GO Markets Review
GO Markets in a nutshell
GO Markets is a multi-regulated broker with a low FXCanary Scam Risk Score of 8/100, indicating a generally reliable profile. However, the broker operates under multiple entities with varying regulatory protections; traders should ensure they are aware of which entity services their account and the associated rights. The lack of publicly available detailed terms (spreads, commissions, etc.) and the discrepancy between the claimed founding year and registration date warrant cautious due diligence. Overall, the broker appears legitimate but traders must verify conditions based on their jurisdiction.
FXCanary rates GO Markets at 8/100 scam risk (Low risk), based on regulation & licensing, fund-safety signals, company transparency, complaint history and real user feedback.
See the open scoring breakdown →
Pros
- Traders seeking a multi-asset broker with MT4, MT5, and cTrader platforms
- Those who value educational resources and webinars
- International clients comfortable trading under an FSA-regulated entity
Cons
- EU retail traders requiring negative balance protection under ESMA rules
- Traders looking for a pure Australian-regulated experience (ASIC leverage limits apply)
- Those who prefer a simple, low-leverage trading environment
Regulation & licenses
Every licence on file for GO Markets, as cross-checked by FXCanary against public regulatory registries.
| Regulator | Type | Licence no. | Status | Country |
|---|---|---|---|---|
| ASIC | Market Making License (MM) | 254963 | Regulated | Australia |
| CYSEC | Market Making License (MM) | 322/17 | Regulated | Cyprus |
| FSA | Derivatives Trading License (EP) | SD043 | Regulated | Seychelles |
Account types & conditions
Account tiers and trading conditions on record for GO Markets.
| Account | Min. deposit | Max. leverage | Min. spread | Commission |
|---|---|---|---|---|
| GO Plus + | -- | 1:500 | from 0.0 | $2.50 commission per side on FX standard lot |
| Standard | -- | 1:500 | from 0.8 | $0.00 |
GO Markets is a forex and CFD broker based in Australia, with records dating to 2017-09-07. It reports oversight from ASIC, CYSEC, FSA.
FXCanary’s verdict is “Low risk.” On balance the regulatory footprint and real-user feedback are reassuring, though no broker is risk-free.
On Trustpilot, GO Markets holds a real-user score of 4.2/5 across 724 reviews.
Finally, beware of impersonation: we tracked 13 clone website(s) copying GO Markets. Always reach the broker through its verified official domain, never via links in ads or messages.
What real traders report
Aggregated from 957 independent reviews across Trustpilot and Forex Peace Army.
- Little positive feedback on record
- Deposits & funding · 1 mentions
- Trust & reliability · 1 mentions
Scam-risk findings
- Authorised by Tier-1 regulator(s): ASIC, CYSEC, FSA
Our scoring method is published in full and weighs regulation, fund safety, company age, clone reports, complaints and independent reviews. FXCanary takes no payment from any broker it rates.