GO Markets in 60 Seconds
| Question | Answer |
|---|---|
| Main reason to consider GO Markets | Access to MT4, MT5, cTrader and TradingView alongside a range of CFD markets. |
| Biggest drawback | Leverage and protections differ substantially by entity: up to 1:500 under the Mauritius and Seychelles entities, versus 1:30 for retail clients under ASIC and CySEC. |
| Minimum deposit | $0 official minimum initial deposit; supported deposit methods have a $200 minimum, and GO Markets recommends $200 for margin management. |
| Pricing model | Floating spreads; Standard has $0 commission, while GO Plus+ charges a per-side commission. |
| Main platforms | MetaTrader 4, MetaTrader 5, cTrader, TradingView and GO TradeX™. |
| Main markets | Forex, stocks, indices, commodities, cryptocurrencies, bonds, ETFs and other leveraged products. |
| Maximum leverage | Up to 1:500 under FSC Mauritius and FSA Seychelles; up to 1:30 for retail clients under ASIC and CySEC. |
| Best suited to | Scalpers and day traders who want platform choice and access to CFD markets. |
| Less suited to | Retail traders seeking 1:500 leverage under ASIC or CySEC, where the cap is 1:30. |
The breadth of platform and account choices is balanced by entity-specific leverage and protections. Confirm which GO Markets entity would hold your account before comparing headline terms.
Pros
- Offers MT4, MT5, cTrader, TradingView and GO TradeX™.
- Standard accounts charge $0 commission; GO Plus+ offers spreads from 0.0 pips with a per-side commission.
- Supports copy trading, social trading, API trading and VPS hosting.
Cons
- Retail leverage is capped at 1:30 under ASIC and CySEC, versus up to 1:500 under the Mauritius and Seychelles entities.
- Supported deposit methods have a $200 minimum despite the $0 official minimum initial deposit requirement.
- Customer experiences include reports of difficult withdrawal cases and deposit or funding support problems.
How GO Markets Works
The basic trading model
GO Markets identifies its broker model as STP / ECN / Market Maker. Its market access is primarily through leveraged derivatives: forex, indices and commodities use leveraged trading, share exposure is through CFDs, and cryptocurrency exposure is also through CFDs rather than buying or storing coins. Bond exposure is through CFDs linked to bond futures, while ETF CFDs and other leveraged products appear within the wider range.
Customers choose an account and connect it to a supported platform. Standard accounts combine floating spreads with $0 commission; GO Plus+ combines floating spreads from 0.0 pips with per-side commission. Platform availability and specific account terms can vary by product and entity.
Important regional differences
GO Markets operates under ASIC in Australia, CySEC in Cyprus, FSC Mauritius and FSA Seychelles. Maximum leverage reaches 1:500 under the Mauritius and Seychelles entities, while retail accounts under ASIC and CySEC are capped at 1:30. Retail negative balance protection applies to ASIC and CySEC accounts; Cyprus Investor Compensation Fund coverage applies only to clients of the CySEC entity.
GO Markets does not accept clients from the United States, Japan, Israel, Canada, New Zealand, Belgium, Turkey, Vietnam, North Korea or Iran.
The Costs That Matter
Trading costs
GO Markets uses floating spreads. The figures below are average spreads, not minimum or advertised spreads. Standard accounts have $0 commission; GO Plus+ has a separate per-side charge.
| Instrument | Typical / Average Spread | Commission |
|---|---|---|
| EUR/USD | 0.9 pips average | Standard: $0; GO Plus+: $3.00 per side per standard lot or €2.50 per side. |
| GBP/USD | 1 pips average | Standard: $0; GO Plus+: $3.00 per side per standard lot or €2.50 per side. |
| Gold (XAU/USD) | 0.162 points average | Standard: $0; GO Plus+: $3.00 per side per standard lot or €2.50 per side. |
| S&P 500 CFD | 0.35 points average | Standard: $0; GO Plus+: $3.00 per side per standard lot or €2.50 per side. |
GO Plus+ spreads start from 0.0 pips, but that is a minimum spread rather than a typical trading cost. The account also charges commission, so a narrow spread alone does not represent the full cost.
Non-trading costs
GO Markets charges no internal deposit or withdrawal fee and no inactivity fee. International wire transfers may incur third-party intermediary bank fees, typically $20–$30. Currency conversion fees apply.
Overnight swap charges apply, with triple swap rates on Wednesdays for forex and spot metals. Eligible clients can apply for a swap-free Islamic account; it has no overnight swap charges, but an administration fee applies after a 10-day grace period.
Cost takeaway
Standard pricing is simpler to assess because it has no commission, while GO Plus+ separates spreads and commission. Traders holding positions overnight should account for financing charges, and clients funding or withdrawing in a different currency may also face conversion or provider costs.
The Costs That Matter
- Standard accounts charge $0 commission; GO Plus+ charges $3.00 per side per standard lot or €2.50 per side.
- Average spreads are 0.9 pips for EUR/USD, 1 pips for GBP/USD, 0.162 points for Gold and 0.35 points for the S&P 500 CFD.
- Overnight swaps, currency conversion charges and possible third-party wire fees can add to trading costs.
Choosing Your GO Markets Setup
Account options
GO Markets offers five account types in this comparison. Minimums and terms can depend on the entity, so a broker-wide deposit figure should not be treated as the entry requirement for every account.
| Account detail | Standard | GO Plus+ | GO Professional | Micro account | Swap-free Islamic account |
|---|---|---|---|---|---|
| Pricing model | Floating spreads from 0.8 pips; $0 commission. | Floating spreads from 0.0 pips; $3.00 per side per standard lot or €2.50 per side. | Account- and instrument-specific spreads; # | Account-specific spreads; # | Follows underlying account; swap-free, with administration charges potentially replacing swaps. |
| Minimum deposit | Entity dependent | Entity dependent | Qualification-based | $10 | Follows underlying account |
| Platform access | MT4 / MT5 | MT4 / MT5 | MT4 / MT5 | MT4 / MT5 | MT4 |
| Main restriction | Entity-dependent terms | Entity-dependent terms | Professional eligibility; regulatory protections differ | Micro-sized trading account | Administration fee after a 10-day grace period; eligible clients apply |
| Most relevant for | Traders preferring spread-only pricing | Traders considering lower starting spreads with commission | Clients who qualify for professional classification | Traders seeking micro-sized positions | Eligible clients seeking swap-free terms |
Standard keeps the commission structure straightforward, while GO Plus+ may suit traders who prefer a lower starting spread and can assess the separate commission. GO Professional is qualification-based, and professional classification changes regulatory protections. The Micro account has a $10 minimum, while the Islamic option follows its underlying account and replaces swaps with administration charges after the grace period.
Platform choices
| Platform | Web | Desktop | Mobile | Automation | Main Limitation |
|---|---|---|---|---|---|
| MetaTrader 4 | Yes | Yes | Yes | Yes — Expert Advisors (MQL4) on the desktop/VPS environment | Full MQL4/EAs/custom-script functionality is desktop/VPS-centric; the browser/mobile clients do not provide the full desktop automation environment. |
| MetaTrader 5 | Yes | Yes | Yes | Yes — Expert Advisors (MQL5), Strategy Tester and MQL5 automation on desktop/VPS | Full EA/custom-code development and testing are desktop/VPS-centric; browser/mobile versions are primarily for trading and monitoring. |
| cTrader | Yes | Yes | Yes | Yes — cBots in C# or Python; cloud cBots can run 24/7 and be started from Web/Mobile/Desktop | Creating, editing, backtesting and optimising cBots is centered on cTrader Windows/Mac; broker permissions can also affect automation. |
| TradingView | Yes | Yes | Yes | Partial — Pine strategies, server-side alerts and webhooks; direct unattended live execution requires a compatible broker/API/bridge | TradingView strategy orders are evaluated by its broker emulator; a Pine strategy by itself is not universal live broker auto-execution. |
| GO TradeX™ | No | No | Yes | Not documented as a user-programmable algorithmic engine | Mobile-specific proprietary platform; advanced algorithmic workflows are better documented on MetaTrader/cTrader. |
Base currency and account configuration
Base account currencies include AUD, USD, GBP, EUR, NZD, SGD, CHF, CAD and HKD. Currency conversion fees apply, so the account's base currency matters when deposits, withdrawals or trading involve another currency. Demo and Islamic accounts are available. GO Markets also supports copy trading, social trading, API trading and VPS hosting.
Choosing Your GO Markets Setup
- The comparison includes Standard, GO Plus+, GO Professional, Micro and swap-free Islamic accounts.
- The Micro account has a $10 minimum; GO Professional is qualification-based and its regulatory protections differ.
- The platform range spans MT4, MT5, cTrader, TradingView and mobile-only GO TradeX™.
What You Can Trade
GO Markets offers leveraged exposure across multiple asset classes. The market count is a guide to the range, not a statement that clients own the underlying assets.
| Market | Approx. Number | Important Detail |
|---|---|---|
| Forex | 50 | Leveraged FX trading; leverage, swap charges and pair availability can differ by account and legal entity. |
| Indices | 15 | Exposure is through leveraged derivatives rather than ownership of an index; cash or futures pricing, trading hours and overnight charges can differ. |
| Commodities | 38 | Exposure is mainly through leveraged derivatives linked to spot or futures prices; rollover, financing and trading-hour breaks can apply. |
| Stocks | 400 | Share CFDs allow long or short exposure without ownership of the shares or voting rights. |
| Bonds | 21 | Bond exposure is through CFDs linked to bond futures, not direct bond ownership. |
| Cryptocurrencies | 39 | Crypto is traded through CFDs without buying or storing the underlying coins. |
| Other | 58 | The wider range includes ETF CFDs and other leveraged products; the underlying assets are not owned. |
What You Can Trade
- The range includes 50 forex pairs and 400 share CFDs.
- GO Markets also offers 15 index, 38 commodity, 21 bond and 39 cryptocurrency products.
- Share, bond, crypto and ETF exposure is through CFDs rather than ownership of the underlying assets.
What Trading Is Like in Practice
Order execution
GO Markets uses market execution, and slippage can be positive or negative. The size or frequency of slippage is not quantified here, so traders should not treat a quoted spread as a guarantee of the final execution price.
Leverage, margin and stop-out
Maximum leverage is capped at 1:500 under FSC Mauritius and FSA Seychelles, and at 1:30 for retail accounts under ASIC and CySEC. GO Markets issues a margin-call warning when account equity falls to 80% of required margin. Stop-out is set at a 50% margin level.
Trading restrictions
GO Markets allows scalping, hedging and news trading. Maximum leverage and account protections remain entity-dependent. Expert Advisors and other automation are supported through platform-specific tools, including MetaTrader EAs and cTrader cBots; TradingView automation has limitations for unattended live execution.
Day-to-day usability
Traders can use desktop, browser and mobile versions of MT4, MT5 and cTrader, while GO TradeX™ is mobile-only. TradingView is available across web, desktop and mobile. Full MetaTrader coding and testing are desktop/VPS-centric; cTrader bot creation, editing and optimisation are centered on Windows or Mac.
What Trading Is Like in Practice
- Market execution can involve positive or negative slippage.
- Margin-call warning begins at 80% of required margin; stop-out is set at 50%.
- GO Markets allows scalping, hedging and news trading.
From Sign-Up to First Trade
1. Eligibility
GO Markets does not accept clients from the United States, Japan, Israel, Canada, New Zealand, Belgium, Turkey, Vietnam, North Korea or Iran. The applicable entity also affects leverage and protections.
2. Registration
Select an eligible account type and trading platform. Standard, GO Plus+, GO Professional, Micro and swap-free Islamic accounts are available; GO Professional requires professional eligibility, and the Islamic option is available to eligible clients upon application.
3. Verification
GO Markets requires identity verification (KYC). The verification period and required documents are not specified here.
4. Initial funding
The official minimum initial deposit requirement is $0, although GO Markets recommends $200 for margin management. Each supported deposit method has a $200 minimum, and the Micro account has a $10 minimum deposit.
5. Getting ready to trade
Choose a base currency from AUD, USD, GBP, EUR, NZD, SGD, CHF, CAD or HKD, then connect the account to its supported platform. A demo account is available. Check the leverage and protections attached to the account's entity before placing trades.
From Sign-Up to First Trade
- GO Markets requires identity verification (KYC).
- Clients from the United States, Japan, Israel, Canada, New Zealand, Belgium, Turkey, Vietnam, North Korea and Iran are restricted.
- The official initial deposit requirement is $0, but each supported funding method has a $200 minimum.
Depositing and Withdrawing Money
Deposits
Deposit options include the eight methods below. The minimum and broker processing time are method-specific; processing time should not be confused with the time a bank or payment provider may take to settle a transaction.
| Method | Minimum | Broker Fee | Broker Processing | Expected Settlement |
|---|---|---|---|---|
| $200 | No internal deposit fee, bank/provider fees may apply | Instant | Instant | |
| $200 | No internal deposit fee, bank/provider fees may apply | Instant | Instant | |
| $200 | No internal deposit fee, bank/provider fees may apply | 1–3 business days | 1–3 business days | |
| $200 | No internal deposit fee, bank/provider fees may apply | Instant | Instant | |
| $200 | No internal deposit fee, bank/provider fees may apply | Instant | Instant | |
| $200 | No internal deposit fee, bank/provider fees may apply | Instant | Instant | |
| $200 | No internal deposit fee, bank/provider fees may apply | Instant | Instant | |
| $200 | No internal deposit fee, bank/provider fees may apply | Instant | Instant |
Withdrawals
GO Markets charges no internal withdrawal fee. Banks, payment providers or currency conversion may add costs; international wire transfers can incur intermediary bank fees, typically $20–$30.
| Method | Minimum | Broker Fee | Broker Processing | Expected Settlement |
|---|---|---|---|---|
| No general broker minimum ($0) | No internal withdrawal fee, bank/PSP transaction or conversion fees may apply | Typically processed within 24 hours | Typically processed within 24 hours | |
| No general broker minimum ($0) | No internal withdrawal fee, bank/PSP transaction or conversion fees may apply | Typically processed within 24 hours | Typically processed within 24 hours | |
| No general broker minimum ($0) | No internal withdrawal fee, bank/PSP transaction or conversion fees may apply | Local transfer about 1–2 business days | Local transfer about 1–2 business days | |
| No general broker minimum ($0) | No internal withdrawal fee, bank/PSP transaction or conversion fees may apply | Typically processed within 24 hours | Typically processed within 24 hours | |
| No general broker minimum ($0) | No internal withdrawal fee, bank/PSP transaction or conversion fees may apply | Typically processed within 24 hours | Typically processed within 24 hours | |
| No general broker minimum ($0) | No internal withdrawal fee, bank/PSP transaction or conversion fees may apply | Typically processed within 24 hours | Typically processed within 24 hours | |
| No general broker minimum ($0) | No internal withdrawal fee, bank/PSP transaction or conversion fees may apply | Typically processed within 24 hours | Typically processed within 24 hours | |
| No general broker minimum ($0) | No internal withdrawal fee, bank/PSP transaction or conversion fees may apply | Typically processed within 24 hours | Typically processed within 24 hours |
E-wallet withdrawals are generally processed in 1–2 business days, while card and bank withdrawals take 3–5 business days. First-time withdrawals may take up to 3 business days to process; wire settlement can take about 1–2 business days locally or around 3–5 business days internationally.
Depositing and Withdrawing Money
- Supported deposits have a $200 minimum; most are processed instantly, while the method with a wire-transfer timeline takes 1–3 business days.
- Withdrawals have no general broker minimum and no internal withdrawal fee.
- E-wallet withdrawals usually take 1–2 business days; card and bank withdrawals take 3–5 business days.
Customer Support
| Support Channel | Available | Hours | Languages / Important Notes |
|---|---|---|---|
| Live chat | Yes | 24/5 multilingual support | English, Indonesian and Chinese; average response under 2 minutes. |
| Yes | 24/5 multilingual support | [email protected]; average response under 6 hours. | |
| Phone | Yes | 24/5 multilingual support | +61 3 8566 7680; average response under 4 minutes. |
Availability
GO Markets gives 24/7 support hours and describes its multilingual service as 24/5. Live chat, email and phone are the available channels, with English, Indonesian and Chinese support.
How traders can get help
Average response times are under 2 minutes for live chat, under 4 minutes for phone and under 6 hours for email. These are response estimates, not guarantees that a case will be resolved within those periods.
Support limitations
Customer experiences are mixed. Traders repeatedly praise quick replies and practical guidance, but some report withdrawal cases that are difficult to resolve and problems with deposit or funding support. Straightforward questions are more likely to receive satisfactory help than complicated cases.
Customer Support
- Support channels include live chat, email and phone, with English, Indonesian and Chinese support.
- Average response estimates are under 2 minutes for live chat, under 4 minutes for phone and under 6 hours for email.
- Customer experiences are mixed, including reports of difficult withdrawal cases and funding-support problems.
What Protects Your Money?
GO Markets operates across several regulatory jurisdictions, and protections depend on the account's entity and client classification. ASIC and CySEC retail accounts have negative balance protection; Cyprus ICF compensation applies only to clients of the CySEC entity.
Legal entities and regulators
| Client Region | Regulator | License / Registration | Main Protection |
|---|---|---|---|
| Australia | ASIC | 254963 | Negative balance protection applies to ASIC retail accounts. |
| Cyprus | CySEC | 322/17 | Negative balance protection applies to CySEC retail accounts; eligible retail clients of the CySEC entity may receive ICF compensation up to €20,000 per client. |
| Mauritius | FSC Mauritius | FSC Investment Dealer licence GB 19024896; company no. 170969. | client-money and insolvency protections are entity-specific. Current public materials do not support applying one universal negative-balance-protection or investor-compensation entitlement to both entities. Use the contracting entity's current legal documents. |
| Seychelles | FSA Seychelles | FSA Securities Dealer licence SD043. | client-money and insolvency protections are entity-specific. Current public materials do not support applying one universal negative-balance-protection or investor-compensation entitlement to both entities. Use the contracting entity's current legal documents. |
Client money protections
GO Markets segregates client funds and offers negative balance protection. The specific qualification attached to that protection is clear for ASIC and CySEC retail accounts; the Cyprus ICF scheme covers up to €20,000 per retail client of the CySEC entity only. These protections should not be assumed to apply identically to accounts under the Mauritius or Seychelles entities.
Company transparency
GO Markets was founded in 2006, is privately held and is not publicly traded. Its offices are in Australia, Cyprus and Mauritius.
Important distinction
Compensation schemes and negative balance protection concern specified broker or account risks; neither protects a trader from losses caused by market movements. Leveraged CFD trading can result in trading losses.
What Protects Your Money?
- GO Markets operates under ASIC, CySEC, FSC Mauritius and FSA Seychelles.
- Client funds are segregated; negative balance protection applies to ASIC and CySEC retail accounts.
- Cyprus ICF coverage of up to €20,000 per retail client applies only to clients of the CySEC entity.
The Biggest Catch With GO Markets
What the headline claim suggests
A maximum leverage of 1:500 can appear to apply across GO Markets, and the official minimum initial deposit is $0.
What happens in practice
Leverage is 1:500 only under the FSC Mauritius and FSA Seychelles entities; retail clients under ASIC and CySEC are capped at 1:30. The $0 figure is the official initial-deposit requirement, but each supported deposit method has a $200 minimum, and GO Markets recommends $200 for margin management.
Who should care most
Retail clients comparing leverage or intending to begin with a small deposit should check both their account entity and the minimum for their chosen funding method. A lower official account threshold does not remove the payment-method minimum or the risks of leveraged trading.
Who GO Markets Is Really For
Consider GO Markets if you...
- Want a choice of MT4, MT5, cTrader and TradingView for CFD trading.
- Compare spread-only Standard pricing with the spread-plus-commission structure on GO Plus+.
- Use scalping, hedging or news trading, which GO Markets allows.
- Want access to several leveraged CFD asset classes through one broker.
You may want to look elsewhere if you...
- Need 1:500 leverage as an ASIC- or CySEC-regulated retail client; the cap there is 1:30.
- Need funding support to be consistently straightforward, given reports of difficult withdrawal and funding cases.
- Want direct ownership of shares, bonds or crypto; GO Markets' exposure to these markets is through CFDs.
The Bottom Line
GO Markets' strongest proposition is the combination of multiple trading platforms, broad CFD access and a choice of spread-only or commission-based pricing. Its biggest compromise is that leverage and protection depend on the entity, while customer feedback on funding support is mixed. Platform-focused scalpers and day traders who verify their entity and accept the applicable leverage limits are the most likely to find that trade-off workable.
How We Reviewed GO Markets
This review considers broker terms, regulatory information, account specifications, pricing, platforms, execution conditions, funding terms and customer-support feedback. Broker claims, regulatory details, stated account conditions and customer opinions are treated as distinct types of information; no personal trading test is claimed here. For more detail on how brokers are assessed, see our review methodology.
Contact Info
- Website:
- https://www.gomarkets.com
- Email:
- [email protected]
- Phone:
- 61 385 667 680
- Company Address:
- Level 7, 447 Collins Street, Melbourne, VIC, 3000, Australia
FAQ
Is GO Markets regulated?
GO Markets operates under ASIC, CySEC, FSC Mauritius and FSA Seychelles. Its stated license numbers include ASIC 254963, CySEC 322/17, FSC Mauritius GB19024896 and FSA Seychelles SD043. Leverage and protections differ by entity.
What is GO Markets' minimum deposit?
The official minimum initial deposit requirement is $0, and GO Markets recommends $200 for margin management. The supported deposit methods each have a $200 minimum, while the Micro account has a $10 minimum deposit.
What does GO Markets charge?
Standard accounts have $0 commission, while GO Plus+ charges $3.00 per side per standard lot or €2.50 per side. Average spreads include 0.9 pips for EUR/USD and 1 pips for GBP/USD. Overnight swaps, currency conversion charges and third-party payment costs may also apply.
Which GO Markets account should I choose?
Standard uses floating spreads from 0.8 pips with $0 commission; GO Plus+ has spreads from 0.0 pips with a per-side commission. GO Professional requires professional eligibility, and the Micro account has a $10 minimum. Eligible clients can apply for a swap-free Islamic account, where administration charges may replace swaps after a 10-day grace period.
Which platforms does GO Markets offer?
GO Markets offers MetaTrader 4, MetaTrader 5, cTrader, TradingView and its mobile-only GO TradeX™ platform. MT4, MT5, cTrader and TradingView have web, desktop and mobile versions. Automation tools and limitations vary by platform.
Does GO Markets offer a demo account, and can I use automation?
Yes, GO Markets offers a demo account. Automation is available through MetaTrader Expert Advisors and cTrader cBots; TradingView strategies, alerts and webhooks do not by themselves provide universal live auto-execution.
What is the maximum leverage at GO Markets?
Maximum leverage is 1:500 under FSC Mauritius and FSA Seychelles. Retail accounts under ASIC and CySEC are capped at 1:30. Confirm the entity and account classification that apply to you.
How long do GO Markets withdrawals take, and is negative balance protection available?
E-wallet withdrawals are generally processed in 1–2 business days, while card and bank withdrawals take 3–5 business days; first-time withdrawals may take up to 3 business days to process. Negative balance protection applies to ASIC and CySEC retail accounts, and Cyprus ICF compensation up to €20,000 per retail client applies only to clients of the CySEC entity.