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Compare Forex Brokers Australia

GO Markets Review Australia 2026

5th tightest raw account tested

GO Markets is a Melbourne-founded, ASIC-regulated CFD broker holding one of Australia's longest continuous AFSLs, since 2004. The GO Plus+ account combines raw pricing with AUD 6 round-turn commission, the fourth cheapest in our comparison, across MT4, MT5, cTrader and TradingView. It suits active traders who weight operating history; the only proprietary platform is the mobile-only GO TradeX app.

ASIC AFSL 254963 held by GO Markets Pty Ltd Est. 2006 · AFSL since 2004
Min deposit
A$0
Platform types
4
Max leverage
30:1retail
AFCA member
Yes
Fact Checked
Live account pricing captured (AUD/USD, 5 July 2026) Methodology
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Our verdict on GO Markets

GO Markets was founded in Australia and has traded under AFSL 254963 since 10 March 2004, a run only a handful of brokers in this 32-broker Australian shortlist can match. That history matters. Most of this category is five to ten years old, or the local arm of an overseas operator, so an unbroken 20-year licence counts for something.

The GO Plus+ account pairs raw pricing with A$6.00 round-turn commission and is competitive on cost. EUR/USD measured 0.10 pips over the May to June 2026 captures with commission added separately, which puts total cost in the same band as Fusion Markets and IC Markets without matching the very tightest pricing in the Australian set. On brand awareness GO Markets sits a tier below CMC Markets, IG Markets and Pepperstone, and the Australian credentials are genuine.

Pros

  • ASIC AFSL 254963 current since 10 March 2004, one of the longest unbroken Australian licences in this coverage
  • GO Plus+ measured 0.10 pips on EUR/USD and 0.24 pips across eight pairs, May to June 2026, on A$6.00 round-turn commission
  • Five platform routes: MT4, MT5, cTrader, TradingView and the GO TradeX mobile app on a single account
  • 24/5 multilingual support across four languages including Mandarin, Arabic and Vietnamese
  • A$0 inactivity fee at any balance or duration

Cons

  • Standard account measured 0.9 pips on EUR/USD, against 0.10 pips on GO Plus+
  • Share CFD range narrower than the multi-asset specialists, with no published instrument count
  • Customer support runs 24/5 rather than 24/7, closing across the weekend
  • The only proprietary platform, GO TradeX, is mobile-only with no desktop build

GO Markets score breakdown

78/100

4/5 · Great

The overall CFB Score comes from the full methodology, more than 100 data points per broker. The category ratings summarise each area and do not reconcile by simple average.

How is our rating calculated?
Trading Costs
9/10
Trading Experience
8/10
Trading Platform
8/10
Trust
6/10
Range of Markets
8/10
Customer Service
6/10

GO Markets at a glance: 17 key facts

GO Markets Pty Ltd holds ASIC AFSL 254963, current since 10 March 2004, with no minimum deposit and five platform routes. The 17 key facts in the table below cover the entity, three further regulators and the fee schedule.

GO Markets at a glance: 17 key facts.
ItemDetail
Australian regulatorASIC, AFSL 254963, current since 10 March 2004
Australian entityGO Markets Pty Ltd (ABN 85 081 864 039)
Other regulatorsCySEC (Cyprus), FSC Mauritius (Tier 3 offshore), FSCA (South Africa)
Year foundedEntity registered 2000; trading as GO Markets since 2006, Melbourne
HeadquartersLevel 22, 600 Bourke Street, Melbourne VIC
Trading platformsMT4, MT5, cTrader, TradingView, GO TradeX (mobile app)
Account typesStandard, GO Plus+ (RAW + commission)
Minimum depositNone. GO Markets suggests around A$200 as a working starting balance
Maximum retail leverage30:1 (forex majors), ASIC-capped
EUR/USD spread (May to June 2026 avg)0.10 pips (GO Plus+) / 0.9 pips (Standard)
GO Plus+ commissionA$6.00 per round-turn standard lot (A$3.00 per side)
Funding methods (AU)Visa, Mastercard, BPAY, PayID, POLi, bank transfer, Skrill, Neteller
Inactivity feeA$0
Negative balance protectionYes (mandatory under ASIC)
AFCA memberYes
Demo accountFree
Customer support24/5, multilingual (English, Mandarin, Arabic, Vietnamese)

Three dates in that table mean different things. The entity was registered in 2000, the licence commenced in 2004, and the GO Markets brand launched in 2006.

GO Markets GO Plus+ pricing, measured

GO Markets GO Plus+ pricing measured 0.10 pips on EUR/USD and 0.24 pips across the eight-pair basket over May to June 2026, with A$6.00 round-turn commission per standard lot added separately.

5 currency pairs at GO Markets, compared on spreads, commission and fees.
PairGO Plus+ avg spread (pips, May to June 2026)+ commission equivalentTotal cost
EUR/USD0.10.390.49
AUD/USD0.10.390.49
GBP/USD0.20.390.59
USD/JPY0.10.390.49
EUR/GBP0.30.390.69

That 0.24 pip basket average placed GO Markets fifth tightest of the raw accounts we tested in the lowest spread brokers in Australia rankings, and the A$3.00 per-side rate is third in the lowest commission forex brokers comparison.

Standard account, spread-only pricing

The Standard account measured 0.9 pips on EUR/USD across the same captures, with no commission. That spread is mid-pack for an Australian standard tier and nine times the GO Plus+ figure, so a casual trader gains little by avoiding the commission line.

What it costs to trade with GO Markets

Trading one standard lot of EUR/USD costs A$6.00 in round-turn commission on GO Plus+, so what it costs to trade with GO Markets lands near 0.49 pips all in at an AUD/USD rate of 0.65.

That commission converts to roughly US$3.90 per round turn, or about 0.39 pips of commission equivalent on EUR/USD. The measured 0.10 pip spread puts the total in the same band as IC Markets Raw and Pepperstone Razor, both of which charge more commission per lot.

The commission is where this broker competes rather than the spread. ACY Securities and Fusion Markets undercut it at A$3.00 and A$4.50 round turn, and Vantage sits just below at A$5.00. Every other raw account in this coverage charges A$7.00 or more.

Other fees AU traders should check

  • 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.
  • Withdrawals cost A$0 on most methods including bank transfer.
  • No inactivity fee applies at any balance or duration.

GO Markets trading platforms

GO Markets trading platforms number five routes: MT4, MT5, cTrader, TradingView and the proprietary GO TradeX mobile app, all on a single account.

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 is the better choice for a trader starting fresh.

cTrader and TradingView

The cTrader platform is available to Australian clients alongside the MetaTrader builds, and carries the copy layer covered below. Australian clients also 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. 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 copying here means picking a strategy provider inside cTrader rather than following a broker-run network. A free VPS for active traders and the MetaTrader Genesis platform add-on sit alongside. Every platform carries an iOS and Android app with biometric login.

Is GO Markets safe? ASIC AFSL 254963

GO Markets Pty Ltd holds ASIC AFSL 254963, current since 10 March 2004, which is one of the longest unbroken Australian CFD licences in this coverage.

ASIC regulation and global licences

GO Markets Pty Ltd, ABN 85 081 864 039, holds AFSL 254963 with the Australian Securities and Investments Commission. Few Australian CFD brokers have held one licence that long without a break.

ASIC register record showing GO Markets Pty Ltd holding current AFSL 254963, commenced 10 March 2004
GO Markets’s Australian licence on the ASIC register: GO Markets Pty Ltd, AFSL 254963, status current since 10 March 2004. The register’s name history shows the licence commenced under Pacific Continental Securities (Australia) Ltd, continued as Pacific Continental Securities (Australia) Pty Ltd from 11 August 2006, and took the GO Markets name on 12 May 2008, which is why the licence predates the 2006 founding year. Checked 16 July 2026. Source: ASIC Connect.

The licence stack holds three further entries:

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

The trust rating sits mid-range despite that licence run, and the reasons are worth stating plainly: the group carries a Tier 3 Mauritius entity, the public review base is smaller than the larger brands attract, and the industry awards cover the group rather than the Australian entity specifically.

History and ownership

The entity was registered in 2000 and has traded as GO Markets in Melbourne since 2006, remaining privately held and Australian-headquartered throughout. The parent group has collected Investment Trends awards for execution quality and customer satisfaction over those years, though the awards are group-wide rather than specific to the ASIC entity.

GO Markets client money protection and AFCA membership

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

Client money accounts sit separate from company funds. AFCA hears claims up to A$1,263,000 and awards compensation up to A$631,500. The Compensation Scheme of Last Resort sits behind that with an A$150,000 cap, and it excludes CFD trading losses, so it covers unpaid awards for misconduct rather than losing trades. The retail standard is set out in the guide to negative balance protection on retail accounts.

One account carve-out matters on the wholesale tier, and it is unusual enough to state precisely. 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. That protection is a goodwill policy rather than a regulatory entitlement, and the difference is the whole point, because a discretionary cap can be declined where the mandatory retail protection cannot.

Public reviews

GO Markets holds a Trustpilot rating of 4.2 out of 5 from 738 reviews, which Trustpilot labels great, captured August 2026. The profile has been claimed by the broker since September 2019.

Trustpilot profile for GO Markets showing 4.2 out of 5 from 738 reviews, captured August 2026
Screenshot of GO Markets' Trustpilot profile, captured August 2026. We recapture these monthly, so the figure above is the one on the profile at that date rather than a number typed in once and left to age.

Public rating panels carry the third-party scores for this broker, built on fewer reviews than CMC Markets, IG Markets or Pepperstone attract, which reflects brand size rather than service quality. Those public ratings also cover the group as a whole rather than the ASIC entity specifically. Recurring platform praise covers stability, deposit and withdrawal speed, and helpful onboarding.

What other review sites say

GO Markets' iOS app rates 5.00 out of 5 from 5 ratings on the Australian App Store (August 2026), listed as GO Markets cTrader.

TradingView users rate GO Markets 4.1 out of 5 from 320 ratings (August 2026). 1.4K TradingView users have connected a GO Markets account.

App Store AU
5.00
5 ratingsAugust 2026
TradingView
4.1
320 ratings1.4K Traders via TradingViewAugust 2026View on TradingView
TradingView profile for GO Markets showing 4.1 out of 5 from 320 ratings, captured August 2026
GO Markets' TradingView profile, captured August 2026. TradingView's header abbreviates the total, so the figure we publish is summed from the five bars in the ratings breakdown underneath it. We recapture these monthly.

GO Markets account types and minimum deposit

GO Markets account types number two for retail clients, and neither carries a minimum deposit, which puts GO Markets level with Pepperstone and CMC Markets at the entry point.

2 account types at GO Markets, compared on fees and minimum deposits.
AccountPricingMin depositBest for
StandardSpread-only, no commissionNoneCasual traders, beginners
GO Plus+Tighter spreads plus A$6.00 round-turn commissionNoneActive forex traders

GO Plus+ carries the raw spreads plus commission and earns the cost rating on this page, where Standard rolls the cost into a spread that measured 0.9 pips on EUR/USD.

GO Professional

GO Professional is a separate tier rather than the standard raw account, and eligible clients apply for it. 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.

Minimum deposit

There is no minimum deposit on either retail account. GO Markets does suggest an initial deposit of around A$200, and it is worth reading that for what it is: enough margin to size positions sensibly rather than a gate you have to clear. Nothing stops an account opening on less, and the free demo account covers every platform before any deposit at all.

GO Markets funding methods and withdrawal times

GO Markets funding methods number six, all at A$0, from instant card and wallet payments to bank transfer in one to two business days.

Deposit methods (AU clients)

6 funding methods at GO Markets, compared on fees and processing speed.
MethodFeeSpeed
Visa / MastercardA$0Instant
PayIDA$0Same day
BPAYA$0Next business day
POLiA$0Instant
Bank transferA$01 to 2 business days
Skrill / NetellerA$0Instant

Three of the six credit instantly, and PayID and POLi are the two most useful for an Australian client because both settle without a card network in the middle.

Withdrawals

Withdrawals cost A$0 on standard methods and must use the same source as deposits wherever available, which follows standard anti-money-laundering practice.

Account opening

Account opening runs fully online and AUSTRAC-compliant, and most Australian applications clear within 24 hours.

GO Markets markets and instrument counts

GO Markets markets and instrument counts run across six asset classes led by 50 plus forex pairs, and the broker publishes no instrument count for the other five.

6 asset classes at GO Markets, compared on instrument counts.
Asset classCountNote
Forex50+ pairsAUD majors and minors, the deep end of the range
IndicesNot publishedASX 200 plus the major global indices
Share CFDsNot publishedASX, NYSE, NASDAQ and LSE names
ETFsNot publishedETF CFDs across global benchmarks
CommoditiesNot publishedGold, silver, oil, gas, softs
CryptocurrenciesNot publishedCFDs only, 2:1 retail cap

The absent instrument counts are stated rather than estimated. GO Markets publishes an instrument count for forex only, so the table reports the coverage the Australian product list names rather than a number that cannot be checked.

Share CFDs

The share CFD selection spans ASX, NYSE, NASDAQ and LSE names, and the range trails the multi-asset specialists. Every equity position is a CFD, which is why a reader wanting direct ASX share investing is sent to CMC Markets or Interactive Brokers instead. The share CFD class is compared in the share CFD market guide.

Gold and index CFDs

The commodity 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 none is quoted here.

GO Markets leverage and margin under ASIC rules

GO Markets leverage and margin operate under a maximum retail leverage of 30:1 on major forex pairs, with lower caps on minors, indices, commodities and cryptocurrency.

ASIC caps retail CFD leverage 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 rather than at GO Markets alone.

Both retail accounts carry those caps identically, so the account split changes the commission model and never 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.

Retail margin close-out sits at 50%. ASIC requires every CFD issuer to close a retail client’s 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 customer support

GO Markets customer support runs 24 hours a day Monday to Friday Sydney time on phone, live chat and email, across four languages.

The language range covers English, Mandarin, Arabic and Vietnamese, which is unusual for a broker of this size and reflects the Australian client base rather than an international one. Mandarin and Vietnamese in particular map to communities under-served by the larger Australian desks.

Three support channels including a phone line is the full set. The support hours rather than the channels hold the service rating down, because the desk closes across the weekend where IG Markets, Plus500 and Capital.com all run 24/7.

A funding or margin question raised on a Saturday waits until Monday morning, which matters more to a trader holding positions over a weekend than to one who flattens on Friday.

The desk is staffed from Melbourne rather than routed to an offshore pool, which is the trade-off running the other way: shorter hours, local agents.

GO Markets research, tools and education

GO Markets research, tools and education run to six components covering daily analysis, webinars, a beginner library, Signal Centre feeds, an economic calendar and regular podcast content.

  • Daily market analysis published to the GO Markets blog
  • Webinars run by in-house analysts
  • Beginner education library covering forex, CFDs and technical analysis
  • Signal Centre premium signal feeds
  • Economic calendar
  • Regular podcast and YouTube content

Six research components is a mid-tier stack in this 32-broker coverage, strong on the basics and lighter than the CMC Markets Morningstar-backed feed or the Pepperstone Trading Central integration.

One of the six research items carries a charge rather than being free to every client, because the Signal Centre premium feeds are a paid add-on. The remaining five are available on any funded account, and the in-house webinar programme is the part that separates this stack from the brokers that publish a blog and stop there.

How GO Markets compares to Pepperstone and Fusion Markets

GO Markets measured 0.24 pips across the eight-pair basket on A$6.00 round turn, against 0.46 pips on A$7.00 at Pepperstone and 0.36 pips on A$4.50 at Fusion Markets. How GO Markets compares to Pepperstone and Fusion Markets is a three-way split on spread, commission and scale.

GO Markets measured tighter than both on the basket and sits between them on commission. What it gives up is scale, brand depth and research: Pepperstone carries five platforms, a measured execution figure and a far deeper research stack.

Fusion Markets undercuts the commission, and both brokers open an account on nothing at all. The licence run since 2004 is the counterweight, and it is genuine rather than a marketing line.

5 alternatives to GO Markets.
If you value…Consider
Tightest forex spreadsPepperstone or IC Markets
Broader product rangeCMC Markets or IG Markets
Lower commission per lotFusion Markets
Beginner-focused platformPlus500 or eToro
Direct ASX share investingCMC Markets or Interactive Brokers

Should you open a GO Markets account?

GO Markets suits active traders who want raw-cohort pricing at 0.10 pips measured on EUR/USD across five platform routes. 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.

Two groups get clear value. Cost-first traders reach a A$6.00 round turn that only ACY Securities and Fusion Markets beat, on a measured basket that beats both larger rivals. History-first traders reach an unbroken Australian licence dating to 2004, which almost nothing else in this field matches.

Two groups should look past it. Casual traders on the Standard account pay 0.9 pips 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 twelfth among the top Australian forex brokers on the 2026 scoring. The free demo covers every platform, so the stack is testable before any money is committed.

Advertiser disclosure: commercial arrangements on this page are set out in full.

FAQs

Is GO Markets safe for Australian traders?
Yes. GO Markets Pty Ltd holds ASIC AFSL 254963, current since 10 March 2004, one of the longest unbroken Australian licences in this coverage. It belongs to AFCA, segregates client funds at an Approved Australian Bank, and provides mandatory negative balance protection.
What leverage does GO Markets offer in Australia?
GO Markets holds retail accounts to a maximum retail leverage of 30:1 on major forex pairs under ASIC rules, with the full tier list in how ASIC regulates forex brokers. The GO Professional tier reaches 500:1 on a Dynamic Margin schedule.
What's the minimum deposit at GO Markets in Australia?
There is none. GO Markets states plainly that no minimum deposit is required to open a live trading account, on either the Standard or the GO Plus+ account. It suggests around A$200 as a working starting balance so a new account holds enough margin to size positions, but that is a suggestion rather than a requirement.
Standard or GO Plus+, which account should I open?
GO Plus+ suits active traders and Standard suits casual ones. GO Plus+ measured 0.10 pips on EUR/USD against 0.9 pips on Standard, and the A$6.00 round-turn commission is recovered on majors at almost any size.
Does GO Markets offer MT4 and MT5 in Australia?
Yes, both MetaTrader builds run on the Australian entity across desktop, web and mobile. GO Markets also offers cTrader, TradingView and the proprietary GO TradeX mobile app, five platform routes in total.
Is GO Markets better than Pepperstone or IC Markets?
No. Pepperstone and IC Markets hold larger client bases and tighter measured spreads at 0.10 and 0.01 pips on EUR/USD. GO Markets counters with a longer continuous AFSL, held since 2004, and a lower commission at A$6.00 round turn.
Does GO Markets charge an inactivity fee?
No. GO Markets lists its inactivity fee as zero, so a dormant account accrues no monthly charge at any balance.

About the author

Justin Grossbard headshot

Justin Grossbard

Justin co-founded CompareForexBrokers in 2014 and has traded forex since 1998. Based in Melbourne, he has tested every ASIC-regulated broker on this site personally and has written for Forbes, Kiplinger, Finance Magnates, the Australian Financial Review and The Age. He holds a Bachelor of Commerce (Honours) and a Master of Marketing from Monash University. Justin is the co-founder and CEO of CompareForexBrokers.

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