GO Markets Review

Company background

GO Markets was founded in Melbourne, Australia in 2006 and is one of Australia's earliest MetaTrader-based retail brokers. The company operates as an independent, privately held group with regulated entities in Australia (GO Markets Pty Ltd, AFSL 254963), Cyprus (GO Markets Ltd, CySEC licence 322/17), Mauritius (GO Markets Pty Ltd MU, FSC licence GB 19024896), and Seychelles (GO Markets International Ltd, FSA licence SD043). It serves clients across more than 150 countries and expanded its instruments range substantially in 2024, adding over 1,000 new share CFDs.

The broker positions itself as a platform-first provider for active retail and professional traders. Its product range covers 1,800+ instruments including forex pairs, share CFDs, index CFDs, commodity CFDs, cryptocurrency CFDs, ETF CFDs, and bonds.

Fees and pricing

GO Markets offers two main account structures. The Standard account is commission-free with spreads starting from 1.0 pip on major forex pairs. The GO Plus+ account provides raw spreads from 0.0 pips and charges a commission of approximately USD 2.50 per side per standard lot on forex. There are no fees for deposits using Visa, Mastercard, Skrill, Neteller, or bank transfer. Withdrawals are processed without a broker-side fee, though intermediary bank charges may apply on international transfers. There is no inactivity fee. Overnight rollover fees apply to leveraged positions held past the daily rollover time, with cryptocurrency CFDs being an exception as GO Markets lists $0 overnight costs for crypto.

Regulation and safety

GO Markets is regulated by ASIC and CySEC, which are considered Tier-1 regulatory bodies in their respective regions. The FSC in Mauritius (licence GB 19024896) and the FSA in Seychelles (licence SD043) cover offshore entities. Client funds are held in segregated accounts at top-tier banks and are kept separate from company operating funds. CySEC-regulated clients may have access to the EU investor compensation fund up to EUR 20,000. GO Markets publishes a risk disclosure indicating that approximately 70% of retail investor accounts lose money when trading CFDs.

Platform experience

GO Markets supports MetaTrader 4, MetaTrader 5, cTrader, TradingView, and the proprietary GO TradeX mobile platform. MT4 and MT5 are available to all clients globally. cTrader and TradingView are available to Australian (ASIC-entity) clients. The GO TradeX app is a mobile-focused platform with full desktop-equivalent functionality. GO Markets also offers a demo account loaded with USD 50,000 in virtual funds, available in ten currencies. Additional tools include Autochartist, Trading Central, MetaTrader Genesis, Myfxbook AutoTrade, and free VPS hosting for traders who meet minimum monthly volume thresholds.

Pros and cons

GO Markets' main advantages are its Tier-1 regulation under ASIC and CySEC, a wide platform choice including cTrader and TradingView, no non-trading fees, and competitive raw spreads on the GO Plus+ account. The broker expanded its share CFD range significantly in 2024. Drawbacks include the absence of real stock ownership (all equities are offered as CFDs), standard account spreads that can widen during off-peak hours, and limited access to cTrader and TradingView outside Australia. There is no Islamic account option and the FCA authorisation for the UK entity was revoked in 2023.