GO Markets Trading Account – Review, Types, Process, Benefits, Charges & more

Check out all details about Go Markets Trading Account here.

GO Markets is one of the top online brokers and Forex brokers based in Australia. It offers various trading accounts with great features.

If you want to know all about GO Markets, its various trading accounts, features, opening process, and benefits, then you have landed on the right page.

Having a Trading account is the primary step to enter into the vast Forex market for trading. It will take you to the stock market and lets you exercise its various revenue-boosting tools.

Beginners can start with a demo account to learn the basics and then switch to the professional trading accounts of their choice.

Read on to check the types of trading accounts GO Markets offer.

GO Markets Trading Account and Benefits

GO Markets is an advanced Forex Broker that offers its users various trading accounts with exclusive features.

Each GO Markets Online Trading account has different tools and diverse offerings to suit the varying preferences of the traders.

You can check each account and its functionalities closely and can measure the most suitable one for you.

The trading accounts differ from each other based on structures such as commission, spread charges, initial deposit amount, leverage, minimum opening balance, tradable assets, and more.

GO Markets trading accounts primarily use Hybrid Trading Desk Type and are suitable for daily trading, weekly trading, swing trading, and scalping.

It offers a Demo account to help beginners learn trading skills.

The Demo account also assists the experts in understanding the various features and tools GO Markets trading accounts offer.

After a thorough tour of the Demo Account, the traders can switch to a standard account or another account of their preference to trade.

Fill up the Form – Open Forex Trading Account Now!

Find Trading Account Services of other Forex Brokers

GO Markets Trading Account Charges

GO Markets online account charges $200 as an initial deposit amount to open a trading account.

However, there is no commission applicable on the personal account. The commission may vary depending upon the different types of accounts.

The Go+ account charges a flat commission of $3 per standard lot.

The trading account comes with maximum leverage of 30:1 that means it gives your money 30 times more buying power.

In a personal account, GO Markets offers tight spreads as low as 0.0 pips with Go+.

The standard account has spread starting from 0.1 pip.

GO Markets does not charge any additional fees such as inactivity or withdrawal fees.

It is a low fees trading account that comes with great offerings for both new traders and professionals.

Types of GO Markets Trading Account

GO Markets offers various types of trading accounts to its users with different features. The type of account it offers are

Personal Account (GO plus Account)

It is an account for individual use that comes with a tight spread from 0.0 pip and leverage up to 30:1.

There is no commission applicable for operating this trading account, and you will get 24/5 multilingual support.

Company or Corporate Account

This account is suitable for the traders who trade as a business, company, or corporate entity.

Demo Account

It is an account meant for the new traders to learn the trading traits and understand the trading account’s various trading tools and features.

The broker offers Virtual money to the user to trade freely without the threat of any monetary loss.

Trustor SMSF Account

SMSF account stands for Self Managed Superannuation Fund.

The traders, who have a Self Managed Superannuation Fund, can open a Trust/SMSF GO Markets trading account with CFDs markets with a part of your fund.

GO Markets Account Opening and Trading Process

Let’s discuss the complete process of opening the GO Markets trading account, and it is the Setup and trading process.

Open Go Markets Trading Account

When you browse the GO Markets Website, the broker provides three types of account options: Trust/SMSF Account, Personal Account, Company, or Corporate Account.

You can choose the account as per your suitability.

The steps to open the trading account with GO Markets are- 

• After choosing your ideal account, click on the green button indicating “Open an Account”.
• A page will open, showing five simple steps to follow to open your account. The pop form that appears as Account registration is the first step. Please fill the form and submit it to move on to the second step.
• After submitting the form, the second step is “Tell us more about yourself,” wherein you need to share more details and information about yourself.
• The third step is “Trading preferences”. Select your trading preferences to help the broker personalize your account.
• Now, the fourth step is “Identity check”. The broker may ask you to show important documents such as your identity proof, photographs, or bank statements. You may also have to submit its scanned copies.
• Once the broker verifies your account, you will get an email with a confirmation letter and login credentials.
• Now you can deposit funds in the account and start trading.

Set up Process 

Download the app from any of the devices and log in using the login account using the necessary credentials.

You have to deposit the minimum opening balance of the account to access its various tools, features and start trading.

Look around in the market, decide your investment strategies and choose trading tools to start placing your trading orders.

Find Different Trading Account Types of Forex Brokers

GO Markets Trading Account – Features

VPN Services offers the trader more security as VPN hides the online IP address and provides you greater freedom to trade freely.

Social Trading / Copy Trading

Copy trading is a part of social trading.

It is an advanced feature of GO markets trading accounts where the traders can be a part of the online social trading community and copy the veteran trader’s style and method of trading.

Trading Signals

It is a significant feature of a trading account that allows traders to create trading signals using a set of standards.

Automated Trading 

GO Markets trading accounts provide an Automated Trading facility that allows the traders to get the orders generated by following trading strategy based on a predefined set of rules.

Offers Hedging

Hedging is another innovative trading tool that helps traders use financial instruments tactically to balance the risk of undesirable price variation.

API Trading

Application Programming Interface is the latest tool that the traders use to connect the screening software directly to the brokerage account to show the real-time prices.

There are many more features such as Hedging, Educational Services, Email Alerts, Trailing SP/TP, Trading from the chart, Interest on Margin, Online Click Trading, Offers promotions, Expert Advisors, etc.

Check out Online Trading Services of FOREX Brokers

GO Markets Trading Account – Conclusion

In this article, we have discussed each aspect of various trading accounts

GO markets offers to help you decide and choose the one to enter into the trading market and begin to trade.

The trading accounts of GO Markets are suitable for both individuals and corporate entities as it offers specific accounts for trading.

It is also suitable for traders who are new to the trading field.

It offers a demo account, educational materials, and advanced tools to trade by learning and employing best trading practices.

GO Markets Online Trading – FAQs

Here is the list of FAQs related to the GO Markets Online trading –

What is the maximum leverage GO Markets trading accounts offer?

The trading account comes with maximum leverage of 30:1 that means it gives your money 30 times more buying power.

Leverage is a loan that brokers provide to their customers for trading in the Forex market.

What are the Commission Charges in the GO Markets Trading account?

The commission charges are not applicable on many of the GO Markets trading accounts.

To access the personal (GO Plus) account, the commission charge of $ 3 is applicable. These charges vary from account to account.

Do GO Markets provide Online Trading services?

Yes, GO Markets is a specialized Online trading services provider since its formation in 2006.

It provides online trading services in financial assets such as Precious Metals, Commodities, Margin FX, indices, and share CFDs.

Do GO Markets provide Demo account Trading?

Yes, GO Markets provides a Demo Account for its users.

This account meant for the new traders to learn the trading traits and understand the trading account’s various trading tools and features.

The broker offers virtual money to the user to trade freely without the threat of any monetary loss.

Is trading Free at GO Markets?

No, trading is not free at GO markets trading account, except for Demo Account.

Demo account, you can use for free, but to access other accounts, there is an initial deposit required of $200 for each account.

Other charges such as spread charges, commission charges, and trading tool charges are applicable depending upon the account and trading size.

Do GO Markets provide Spot Metals Trading?

Yes, GO Markets provides Spot Metals Trading.

With MT4 and MT 5 platforms, GO Markets trading accounts give you access to a range of precious metal pairs to trade as CFD.

You can trade in gold and silver via Gold CFDs and Silver CFDs in pre-set lot sizes.

What is spread at the GO Markets trading account?

GO Markets offers a tight spread as low as 0.0 pips in the personal account (GO Plus), and in the standard account or premium account, the spread charges are from 0.1 percentages in points (pip).

For different trading accounts of GO Markets, spread charges vary. It also varies for retail traders and professional traders.

Are GO Markets safe for trading?

Yes, GO Markets is safe for trading.

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.

It offers advanced trading tools such as trading central, Autochartist, Myfxbook, Web Trader, MT4, and MT5 Genesis package and a-Quant to help the trader boost their revenues securely.

Do the GO Markets provide live trading accounts? If yes, how to open a live trading account?

Yes, GO Markets provide a live trading account for its users.

To open a live trading account, you can simply click on the link “live trading account” and follow the steps given.

After verification, your account will be activated within 24 hours. You need to deposit $200 to access the account.

What is the main difference between GO Markets Standard Account and GO Plus+ trading accounts?

In the GO Plus+ trading account, you can enjoy a tighter spread as low as 0.0 percentages in points.

However, in the standard account, the spread is from 0.1 pips. In GO plus+ trading account there is a commission of $3 is applicable, whereas, in the standard account, there is no commission fee applicable.

Do the GO Markets accept US clients to access the trading accounts?

No, GO Markets does not accept US clients. As per the CFTC regulation, US clients cannot trade with non-US brokers.

Fill up the Form – Open Forex Trading Account Now!

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