GO Markets Commission or Brokerage Charges – Review, Plans, FAQs & more

Check out all details about Go Markets Commission or Brokerage here.

Go Markets is one of the prominent Australia-based online Forex brokers. It has come up with various trading accounts offering exclusive automated trading tools and features.

If you are looking to open a trading account with Go Markets, and want to know about the Go Markets commission plan and other types of charges associated, then read the article.

Here, we will discuss each important aspect of the Go Markets Brokerage charges that the trader must consider while opening a trading account.

You can compare the various charges of each account and ascertain your expenses involved.

Go Markets Commission or Brokerage Charges

Go Markets brokerage fees vary in both the Go Markets account which is the Standard account and Goes Plus Account.

It is a forex broker that involves minimum commission charges as compared to other brokers.

However, the commission charges and the other charges vary depending upon the products you are trading in and the size of your investment.

GO Plus is a powerful trading account with ultra-low spread, meant for EA traders dealing in high volume.

It involves commission charges of $3 per lot and a tighter spread with a dedicated Account manager.

The Standard Account is designed keeping in mind the new traders. It does not involve any commission charges and requires an initial deposit of $200 only to start trading.

There are only spread charges involved and that too are minimal from 0.1 pips.

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Types of Go Markets Commission Plans

Go Markets Brokerage provides different Commission plans for each of its trading accounts it offers to the traders.

In this section, we will put light on Go Markets commission charges along with other significant changes such as spread, leverage, commission, and minimum opening balance required to access the trading account.

The Personal Account also referred to as the GO Plus Account is the trading account meant for professional traders.

It involves commission charges of $ 3 per lot to access the account. In this account, the trader can enjoy a tight spread as low as 0.0 pips and leverage offers from 30:1.

The trader has to pay the initial deposit of $200 to start trading with this account.

In the Standard Account, there are no commission charges applicable. It offers a spread from 0.1 pips.

The initial deposit amount is the same as the Personal account that is $200. It also offers the same leverage of 30:1.

The commission plan of the trading accounts keeps varying depending upon the products you are trading in and the volume of the investment.

For the seasoned traders who trade regularly in bulk, the broker provides them with maximum leverage of 300:1.

Go Markets Account Opening Process

Go Markets provides access to its trading platform on various devices including Android, iOS devices, and windows, and web browsers.

The traders can directly use the trading account online without downloading any software or app by opening the Live Trading Account.

Browse the Go Markets Website, the broker provides three types of account options – Trust/SMSF Account, Personal Account, Company, or Corporate Account.

• Choose your preferred account by clicking on the green button indicating “Open an Account”.
• Now there are five easy steps to follow to open your account. The first step is Account registration, fill the form and submit it to go on the second step.
• After submitting the form, the second step is “Tell us more about yourself,”, in this form, you have to provide more details and information about yourself.
• The third step is “Trading preferences”. Select your trading preferences to personalize your account.
• The fourth step is “Identity check”. In this step, you have to submit scanned copies of your important documents such as your identity proof, photographs, or bank statements. It is an essential step to ensure the safety of your account and funds.
• The account will be activated within 2 to 3 working days after the broker approves your application and documents. Upon your account activation, the broker will send an email with a confirmation letter and login credentials.
• Log in to the account using the login credentials and fund your account with the minimum deposit and charges required to start trading.

Go Markets Payment or Withdrawal Methods

There are different types of brokerage fees involved while using the trading accounts.

The traders have to pay these charges at particular time intervals to access different trading tools and use their advanced features.

And this is why funding and withdrawing funds from the trading account is an important factor to consider.

The trader must have ample options of depositing funds and withdrawing funds as per their convenience within no time.

Go Markets trading platform offers a wide range of deposit options to traders to deposit funds expediently any time and from any place.

The deposit options Go Markets fee plan offers to its traders are- Bpay, Credit Card, FasaPay, Neteller, Payguru, Poli, Skrill, Wire Transfer.

The same set of options can be used for the withdrawal fund process as well, i.e. Bpay, Credit Card, FasaPay, Neteller, Payguru, Poli, Skrill, Wire Transfer.

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Go Markets Investment Assets

While trading, the traders have a specific interest in investing in particular investment instruments.

The traders must have complete information about all investment assets the broker provides to the traders.

Go Markets is an online brokerage firm that provides an assortment of investment assets for trading.

Go Markets offers Currencies Trading, where you can trade in over 50 currency pairs including major, minor and exotic currency pairs.

The traders can also trade in over 350 trading products including Commodities Trading, Indices Trading, and cryptocurrency trading. It offers 5 tradable assets.

Go Markets provides various Supported Crypto coins such as bitcoin, bitcoin cash, ethereum, litecoin, and ripple.

The total number of cryptocurrencies provided By Go Markets is 5. The number of indices it offers is twelve.

The number of commodities it offers is 6 and the Futures is 2.

Go Markets Commission – Conclusion

Now you can scrutinize each aspect of the trading accounts of Go Markets before opting for one, with all the information we have shared here about the Go Markets commission plans, investment assets, Modes of withdrawal and deposit funds, brokerage charges, account opening process, and more.

Compare the charges of each trading account closely along with other aspects to decide which trading account is most suitable for your needs.

A well-planned investment strategy will lead you to fetch the best trading practices and earn maximum revenues.

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Go Markets Charges or Fees – FAQs

Here is the list of FAQs related to the Go Markets Brokerage Charges or Fees:

Do Go Markets charge commission?

Yes, Go Markets charges a commission for its professional trading account meant for experts. The traders have to pay $3 per lot in the Go Markets GO Plus trading account.

In the Standard trading account, the Go Markets commission is Zero initially. Though the commission charges are waived off, the broker may include it depending upon the size of the trade and frequency of the trade.

How much does Go Markets charge as brokerage?

Brokerage fees differ for each of the account holders depending upon the volume of the transactions.

It offers a tight spread in each of its accounts but the spread charges keep varying with the products you are trading in.

The initial deposit amount and leverage are also linked with each other.

The higher the initial deposit amount, the maximum the leverage will be.

Go Markets also do not involve any deposit fees.

The traders can fund their live Go Markets trading account with no transaction fees.

What is the Minimum Deposit required in Go Markets?

The Go Markets brokerage includes the Minimum Deposit amount of $200 for each of its trading accounts that is the Standard account and GO Plus Account.

Go Markets is known for offering trading services to traders at the lowest brokerage fees.

However, the minimum deposit amount decides the leverage offered.

The traders who pay more than the minimum deposit required can get the leverage of up to 300:1.

How much leverage does Go Markets provide?

Go Markets provides maximum leverage up to 300:1 to the professional traders depending upon the size of the trade and investment of the trader.

It offers the leverage of 30:1 to its retail traders.

How much is Spread at Go Markets?

Go Markets offers a tight spread in each of its accounts. it makes its capital on the small “spread” between the bid and asks prices.

With tighter spread charges, the trader has to pay a little over the market price.

Go Markets offers a tight spread as low as 0.0 pips in its professional account that is GO Plus Account.

In the Standard account, the spread charges are from 0.1 pips. The spread charges vary in each trading account depending upon the product you are trading in and the size of the trade.

What type of Commission Plans available in Go Markets?

Go Markets is a trading platform that involves minimum commission charges.

For the Standard account which is mainly designed for the new traders, Go Markets does not charge any commission to provide the trader’s emancipation to trade freely.

For the Professional GO Plus Account, the Go Markets commission plan involves a charge of $ 3 per lot.

Do Go Markets provide Cryptocurrency for Investment?

Yes, Go Markets provides five types of cryptocurrency for investment. The supported crypto coins to trade in are bitcoin, bitcoin cash, ethereum, litecoin, ripple.

Is Go Markets a legit Forex Broker?

Yes, Go Markets is a legit forex broker. It is an Australia-based trading company regulated and authorized by the Australian Securities and investment commission (ASIC) and holds a license from Australian Financial Services.

Since it is regulated under the top forex regulatory authorities, it adheres to the rules and regulations of these authorities and hence cannot manipulate the prices of the tradable assets.

It is the award-winning forex broker that has spread its wings in Australia, Cyprus, UAE, and Mauritius.

Can I invest in Go Markets for $5?

No, the minimum deposit amount is $200. Below $200, you cannot access any of its trading accounts.

Are there any hidden charges available with Go Markets?

No, there are not any hidden charges available with Go Markets.

The traders will get the list of all the charges to be paid while opening the trading account.

Go Markets is a legit broker regulated under prominent authorities and hence follows a transparent charges policy with their clients.

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