GO Markets review: Regulations, Trading platforms, Broker features, and User ratings.

2.748 • 226 REVIEWS
Formerly GoMarkets.com.au
Updated: Nov 27, 2023

What is GO Markets?

GO Markets is an online forex broker offering the MT4, MT5 and WebTrader forex trading top platforms.

GOMarkets.com offers over 45 forex currency pairs, cfds, commodities, shares, indices, gold, silver, oil, bitcoin and other cryptocurrencies for your personal investment and trading options.

Please read Go Markets Reviews below and share your live trading experiences with this broker.

Other websites of this company include GoMarkets.com.au, GoMarketsAus.com.
Related sites include LimitlessTradesLtd.com, ExpressFXOption.com.

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 500:1
Minimum to Open Live: $200
Established: 2006
Address: Level 11/447 Collins St, Melbourne VIC 3000, Australia
Contact: support@gomarkets.com, 1800 88 55 71
Regional offices:
Regulators: ASIC #AFSL 254963, CySEC #322/17, FSC Mauritius #19024896, SVGFSA #25456, FSA-S #SD043, DMCC #20200000013
Prohibited countries: Show all >>
Trading platforms: MT4, MT5, WebTrader
Web Trading: ✅ Yes
Mobile Trading: ✅ Yes
ECN: ✅ Yes

Trading Instruments

Currencies: (50+)
Cryptocurrencies: (5+) Bitcoin, Litecoin, Ethereum
CFD: (495+) Gold, Silver, Stocks, Stock Indexes, Oil

Trading Conditions

EAs/Robots: ✅ Yes
News Trading: ✅ Yes
Scalping: ✅ Yes

Managed Accounts & Social Trading

Deposit Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, BPAY, FasaPay, Neteller, PayTrust88, Poli, Skrill, XPAY
Withdrawal Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, BPAY, FasaPay, Neteller, PayTrust88, Poli, Skrill, XPAY
* Please check broker website for more information
2.748 • 226 REVIEWS

Recent User Reviews of GO Markets

I Macfoy
Nov 24, 2023,
Registered user

Charging fees and still not allowing me to withdraw

Service use: Live Length of use: 0-3 Months
I took all my investments and won't allow me to withdraw anything. Every time I consulted to them I had to pay fees and penalties. Let me give a run down. I sent them this message down below.
You gave me the deadline for the fee for the IP address Nov 22 not only did I give it before time not long after you ask for fee for custody in which I gave you in less than 1 week now you want to penalize me for adhering to your deadlines. This is absolutely malicious, and cruel, it's obvious that you have no desire for me to withdraw any of my funds! How do you expect me to keep paying you stuff without any return of my actual investment? This is such a vicious thing for human beings to do. They are very cold. They haven't replied to my message since I sent this. They wanted me to pay 6k this is after I gave them 16k for fees and verification. I'm in more debt than I was before.
Hai Duong
Khách Hàng, Viet Nam,
Oct 12, 2023,
Registered user

I had a horrifying experience with Go Markets

Service use: Live Length of use: 3-6 Months
I had a horrifying experience when Go Markets took all my profits for no apparent reason. I asked their support about dividend-related matters, specifically if I would be charged any fees for holding sell orders overnight. I received information from the support representative of the platform, assuring me that I would not be charged any fees when holding dividend-related orders overnight. When I received this information and began trading, Go Market deducted $2080 from my account. I inquired about this with Go Market, and they claimed not to charge anything, despite this unauthorized deduction. I provided evidence and emailed them to request a refund, but Go Market refused and blamed the customer for not having a clear understanding of the information.
In reality, Go Market's support provided incorrect information to the customer, ultimately causing the customer to lose $2080. Meanwhile, Go Market profited from this incorrect information.
I also posted about this issue on Trustpilot, and Go Market paid Trustpilot to remove all my reviews.
I hope the community can help me recover the money that Go Market took from me. I have collected all the evidence of Go Market's wrongdoing.  Sincerely, thank you.
Siti Nurjanah
West Jakarta, Indonesia,
May 21, 2021,
Registered user


Service use: Live
This broker really does not respect traders. It's really not good. Regulations are not guaranteed
1 trader has found this review helpful
Reply by GOMarkets submitted Nov 4, 2021:
Hello Siti,
It seems your account was never funded nor traded with us, so I'd like to hear more about the nature of your complaint.

We are highly regulated in multiple jurisdictions and always treat our clients with full respect. and transparency.

Please email support with further details of and I will investigate.
Melbourne, Australia,
Dec 18, 2020,
Registered user

Account Balance shows zero. Being fobbed off by technical support

Service use: Live Length of use: over 1 Year
I have been trading with GoMarkets on live accounts with MT4 for well over 10 years. Over that time I have run into a few technical problems with MT4. I have generally found GoMarkets tech support appalling but since I have an IT background I have always managed to sort out the problems by myself.

A week or so ago Metatrader did an automatic upgrade of MT4 to version 4.00 Build 1320 and I immediately started experiencing a strange problem which I have been unable to resolve.
Sometime MT4 works normally but at other times, often for several hours at a time it will come up with a zero account balance even though there is a substantial amount of money in the account. Then after an indefinite period of time (often many hours) it will reconnect and start working again. I have tried all the usual stuff such as rebooting the computer and re logging into the account multiple times etc as well as monitoring network traffic, cpu usage etc but I haven't as yet been able to figure this one out.

I contacted GoMarkets tech support a few days ago but I am just being given the run around. First they told me I needed a faster internet connection. I have NBN fibre optic with a 5Ghz connection. You don't get much better than that in Australia. I have been using this network for many months with Metatrader without a problem. In any case, the way I trade, the internet data requirements for MT4 are very modest. Data usage is typically only about 100 megabytes a day so my NBN fibre optic network is vast overkill.

The next thing they tried to tell me was that their IT dept had monitored my internet connection and it was faulty. I am curious how they managed to do this without having access to my network which I most certainly haven't provided them with. They sent me a list of my attempted logins as proof of their claim. To my way of thinking it proves the opposite. If my internet connection was faulty I wouldn't be able to log in at all. My multiple login attempts take place when MT4 is showing zero balance (i.e not working). Of course the internet connection works fine for everything else at these times.

I tried accessing the account with an older version of MT4 using the same internet network and at the same time as when the current version of MT4 wasn't working. The old version appears to work fine but the new one doesn't. Since this is an intermittent problem with the new version this unfortunately is not conclusive proof.

It looks to me very much like this problem has somethng to do with the MT4 upgrade but the support people at GoMarkets won't have a bar of this and have basically just fobbed me of and told me to fix my internet problem.

Not only can't I trade at the moment but I am really frustrated by GoMarket's complete lack of competent technical support together with a general unwillingness to even try and help. It really makes me wonder if the rest of the company is run in similar appallingly bad way. If so it seems to be that it might be time to move to another broker who can offer amongst other things reasonable technical support.

This post is to report on my highly unsatisfactory experiences with GoMarkets technical support. I apologise for all the techo stuff but I thought it necessary to provide a full and accurate account of my experiences. I was also wondering if anybody else has experienced anything similar to this with GoMarkets or MT4.
2 traders have found this review helpful
Bahrain, Bahrain,
Nov 14, 2020,

Never had any issues

Service use: Live Length of use: over 1 Year
First off, let me tell you that I last traded with Go Markets in 2014 and hence my review is not based on latest practices. The only reason why I came here to write this is the overwhelming negative feedback on this broker for WITHDRAWALS which according to me seems totally fake!

In 2014, I deposited US$5k and converted that to $18k in one month after some crazy stupid trading and using excessive leverage - I sent a withdrawal request and it was super fast with, of course, no questions asked. I will not comment on spreads / swaps / comms. since i wasn't even bothered about it back then so never paid any attention on that front!

This is 2020 - Markets are highly regulated - no broker on this planet would stop you out by creating some fake price moves or spike up the spreads only to get your 1 micro lot or 1 mini lot stopped out - I think its high time that traders take responsibility of their own actions instead of making their broker a scapegoat.

We can compare feeds from different brokers and check their OHLC and compare LIVE spreads on myfxbook 24/5.

Its an irony that I made profits with Go Markets (Who dont claim to be pure play ECN) and I lost a lot of money with DMA brokers - The point is - It all boils down to us, as traders. When I made profits with Go Markets - it was luck based (No withdrawal issues at all) and when I lost money with DMA broker, it was purely because of my trading psychology issues - I cannot and will not pass that blame to the broker
2097, Australia,
Sep 12, 2019,
Registered user

stop loss wrong

Service use: Live Length of use: over 1 Year
using xauusd stop loss was triggered way not what on other brokers.unsure why but reading reviews others have had same problems.why i dont understand,if you make money losing or wining for the broker why does he want you to lose or have i made a mistake in thinking this?.
Im scared of trusting this broker ater reding reviews simiar to mine.
Manchester, United Kingdom,
Jun 17, 2019,

Over 1 month of trading - Deactivated my account

Service use: Live Length of use: 0-3 Months
Signed up 1st week of May, deposited £150, as their minimum was $200AUD, £150 is well over their minimum required - started trading on the 8th.
Everything was great, overall I was on a loss, but I had no complaints about the quality of the Broker.

Came to trade today, 8 weeks nearly since I initially funded the account they've deactivated my trading ability stating I need to submit an extra £50.
They then link me to T&Cs which still clearly state $200AUD, at the time of writing £150 is nearly $300AUD.

Crazy shady practices - apparently its a "system error" - but no efforts have been made to turn my account back on until they receive the extra £50.

perth, Australia,
May 30, 2019,

4years with go and no issues, great customer service and never been requoted or not filled on a trade
May 10, 2019,
Registered user

I funded my account in 5 seconds, after a month I made some money and I wanted to withdraw it. At the first, I tried to withdraw via Neteller and it failed, because they have a licensing issue with both Neteller and Skrill even they did not mention that on their website. I didn't care that too much and I tried to withdraw via credit card. Guess what? It's also FAILED, the reason is unknown. So, I tried to withdraw via bank transfer. I do not live in Australia and my bank does not BSB code (which is required for domestic money transfer in Australia) that's why I can't even add my bank account to give a withdrawal order. If they won't going to give my money, I will go to ASIC, because they do not warn your about their unvalid both Skrill and Neteller license and also they do not have proper payment system for international money transfer. I sent an email to their funding team, I will let you know about result on Monday. Be careful, if you are an international trader. You could have a such a hard time to get your money.
1 trader has found this review helpful
Jan 15, 2019,
Registered user

Go Markets is the best !

Quite honestly I don't understand the negative reviews on this company ! I've been with Go Markets for 3 1/2 years now and all I can say is they're not only very friendly and helpful, but also 100% correct - after all, they're highly regulated. They even helped me out recently (to their own detriment) when I got hit by the flash crash on 03.01.19.
I've been with so many brokers till now, but this one beats them all when it comes to competence and fairness. As for widening spreads etc. (see negative reviews), all companies do this in times of low liquidity - after all, brokers also carry risks !
All in all, I'm perfectly satisfied with Go Markets !
1 trader has found this review helpful
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