GO Markets Review 2023

/ 5
GO Markets is #42 in our CFD broker rankings.

GO Markets is an excellent choice for active traders with access to powerful trading tools and tight spreads from 0.0 pips. Beginners can also take advantage of the broker's copy trading tool, free demo account and education center.

- DayTrading Review Team

GO Markets is an established forex and CFD broker with multiple industry awards and accolades. The ECN/STP broker is popular with budding traders, offering competitive accounts in multiple base currencies and a range of flexible payment methods. With top-tier regulation from CySEC and ASIC, GO Markets is a trusted broker.


Demo Account

Copy Trading

Award Winning
MT4, MT5, AutoChartist, TradingCentral
CFDs, forex, indices, shares, energies, metals, cryptocurrencies
30% cash rebate
Neteller, Wire Transfer, Credit Card, Debit Card, Skrill
and 2 more

Forex Trading

Speculate on popular currency pairs with flexible leverage up to 1:500 and zero-pip spreads in the GO Plus account. Commission-free trading is available with micro, mini and standard forex contract sizes.

Stock Trading

GO Markets offers CFDs on stocks from US, UK, Hong Kong, Australian and German exchanges with 1:5 leverage, commissions from 0.08%, tight variable spreads, and access to powerful analysis tools on MetaTrader 5. Derivatives trading means traders will not own the underlying asset.

CFD Trading

Access highly leveraged CFDs across forex, commodities, indices, stocks and bonds with 24/5 customer support. Build a diverse portfolio with hundreds of CFD assets.

Crypto Trading

Take positions on leading cryptos including Bitcoin, Ethereum and Ripple. Competitive spreads are available with no hidden fees and a stable trading platform.

Copy Trading

GO Markets uses the Myfxbook AutoTrade platform to provide investors with the option to copy other traders. Learn from profitable traders with straightforward risk management tools.


  • No. 1 For Educational Materials, 2019-2021 - Investment Trends Australia Leverage Trading Report
  • No. 1 For Value for Money, Spreads, Trading Ideas & Strategies and Margin Requirements, 2021 - Investment Trends Australia Leverage Trading Report

✓ Pros

  • Cash rebates
  • No inactivity fee
  • Copy trading service
  • High leverage up to 1:500
  • No commission with the Standard account
  • 0.01 minimum lot size and zero spreads
  • 24/5 award-winning customer service
  • Trading signals and market insights
  • MetaTrader 4 and MetaTrader 5 platforms
  • Strong regulatory oversight, including CySEC
  • Excellent third-party analysis tools from Autochartist and Trading Central

✗ Cons

  • Multiple restricted countries including the US
  • Only two account types
  • $200 minimum deposit
  • No Islamic account
  • No crypto deposits

GO Markets is an award-winning Australian forex broker and CFD provider, offering the MetaTrader 4 and MetaTrader 5 platforms. This 2023 review will unpack what GO Markets has to offer traders today, covering its demo and real-money accounts, as well as leverage and fees. Find out if you should start trading with GO Markets.

GO Markets Details

Founded in 2006, GO Markets is one of Australia’s first MetaTrader 4 (MT4) forex brokers. The provider has since added MetaTrader 5 (MT5), WebTrader, and mobile trading to its suite of services.

Based in Australia and licensed by the Australian Securities and Investment Commission (ASIC), the group now has offices in London, Taipei, and Hong Kong. In 2020, the broker obtained a license to expand into the Middle East and Northern Africa region, operating as GO Markets MENA DMCC in Dubai, UAE.

Over the past 15 years, the company has won a number of awards for its services including No.1 for Education Materials/Programmes as well as the highest rated broker in the service areas of Value for Money, Spreads, Trading Ideas & Strategies and Margin Requirements, by Investment Trends.

GO Markets also provides 24/5 customer support, spreads from 0.0 pips, plus no deposit fees, making it a popular brand with beginner traders.

Trading Platforms

Go Markets offers two industry-leading platforms: MetaTrader 4 and MetaTrader 5. Both are available to download on Mac and Windows PCs as well as mobile and tablet devices.


The MetaTrader 4 (MT4) platform is a multi-feature terminal particularly popular amongst forex traders.

Key features include:

GO Markets MT4 platform
MT4 platform

MT4 is suitable for all. Its intuitive platform makes it easy for beginners to navigate whilst its suite of tools for analysis caters to more experienced traders.


Clients can also trade on MetaTrader 5 (MT5), a more advanced platform offering superior tools. MT5 provides flexible trading, professional analysis, algorithmic trading and virtual hosting. Other features include:

GO Markets review
MetaTrader 5

Traders should note that platform availability will vary between locations. UK based clients do not have access to MT5 through GO Markets, whilst the platform is supported in Australia.


The GO Markets WebTrader platform offers all the features available on MT4 or MT5, within a web-based terminal that can be accessed directly from any internet browser.

With no app or browser extension download needed, WebTrader allows users to trade CFD instruments and access price analysis from anywhere with an internet connection. It is a suitable option for clients and beginners seeking an easy-access platform.

WebTrader is compatible with Windows, Mac, and Linux OS.

How To Place A Trade:

Social Trading: Myfxbook

Myfxbook AutoTrade is a global copy platform and social trading community. With over one million customers, it easily connects with your GO Markets Standard trading account, allowing users to:

Upon receiving login details for MT4/MT5, traders can then register for a Myfxbook account through the website.

Share Trading Platform

TradeCentre by FinClear is a web-based and mobile platform that you can access and download from GO Markets’ website.

You can trade shares and manage your account. It allows you to purchase and sell, check market data, and receive news about incoming floats and dividends.

You also get useful tools like watchlists and heat maps. Additionally, it comes in a Pro version for advanced traders.


GO Markets users can trade over 600+ products within six main asset classes:

Note, cryptocurrency trading is only supported in certain markets. Binary options is also not available at GO Markets, not even on demo accounts.

Spreads & Fees

Reviews show that spreads are competitive, ranging from 0.0 to 12.2 pips on major and minor forex pairs, while the minimum on indices starts at 0.1 points. Spreads on gold, silver, and crude oil are variable with live pricing available on the broker’s main page.

Other trading costs include commissions (only on the GO Plus+ account) of A$3.00 per side on a standard lot, as well as swap rates when you buy or sell a currency pair and hold it overnight.

Overall, if you compare GO Markets vs. the likes of Pepperstone or IC Markets, the broker’s commissions and spreads are competitive.

Leverage Review

GO Market offers leverage up to 1:500 on forex pairs, up to 1:20 on share CFDs, and up to 1:100 on indices.

All client accounts are set up with a default leverage rate of 1:100, and depending on account balance, you can choose a ratio between 1:1 and 1:500.

Leverage limits also vary between markets according to local regulation.

Mobile App

GO Markets offer the MetaTrader mobile app for iOS or Android based-smartphones, meaning users can trade 24/7 on the go. MT4 and MT5 allow easy and convenient access to the same features as the desktop platform, including quotes, trades, and charts.

The mobile applications can be downloaded from your device’s Google Play or App Store.

GO Markets mobile app
MT4 App

Payment Methods


When we used GO Markets, we found a range of account funding options in multiple base currencies are available:

There are no deposit fees on the part of the broker. All deposit options offer instant processing, apart from bank wire transfer and Checkout.com, which can take up to three days.

Payments to and from international banking institutions may attract intermediary transfer fees and/or conversion fees.


All withdrawals use the initial funding source, where appropriate. Requests can be submitted via the secure online client portal. They are processed on the same day whenever possible. The payment provider will determine how long it takes for funds to appear in your account. Card and wire transfers can take two to five days on average to process.

Your bank may charge fees for withdrawals, especially on small amounts.

Demo Account

GO Markets offers a comprehensive demo account that allows you to practice trading over 350 CFDs, with real-time spreads, leverage up to 1:500, over 80 technical analysis tools, and 24/5 multilingual client support.

Clients receive $50,000 in virtual funds to practice on MT4 and MT5, either on their portable device or desktop. The paper trading account can be set up easily via an online form on the broker’s website.

Deals & Promotions

GO Markets is running a 30% trading credit cash rebate. This promotion applies to any live trading account with any amount between $500 and $25,000 or the currency equivalent.

For future GO Markets bonuses, refer to their webpage. Their social media channels are also a good way to keep up to date with the latest promotions and sign-up offers.

Regulation & Reputation

GO Markets Pty Ltd is regulated and licensed by:

The broker ensures all user funds are held in separate client trust accounts at top-tier AA-rated Australian banks: National Australia Bank and Commonwealth Bank.

Additional Features

GO Markets offer various supplementary trading and education tools, designed for both beginners and experts alike. These include:

GO Markets trading tools

Live Accounts

GO Markets offers two main account types (Standard and GO Plus+) plus a Professional solution. Both accounts are available in nine different currencies and require a minimum deposit of A$200.

Standard Account

The Standard account is spread-based with no commission. Users have access to spreads of 1.0 pips, a minimum trade size of 0.01 lots, and leverage up to 1:500.

It also has essential features such as 24/5 support, a dedicated account manager, free VPS, expert advisors (EAs), and scalping.

GO Plus+ Account

The GO Plus+ is an ECN-style account and offers all the same features as Standard, but instead includes ultra-low spreads from 0.0 pips. GO Plus+ accounts are subject to a $3.00 commission per side.

Professional Account

A professional account is also available for two categories of traders: sophisticated and high-net-worth investors. However, many retail traders won’t be able to use it because of the eligibility criteria.

The sophisticated investor must meet at least two of the following:

High-net-worth investors must meet only one of the next criteria:

Professional accounts offer lower leverage requirements, high-volume trade rebates, a dedicated support desk, professional reports, and a single use A$100,000 negative balance protection.

Trading Hours

Trading hours for forex are open from 00:00 to 24:00 (GMT+3) Monday through Friday. Stocks and indices are dependent on the exchanges they are listed on, while cryptos are open 24/7.

A holiday schedule can be found at the bottom of the broker’s website.

Customer Support

The multilingual customer support service can be contacted 24/5 via:

Quick Support, at the bottom of the page, is an alternative to the GO Markets live chat logo which was removed. You can download it from the broker’s website, similar to an app, and it is compatible with most operating systems.

The Chinese help desk can be reached at:

Keep up with the latest news on GO Markets’ social media pages:

GO Markets’ headquarters are at Level 11, 447 Collins Street, Melbourne, Australia.

The European office is based at 73 Agias Zonis and Tertaiou Corner, Dena House, 3rd floor, 3090 Limassol, Cyprus.

The company also has a branch in the UK under the name of GO Markets London Limited, situated on Level 6 107 Cheapside, London, England, EC2V 6DN.

Security & Safety

GO Markets complies with data protection laws under the Australian Privacy Act 1988 and the European Union General Data Protection Regulation (GDPR).

MT4 and MT5 use the highest security standards, where data exchange between the client terminal and the platform servers is encrypted. Two-factor authentication can also be applied upon login.

GO Markets Verdict

GO Markets’ investing experience, award-winning support, and trading tools have earned it a solid reputation in the online forex industry. The MT4 and MT5 platforms are ideal for traders of all levels, and the tight spreads and low commission fees make them an attractive option for anyone looking to trade assets efficiently.

Accepted Countries

GO Markets accepts traders from Australia, Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use GO Markets from Afghanistan, Azerbaijan, Bahamas, Belize, Bosnia And Herzegovina, Burundi, Canada, Central African Republic, Congo, Cote D’Ivoire, Egypt, Eritrea, Ethiopia, Ghana, Guinea-Bissau, Haiti, Iran, Iraq, Israel, Japan, Lebanon, Libya, Myanmar, New Zealand, Nicaragua, Korea, Pakistan, Palestine, Serbia, Sierra Leone, Somalia, Sudan, Sri Lanka, Syria, Trinidad And Tobago, Tunisia, Ukraine, United States, Venezuela, Yemen.

Payment Methods

GO Markets Details

Minimum Trade 0.01 Lots
Regulated By ASIC, CySEC, FSC of Mauritius
Account Types
  • STP
  • ECN
  • MAM
  • PAMM
Islamic Account No
Mobile Apps iOS & Android
Margin Trading Yes
Volatility Index No
Spot Trading Yes
Perpetual Swaps No
AI / Machine Learning No
Robo Advisor No
P2P Trading No
Negative Balance Protection Yes
VPS Hosting Yes
Tournaments No
Demo Competitions No
Managed Accounts No
Market Maker No
Auto Trading Yes
Social Trading Yes
Trade Signals Yes
Inactivity Fee $0
Guaranteed Stop Loss No
Stock Exchanges
  • Australian Securities Exchange
  • CAC 40 Index France
  • DAX GER 40 Index
  • Dow Jones
  • Euronext
  • FTSE UK Index
  • Hang Seng
  • Japan Exchange Group
  • Nasdaq
  • New York Stock Exchange
  • Gold
  • Oil
  • Silver
  • Wheat

CFD Trading Details

FTSE Spread 1 – 2.3 points
GBPUSD Spread 0.0 – 1.5 pips
Oil Spread Variable
Stocks Spread Variable
Leverage 1:500

Forex Trading Details

GBPUSD Spread 0.0 – 1.5 pips
EURUSD Spread 0.0 – 1.2 pips
EURGBP Spread 0 – 1.4 pips
Assets 50+

Cryptocurrency Trading Details

Crypto Spread Variable
Crypto Lending No
Crypto Staking No
Crypto Mining No
Crypto Auto Market Maker No
Crypto Coins
  • BCH
  • BTC
  • ETH
  • LTC
  • XRP

Compare GO Markets

Compare GO Markets with similar brokers that accept traders from your location. Among available brokers these are the most similar to GO Markets:

  1. Just2Trade – Just2Trade is a reliable multi-regulated broker registered with FINRA, NFA and CySEC. The company has 155,000 clients from 130 countries and stands out for its huge suite of instruments and additional features, including a social network, robo advisors and a funded trader programme.
    Go to Just2Trade
  2. IG Group – IG is an award-winning broker that has an excellent reputation globally. The brand-US offers spread betting, CFD and forex trading across a comprehensive suite of markets. IG is also multi-regulated, provides a great trading app and has 50 years experience.
    Go to IG Group
  3. Kwakol Markets – Kwakol Markets is a Nigerian headquartered broker with strong regulatory oversight in Australia and Canada. A great selection of asset classes are available, including synthetic products that simulate realistic market activity. Clients can trade on the MT4, MT5 and cTrader platforms, as well as a copy trading solution whereby a fee is only paid on profitable trades.
    Go to Kwakol Markets

GO Markets Comparison Table

Compare GO Markets With Similar Brokers
GO Markets Just2Trade IG Group Kwakol Markets
Rating 3.7 3.5 4.4 4.5
Markets CFDs, forex, indices, shares, energies, metals, cryptocurrencies Stocks, ADRs, ETFs, Futures, Options, Commodities, Bonds CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting CFDs, Forex, Stocks, Indices, Commodities, Crypto
Demo Account Yes Yes Yes Yes
Minimum Deposit $200 $100 $0 $1
Minimum Trade 0.01 Lots 0.01 Lots 0.01 Lots 0.01 Lots
Regulators ASIC, CySEC, FSC of Mauritius CySEC, NFA, FINRA, Bank of Russia FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA ASIC, FINTRAC
Bonus 30% cash rebate Up to $2,000 for professional accounts
Education No No Yes No
Platforms MT4, MT5, AutoChartist, TradingCentral MT4, MT5, TradingCentral MT4, AutoChartist, TradingCentral MT4, MT5, AutoChartist
Leverage 1:500 1:20 1:30 (Retail), 1:250 (Pro) 1:1000
Payment Methods 7 20 6 4
Visit Visit Visit Visit
Review GO Markets
IG Group
Kwakol Markets

Compare Trading Instruments

Compare the markets and instruments offered by GO Markets and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare GO Markets Trading Instruments
GO Markets Just2Trade IG Group Kwakol Markets
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil Yes Yes Yes Yes
Gold Yes Yes Yes Yes
Copper No No Yes Yes
Silver Yes Yes Yes Yes
Corn No No No No
Crypto Yes Yes Yes Yes
Futures Yes Yes Yes No
Options No Yes Yes No
ETFs Yes Yes Yes No
Bonds No Yes Yes No
Warrants No No Yes No
Spreadbetting No No Yes No
Volatility Index No No Yes No

GO Markets vs Other Brokers

Compare GO Markets with any other broker by selecting the other broker below.

GO Markets vs

The most popular GO Markets comparisons:

  1. GO Markets vs Eightcap


Does GO Markets Offer A No Deposit Bonus?

No – GO Markets doesn’t provide this type of bonus. All current promotions require capital and a live trading account. Cash rebates are available to active traders.

Is There A GO Markets Office In The United Kingdom?

Yes, GO Markets UK Trading Limited is based at Level 6 107 Cheapside, London, England, EC2V 6DN.

Does GO Markets Have PAMM Accounts?

PAMM (percent allocation management module) accounts are available at GO Markets. These allow traders to put their funds with experienced money managers. The minimum deposit to access the PAMM account is $500.

What Is Myfxbook At GO Markets?

Myfxbook is a free, automated online trading tool that enables traders to evaluate and compare their trading strategies and performance. The tool links directly to your GO Markets trading account. Copy trading is also available via the solution.

Is GO Markets A Good Broker?

GO Markets is a reputable, regulated broker offering a secure platform to trade a range of assets and markets. For traders looking to trade on the MT4 or MT5 platforms, it offers competitive spreads and flexible account options and could be worth considering.

How Much Capital Do I Need To Trade With GO Markets?

The starting deposit is A$200 on both the Standard account and the GO Plus+ account.

What Account Base Currencies Are Available On GO Markets?

You can hold funds in one of the following base currencies: AUD, USD, GBP, EUR, NZD, SGD, CHF, CAD, and HKD.

Does GO Markets Offer A Demo Account?

You can open a demo account by filling out a straightforward form on the broker’s website. The demo account will give you access to $50,000 in virtual funds to practice trading.

How Quickly Are GO Markets Withdrawals Processed?

GO Markets aims to process all withdrawal requests received before 1 pm AEST on the same day while any received after 1 pm AEST will be processed the following day. In general, local transfers take 1-2 business days and international transfers take 3-5 days for funds to clear.

What Is The Difference Between The Standard & Advanced GO Markets Accounts?

Clients will enjoy tighter spreads with the GO Plus+ account, however, there will be a commission for every trade placed. The commission is $3.00 per side on a standard lot.

GO Markets is an established forex and CFD broker with multiple industry awards and accolades. The ECN/STP broker is popular with budding traders, offering competitive accounts in multiple base currencies and a range of flexible payment methods. With top-tier regulation from CySEC and ASIC, GO Markets is a trusted broker.