Go Markets review

GO Markets Review

Overall, GO Markets is considered low-risk, with an overall Trust Score of 98 out of 100. GO Markets is licensed by one Tier-1 Regulator (high trust), one Tier-2 Regulator (average trust), and two Tier-3 Regulators (low trust). GO Markets offers two different retail trading accounts namely a Standard Account and a GO+ Account. GO Markets is currently not regulated by the CMA of Uganda

Updated : July 7, 2022

Jump to:

Regulation and Safety of Funds

Account Types and Features

Account Registration

Trading Platforms

Range of Markets

Fees

Deposits and Withdrawals

Education and Research

Affiliate Program

Final Verdict

Pros and Cons

FAQ

Overall Rating

Min Deposit

USD 200 / 490,000 UGX

Regulators

ASIC, CySec, FSC, FSA and SCA

Trading Desk

Hybrid

Crypto

Yes

Total Pairs

60

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

GO Markets Overview

GO Markets Review Overview Uganda

 

👉 GO Markets accepts Uganda clients and has an average spread from 0.0 pips with US$5 commission round turn/US$2.5 per side. GO Markets has a maximum leverage ratio up to 1:500 and there is a demo account but no Islamic Account. MT4 and MT5 platforms are supported. GO Markets is headquartered in Australia and regulated by ASIC, FSA Seychelles, FSC Mauritius, and CySEC.

 

👉 The award-winning GO Markets was established in 2006 in Australia and has offshore offices in Mauritius, Cyprus, and Seychelles. You can trade forex in over 50 currency pairs and CFDs in over 600 products, including commodities, indices, metals, and individual shares, through the award-winning GO Markets.

 

👉 GO Markets was the first Australian broker to use MT4, and it also supports the MT5 platform, which offers broader support for trading CFDs in markets other than FX. GO Markets provides customers with the option to trade using either a commission-based GO Plus+ account or a spread-based Standard account.

 

👉 Ugandan traders can also test out the services that GO Markets provides by signing up for a free demo account. Individuals from more than 175 countries across the globe may register a trading account with GO Markets, even though the broker does not accept customers from the United States or Canada as clients.

 

👉 By providing support for the AutoTrade function of Myfxbook, GO Markets gives its customers access to social and copy trading. GO Markets also provides clients with access to premium services such as MT4 and MT5 Genesis, AutoChartist, a-Quant, Trading Central, and a virtual private server (VPS) service for MT4/5.

 

👉 This GO Markets review for Uganda will provide local retail traders with the details that they need to consider whether GO Markets is suited to their unique trading objectives and needs.

 

GO Markets Distribution of Traders

GO Markets Review Distribution of Traders Uganda

 

👉 GO Markets currently has the largest market share in these countries:

➡️️​ Australia – 31.5%

➡️️​ Philippines – 9.5%

➡️️​ United Kingdom – 6.8%

➡️️​ Vietnam – 5.6%

➡️️​ Brazil – 5.3%

 

Popularity among traders who choose GO Markets

🥇 GO Markets is a safe and well-regulated CFD and Forex broker that serves global clients. While GO Markets does not occupy a large market share in Uganda, the broker is still suited for Ugandan traders, making it one of the Top 50 brokers for the region.

 

 

GO Markets At a Glance

🏛 HeadquarteredAustralia
🏙 Local office in Kampala?No
✅ Accepts Uganda traders?Yes
🗓 Year Founded2006
📞 Uganda Office Contact NumberNone
🤳 Social Media Platforms• Facebook
• Twitter
• LinkedIn
• YouTube
• Instagram
⚖️ RegulationASIC, FSA Seychelles, FSC Mauritius, CySEC
🪪 License Number• Australia – ABN 24 653 400 527, AFSL 254963
• Seychelles – SD043
• Mauritius – GB 19024896
• Cyprus – 322/17
⚖️ CMA Uganda RegulationNo
🚫 Regional RestrictionsUSA, Canada, New Zealand, Belgium, Japan, Israel, Turkey, Vietnam, Puerto Rico, Afghanistan, Azerbaijan, Bosnia and Herzegovina, Burundi, Central African Rep, Congo, Cote D’Ivoire , Ethiopia, Eritrea, Egypt, Gaza Strip, Haiti, Iran, Iraq, Lebanon, Libya, Myanmar, North Korea, Pakistan, Serbia, Sierra Leone, Somalia, Sri Lanka, Sudan, South Sudan, Syria, Trinidad and Tobago, Tunisia, West Bank, Ukraine, Vanuatu, Venezuela, Yemen, Zimbabwe.
☪️ Islamic AccountNo
💻 Demo AccountYes
🛍 Retail Investor Accounts2
📊 PAMM AccountsNo
🤝 Liquidity ProvidersOver 22 liquidity providers
💸 Affiliate ProgramYes
📲 Order ExecutionInstant
📊 Average spreadFrom 0.0 pips
📞 Margin Call80%
🛑 Stop-Out50%
✅ Crypto trading offered?0.01 lots
💰 Offers a UGX Account?No
👨‍💻 Dedicated Uganda Account Manager?No
📊 Maximum Leverage1:500
🚫 Leverage Restrictions for Uganda?None
💰 Minimum Deposit 490,000 UGX equivalent to AU$200
✅ Uganda Shilling Deposits Allowed?No
📊 Active Uganda Trader Stats100,000+
👥 Active Uganda-based GO Markets customersUnknown
💳 Uganda Daily Forex TurnoverUnknown, overall Forex Daily Trading Volume is over $6.6 Trillion
💵 Deposit and Withdrawal Options• Credit Card
• Debit Card
• Skrill
• Neteller
• Bank Wire Transfer
• Fasapay
🏦 Segregated Accounts with Uganda Banks?No
📊 Trading Platforms• MetaTrader 4
• MetaTrader 5
✔️ Tradable Assets• Forex CFDs
• Share CFDs
• Index CFDs
• Metal CFDs
• Commodity CFDs
💸 Offers USD/UGX currency pair?No
📈 USD/UGX Average SpreadN/A
📉 Offers Uganda Stocks and CFDsNone
🗣 Languages supported on WebsiteEnglish, Spanish, Italian, Portuguese, Arabic, Indonesian, Thai
📞 Customer Support LanguagesMultilingual
⏰ Customer Service Hours24/5
👥 Uganda-based customer support?No
✅ Bonuses and Promotions for Uganda tradersNone
📚 Education for Uganda beginner tradersYes
📱 Proprietary trading softwareNo
💰 Most Successful Ugandan TraderUnknown
✅ Is GO Markets a safe broker for Ugandans?Yes
📊 Rating for GO Markets Uganda8/10
🤝 Trust score for GO Markets Uganda98%
👉 Open an account👉 Open Account

GO Markets Regulation and Safety of Funds

GO Markets Review Regulation of Funds Uganda

 

GO Markets Regulation in Uganda

👉 GO Markets is not locally regulated or authorized by the Bank of Uganda.

 

GO Markets Global Regulations

👉 GO Markets is regulated and licensed as follows:

➡️ Australia – GO Markets Securities Pty Ltd is registered as an Australian Private Company under ABN 24 653 400 5277, receiving licensing in September 2021. In addition, GO Markets Pty Ltd has an Australian Financial Services License under AFSL 254963, providing the broker with the necessary authorization to provide financial services.

➡️ Seychelles – GO Markets International Ltd is registered as a securities dealer in Seychelles.

➡️ Mauritius – GO Markets Pty Ltd (MU) is registered in Mauritius with FSC number GB 19024896.

➡️ Cyprus – GO Markets Ltd is registered in Limassol as an Investment Services entity under the license number 322/17.

 

GO Markets Client Fund Security and Safety Features

👉 Tight regulations and a compliance management system must be adhered to by all parties. Subsequently, Ugandan traders can know that they are working with a reputable broker because of such tight controls.

 

👉 With many client accounts in various currencies at top-tier institutions, Go Markets’ customers can rest assured that their money is safe and secure with them. Customers’ money is kept separate from corporate money and cannot be utilized for any other reason, such as business operating expenditures, attributable to this segregation.

 

👉 In addition, Ugandan traders can visit the official GO Markets website to find a plethora of legal documents which is an invaluable resource for anybody considering trading with a broker for the first time.

 

GO Markets Awards and Recognition

👉 GO Markets has, since its inception, won numerous industry awards for Best Customer Service in 2019 (awarded by Investment Trends), and the Best Educational Materials and Programs in 2019, which was also awarded to GO Markets by Investment Trends.

GO Markets Account Types and Features

GO Markets Account Types and Features Uganda

 

👉 At GO Markets, Ugandans may open basic trading accounts. No matter how accomplished or inexperienced a trader is, there is no one-size-fits-all trading technique. The live trading accounts that are available include:

➡️ Standard Account

➡️ GO+ Account

 

GO Markets Live Trading Accounts

Standard Account

GO Markets Review Standard Account Uganda

 

👉 Go Markets’ Standard Account for Ugandan traders gives them a broad selection of asset classes and over 350 trading items. Furthermore, this account has no costs for Ugandan traders, and more than 22 liquidity providers are offering low spreads on their trading pairs.

Account FeatureValue
💰 Minimum Deposit490,000 UGX equivalent to AU$200
👥 Access to an Account ManagerYes
💸 Commission ChargesNone
📊 Average SpreadVariable, from 1 pip
✔️ Markets Offered

50+ FX Pairs, Shares, Indices, Commodities & Cryptocurrencies
📈 Maximum Leverage offered1:500
🔧 Access to Trading ToolsYes
💵 Base Account CurrenciesAUD, USD, EUR, GBP, NZD, CAD, SGD, CHF, HKD
📞 Expert AdvisorsYes
✔️ Scalping Allowed?Yes
🆓 Free VPS offered?Yes

 

GO+ Account

GO Markets Review GO+ Account Uganda

 

👉 With its industry-lowest spreads, this account is perfect for both high-volume traders and trading bots. The following features are available to traders:

Account FeatureValue
💰 Minimum Deposit490,000 UGX equivalent to AU$200
👥 Access to an Account ManagerYes
💸 Commission ChargesAU$3 per side on a standard lot
📊 Average SpreadVariable, from 0.0 pips
✔️ Markets Offered

50+ FX Pairs, Shares, Indices, Commodities & Cryptocurrencies
📈 Maximum Leverage offered1:500
🔧 Access to Trading ToolsYes
💵 Base Account CurrenciesAUD, USD, EUR, GBP, NZD, CAD, SGD, CHF, HKD
📞 Expert AdvisorsYes
✔️ Scalping Allowed?Yes
🆓 Free VPS offered?Yes

 

GO Markets Demo Account

GO Markets Review Demo Account Uganda

 

👉 A demo account is a practice account that offers traders a certain amount of virtual funds that they can use, allowing them to enter the live market without risking their capital. 

 

👉 There is a certain degree of risk involved when trading financial markets and GO Markets offers its clients a risk-free platform where they can test strategies, practice trading, and explore what the broker offers in a safe trading environment with real market conditions.

 

👉 It takes just a few minutes to set up a demo account, and the whole process is automated. Both MetaTrader 4 and 5 include demo trading accounts for testing and practice.

 

👉 For traders to make an educated choice, GO Markets provides a risk-free environment in which they may study the broker’s services and test out the trading platforms. Traders are advised to try out the platform’s unique features and capabilities before opting to register a genuine trading account.

 

👉 Two of the most prominent trading platforms in use today, MetaTrader 4 and MetaTrader 5, may be utilized for both practice trades and actual transactions. Both platforms provide a large variety of tools and charts to pick from when it comes to customizing their features.

 

GO Markets Islamic Account

👉 Depending on the trading style and the trading strategy of the forex trader, they may keep their trading positions open for longer than 24 hours on a trading day.

 

👉 This means that the trader could incur an overnight or rollover fee. This is a type of interest that is prohibited by Riba principles of Sharia law, which means that Muslim traders are often restricted in forex trading.

 

👉 GO Markets does not currently offer an Islamic account for Muslim traders. This means that Muslim traders must ensure that they close their open positions before the trading day ends.

How to open an Account with GO Markets

👉 To register an account with GO Markets, Ugandan traders can follow these steps:

 

👉 Step 1 – Go to The Official Website

➡️ Go to the official GO Markets website and click on “Open Live Account”. 

GO Markets Review How to Open An Account Step 1

 

👉 Step 2 – Fill Out Your Details

➡️ Fill out your personal information such as your country of residence, first and last name, email address, and create a password for your account. 

GO Markets Review How to Open An Account Step 2

Overall Rating

Min Deposit

USD 200 / 490,000 UGX

Regulators

ASIC, CySec, FSC, FSA and SCA

Trading Desk

Hybrid

Crypto

Yes

Total Pairs

60

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

GO Markets Vs BDSwiss Vs Fidelity Investments – Broker Comparison

GO MarketsBDSwissFidelity Investments
⚖️ RegulationASIC, FSA Seychelles, FSC Mauritius, CySEC

CySEC, FSC, BaFIN, FSAFINRA, SEC
📱 Trading Platform• MetaTrader 4
• MetaTrader 5
• MetaTrader 4
• MetaTrader 5
• BDSwiss Mobile
• BDSwiss Web
• Active Trader Pro
• Fidelity Mobile
💰 Withdrawal FeeNoYes, <100 eur withdrawals
No
📊 Demo AccountYesYesYes
📈 Minimum Deposit490,000 UGX375,000 UGX3,302 UGX
📈 LeverageUp to 1:500Up to 1:10001:1
📊 SpreadFrom 0.0 pipsFrom 0.3 pipsNone
💰 CommissionsFrom US$2.50$2 to $5$0 to $0.03
✴️ Margin Call/Stop-Out80%/50%50%/20%None
✴️ Order ExecutionInstantMarket/InstantNone
💳 No-Deposit BonusNoNoNo
📊 Cent AccountsNoIn ProgressNo
📈 Account Types• Standard Account
• GO+ Account
• Classic Account
• Premium Account
• VIP Account
• RAW Account
• Brokerage Account
• Cash Management Account
• Brokerage and Cash Management
• The Fidelity Account for Businesses
• Fidelity Go, and several others
⚖️ CMA RegulationNoNoNo
💳 UGX DepositsNoNoNo
📊 Uganda Shilling AccountNoNoNo
👥 Customer Service Hours24/524/524/7
📊 Retail Investor Accounts2415
☪️ Islamic AccountNoYesNo
📉 Minimum Trade Size0.01 lots0.01 lots0.01 lots
📈 Maximum Trade Size250 lots1,000 lots4x maintenance margin excess

GO Markets Trading Platforms

GO Markets Review Trading Platforms Uganda

 

👉 GO Markets offers Ugandan traders a choice between these trading platforms:

➡️ MetaTrader 4 Desktop

➡️ MetaTrader 5 Desktop

 

Desktop Platforms

GO Markets Review Desktop Platforms Uganda

 

➡️ MetaTrader 4 Desktop

➡️ MetaTrader 5 Desktop

 

MetaTrader 4

👉 Millions of traders throughout the world use MT4 as their primary trading platform. Because of its simple and pleasant design, the platform is attractive to traders of all levels, regardless of their experience.

 

👉 From as early as 2006, GO Markets was among the first online brokers to provide MetaTrader 4 (MT4) to Australia. Since then, several MT4 tools, such as MT4 Genesis, have been introduced to further enhance the platform.

 

👉 It contains a wide range of features that provide for a simple and comfortable trading environment, with built-in tools that assist to increase trade efficiency.

 

MetaTrader 5

👉 In addition to a depth of market (DOM) and an order and transaction accounting system, the MT5 platform offers a robust trading platform. In addition to classic netting, it also supports the hedging option mechanism.

 

👉 Instant, Request, Market and Exchange order execution modalities are provided to satisfy a variety of trading goals. All sorts of trading orders are supported by MT5 including Market, pending, stop, and trailing stop orders.

 

WebTrader Platforms

GO Markets Review WebTrader Platforms Uganda

 

➡️ MetaTrader 4 Desktop

➡️ MetaTrader 5 Desktop

 

MetaTrader 4

👉 Most recent web browsers can run the web platform without the requirement for any extra software to execute. MetaTrader 4’s features include:

➡️ Instant quotations on a wide range of financial instruments.

➡️ Trading numerous marketplaces at the same time.

➡️ Multiple chart timeframes.

➡️ One-click trading with many order types and alerts through SMS and email.

➡️ Automated trading with the use of expert advisers (EAs).

➡️ Backtesting EAs on historical data using a strategy tester.

➡️ For chart analysis, there are several built-in technical indicators and graphical elements.

➡️ Indicator and EA MetaEditor for MQL programming language.

➡️ Community and marketplace for MQL products may be accessed directly from the platform.

 

👉 In addition, if you are just getting started with MT4, GO Markets has a variety of instructions and videos that can get you up and running. Tutorials include a wide range of subjects, from platform features and tools to functionality and user experience.

 

MetaTrader 5

👉 MT5 is a multi-functional, sleek, and user-friendly platform. It is the successor to MT4 that preserves most of the essential features with some extra capabilities for extensive price analysis, automatic trading, and copy trading.

 

👉 When it comes to market analysis, the built-in analytical features of MT5 are excellent. There are no limits on the number of open charts that it can handle. When it comes to chart analysis, there are 21 periods to choose from (compared to MT4’s 9 timeframes).

 

👉 You get access to more than 80+ technical indicators and analytical tools. The MQL marketplace also provides access to hundreds of other tools, such as custom indicators, EAs, and signals.

 

Trading App

GO Markets Review Trading Platforms Uganda

 

➡️ MetaTrader 4

➡️ MetaTrader 5

 

MetaTrader 4 and 5

👉 Trades may be made on the go using GO Markets’ mobile trading platforms, which can be accessed through an Android or iPhone compatible MetaTrader app. Traders may use MT4 and MT5 for Mobile to trade Forex, indices, commodities, and more.

 

👉 The MT4 and MT5 mobile apps make it possible for Ugandans to trade at any time, from any location, using a range of trading apps. Ugandans can also:

➡️ View comprehensive trade execution speed and real-time quotes.

➡️ Manage, execute, and conclude transactions.

➡️ Access than 25 technical indicators.

➡️ Make use of a comprehensive economic calendar.

 

GO Markets Range of Markets

GO Markets Review Range of Markets Uganda

 

👉 Ugandan traders can expect the following range of markets from GO Markets:

➡️ Forex CFDs

➡️ Share CFDs

➡️ Index CFDs

➡️ Metal CFDs

➡️ Commodity CFDs

Broker Comparison for Range of Markets

GO MarketsBDSwissFidelity Investments
➡️️​ ForexYesYesNo
➡️️​ Precious MetalsYesYesNo
➡️️​ ETFsNoNoYes
➡️️​ CFDsYesYesNo
➡️️​ IndicesYesYesNo
➡️️​ StocksYesYesYes
➡️️​ CryptocurrencyNoYesNo
➡️️​ OptionsNoNoYes
➡️️​ EnergiesYesYesNo
➡️️​ BondsNoNoYes

GO Markets Trading and Non-Trading Fees

Spreads

GO Markets Review Spreads Uganda

 

👉 The average spreads that traders might anticipate from GO Markets are as follows:

➡️ AUD/USD – From 0.1 pips

➡️ USD/CAD – From 0.2 pips

➡️ EUR/USD – From as low as 0.0 pips with an average of 0.1 pips

➡️ USD/JPY – From 0.2 pips

➡️ USD/CHF – from 0.3 pips

➡️ GBP/USD – from 0.2 pips

 

Commissions

GO Markets Review Commissions Uganda

 

👉 There are no commission fees for the Standard account, but the following fees are applied to the GO+ account depending on the base currency selections as follows:

➡️ Australian Dollar (AUD) – AU$3.00

➡️ Euro (EUR) – €2.00

➡️ Great British Pound (GBP) – £2.00

➡️ New Zealand Dollar (NZD) – NZ$3.50

➡️ United States Dollar (USD) – US$2.50

➡️ Singapore Dollar (SGD) – SG$3.50

➡️ Swiss Franc (CHF) – FR$2.50

➡️ Canadian Dollar (CAD) – CA$3.00

➡️ Hong Kong Dollar (HKD) – HK$20

 

Overnight Fees, Rollovers, or Swaps

GO Markets Review Overnight Fees Uganda

 

👉 Ugandan traders who hold positions open for longer than 24 hours can expect overnight fees. Whether they are deducted or refunded will depend on the position that the trader holds (whether long or short). In addition, the fees are determined by interbank rates, the financial instrument, position size, and how long the position is held.

 

👉 Some typical overnight fees that Ugandan traders can expect from GO Markets are as follows:

➡️ EUR/CHF – -0.178 short swap and -0.073 long swap

➡️ EUR/USD – 0.085 short swap and -0.378 long swap

 

Deposit and Withdrawal Fees

👉 There are no deposit or withdrawal fees charged by GO Markets. However, Ugandan traders can expect some processing fees from their payment provider depending on the deposit/withdrawal method they use.

 

Inactivity Fees

👉 GO Markets does not charge any fees or penalties when a live trading account becomes dormant after an extended period.

 

Currency Conversion Fees

👉 If Ugandans deposit or withdraw funds with GO Markets in any currency other than their set base account currency, they will face currency conversion fees.

GO Markets Deposits and Withdrawals

GO Markets Review Deposits And Withdrawals Uganda

 

👉 GO Markets offers the following deposit and withdrawal methods:

➡️ Credit Card

➡️ Debit Card

➡️ Skrill

➡️ Neteller

➡️ Bank Wire Transfer

➡️ Fasapay

 

How to Deposit Funds with GO Markets

👉 To deposit funds to an account with GO Markets, Ugandan traders can follow these steps:

➡️ To deposit cash Traders from Uganda can log in to the GO Markets Client Portal.

➡️ From here, they can choose a preferred deposit option.

➡️ Next, traders can choose their chosen deposit method and provide the amount that they want to deposit.

➡️ Lastly, traders can follow any additional instructions that are required by their payment provider to confirm and finalize the deposit.

 

GO Markets Fund Withdrawal Process

👉 When you want to cash out your GO Markets trading account, the process is extremely simple. The secure Client Portal allows you to make withdrawal requests at any time, and you can follow these steps:

➡️ Log into the Client Portal and choose “Withdrawal” to begin the withdrawal process.

➡️ Click “Confirm” once you have selected your chosen method and entered the desired withdrawal amount.

 

👉 Traders must note that GO Markets will process the withdrawal request within one or two business days upon receipt of the request.

GO Markets Education and Research

GO Markets Review Education And Research Uganda

 

Education

👉 GO Markets offers the following Educational Materials:

➡️ GO Trade Academy

➡️ Introduction to Forex

➡️ Tutorials – MetaTrader 4 Video Tutorials

 

👉 GO Markets offers Ugandan traders the following Research and Trading Tools:

➡️ AutoChartist

➡️ MT4 and 5 Genesis

➡️ VPS

➡️ a-Quant

➡️ Social Trading through MyFXBook

➡️ Trading Central

➡️ Daily News

➡️ Weekly Summaries

➡️ Articles

➡️ Economic Calendar

GO Markets Bonuses and Promotions

👉 GO Markets does not currently offer any bonuses or promotions to Ugandan traders.

How to open an Affiliate Account with GO Markets

GO Markets Review Affiliate Program Uganda

 

👉 To register an Affiliate Account, Ugandans can follow these steps:

➡️ Ugandans can visit the GO Markets website and look for the “Affiliates” option at the very top of the GO Markets homepage.

➡️ A new page will load, and prospective affiliates can click on the green “Sign Up Now” banner to start the process.

➡️ Ugandans can create their affiliate account by completing the online form that will capture all the necessary details.

➡️ Once complete, the form can be submitted and GO Markets will be in touch regarding the outcome of the application.

 

GO Markets Affiliate Program Features

👉 For more than 15 years, GO Markets has been a forex and CFD broker that is fully registered and regulated by the Financial Conduct Authority. To help Ugandans make more money, GO Markets offers a lucrative affiliate program through which Ugandans may refer more customers.

 

👉 Over 80,000 clients and affiliates are served by GO Markets. You may use this guide to evaluate your website, social media channel, or blog if you are a Ugandan business partner.

 

👉 This comprehensive list may be used as a reference for partners to better understand the expectations of GO Markets. It is easy to understand the risks and rewards of trading forex and derivatives.

 

GO Markets Customer Support

👉 GO Markets’ customer support hours coincide with the hours that the forex market is open, which means that traders can contact GO Markets 24 hours a day, 5 days a week.

 

GO Markets Corporate Social Responsibility

👉 GO Markets does not currently indicate any information on its Corporate Social Responsibility (CSR) initiatives or projects.

Verdict on GO Markets

👉 Overall, GO Markets is a respectable brokerage for traders of CFDs and FX, regardless of their degree of skill.

 

👉 Experienced traders will find that GO Markets is a fantastic alternative because the broker supports the leading MetaTrader platforms and the comprehensive trading tools that are available via the broker.

 

👉 In addition, beginners have access to everything they need to hone their trading abilities thanks to the extensive instructional materials provided by GO Markets and the fact that they may use a free demo account to practice their skills.

GO Markets Current Popularity Trends

👉 According to Google Trends, GO Markets has seen an increase in Google Searches in the past month. 

GO Markets Current Popularity Trends

Overall Rating

Min Deposit

USD 200 / 490,000 UGX

Regulators

ASIC, CySec, FSC, FSA and SCA

Trading Desk

Hybrid

Crypto

Yes

Total Pairs

60

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

GO Markets Pros and Cons

✔️ Pros❌ Cons
There are zero-pip spreads offered on the GO+ Account with competitive commissionsThere are only two trading accounts available to Ugandan traders and no option to make UGX the base currency
The Standard Account is the commission-free account for Ugandan tradersThere is no option to convert a live trading account into an Islamic account
There are several trading and analysis tools including AutoCharist, Trading Central, a-Quant, and othersThere are no local deposit or withdrawal options offered to Ugandan traders
Both MetaTrader 4 and 5 are available to Ugandan tradersThe minimum deposit required by GO Markets is much higher than other brokers
There is no inactivity fee and no fees on deposits or withdrawals
There are instant deposits and withdrawals offered on several payment providers
There is award-winning customer support offered to Ugandan traders
There is adequate leverage up to 1:500 offered

Frequently Asked Questions

What can I trade with GO Markets?

You can trade between 400 and 600 financial instruments that range from forex, Index CFDs, Share CFDs, Precious Metal CFDs, Commodity CFDs, and more.

 

What is GO Markets?

GO Markets is an Australian-based STP and ECN brokerage firm that has been in operation since 2006. GO Markets caters for traders from around the world (except for several regions as indicated on the official website) and offers two account types, leverage up to 1:500, and a trading environment protected by regulations through ASIC, CySEC, FSC, and FSA.

 

Is GO Markets regulated?

Yes, GO Markets operates through entities in Australia, Cyprus, Mauritius, and Seychelles and the broker has regulations through the respective ASIC, CySEC, FSC, and FSA in these regions.

 

What is the withdrawal time for GO Markets?

The processing time for withdrawal requests at GO Markets is normally between one and two business days. However, Ugandan traders should factor in additional time for their payment providers or other processes.

 

Does GO Markets have Nasdaq?

Yes, Ugandan traders will find that GO Markets offers Index CFDs on Nasdaq and offers shares that are listed on Nasdaq which can be traded as CFDs.

 

Does GO Markets have Volatility 75?

No, GO Markets does not offer VIX as a CFD trading instrument.

 

Where is GO Markets based?

GO Markets is headquartered in Australia but operates entities in Cyprus, Mauritius, and Seychelles.

 

Is GO Markets safe or a scam?

According to the regulatory status, low-risk status, and high trust score of GO Markets, the broker is considered a safe option for Ugandan traders.

 

How can you withdraw money from GO Markets?

You can log into your client area or trading platform and select the option to withdraw. To submit a withdrawal request you must have enough free capital in your account, and you must complete the request according to your payment provider. Once your request has been submitted and approved, the funds will be transferred to your banking account.

Conclusion

👉 Now it is your turn to participate:

➡️ Do you have any prior experience with GO Markets?

➡️ What was the determining factor in your decision to engage with GO Markets?

➡️ Was it because of the minimum deposit, regulation, retail trading accounts, or any other factors?

➡️ Have you experienced any issues with GO Markets such as difficulty withdrawing funds, inability to verify regulations, irresponsive customer support, etc.?

 

👉 Regardless, please share your thoughts in the comments below.

 

Addendum/Disclosure:

👉 No matter how diligently we strive to maintain accuracy, the forex market is a volatile environment that may change at any time, even if the information supplied is correct at the time of going live.

10/10 - (1 vote)