Overview
GO Markets was founded in 2006 in Melbourne and was one of the first brokers in Australia to offer MT4. Regulated by ASIC, CySEC, FSC Mauritius, and FSA Seychelles, GO Markets provides a solid ECN-style trading environment with raw spreads from 0.0 pips on its GO Plus+ account. The broker offers 350+ instruments across forex, indices, commodities, shares, and cryptocurrency CFDs on MT4, MT5, and cTrader.
Pros
- ASIC + CySEC regulated: Strong dual tier-1 regulation
- Competitive ECN pricing: GO Plus+ account offers spreads from 0.0 pips with $3.00/side commission
- cTrader support: Full cTrader access alongside MT4 and MT5
- Established Australian broker: Over 17 years of operation with clean regulatory record
- Educational resources: Comprehensive market education including webinars and video tutorials
Cons
- $200 minimum deposit: Higher barrier to entry than competitors like Pepperstone or Axi
- Limited instruments: ~350 instruments is fewer than IC Markets or FP Markets
- Lower brand awareness: Less known globally than top-tier Australian brokers
- No copy trading: Social or copy trading functionality is absent
- Standard account spreads: Around 1.0 pips on EUR/USD — average at best
Spreads & Fees
| Account Type | EUR/USD Spread | Commission | All-In Cost |
|---|---|---|---|
| Standard | Avg 1.00 pips | None | ~1.00 pips |
| GO Plus+ | From 0.0 pips | $3.00/side | ~0.60 pips |
Overnight (Swap) Fees: Competitive standard rates; Islamic accounts available. Withdrawal Fees: Free for most methods. Inactivity Fee: $10/month after 12 months of inactivity.