Go Markets Australia – Reviewing This Incredible Australian Broker

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Go Markets Australia

GO Markets was founded in 2020 and while it is first and foremost, a Forex trader, it is now also one of the most recognized and reputed binary options brokers in the world. It is based in the Australian financial sector.

Go Markets Australia

The first thing for a binary options trader to know about GO Markets is whether or not it has been licenced by the Australian Securities & Investments Commission or ASIC. After all, being a government regulated broker reassures clients that they are not being scammed. As it turns out, GO Markets has obtained a licence from the ASIC which requires rigid standards to be maintained before issuing one.

  • 24 hour customer service on weekdays
  • Pay-out ratios up to 80%
  • Low minimum trade of $5
  • Free educational tools
  • Cashback refunds up to $250 AUD
  • Available in very few languages

Go Markets Platform

Being a Forex broker, GO Markets Australia uses a trading platform based on META Trader 4 which is oriented around more traditional forms of trading. It has since been adapted to facilitate binary options trades as well.

For trading in binary options with GO Markets, you will be required to also download an MT4 plugin called FX Lite for MT4. It can be accessed by using the same login details from your MT4 account.

The binary options trading process is further improved by the inclusion of a widespread range of MT4 trading tools called MT4 Genesis.

MT4 Genesis Session Map

It also presents freshly designed options like a Session map, Correlation Trader, Sentiment Indicator, Terminal window and Mini Terminal.

The only types of accounts offered by GO Markets are a standard account and a Pro account. The Standard account is for new comers and the Pro is for more experienced traders. Both accounts are identical in standard features.

However, only Pro account holders are entitled to more advanced services like access to MT4 Genesis, VPS, and Autochartist. All traders are open to use the GO Markets Demo account which can be utilized for free along with $100,000 in virtual money.

GO markets enables its binary options traders to know precisely how much they stand to make out of their trades. This is made possible because GO Markets displays the exact pay-out ratio between the trade and return on the trade. This is calculated according to the amount that was initially invested.

GO Markets Minimum Deposit

The minimum requirements of GO Markets are quite simple regarding its range of accounts. New traders have to make an initial deposit of $200 to open a standard account while more experienced traders will be required make an initial deposit of $500 to open their Pro accounts. For new accounts, GO Markets offers a bonus worth 10%. It also offers a $250 refund but that is only for Forex traders.

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There is no shortage of methods when it comes to depositing money with GO Markets Australia. The easiest one is to use either your VISA or MasterCard debit or credit cards since the deposit can be processed immediately. If you are a binary options trader in Australia, BPay would be the most commonly used method. If you are not from Australia, a simple wire transfer between banks would do. GO Markets also accepts some third part payment processing companies.

Out of all the licensed and regulated brokers in Australia, the pay-out ratios offered by GO Markets are impressive. On average it is around 75% but for certain assets, it goes as high as 80%.

GO Markets has an impressive customer service setup. There are available to traders from all around the world at all times. They can be contacted via phone or email if assistance is required. There is also a physical office location, which can be quite rare among binary options brokers. All of this only increases the authenticity of this broker and makes it a suitable options for new traders.

GO Markets Broker Alternatives

Plus500 Australia – This broker accepts Australian traders and they have a great reputation.

HighLow – If you are interested in binary options, then highlow is one of the best brokers for AU traders.

Is Go Markets Good or Bad?

All things considered, GO Markets remains a very reputable and reliable binary options trading broker in the Australian financial sector.

It features an advanced trading infrastructure that is immensely beneficial and accessible to clients. Go Markets can execute trades relatively quicker than most of other brokers. It is a good choice to go with as your binary options broker.

GO Markets UK – Is it scam or safe?

The broker now operates under Infinox brand.

Trading Accounts

Account type Minimum deposit Minimum trade size Maximum leverage Spreads
GO Trader (STP) £100 0.01 1:300 from 1.2 pips on EUR/USD
GO Pure (ECN) £1,000 0.01 1:300 from 0.4 pips on EUR/USD + commission £5.50/$7.50 per standard lot

GO Markets UK offers two account types – STP & ECN, both accessible through the popular MetaTrader 4 platform. The ECN account, called GO Pure, offers lower spreads, but involves a commission of /$7.50 per standard lot, and requires a higher minimum initial deposit.

The Company

GO Markets UK formerly operated in the United Kingdom pursuant to a trade mark licensing agreement with GO IP Pty Ltd in Australia. This is no longer the case, and they now operate under Infinox brand.

Security of Funds

The UK watchdog applies certain rules and requirements to license holders, the most important being the minimum capital requirements and clients’ money rule. FCA-regulated brokers must keep client funds in segregated accounts, separated from the companies operating funds and GO Markets UK states on its website that its clients` funds are held at Barclays Bank PLC UK.

Furthermore, in order to prove their good financial standing, UK-based brokerages must hold net tangible assets amounting to at least €730 000.

What is probably most important with regards to security of funds, clients of UK brokers are covered the Financial Services Compensation Scheme (FSCS). In the event of a company insolvency, FSCS is able pay compensation up to a maximum of £50,000 per person.

Trading Conditions

Minimum Initial Deposit
The minimum deposit for opening a trading account with GO Markets UK is £100, which is average. In comparison, AxiTrader (holding both FCA and ASIC licenses) requires $200 from its clients as a start.

Average spreads & Commissions
GO Markets UK offers floating spreads, which vary by account category. The typical ones on the GO Trader account amount to around 1.5 pips on EUR/USD, which is on the upper end of average, while the ones on the GO Pure account are dramatically lower – starting from 0.4 pips on EUR/USD. The ECN account, however, involves a commission of $7.50 round turn, so trading costs amount to at least 1.2 pips for this pair, commission included, which is standard.

In comparison, AxiTrader offers typical spreads of 1.4 pips on EUR/USD on its commission-free accounts, and the ones on the ECN account are averaged 0.4 pips on EUR/USD, involving a commission of $7 round turn. For further information, you may look up and compare real-time spreads of 15 leading brokers.


Leverage

The maximum leverage rates at GO Markets UK are up to 1:300. Such leverage is considered average, yet many other FCA-regulated brokers offer higher leverage rates. AxiTrader, for instance, provides leverage up to 1:400 and FxPro – up to 1:500. More forex brokers offering leverage equal to or exceeding 1:500 can be viewed here.

Please, be advised that investing in over-the-counter derivatives is not appropriate for everybody: the higher leverage ratios, the greater the risk of loss.

Trading Platform

GO Markets UK offers its customized version of the popular MetaTrader4 (MT4) platform, called MT4 One. MT4 is preferred by most experienced traders, because it provides advanced charting package, a number of technical indicators, extensive back-testing environment and a variety of Expert Advisors (EAs). Due to its user-friendly interface, novice traders usually also find their way around the MT4 quite easily. It comes in as PC, web and mobile versions.

MT4 One is equipped with some extra features, such as Sentiment Trader, Alarm Manager and Session Map. Besides, GO Markets UK SA has teamed up with 4XSolutions to provide traders with a VPS that is located in the same Data-Centre as their Trading Servers and Liquidity Providers: the Equinix LD4-EFX1.

VPS service costs £14.97 per month, but you can get it for free if you fund your account with at least £1,000 or trade a minimum of 10 standard FX lots round turn per month.

Promotions
At the time of writing this review, the broker offers 20% Deposit to a maximum of $20,000 USD for traders who have deposited at least $500 (or equivalent).

Methods of Payment

Clients of GO Markets UK can make deposits to and withdrawals from their accounts via credit/debit cards, (Visa, MasterCard, Maestro), bank wire, Skrill, and Neteller.

GO Markets UK enables clients to open accounts and deposit funds in GBP, EUR, USD.

Conclusion

GO Markets UK is a reliable and well-regulated NDD broker, offering trading in various currency pairs and CFDs. In a nutshell, here are the advantages and disadvantages with regards to this broker:

Markets.com Australia

With Markets.com Australia get ZERO commission trading on Stock, Index, Currency and Commodity CFDs with one of the most sophisticated trading platforms in the industry.

  • No Fees or Commission
  • Advanced Innovative Trading Platforms
  • Competitive Spreads
  • Check Trends with Traders Trends Feature
  • Events and Trade Feature
  • No option for hedging

Markets.com Australia Review

Markets.com Australia is a globally recognized provider of CFDs and Forex trading, providing its traders with easy access to several trading platforms, including the popular MetaTrader 4. They have a fantastic customer support that is available in more than twenty languages. It is a CySEC-regulated broker, which ensures that their platform is secure and safe. In October 2020, Markets.com Australia entered into a partnership together with Arsenal Football Club (FC) to reach global clients and supporters.

Markets.com Australia offers traders competitive trading practices with no fees or commissions payable. Since Markets.com Australia is a CFD and Forex provider, it provides high-speed execution of trades, tight spreads, and investments that start at $100. Markets.com Australia is a real-time market analysis. It includes detailed commentary and regular market updates, which allows for a high degree of accuracy. There are fixed and variable spread options available for traders. These spread options have a broad range of financial instruments. Markets.com’s customer support service is characterized by its expert account management and tailor-made packages. Also, at Markets.com Australia, offers traders 10% on their first deposit, T&C’s apply. The site has a comprehensive set of educational resources available.

Tradeable Assets

Markets.com Australia has a wide range of markets, comprising of 200 tradable assets. Included in these assets are bonds, gold, silver, indices, stocks, and oil.

Included within these categories are:

  • Silver and Gold: leverage of 100:1 with fixed spreads
  • Indices: NASDAQ 100, Hang Seng, FTSE 100, FTSE, DJ 30, DAX 30, NIKKEI 225, BITCOIN, S&P 500, VIX, USDX, and MICEX
  • Stocks: Apple, eBay Inc., BANK OF AMERICA, BAIDU Inc, PetroChina, TOYOTA, SONY, American Express, GOLDMAN SACHS, Siemens AG, Hewlett-Packard Company, Wal-Mart Stores Inc, STARBUCKS Inc, LLOYDS, Oracle Corp, Hilton, DEUTSCHE BANK, etc. These can trade with a leverage of up to 20:1.
  • Crude Oil: Crude Oil with fixed spreads and leverage of up to 100:1
  • Bonds: TBOND – TNOTE, GILT-LONG UK, 30Y – 10Y, EURO-BUND 10Y, Japan Bonds
  • For Forex, traders at can trade the following popular currency pairs:
  • GBP/USD, EUR/USD, USD/JPY, USD/CHF

Spreads on these currency pairs list at three pips with a 300:1 leverage. Trading on currency pairs takes place 24 hours a day, five days a week.

Account Types

Markets.com Australia provides its clients with two unique trading accounts, including:

Regulation

Australian Securities & Investments Commission (ASIC) regulates Markets.com Australia.

Platforms

There are multiple trading platforms available at Markets.com Australia, such as:

  • MetaTrader
  • Markets Mobile Trader
  • Sirix WebTrader
  • Markets Web Trader
  • Market MultiTerminal

At Markets.com Australia there is a Forex and CFD platform, which allows for full download, mobile, or web-optimized trading. All of these options are available with a single account system. These platforms allow for user-friendly trading and full customization. In addition to these features, they provide multiple trading features and extras. Either traders can open a real money trading account, or they can practice account at Markets.com Australia.

Bonus

Markets.com Australia offers an AU$30 bonus upon completing your registration. They also offer a bonus for each deposit that you make. They have a range of bonuses to help boost your trading. Some of their popular bonuses include:

  • Get AU$75 on an AU$300 deposit
  • Get AU$150 on an AU$500 deposit
  • Get AU$300 on an AU$1,000 deposit

Markets.com has many limited-time promotional offers that are available for its clients. Before registering, traders should make sure that they request further details since one of the platform’s signature welcome gifts is a promotional offer upon registration.

Deposits Options

For deposits, Markets.com accepts credit cards, WebMoney, wire transfers, and local payment methods.

Withdrawal Methods

Withdrawals at Markets.com Australia are very straightforward. All you need to do is to submit a withdrawal request, and your funds are returned via the same method as your deposit. Withdrawals take a few short business days.

Customer Support

Markets offer customer service with a 24/5 system via email, live chat, and phone support, all of which are available in 35 different countries.

Languages

Markets.com Australia services are available in English only.

Address

148 Strovolos Avenue, 2048 Strovolos, P.O.Box 28132 Nicosia, Cyprus.

Ease of Use

Markets.com is user-friendly in every way. Information is easy to find to find on their site, and the platform’s trading resources are comprehensible. There is a Practice Account for those traders who want to practice Forex and CFD trading before they opt in for real money trading. The platforms are easily downloadable, and they arrange all their features to provide quick, easy access. You can access customer support services through multiple channels. The support representatives respond in a timely and professional manner.

Why Trade at Markets Australia

Its superior customer service, competitive spreads, and beginner-friendly platform are the features that make Markets.com Australia so popular. Markets.com Australia provides different platforms for traders of various experience levels and have geared their site towards all types of traders. Markets.com Australia provides their traders with expert analysis to help them make wise financial decisions.

To see how Markets.com Australia ranks against other industry-leading trading platforms see our comparison charts. Read user reviews, see ratings and compare the best online trading platforms, features, fees, and more.

T&C’s apply to each of the offers above, click “Visit Site” for more details.

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