GO Markets Minimum Deposit Guide (2022)

logomark Luca Puddu calendar Last Updated: January 2022 timer 6 min read

So, are you trading, or thinking of trading with GO Markets? Excellent.

One of the first things you will want to know about is the GO Markets minimum deposit. That and how to make your first deposit are key.

Our GO Markets review covers every aspect of the broker in detail, but here we hone in on the minimum deposit, and how to fund your account with an easy, step-by-step guide.

Let’s take a closer look.

Table of contents

What is the GO Markets Minimum Deposit?

GO Markets minimum deposit starts from $100, but it can be higher depending on the account type chosen and on your location. There are different ways to deposit and withdraw the funds in or from your account: Bank wires, credit/debit cards, and different e-wallets depending on your location like Skrill, Neteller, and FasaPay.

Go Markets minimum deposit Features
Minimum deposit $100
Deposit fees No
Withdrawals fees No
Base currencies AUD, USD, EUR, GBP, NZD, CAD, SGD, CHF, HKD, PLN

Visit GO Markets to get a full overview of the broker (50% of retail CFD accounts lose money).

GO Markets Deposit Bonus and Promotions

If you are trading with GO Markets under FSC regulation then you will be able to access their refer to a friend program. With this program, the clients referred must be new, and you can earn from $300 to $5,000 depending on the number.

This cash bonus will be deposited to your account once you reach the minimum number of new clients required to get the bonus, and such traders reach the minimum trading volume required. This is 3 forex or metal lots per client traded.

If you are using the broker under UAE SCA regulation, then there is a special discount in place for new traders. Each month, you are eligible for a discount by meeting the minimum monthly criteria depending on the asset. For forex and metals, this is a trading volume of $25 million for example.

GO Markets Minimum Deposit vs. Other Brokers

The table below helps you compare the GO Markets minimum deposit with that of other brokers as well as more key points.

Features GO Markets Pepperstone TickMill
Minimum deposit $100 $0 $100
Bank wire Yes Yes Yes
Credit/Debit cards Yes Yes Yes
PayPal No Yes Yes
Deposit methods 10 9 12
Base currencies AUD, USD, EUR, GBP, NZD, CAD, SGD, CHF, HKD, PLN, AED USD, EUR, GBP, NZD, AUD, CHF, HKD, JPY, CAD, SGD EUR, GBP, USD, PLN

WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs.
You should consider whether you can afford to take the high risk of losing your money

).

Feel free to read our GO Markets demo guide for more information about it.

2. Choose the Account Type You Wish to Open

Once you are ready to open a live account you can do so directly through the website of the broker. The second step is you will need to choose your account type.

The best resource to check for making an ideal choice on this is our GO Markets account types guide.

3. Verify Your Identity with the Broker

One of the key things you must do when opening your broker account and before making a deposit is to verify your account. You will need an ID or preferably a passport to prove your identity, and a bank statement or utility bill to prove your address. These can be quickly uploaded for fast verification.

4. Choose Your Preferred Deposit Method

With your account verified, you will be ready to make your first deposit. You can select from making a bank wire, credit/debit cards, and different e-wallets, such as Skrill, Neteller, and more options we will detail below.

5. Wait for the Deposit to be Processed

Once you have deposited into your account, processing should be quite fast. Typically, this is as soon as one day but it will depend on the method you use.

GO Markets Payment Methods

As mentioned above, there are several ways to make your deposit. GO Markets accepts bank wire transfers, credit/debit cards that are Visa or Mastercard, and several e-wallets including Skrill, Neteller, FasaPay, BPAY, Poli, DotPay, and Checkout.com. These will depend on your location with the processing time often being instant.

The only exceptions on processing times are BPAY (1-2 business days) and checkout.com and wire bank transfers (both 1-3 business days). If you are making a withdrawal, that can take between 2-5 business days to reach your bank account again depending on the method.

Deposit Fees

There are no deposit fees charged by the broker. The only one you may encounter is a conversion fee if you deposit a non-base currency. It is possible that your bank or e-wallet provider may also charge you a fee, so it’s best you check with them first.

Withdrawal Fees

As with deposits, there are no withdrawal fees charged from the broker side, with the exception of if there is a conversion fee for non-base currency. Again, your bank or e-wallet provider can have their own fees that you should confirm first.

GO Markets Accepted Base Currencies

Your account base currency is that with which you decide to open your account, and typically the currency you deposit and withdraw in. Using another currency may incur a small conversion fee as already mentioned.

The broker supports AUD, USD, EUR, GBP, NZD, CAD, SGD, CHF, HKD, AED, and PLN all as base currencies depending on your location. Under CySEC regulation, you can choose between USD, EUR, and PLN as a base currency.

GO Markets Minimum Deposit Pros and Cons

Pros

  • The broker has a very low minimum deposit
  • No fees are charged on withdrawals or deposits
  • There is a good range of payment methods available
  • A good number of base currencies are offered

Cons

  • Base currencies and payment methods depend on your location
  • The minimum deposit under SVG and FSA regulation increases to $500

GO Markets Minimum Deposit FAQs

How do I make a deposit and withdrawal with GO Markets?

You have different methods to choose from including bank wire transfers, credit/debit cards, and several e-wallets like Skrill, Neteller, FasaPay, DotPay, BPAY, checkout.com, and Poli. The availability depends on your location with not every method being available to every client.


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50% of retail CFD accounts lose money

About the Author

Luca Puddu

Broker Expert

Always full of different interests, Luca started to get interested in the field of personal finance in 2014.

His self-taught studies led him year by year to become increasingly interested in the investment field.

To date, Luca actively invests in the stock market and cryptocurrencies, focusing on rising markets and the industries of the future.

His main role at InvestinGoal.com is to analyze and study in the smallest detail the brokers and their platforms, while checking carefully that the information shown by them is genuine.

In this way, he provides readers with a complete and truthful overview of the broker they might be interested in.


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