GoMarkets Review

GoMarkets is a global Forex broker founded in 2006. Its headquarters are in Australia. It’s a regulated broker with low spreads and fast executions. Every year since 2019, GoMarkets has won an award for best customer service, educational resource, best global forex broker, etc. With a focus on customer satisfaction and advanced trading features, GoMarkets stands out in the competitive online trading market.

GoMarkets Pros and Cons

Is GoMarkets Secure?

GoMarkets is regulated by FSC, ASIC, CySEC, and SFA. This makes it a safe place to trade.

Markets and Products

At GoMarkets, you can trade over 1,000 assets.

Trading Instrument	Leverage
Forex	Up to 500:1
Shares	Up to 20:1
Cryptocurrency	Up to 20:1
Index	Up to 500:1
Metal	Up to 500:1
Commodity	Up to 500:1
Treasury	Up to 100:1
ETF	Up to 20:1

GoMarkets Fees and Charges

GoMarket doesn’t charge any deposit or withdrawal fees. While the Standard account doesn’t have a commission, the GO Plus+ account has a $2.50 commission per side on the FX standard lot.

GoMarkets Account Types & Account Opening

There are two account types to choose from at GoMarkets Plus+ Account and Standard account. The Spreads are from 0.0 pips for the Plus+ Account, while for the Standard account, they’re from 0.8 pips. The minimum trade size for both accounts is 0.01 lots. There’s also a demo account.

How to Open an Account

To open an account at GoMarkets, click the “Open Account” button on the website. Fill in the given form, and make a deposit, and that’s it. Creating an account shouldn’t take you longer than 10 minutes.

Trading Platforms

At GoMarkets, you can trade using the MT4, MT5, and cTrader trading platforms. All three are popular and well-known among traders.

Mobile Trading Platform

GoMarkets has a mobile app compatible with both Android and iOS devices. You can access the same tools and features and speed as you would on a desktop.

Web Trading Platform

If you want to trade using your browser, GoMarkets has something for you. With GO WebTrader, you can easily trade without downloading the platforms. It’s great when you’re on the move, or manual trading.

GoMarkets Research Tools

GoMarket offers two premium trading tools:

• VPS – Gives you speed and access to global FX liquidity
• MetaTrader genesis –  Enhances the power of the standard MT platforms

Regarding the research tools, you make use of the ones integrated into the trading platforms.

GoMarkets Educational Content

At GoMarkets, there’s plenty of educational resources. If you’re a beginner, there are courses like “First Steps in Forex”, video tutorials, and Introduction to Forex. If you’re a bit more experienced, worry not. GoMarket has content for you to build your strategies.

Customer Service Overview

When it comes to customer support, there are a few ways you can reach out to GoMarkets:

• Phone: +230 5869 0074
• Email: support.mu@gomarkets.com ; newaccounts.mu@gomarkets.com
• Fill in an Enquire
• Their social media accounts

You’ll find a lot of useful information on their FAQ. Maybe check it out if there’s an answer to your question there before writing to customer support.

GoMarkets Deposit and Withdrawals

GoMarkes accepts the following payment methods:

• Mastercard
• Visa
• Skrill
• Neteller
• Bank transfer

First-time deposits and withdrawals take up to 3 business days. Even though GoMarkets doesn’t charge any fees, note that the bank can charge fees that GoMarkets is not responsible for. The minimum deposit amount is $200.

Withdrawals and Payout Times

It’s quick and simple to withdraw your funds at GoMarkets.

• Log into the Client Portal
• Click on “Withdrawal”
• Select the method and enter the amount you wish to withdraw
• Click the “Confirm” button

Withdrawals are processed within two business days. Deposited funds can only be returned to an account with the same name as your GoMarkets account. This is for security purposes.

GoMarkets Online User Reviews and Ratings

GoMarkets has a rating of 4.8 stars on Trustpilot. Out of the 553 reviews, 87% are 5-stars and only 2% 1-star.  Users praise the customer service that responds within minutes. They find the educational content helpful, and the withdrawals and deposits fast. Some users complain about low leverages, and issues with logging in on Android devices.

Author Opinion on GoMarkets

GoMarkets stands out as a reliable Forex broker. It offers a combination of strong regulation, low spreads, and fast execution. Even though it offers excellent customer service and educational resources, they could benefit from more research tools. Oh, and no inactivity fees!

Overall, It’s a solid broker with multiple platforms and competitive fees. It’s a good choice for someone who’s looking for a trusted broker who is a good fit for both beginners and experienced traders.

Frequently Asked Questions