Go Markets Review
Go Markets is a seasoned broker that has been providing its services since 2006. It is an online brokerage platform that offers a reliable trading environment along with top-notch features. Its offices are located in various countries including Cyprus and Australia. In this Go Markets review, I would tell you about its features, trading conditions, and other benefits of this brokerage platform.
Go Markets’ platform is user-friendly and provides robust customer support to its clients as well as trading tools. Using this platform, traders can invest in all types of trading instruments such as foreign currencies, Indices, Commodities, and Cryptocurrencies. It is a completely safe, reliable, and legit platform and no scam has ever been reported involving this broker. Let’s go through its plus points one by one.
Leverage And Fees
A good feature while trading foreign currencies is the allowance to use leverage. Leverage increases the profits significantly. Go Markets offers a satisfactory leverage ratio to its clients. You can get 1:30 leverage on forex-related instruments.
Go Markets’ spreads depend upon the account types offered to the clients. At the moment, it is offering two account types, the Standard account, and the Go Plus account. The platform offers a demo account as well which you can avail yourself to practice your strategies.
The pricing at Go Markets is primarily built on spreads. The standard account implicates no commissions and spreads start from 1.1 pips. For Gold, the spread is 2.4 pips while 1.9 is for crude oil.
The registration process at the Go Markets brokerage platform is very simple. The traders are required to enter basic identification information such as name, email address, and contact number. After this, the traders have to select one of the two above-mentioned accounts and a base currency in which the trader wants to deposit and withdraw funds. Note that the clients are required to provide proof of identity and address because the platform is compliant with KYC policy.
After opening a trading account with Go Markets or any other broker, you wouldn’t be able to trade unless you deposit funds. It means that it is a mandatory step which you have to take to earn profits. The minimum deposit you need to make is only 200 dollars. Go Markets has kept it simple and there are numerous ways through which you can top up your account. The available methods are as follows
- Credit/Debit card
- Wire transfer (bank to bank payment)
- Online payments (Skrill and Neteller etc)
No matter how much you earn profit in trading, it is useless if you cannot withdraw it. Some brokers deliberately make this process difficult so that the money stays in their account for a long time. But this is certainly not the case at Go Markets. You can use the same methods to withdraw funds that you used to deposit funds. In addition, the broker charges no extra fees on withdrawals.
Go Markets uses MetaTrader 4 platform to facilitate its customers. With its marvelous extensions, Go markets had made sure that it gets the most out of this standard platform. It is a web trading platform which means there is no need for installation. There are plenty of trading tools available for the traders such as trading signals, Genesis, social trading, and technical indicators.
A mobile version of this platform is also available which runs smoothly on all types of mobile devices. Its productivity and performance are almost equal to the web version.
Education And Research
Newbies indeed face more challenges while trading as compared to experienced traders hence the Go Markets decided to provide educational material as well. Its academy contains advanced material (seminars, courses, tutorials) on various topics which can be utilized by every type of trader.
In addition to the educational material, the platform is equipped with research tools as well. You can use Autochartist and other tools to convert your ideas into strategies.
A close look at the features of Go Markets shows that it is a feature-rich brokerage platform that provides numerous benefits. It is a platform worth visiting and I recommend you to give this broker a chance if you are in search of a reliable broker.