GO Markets review 2026

Quick verdict

Short answer: GO Markets is a strongly regulated Australian broker with simple pricing and a wide set of platforms. It is a solid option for traders who qualify for its ASIC entity. Be careful to confirm which GO Markets company would serve you if you live outside Australia.

What we confirmed: GO Markets Pty Ltd holds ASIC Australian Financial Services Licence (AFSL) 254963. There is no minimum deposit. Spreads are from 0.0 pips on GO Plus+ and 0.8 pips on Standard. The commission is AU$3.00 per side per standard lot on GO Plus+ and $0 on Standard. Retail leverage is 30:1. Platforms are MetaTrader 4, MetaTrader 5, cTrader, TradingView and GO WebTrader. Deposits include Debit/credit card, PayID, Skrill, Neteller, USDT, Bank transfer, BPAY and PayPal.

What we could not confirm: withdrawal times, other licences and the broker's own share of losing retail accounts.

Good points: a clear ASIC licence, no minimum deposit, a clear fee table and many payment methods.

Watch points: retail leverage is limited to 30:1 for the ASIC company, and the rules differ if another GO Markets entity serves you.

Is GO Markets legit and safe?

Is GO Markets legit? In our record, GO Markets Pty Ltd is an Australian company regulated by ASIC, the Australian Securities and Investments Commission, under Australian Financial Services Licence (AFSL) 254963. GO Markets' own FAQ page states it as "Australian Financial Services Licence (AFSL) 254963". ASIC is a respected regulator with strict rules on retail clients, including limits on leverage.

This is a strong sign. But we hold only one licence for GO Markets, and it belongs to the Australian company. If you live in Africa, Asia or Latin America, you may be served by a different company in the GO Markets group, and we have no record of that company or its regulator. Do not assume the ASIC licence protects you. The company named in your client agreement is the one that matters.

In practice: before you apply, ask GO Markets in writing which legal entity will hold your account. Then check that entity in its regulator's register and read the protections it gives.

ASIC licence (GO Markets Pty Ltd)

ASIC is the Australian Securities and Investments Commission, the main financial regulator in Australia. Our record shows AFSL 254963 for GO Markets Pty Ltd, taken from GO Markets' own FAQ page.

ASIC rules for retail clients include a leverage limit, which is why the 30:1 figure appears in our record, and rules on how firms must deal with clients. These rules apply to clients of this Australian company. They may not apply if another entity in the group holds your account.

Here is how to check the licence yourself, step by step. It takes about ten minutes and it is the most useful habit a new trader can build.

1. Open the website of the ASIC, the regulator. Type the address yourself or use the register link in our sources, not a link sent to you in a message.
2. Go to the public register of regulated firms and search for GO Markets Pty Ltd or for the licence number shown above.
3. Open the firm's entry and read the status. It should say the licence is active, not suspended or withdrawn.
4. Read the list of services the firm may offer. Make sure it covers the products you want to trade.
5. Compare the website address and company name on the register with the ones in GO Markets's client agreement. If they do not match, stop and ask GO Markets support in writing.

A licence is not a promise that you will make money, and it does not remove market risk. It only tells you that a regulator knows the firm and can act on complaints. Save a screenshot of the register entry on the day you open your account.

GO Markets fees and spreads explained

GO Markets publishes a clear fee table. The GO Plus+ account has spreads from 0.0 pips and a commission of AU$3.00 per side per standard lot. The Standard account has spreads from 0.8 pips and no commission ($0).

What does this mean in practice? On GO Plus+, you pay the AU$3.00 commission when you open a trade and again when you close it, plus the live spread, which is 0.0 pips only at its best. On Standard, you pay no commission, but the spread starts from 0.8 pips, which is wider. Note that the commission on GO Plus+ is quoted in Australian dollars. If your account currency is different, the amount is converted, so ask what rate is used.

Which one is cheaper? It depends on how often you trade and which pairs. A quick comparison on a demo account will show it.

A spread is the small gap between the price you buy at and the price you sell at. If the buy price is a little higher than the sell price, that gap is the spread, and you pay it every time you open a trade. A pip is the standard small step in a currency price; on most pairs it is the fourth decimal place. Spreads are quoted in pips, so a lower number means a cheaper trade.

Some accounts add a commission, which is a fixed fee per trade, usually charged per lot. A lot is the standard contract size for forex. Accounts with very tight spreads often charge commission, while accounts with wider spreads often charge none. Neither is automatically cheaper. To compare, add the spread and the commission together for the pair and trade size you actually use.

A third cost is the swap, also called the overnight fee. If you keep a position open past the daily rollover time, GO Markets may charge or pay a small amount depending on the pair and the direction of your trade. Swap rates change, so they are listed in the platform rather than fixed on a website page. Spreads also widen during news releases and at the daily market open and close, so the spread you see at a quiet moment is not the spread you will always get.

Before you fund a live account, run this simple test. Open a demo account, pick the pair you plan to trade and write down the spread at three different times of day. Then read the commission line on the account page and add the two together. Do the same for the next broker on your list. The cheapest account for a scalper who trades often may not be the cheapest for a swing trader who holds positions for days, because the swap then matters more. Our figures are the ones GO Markets publishes on its own pages and we link each source, but live prices in your platform are always the final word.

Account types at GO Markets

GO Markets offers two account types in our record: GO Plus+ and Standard. GO Plus+ has raw spreads from 0.0 pips and a commission. Standard has spreads from 0.8 pips and no commission.

For a beginner, Standard is the simpler account because the cost is in the spread alone. For more active trading, GO Plus+ may be cheaper. Ask support whether you can move between account types and whether doing so changes your account number or history.

How should a beginner choose between account types? Start with how you will trade. If you place a few trades a week and hold them for hours or days, a simple account with no commission and a slightly wider spread is easy to understand. If you trade often, a raw or zero style account with a commission may cost less over a month, because the spread is so small. Do not choose an account only because it sounds more professional. Choose the one where you can clearly explain, in one sentence, how you pay.

Also check three things on the account page: the minimum to open, whether swap-free (Islamic) options exist if you need them, and which platforms work with the account. Not every account works on every platform. Ask GO Markets support in writing before you deposit if anything is unclear, and keep the reply.

Minimum deposit: how much do you need to start?

GO Markets states there is no minimum deposit. Its FAQ says there is no minimum deposit requirement to open a live trading account. That is very friendly for small starters. However, trading with a tiny balance leaves almost no room for a stop loss, so even though you can start small, think carefully about how much you can safely risk.

Each payment method may have its own limits. Read the deposits and withdrawals page that we link for the limits that apply in your country.

A minimum deposit is the smallest amount GO Markets lets you put in to open or fund an account. Treat it as a ceiling on how little you can start with, not as a sensible amount to trade with. A very small balance leaves almost no room for a normal stop loss, so a single bad trade can end the account. Many new traders do better by starting small but keeping the risk on each trade tiny, and by treating the first months as a paid lesson.

Remember three practical points. First, a payment method can have its own minimum that is higher or lower than the account minimum. Second, if your deposit currency is different from your account currency, someone will convert it, and the conversion rate can include a margin. Third, only deposit money you can afford to lose, never borrowed money and never money needed for rent, food or school fees.

Deposit and withdrawal methods

GO Markets lists these deposit methods: Debit/credit card, PayID, Skrill, Neteller, USDT, Bank transfer, BPAY and PayPal. For withdrawals, it states: Back to original funding source via Client Portal, and Bank transfer (excess over card deposits).

A few notes. PayID and BPAY are Australian payment systems, so they are mainly for Australian clients. Skrill, Neteller, PayPal, cards, bank transfer and USDT are more widely used. The withdrawal rule means your money generally goes back to the way you paid. If you funded with a card, the amount you can take out by card is limited to your card deposits, and only the excess profit over them can go by bank transfer. Plan for this before you deposit.

Here are the habits that keep payments safe. Use a payment method in your own name, because brokers normally refuse to send money to a third person. Expect to be asked to prove your identity and address before the first withdrawal, so upload clear documents early rather than waiting until you need your money. Withdrawals usually go back to the method you used to deposit. If that method is no longer available to you, ask GO Markets support what the alternative is before you deposit.

Never pay a person who contacts you on social media or messaging apps and says they can deposit for you or manage your account. Only fund your account from inside your own client area, on the website address you typed yourself. Check whether a method charges a fee, and whether your bank or wallet adds its own fee on top. Small fees repeated many times become a real cost.

How long do GO Markets withdrawals take?

We could not confirm a withdrawal time from GO Markets' pages, so we state no number. The deposits and withdrawals page that we link explains the rules, but not a fixed speed in the part we checked.

You request withdrawals through the Client Portal. Make a small test withdrawal after your first deposit and note how long it takes.

Withdrawal speed is one of the things traders care about most, and it is also one of the hardest things for any review to state honestly, because it depends on the method, the country, the bank, the time of day and whether your account is fully verified. The only way to know is to test it with your own money.

Our advice is simple. Complete identity verification before you deposit. Make a small first withdrawal soon after your first deposit, even if it is only a test, and write down the time you asked and the time the money arrived. Use the same method you deposited with. If a withdrawal is slow, open a support ticket, quote the date and the reference number, and keep screenshots. If the broker does not answer, find the complaint route on the regulator's website named in this review. At The Forex Bridge we run our own timed withdrawal tests with real money, and we will add a verified result to this page once we have one. Until then, do not treat any claimed speed as a promise.

Trading platforms

GO Markets offers five platforms: MetaTrader 4, MetaTrader 5, cTrader, TradingView and GO WebTrader. GO WebTrader is a browser-based platform, which is useful when you cannot install software. There is also a mobile trading platforms page, which we link.

Beginners can start with MetaTrader 4 or 5. If you prefer to trade in a browser, try GO WebTrader. Practise on a demo account before using real money.

A trading platform is the program where you see prices, place orders and manage open trades. Most beginners meet MetaTrader first. MT4 is older, simple and stable, with a very large library of add-ons and automated strategies. MT5 is newer, has more built-in tools and more kinds of order, and covers more markets. cTrader is known for a clean look and detailed order handling. TradingView is mainly a charting website that some brokers connect to, so you can place trades from the charts you already use.

Which is best for you? Pick the one you can understand fastest, and practise on a demo account for a few weeks before you use real money. Check that the platform is available on your phone and your computer, because you will want to see your open trades when you are away from your desk. Always log in from the broker's own website or from the official app store listing, and switch on two-step login if GO Markets offers it.

Leverage and risk

GO Markets states leverage of 30:1 for retail clients of GO Markets Pty Ltd under ASIC. This is a relatively low limit set by the regulator to protect retail clients. It means that with your own money you can control a position up to 30 times larger.

Lower leverage reduces the speed of losses, but does not remove the risk. You can still lose all the money in the account. If another GO Markets entity offers you higher leverage, treat it carefully and ask about the protections you give up.

Leverage lets you control a larger position than your own money would allow. With leverage, a small price move can bring a large gain, and it can bring a large loss just as fast. The money you put up to hold a position is called margin. If your losses grow until your margin level falls too low, the broker closes your trades automatically. That is called a stop-out. Stop-out rules differ by broker and account, so read them before you trade.

Some regulators limit the leverage that retail clients can use, and some also require negative balance protection, which means you cannot lose more than the money in your account. Others do not. Ask GO Markets in writing which rules apply to your account, because they depend on the company that holds it.

A few habits protect new traders. Risk only a small slice of your account on each trade, such as one to two percent. Always use a stop loss. Do not add to a losing trade. Do not trade during major news until you understand how prices behave then. High leverage is a tool, not a target.

We could not confirm the share of retail accounts that lose money from GO Markets's own pages, so we do not state a figure. A CFD is a contract that follows a price without you owning the asset, and it is a complex product that can lose money quickly. Most retail traders lose money on CFDs, so treat every trade as risky.

Who is GO Markets best for?

GO Markets is a good match for:

• Traders who want a clearly regulated broker with an Australian licence.
• Beginners who like no minimum deposit and a no-commission Standard account.
• Traders who want MT4, MT5, cTrader, TradingView or a browser platform.

It is less suitable for:

• Traders who want very high leverage.
• Anyone who needs a published withdrawal time.
• Clients who would be served by an entity we have no record of.

If you live in Africa, Asia or Latin America, first check that GO Markets accepts clients from your country.

If you are brand new, the safest path is slow. Spend your first weeks on a demo account and write a trading plan with entry rules, exit rules and a maximum loss per day. Move to a small live account only when your demo results are steady for a while. Expect to lose some trades; the goal is to keep each loss small. Never trade money you cannot afford to lose, and be careful with anyone who promises fixed profits, signals that never lose, or a managed account with guaranteed returns. Those are common scams, and GO Markets is not connected to them.

How to open a GO Markets account

1. Go to https://www.gomarkets.com by typing the address into your browser yourself.
2. Choose the site for your region and read which GO Markets company applies.
3. Click to open a live account and fill in your details honestly.
4. Choose your platform and account type: Standard or GO Plus+.
5. Upload your identity document and proof of address.
6. Deposit with a method in your own name, such as a card, Skrill or Neteller.
7. Make a small trade and test a small withdrawal through the Client Portal.

A few tips while you do this. Use an email address that only you can read and a strong, unique password. Have a clear photo of your passport or national ID and a recent document that shows your address, such as a utility bill or bank statement, ready before you start. Make sure the name on the documents matches the name you type into the form. Mismatches are the most common reason for delays. After your account is approved, log in once, read the account settings, and confirm the account currency and the platform before you deposit.

The fine print

For GO Markets, the commission on GO Plus+ is AU$3.00 per side per standard lot and the Standard account has none. We did not find, in the pages we checked, figures for inactivity fees, currency conversion margins, withdrawal fees or the stop-out level, and we could not confirm negative balance protection. These items may exist or not; we simply cannot confirm them, so check the terms and ask support.

One specific point: the withdrawal rule that sends money back to the original funding source means that the way you deposit decides how you can withdraw. Plan this before you deposit.

The fine print is where many surprises hide, so here is what to read in GO Markets's client agreement and fee page before you deposit. Look for inactivity fees, which are charges on accounts you do not use. Look for withdrawal fees and for the currency conversion rate used when your deposit currency differs from your account currency. Check the stop-out level, the rules on negative balances and what happens to open trades if your account is restricted. If a promotion or bonus is offered to you, read the terms about withdrawing it, because some bonuses lock part of your money.

Also read the risk warning, the complaints procedure and the list of countries the entity can serve. A broker may accept your registration but still serve you through a different company in its group from the one you expected. We cannot confirm every one of these points from the broker's public pages, and where we could not, we say so in this review. Where a point is missing, ask GO Markets support and keep the answer.

Our final verdict

Our verdict: GO Markets is a clearly regulated broker with transparent pricing, no minimum deposit and a good set of platforms. It is a fair choice for traders who qualify for its ASIC entity and who accept a lower leverage limit. The unknowns are the entity that serves non-Australian clients and the withdrawal speed.

Check the register entry for GO Markets Pty Ltd, confirm your own entity in writing and test a withdrawal before you add more money.

Whatever broker you choose, the same rules apply: verify the licence on the regulator's register, test the withdrawal with a small amount, keep the risk on each trade small and keep all of your records. Use this review as a starting point, then check each linked source on GO Markets's own site. Trading leveraged products is risky and most retail traders lose money, so only use money you can afford to lose.