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.