GO Markets Review and Detailled Analysis 2021

GO Markets Review and Detailled Analysis 2021

Home » GO Markets Review and Detailled Analysis 2021

Founded in 2006, GO Markets is a regulated broker offering 250+ trading instruments. They provide powerful trading platforms with a range of trading tools and dedicated educational centre for traders.

In this detailed GO Markets review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

GO Markets Overview

Founded in 2006, GO Markets is a leading Australian online broker offering over 80,000 clients from around the world access to trade over 250+ instruments from multiple markets including Forex, Cryptocurrency, Commodities, Stocks, Shares, Indices, Metals, Energies & CFDs.

GO Markets pride themselves on offering reliable, powerful and flexible trading conditions including accounts with raw tight spreads starting from just 0 pips. Servers that are located in the Equinix LD4 data centres ensures a low latency environment to execute your trades with some of the best execution speeds possible.

GO Markets have an extensive range of free educational courses for beginner and advanced traders, including webinars. They also provide a selection of trading tools to help improve the overall experience including MetaTrader Genesis, Autochartist, VPS, Trading Central & more. Clients can choose between the powerful MetaTrader 4 (MT4) & MetaTrader 5 (MT5) trading platforms whilst leverage of up to 1:500 is available.

GO Markets maintain a client-first approach, striving to be the broker of choice for traders of all levels whilst continuously offering innovate trading technologies to clients through reliable customer service, transparent pricing, low-latency trade execution and platform stability. There is personalised, friendly and knowledgeable multilingual customer support on hand 24/5 to help you with all your trading needs.

GO Markets Regulation

GO Markets is licensed and regulated by the Australia Securities and Investment Commission (ASIC). They are authorised to operate a financial services business in Australia, under its Australian Financial Services Licence AFSL 254963.

This means that they are required to abide by strict regulatory requirements with a compliance management system in place to ensure that they do so. Such stringent regulation can help to give traders peace of mind that they are using a trusted and reliable broker.

Go Markets client funds are held in segregated client trust accounts at top-tier AA-rated Australian banks – National Australia Bank (NAB) and Commonwealth Bank where they have multiple client accounts in different currencies. This segregation ensures that client funds are separate form the company funds and therefore not used for any other purposes such as business running costs.

The GO Markets website has a range of very useful and informative detailed legal documentation for clients to review before trading, which is very important to thoroughly understand before opening an account with any broker.

GO Markets Countries

GO Markets accepts clients from all over the world, excluding some countries where there are certain restrictions in place such as the USA, Canada, New Zealand, Belgium, Japan, Israel, Turkey, Vietnam, Puerto Rico, Afghanistan, Azerbaijan, Bosnia and Herzegovina, Burundi, Central African Rep, Congo, Cote D’Ivoire , Ethiopia, Eritrea, Egypt, Gaza Strip, Haiti, Iran, Iraq, Lebanon, Libya, Myanmar, North Korea, Pakistan, Serbia, Sierra Leone, Somalia, Sri Lanka, Sudan, South Sudan, Syria, Trinidad and Tobago, Tunisia, West Bank, Ukraine, Vanuatu, Venezuela, Yemen, Zimbabwe.

Some GO Markets broker features and products mentioned within this GO Markets review may not be available to traders from specific countries due to legal restrictions.

GO Markets Platforms

GO Markets offer the ever popular and powerful MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms which are freely available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet). The main difference between the respective MT4 & MT5 platforms is that MT4 is primarily a forex trading platform, whilst MT5 is a multi-asset CFD trading platform.

There is FIX API connectivity available that is determined on a case by case basis as there are certain requirements which would need to be discussed with clients who are interested in this solution.

MetaTrader 4 (MT4) Trading Platform

MT4 has long been the standard platform of choice for millions of traders across the globe. It is known to have an intuitive and friendly interface that makes it appealing to traders of all skill levels.

GO Markets were amongst the first online brokers to introduce MT4 to Australia way back in 2006. Since then they have gone on to improve the platform further by introduce a set of MT4 tools including MT4 Genesis.

MT4 has many features that makes for a simple and convenient trading environment with built in tools to help improve trade efficiency.

MT4 Key Features

  • Access to real time quotes of trading instruments
  • The ability to trade multiple markets
  • Multiple chart timeframes
  • Multiple order types and one click trading
  • Alert notifications via the platform, SMS and email
  • Support for automated trading via expert advisors (EAs)
  • Strategy tester for back testing EAs over historical data
  • Wide range of built in technical indicators and graphical objects for conducting chart analysis
  • MetaEditor for creating custom indicators and EAs in the MQL programming language
  • MQL community and market place accessible from within the platform

GO Markets have a selection of user guides and video tutorials to help those traders that are new to MT4 learn more about the platform. They are easy to follow and informative, covering a variety of topics from platform features, tools and functionality.

MT4 is available on desktop, web and mobile. The web platform runs directly in most modern web browsers without the need to install any additional software. The mobile application is available for download on both Android and iOS devices from the relevant app stores. The app is useful for those who need to access their accounts and trade whilst on the go from anywhere in the world with an internet connection.

MetaTrader 5 (MT5) Trading Platform

MT5 is a multi-functional, modern and comfortable platform. It is the successor to MT4 that maintains most of the key features with some additional tools for comprehensive price analysis, automated trading and copy trading.

MT5 Key Features

  • Multi-asset CFD trading platform
  • Depth of market real time price quotes
  • Support for more order types
  • 21 timeframes
  • Over 80+ technical indicators and graphical objects
  • Economic calendar
  • Multi-currency strategy tester for back testing EAs

MT5 Flexible Trading

MT5 is a diverse and powerful trading platform with depth of market (DOM) and a separate system for the accounting of orders and trades. It has support for both order accounting systems: the traditional netting system and the hedging option system. There are 4 order execution modes that are available to meet various trading objectives: Instant, Request, Market and Exchange execution. MT5 supports all types of trade orders, including market, pending and stop orders, along with trailing stops.

MT5 Technical Analysis

MT5 has an impressive array of built in analytical tools. It can support up to 100 open charts at any time. There are 21 timeframes (compared to MT4’s 9 timeframes) for users to conduct comprehensive detailed analysis of all chart price movements. More than 80+ technical indicators and analytical tools are available. Users can also access thousands of additional tools from the MQL marketplace including custom indicators, EAs and signals.

MT5 Fundamental Analysis

Fundamental analysis is often conducted alongside technical, price action and sentiment analysis to gauge possible market movements. It commonly involves the study and analysis of economical news releases and industrial indicators. Such fundamental data can be accessed directly within MT5 via international news report broadcasts and an economic calendar.

MT5 Trading Signals

MT5 provides support for subscribing to trading signals that can be automatically copied to your trading account. There is a range of free and paid signals available to choose from according to your preferences. You can see past performance but it should be strongly emphasised that past performance is by no means any guarantee at all of future performance.

MT5 Automated Trading

Automated trading is when a trading strategy is conducted automatically based on algorithms programmed into expert advisors (EAs) which are commonly referred to as trading robots. MT5 supports the development of robots in the MQL5 programming language whilst there is also a multi-currency strategy tester for back testing EAs on historical data. Back tests can be notoriously inaccurate due to factors such as spreads, slippage and commission that are not always accountant for. They are also known to be over optimised and thus can give zero guarantee of future performance.

MT5 Virtual Hosting (VPS)

MT5 has virtual hosting so that it can continue to operate signals and EAs on a remote server without you needing your computer switched on.

MT5 Accessibility

MT5 is available for desktop (Windows / Mac) and mobile (iPhone / iPad / Android / Tablet). The MT5 mobile trading platform allows traders to enjoy the freedom of movement by having the ability to trade 24/7 from within the palm of their hands using an Android or iOS device.

GO Markets Trading Tools

GO Markets have a good selection of trading tools that can be used to help make market analysis and the overall trading experience feel more efficient.

Myfxbook Auto Trading

Myfxbook has one of the largest communities of traders online. GO Markets offer access to Myfxbook’s AutoTrade for clients with a minimum account size of at least $1,000.

AutoTrade is a copy trade service that is used all over the world and mirrors trades directly into your account. You can view and choose from thousands of pre-approved trading accounts, including a broad range of statistics and analysis to ensure they fit within your requirements. It should be carefully noted that past performance is not any indication whatsoever of future performance.


GO Markets offer clients who have an account size of $500 or more, the Autochartist software which provides real-time trading alerts, price action alerts, volatility analysis and event impact analysis. It is one of the most popular charting tools available for MT4 & MT5.

Autochartist Key Features

  • Automatically scan multiple instruments and markets for trends and patterns
  • Conduct the complex and time­ consuming process of analysing charts for patterns
  • Send automatic audio and visual alerts when emerging and completed patterns are identified
  • Provide real time market data analysis across multiple timeframes

Autochartist Automated Technical Analysis

Autochartist can automatically find trends and patterns that would usually be time consuming to find. You can receive notifications once emerging and completed chart patterns such as Triangles, Wedges, Tops and Bottoms are identified. There is even an illustrated forecast range which can give an indication of expected price levels.

Autochartist Performance Statistics

Autochartist gives a 6-month review of the performance of the different trade setups to help identify those that have worked well and those that have not. This analysis is conducted for completed chart patterns and key levels.

Autochartist Volatility Analysis

The Autochartist volatility analysis system provides information related to the volatility of the markets and instruments that you wish to trade. This can include the time of day at which these markets are most volatile, possible exit levels and risk parameters.

Autochartist Market Snapshot

Users can subscribe to Autochartist market snapshot which will give you a 24 to 48-hour outlook for your chosen markets, sent directly into your inbox.

It should be mentioned that as Autochartist is a 3rd party software, GO Markets do not guarantee the accuracy or completeness of the data.

MetaTrader Genesis

After 10 years of providing clients with MetaTrader, GO Markets identified a set of key add-ons to assist traders when it comes to placing trades, managing risk and identifying trading opportunities. This led to the creation of MetaTrader Genesis.

MetaTrader Genesis is an advanced add-on for the MT4 & MT5 trading platforms. It is a comprehensive and professional suite of trading tools (applied as expert advisors) that can enhance the power of your standard MetaTrader platform.

GO Markets clients must have an account of at least $500 to gain access to Genesis and it is only available on the MT4 & MT5 desktop platforms.

MetaTrader Genesis Key Features

  • Conveniently manage your trades and account within the terminal window
  • Mini terminal to organise charts and access trade management tools directly from the charts
  • Market sentiment indicator to gain market insight
  • Correlation trader to spot potential opportunities
  • Interactive session map to keep track of the London, New York, Tokyo & Sydney sessions
  • Market manager window to conduct other tasks whilst keeping platform running
  • Alarm manager notification tool
  • Economic calendar for staying up to date with latest market news
  • Correlation matrix to see the correlation coefficient between various instruments over a particular time period

Trading Central

GO Markets is partnered with Trading Central, offering clients the pattern recognition software to enhance the overall trading experience.

Trading Central is a collection of programs fully compatible with both MT4 and MT5. They offer 24-hour multi-asset coverage, sophisticated technical and fundamental analysis, and back-tested trading strategies.

Trading Central Insightful Analytics

The technical insight combines actionable, technical analysis on most trading instruments, to help optimise trading strategies. It features a selection of detailed, proactive analytics, educational guidance and customisable options.

Trading Central Analyst Expertise

The analyst views market research tool combines the experience of senior analysts with automated algorithms. The patented pattern recognition constantly monitors the market with global 24/7 coverage on over 8,000 financial instruments. Users are provided with updated analyses whenever new price levels are met.

Trading Central Newsletters

Trading Central can deliver newsletters to your inbox to help you stay up to date with the latest market movements, analysis and education.

Trading Central Alpha Generation

The alpha generation has 3 innovative indicators for MT4 & MT5 charts that are based on market psychology and can help spot potential trades and exit opportunities.

Trading Central Research Platform

The award-winning Trading Central has a modern, sleek and user-friendly interface. It combines in depth research and powerful pattern recognition to deliver around the clock actionable ideas to traders.

As Trading Central is a 3rd party software, GO Markets do not guarantee the accuracy or completeness of the data.

a-Quant Daily Trading Strategies

a-Quant is an innovative Fintech company with a team of over 25 years collective experience that has developed state-of-the-art trading products

They have a unique signal service that aggregates millions of data points from more than 12 different data sources and utilise a combination of machine learning, artificial intelligence algorithms, sentiment and technical analysis. It produces an average of around 9-12 signals on a daily basis that can be sent direct to your inbox.

As a-Quant is a 3rd party software, GO Markets do not guarantee the accuracy or completeness of the data.

Virtual Private Servers (VPS)

GO Markets offer clients a VPS where they can run the MT4 & MT5 platforms remotely 24/7 without needing their computer switched on. This can be especially beneficial for those whose connection is lagging and those who need to run expert advisors around the clock.

The GO Markets VPS solution provides traders with direct access to market liquidity as it is physically located close to where the majority of transactions are conducted.

Clients who have a minimum trading volume of approximately 5 round turn lots per month can apply for a free VPS subscription. If the monthly volume is not met then a service fee starting from $10 will be charged.

GO Markets Education

GO Markets have a dedicated education centre that has a selection of options to improve your trading knowledge whatever your current level of expertise.

Trading eBooks

There is a range of eBooks covering a variety of topics including an introduction to the markets, trading strategies, trading psychology and more.

Video Tutorials

GO Markets also provide a decent selection of video tutorials covering topics such as forex, chart patterns, trading indicators, technical analysis, fundamental analysis, risk management and more.

Educational Courses & Webinars

GO Markets offer educational courses that can help clients to learn about trading and progress through the beginners, intermediate and advanced courses.

The Inner Circle is a group coaching program that is designed to provide on-going weekly education and market reviews to increase trader’s knowledge and confidence whilst enabling them to connect with other traders.

The courses can be individually tailored, allowing users to share feedback and suggestions as they progress through the modules including the topics that they wish to learn more about.


GO Markets have a section on their website dedicated to the latest market news. It is frequently updated by expert analysis, covering multiple markets with detailed analysis.

Economic Calendar

The GO Markets economic calendar displays the latest economic releases along with the date/time, country, impact rating and previous/forecasted/actual results. The calendar can be filtered according to user preferences and is often used as part of a fundamental analysis.

GO Markets Instruments

GO Markets clients can trade a wide range of products all from one account with more than 250+ instruments available in multiple asset classes including Forex, Share CFDs, Indices and Commodities.

Forex Trading

The foreign exchange (forex) market is the world’s most liquid and traded financial market. It allows traders to speculate on the differing prices between 2 currency pairs such as the EURUSD or GBPUSD. GO Markets offer clients 50+ major, minor and exotic forex currency pairs.

Trading Share CFDs

Share contract for difference (CFDs) create opportunities on the open market by enabling traders to trade both long (buy) and short (sell). GO Markets clients can trade ASX share CFDs with margin requirements from 5% via the powerful MetaTrader 5 platform.

Trading Metals

Metals trading remains a popular market amongst many traders. GO Markets clients can trade metals including gold and silver with competitive spreads and low margin requirements.

Trading Commodities

Trading commodities is commonly seen as a more traditional format of trading in the economic sector and still remains very popular. GO Markets have a selection of soft and hard commodities for trading effectively and efficiently online.

Index Trading

Trading index CFDs enables clients to speculate on the movement of an underlying assets price without having to actually physically own it. Clients can access a wide range of index CFDs via the MT4 & MT5 trading platforms. Indices offered include FTSE 100, CAC 40, US 500, ASX 200.

GO Markets Accounts & Fees

GO Markets currently offer 2 account options which are the standard and GO Plus accounts. The primary difference between the accounts is that the standard is commission free with higher spreads whereas the Plus account charges a commission but has tighter spreads. Both accounts also come with a dedicated account manager.

Demo accounts are available to test the different trading platforms and conditions before opening a real account.

As broker fees can vary and change, there may be additional fees that are not listed in this GO Markets review. It is imperative to ensure that you check and understand all of the latest information before you open a GO Markets broker account for online trading.

GO Markets Standard Account

The GO Markets standard account is spread based with no commission charged. This does mean that spreads will tend to be higher, starting at 1.1 pips and aggregated from 22+ liquidity providers. The minimum initial deposit on this account is $200. This account is likely to be preferable for those whose trading strategy does not rely on tight spreads, such as swing traders.

GO Markets Plus Account

The GO Markets Plus account offers raw spreads from 0 pips with a competitive commission of $6 charged per lot per round turn. The minimum initial deposit requirement on this account is $500. This account is most likely to be preferred by traders whose strategy requires tight spreads, such as scalpers.

GO Markets Support

GO Markets friendly and multilingual customer support team is available 24/5 to help with all general and technical trading questions. Customer support is provided via online chat, telephone and email.

GO Markets Deposit & Withdrawal

GO Markets have a variety of convenient methods for depositing and withdrawing funds from your trading account. This includes bank wire, credit card and online payment systems such as Neteller and Skrill. Please note that some methods may only be available to specific countries and not all are available for both deposit and withdrawal.

Some payment systems may have transaction limits, restrictions, and requirements which are indicated on their respective websites. You may need to verify your account to remove limits on particular methods in some countries. They use 3D Secure which provides extra protection for online payments.

GO Markets have no deposit fees using Visa/Mastercard, Skrill, Neteller and Bank Transfer, so you can fund your live account with no transaction fees.

Whilst they do not charge any internal fees for withdrawals, fund withdrawals to non-Australian banking institutions could be subject to bank fees from any intermediary bank involved in the transaction and may attract a receiving fee from your bank/institution. Clients will need to account for these fees when making withdrawals.

Withdrawals that are received prior to 1pm AEST will be processed on that same day. Any requests that are received after that time may not be processed until the next business day.

GO Markets strictly does not accept third-party payments. Funds can only be returned to a bank account in the same name (or joint) as your GO Markets account due to third party transaction regulations.

Accounts can be opened in USD, SGD, CHF, CAD, HKD, AUD, EUR, GBP, NZD. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.

GO Markets Account Opening

Opening a GO Markets account is a quick and easy process. You will need to complete the short online application form, trading questionnaire and verify your identity (e.g. passport or driver’s license) and address (e.g. utility bill). Once your account has been approved by a member of the support team, you can fund it using one of the convenient options available and then commence trading.

GO Markets Summary

GO Markets is a very well established and regulated broker with a good range of trading instruments across multiple markets. They have a range of flexible trading platforms and offer commission free trading. There is an impressive selection of trading tools offered to clients along with a dedicated educational centre. They also have convenient funding options and a prompt/friendly customer support team.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large % of investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The information on the GO Markets site is not directed at residents in the European Union and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

GO Markets Review and Detailled Analysis 2021 Details

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Restricted Countries
Head Country
Broker Type
Price & Leverage
Trading Options & Tools
Comisions & Payment options
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5.0 Overall Rating
GO Markets Review and Detailled Analysis 2021
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