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GO Markets Review 2024

Written by
Gyula L.
Fact checked by
Krisztián G.
Updated
1w ago
Key data
Fees
Safety
Deposit and withdrawal
Account opening
Mobile app
Desktop platform
Product selection
Regulated and trusted. Tested via live trading.
1,513 people chose this broker
Not available in United States; see best alternatives

Why choose 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.

  • Low forex fees
  • Fast account opening
  • Great educational tools
Overall score
4.1/5
Minimum deposit
$0
FX fee
Low
Index CFD fee
Low
Withdrawal fee
$0
Account opening
1 day
Visit GO Markets

62% of retail CFD accounts lose money

Not sure if this is the right broker for you? See the best ones.

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.
  • Low forex fees
  • No withdrawal fee
  • No inactivity fee

We compared GO Markets's fees with two similar brokers we selected, Fusion Markets and Vantage. These competitors were selected based on objective factors like products offered, client profile, fee structure, etc. See a more detailed comparison of GO Markets alternatives.

Low FX fees

GO Markets charges a forex commmission: $3.00 commission per lot per trade. Spread costs come on top of this, e.g. the EUR/USD spread is 0.2.

Broker
EURUSD spread
FX commission per lot
GO Markets
0.2
$3.00 commission per lot per trade
Fusion Markets
0.0
$2.25 commission per lot per trade
Vantage
0.1
$3.00 commission per lot per trade
GO Markets forex spreads and commissions

This is compared to its main competitors. The commission charged is €3 per lot per trade.

Low index CFD fees

All index CFD fees are built into the spread. The spread for S&P 500 index CFDs is 0.6.

Broker
S&P 500 CFD spread
GO Markets
0.6
Fusion Markets
0.3
Vantage
0.4
GO Markets index CFD spreads and commissions

Low stock CFD fees

The commission for stock CFD trading is the following: $0.02 per share.

Broker
Apple CFD
GO Markets
$0.3
Fusion Markets
$0.1
Vantage
$6.8
GO Markets stock CFD spreads and commissions

No inactivity fee, no withdrawal fee

There is no account or inactivity fee and deposits and withdrawals are also free of charge. However, your bank might charge some fees when making transfers.

Broker
Inactivity fee
Withdrawal fee
GO Markets
$0
Fusion Markets
$0
Vantage
$0
GO Markets inactivity, withdrawal and other fees

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.
  • Negative balance protection
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.
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
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.
  • Fast
  • Fully digital
  • No minimum deposit
Read more

Mobile app

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.
  • User-friendly
  • Good search function
  • Price alerts
Read more

Desktop 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.
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
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Product selection

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.
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“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.”

FAQ

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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

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