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GO Markets reviews
Average: 3 based on 88 reviews
GO Markets
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- Website: www.gomarketsaus.com
- Year since: 2006
- Headquarters: Melbourne, Australia
- Company registration: GO Markets Pty Ltd, Australia
- Regulation: ASIC (license No. 254963)
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Traded with GO Markets?
Were you satisfied with the quality of GO Markets broker services?
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REVIEWS & RATINGS




New Zealand John
January 4, 20123years Total
1year with this Broker
Terrible broker, very sloppy service and very intermittent spreads eur/ usd is one minute 1.7 spread and next 3 pip spread. Makes it very hard to trade.
Much better brokers out there to choose from
Australia, Richard
December 17, 201112 months Total
about 6 months live, 1 month demo with this Broker
Very happy with this broker. Has its own program, hate web based apps
Can trade from as little as 0.01c lots which has been good for me to learn with.
Staff have always been prompt and proffesional with me. Took the time to explain in detail
to me exactly how they make their profits. Had no issues withdrawing cash, was in my. bank within
a couple of hours. Overall would definitely recommend them. Only downside is on occasion have noticed it loses connection then reconnects, not normally a huge issue, but long enough for someone with big dollars on a small trade to lose. If they just fixed that part would be 5 stars.
Malaysia, Martin
November 13, 20111 month Total
1 month live with this Broker
Dangerous FX boker !! the data center always jumping to another even you lock to Sydney data center.
They start play trick to make you loss money after you make 1st withdrawal. Stay away from them !!
Indonesia, Benny
November 9, 20112 years Total
2 months DEMO with this Broker
Try to see on NZD/USD at Nov 3, there is a spike between 18:15 and 22:15. Bad broker !
(AUSTRALIA) ROSY
November 8, 20112YRS Total
18MTHS with this Broker
DISADVANTAGES:
This broker closes prematurely on stop losses, have had many examples where the stop loss was not reached and yet it closed out, therefore exiting my trade, - often positive trades. "Ghost" spikes have occurred which tallies with the above Stop Loss comment cancelling my trade, especially when one tries to be consistent and cautious with the Stop Loss distance. Visual information shown on MT4 is not exactly shown to enable judgement when trading,
Feed does not register or show on the MT4, Internet loss of feed occurs - even though I use as a backup a VPS. Something is not right - if you are looking for a good broker - my suggestion is not to go with them & look further.
ADVANTAGES:
On the surface they look good & they market themselves well, however over the time I have been with Go Markets, I have seen a decline in the way their service is delivered. Their phone, promptness to emails etc are good. Leveredge good, but the variations when trading do not by any stretch make up for the costs associated when trades are not as they should be.
SUMMARY
The way GO MARKETS are operating now is indicative of a firm who are making money by manipulating the system & in essence taking other people's money.
Thankyou for the opportunity to comment and I hope this assists your readers.
Brian w
October 20, 20115 years Total
4 months with this Broker
Took 2 days to open my account once they managed to verify my ID. seems they are quite strict on compliance hence I could not start trading that day.
Very good deposit and withdrawal process.
Trading platform is very good, iphone app needs improvement but have been assured a new one will be available in 2 weeks.
4 stars not 5 due to strict compliance and sub standard Iphone app
Will re review when new app is available
Indonesia, Hans B.
October 6, 20113 months Total
1 month with this Broker
The best broker I've come across so far (and I tried quite some).
Execution is the best I've seen so far (400-600ms),
Spreads are great,
Withdrawals have been totally without fees (no banking fees also) to Europe,
customer service good.
Franko , UK
September 8, 20114 years Total
6 months with this Broker
Great funding options. happy they now have ING bank to deposit and withdraw .
Good support froma good team.
Keep it up
australia, alex
September 8, 201114months Total
5months LIVE with this Broker
servers often hang(??) and disconnect and take a while to reconnect. i'm absolutely sure its not my internet connection as i have an account with fxdd and ibfx and these don't hang and need constant reconnecting.
their iphone app is poor and theres no ipad or HD upgrade. in fact, mobile trading even through wifi is poor. charts very often do not actually load properly. app constantly needs to be reloaded. i'm guessing this is related to their slow server problems. i have lost hundreds of dollars trading on the go with this app. its a pathetic excuse for a trading app. for one of the leading fx brokers in australia, this reflects poorly on their intention to retain customers.
forget about trying to trade news with this broker as their chart updates are usually a split second behind other brokers.
major slippage issues.
spreads are somewhat tight but taking into consideration the poor execution reaction, this is only expected. i highly doubt that the trades its customers execute are placed in the real time market.
steer clear from this broker unless you are happy with slow execution of market trades. and if you don't need mobile trading.
Mark
September 7, 20113 Total
10 months live with this Broker
BS broker, everytime negative slippage, on every single trade !!
Very bad execution,it does take many seconds!!
Disconnects and/or no quotes for minutes!
Run!
australia
September 6, 20112 years Total
1/2 a year with this Broker
slow execution designs to suck your money. platform freezes often that disallow you to execute or change open trade and sometimes off quote for more than 5 mins. you call them the best they can do is to close your trade. stay away...
Sarah, UK
August 4, 20118 months Total
5 months with this Broker
Withdrawals took less than a day to hit my bank account and they have great support
Trading central daily emails are very helpful if a bit middel of the road and , a great improvement on the regular daily reports
Melb Australia THEDUKE
May 26, 20111 MONTH Total
1 WEEK with this Broker
Just started in fx again after a few years away running a retail business. Have researched hundreds of these bloody fx brokers. so many scams. Go seem to be well. On there demo and will go live in 2 weeks no pun intended. The demo is good and they tick all the aspects needed, spreads, speed, costs, safety.
Tommy Madison, USA
May 18, 20113 years Total
1 year with this Broker
I finally signed up on here just to review my broker. Go Markets! It took me about a year to find a good reliable broker who doesn't play all the regular forex games, I can definitely say GOmarkets has my pick
Pros:
Tight Spreads EUD/USD 0.9-1.6 average is 1.2
leverage up to 500:1, 100:1 standard
No minimum to start, I started with $250
Micro, Mini, & Standard lots
5 digit broker
Safe and regulated by the ASIC (simillar to US regulating bodies, but less restrictive on the client)
Hedging & Scalping is allowed
No Dealing Desk or Money Maker crap, they are STP, so they are not betting against every trade I make
Their servers used to be a touch slow and sometimes have "issues" but now very good
They respond to any questions within only a few hours.
2xs My margin dropped below level for about 5-10 mins and they didnt immediately liquidate my positions
No games, No nonsense, No worrying, etc.. If I cant sleep at night at least I know it's not because of my broker
Cons:
Their server is in Australia, I'm in Miami, takes about an extra .75 seconds to clear orders
Before a year ago their servers were average, but now they are fast and steady, and I just got an email saying they added another to allow for future expansion
I have seen a couple spikes in charts, but hasn't been when I was in a trade, but was told if it was from error in their feeds they refund.
NO Longer accepts US Clients :(
Thanks NFA & CFTC! With your help I can now only trade with brokers who charge double the spread and 50:1 leverage max.... thanks for making me safe from myself ;)
Conclusion: If you are not a US client SIGN UP WITH GOMARKETS! hey, why are you still reading this and not signing up with them ;-)
australia
April 26, 20114 years Total
7 months with this Broker
After a few years of trading and numerous brokers, I have finally found one I believe I can trust and rely upon. I am proud to say they are Aussie, which makes me happier. Being local I can be sure deposits and withdrawals are easy, support is much the same. My trading has gone up and down, but I can't contribute a single loss to this broker. Hopefully they can stay this way for the long term.