GO Markets has five key strengths that have led to its global growth which are:

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GO Markets Trading Account GO Markets is an Australian forex broker that launched in 2006. The original trading account offered was the standard account. This account has no commissions with spreads set by the forex broker. In 2019 a different account is also offered that has a fixed commission of AUD $3.00 per side and market-based spreads. This means that spreads can be as low as 0.0 pips with the broker making their profit instead from the commissions charged. This is similar to competitors accounts such as the Pepperstone Razor account Who Should Choose The GO Plus+ Account? Intermediate and expert traders should only choose the new GO Plus+ trading account. This is because this account allows trading direct to market avoiding dealer intervention. Not only does this mean the lowest spreads available (as they are based on the market) but also faster trade execution. Trade execution speeds are critical because they help minimise slippage which is when the amount made/lost on a trade exceeds the amount set. In volatile markets, slippage can be high so execution speeds are critical for high volume and EA Traders. Comparing ECN broker accounts our GO Markets review found the GO Markets was arguably the best forex broker. This is especially true when it came to offering the lowest commissions with the 2020 average spread only slightly higher than IC Markets and Pepperstone. 2020 FX Data Commission Avg AUD/USD Spread GO Markets AUD $3.00 per 100k 0.2 IC Markets AUD $3.50 per 100k 0.2 Pepperstone AUD $3.50 per 100k 0.16 AxiTrader USD $3.50 per 100k 0.42 Who Should Choose The Standard Account? The standard account is designed for those new to forex trading. This account has a low minimum deposit of $200 making it easy to trade on the market. There is also a demo account option allowing a trade to simulate trading on currency markets. What really makes the account ideal for beginner forex traders is that the main charge is primarily through spreads. A trader, therefore, doesn’t need to factor in commissions when working out brokerage. The same tradable products across the CFD broker are also available including binary options which are unique to Go Markets. Volume Rebates For Traders Regardless if you are using Go Markets Go Plus+ or Standard account, the broker offers rebates for traders the minimum monthly volume conditions within a calendar month for a single CFD type. If you are a forex trader, then to qualify for a rebate then you will need to trade a minimum $25 million in one calendar month. Once this level is reached, will receive $5 to $15 in rebates. These rebates will be credited to your trading account in the first week of the next calendar month. Demo Account In addition to their live account, Go Markets also offers a demo account. Features of the demo account include: $50,000 in virtual funds

30-day trial period

Choice of MetaTrader 4 and MetaTrader 5

Ability to practice with over 350 trading instruments

Leverage up to 500:1

Live spreads

Apps for Android and iOS mobiles and tablets

Over 80 tools for technical analysis Conclusion Of GO Markets Spreads And Fees The introduction of the new GO Plus+ trading account has made the forex broker competitive in Australia. The ECN broker trading account has competitive spreads and the lowest commission making it ideal for traders looking for low brokerage. If you are a high volume trader then you can receive rebates for further savings. Open a demo account >>Visit GO Markets >>

GO Markets Plus+ Spreads compared The key feature to understand when comparing spreads from the GO Markets Plus+ account with other STP/ECN pricing brokers is that GO Markets offers lower commissions than most competitors. While Go Markets Plus+ spreads compare very well against their competitors for most currency pairs, they may actually be cheaper when one takes into account the lower commission cost. GO Markets commissions are $3.00 per side and $6.00 round-turn, which is among the best in the industry. A commission of $3.50 per side and $7.00 round-turn is relatively standard among most brokers. This means you are paying $1 for each standard lot when you close your position. A pip is equal to $10 for each standard lot you trade which means 0.1 pips costs you $1. Given GO Markets spreads for most currency pairs match or are close to the spreads other brokers have. Go Markets spreads compare very favourably. Go Markets Plus+ Account Spreads EUR/USD GBP/USD EUR/GBP USD/SGD AUD/USD EUR/USD GBP/USD EUR/GBP USD/SGD AUD/USD EUR/USD GBP/USD EUR/GBP USD/SGD AUD/USD EUR/USD GBP/USD EUR/GBP USD/SGD AUD/USD EUR/USD GBP/USD EUR/GBP USD/SGD AUD/USD 0.20 0.50 0.40 1.50 0.20 0.30 0.60 0.50 N/A 0.50 0.50 0.50 0.60 2.50 0.70 0.32 0.82 0.75 1.60 0.97 0.44 0.85 0.40 1.30 0.42 0.10 0.60 0.60 1.30 0.50 0.12 0.59 0.62 0.94 0.22 0.16 0.40 0.35 1.07 0.27 Data taken from broker website. Accurate as at 01/09/2020 Compare All Spreads >>

Trading Platforms Offered By GO Markets The most popular forex trading platform provider in the world is MetaQuotes software which offers the MetaTrader suite. Of the suite, GO Markets offers the top two forex platforms which are MetaTrader 4 (MT4) and MetaTrader 5 (MT5). We explore these two forex trading platforms below and help explain which one is right for you. MT4 Platform The MT4 platform is the most popular forex platform in the world and has both a Windows and Mac version as well as: 90+ trading instruments

Trading across forex, commodities, indices and binary options

Automated trading through Expert Advisors (EAs)

Indicators that monitor market movements

Trading across a range of mobile devices The MetaTrader 4 interface is not athletically pleasing but it’s functional. This combined with the fast execution speed is the founding reasons for the MT4 platform popularity. The other key strength is the Expert Advisors (EAs). This allows traders to buy and sell trading applications to automatically trade on the market. With the MT4 platform been the most popular, this marketplace has the most applications available worldwide. A bonus for GO Markets forex traders is the use of MT4 genesis. This is available when a new account is opened with $500 or more deposited. From here a forex trader simply need to opt-in and fill out a short form to request MT4 genesis access. The key strengths of upgrading to MT4 Genesis are: Access to MT4 add-ons that enhance a trader MetaTrader 4 experience Enhanced order management setup Alert system based on existing trades or market conditions Overall, the MT4 platform is recommended for those primarily looking to trade currency markets. This is especially true if your a trader who is considering automation and purchasing algorithmic packages from developers. Choosing the MT4 platform also makes it easy to switch providers as the best forex brokers mostly offer the MetaTrader 4 platform. MT5 Platform The MetaTrader 5 (MT5 platform) is available cross devices including android and iPhone devices and offers: 80+ technical analysis objects

Market depth insights

90+ Trading Instruments

Share and binary options trading

One-Click trading While MetaTrader 5 is slightly newer than MetaTrader 4, it shouldn’t be viewed that this is an improved version of MT4. Rather, trader should view this a different trading platform where MetaQuotes have focused on an integrated trading experience. This means that instead of just focusing on forex trading, the platform has balanced trading experience for shares (stocks), futures and CFDs. Overall, if you are looking to trade more than just currency markets on a regular basis you may want to consider MetaTrader 5 rather than MT4.

Customer Service & Support Since a brokerage’s service model is paramount to its overall quality, it’s a great place to start any GO Markets review. Traders who have GO Markets accounts can reach out for help with any problem or question on a 24/5 basis via either phone or email. For questions that arise during off-hours or are fairly basic, there’s also an excellent and easy-to-navigate FAQ section on the GO Markets website. Between these two types of customer support, GO Markets does a good job of ensuring that customers can quickly find answers to whatever questions they may have if they need anything for informational purposes.

Deposit and Withdrawal Go Markets do not charge any internal fees for deposits and waive all deposit fees incurred from payment providers. This makes GO Markets a great option if you are looking to save on funding fees. Go Markets offers the following deposit methods and currencies: Visa / Mastercard debit card, credit card – AUD, USD, GBP, EUR, NZD, SGD, CAD, CHF, HKD

Poli 0 AUD

Skrill – AUD, USD, GBP, SGD, EUR, NZD

Neteller – AUD, USD, GBP, EUR, SGD

Bank/Wire Transfer – AUD

BPAY – USD

FasaPay – USD All methods have instant processing with zero transaction fees except bank wire and BPAY which can take up to 3 business days to process.

Go Markets CFD Products Over 350 contracts for difference (CFD) products are available with GO Markets. TO help manage your risks when trading, it helps to have a diverse range of assets as some instruments do better when others falter. Trading instruments available include: 50+ Forex Pairs (leverage up to 500:1)

Shares CFD on NYSE, Nasdaq and ASX (leverage up to 20:1 ). ASX shares cost 0.08%, with a minimum of AUD$7 US Shares cost US$0.02 per share, with a minimum of US$10

13 x Cash Index CFD and 2 x Futures Index CFDs (leverage up to 100:1 )

Spot Gold, Silver, WTI and Brent Crude Oil, US and UK Oil Futures (leverage up to 500:1 )

What and How Do You Trade on Go Markets? As one might expect from a candidate for the best Forex broker in Australia, GO Markets is principally based on Forex trading. Customers of this brokerage can, however, also trade in a variety of other asset classes. Indices, cryptocurrencies and commodities can all be accessed as underlying assets by any trader with a GO Markets account. GO Markets spreads range considerably based on the account type a given trader is using. Standard accounts have spreads that start at 1.1 pips. The GO Markets Plus+ account, the brokerage’s highest account level, has spreads that run as low as 0.0 pip. The Plus account charges a flat commission of $3.00 (side-ways) per standard lot. Both GO Markets accounts can be opened with $200. The final thing prospective GO Markets traders need to know about the basic working of the brokerage is the allowable leverage on trades. As with most brokers, GO Markets lets traders leverage different asset classes to different degrees. The highest leverage ratios are to be found in Forex and commodities, which can be leveraged by rates of up to 500:1. Next in line are indices, which traders can leverage up to 200:1. The lowest leverage ratios are on cryptocurrencies, which are capped at 10:1.

Regulation Having been based in Melbourne since it was founded in 2006, GO Markets comes under the exclusive jurisdiction of the Australian Securities and Investments Commission (ASIC). They hold the Australian Financial Services Licence (AFSL) number 254963. They are rates as one of the top Australian forex brokers. In Europe, GO markets trading name is GO Markets Ltd. It is regulated by the Cyprus Securities Exchange Commission (CySEC) with licence number 322/17. This makes them one of the top forex brokers for UK traders. Open a demo account >>Visit GO Markets >>