GOMarkets.com Review

2.806 · 223 REVIEWS

Formerly GoMarkets.com.au

Updated: Dec 21, 2020 · Visit site  · Is this your company?

GOMarkets is a forex broker. GO Markets offers the MT4, MT5 and WebTrader forex trading top platform. 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.


Other websites of this company include GoMarkets.com.au, GoMarketsAus.com

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 500:1
Minimum to Open Live: $200
Established: 2006
Address: Level 22, 600 Bourke Street, Melbourne, VIC, Australia
Contact: support@gomarkets.com, 1800 88 55 71
Regional offices:
Regulators: ASIC #AFSL 254963
Prohibited countries:
Trading platforms: MT4, MT5, WebTrader
Web Trading: Yes
Mobile Trading: Yes
ECN: Yes
Currencies: (50+)
Cryptocurrencies: (4) Bitcoin, Litecoin, Ethereum
CFD: (200+) Gold, Silver, Stocks, Stock Indexes, Oil
EAs/Robots: Yes
News Spike Trading: Yes
Scalping: Yes
Deposit Methods: Bank Wire, VISA, MasterCard, BPAY, FasaPay, Neteller, Poli, Skrill
Withdrawal Methods: Bank Wire, VISA, MasterCard, BPAY, FasaPay, Neteller, Poli, Skrill

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2.806 · 223 REVIEWS
Forex Peace Army

Let other traders know if this service is worth checking or should be avoided.

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Traders Reviews

Istanbul, Turkey,
Apr 28, 2013,

Following up with my deleted profits:
Have just filed a complaint to ASIC, asking them to review my case againt Gomarkets in order for them to restore back my profits worthing $3500. Would urge strongly anyone suffered to do so the same. The more poeple complain the stronger our case becomes and the more serious ASIC takes our case pressing Gomarkets as GoMarkets has failed to provide me with a valid proof of their accusations.

2013-03-27 1Star Being belong to the same parent company as VantageFX AUS, GoMarkets just like Vantage, deleted all profits I made for the period of 8 months of trading with them, and left losers untouched. Their BS reason is the same as other fellows posted: Suspicious activity-using Arbitrage Trading, both of which accusations are not true and absent of proof by them when asked. For now complaining to ASIC together with all other victims seems to be the next step. Would also like if FPA research about this case listening all these complaints posted here to label both GoMarkets and Vantage as scam bucketshops, so there wouldnt be new victims of scam
Tim Wilson,
, Australia,
Apr 23, 2013,

I have had an account with Go Markets since 2007. In the beginning there were a lot of server problems. They were eventually fixed and I have not had any significant performance problems for years. Support and administration has also been very good in my experience. On the few occasions that I have had a problem and contacted support the problem has turned out to be either the MT4 program on my own PC or the internet connection.

I spoke today (24th April 2013) to the current manager, Paul Hill, about claims that accounts are being frozen etc.

He advised me that certain types of EA’s (Btn Lightning etc) are being used by some to try and block or slow down the servers with high frequency attacks at critical times like major news releases. People using these EA’s then try to take advantage of these artificially induced lags. It is the people using these techniques, which Paul claims are illegal that are being targeted.

This seems fair enough to me because if these people are trying to effectively disable the servers the vast majority of legitimate traders are going to be affected or compromised.

Apart from being a client and having a current, active trading account, I have no other interest, connection or involvement with GoMarkets Pty Ltd and would not hesitate to close my account with them, as I have done with other brokers if I was not satisfied with their service.
Anthony Myers,
Aiustralia, Australia,
Apr 16, 2013,


Contact ASIC:LINK for online. Australian Securities & Investments Commission.


lawyers: http://www.gtlaw.com.au/services/competition-and-regulation/

T +61 2 9263 4000
F +61 2 9263 4111

Take them to court as they have commited Fraud misleading public and stole person funds illegally
NSW, Australia,
Apr 16, 2013,

I have made and withdrawn over $50k of profit with GO Markets. They do allow you to trade and make money, just not try and beat the system. The BTN users are similar to card counters at a casino and its not legitimate trading.

I have only given 1 star as the last few days their server is offline for at least an hour last night and so far 2 hours tonight.

I am moving to another broker as these guys have significant server issues.

Stay away !!!
Argentina, Argentina,
Apr 15, 2013,

This broker is stealing me!, After months of trading they erased all my profits from NOV/2012 to date, and they say i was trading with some EA named BTN LIGHTNING, I traded since many years ago and always me and only me I have been trading with them since 2011. When i asked them for proof that i was doing something illegal they only avoid to give me a real answer. Here you can read what i wrote and what they answer.

Dear GoMarkets support I am now in contact with FOS, I requiere you to give me proof of what you are saying. Give me the proof of what you are accusing me of doing not a two lines email or a templete, i ask you to provide me of each trade why it's invalid and why the trades before those are valid.

You erroneously accusing me of

1) "using an automated trading robot which had the below characteristics"

Causing systematic manipulation or abuse of markets
Interfering with the markets efficiency and integrity
Exploiting mispricing
Operating in Breach of our Terms & Conditions

Me: I do not use any illegal robot like they says, I always program my own EAs *robots to trade the market, i have been doing this for over many years in many brokers and this is the first time someone don't want to pay my profits. My robot trade news releases, previously get with Bloomberg software, i can provide you the bill. and make the decision in which direction to trade BUY or SELL and you accepted the trades. Also you canceled my trades from NOV/2012 to date and i have been trading with you since OCT/2011 exactly the same, how is possible for you to find only the last period trades illegal, i suppose you are not investigating my account only saying things to not pay my profits as you never gave me any proof of what you say only accuse me of doing something but with any proof.

2) also of "It is our understanding that many clients have downloaded an EA /Trading System (BTN Lightning) or given their Login and Password to a third party"

Me: I told you many times i don't use any EA/ROBOT from someone else or gave me login details to anybody but you keep saying i did, also you phoned call me very rude and accuse my by phone of that, i program my own EAs in MQL language, I know how to do it since many years ago, i learned in 2007. I am not a beginner i trade since 2005 an the forex market and i am a very experience trader so in my opinion you are not willing to pay because you are running a market maker broker and not going to buy or sell real currency only playing a game, after i submitted a withdrawal form you sent me an email saying this accusations. I can provide you with any proof you need.

I am fw all the emails you wrote me and i sent you to FOS and i commit myself to submit your aswer when i have it.

Best regards,


Dear Oscar,

Your trades have been derived from the BTN trading system. I will however ask a member of our risk team to look over your account once again to ensure it has not been flagged in error.


GO Markets Trade Support

They are avoiding me and running away with my money! please help!

2013-04-05 1Star I've submitted a review before, this is to notify you that GoMarkets is still trying to run again with 65000 USD, I will also submit a 1 star review so other customers can be aware.
I just sent a formal complain with the regulation agency ASIC i will keep you updated about this matter, they accuse me of having a EA that take advantage of something illegal and I have every proof that I am a forex trader since many years ago, I never had any problem with any forex broker, I will provide ASIC and you if you need that information of everything you need to let you certify that this company is an scam.

2013-03-26 1Star Dear Forex Peace Army, this broker Go Markets it's stealing my funds they are saying i traded my account with an EA named BTN Lightning and because of that they are reversing my profits made since months ago, i can prove i always traded by myself with homemade EA programed by myself in MQL4, i am desperated they are stealing me and i don't know how to protect myself after i sent my withdrawal request the send me an email saying that i have all the emails recorded, statement, please let me know how to go further with this, thank you in advance, Oscar.
, Canada,
Apr 10, 2013,

I'm also a victim of GoMarkets, with months of profitable trades (tens of thousands of dollars) being cancelled. The reasons put forth by Go being completely unfounded and ridiculous. They have been extremely poor in their communications. A shame after things started out so well, then went downhill fast once I was profitable.
Adelaide, Australia,
Apr 10, 2013,

Just spent ages writing a review only for it to not submit so if this comes through twice then I apologise

I have used BTN briefly and then moved to another EA. I have no issues receiving profits and withdrawing cash which leads me to believe this is an islolated incident.

BTN have gone underground and stoking up the users to take action but they know that this trading is suspect and they know that it only works with brokers who are dumb enough to have slightly off prices.

Wouldnt suprise me iof GO and the others are actually speaking to their lawyers to take further action against BTN and the users as if it genuinley slows down the server to take trades then thats really suspect.

I will be interested to see how this pans out but in the meantime I will give go 3 stars due to regulation, speed of funds transfers and helpful staff but no higher as this could have been handled better and privately
, Australia,
Apr 9, 2013,

This Broker along with sister company Vantage FX have frozen my accounts and deducted profitable trades claiming that there was illegal trading activity on the accounts.
DO NOT USE THIS BROKER! You have been warned.
Get your money out while you can if you have an account.
London, United Kingdom,
Apr 8, 2013,

Please DO NOT open an account with GO. My profits were deleted after 4 months of uncontested confirmations stating that their liquidity providers reversed my trades. I do not know how that is even possible, if anyone knows please shed some light on this. Once they completed the investigation, they said that I would be able to withdraw my deposit, but now they have back tracked and said I would not be able to. I am stuck in limbo at the moment as it seems that I have lost all my funds. Having read more about past dealings with GO(I only wished I read this before opening an account with them), it became apparent to me that they were betting against their clients. So this goes against the fact that they claim that they are a STP broker. Please avoid GO at all costs.
Albury, Australia,
Apr 5, 2013,

I've been Forex trading for 4 years now have had a number of accounts with GoMarkets. I don't know what all the fuss is about I haven't really had any issues, but in saying that haven't had much success so making too much profit isn't going to worry them.
I have never had a problem withdrawing except if you top up the account with a credit card you can't withdraw to a bank account for 3 months which can be annoying.
I have lost money on two ocasions when I was getting a error or no connection and they refunded me the money.
I'm not sure if they are a scam or not I haven't had a lot of issues, if they are I'll have to find someone else.
I have had strange things occur when using EAs or getting requotes for no reason I couldn't close a trade in profit but when it goes backwards it would allow it to be closed.
Overall I'd say it's been pretty good, with low spreads and good customer service. I've never had a problem doing withdrawals. And that's the honest truth.

2008-12-15 5Star I have used a number of providers and have found this Company to be very honest and upfront.

When I queried a withdrawal which was not processed overnight they responded by a direct realtime deposit into my account at their own cost which was unexpected and not requested.

I have had a number of queries and asked some searching questions to which I have always received a prompt, polite and satisfactory reply. Their spreads are reasonable and they don't make it difficult to trade profitably.