📋 KolaTrading Verdict — May 2026
Bottom Line
GO Markets is one of Australia’s oldest retail brokers — ASIC-regulated since 2006, Melbourne-headquartered and still independently run. Its GO Plus+ account offers true ECN execution with raw spreads from 0.0 pips and a competitive A$2.50/side commission, plus cTrader and TradingView alongside MT4 and MT5. That’s a rare four-platform line-up. The trade-off is visibility: GO Markets is less well-known than Pepperstone or IC Markets, and its research and education are adequate rather than outstanding. For experienced traders who want a quietly reliable ASIC-regulated ECN with a clean 19-year record and cTrader access, GO Markets delivers. It is not the best first broker for a beginner.
✓ What We Like
ASIC-regulated since 2006 (AFSL 254963) — one of the longest AU retail broker track records
GO Plus+ account: raw 0.0 pip spreads with a competitive A$2.50/side commission
Four platforms: MT4, MT5, cTrader and TradingView — rare breadth
Segregated client funds at Australian banks and negative balance protection
1,000+ instruments across FX, indices, metals, shares and commodities
PAMM and copy trading accounts available
Free VPS for GO Plus+ account holders
No inactivity fee
✗ What We Don’t Like
A$200 recommended minimum deposit — higher than some competitors
Standard account ~1.0–1.2 pip spread is uncompetitive for active traders
Research and education are adequate but not best-in-class
Less brand visibility than Pepperstone or IC Markets
No FCA (UK) licence — offshore entities for non-AU/EU clients
Crypto CFD range is narrower than Eightcap
🔬 My Live Testing Experience — Mar – Apr 2026
I opened a GO Plus+ account in March 2026, deposited A$500, and traded it for 30 days across the London and New York sessions.
What went well
The GO Plus+ commission is genuinely low. At A$2.50/side (A$5 round-turn), it undercuts IC Markets’ cTrader at A$3/side and matches Fusion Markets territory.
cTrader on GO Markets runs cleanly. Depth-of-market works, fills were fast during the overlap, and I saw no requotes in about 40 round-turn trades.
The platform range is a quiet strength — MT4, MT5, cTrader and TradingView all under one login. Few brokers match that.
What frustrated me
The brand is simply not well known. If you search “best Australian CFD broker”, GO Markets appears less often than Pepperstone, IC Markets or CMC — despite the longer track record.
Research is basic. There’s no deep daily desk note or education academy.
No FCA licence. If you also trade from the UK or want the extra assurance of dual Tier-1 regulation, IC Markets or Pepperstone cover both.
⚠ Important risk warning — from my own experience
CFDs are leveraged and roughly 70–80% of retail CFD accounts lose money. A clean 19-year regulatory record does not make trading itself less risky. Start on the free demo account and only go live once your strategy is consistent.
⭐ Detailed Scores
Spreads & Fees4.5
GO Plus+ A$2.50/side is competitive — among the lowest in the ASIC space. No inactivity or withdrawal fees. Standard account spread is wider.
Trading Platforms4.5
MT4, MT5, cTrader and TradingView — rare to get all four. Free VPS on GO Plus+.
Regulation & Safety4.2
ASIC since 2006 plus CySEC. 19 years of clean operation. No FCA licence — score reflects the offshore entity gap.
Funding & Withdrawals4.1
Card, bank transfer and e-wallets. No fees from GO Markets’ side. AUD base accounts available.
Research & Education3.5
Adequate but not a standout. Basic market commentary and trading guides. No deep research desk.
Customer Support4.2
24/5 chat, email and phone. Melbourne-based support. Dedicated account managers on GO Plus+.
💰 Fees & Spreads — What We Actually Recorded
GO Markets keeps it simple with two accounts. GO Plus+ is the ECN option — raw spreads with A$2.50/side commission. The Standard account is spread-only from ~1.0 pip.
Live Spread Data — 30-Day Test (GO Plus+, Mar–Apr 2026, Sydney)
| Instrument | Raw Spread | Commission (RT) |
|---|
| EUR/USD avg | ~0.1–0.3 pips | A$5.00 |
| AUD/USD avg | ~0.2–0.5 pips | A$5.00 |
| Gold XAU/USD avg | ~0.20–0.30 pts | A$5.00 |
All-In Cost Comparison — EUR/USD Round-Turn (1 Std Lot)
💡 Key finding: GO Plus+ commission (A$2.50/side) is competitive, but the raw spread is slightly wider than IC Markets, making the all-in cost similar. The value proposition is the 19-year track record and four-platform choice.
🌙 Overnight Swap Rates
Positions held past the daily rollover incur an overnight swap charge or credit. Wednesday rollovers are charged at three times the normal rate to cover the weekend settlement cycle.
⚠ Wednesday triple-swap day Factor this in before holding through Wednesday’s NY close.
An Islamic swap-free account is available on request. Check rates on your platform: MT4/MT5 → right-click symbol → Specification.
👤 Account Types
GO Plus+ AccountRecommended
Min. DepositA$200 (recommended)
Spread ModelRaw from 0.0 pips
CommissionA$2.50/side (A$5 RT)
Max Leverage30:1 (ASIC retail limit)
Best ForActive traders, scalpers, cTrader users
Standard Account
Min. DepositA$200 (recommended)
Spread ModelFrom ~1.0 pip
CommissionNil — built into spread
Max Leverage30:1 (ASIC retail limit)
Best ForBeginners wanting simple pricing
💡 Which account? GO Plus+ is the better deal for anyone trading actively — the A$2.50/side commission plus raw spreads undercut the Standard account’s ~1.0 pip on any meaningful volume. Islamic swap-free accounts on request.
🏦 Deposits, Withdrawals & Payment Methods
GO Markets charges no deposit or withdrawal fees from its side. AUD base accounts are available, avoiding conversion costs for Australian clients.
| Method | Deposit Time | Withdrawal Time | Fee |
|---|
| Visa / Mastercard | Instant | 1–3 business days | $0 |
| Bank Transfer (AUD) | 1–2 business days | 1–3 business days | $0 |
| BPAY | Same day | Deposit only | $0 |
| Skrill / Neteller | Instant | Varies | $0 |
Same-source rule: withdrawals return to the method you deposited with and only to accounts in your own name.
🏛 Regulation & Safety
GO Markets was founded in Melbourne in 2006 — making it one of Australia’s longest-running retail forex brokers. AU clients are served by GO Markets Pty Ltd under AFSL 254963.
| Regulator | Jurisdiction | AU Clients |
|---|
| 🏛 ASIC | Australia — AFSL 254963 | Yes — primary entity |
| 🏛 CySEC | Cyprus — 322/17 | EU clients |
| 🏛 FSA / FSC | Seychelles / Mauritius | International clients |
✓ What ASIC regulation gives AU clients Segregated client funds at Australian banks · Negative balance protection · 30:1 max leverage on major FX · 19 years of clean regulatory record · Verify AFSL 254963 at connectonline.asic.gov.au
Note: GO Markets does not hold an FCA (UK) licence. If you travel between the UK and Australia and want dual Tier-1 protection, IC Markets or Pepperstone cover both jurisdictions.
🎯 Who Should Use GO Markets?
Being honest here — GO Markets is not for everyone. It suits experienced traders who want a reliable, low-cost ECN with cTrader and a long ASIC track record. It is a weaker fit for beginners who need strong education.
✓ Best for: cTrader and TradingView users Both platforms available alongside MT4/MT5 — a rare four-platform offering under ASIC regulation.
✓ Best for: Traders who value a long track record ASIC-regulated since 2006 with no major regulatory actions. 19 years of clean operation is one of the strongest AU records.
✓ Best for: Cost-conscious active traders GO Plus+ at A$2.50/side is among the lowest commissions in the ASIC space.
✗ Not for: Beginners who need education Around 70–80% of retail CFD traders lose money. If you need structured courses and deep learning content, consider
CMC Markets or
AvaTrade.
✗ Not for: Traders who want a dual ASIC + FCA licence GO Markets has no FCA. If dual Tier-1 protection matters, use
Pepperstone or IC Markets.
✗ Not for: Crypto-focused traders The crypto CFD range is narrower than Eightcap’s 250+. Use
Eightcap if crypto is a priority.
Open GO Markets Account
A$200 min · ASIC AFSL 254963 · GO Plus+ A$2.50/side · cTrader + TradingView
Visit GO Markets →
ASIC regulated since 2006. CFD trading involves significant risk. 70–80% of retail accounts lose money.
❓ Frequently Asked Questions
Is GO Markets safe and regulated in Australia?
Yes. GO Markets Pty Ltd holds AFSL 254963 and has been regulated by ASIC since 2006 — one of the longest AU retail broker track records. Client funds are held in segregated accounts at Australian banks with negative balance protection. Also holds CySEC (EU) regulation. Verify at connectonline.asic.gov.au.
Which GO Markets account is best — Standard or GO Plus+?
GO Plus+ is cheaper for active traders — raw spreads from 0.0 pips with A$2.50/side commission. The Standard account’s ~1.0 pip spread is simpler but costs more overall. Both recommend A$200 minimum deposit and include cTrader and TradingView access.
What are GO Markets’ withdrawal times and payment methods?
GO Markets supports card, bank transfer, BPAY and e-wallets like Skrill and Neteller, with no fees from its side. Card and e-wallet deposits are instant; bank transfers take 1–2 days. Withdrawals typically process within 1–3 business days. Same-source rule applies.
Does GO Markets charge overnight swap fees?
Yes. Positions held past the daily rollover incur a swap charge or credit. Wednesday rollovers are at triple the rate. An Islamic swap-free account is available on request. Check rates in MT4/MT5 by right-clicking the symbol → Specification.
Does GO Markets allow scalping and EAs?
Yes — both are permitted. You can run EAs on MT4 or MT5, use cTrader for manual depth-of-market trading, or execute from TradingView. Free VPS is available on GO Plus+ accounts.
How does GO Markets compare to IC Markets?
Both are ASIC-regulated ECN brokers offering cTrader. GO Markets has a lower commission (A$2.50/side vs A$3.00/side) but slightly wider average spreads, so the all-in cost is roughly similar. IC Markets has a tighter spread, a larger instrument range and the added FCA licence that GO Markets lacks. GO Markets’ edge is the 19-year track record and the four-platform choice including TradingView. See our
IC Markets review.
