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No valid regulatory information, please be aware of the risk!
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GO MARKETS Limited
GO MARKETS
China
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
- The number of the complaints received by WikiFX have reached 4 for this broker in the past 3 months. Please be aware of the risk!
WikiFX Verification
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:500 |
| Minimum Deposit | $200 |
| Minimum Spread | From 0.0 |
| Products | 250+ Currency pairs, Indices, Commodities, Share CFDs |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | $6 commission per round trade |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:500 |
| Minimum Deposit | $200 |
| Minimum Spread | From 1 |
| Products | 250+ Currency pairs, Indices, Commodities, Share CFDs |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | $0 Commission |
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
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GO MARKETS · Company Summary
| GO MARKETS Review Summary | |
| Registered Country/Region | China |
| Regulation | No Regulation |
| Market Instruments | Forex, Metals & Commodities, Indices |
| Demo Account | Available |
| Leverage | Up to 1:500 |
| Spread | From 0 pips |
| Trading Platforms | MetaTrader 4 |
| Minimum Deposit | $200 |
| Customer Support | Email: info@mcgomarkets.com |
What is GO MARKETS？
GO MARKETS is a broker registered in China that offers a range of financial instruments for online trading. The platform offers a demo account for users to practice trading strategies and gain familiarity with the platform's features. With leverage up to 1:500 and competitive spreads starting from 0 pips, GO MARKETS aims to provide a competitive trading environment. However, GO MARKETS operates without valid regulation.
Pros & Cons
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Pros:
Diverse Financial Instruments: GO MARKETS offers a wide range of financial instruments for trading, including forex, metals & commodities, and indices. This allows traders to diversify their portfolios and take advantage of various market opportunities.
Demo Account Availability: The platform provides a demo account for users to practice trading strategies and get familiar with the platform's features. This is particularly beneficial for new traders who want to gain experience without risking real money.
Competitive Trading Environment: With leverage up to 1:500 and competitive spreads starting from 0 pips, GO MARKETS aims to provide a competitive trading environment.
User-Friendly Platform: GO MARKETS uses the MetaTrader 4 trading platform, which is known for its user-friendly interface and advanced trading tools.
Cons:
Lack of Regulation: One of the main drawbacks of GO MARKETS is that it operates without valid regulation. This means that the platform is not subject to regulatory oversight, which indicates risks to the safety and security of funds.
Limited Customer Support Options: Customer support is only available via email, which is not as convenient or responsive as live chat or phone support.
Is GO MARKETS Safe or Scam？
GO MARKETS' safety is difficult to definitively say as a yes or no. While GO MARKETS may offer attractive trading conditions, the absence of regulation and risks associated with unregulated brokers warrant careful consideration.
Market Instruments
GO MARKETS, as one of the fastest-growing retail financial service providers, offers high-quality trading services with a diverse range of over-the-counter CFD financial products.
Forex: GO MARKETS provides trading opportunities in various currency pairs, including AUDUSD, EURUSD, USDJPY, and more. Forex trading allows traders to speculate on the exchange rate between two currencies.
Commodities: The platform offers trading in both hard and soft commodities. Hard commodities include natural resources like oil, gold, and rubber, which are often mined or extracted. Soft commodities consist of agricultural products such as coffee, wheat, or corn.
Indices: GO MARKETS offers trading in indices, which represent a portfolio of stocks or securities from a particular market or sector. Some of the indices available include NAS100, UK100, US30, and more.
Account Types
GO MARKETS offers two main account types to suit different trading needs: the Standard Account and the ECN Account. Both of them require a minimum deposit of $200.
| Aspects | Standard Account | ECN Account |
| Products | 250+ Currency pairs, Indices, Commodities, Share CFDs | |
| Leverage | Up to 1:500 | |
| Min Spread | From 1.0 pip | From 0.0 pip |
| Commission | $0 Commission | $6 commission per round trade |
| Min. Deposit | $200 | |
The Standard Account is their most popular option. This account is designed to meet the needs of a wide range of traders and provides a stable trading environment.
The ECN Account is ideal for traders who prefer instant market execution and access to institutional-grade liquidity.
Leverage
GO MARKETS offers leverage of up to 1:500 for both its Standard Account and ECN Account. Leverage allows traders to control larger positions in the market with a relatively small amount of capital. However, while leverage can amplify profits, it also increases the potential for losses.
Spreads & Commissions
GO MARKETS offers competitive spreads and commissions for both its Standard Account and ECN Account:
Standard Account:
Spreads: Spreads start from 1 pip, providing traders with competitive pricing on their trades.
Commission: There is no commission charged on trades in the Standard Account.
ECN Account:
Spreads: Spreads in the ECN Account can go as low as 0.0 pips, offering traders tight pricing and lower trading costs compared to the Standard Account.
Commission: A commission of $6 per round trade is charged in the ECN Account
Trading Platforms
The trading platform of GO MARKETS is based on MetaTrader 4 (MT4), one of the most popular trading platforms widely used in the world of retail trading. MT4 is highly customizable, allowing users to customize charting methods to suit their trading needs. Whether on PC or mobile, traders can access a range of features and tools to analyze markets, place trades, and manage their positions effectively.
Deposits & Withdrawals
GO MARKETS accepts a variety of payment methods for deposits and withdrawals, including MasterCard, Visa, Neteller, Skrill, and Bank Transfer. These payment options provide traders with flexibility and convenience when funding their accounts or withdrawing funds.
Customer Service
GO MARKETS provides customer service via email at info@gomarkets.com. Their customer support team is available to assist traders with any inquiries or issues they may have regarding their accounts, trading platform, or other services.
Conclusion
In conclusion, GO MARKETS provides a user-friendly platform and a demo account, making it attractive for new traders. However, the absence of regulation is a significant risk to be aware of. We advise you to research carefully and explore other options before making a decision.
Frequently Asked Questions (FAQs)
Q: Is GO MARKETS regulated？
A: No, GO MARKETS operates without valid regulation.
Q: What trading platforms does GO MARKETS offer？
A: GO MARKETS provides access to MetaTrader 4 (MT4).
Q: What payment methods does GO MARKETS accept？
A: GO MARKETS accepts deposits and withdrawals via MasterCard, Visa, Neteller, Skrill, and Bank Transfer.
Q: What is the minimum deposit required to open an account with GO MARKETS？
A: GO MARKETS requires a minimum deposit of $200 to open a trading account.
Q: Is there a demo account available on GO MARKETS？
A: Yes, GO MARKETS supports demo accounts.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
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