If you are an aspiring forex trader, you have probably found yourself in a tight fix when you want to choose the right forex broker. The situation can be even worse if you are an Australian. This difficulty does not arise from the lack of good brokers, but it actually arises from the availability of so many good brokers to choose from. One such broker is the Go Markets broker. With divisions such as Go Markets Australia and Go Markets UK, Go Markets is one of the most popular brokers.

Established since 2009, Go Markets is one of the best brokers when it comes to forex trading. For the safety of your money, Go Markets is regulated by Australian Securities and Investments Commission ( ASIC ). In addition, the broker has a segregated bank account where clients’ money is kept. For more information, keep reading this Go Markets review.

How to trade on Go Markets

The main purpose of the website is forex trading, but clients can trade in other commodities there as well as well. For instance, clients can trade in cryptocurrencies, indices and other commodities like gold and oil. For the traders who prefer binary options when trading, Go Markets binary has a wide variety of assets as binary derivatives.
The Go Plus account is the highest level and mostly used by professional traders who have been on the field for some time. Go Market spreads run from as low as 0.0 pip. Even though the Go Plus is on the higher level than the Pro account, both accounts charge flat commissions. The Plus account charges $3.00, while the Pro account charges $3.50 per side. The standard account is recommended for beginner traders. Traders also get to access financial news via the Go Markets News feature on the platform.

Key features
Customer support

The site offers a wide range of language options including English, Chinese, French, Arabic, and Spanish. This enables clients from various backgrounds to use the site.

Platform and apps

In addition to MT4, traders are able to trade using their smartphones since Go Markets offer mobile apps for iOS and Android. This makes it easier for traders to trade while on the move.
Requirement when opening an account with Go Markets
When opening an account with Go Markets, you will need to have the following:
• A scanned colored copy of your national ID, driving license or passport
• A bank statement or a utility from the past three months. Your address has to be shown on the documents.
In addition to the above requirements, traders have to go through checks and answer a few questions. The whole process takes about 10 minutes.
Standard accounts can be opened with a minimum fee of $200, the Pro account requires a minimum deposit of $1000 while the Plus account holder has to deposit $10,000 minimum to operate the account.

Conclusion

Go Markets is certainly among the best brokers. However, in case you are not sure about the broker, GoMarkets offers a 30-day demo account that requires no initial deposit to operate and offers the same functionality as the other accounts minus the risk of actual money. The Go Markets peace army reviews from current and former customers regarding the broker in case you want to know more. Plus500 reviews also has traders’ reviews.