GO Markets Pros & Cons | Get Information at a Glance

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.

In this article we’re addressing the main pros and cons of GO Markets in each broker aspect.

GO Markets

Pros

Cons

Safety

  • Regulated by CySEC, ASIC, and FSC
  • Negative balance protection
  • 15 years of experience
  • Has an investor protection amount
  • Not regulated by top-tier FCA

Offering of Investments

  • CFD and forex trading
  • Metals and commodities trading
  • Cryptocurrency trading
  • +350 trading instruments
  • No ETF, bonds, futures, or options trading
  • No real stocks trading

Account Opening

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

Fees and Commissions

  • No commissions on standard account
  • Low spreads from 1.0 pips
  • Low non-trading fees
  • High Australia share CFDs fees

Deposit & Withdrawal

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

Platforms and Languages

  • Available on MT4 and MT4 platforms
  • Price alerts
  • Available on Windows / Mac / Web / Android / IOS
  • Order confirmation
  • Customizable charts
  • Does not have a customized trading platform
  • No two-factor authentication

Research Tools

  • Autochartist
  • Ability to connect to MyfxBook
  • Various research tools
  • Free MT4 Genesis
  • None

Customer Service

  • Live chat
  • Phone support
  • Email support
  • 24/5 support
  • No 24/7 support

Education

  • Educational tutorials
  • Various Educational Materials
  • Demo account
  • None

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.

If you want more information, please check out GO Markets Full Review.



Leave a Reply