GO Markets Deposit and Withdrawal In Detail | $0 Fees

Pros

Cons

  • Various deposit and withdrawal methods
  • No deposit fees
  • No withdrawal fees
  • No deposit or withdrawal using PayPal

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.

Account Currencies

The GO Markets account has a number of base currencies like AUD, USD, EUR, GBP, NZD, CAD, SGD, CHF, and HKD.

Notes:

  • You will not be charged with conversion fees if your account has the same currency with your bank account or when you trade assets with the same currency of your account.
  • If you want to avoid being charged with conversion fees, you can open a multi-currency bank account at a digital bank.

Deposit

GO Markets does provide a variety of options for depositing money like:

  • Visa/ Mastercard
  • Netteler
  • PaySafe (formerly Skrill)
  • Bank Transfers

GO Markets deposit methods

 

GO Markets

Credit cards

Yes

Bank Transfers

Yes

Electronic wallet

Yes

Fees

GO Markets do not charge any internal deposit fees using Visa/Mastercard, Skrill, Neteller and Bank Transfer.

Time

The transfer is instant except for the bank transfers that may take several business days.

Withdrawal

GO Markets does provide a variety of options for withdrawal like bank transfers and credit cards.

GO Markets withdrawal methods and fees

 

GO Markets

Bank Transfers

Yes

Credit cards

Yes

Fees

Go markets does not charge withdrawal fees.

Note:

Please note that funding withdrawals to non-Australian banking institutions may be subject to bank fees from any intermediary bank involved in the transaction and may attract a receiving fee from your bank/institution. Please account for these fees when making withdrawals of a small amount.

Time

The withdrawals using credit cards happen within 1 business day, but for the bank transfers, it may take several business days.

Notes:

  • Please note that if a deposit is made via Debit/Credit Card and a subsequent withdrawal request is received, the withdrawal will be processed back to the Debit/Credit Card from which the funds were initially deposited.
  • The maximum amount that can be withdrawn to a Debit/Credit Card is equal to the amount which has been received from the Debit/Credit Card and any withdrawal amount in excess of the deposited amount will be transferred to the nominated bank account held in the same name as your trading account.
  • For security reasons, you may have to verify your identity with the payment department for the first time through the registered email or the phone number.

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. 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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