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Go Markets Review: Pros and Cons You Must Know

This post is your complete Go Markets review with all the pros and cons you need to know if you are interested in Go Markets and want to know if this platform is a good fit for you. 

But before you decide on an investing and trading platform in order to grow your online income, you should understand that any platform is only as good as the user or trader that utilizes it. 

And the most important part of your trading journey is to establish fundamental knowledge in day trading principles and market movements. And with this knowledge you can profit on pretty much any platform you choose to use.

But in this Go Markets review we will focus on this particular platform and let you know all you need to know before diving in.

Go Markets: An Overview

Go Markets is an investment company that offers hundreds of trading instruments, including Currencies, Commodities, Shares, and Indices. It also offers Standard and ECN accounts with a ton of CFD assets and uses MetaTrader (4 and 5) as a trading terminal

Go Markets have also added mobile trading and a web-based version too, providing the trader with a wide range of tools and opportunities. In this Go Market Review we are going to take a look at the pros and cons of this broker.

The broker is regulated by the Financial Services Commission (FSC) in Mauritius and was founded in Australia in 2006, commonly known as the first Australian MetaTrader broker, offering a huge amount of trading instruments.

As you can see in Traders Union, this broker is at position 118 with a 3.56/10 overall rating. Despite the low rating, Go Markets offer a lot of benefits for anyone.

Go Markets review: Pros and Cons
This Go Markets review covers the features, pros and cons of the platform to help those who are interested in using it to make an informed decision.

Go Markets Review – Available Features

Below we look at some of the main features available with Go Markets and that you can take advantage of should you decide to use this platform. 

i) Firstly with Go Markets you have a wide variety of currencies to fund your account, from EUR to USD and PLN, GBP, AUD, CAD, etc

ii) The minimum deposit should allow access to traders of all levels, even those with lower amounts of capital to start off with. For the Standard account the minimum deposit is 100 euros or equivalent and for the Go Plus account is 250 euros or equivalent.

iii) Another attractive feature with Go Markets is the available leverage you can take advantage of. With Go Markets, the available leverage is from 1:5 to 1:30.

iv) Depending on your type of account, the spread will go from 1 pip for the Standard account and from 0.0 pips for the Go Plus account

v) Go Markets allows CFD on 50 currency pairs, CFD on commodities, indices, and metals.

vi) With Go Markets, the Margin Call is 80% and the stop out is 50%

Pros of trading with GO Markets

When it comes to trading with Go Markets there are many advantages. But you may find that there is nothing that really makes it stand out from the competition. This includes free deposit and withdrawal funds, the hassle-free trading strategy (no limitations), and low trading fees on any account type. If you opt for a professional account you’ll have the chance to do a low deposit too.

One of the biggest draws of Go Markets is the ability to use both normal and ECN accounts. Also, you’ll get free access to Trading Central analytics and MetaTrader Genesis tools.

GoMarkets is regulated by SyCES (Cyprus) and FSC (Mauritius), also, the parent company has been operating for a long time and the activities of this are under the control of many regulators.

One of the major pros is that Go Markets is regulated by reputable authorities such as the Australian Securities and Investments Commission (ASIC), which can provide a level of assurance regarding the safety of clients’ funds and the company’s adherence to regulatory standards.

The company provides access to popular trading platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are known for their robust features, customization options, and reliability.

Also they offer a wide range of trading instruments including forex, CFDs, commodities, and indices, providing clients with diverse investment opportunities.

your go markets review
Go Markets have also added mobile trading and a web-based version too, providing the trader with a wide range of tools and opportunities.

Cons of trading with GO Markets

Every broker has its cons, even the best forex app, but the difference is where it fails and how it fails. For example, one of the cons of Go Markets is the small amount of leverage (1:30) on currency pairs, another downside is the fact that there are no cent accounts.

But one of the biggest drawbacks and something that many clients complain about is the low-quality support in online chat.

Some users may find that customer support response times or the availability of support channels could be improved, leading to potential frustration for clients seeking assistance with their accounts or trading queries.

Another point that we can read on TradersUnion is the fact that Go Markets and its term are more suitable for experienced traders, who like to trade CFDs with conservative leverage.

Another con or disadvantage is that while Go Markets offers popular trading platforms like MT4 and MT5, clients may encounter occasional issues related to platform stability or technical glitches, which could disrupt their trading experience.

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Go Markets Review: Wrap Up

Go Markets have gained a lot of popularity in Australia with almost 33% of its users, and only 6% coming from the United States, in an industry that’s plagued with competition. This broker has many things to offer, it is a nice way to get a quick overview of what’s happening, getting into CFD trades.

The ability to use MetaTrader is a pro for many traders, the app has a very intuitive interface, and it is easy to use. It provides many features that are useful for traders and investors.

And as any good review should offer, we have also discussed the cons or disadvantages of Go Markets including, the shortalls in customer support response times which is crucial for many trader and investors. 

Also Go Markets is better suited for more experienced traders and may not be a good fit for newer traders which is another significant disadvantage for many.

Now that you have a better understanding of Go Markets and if it fits your trading situation, also know that in my opinion the best way to become a consistent and profitable trader is to simplify your approach to trading including technical analysis and indicators no matter which platform you decide to use for the long term.

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