GO Markets Account Opening | How to Open GO Markets Account

Pros

Cons

  • 2 account types
  • Swap-free account option
  • Demo account option
  • Various base currencies options

High minimum deposit

Introduction

GO Markets is one of the oldest and best brokers to trade forex and CFDs as well as metals and commodities. It has a long history since 2006. GO Markets also survived from a lot of financial disasters.

Countries Available

GO Markets is available in a number of countries except some countries like the USA, Japan, Belgium, Canada, New Zealand, Turkey, and Vietnam.

Account Types

GO Markets offers 2 account types for its clients, the standard account and the GO Plus account.

GO Markets – Account comparison

 

Standard

GO Plus

Spread

From 1.0 pips

From 0.0 pips

Commissions

$0 per side

$3 per side

base currency

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

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

Min Deposit

$200

$200

Notes:

  • In addition to the previous types, there’s a swap-free account option for those who live in a muslim country.
  • GO Markets also provides a demo account with 0 fees if you want to experience the trading platform with no risk.
  • There’s an option to join the GO Markets affiliate partner program if you want as well.

Min Deposit

The minimum deposit is $200 for both standard and GO Plus accounts.

How to Open Account

The process of opening an account is pretty simple. We will guide you through little steps to register and start using GO Markets.

  1. Enter your name, email, phone number, and country of residence.
  2. Enter some personal information like your city and profession.
  3. Choose the account type, platform, and base currency.
  4. Add your trading preferences.
  5. Provide a proof of your identity and the country of residence.
  6. Fund your account and start trading.

GO Markets Account Opening | How to Open GO Markets Account

GO Markets – Account opening

Notes:

  • Due also to the requirements of the regulatory bodies that supervise <<brokerName>>, it is necessary that in order to operate with your account you send them a proof that proves your identity and another proof that proves your current address :
  • Identity document : You must send a copy of your ID, your passport or driving license . It has to be an official document that clearly shows your identity and that it is valid (the document you send cannot be expired). You can scan any of these documents and send it in PDF, JPG, GIF, or take a photo with your mobile if it is more comfortable for you. In any case, the image must have good quality and be completely readable, otherwise it may give you problems to verify it.
  • Proof of address : This is to send a document that shows your current address . You will have to send a recent utility bill (not exceeding 3 months) for electricity, water, gas, landline or Internet (many brokers do not accept, for example, mobile phone bills). You can scan and send it in PDF, JPG, GIF, or take a photo with your mobile. Like the previous document, all the data must be legible and have sufficient quality.
  • If you face any problem while opening your account, you can send an email to newaccounts@gomarkets.com with your problem.

FAQs

  1. How long does it take to verify my account?
  • It takes about 24 hours to verify your GO Markets account.
  1. Can I open more than one trading account?
  • No, but you can open a joint account that’s accessible by many people.
  1. Does GO Markets allow bot trading?
  • Yes, through API trading.
  1. Does GO Markets give a bonus?
  • You can get up to 30% credit bonus by funding your GO MarketsTrading Account with any amount between $1,000 and $20,000.
  1. Does GO Markets allow scalping?
  • Yes, GO Markets allow scalping and hedging.
  1. Where is my money held?
  • Any payments funded to GO Markets accounts by traders are held in a segregated bank account.
  1. What happens to my funds if the bank which holds my funds goes insolvent?
  • Having any money you deposit with GO Markets means that your funds are safe in a bank that has enough capital to accommodate your withdrawal wishes even if GO Markets goes out of business for some reason.
  1. How do I login using the MT4 mobile platform?
  • Steps:

1. Go to ‘Settings’

2. Click on ‘Manage Accounts’ or ‘Settings’

3. Then click on the small plus sign or select ‘New Account’

4. Then select ‘Log in to an existing account’

5. Search for the broker name

6. Select the server your account was set up on

7. Enter your login credentials and password

8. Click on ‘Sign In’

  1. When will my demo account expire?
  • The GO Markets’ demo account lasts for 30 days.
  1. When trading forex, will you lose more than your initial deposit?
  • MetaTrader 4 is set to automatically close your positions when your margin requirement reaches 100% (stop out level).
  • Please note that this process is automated and is not a guarantee that your account will not enter into a negative equity situation and you should keep a balance amount in your account above your required margin.
  1. Can I login to more than one account from the same computer?
  • Yes, you can do such a thing by using the MT4 Multi Terminal.
  1. Can I login to the same account through different devices?
  • Yes, you can login to the MetaTrader 4 platform using the same password and username through different devices.
  1. Does GO Markets accept payments from third parties?
  • No, as third-party payments and over-the-counter cash payments to GO Markets are prohibited.

 



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