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GOMarkets — Forex Broker

GOMarkets:

Company: GO Markets Pty Ltd
On-line since: 2008
Country of origin: Australia
Regulation: Regulated by ASIC (registration number: ACN081864039).
Payment options: Wire transfer, BPAY, credit cards and PayPal
Minimum account size: $1
Minimum lot size: 0.01 lot
Leverage: up to 1:500
Spreads: 1.5-2 pips on EUR/USD
Rating:
5.5/10 with 206 votes

Rate broker — GOMarkets:
Categories: PayPal Forex brokers
MetaTrader Forex brokers
Gold trading brokers
Forex brokers with CFD trading
Opinions: See GOMarkets reviews.

Advantages:

Disadvantages:

  • No important disadvantages

Click here to open an account with GOMarkets


Reviews:

74 reviews of GOMarkets are presented here. All reviews represent only their author's opinion which is not necessarily based on the real facts.


mikey from uk08/16/2009

dont judge a book by its cover, i have used loads of fx brokers and go are the best so far, used them for a year with no issues. apparently a new improved price feed is on its way aswell.

most forums have very good reports on this company so worth trying.


Sam from australia08/16/2009

i was getting requotes in more then 75% of my trades. I have read in other forums that they change spreads on your platform if you are making $. Customer service is not good at all after you fund your account. Withdrawals are fast, so thats a good point but i would never trust this broker on their unfair tactics. Beware and stay away.


jonno from australia08/03/2009

I must admit I don't agree, I have been trading with go succesfully since december. Robots are working well and my account manager seems like he knows what he is talking about


paul from sydney08/03/2009

GOMARKETS change spreads if you make money . They will manipulate spreads if you are making money in your own trading. Customer service is pathetic as there is noone to answer phonecalls in the evening/night. Lot of requotes and invalid prices.

Paul is the name of of one of the employed idiots there who is very arrogant. Stay away from this bucket shop.


pipstrader from Aussie07/28/2009

I think GO's spreads are excellent, I run FXCM alongside and GO seem to beat them 90% of the time. I haven't tried withdrawing any funds yet but will update when I see how efficient that is.


colin from Australia07/28/2009

i was introduced to Go about 3 months ago. spreads are tight and very good during main session in uk / us . i compare them to others and they hold up very well. if in doubt download a currenex demo and you will see that they are pretty much bang on.

negative points are that would prefer a better credit card payment option than paypal but i can live with that


a.myer from australia07/27/2009

They will manupulate spreads at certain hours and to close an order sometimes takes 4-5 times yes they do strange things to feeds so your robots dont work and throw in a spike to hit your losses or trigger you robots. They put filters on the feed and does not compare to other broker feeds


mikey from Australia07/25/2009

No problems with Go markets, spreads are really good and they have actually reversed spikes in my favour which has no thappened with other brokers before.

thumbs up


Boingo from Australia05/25/2009

Their swap rates are high. Testing shows they rarely pay swap to YOU, They just take swap FROM YOU. Caution!


MD from UK04/21/2009

Good broker, like the MT4 platform, they are going to launch swap free accounts which should be good for carry trades


Tai from Australia02/23/2009

This is an excellent broker.

I have been using them and find no problems.

Highly recommended


ecobest from Nigeria02/03/2009

This broker i dont really understand them, b/c after filling their form for live acount and submitting all the required documents, the response from one of their representative is that they do not accept deposit from nigerian resident. Only at another time for another representative of their to contact me to send my passport. so what actually is their stand, any body with useful info b/c i like to trade with people that are straight forward for my money not to be at a great risk.


WizardTrader from Australia01/14/2009

This broker is great! Have been using them for over a year now. Never had any issues with them! Very good customer Service.


Aaron I. Cohn from Texas, USA12/21/2008

This broker does not open an account for a US citizen. Nowhere on their site or in the application materials do they state this. Another wasted 20 minutes filling out an application & faxing passport & utility bills to get the dreaded "at this time, we do not open accounts for US citizens".

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