GO Markets offers a good number of account types:
- GO Markets Demo Account
- GO Markets Standard Account
- GO Markets GO Plus+ Account
- GO Markets GO Pro Account
- GO Markets Professional Account
- GO Markets Corporate Account
GO Markets account types: Full list and features
GO Markets doesn’t offer all their clients the same products, depending on your location. For example, clients under ASIC and CySEC find a maximum retail leverage of 1:30 on major forex.
GO Markets Standard account: Best for casual traders
- Availability: Under CySEC, ASIC, SCA, FSC, FSA.
- Markets: Forex, indices, commodities, shares, crypto (600+ assets in total. The number of assets available depends on your location).
- Commissions: You will find spreads from 1 pip; rollover fee if you hold a position overnight.
- Platforms: MetaTrader 4 and MetaTrader 5. Note that the MT5 platform is not available under CySEC regulation.
- Trade size: From 1 micro lot.
- Leverage: Up to 1:30 (CySEC, ASIC); up to 1:500 (FSC); up to 1:300 (FSA); up to 1:50 (SCA).
- Special features: Get a VPS for $10/month (or for free by having a 10 lots volume in one month); dedicated account manager.
- Account opening: GO Markets offers a standard demo. The minimum deposit for a live account starts from $100 depending on your location.
GO Markets Go Plus+ account: Best for algo traders
- Availability: Under CySEC, ASIC, SCA, FSC.
- Markets: Forex, indices, commodities, shares, crypto (600+ assets in total, but availability may depend on your location).
- Commissions: You will get charged spreads from 0 pips plus a commission of $3.00 per side on a standard lot; CFD assets are subject to rollover fees.
- Platforms: MetaTrader 4 and MetaTrader 5. Note that the MT5 platform is not available under CySEC regulation.
- Trade size: From 1 micro lot.
- Leverage: Up to 1:30 (CySEC, ASIC); up to 1:500 (FSC); up to 1:50 (SCA).
- Special features: The VPS and the dedicated account manager are still available.
- Account opening: A Go Plus+ demo account is available to try the service. Depending on your location, a minimum of $200 is required to open a real account.
GO Markets GO Pro account: Best for experienced traders
- Availability: Under FSA.
- Markets: Forex, indices, commodities, shares, crypto (600+ assets in total with availability depending on your location).
- Commissions: Spreads start from 0 pips; a commission of $7 per lot on forex and metals and a commission of $2 per lot on commodities and indices; rollover fee if you hold a position overnight.
- Platforms: MetaTrader 4 and MetaTrader 5.
- Trade size: From 1 micro lot.
- Leverage: Up to 1:300.
- Special features: The VPS and the account manager remain available even for experienced traders.
- Account opening: GO Markets provides a GO Pro demo to its clients. The minimum deposit requested for a live account is $3000.
GO Markets Professional account: Best for high-volume traders
- Availability: Under ASIC.
- Markets: Forex, indices, commodities, shares, crypto (600+ assets in total).
- Commissions: Spreads are available from 0 pips depending on the account choice; a commission of $3.50 AUD depending on the account choice; rollover fee if you hold a position overnight.
- Platforms: MetaTrader 4 and MetaTrader 5.
- Trade size: From 1 micro lot.
- Leverage: Up to 500:1.
- Special features: Higher leverage; negative balance protection up to AUD 100.000; earn rebates depending on the trading volume; dedicated support desk assistance; professional analysis reports.
- Account opening: Open an account with GO Markets and then complete the additional steps to upgrade to a professional one.
GO Markets Corporate account: Best for companies
- Availability: Under ASIC.
- Markets: Forex, indices, commodities, shares (600+ assets in total).
- Commissions: Under this account, you will find spreads from 0 pips depending on the account choice; a commission of $3.50 AUD depending on the account choice; rollover fee if you hold a position overnight.
- Platforms: MetaTrader 4 and MetaTrader 5.
- Trade size: From 1 micro lot.
- Leverage: Up to 1:30.
- Special features: VPS; dedicated account manager. You can choose between a company or trust/superannuation account type.
- Account opening: You must open a standard or plus account first, and then you must contact the broker to change the account status to “corporate”.
What happens to inactive GO Markets trading accounts?
There is an inactivity fee charged depending on which regulation you are trading under.
The amount is charged after 3 months of inactivity and is $15 per month for European clients though it may not be charged to others.
For any other problems regarding account management, contact the GO Markets support team.
To learn more, read our Go Markets review.
