GO Markets review

Spread from

0.0 pips

EUR/USD spread

0.1 pips, GO Plus+

GBP/USD spread

0.2 pips, GO Plus+

Commission

US$2.50 per side / US$5 round turn, GO Plus+

All-in cost, EUR/USD

Approx. 0.6 pips

Spread type

Variable

Overnight swap

Both: overnight financing applies; swap-free accounts available

Withdrawal fee

None internally

Currency conversion

Third-party/payment-provider conversion charges may apply

Cost is where brokers in the same regulatory bracket actually differ.

A quoted spread from 0.0 pips is a raw-spread figure, which almost always means a separate commission per lot. Compare the two together - a "zero spread" account with a high commission can cost more than a wider spread with none.

Quoted spreads are best-case figures on the most liquid pair, in normal conditions. What you actually pay widens around news and at the session open.

GO Markets lists a minimum deposit of $10. Treat it as the cost of opening an account, not the cost of trading one - position sizing on a small balance is what tends to cause damage.

Markets

Forex, Shares, Indices, Commodities, Cryptocurrencies, Bonds, ETFs

Currency pairs

50+

Total instruments

2,000+

Crypto CFDs

Yes

Maximum leverage

1:30

Execution model

Market execution / liquidity-provider aggregation

Execution speed

Approx. 30ms

Order types

Market, limit, stop, stop-limit, stop-loss, take-profit, trailing stop

Servers

Equinix LD4 London and NY4 New York

Leverage is capped at 1:30, which is the retail limit under tier-one regulation. It is a protection rather than a restriction: it caps how quickly a position can move against your balance.

GO Markets covers forex, shares, indices, commodities, cryptocurrencies, bonds, etfs. A wider range matters less than depth in the instruments you actually trade.

Funding options: visa, mastercard, bank transfer, payid, bpay, paypal, skrill, neteller, usdt and regional methods. Check withdrawal routes as well as deposit ones - they are often not the same, and the difference only becomes apparent when you try to take money out.

Platforms

MetaTrader 4, MetaTrader 5, cTrader, TradingView, GO TradeX

Own platform

Yes, GO TradeX

Mobile app

Both proprietary and third-party

Browser trading

Yes

Automated trading

Yes; MT4/MT5 Expert Advisors, cBots and automated trading

Copy trading

Yes

Indicators

100+ through TradingView; 30+ MT4; 38+ MT5

Third-party tools

TradingView, Genesis, Trading Central, VPS

API access

Yes, cTrader API/FIX connectivity

MetaTrader 4 remains the most widely supported platform for expert advisors. If you rely on an existing EA, this is usually the deciding factor.

MetaTrader 5 handles more asset classes and order types than MT4, but expert advisors are not compatible between the two - an MT4 EA will not run on it.

cTrader shows depth of market and level II pricing, and is usually paired with raw-spread accounts rather than fixed-spread ones.

TradingView integration lets you trade from charts you may already use, removing the need to run a second platform for analysis.

Regulated by

ASIC (AFSL 254963); CySEC (322/17); FSC Mauritius (GB19024896)

Regulator tier

Tier 1

Register entry

ASIC Professional Registers, AFSL 254963

Client money segregated

Yes

Held at

Regulated Australian banking institutions

Negative balance protection

Yes, retail clients

Compensation scheme

ICF up to €20,000 for eligible CySEC clients; no statutory investor compensation scheme under ASIC

Audited by

Independent external auditors

Not available to

United States and sanctioned/restricted jurisdictions, plus jurisdictions where services would breach local laws or regulations

Across a hundred brokers, the licence is what separates the field fastest.

GO Markets holds tier-one authorisations from ASIC and CySEC. That matters more than any headline spread: it determines your leverage cap, whether losses can exceed your deposit, and what happens to your money if the firm fails.

It also operates an offshore entity (FSC). Which one you are onboarded to depends on where you live, and the two carry very different protections - worth confirming before you deposit.

ASIC caps retail leverage at 1:30, requires negative balance protection, and obliges the broker to hold client money in a separate trust account.

CySEC licences passport across the EU and follow the 1:30 retail leverage cap, with the Investor Compensation Fund covering eligible claims.

An FSC licence (Mauritius or Belize, depending on the entity) is an offshore authorisation with lighter reporting duties than a tier-one regulator.

Client money is held separately from the firm's own money, at Regulated Australian banking institutions. That separation is what makes your balance recoverable if the company fails, rather than part of the pool its creditors divide up.

Negative balance protection applies, so a losing position cannot take the account below zero and leave you owing the broker money.

Covered by ICF up to €20,000 for eligible CySEC clients; no statutory investor compensation scheme under ASIC, which pays eligible clients up to its limit if the firm fails owing client money.

Check the licence yourself: ASIC Connect, the CySEC register of investment firms, the Mauritius FSC register of licensees.

Minimum deposit

$10

Account types

Standard, GO Plus+, Micro, GO Professional, Demo

Account currencies

AUD, USD, GBP, EUR, NZD, SGD, CHF, CAD, HKD

Islamic account

Yes

Demo account

Yes

Professional account

Yes, GO Professional

Minimum trade size

0.01 lots; smaller sizing available through Micro

Time to open

Usually minutes; complex applications within 24 hours

GO Markets runs 5 account types. More choice is not automatically better: the tightest headline spread almost always sits on the account that also charges a commission, so the comparison that matters is the two added together.

Base currencies: AUD, USD, GBP, EUR, NZD, SGD, CHF, CAD, HKD. Holding the account in the currency you fund it with avoids a conversion charge on every deposit and withdrawal - a cost that never shows up in a spread comparison.

The smallest position is 0.01 lots; smaller sizing available through Micro. For anyone starting carefully this matters more than the minimum deposit, because it sets the least you can put at risk on a single trade.

A demo account is available. Worth using for the platform rather than the results: fills are simulated, so it tells you how the software behaves but very little about execution.

Deposit methods

Visa, Mastercard, bank transfer, PayID, BPAY, PayPal, Skrill, Neteller, USDT and regional methods

Withdrawal methods

Bank transfer, cards, PayPal, Skrill, Neteller and applicable original funding methods

Deposit time

Instant for most electronic methods; bank transfer typically 1-3 business days

Withdrawal time

Usually processed within 24 hours; first withdrawal may take up to 3 business days

Minimum withdrawal

No general minimum

Local payment methods

PayID; BPAY and region-specific local payment methods

Withdrawals are stated at Usually processed within 24 hours; first withdrawal may take up to 3 business days, against Instant for most electronic methods; bank transfer typically 1-3 business days for deposits. A gap between the two is normal and not in itself a warning sign - identity checks are a legal obligation, not obstruction. What is worth noticing is a withdrawal that keeps meeting new conditions after those checks are done.

Withdrawal routes: bank transfer, cards, paypal, skrill, neteller and applicable original funding methods. Money is usually returned by the route it arrived on, so the deposit method you pick is in effect the withdrawal method you are picking too.

The minimum withdrawal is No general minimum - relevant if you intend to fund the account lightly, since it sets the smallest amount you can take out at a time.

Support hours

24/5

Contact channels

Live chat, email, phone, remote support

Languages

Multilingual, including English, Chinese and Indonesian

Telephone

+61 3 8566 7680

Email

support@gomarkets.com

Live chat response

Typically under 2 minutes

Education

Extensive: educational courses, webinars, tutorials, platform guides and trading articles

Research

Market analysis, Trading Central, technical analysis, trading ideas and market commentary

Support runs 24/5. Round-the-clock cover matters more than it sounds: a position held over a weekend or through an unexpected halt is exactly when you need somebody to answer.

Reachable by live chat, email, phone, remote support. A published telephone number is the one channel that is hard to fake and hard to ignore, so whether there is one says more than the number of channels does.

Languages: Multilingual, including English, Chinese and Indonesian. Being able to raise a complaint in your own language is worth more than it appears, because complaints are where precision matters most.

Education: extensive: educational courses, webinars, tutorials, platform guides and trading articles. Treat broker-published material as an introduction rather than as advice - it is produced by a firm whose revenue rises when you trade more.

Legal entity

GO Markets Pty Ltd

Company number

ABN 85 081 864 039

Headquarters

Melbourne, Australia

Founded

2006

Publicly listed

No

Parent company

Independent

Employees

Approx. 200

Also trades as

GO Markets

GO Markets has been trading for around 20 years, through at least one full market cycle. Longevity guarantees nothing on its own, but a firm that came through 2008 and 2015 has been tested in a way a recent entrant has not.

The contracting entity is GO Markets Pty Ltd. This is the company you would actually have a relationship with, and it is worth checking that it is the same one named on the licence you are relying on: large brokers commonly operate several, and they are not equally protected.

Part of Independent. A parent adds resources, but the protections that apply to you are the ones attached to the entity that holds your account, not to the group.