GO Markets Review

Posted by freeamfva on February 16th, 2023

GO Markets Review

Overall, GO Markets can be seen as a reputable and worthwhile broker that is very competitive in terms of its trading fees (against major currency pairs). The spread is also very low and is considered an average-risk broker. Go Markets offers exceptional client support and has a trust score of 87 out of 99.To get more news about go markets review, you can visit wikifx.com official website.

Who is GO Markets?

According to research in South Africa, GO Markets is based in Australia and was established in 2006. G Markets have offices in Australia, Cyprus, Mauritius, Seychelles, and UAE. As the industry and clients’ expectations keep evolving, GO Markets has positioned itself as a leading and trusted Australian regulated broker, committed to refining its technology and client education to provide tailored services.

 GO Markets currently offers a spread-based and commission-based trading account with more than 600+ tradeable CFD instruments including Forex, Indices and Commodities, and Cryptocurrencies. GO Markets was widely recognized as the first MT4 broker in Australia and has since added MT5, mobile trading, and a web-based platform to its suite of platforms. GO Markets has offices in Melbourne, Australia, London, Taiwan as well as Hong Kong.

Leverage is a facility that enables you to get a much larger exposure to the market you are trading on than the amount you deposited to open the trade. Leveraged products, such as forex trading, magnify your potential profit – but also increase your potential loss.

 Margin is the amount of collateral to cover any credit risks that may arise during your trading operations. It is expressed as the percentage of position size (e.g. 5% or 1%), and you have to have funds in your trading account to ensure sufficient margin.

By default, all GO Markets client accounts are set up for using a leverage rate of 100:1 (1%). According to the account balance, a client may choose a rate from 1:1 (no leverage) to a maximum of 500:1.

 Clients should understand the concept of leverage and how it may impact their trading and carefully consider which leverage rate is appropriate for their needs.

 Traders should also note that certain currencies attract a higher margin rate irrespective of your account leverage. Some currencies may have a fixed leverage rate, while others (such as exotic currencies), may require up to five times the margin rate of a major currency.