- Spread Fee – AUD/USD
- Speed of Execution?
- MetaTrader Supported?
- Compatible Devices
- Offers Fixed Spreads?
- Ease Of Use
- Headquarters in Australia?
- Minimum Deposit?
- Regulated Within
- Payment Methods
- Promotional Bonus?
GO Markets is Perfect for Traders With Intermediate Experience and a Medium Risk Appetite
Compare Forex Brokers found GO Markets to be the best forex provider in Australia for traders with intermediate experience and a medium appetite for risk. From GO Markets you can expect:
- The MetaTrader 4 Trading
- Mid Range Leverage up to 300:1
- The Lowest Spread Fees From 1.5 Pips
- Excellent Mobile Compatibility
- A 10% Discount For First Deposits
GO Markets Leverage and Bonus
One of the key reasons why Compare Forex Brokers recommends GO Markets is because they offer a leverage level of 300:1 which is middle of the road as far as leverage is concerned. Traders need to be careful when trading with leverage as it can severely increase exposure to losses. However, traders can take advantage of a 10% trading credit on first deposit with GO Markets which means traders don’t need to put up as much capital at first.
GO Markets Offers The Lowest Spreads in This Vertical
The spread fees charged by GO Markets from 1.5 pips is the lowest in this niche and on par with FXCM and OANDA. One hidden cost often associated with Forex trading online is upon funds withdrawal. Thankfully, GO Markets does not charge any sort of fee on withdrawals potentially saving traders thousands of dollars.
The reason GO Markets can offer such tight spreads is due to their price feed being aggregated from leading financial institutions and banks to ensure limited slippage. Similarly, the MetaTrader 4 mobile platform utilises a 5 decimal place system to provide fractional spreads. GO Markets is one of the top choices for traders who are interested in the lowest possible fees and medium risk as the company is well known for having some of the the lowest forex trading online fees in Australia.
GO Markets Trading Platforms
By using price improvement technology, this Australian online forex trading online broker gives its forex traders a clear advantage in the market. By sourcing the best possible prices from the liquidity pool, GO Markets ensures its clients get the best possible execution prices on each and every trade. It also has the ability to review comprehensive trade data each second. By doing this, the company guarantees fast and intelligent routing of forex trades. The technology used by GO Markets provides optimal prices even in the highly volatile and fast paced foreign exchange market.
Mobile and Operating System Compatibility
One of the main features offered by GO Markets is the offering of mobile trading in order for clients to maximise their time trading. The MT4 account is available to both android and iPhone users. Traders are able to view open positions, executions and pricing (including placing sell and buy orders, trade profit and loss etc) in real time. This mobile platform also ensures that clients are able to access all the news and the latest developments in financial or currency market regardless of whether they find themselves on the road or away from their main trading screens. As Go Markets’ mobile trading application is designed to work on multiple operating systems including iOS and Android, clients are able to manage their Forex trading Australian online or on the ‘Go’ on their mobiles.
We compared Go Markets’ mobile usability with other Forex trading online Australia platforms and found that their mobile trading platform is easy to use, has a simple to use, user interface and simulates the desktop trading experience exceptionally well.
Some Added Features of Go Markets
A variety a tools that are designed to boost each client’s trading are provided by Go Markets MetaTrader 4 trading platform and they include:
- Expert Advisors
- Customisable Indicators
- Trade on the Go
- Price Signals and Alerts
- Bonus offer on the first deposit
Deposits and Withdrawals
GO Markets offers various payment methods for deposit and withdrawals, from credit cards like MasterCard, Visa and American Express to BPay and PayPal.
AFSL Regulation & Its Importance
All brokers assessed by Compare Forex Brokers are authorised to operate in Australia anand operate within the Australian Financial Services Licence Number 254963. A Our Go Markets review found that they were a credible broker for Australian forex trading.
Background: Our Intermediate, Medium Risk Analysis
Please note that our Australian forex trading online comparison table above may from time to time include mistakes. This is due predominantly to human error or the websites updating themselves. Although our research is extensive and we double check all information posted on our site, we highly recommend you validate any information found here with data sourced directly from the Australian forex trading brokers’ websites on any of our compare forex broker comparison tables.
Forex Trading Online Comparison Analysis
An analysis of the top FX providers for intermediate, medium risk appetite traders.
Reviewed by Noam Korbl