Go Markets

Added on July 8, 2013 06:56 AM
(3 / 5)
Spread: 1.7 Min. lot: 0.01 Execution: STP
Leverage: 1:500 Country: Australia Regulated by: ASIC
Min. deposit: $500 Platforms: MetaTrader Payment methods: Bank Wire, Credit card, PayPal, bPay
Headquarters: Level 16, 114 William Street, Melbourne, VIC, 3000

GO Markets is acknowledged in the forex industry as an award winning service providers. They were given an AFR Smart Investor Blue Ribbon award due to their excellent service not long ago. Traders can make deposits and withdraw through Bank Wire, Debit/Credit card, PayPal and bPay. They are independent broker. Their website is accessible in English and Dutch.

Headquarters

The headquarters of Go Markets are located in

Level 16,114 William Street, Melbourne, VIC, 3000.

Australia

They are regulated by ASIC and AFSL with the license number 254963

Their Website Address is www.gomarketsaus.com. They were founded in the year, 2006. They are DMA/STP type of brokers. They have international offices in Netherlands. Their phone no is +61 3 9934 4500, their fax number is +61 3 9642 5953, Toll Free: 1800 88 55 71 and their e-mail address is customerservice@gomarketsaus.com

AFR Smart Investor Blue Ribbon award

They offer Forex spreads from 0.5 pips. They are able to offer one of the most fixed spreads in the forex market due to a combination of factors. Go Markets price feed is obtained top banks and financial institutions enabling them to offer their customers the tightest spread available in the market. Secondly, their MetaTrader 4 makes use of a 5 decimal place system which allows them to offer fractional spreads.

Regulation

GO Markets are a credible forex brokerage regulated in Australia by the ASIC. They are licensed by the AFS. The License no is (254963). Traders are not limited by the restrictions of NFA allowing them to trade without restriction. There are no restrictions on hedging or the use of pending orders including stop loss orders.

With Go Markets traders are opportune to use one of the most popular trading platforms that have varieties of tools inbuilt to assist the traders to be successful.

Account Types

Traders can open a demo account, live account, Individual account and Joint account.

Demo Account

Customers can open a MT4 demo account. Its purpose is to assist traders to get used to Go Markets trading platform.

Standard Account

The trader when he wants to open a live account after being satisfied with the result obtained from the demo account can either open a standard account or a demo account. The minimum deposit allowed on GoMarkets Standard Account is $500, minimum lot of 1k, maximum leverage of 1:500 and a spread of 1.8 pips on EURUSD.The customer can trade on gold and silver in addition to forex.

Pro Account

Go Markets Pro account requires a higher amount of initial deposit than the standard account. They offer different forex analysis to assist traders in their daily trade. Examples of such analysis are Autochartist, autochartist resources and tools, daily market situations by highlighting different currency rates, Daily market reports, Dow Jones newswires, free newsletters, economic calendar, radio market wrap(BRR). They provide expert advice for MT4, Scrips for MT4, MYFX AND VPS hosting.

GoMarkets Pro Account has a minimum deposit of $3,000, minimum lot of1k, maximum leverage of 1:500 and a Spread of 1.0 pip spread + 0.7 pips commission. They allow customers to deal directly through processor (STP).

Trading Platforms

Go Markets provides its teeming customers with different kinds of trading platform to suit their needs. The following are trading platforms offered by Go Markets:

  • They allow Social trading on MT4: FX COPY
  • MetaTrader 4
  • Metatrader 4 demo
  • Metatrader 4 live
  • Meta trader 4 for MAC
  • WebTrader
  • Mobile trading Platform
  • MT4 [Mobile, iPhone, iPad, iPod touch, Android, Blackberry, Smartphone]
  • MT5
  • MYFX

Currencies

Traders can open account in any of the following currencies- USD, EUR, GBP, AUD and NZD. They have ECN account, segregated account and swap-free account. GO Markets provides web trading in Forex and spot metals via their top class MetaTrader 4 platform integrating 100% directly through their NO dealing desk execution to assist the trader do fast and automated trading. Go markets is very popular in the industry for its spreads that begins with 0.5 pips.

Commodities

With Go Markets, Traders can trade on any of the following:

  • Forex
  • Spot Gold
  • Silver

Customers’ services

Customer service is taken serious when you register with Go Market. To ensure that all the customers’ needs are duly met and on time; they provide every customer with a personal account manager to assist him or her when necessary and to train the customer on how to use their metatrade4platform for successful forex trading. The account manager is also available to render assistance during trading when necessary. Application process is swift with Go Market whether for account opening, funding or withdrawal. The customer services could be accessed in various languages-Chinese, English, German, Russian, Dutch, Malay through different methods like manuals, Newsletter, call back, phone, chat and through email.

Pros

  • They offer flexible leverage options.
  • They offer widest spread that begins with as little as o.5 pips
  • The traders can enjoy high speed of execution of trades
  •  They offer Bonus to traders
  • They also provide traders with occasional promotions
  • Segregated & secure customers funds are held in an AA-rated institution (NAB)
  • They offer Free Technical Analysis Reporting from Trading
  • They offer unrestricted  use of Expert Advisors

Cons

  • Oneclicker doesn’t work with GoMarkets MT4
  • Service not available occasionally and occasional lag when you want to fill an order especially while scalping.

Overall ratings

The average rating for this broker is 3 out of five stars. They provide an excellent customer services. Each trader is linked with an account manager. They offer traders tools that are incorporated with the trading platform to aid traders make successful trades are:

They provide expert advice to traders through their automatic trading robots. They offer customizable indicators. Traders can formulate their own or use the one provided by the MQL4.com community. They offer an innovative technology of trading on the go through the use of Smartphone and PDA platforms. They offer Price alerts services as well as forex signals.

Chart PatternsFibonacci Patterns

Conclusion

Go Markets are brokers who provide online services for forex trading as well as contracts, for difference or CFDs and securities. They partner with specialists organizations to enable them provide top notch services to their customers. They serve traders both locally and internationally. Their website has loads of information that assist novice traders find their feet in the forex industry. They have help lines for Australian traders, US traders and other international traders. Even though that there are a few customers who are unsatisfied with their services; many traders seem to be happy with them. No institution or business can satisfy all the customers equally no matter how good it is.

Tags:
ASIC, MT4, WebTrader

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