GO Markets operates as an online forex broker, offering a selection of platforms including MT4, MT5, and WebTrader for forex trading. Their offering encompasses over 45 forex pairs, CFDS, commodities, shares, indices, and cryptocurrencies for investment options.
Regulated by ASIC in Australia since its establishment in 2006, GO Markets holds investor protection of €20k for EU clients, while clients outside the EU lack deposit protection. The broker maintains a clean track record with no major regulatory incidents or fines reported.
While GO Markets boasts a wide range of instruments, client-centric pricing, and operates under multiple regulators such as ASIC (Australia), CySEC (Cyprus), FSA (Seychelles), and FSC (Mauritius), certain drawbacks exist. Notably, clients outside the EU lack deposit protection, and there’s a noted absence of Cent accounts.
GO Markets holds licenses from various authorities:
- GO Markets Pty Ltd – ASIC (Australia)
- GO Markets Ltd – CySEC (Cyprus)
The broker facilitates multiple deposit and withdrawal options, including credit/debit cards and electronic wallets, without imposing any fees for fund transfers. However, despite these conveniences, GO Markets lacks fundamental data and offers a limited news flow, despite providing trading ideas based on technical indicators and analytical tools for technical analysis.
In summary, while GO Markets provides a variety of instruments, pricing benefits, and multiple regulatory oversight, there are certain shortcomings such as the absence of deposit protection for non-EU clients and limitations in fundamental data and news flow for informed trading decisions.
