Adam Rosen - Lead financial writer
When trading live markets with GO Markets you will want to make sure any money you deposit with GO Markets is safe. And that any positive balance that you gain from succesful trades on GO Markets you are easily able to withdraw to your selected withdrawal methods. Its important to only fund well regulated trading platforms as you have some recourse if GO Markets goes under. When analysing if GO Markets are a safe trading platform to trade with you need to asses the availability of GO Markets in your country, the reliability of the GO Markets trading platform, what financial instruments you are able to trade on GO Markets. What funding and margin amounts are required to trade on GO Markets, GO Markets commissions and fees charged for place buy and sell orders. What the GO Markets reconciliation process is, what reporting demands GO Markets has to financial regulators and goverment and the level of GO Markets customer support on offer in your region.
GO Markets is a broker that offers trading in Forex, Majors, Indices, Metals. GO Markets is not as safe as some more well regulated brokers. The GO Markets platform is intuitive and user-friendly, and it comes with an excellent GO Markets trading app for mobile devices. Investing opportunities are available through over 100 GO Markets financial instruments. So GO Markets will have something useful for most traders.
GO Markets is known to have a stable trading platform as well as its prompt and expert customer service. The features GO Markets offers, make it possible for traders to recognise opportunities, react to them, and quickly carry out buy and sell orders on live financial markets using GO Markets tools.
GO Markets is well regulated, always be wary of trading platforms like GO Markets that seem too good to be true and if you are new to GO Markets, always try a demo account first.
GO Markets Desktop based trading platforms offer a more secure experience than their GO Markets mobile app counterparts. GO Markets trading applications must follow some fundamental guidelines, when giving traders access to live high risk financial markets. If a trading platform is offered as both a mobile app and a desktop application like GO Markets, the GO Markets desktop software is going to be a more secure option than the GO Markets mobile software if you are serious about trading.
GO Markets is not as safe as some more well regulated brokers in terms of their trading app. The GO Markets application can be downloaded from the mobile app stores for both Apple's iOS and Google's Android operating systems, as well as from third-party websites. Only download GO Markets from an approved verified source.
Do not confuse a basic looking GO Markets trading app on your smartphone with a robust full GO Markets trading platform that offers live expert customer support. Some mobile trading apps will have fewer bells and whistles than then a full fledged GO Markets desktop trading platform on multiple screens. When there is significant volatility in the markets, a genuine trading platform like GO Markets must not only remain stable but also operate without interruption thanks to its robust network and well-programmed live market infrastructure.
Because GO Markets is a proper trading platform, GO Markets can seem overly complicated to new GO Markets traders. GO Markets is an excellent option for individuals who are just beginning their trading careers, to experienced GO Markets traders alike. GO Markets does an excellent job of striking a balance between the various helpful tools and features it includes in its user-friendly GO Markets web platform and GO Markets mobile trading app.
There are many online trading sites that provide real-time quotes and information on trades like GO Markets. For some GO Markets investors, the convenience of dealing with everything in one place improves a traders workflow when using GO Markets. Customers of brokers such as GO Markets are given access to live data streams relating to the stock markets, Forex markets, commodities markets, crypto markets and ETF markets on GO Markets.
The funds belonging to GO Markets customers are stored safely in tier 1 banks, and an SSL encryption system is used to protect any personal information that may be transmitted to and from GO Markets. GO Markets is subject to regulation by Australian Securities and Investments Commission (ASIC), which govern how GO Markets as a company conducts its business. Please note that specific regulators only monitor specific GO Markets company entities. You need to be sure of which financial regulator your GO Markets account falls under, before trading on GO Markets.
When checking the safety of GO Markets. Be wary of websites that provide a limited number of customer support options. Live chat, email, and phone support are all available from GO Markets. If the GO Markets trading platform. If you ever have any issues with funding your GO Markets account, withdrawaling from your GO Markets account or accessing the GO Markets trading platform you will need GO Markets customer support to resolve your issue quickly.
The process of withdrawing money from GO Markets accounts is straightforward. Up to the value of the current GO Markets balance in your GO Markets account, less the amount of margin that has been used, may be withdrawn at any time. Your GO Markets funds will be refunded to the same account that was used for the GO Markets initial deposit, and any GO Markets refunds will be processed using the same orginal GO Markets deposit method.
In the event that GO Markets are unable to fulfil their financial commitments to GO Markets registered users, financial regulators should have a fund will be used to compensate qualifying GO Markets customers. Any compensation from GO Markets financial regulators may only be to a limited amount.
It is possible for the sum of money you have available to you in the GO Markets trading platform to go into the negatives. This may happen if all of your GO Markets available balance is invested in open positions, GO Markets overnight fees are deducted from your GO Markets account, or trading losses are incurred when trading with GO Markets.
GO Markets have integrated real stock trading and ETF into their operational models through the use of CFDs. In recent years, GO Markets has implemented a number of useful improvements that have made the platform better suited to the needs of long-term investors. The majority of GO Markets users trade in highly volatile, high risk financial instruments that have a high percentage of loss. If you are considering trading CFDS with GO Markets, understand that CFD trading is high risk due to the leverage used, and you do not own the underlying CFD asset on GO Markets. A CFD trade on GO Markets is speculation on price movement between you and GO Markets.
GO Markets gives users the opportunity to trade and invest in a wide variety of digital currencies. GO Markets conducts business in a manner that is compliant with the regulations of Australian Securities and Investments Commission (ASIC). The GO Markets platform has a good range of cryptocurrency trading options. When trading crypto assets or related crypto financial products on GO Markets, you must understand that cryptocurrency prices are highly volatile and your capital is at risk when trading crypto on the GO Markets trading platform.
The GO Markets trading platform gives users the opportunity to invest in the foreign exchange market using a selection of different currency pairs, which can be examined in more detail on the GO Markets website. GO Markets offers traders over Forex pairs, including major, minor and exotic currency pairs.
On GO Markets, the trading of stocks can be done in one of two distinct ways. You have the option of buying and selling stocks directly (also known as trading real shares) or by using GO Markets contracts for difference (CFDs). You are able to trade in either direction with GO Markets CFD stocks, and you can also use leverage to magnify the exposure of your GO Markets stock trades. Trading CFD stocks on GO Markets is high risk and you may lose more than your deposited amount if a GO Markets CFD stock trade does not go in your favour.
GO Markets makes it simple and easy to trade in commodities such as gold, silver, platinum, copper, nickel, aluminium, and palladium. The GO Markets platform is governed by Australian Securities and Investments Commission (ASIC).
GO Markets ensures the safety of its customers funds by depositing GO Markets customer deposits in reputable financial institutions and encrypting all of their GO Markets held personal information using SSL technology. Because GO Markets complies with the regulations set forth by Australian Securities and Investments Commission (ASIC) in order to conduct business, there are safeguards in place to protect GO Markets investors.
It is possible for the sum of money you have available to you in the GO Markets platform to go into the negatives. This might happen if all of your available GO Markets funds is invested in open positions, GO Markets overnight fees are deducted, or GO Markets trading losses are incurred. Both of these things could happen. When it comes to trading CFDs with GO Markets, retail investor accounts lose money at a rate of upto 80% on average. Only trade with money that you can afford to lose with GO Markets. Losses can exceed deposits
When depositing to GO Markets you will need to make sure that any funding method you use is a well regulated safe financial services provider. GO Markets offers Credit cards, Bank transfer, PayPal, BPAY, POLi, UnionPay, DebitCard funding and withdrawal methods. Some GO Markets funding and withdrawal methods may not be avalable in your region.
The GO Markets trading platform holds funds which may include fiat currency, cryptos and other assets. This can be considered a type of GO Markets wallet. GO Markets have to offer a secure trading platform as part of their regulation. GO Markets has a number of high-level security features that prevent unauthorised access to the user's positive balance holdings. GO Markets comes equipped with built-in DDoS protection as well as standardisation protocols for addressing issues related to large-scale GO Markets network outages or GO Markets cyberattacks.
You have a responsibility to make certain that the GO Markets trading platform you use has a high level of security so that your personal information is not put at risk. The use of firewalls at both the GO Markets server and GO Markets application levels, as well as separate synced GO Markets servers for storing data, is a feature that is a must for top-tier trading platforms like GO Markets. In addition GO Markets offers two factor authenication.
When deciding upon GO Markets A reliable GO Markets trading platform has a lower risk of experiencing GO Markets network issues, data freezing, or GO Markets order execution problems, all of which have the potential to affect GO Markets trades. It is absolutely necessary to have prompt access to GO Markets customer support provided by a real person at GO Markets. Some GO Markets alternative trading platforms are notorious for providing slow customer after many days of e-mails. You will need to be sure GO Markets is there if you have any issues and GO Markets is always able to give you the tools you need to action your trading strategy.
Trading forex on GO Markets requires you to digest massive swaths of data before you can even think about making a live buy or sell Forex pair order. Using GO Markets technical analysis charting tools you should be able to access all of the necessary information in a single GO Markets location. Numerous online trading platforms like GO Markets give you access to both fundamental and technical information in order to assist you in making more informed Forex trading choices.
GO Markets fees may be somewhat more expensive than some GO Markets alternative trading platforms, which is one of the drawbacks of using the GO Markets platform. You will need to be well aware of any trading fees and commissions which vary depending on the financial instrument you are trading on GO Markets.
The Securities and Exchange Commission issues a warning to GO Markets investors that it takes time to make legitimate GO Markets investment decisions. GO Markets investors who aren't used to dealing with markets that move quickly may find themselves swept up in the excitement of trading live financial markets on GO Markets. They might end up losing a lot of money on GO Markets, before they even realise what has happened to them.
GO Markets investors who trade stocks, Forex, crypto, commodities, CFDs and ETFs online should educate themselves about the companies whose shares they are purchasing using GO Markets and put safeguards in place to protect the money they have deposited to the GO Markets trading platform. One way to exercise control over the items and quantities that you purchase through GO Markets is to set a limit order on your GO Markets trading account. You are able to set a specific price in GO Markets at which an asset will be purchased by using the GO Markets order limits trading feature.
You have no emotional of personal connection to GO Markets when trading. GO Markets traders have to make their own decisions based on their own research and knowledge. GO Markets is not able to give you financial advice. It is your responiblity to educate yourself to market trends and risk management strategies when using GO Markets to trade. GO Markets as a broker will not be able to assist GO Markets traders in navigating the complex terrain of the financial markets.
When it comes to making choices regarding the purchase and sale of financial instruments on GO Markets, GO Markets traders are frequently left to their own devices. This degree of independence can bring about a feeling of self-dependence in some people using the GO Markets trading platform.
Should your internet connection be unreliable or unsteady when trading with GO Markets, you run the risk of missing out on a deal that could have been significant or lucrative for you.
GO Markets investors ought to always have a contingency plan in place when trading live financial market using GO Markets, just in case they lose access to the internet. GO Markets customers are able to place their orders with GO Markets mobile apps. Some GO Markets alternatives even offer their clients the option of dealing with live brokers to place their orders.
When placing live trades on GO Markets, every trade that is actioned wether its a buy or sell order on GO Markets, must be done after careful research and consideration using GO Markets research tools and market trend data. For some people, buying and selling financial instruments on global markets with GO Markets is very similar to gambling. The GO Markets trader will first speculate on what the outcome of something will be, and then place a financial wager on whether or not the speculation will be accurate. Trading live global markets with GO Markets must never be done in a gambling fashion. Trading with GO Markets holds a high amount of risk and must be taken seriously. Risk management strategies are a must when placing live trades on GO Markets.
GO Markets Financial Regulation: Australian Securities and Investments Commission (ASIC)
🤴 GO Markets is Used By: 10,000
💵 What You Can Trade with GO Markets: Forex, Majors, Indices, Metals,
💵 Instruments Available with GO Markets: 100
📈 GO Markets Inactivity Fees: No
💰 GO Markets Withdrawal Fees: Varies
💰 GO Markets Payment Methods: Credit cards, Bank transfer, PayPal, BPAY, POLi, UnionPay, DebitCard,
💰 GO Markets Account Base Currencies: USD, GBP, EUR, SGD, AUD, NZD
GO Markets Risk warning : Losses can exceed deposits
IC Markets Financial Regulation: Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
🤴 IC Markets is Used By: 180,000
💵 What You Can Trade with IC Markets: Forex, Majors, Energies, Metals, Agriculturals,
💵 Instruments Available with IC Markets: 232
📈 IC Markets Inactivity Fees: No
💰 IC Markets Withdrawal Fees: No
💰 IC Markets Payment Methods: Credit Cards, VISA, MasterCard, Debit Cards, Visa, MasterCard, Bank Transfer, PayPal, Neteller, Neteller VIP, Skrill, Poli, Cheque, BPAY, UnionPay, FasaPay, QIWI, RapidPay, Klarna, Electronic wallets (eWallets), Broker to Brokers, Thai Internet Banking, Vietnamese Internet Banking,
💰 IC Markets Account Base Currencies: USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, HKD, NZD
IC Markets Risk warning : Losses can exceed deposits
Roboforex Financial Regulation: Financial Services Commission (FSC) License 000138/437
🤴 Roboforex is Used By: 10,000
💵 What You Can Trade with Roboforex: Forex, Minors, Majors, Exotics, Indices, Metals,
💵 Instruments Available with Roboforex: 100
📈 Roboforex Inactivity Fees: No
💰 Roboforex Withdrawal Fees: Yes
💰 Roboforex Payment Methods: Credit cards, VISA, MasterCard, JCB, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Perfect Money, AdvCash, BPAY, China UnionPay, FasaPay, CashU, WeChat Pay, ecoPayZ, AstroPay, Sofort, Giropay, Poli, Wepay, iDEAL, Payoneer,
💰 Roboforex Account Base Currencies: USD, EUR, XAU
Roboforex Risk warning : Losses can exceed deposits
AvaTrade Financial Regulation: Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI)
🤴 AvaTrade is Used By: 200,000
💵 What You Can Trade with AvaTrade: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, Agriculturals, ETFs, IPO, Bonds,
💵 Instruments Available with AvaTrade: 1000
📈 AvaTrade Inactivity Fees: No
💰 AvaTrade Withdrawal Fees: No
💰 AvaTrade Payment Methods: Credit cards, VISA, MasterCard, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, WebMoney, Payoneer,
💰 AvaTrade Account Base Currencies: USD, GBP, EUR, JPY, AUD
AvaTrade Risk warning : 71% of retail CFD accounts lose money
FP Markets Financial Regulation: Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Financial Services Authority (St. Vincent and the Grenadines)
🤴 FP Markets is Used By: 10,000
💵 What You Can Trade with FP Markets: Forex, Minors, Majors, Exotics, Indices, Metals,
💵 Instruments Available with FP Markets: 100
📈 FP Markets Inactivity Fees: No
💰 FP Markets Withdrawal Fees: No
💰 FP Markets Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, BPAY, POLi, PayPal, Neteller, Skrill, PayTrust, NganLuong VN, Fasapay, Broker to Broker, OnlinePay China, Directa24, Klarna, PayTrust88, Payoneer,
💰 FP Markets Account Base Currencies: USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, HKD, NZD
FP Markets Risk warning : Losses can exceed deposits
NordFX Financial Regulation: Cyprus Securities and Exchange Commission (CySEC), License No: 209/13
🤴 NordFX is Used By: 10,000
💵 What You Can Trade with NordFX: Forex, Majors, Metals,
💵 Instruments Available with NordFX: 50
📈 NordFX Inactivity Fees: No
💰 NordFX Withdrawal Fees: No
💰 NordFX Payment Methods: Bank Transfer, Neteller, PerfectMoney, WebMoney, FasaPay, CashU, Payza, QIWI,
💰 NordFX Account Base Currencies: USD, EUR
NordFX Risk warning : Losses can exceed deposits
XTB Financial Regulation: Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comision Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa
🤴 XTB is Used By: 250,000
💵 What You Can Trade with XTB: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Pennystocks, Energies, Metals, Agriculturals, ETFs,
💵 Instruments Available with XTB: 4000
📈 XTB Inactivity Fees: Yes
💰 XTB Withdrawal Fees: No
💰 XTB Payment Methods: Credit cards, MasterCard, Maestro, Visa, Debit cards, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, Skrill, Poli, Paysafe, Payoneer,
💰 XTB Account Base Currencies: USD, GBP, EUR
XTB Risk warning : 76% - 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Pepperstone Financial Regulation: Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217
🤴 Pepperstone is Used By: 89,000
💵 What You Can Trade with Pepperstone: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, Energies, Metals,
💵 Instruments Available with Pepperstone: 100
📈 Pepperstone Inactivity Fees: Yes
💰 Pepperstone Withdrawal Fees: No
💰 Pepperstone Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, BPAY, POLi, UnionPay, FasaPay, QIWI, Payoneer,
💰 Pepperstone Account Base Currencies: USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, NZD, HKD
Pepperstone Risk warning : CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money
XM Financial Regulation: Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
🤴 XM is Used By: 10,000,000
💵 What You Can Trade with XM: Forex, Stock CFDs, Commodity CFDs, Minors, Majors, Exotics, Equity Indices CFD, Energies CFD, Precious Metals
💵 Instruments Available with XM: 1000
📈 XM Inactivity Fees: Yes
💰 XM Withdrawal Fees: No
💰 XM Payment Methods: Credit cards, Debit cards, Bank Transfer, Electronic wallets (eWallets), Moneta, ABAQOOS, PRZELEWY24, Neteller, PerfectMoney, WebMoney, UnionPay, FasaPay, CashU, Payza, QIWI, SOFORT, Giropay, Payoneer, Skrill,
💰 XM Account Base Currencies:
XM Risk warning : CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.74% of retail investor
accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford
to take the high risk of losing your money.
eToro Financial Regulation: Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC)
🤴 eToro is Used By: 20,000,000
💵 What You Can Trade with eToro: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, Agriculturals, ETFs,
💵 Instruments Available with eToro: 2000
📈 eToro Inactivity Fees: Yes
💰 eToro Withdrawal Fees: Yes
💰 eToro Payment Methods: Credit cards, VISA, MasterCard, Maestro, Debit Cards, Bank Transfer, PayPal, Neteller, Skrill, WebMoney, Giropay, eWallets,
💰 eToro Account Base Currencies: USD
eToro Risk warning : 51% of retail investor accounts lose money when trading CFDs with this provider.
FXPrimus Financial Regulation: Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Vanuatu Financial Services Commission (VFSC)
🤴 FXPrimus is Used By: 10,000
💵 What You Can Trade with FXPrimus: Forex, Minors, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals,
💵 Instruments Available with FXPrimus: 130
📈 FXPrimus Inactivity Fees: No
💰 FXPrimus Withdrawal Fees: Varies
💰 FXPrimus Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Payoneer, SafeCharge, TrustPay, EmerchantPay, Bitcoin, UnionPay, FasaPay, Giropay,
💰 FXPrimus Account Base Currencies: USD, GBP, EUR, SGD, PLN
FXPrimus Risk warning : Losses can exceed deposits
easyMarkets Financial Regulation: Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI)
🤴 easyMarkets is Used By: 142,500
💵 What You Can Trade with easyMarkets: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, Energies, Metals, Agriculturals, Options,
💵 Instruments Available with easyMarkets: 200
📈 easyMarkets Inactivity Fees: No
💰 easyMarkets Withdrawal Fees: No
💰 easyMarkets Payment Methods: Credit cards, MasterCard, Maestro, American Express, JCB, Astropay, Debit cards, Bank Transfer, SOFORT, GiroPay, iDeal, Bpay, Electronic wallets (eWallets), Skrill, Neteller, WebMoney, UnionPay, WeChatPay, FasaPay, STICPAY,
💰 easyMarkets Account Base Currencies: USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, CNY, CZK, HKD, ILS, MXN, NOK, NZD, PLN, SEK, TRY, ZAR
easyMarkets Risk warning : Your capital is at risk
If Go Markets isn’t quite what you are looking for you can check out some of the best Go Markets alternatives below.
If you would like to see Go Markets compared against some of the best Go Markets safe alternatives available right now you can do so by clicking on the links below.