally, including the top-tier ASIC. However, CySEC and the FSC are not in the top-tier category. There is limited public financial information available about GO Markets.
Pros
  • Negative balance protection
Cons
  • Does not hold a banking license
  • Not listed on stock exchange
  • Financial information is not publicly available
Read more

Bottom line

GO Markets is an Australian forex and CFD broker.
The broker offers low forex fees and charges no inactivity, deposit or withdrawal fees. The account opening is fast and fully digital and there are several, high-quality educational tools.
There are some drawbacks though. The product portfolio covers mainly forex and CFDs. The research tools could be improved, and non-EU customers are not covered by any investor protection scheme. Additionally, CySEC and the financial regulator in Mauritius are not in the top-tier category.
It is a solid overall option for forex traders, so feel free to give GO Markets a try.

Visit broker
62% of retail CFD accounts lose money

FAQ

Read more
Got questions?
Engage with our growing community of traders and investors like you to find your answers.
Join now

Author of this review

Gyula Lencsés, CFA
Gyula Lencsés, CFA

Gyula is a former analyst expert and Head of Content at BrokerChooser. With over a decade in finance, he led content creation at BrokerChooser and personally evaluated some of our 100+ listed brokers. He opened real-money accounts, executed transactions, and engaged with customer services, offering firsthand assessments. Prior to BrokerChooser, he managed mutual funds in wealth management, trading stocks, ETFs, bonds, commodities, forex, and derivatives. His goal: simplify the hunt for top brokers in a dynamic investment landscape.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

Visit GO Markets 62% of retail CFD accounts lose money

Follow us

Regional settings

×
I'd like to trade with...