GoMarkets Broker Honest Review

GoMarkets was propelled in 2006 in Australia with an aim to provide access to online CFD trading and an aspiration to become the most preferred and trustworthy Australian broker.

It is fair to assume that the broker has managed to reach its bold intentions considering the number of representative offices across the whole planet (London, Taiwan, Hong Kong to name a few).

Sure, such a serious establishment is controlled by one of the most authoritative regulators: the Australian Securities and Investment Commission. The company also entertains a license from Australian Financial Services License (AFSL).

GoMarkets

Trading with GoMarkets

Today, the broker supports both spread-based and commission-based trading. Their arsenal is filled with more than 250 tradable products: Forex, Shares, Indices, and Commodities. On top of offering MT4 trading, GoMarkets also offers MT5, web-based and mobile trading to accommodate different needs of different clients.

For those who prefer to follow beaten paths, there is Myfxbooks AutoTrade tool supported, too. It is essentially a copy-trade feature available for standard accounts, which gives you the opportunity to repeat the success of more experienced traders.

Apart from social trading, GoMarkets offers a selection of other interesting tools:

  • Autochartist is a powerful charting instrument used by many traders to monitor the markets for trends and patterns, predict price behavior and perform volatility & event impact analysis.
  • MT4 Genesis presents an addon for your MetaTrader4 live account. Its smart functionality (Terminal Window, Sentiment Indicator, Correlation Trader, Session Map, and many more) enables you to trade better.
  • Trading Central is pattern recognition software loaded with indispensible features: insightful analytics on selected instruments, actionable multi-asset research, a new trade opportunities identifier, and more.
  • GoMarkets Virtual Private Servers give you fast and steady access to the financial markets. The service is paid and delivered in the form of a monthly subscription.

As for account types, there are only two of them (not to mention demo): Standard and GO Plus+. The main difference between them is that the latter comes with tighter spreads and incurs commissions for every trade you execute.

Deposits and withdrawals are processed via plastic cards, FasaPay, Neteller, bank transfers, POLI, Bpay, and Skrill. The Initial deposit is $200 for a Standard account and $500 for a GO Plus+ account.

GoMarkets-site

Verdict

GoMarkets is a fully compliant and properly regulated broker from Australia with offices around the globe and a solid range of tradable instruments. Their website is user-friendly and stuffed with all essential information which a curious visitor would like to get acquainted with before opening an account. It seems that the broker has nothing to hide from a prospective client.

 

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froleprotrem

17/01/2020 Reply

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GoMarkets Broker Honest Review

GoMarkets-logo
Min. deposit

200$

Regulators

AFSL (ASIC)

Leverage

1:1-1:100

EURUSD spread

from 0,0

Platforms

MetaTrader4

Year of foundation

2006

Country

Australia