GO MARKETS Spreads, leverage, minimum deposit Revealed

WikiFX | 2021-04-21 14:27

Abstract：Go Markets is a well-known and established forex dealer in the industry with more than ten years' trading experience. The company was established in 2005 and is headquartered in Melbourne, Australia, with branches in many important cities worldwide. Go Markets has been committed to providing clients with a wide selection of online financial products, such as forex, gold, stock index, and crude oil. The company is currently under the supervision of the Australian Securities and Investments Commission (ASIC) (regulation number: 254963) and the Dubai Multi-Commodity Exchange Center (DMCC) (regulation number: 653535).

　　Basic Information & Regulators of Go Markets

　　Go Markets is a well-known and established forex dealer in the industry with more than ten years' trading experience. The company was established in 2005 and is headquartered in Melbourne, Australia, with branches in many important cities worldwide. Go Markets has been committed to providing clients with a wide selection of online financial products, such as forex, gold, stock index, and crude oil. The company is currently under the supervision of the Australian Securities and Investments Commission (ASIC) (regulation number: 254963) and the Dubai Multi-Commodity Exchange Center (DMCC) (regulation number: 653535).

　　Market Instruments

　　The company provides mainstream and popular financial tradable instruments on the global market, mainly forex trandings, stock CFDs, commodities, crude oil, global stock indices, etc.

　　Leverage

　　Forex tradings can enjoy the leverage of up to 1:300, and the maximum leverage of stock CFDs is 1:20. The highest leverage for Gold Price in US dollar is 1:300, and for Silver Price in US dollar is 1:50. The highest trading leverage for crude oil is 1:50. The spot indices; leverage varies from 1:100 to 1:200, and the leverage of the futures indices varies from 1:20-1:100. The company provides two types of accounts for investors with different trading experience and investment preferences: Standard Accounts and Low-Spread Accounts. The maximum leverage of both accounts is 1:300, and the minimum deposit is US$500.

　　Spreads & Commission Fees

　　There are no commissions for foreign exchange transactions, only spread fees. The main spreads for standard accounts are EuURUSD 1.6, Gold 4.0. gold, silver, and crude oil tradings do not charge commissions, and indices trading charges a fee of US$ 2 per standard lot. The main spreads for low-spread accounts are 0 pips for EUR/USD, 1.0 for gold, a fee of 7 dollars per standard lot for forex, 7 dollars per standard lot for gold and silver, and 2 dollars per standard lot for crude oil and index transactions.

　　Trading Platform Applied of Go Markets

　　The trading platform provided by the company is the MT4 desktop version & mobile version, MT5 desktop version & mobile version. MT4 is the most popular online trading terminal globally, and it is an important trading tool for investors in all online financial markets. Using GO Markets' high-quality transaction execution and the most competitive spread quotation, investors can directly trade more than 90 foreign exchange and CFD products on the MT4 trading platform with the international market. Compared with MetaTrader 4, MetaTrader 5, which is further optimized and upgraded, is a diversified financial market trading platform that provides excellent trading possibilities and technical analysis tools and allows the use of automated trading systems for automatic trading and copy trading. Millions of users worldwide have chosen to use the MetaTrader 5 trading platform.

　　Deposit & Withdrawal

　　The deposit and withdrawal methods support UnionPay and wire transfer. There is no handling fee for deposits, and withdrawals of less than USD 100 will incur a bank handling fee of USD 5 per trade. Withdrawals above $100 are free. According to the anti-money laundering policy, withdrawals from accounts without any transactions require an additional 2.5% handling fee.