What Account Types and Fees Does GO Markets Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Standard Account |
Beginners to intermediate traders |
Low spreads, no commission, swap-free option available |
Suitable for small-capital practice and general trading |
| GO Plus Account |
Experienced traders |
Spreads from 0.0 pips, low commission, access to ECN environment |
Requires higher trading volume; ideal for advanced strategies |
| Islamic Account |
Traders requiring compliance with Islamic finance |
Swap-free, adheres to Sharia law |
Available on both Standard and GO Plus accounts |
| Demo Account |
New traders and those testing strategies |
Virtual funds for practice, access to all trading platforms |
No initial deposit required; unlimited usage for practice |
Account Opening Process
To open an account with GO Markets, follow these steps: First, provide personal information including your name, contact details, and date of birth. Next, submit employment information, which may include your occupation and employer’s details. After that, financial information is required to assess your trading experience and risk tolerance.
You will also need to undergo identity verification by submitting documents such as a government-issued ID and proof of address (e.g., utility bill or bank statement). Once your documents are verified, you can proceed to fund your account.
It’s important to note that you have the flexibility to upgrade your account later, for instance, moving from a Standard to a GO Plus account as your trading needs evolve.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| CFDs (Stocks) |
Variable |
$0 (depending on stock) |
Competitive spreads across various stocks |
| CFDs (Indices) |
1.0 |
$0 |
Low-cost trading on major indices |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market volatility |
| CFDs (Commodities) |
3.0 |
$0 |
Includes gold and oil trading |
Other Fees
GO Markets outlines several other fees to be aware of when trading. There are no deposit or withdrawal fees for standard methods; however, fees may apply for international withdrawals. An inactivity fee is charged after a certain period of no trading activity. Additionally, users should consider potential overnight interest fees (swap rates) if positions are held beyond a trading day. Currency conversion fees may also apply depending on the account’s base currency and the currency of your transactions.
