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, also Go Markets have 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 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.
There are many things to take into account, like:
When it comes to trading with Go Markets there are many advantages but nothing to stand out from the competition, like 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 account. 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.
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.
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.
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 the 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.