GO Markets Review Australia 2026

Is GO Markets safe? ASIC AFSL 254963

Yes, GO Markets Pty Ltd holds ASIC AFSL 254963, current since 10 March 2004, and the entity has stayed continuously licensed for more than two decades.

It is one of the longest unbroken Australian CFD licences in our coverage. I treat that licence continuity as the main safety signal.

GO Markets ASIC licence

GO Markets Pty Ltd, ABN 85 081 864 039, holds its licence with the Australian Securities and Investments Commission. I would value that unbroken licence run over a wider global licence set.

Beyond the ASIC licence, the GO Markets group lists three overseas licences, and none of them is the licensee for an Australian client’s account:

• CySEC (Cyprus, EU), Tier 1
• FSC Mauritius, Tier 3 offshore
• FSCA (South Africa), Tier 2

GO Markets history and ownership

The licensee was first Pacific Continental Securities (Australia) Ltd, then Pacific Continental Securities (Australia) Pty Ltd, and has used the GO Markets Pty Ltd name since 12 May 2008. GO Markets says it launched in Australia in 2006, and its support email of September 2026 gives a Melbourne address.

Before depositing, confirm GO Markets holds AFSL 254963 using the site's guide to checking a broker on ASIC's register.

Is GO Markets legal in Australia?

Yes, GO Markets is legal in Australia, serving local residents through GO Markets Pty Ltd, licensed by ASIC under AFSL 254963.

GO Markets client money protection and AFCA membership

GO Markets runs its client money protection through segregated accounts at an Approved Australian Bank, with mandatory negative balance protection and AFCA membership carrying disputes at no cost to you.

AFCA hears claims up to A$1,263,000 and awards compensation up to A$631,500. For you, the practical cap to remember is the AFCA compensation limit of A$631,500. Separately, the Compensation Scheme of Last Resort pays at most A$150,000, and only for personal advice, securities dealing and credit, never forex or CFD trading. Client money accounts are separate from company funds. The retail standard is set out in the guide to negative balance protection on retail accounts.

The wholesale tier at GO Markets carries an unusual account carve-out. GO Professional clients sit outside the retail protections, and what replaces the mandatory guarantee is a discretionary once-off negative balance protection capped at A$100,000. I’d call that protection a goodwill policy, since no regulation grants it. For you, the distinction matters because a discretionary cap can be declined, where the mandatory retail protection cannot.

GO Markets’ AFCA member is Go Markets Pty Ltd, and AFCA’s Datacube, read by our team on 27 September 2026, records 9 complaints received in 2025-26 and 8 in 2024-25, with both figures set out in the table that follows.

• AFCA business size: Very small
• Not adjusted for client numbers
• AFCA listing threshold: Financial firms that received four or more complaints during the selected period appear in the AFCA Datacube.
• Middle of the field: 23 AFCA firms listed for 01/07/2025 - 30/06/2026 among the brokers this site covers, each firm counted once
• Source: AFCA Datacube, complaints by firm, read 27 September 2026

GO Markets Trustpilot rating

GO Markets holds a Trustpilot rating of 4.2 out of 5 from 761 reviews, which Trustpilot labels great, captured November 2026. The profile has been claimed by the broker since September 2019.

Public rating panels carry the third-party scores for this broker, built on fewer reviews than CMC Markets, IG Markets or Pepperstone attract. Those public ratings also cover the group as a whole rather than the ASIC entity specifically.

How popular is GO Markets in Australia?

Of the 33 brokers we review, GO Markets holds 16th place for search interest in September 2026, on 1,670 branded searches from Australia. Search interest measures attention, not quality; the score above is the review verdict.

16of 33Search interest rank

1,670

Brand searches, September 2026

0.0%

vs August 2026

210

Login searches

1.1%

Share of all broker searches

Source: Google search volume, Australia, September 2026. How this is measured

What other review sites say about GO Markets

TradingView users rate GO Markets 3.9 out of 5 from 324 ratings (November 2026). 1.5K TradingView users have connected a GO Markets account.

TradingView

3.9

324 ratings1.5K Traders via TradingViewNovember 2026View on TradingView

What traders say about GO Markets

Public ratings of GO Markets from the rating sites that list it, showing the number of reviews or ratings behind each score and the month it was captured.

Rating site	Rating	Based on	Who rated	Captured
Trustpilot	4.2 out of 5	761 reviews	Worldwide	November 2026
TradingView	3.9 out of 5	324 ratings	Worldwide	November 2026

Each row above is a public rating of GO Markets taken from a rating site, dated to the month its figure was captured. A Trustpilot figure counts reviews and a TradingView figure counts ratings from anywhere in the world. The app store ratings for GO Markets sit in the apps section of this review, with the store screenshots. A site with no row has no rating for GO Markets, withholds it, cannot be matched to GO Markets with confidence, or we have not captured it yet.

GO Markets key facts

GO Markets Pty Ltd holds ASIC AFSL 254963, current since 10 March 2004, and the 17 key facts in the table below cover the entity, three further regulators and the fee schedule.

You can start with no minimum deposit and five platform routes.

I’d read those rows as one licence with two dates attached. AFSL 254963 commenced on 10 March 2004, and the licensee took the GO Markets Pty Ltd name on 12 May 2008, while 2006 is the launch year GO Markets gives for itself. For you, the licence date is the one to weigh, because it is the date ASIC’s own register records.

GO Markets GO Plus+ pricing, measured

GO Markets spreads measured 0.08 pips on EUR/USD and 0.35 pips across the eight-pair basket on the GO Plus+ account in our October 2026 capture.

The capture ran across the full trading month of October 2026, from 2pm AEST on Thursday 1 October to 2pm AEST on Saturday 31 October 2026, 22 trading days, with Noam Korbl logging prices through CFB-SpreadLogger from our London VPS servers. For you, that means the cost estimate rests on a live measurement rather than a broker’s advertised number.

That 0.35 pip basket average in our October 2026 capture put GO Markets fifth of the 12 raw accounts we tested in the lowest spread brokers in Australia rankings, and in the lowest commission forex brokers comparison ACY Securities, Axi, Fusion Markets and Vantage all charge less than the A$3.00 per-side rate. I’d cite the basket figure rather than any single pair. For you, the practical point is that the rank reflects what the site measured, not a broker’s quote.

The rollover hour, 8am to 9am Sydney time, averaged 4.16 pips on EUR/USD in our October 2026 capture of GO Markets’ GO Plus+ account; across the whole month the pair averaged 0.08 pips. Outside the rollover hour and the hour after it, we measured 0.01 pips in 17 of the 22 hours. To see how those hours stack up against other accounts, compare GO Markets’ spreads by hour.

Standard account, spread-only pricing

GO Markets’ Standard account measured 0.9 pips on EUR/USD and 1.04 pips across the eight-pair basket in our May to June 2026 capture, with no commission on top. You pay one number and nothing else, which I rate as a genuine plus for a casual trader, though an active trader will usually find the total cost adds up faster than a raw account’s spread plus commission.

What GO Markets costs per trade

MEASURED

Standard lots per month

15102550

Monthly spread cost converts pips to dollars using the EUR/USD pip value as the proxy for the 8-pair average, footnoted on-page. AUD pip value A$14.57 per standard lot at AUD/USD 0.6865 (11 Nov 2026).

Rawraw + commission · 8-pair average · October 2026

A$110.99

Standardspread only · 8-pair average · May to June 2026

A$151.53

Raw saves A$40.54 a month at this volume, comparing Raw prices from October 2026 with Standard prices from May to June 2026 (the October 2026 capture holds no GO Markets Standard account)

At 10 standard lots per month on Raw accounts, GO Markets costs approximately A$110.99 in spread and commission costs. Rates as of Wed 11 Nov 2026, 5pm New York close.

What it costs to trade with GO Markets

GO Markets charges A$6.00 in round-turn commission on GO Plus+ to trade one standard lot of EUR/USD, and the all-in cost to trade with GO Markets lands at 0.50 pips in our October 2026 capture.

The 0.50 pip all-in figure is priced at the A$14.24 pip value per standard lot the terminal recorded during our October 2026 capture, and I’d compare that all-in figure across brokers rather than the commission alone.

That commission converts to roughly US$4.21 per round turn, or about 0.42 pips of commission equivalent on EUR/USD at the capture’s rate of A$1.4236 per US dollar, and when added to the 0.08 pip EUR/USD spread we measured across October 2026 it puts the all-in cost at 0.50 pips, with IC Markets Raw and Pepperstone Razor both charging more commission per lot.

I’d point to the commission as where this broker competes on price, and it is the line to watch. ACY Securities, Fusion Markets and Axi undercut it at A$3.00, A$4.50 and A$4.50 round turn, and Vantage sits just below at A$5.00, while every other raw account in this coverage charges A$7.00 or more.

GO Markets non-trading fees

• Overnight swap rates apply on positions held past 5 PM New York time, direction-dependent.
• Currency conversion applies to any instrument denominated outside the account base currency.
• GO Markets charges no withdrawal fee on any method, bank transfer included, though a payment provider or bank may charge its own fee.
• No inactivity fee applies at any balance or duration.

How GO Markets compares to Pepperstone and Fusion Markets

GO Markets measured 0.35 pips across the eight-pair basket over 22 trading days in October 2026 on A$6.00 round-turn commission, which sits behind Fusion Markets on both spread and commission and below Pepperstone’s A$7.00 commission.

The eight-pair basket in our October 2026 capture put Fusion Markets at 0.10 pips on A$4.50, while Pepperstone ran 0.37 pips on A$7.00 in the same capture.

Pepperstone’s figures come from our October 2026 capture, the same window as GO Markets’ and Fusion Markets’, so the spread comparison with Pepperstone is like for like. On commission, GO Markets’ A$6.00 sits between Fusion Markets’ A$4.50 and Pepperstone’s A$7.00, and all three open an account with no minimum deposit, each offering MT4, MT5, cTrader and TradingView, with GO TradeX as GO Markets’ own mobile app.

GO Markets account types and minimum deposit

GO Markets account types are two for retail clients, the Standard and the GO Plus+, and both carry an A$0 minimum deposit. For you, that means no deposit is required to open either retail account.

GO Professional

GO Professional is a separate tier rather than the standard raw account, and eligible clients must apply for it because the higher leverage comes only after an eligibility review. Approval lifts leverage through a Dynamic Margin schedule reaching 500:1 on forex, stepping down in the pre-weekend window, and comes with the discretionary A$100,000 negative balance protection covered above.

GO Markets minimum deposit

GO Markets’ AU FAQ, read 5 August 2026, says there is no minimum deposit requirement to open a live trading account, and that traders often start with around A$200, which is a suggestion rather than a gate. The deposit screen of our live account on 2 September 2026 said a minimum deposit amount applies and may vary depending on the selected account currency and payment method. I would check the minimum for your chosen method before you fund, since the screen leaves that open. GO Markets’ Australian site also offered a free demo sign-up when we read it on 15 September 2026.

GO Markets funding methods and withdrawal times

GO Markets does not charge to deposit or withdraw through its funding methods.

Your payment provider may still apply a fee, which means the amount credited to your trading account could be lower. There is no cap at all on how much you can deposit into your trading account.

GO Markets deposit methods

The timed rows come from GO Markets’ deposits page, read 15 September 2026. Google Pay, Apple Pay and Osko appeared on our live account’s deposit screen, and GO Markets’ live chat confirmed them on 15 September 2026, while PayID appears only in our tester’s notes and no GO Markets source names it. Google Pay funded our live account with A$200 on 2 September 2026.

GO Markets withdrawal times and fees

GO Markets does not charge you to withdraw, and your money returns by the same route it arrived. When you deposit by card, the withdrawal goes back to that card, which is standard anti-money-laundering practice.

On 27 October 2026, Noam Korbl withdrew A$100 from our live GO Plus+ MT5 account, ending 0651, which showed 199.83 AUD after the small test trades our team placed on it. In the portal, Withdraw sits under Funds in the left menu and as a tab beside Deposit on the Fund Management page. The flow runs through three stages: “Withdrawal details”, “Choose a withdrawal method” and “Confirm details”. At the method stage, the full 100.00 AUD appeared as a “Refund Part” to Noam’s saved Google Pay card under the label “Original Route Refund”, with a “Refundable Limit: 200.00 AUD” on that card. A panel on the same page tells you: “Withdrawals are usually processed within 1 to 3 business days.”

Pressing Confirm Withdrawal opened a “Security Verification” panel, which sent a code to the account’s email address, valid for 10 minutes. I note there was no purpose question, and no fee came up at any stage, with the requested amount, the refund part and the total all reading 100.00 AUD. The final screen read “Withdrawal Request Submitted” with a submitted stamp of 2026-10-27 13:24:17, a Transaction ID, and an “Estimated Arrival” field left blank. Our records show the request went in at 1:24pm on 27 October 2026, and the full A$100 reached our receiving account at 1:22am on 29 October 2026, 35 hours 58 minutes later.

I’m reassured by the “Original Route Refund” handling here: your card deposit comes back to the card you paid with, and the emailed code adds a second check before the money moves. The blank “Estimated Arrival” field tells you nothing in advance, so my advice is to ignore it and watch your card statement instead.

Before our test, I count three different withdrawal timelines the broker itself gave. GO Markets’ own deposits page lists a withdrawal time of 1 business day for almost every method. On the same day, its support desk quoted 3 to 5 working days for cards, 1 to 2 for bank transfer, and 1 to 3 for other methods, while an email from the broker said to allow 1 to 3 business days. Our 35 hours 58 minutes Google Pay card refund landed on the second business day, inside the quoted 1 to 3 days and the support desk’s 3 to 5 working days for cards. I’d plan around 1 to 3 business days and check card timing with GO Markets if speed matters.

GO Markets account opening time and checks

According to Noam’s records, he opened a live individual account on 25 August 2026. You choose Individual, Company/Trust/SMSF, or Joint accounts, then sign up with Google or an email address. The email path asks for basic details, a six-digit verification code, and a password.

The application form splits into Personal details, Trading preferences, Suitability assessment, and Identity verification; the portal initially estimated four minutes thirty seconds. You can verify your identity with a driver’s licence, Medicare card, or passport.

The suitability assessment collects your financial and employment information, trading experience across asset classes, and relevant qualifications or training. Legal terms and acknowledgements follow.

The Identity verification screen showed two messages at once. A green progress ring on the left displayed “Progress 100%” and “Estimated time remaining: About 1 minute”, with all four stages completed. On the right, a tick icon and “Submitted for Manual Review” appeared, with “Your materials have entered manual review process, please wait patiently”. GO Markets’ note states, “All new users must complete KYC electronic authentication before initiating a transaction.”

Noam started his registration at 12:26 pm AEST, submitted the application at about 12:33 pm, and received verification approval at 3:04 pm the same day. Total time from start to approved live account was 2 hours 38 minutes, with 2 hours 31 minutes in manual review.

While completing the form, Noam observed browser autofill placing information into wrong fields, so entries needed checking and correcting by hand. I find that kind of misplacement properly annoying because it turns a time-saver into extra work.

In my view, the application is quick and the progress tracker makes the stages clear. The estimated-time display is the weak point: “about 1 minute” beside a manual-review notice gives two conflicting messages, and the review took more than two hours.

GO Markets trading platforms

GO Markets offers five platforms, MT4, MT5, cTrader, TradingView and the GO TradeX mobile app. In our 25 August 2026 application, MT5 and MT4 were offered directly in the account form, and the form stated that TradingView, cTrader and GO TradeX accounts require a separate link.

MetaTrader 4 and MetaTrader 5

MT4 runs on desktop, web and mobile with full expert advisor support, and the GO WebTrader branding is the MetaTrader web platform rather than a separate product. MT5 covers the same forex products plus indices, share CFDs and commodities natively, and I’d suggest it as the better choice if you’re starting fresh.

cTrader and TradingView

The cTrader platform is available to Australian clients alongside the MetaTrader builds, and carries the copy layer covered below. I’d consider cTrader a genuine alternative to the MetaTrader terminals. TradingView access lets you trade a GO Markets account directly from TradingView charts on web, iOS and Android.

GO TradeX and copy trading

GO TradeX is the proprietary app on iOS and Android, and it is mobile-only with no desktop build, which is the one gap in an otherwise complete platform list and the part I cannot get past. Copy trading runs through cTrader Copy Trading plus the Signals service built into both MetaTrader builds, with Signal Centre premium feeds as a paid add-on. The copy account carries no proprietary social feed of the eToro kind, so you pick a strategy provider inside cTrader rather than following a broker-run network.

GO Markets apps

GO Markets publishes two apps of its own: GO Markets’ own app and GO Markets cTrader. Clients can also trade MT4, MT5, cTrader and TradingView from a phone.

Account setup matters first: GO TradeX accounts require a separate link in the account application, while MT4 and MT5 accounts are offered directly in the form. MT4, MT5 and TradingView run on a phone through those platforms’ own apps, published by their developers, using your broker account details. To compare brokers side by side, see the best trading apps in Australia.

• App Store: Australian storefront, exact figures from Apple's iTunes Search API
• Google Play: worldwide counts, not comparable with the App Store counts
• Third-party MetaTrader, TradingView and cTrader Ltd apps not listed

GO Markets leverage and margin under ASIC rules

At GO Markets, retail leverage tops out at 30:1 on major forex pairs, with lower caps on minors, indices, commodities and cryptocurrency.

• Forex majors: 200:1 before weekend close
• Forex minors: 200:1 before weekend close
• Gold: 100:1 before weekend close
• Major indices: 200:1 before weekend close
• Minor indices: 200:1 before weekend close
• Other commodities: oil; silver 100:1; others 50:1
• Given up with professional status: negative balance protection, the retail leverage limits, the 50% margin close-out
• Source: ASIC product intervention order (retail); GO Markets and its Australian support, read 30 September 2026 (professional)

At GO Markets, retail CFD leverage stops at 30:1 on major forex pairs, 20:1 on minor pairs, gold and major indices, 10:1 on commodities other than gold, 5:1 on share CFDs and 2:1 on crypto assets. The caps come from a product intervention order extended to 23 May 2027, so they apply at every ASIC broker, not just at GO Markets.

Those ceilings carry identically on both retail accounts, so the account split changes the commission model, not the leverage. The GO Professional tier is the only route above the retail ceiling, reaching 500:1 on forex under a Dynamic Margin schedule that steps down in the pre-weekend window.

GO Markets uses a 50% retail margin close-out. ASIC requires every CFD issuer to close your positions once account equity falls below half the total initial margin on all open positions. Positions cannot be netted against each other to reduce that figure, and a gapping market can close a position below the 50% level. The leverage mechanics are set out in what leverage means for your margin.

GO Markets markets and instrument counts

Covering six asset classes, the instrument range is led by 50 plus forex pairs. The broker publishes no instrument count for the other five.

We’re stating the absent instrument counts rather than estimating them. GO Markets publishes an instrument count for forex only, so the table reports the coverage the Australian product list names rather than a number we cannot check.

GO Markets share CFDs

ASX, NYSE, NASDAQ and LSE names make up the share CFD selection, and the range trails the multi-asset specialists. Every equity position is a CFD, so if you want direct ASX share investing, I’d point you to CMC Markets or Interactive Brokers instead. The share CFD class is compared in the share CFD market guide.

GO Markets gold and index CFDs

Across commodities, the range covers gold, silver and the energy contracts next to the ASX 200 and the global index majors, under the ASIC 20:1 retail cap on gold and major indices. GO Markets publishes no tested gold spread, so we quote none here.

GO Markets customer support

GO Markets support answered our team’s funding questions by email on 14 and 15 September 2026 and by live chat on 15 September 2026.

On 14 September, support replied by email that Google Pay was not supported as a deposit method for Australian accounts. On 15 September, after we sent a screenshot of our account’s Google Pay deposit and asked why it appeared in the client portal, support apologised for the confusion and confirmed Google Pay is accepted for deposits and withdrawals, that GO Markets charges no deposit or withdrawal fees though a payment provider may, and to allow 1 to 3 business days for a withdrawal to be received.

One reversed answer in two days is worth remembering. I’d treat any single support reply about a payment method as provisional, so check it against your own client portal and get it in writing before you rely on it.

GO Markets research, tools and education

GO Markets publishes daily market analysis, webinars, a beginner library, Signal Centre feeds, an economic calendar and regular podcast content. We have not assessed the research or education live, so this section states only what the broker publishes.

Should you open a GO Markets account?

GO Markets suits active traders who want raw-cohort pricing at 0.08 pips measured on EUR/USD in our October 2026 capture across five platform routes. In my opinion, traders who would sit on the Standard account, or who weight brand depth and research, are served better elsewhere than by a GO Markets account.

Cost-first traders get A$6.00 round-turn commission, below Pepperstone’s A$7.00 and IC Markets’ A$9.00. History-first traders get AFSL 254963, in force since 10 March 2004 and under the GO Markets name since 12 May 2008. I’d say you belong to the cost-first group if you trade often enough for commission to matter, and to the history-first group if a long licence record is what you weigh.

The two groups that should look past it, in my opinion, are casual traders on the Standard account paying 0.9 pips on EUR/USD in our May to June 2026 capture where the field prices tighter. Cost-first traders on the GO Plus+ account still pay A$6.00 round turn where Fusion Markets charges less.

GO Markets ranks thirteenth among the top Australian forex brokers on the 2026 scoring.