Our team of trading experts presents a detailed GO Markets review, covering key aspects such as available bonuses, the MetaTrader 4 (MT4) platform, forex trading features, deposit and withdrawal methods, and account types. This review allows you to compare GO Markets with other leading forex brokers and determine if it offers the tools and benefits you’re looking for. Don’t forget to leave your rating after exploring the complete review.
Previously, GO Markets UK operated under a licensing agreement with GO IP Pty Ltd in Australia. In the UK, forex brokers are regulated by the Financial Conduct Authority (FCA), which enforces strict regulatory requirements. These include minimum capital thresholds and the safeguarding of client funds. As per FCA rules, client funds must be held in segregated accounts—separate from the company’s own funds. GO Markets UK states that all client funds are securely held at Barclays Bank PLC in the UK.
| Established: 2006 | Website: https://www.gomarkets.com |
|---|---|
| Address: Level 22, 600 Bourke Street, Melbourne, VIC, Australia. | Minimum to Open Live: $200 |
| Regional Offices: Hong Kong, Taiwan, and the United Kingdom. | Regulators: Australian Securities and Investments Commission. |
| Minimum Trade Size: 0.01 | Prohibited Countries: Israel, Belgium, Canada, Japan, New Zealand, Turkey, United States of America, and Vietnam. |
| Maximum Leverage: 1:500 | ECN: Yes. |
| Mobile Trading: Available | Currencies: 50+ Pairs |
| Trading Platforms: MT4, MT5, and WebTrader. | Cryptocurrencies: 4 including Bitcoin, Litecoin and Ethereum. |
| Robots: Available. | CFD: 200+ Gold, Silver, Stocks, Stock Indexes, Oil. |
| Scalping: Allowed | Web Trading: Available |
| Deposit Methods: : Bank Wire, VISA, MasterCard, BPAY, FasaPay, Neteller, Poli, Skrill. | Withdrawal Methods: Bank Wire, VISA, MasterCard, BPAY, FasaPay, Neteller, Poli, Skrill. |
MT4
Our trading experts have reviewed GO Markets and found that the broker offers both the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms—two of the most popular trading platforms developed by MetaQuotes. Known for their advanced functionality, robust performance, and user-friendly interface, both platforms are available through WebTrader for seamless, browser-based access.
GO Markets was among the first forex brokers to introduce MT4 in Australia, offering full support for both Windows and Mac downloads. The platform’s charting tools are highly customizable, allowing traders to adjust timeframes, chart types, and apply a wide range of drawing tools and technical indicators to suit their trading strategies.
While MT4 remains a favorite among many traders, MT5 is considered its successor, offering enhanced features, improved performance, and greater analytical capabilities. Think of MT5 as a refined upgrade, designed to meet the evolving needs of modern traders.
Demo Account
GO Markets provides access to a demo account upon request, available on both the MT4 and MT5 platforms. Each demo account comes pre-loaded with $50,000 in virtual funds, allowing new users to explore the platform and test trading strategies without risking real capital.
The demo environment mirrors the live platform, offering real-time price feeds and full functionality—including the ability to experiment with features like Expert Advisors (EAs). This makes it an ideal tool for both beginners learning the basics and experienced traders refining their strategies.
Using the demo account is highly recommended before transitioning to live trading. It helps you gain confidence, understand the platform’s interface, and become familiar with trading tools—ensuring you’re well-prepared when real money is on the line.
Withdrawal and Deposit Options
GO Markets offers a wide range of convenient funding and withdrawal options, including credit and debit cards, bank wire transfers, POLi, and more. The broker does not charge any internal fees for deposits or withdrawals, making it cost-effective for most traders.
However, international clients should note that any transaction fees imposed by their banks will still apply. Additionally, GO Markets strictly prohibits third-party payments to ensure compliance and security.
Withdrawal requests submitted before 1:00 PM (AEST) are processed on the same business day. Requests made after this cutoff will be processed on the following business day.
Account Types
Our trading experts found that GO Markets UK offers two main account types—STP and ECN (GO Pure)—both accessible via the widely used MetaTrader 4 platform.
The GO Pure (ECN) account is designed for more experienced traders, offering tighter spreads and direct market access. However, it does come with a commission of $7.50 per standard lot and requires a higher initial deposit compared to the STP account.
GO Markets UK features variable spreads, which differ based on the account type. For the GO Pure account, the effective transaction cost—including spreads and commission—averages around 1.2 pips on major pairs, which is in line with industry standards.
