GOMarkets

  • Name:GOMarkets
  • Website:http://www.gomarketsaus.com/
  • Location:Melbourne, London
  • Found in:2008
  • Regulation Authority:ASIC (Australia), FCA license
Editorial Rating:
2.68
Accept US Traders:
No

GoMarketAus.com

Established in 2008 and based in both the Netherlands and Australia, GoMarkets is a Forex broker that provides multi-bank liquidity and two trading accounts aimed at both ends of the trading spectrum.

Regulated by the Australian Securities and Investments Commission, GoMarkets online platform gives users the ability to hold accounts in a range of currencies, including: Australian Dollars, Euros, Great British Pounds, New Zealand Dollars and US Dollars.

This monetary flexibility is great for international traders because it allows them to trade in a base currency that’s closest to their own. Having this luxury is great for reducing costs because it removes the need for multiple currency conversions which can lead to unnecessary charges.

Standing as a testament to GoMarkets’ FX brokerage is a trio of awards for excellence. Indeed, since 2010 GoMarkets has won a blue ribbon by the financial review, been named the Best FX Broker in Oceania in 2010 and come out as Australia’s top Forex Broker in 2011.

GoMarketAus.com’s Special FX:

A seven-step training programme will certainly be the main thing piques novice traders’ interests. Covering the fundamental aspects of currency exchange trading, the course has the following structure:

Basic Forex Theory, Forex Trading Basics, How to Read Charts, Interpreting Charts, When to Buy and Sell, Managing Risk and Trading Psychology.

Beyond its provisions for education, GoMarkets has implemented Price Improvement Technology into its platform. This software allows traders to get the very best prices without having to adjust their trading strategies.

The way the technology works is simple: If the bid price on the currency pair AUD/USD is .9035 when a user executes a sell order, but the price improves to .9036 (one pip improvement) during the time it takes for the trade to be completed, the final price will be set at the better rate of.9036.

Ensuring that processing times don’t affect a client’s moneymaking potential is something that few brokers can offer and something that makes GoMarkets.com standout from the crowd.

The Essentials:

GoMarkets has two major FX accounts and each gives clients the choice to trade through MetaTrader 4 or MetaTrader 5. Indeed, whether a trader is a novice or experienced the following conditions will give them the best possible chance of making money:

Learner Account:
Minimum account size = $500
Maximum account size = $1,000
Minimum position size = 0.001 lot
Variable spreads typically from 1.5 pips with a minimum of 0.5 pips on major currency pairs.
Expert Advisors are allowed on this account.
Leverage = 1:500
Digits quoted after the comma = 5
Number of currency pairs available = 25 (including 1 exotic)

Standard Account:
Minimum account size = $500
Minimum position size = 0.01 lot
Variable spreads typically from 1.5 pips with a minimum of 0.5 pips on major currency pairs.
Expert Advisors are allowed on this account.
Leverage = 1:500
Digits quoted after the comma = 5
Number of currency pairs available = 25 (including 1 exotic)

Risk Disclosure: fxBrokerSearch.com will not be held liable for any financial loss or damage caused by users acting upon any information contained within this website, not limited to and including: all numerical data, quotes, charts and buy/sell signals. Moreover, please be advised that Forex trading is one of the most volatile investment forms in the world and all trades should be placed with full consideration of the risks and costs.

fxBrokerSearch.com does not support nor encourage the execution of any investments. Trading with a margin is high risk endeavour and not suitable for everyone, therefore, each investor should carefully consider all relevant trading conditions, such as experience, risk and cost, before taking part in any type of trading, including Forex.

While every effort has been made to ensure all our data is as accurate as possible, fxBrokerSearch.com cannot be held responsible for any prices that are not in line with real-time data. Indeed, the currency exchange market is constantly changing and all CFDs (stocks, indexes, futures) and Forex prices are set by market makers.

This means advertised prices may not be accurate and could differ from the actual market conditions. For this reason it is not appropriate to rely on any data presented by fxBrokerSearch.com for the purposes of trading.

Based on these conditions, fxBrokerSearch.com will not be held responsible for any losses incurred through trades conducted in light of data presented on this site.