Go Markets: Your Partner for Forex and Binary Options
GO Markets is widely recognized as Australia’s original MT4 Forex Broker and a leading provider of Forex and CFD trading services – offering 50+ tradeable instruments including Margin FX, Commodity, Energy, Index and Cryptocurrency trading to individuals and institutions globally. GO Markets holds an Australian Financial Services License (AFSL) issued by the Australian Securities and Investments Commission (ASIC).
GO Markets Plus+ Account offers spreads from 0.0 pips through the combination of aggregated Bank, Non-Bank, and ECN pricing on Margin FX (Forex) and Metals
Go Markets Accounts
As a regulated forex broker, Go Markets provide their clients with mostly three distinct accounts, the ‘Standard’ account, the ‘Pro’ account, and the ‘Plus’ account.
This account is a commission-free account that gives leverage up to 1:300. The investors can reap all the benefits by making a Go Markets minimum deposit of $200. This account offers spreads from 1.2 pips.
The Pro account guarantees better spreads (from 0.5 pips) and can be accessible by paying an initial deposit of at least $1000.
The Plus account is suitable for highly experienced traders. On a deposit of $10,000, an investor can expect spreads from 0 dips.
Their accounts are extremely lucrative for novice and professional traders, guaranteeing maximum leverage of 1:300 on Meta Trader 4.
Trading with Go Markets: Salient Features
Go Markets has widely gained recognition for their outstanding features. Trading with Go Markets is fairly easy. The user-friendly interface allows the traders to trade effortlessly. Some of the advantageous features offered by Go Markets are listed below:
Go Markets have the Genesis version of the MT4 platform which offers a host of competitive advantages. It has a terminal window to handle live trades. Its mini terminal window allows traders to place a trade while glancing at the charts and figures. When it comes to eliminating errors, the correlation trading option minimises trading mistakes to a great extent.
Low Initial Deposits
Opening a trading account with Go Markets is an inexpensive affair. A trader can open an account on Go Markets with a minimum deposit of $200. However, if an investor wants added privileges, such as access to MT4 Genesis, Autochartist, etc, s/he will need to open a standard account with $500.
GO Markets provide diverse spreads. While the commission-free ‘Standard’ accounts offer spreads from 1.2 pips on EUR/USD (the standard figures for forex market), the ‘Pro’ accounts promote tighter spreads. The spreads offered by this type of account often drops as low as 0.5 pips on EUR/USD. However, a commission of AUD 3.5/ lot or $5/ turn is involved here.
People who open an account with GO Markets can leverage ratios up to 1:300 (the standard for the forex market). Unlike some brokers that permit considerably lower ratios (as low as 1:50 in the US), Go Markets offers a higher leverage which can be extremely lucrative in the long run.
Go Markets promotes the most illustrious platform in Forex trading, MetaTrader 4 (MT4). The MT4 platform is flexible and can be accessed from desktops, Mac, tablets and smartphones.
All the top Forex brokers including Go Markets supports MT4 platform. This is because it accommodates a number of worthwhile tools and resources. A trader will be supported by highly advantageous paraphernalia that promotes effortless trading. Some of the components involve:
- A Host of technical indicators
- Thorough charting schemes
- Expert Advisors (EAs) and automated trades
If traders opt for EAs, their platform must be connected to their broker’s servers round-the-clock. Virtual Private Server (VPS) is an excellent solution to ensure this. Go Markets offers MAXX VPS to its members at a reasonable rate.
Going forward, Go Markets has designed a competent solution with MT4 trading tools. This is called Genesis MT4. This facility is accessible to traders/investors who have deposited a minimum amount of $500. Accordingly, this version of MT4 boosts the efficiency of the standard MT4 platform to an enormous extent. Traders will highly benefit from an array of add-ons including Sentiment Indicator, News Alerts, Market Manager, etc.
Mobile Trading Platform
Trading on MT4 platforms has become easier with Go Markets’ Mobile Trading App. A trader can trade anytime, from anywhere. This MT4 mobile app has a number of advantageous features that allow their clients to trade without hassles. Some of its beneficial features include:
- Trade Binary Options 24/5
- Access to Transaction History
- News Alerts
- Quick Access to Charts and Indicators
- Browse Real-Time Pricing
Go Markets accommodates a variety of trading options, from cryptocurrencies, CFDs, to Binary Options.
The trading hours allotted to Forex are between Monday (0:00 hrs) to Friday (24: 00 hrs). Go Markets’ Forex pairs are spread-based for traders who are registered with them.
Commodities are one of the commonly traded assets these days. Trading commodities have a number of advantages. On the MT4 platform, an individual can trade a variety of commodities, such as gold, silver, WTI crude oil, and Brent crude oil. Since these commodities are traded as Contracts for Difference or CFDs, a trader deals with price movements and not any physical instrument.
Trading indices on MT4 is a worthwhile enterprise. This is because traders can access a wide array of index CFDs on this platform. If an individual is registered with Go Markets, s/he is allowed to get access to the cash CFD. This signifies that clients are trading on the movement of the index’s prices instead of buying the underlying contract. Such cases enable traders to trade in minute contract sizes, a method which can prove advantageous to amateur traders.
Introduced in the last decade, cryptocurrency has evolved to become an excellent alternative to fiat currencies. Conveniently enough, Go Markets allows traders to leverage two of the most popular forms of crypto assets – Bitcoin and Ethereum.
Binary Options Trading
Go Markets offers a certain price after analysing an underlying spot price of a currency pair. The rate of return is mostly determined by two important factors – market volatility and the expiry time of the contract. The tradable price offered to the clients is solely determined by Go Markets and not any underlying exchange or an external vendor. Since Go Markets is responsible for setting the price, they cannot offset/ ‘hedge’ a client’s position. This means Go Markets has to depend on the outcome of the binary trade. There is a small drawback of Binary Options trade; as opposed to exchange-traded options, Binary Options trading does not permit investors/traders to purchase or sell underlying assets.
Why trade Binary Options?
- Up to 60% to 80% return
- Trade as low as USD $ 5
- Flexible time frames
- Trade according to risk profile
- Trade binaries directly from MT4 platform
If a trader has a live account with Go Markets and trades Forex, s/he can consider registering herself/himself to get access to Binary Options. In case, the trader is a fresher, who has never traded with Go Markets, s/he can register for an MT4 demo account.
Flexible Payment Methods
Go Markets is quite flexible when it comes to deposit/withdrawal methods. They offer a plethora of options to their clients including:
- Credit cards
- Debit cards
- Bank transfer
What is more, clients may use different types of currencies to make their deposits. Some of the currencies accepted by Go Markets include USD, EUR, GBP, NZD, AUD and SGD.
Go Markets offers a host of profitable bonus schemes. To begin with, there is an account opening bonus for new clients. There is a selection of MT4 bonuses that help clients to kick-start their operations. Some of these lucrative bonuses include refer-a-friend and free VPS services.
Going forward, there is also a 10% trading credit bonus, which can be extremely profitable. If the clients’ fund their Go Markets’ account with $500 and above, they can get up to 10% cash back as a trading bonus. In addition to this, a client who has made a deposit of $500 is eligible to access MT4 Genesis and Autochartist for free.
Go Markets is registered with the Australian Securities and Investment Commission (ASIC) and ensure the security of funds. The companies that are licensed by ASIC strictly adhere to the directives and comply with the regulations sanctioned by them. As instructed by ASIC, Clients’ funds are kept in separate trust accounts. Furthermore, company professionals are required to send updates to ASIC on a regular basis. As a licensed member of ASIC, Go Markets is required to maintain assets worth at least $ 1 million.
To Sum Up
Go Markets offers extremely convenient trading conditions for all sorts of traders, both beginners and professionals. Overall, some of the competitive advantages offered can be summed up as follows:
- ASIC-licensed company
- Tight spreads
- Low commission charges
- MT4 Genesis
- MT4 trading tools and add-ons
- Mobile trading app
- Multiple payment methods
- Exciting promotions
Functional from 2006, Go Markets has evolved over the years to become a popular STP broker. Not only do they offer favourable conditions for trading, they accommodate a wide range of currency pairs and trading assets. Clients can exchange commodities, index CFDs, and Binary Options on the MT4 platform. After availing their services, most clients will agree that Go Markets is one of the leading destinations for trading Forex. Offering an array of worthwhile advantages, from lucrative promotions, secured transactions, MT4 trading tools to high-end customer services, Go Markets comes across as an extremely reliable broker for trading Forex.