Go Markets
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Pros and Cons
- Regulated by FSCA and ASIC.
- Very low spreads and fast execution speeds.
- Wide range of trading assets including Forex, Shares, and Cryptocurrencies.
- 24/7 customer support with multiple contact methods.
- Islamic accounts available.
- Advanced trading tools and market analysis resources.
- Attractive welcome and deposit bonuses.
- No proprietary trading platform.
- ZuluTrade not supported.
- Limited local payment methods in some African countries.
Introduction to Go Markets
Go Markets has grown to become a key player in the online trading industry, providing its clients with a comprehensive range of services designed to enhance the trading experience.
With a strong presence in the African market, Go Markets appeals to traders of all skill levels by offering access to diverse financial markets, a suite of robust trading tools, and flexible account options tailored to meet individual needs.
Founded in 2006, Go Markets is known for its commitment to transparency, high levels of regulatory compliance, and continuous innovation to keep pace with the rapidly evolving trading landscape.
In this review, we delve deeply into Go Markets’ offerings, from its regulatory framework and account options to trading platforms, educational resources, customer support, and more.
Each section provides a detailed analysis, allowing African traders to fully understand the advantages and limitations of trading with Go Markets.
Designed for both novice and experienced traders, this review highlights key aspects that make Go Markets a standout choice in the online brokerage industry.
Open a free accountRegulatory Compliance and Safety
Go Markets is regulated by some of the world’s most respected financial regulatory bodies, notably the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC).
These regulatory frameworks enforce strict guidelines around operational transparency, financial reporting, and client fund protection, ensuring that Go Markets operates in a highly secure and trustworthy environment.
For African traders, this means that Go Markets’ operations are held to rigorous standards of financial integrity.
Go Markets also ensures client funds are segregated in reputable banks, safeguarding traders’ deposits from any financial instability that the company may experience.
Additionally, the broker is required to participate in financial compensation schemes where applicable, adding an extra layer of security.
Account Types and Features
Understanding that traders have unique needs and trading styles, Go Markets offers several account types designed to provide flexibility and accommodate different trading requirements.
Below is a detailed look at the account types available and the distinct features each one offers.
Standard Account
The Standard Account is best suited for beginner to intermediate traders looking for a straightforward, commission-free trading experience.
This account type provides access to competitive spreads, starting from as low as 1.0 pips, without incurring any additional commission charges.
Key features of the Standard Account include:
- No commission fees on trades, making it more economical for casual traders.
- Spreads starting from 1.0 pips, ideal for traders seeking a balance between cost-effectiveness and market access.
- Leverage up to 1:500, offering ample opportunity for traders to maximize their trading potential.
GO Plus+ Account
For more experienced traders or those seeking tighter spreads, the GO Plus+ Account is an optimal choice.
This account provides raw spreads starting from 0.0 pips, coupled with a nominal commission per trade. The GO Plus+ Account is especially beneficial for scalpers and high-frequency traders who prioritize minimal transaction costs.
Key features of the GO Plus+ Account include:
- Raw spreads from 0.0 pips, allowing direct market access with transparent pricing.
- A commission of $3 per side per 100k traded, which is competitive within the industry.
- Leverage up to 1:500, suitable for high-frequency and algorithmic traders seeking greater exposure with lower capital requirements.
Both account types offer access to all available trading instruments, platforms, and Go Markets’ customer support.
Additionally, traders can benefit from free access to educational materials and resources that Go Markets offers to enhance the trading experience.
Get a BonusTrading Platforms
Go Markets supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), two of the most respected and widely-used trading platforms in the industry.
These platforms are known for their robust technical analysis tools, customizable charts, and support for automated trading through Expert Advisors (EAs).
MetaTrader 4 (MT4)
MT4 is Go Markets’ flagship platform, known for its reliability and versatility.
It provides traders with essential tools and functionalities for effective trading. Key features of the MT4 platform include:
- Comprehensive charting tools: Over 30 technical indicators, 9 timeframes, and multiple chart types for in-depth market analysis.
- Automated trading: The ability to use EAs to automate trading strategies and remove emotional factors.
- Easy-to-navigate interface: MT4 is known for its user-friendly interface, making it accessible even to novice traders.
MetaTrader 5 (MT5)
While MT4 remains a favorite, MT5 is gaining traction among more advanced traders due to its added functionality.
MT5 builds on the foundation of MT4 but includes additional tools and indicators, a wider range of order types, and an integrated economic calendar.
Key features of the MT5 platform include:
- More order types: MT5 includes two additional order types not found in MT4, providing greater flexibility for strategy implementation.
- Improved charting capabilities: Enhanced charting tools, timeframes, and indicators, suitable for more complex analysis.
- Multi-asset support: MT5 supports not only forex but also stocks, futures, and options trading, making it versatile for diverse portfolios.
Both platforms are available on desktop, web, and mobile devices, ensuring traders can manage their portfolios and execute trades on the go.
Trading Instruments
Go Markets offers a comprehensive range of trading instruments, providing traders with opportunities to diversify their portfolios.
African traders, in particular, can benefit from exposure to global markets through various asset classes.
Forex
Forex trading is the cornerstone of Go Markets’ offerings.
The broker provides access to over 50 currency pairs, including majors, minors, and exotic pairs.
The forex market operates 24/5, giving traders the flexibility to engage in trading sessions that align with their time zones and availability.
Indices
Go Markets allows traders to speculate on the performance of global stock indices, such as the S&P 500, NASDAQ, FTSE 100, and more.
Trading indices offer a way to gain exposure to the overall performance of stock markets without investing in individual stocks, making it a popular choice among traders seeking broader market exposure.
Commodities
Commodities such as gold, silver, oil, and other energy products are available for trading on Go Markets’ platforms.
Commodity trading offers African traders a means to hedge against currency fluctuations and diversify their trading portfolios.
Cryptocurrencies
Go Markets also supports cryptocurrency trading, offering popular digital assets such as Bitcoin, Ethereum, and Litecoin.
African traders can take advantage of cryptocurrency volatility without the need to own the actual coins, as trading is conducted via CFDs (Contracts for Difference).
Customer Support and Educational Resources
Go Markets is known for its commitment to customer support, ensuring that traders have access to professional assistance around the clock.
The broker’s support team is available 24/5, offering help via live chat, email, and phone, making it accessible to traders across different time zones, including Africa.
Visit the official website: Go MarketsDetailed Analysis of Go Markets’ Trading Conditions
Trading conditions at Go Markets are designed to cater to a broad range of trading styles and strategies.
This section will delve deeper into spreads, leverage, commissions, and other factors that influence the trading experience, ensuring traders understand the full scope of conditions offered.
Spreads and Commissions
One of Go Markets’ primary advantages lies in its competitive spreads.
With spreads starting as low as 0.0 pips on the GO Plus+ Account, the broker caters to high-frequency traders who require narrow spreads to capitalize on small price movements.
For standard account holders, spreads start at 1.0 pips, which remains competitive in the industry, especially for African traders looking to balance costs with performance.
The transparency in pricing is noteworthy, as Go Markets provides a clear breakdown of expected spreads for different currency pairs and trading sessions.
Commissions are only applied on the GO Plus+ Account, where a fee of $3 per side per 100,000 units traded is charged.
This pricing structure is attractive to scalpers and day traders who prioritize low spreads and don’t mind paying a modest commission per transaction.
The Standard Account, by contrast, offers commission-free trading, appealing to newer traders and those with lower trading volumes.
Leverage Options
Go Markets provides leverage of up to 1:500, which is particularly advantageous for traders looking to amplify their positions with minimal upfront capital.
However, leverage should be used cautiously, as it can significantly increase both potential profits and potential losses.
The high leverage ratio is especially appealing in markets like Africa, where traders may want to enhance their trading power without the need for substantial capital investments.
Order Execution and Trading Speeds
Go Markets is known for its efficient order execution speeds, which are crucial for traders who require timely market entries and exits.
By utilizing advanced technology, Go Markets ensures that trades are executed promptly, minimizing slippage.
This efficiency is essential in volatile markets, where price movements can impact trading outcomes within seconds.
The broker’s commitment to technological advancements, including servers located close to major financial centers, ensures African traders have access to global markets with minimal latency.
Additional Trading Tools and Resources
In addition to its primary trading platforms, Go Markets offers a suite of tools designed to enhance the trading experience.
These tools cater to both technical and fundamental traders, providing insights and aiding in strategic planning.
Here’s a closer look at some of the tools available:
AutoChartist
AutoChartist is an automated pattern recognition tool that identifies trading opportunities based on technical patterns.
Available to all Go Markets clients, AutoChartist scans the markets in real-time, highlighting price patterns such as triangles, flags, and head-and-shoulders formations.
This tool is highly beneficial for traders who rely on technical analysis but may lack the time to manually analyze multiple charts.
Economic Calendar
The Economic Calendar is an essential tool for fundamental traders, offering insights into upcoming economic events, data releases, and announcements.
It helps traders stay informed about market-moving events, such as interest rate decisions, GDP reports, and employment figures.
Go Markets’ economic calendar is integrated directly into the platform, allowing traders to stay informed without needing to navigate away from the trading environment.
Trading Central
Go Markets also provides access to Trading Central, an award-winning analysis tool that delivers expert insights and actionable market analysis.
Trading Central covers a wide range of assets, including forex, stocks, commodities, and indices, offering traders daily updates, technical insights, and trading signals.
Account Funding and Withdrawal Options
For African traders, the ability to easily fund and withdraw from trading accounts is critical.
Go Markets offers a range of payment options to ensure flexibility and convenience in managing finances.
This section will cover the deposit and withdrawal methods available, including transaction fees and processing times.
Deposit Options
Go Markets supports multiple deposit methods, including bank transfers, credit/debit cards, and e-wallets such as Neteller and Skrill.
Deposit processing times are generally quick, with most methods offering instant deposits, ensuring traders can begin trading promptly.
African traders may appreciate the inclusion of Neteller and Skrill, which are popular in the region due to their reliability and ease of use.
Withdrawal Process
Withdrawals at Go Markets are designed to be straightforward, with a focus on quick processing times to provide traders with access to their funds as needed.
While Go Markets does not charge internal fees for withdrawals, it is important for traders to check if any third-party fees apply, especially for international transactions.
Withdrawal requests are typically processed within 1-3 business days, although actual times may vary depending on the payment method chosen.
Advantages and Limitations of Trading with Go Markets
Like any brokerage, Go Markets offers unique advantages, along with some limitations that may impact traders’ experiences.
This section explores both the strengths and challenges, providing a balanced view of the brokerage’s offerings.
Advantages
- Regulated by ASIC and CySEC: Go Markets operates under reputable regulatory bodies, ensuring high levels of security and transparency.
- Comprehensive Account Options: Both Standard and GO Plus+ accounts cater to diverse trading needs, from casual traders to professional scalpers.
- Access to MT4 and MT5: Traders benefit from two of the industry’s leading trading platforms, available on desktop, mobile, and web versions.
- Robust Trading Tools: With AutoChartist, Trading Central, and the Economic Calendar, Go Markets provides powerful tools for both technical and fundamental traders.
Limitations
- Limited Crypto Offering: Go Markets’ cryptocurrency options are somewhat limited compared to brokers specializing in crypto trading.
- No Proprietary Platform: While MT4 and MT5 are industry standards, Go Markets does not offer a proprietary platform with unique features or customizations.
Educational and Research Resources
Go Markets offers extensive educational resources, appealing to traders who prioritize continuous learning and improvement.
With access to webinars, trading guides, and market insights, African traders have ample opportunities to enhance their skills.
Webinars and Seminars
Go Markets conducts regular webinars covering a range of topics, from beginner tutorials to advanced trading strategies.
These sessions are led by experienced market analysts and are free for all account holders.
Webinars are especially useful for African traders seeking to enhance their knowledge and stay updated on market trends.
Trading Guides
Go Markets’ website offers a wealth of trading guides that cover fundamental topics such as forex basics, trading psychology, and risk management.
These guides are designed for traders at all levels, providing foundational knowledge and advanced insights to aid in better trading decision-making.
Conclusion: Is Go Markets Right for African Traders?
Go Markets has solidified its reputation as a trustworthy, efficient, and well-regulated broker, especially appealing to traders in Africa looking for a balance of advanced tools and accessible trading options.
With a dual focus on comprehensive trading resources and robust platform options, Go Markets serves both beginner and seasoned traders with equal effectiveness.
The broker’s strong regulatory framework, competitive spreads, multiple account types, and extensive educational resources make it a compelling choice for traders who prioritize security, transparency, and continuous learning.
However, traders interested in niche markets, such as extensive cryptocurrency portfolios, may find the offerings limited in comparison to some crypto-specialized brokers.
In summary, Go Markets provides an attractive trading environment that blends safety, innovation, and support.
Whether you are a beginner looking to understand the basics of forex or an experienced trader seeking low spreads and efficient execution, Go Markets offers a platform that is adaptable, reliable, and optimized for success in the African trading landscape.
Visit the official website: Go Markets
Updated as of: March 4, 2025
Updated as of: March 4, 2025
User Reviews and Opinions
Frequently Asked Questions
Is Go Markets regulated?
Yes, Go Markets is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa and the Australian Securities and Investments Commission (ASIC).
What is the minimum deposit required to open an account with Go Markets?
The minimum deposit required to open an account with Go Markets is $200.
Does Go Markets offer a demo account?
Yes, Go Markets offers a demo account for new traders to practice with virtual funds.
What trading platforms does Go Markets support?
Go Markets supports MT4 and MT5 trading platforms.
Is there an Islamic account option available at Go Markets?
Yes, Go Markets offers Islamic accounts for traders who follow Sharia law.
How can I contact Go Markets customer support?
You can contact Go Markets customer support through live chat, email, phone, and social media.
Does Go Markets offer bonuses or promotions?
Yes, Go Markets offers welcome bonuses and deposit bonuses.
How long does it take to withdraw funds from Go Markets?
Withdrawals from Go Markets typically take 1-2 business days to process.
What leverage does Go Markets offer?
Go Markets offers leverage of up to 1:500 depending on the account type.
Does Go Markets have a mobile trading app?
Yes, Go Markets has a mobile trading app available on both Google Play Store and Apple App Store.
Resources
Get To Know Our Team
The following team members have contributed to writing, editing, reviewing, and verifying the information in this article:
Arnold K.
Arnold is a financial journalist specializing in Forex and brokers. With a Bachelor of Science in Graphic Communication & Advertising, he blends creativity and analytical insight in his work. Arnold is known for his detailed analyses of forex markets and broker performance, emphasizing strategic decision-making in trading. His writing, featured on many platforms, aims to educate readers on navigating forex complexities. Passionate about technology and continuous learning, Arnold remains a trusted voice in the financial sector.
Oluwapelumi A.
Oluwapelumi A. is a financial journalist specializing in brokers and cryptocurrency. He holds a Higher National Diploma from The Polytechnic, Ibadan. As an independent journalist, his work has been published on premier broker sites, providing insightful analyses on broker performance and market trends. His investing style focuses on dollar-cost averaging, and his expertise includes Bitcoin, Ethereum, Cardano, and Algorand. A firm believer in the transformative power of Bitcoin and blockchain, Oluwapelumi shares knowledge on how these technologies can shape the future financial system. Outside of writing, he enjoys meeting new people and exploring new experiences.
Adetola F.
Adetola is a financial journalist and market analyst. He holds a B.Sc. in Educational Media and Technology from the University of Ilorin. Specializing in swing and position trading, Adetola has expertise in currencies, cryptocurrencies, gold, and stocks. Known for his consistent performance and extensive experience, he has trained numerous successful students worldwide. Adetola frequently publishes articles, educational videos, and live market reviews to help others navigate the complexities of financial markets.
Updated as of: March 4, 2025