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Go Markets Review
Go Markets is one of the premier binary options brokers operating in the Australian financial market. Since its foundation in 2006, GO Markets has constantly thrived to offer state of the art financial products for enthusiastic traders. GO Markets is a brand of GO Markets Pty Ltd (ABN 85 081 864 039 & ACN 081 864 039) and as an Australian finance company, they are regulated by the Australian Securities and Investments Commission (ASIC – AFSL No. 254963).
|Headquarters||Go Markets Pty Ltd . Melbourne( VIC, Australia )|
|Support Number||1800 88 55 71 ( Australia ) , 0800 45 1150 ( New Zealand ) , +44 203 637 7618 ( UK )|
|Support Types||Online Chat , Email , Phone|
|Languages||English , Chinese|
|Trading Platform||WebTrader | MT4 Trading Platform for desktop, iPhone & Android|
|Minimum 1st Deposit||$200 AUD|
|Minimum Account Size||$200 AUD|
|Minimum Trade Amount||$5 AUD|
|Bonus||Cashback Refund up to $250 AUD ( only FX trades )|
|Leverage||300:1 ( Forex )|
|Demo info||from 0.5 pips ( Forex )|
|Free Demo Account||Open Demo|
|Regulation||ASIC ( AFSL 254963 )|
|Account Types||Standard Account ( min.deposit of $200 ) , Pro Account ( min.deposit of $1000) , Plus+ ( min.deposit $500 )|
|Deposit Methods||Credit Cards , Skrill , Poli , BPay , Bank Transfer|
|Products||Forex Trading , Binary Options|
|Number of Assets||50|
|Expiry Times||1, 2, 5, 10, 15, 20, 30 and 60 minutes|
|Types of Assets||currencies, commodities, indices|
|Binary Options Types||Up & Down , Short Term ( 60 minutes, 5 minutes and 10 minutes|
|Account Currency||AUD , USD , GBP , EUR , NZD , SGD|
- Trade Binary Options with one of the largest FX regulated brokers in Australia
- Quick Withdrawals in 1-2 business days
- 50 currencies pairs to trade
- 24/5 Customer Support from Melbourne office
- Low minimum Trade of $5
- Cashback Refund Offer ( up to $250 AUD )
- Clients Funds in Segregated Accounts
- Up to 80% ( Binary Options
- Up to 300:1 Leverage ( forex
- Free Educations Tools
- They support few languages
Latest Go Markets review: March 30 2020
About GOMarkets company
Go Markets is one of the premier binary options brokers operating in the Australian financial market. GO Markets started a business in 2006. It has constantly thrived to offer state of the art financial products for enthusiastic traders.
GO Markets is a brand of GO Markets Pty Ltd. It is an Australian business with ABN of 85 081 864 039. Its ACN 081 864 039 and acts as an Australian finance company. Also, it is regulated by the Australian Securities and Investments Commission ASIC. Its AFSL registration number is 254963.
In the beginning, Go Markets solely focused on becoming a trustworthy broker. But in recent years, it mainly tries to attract clients who want to trade Forex. Consequently, it has gradually increased range and reach. Currently, Go Markets offers several trading derivative assets. Such assets include Contracts for Difference (CFDs), Forex, commodities, stock indices, and cryptocurrencies.
GO Markets is one of the pioneers of online trading in Australia. Moreover, it has thrived to introduce cutting-edge financial platform in the market. Recently, it started working with Currenex to offer more liquidity and robust trading experience to their clients.
Most brokers in Australia are focusing on luring binary options traders with lucrative offers. Nonetheless, GO Markets has built its reputation as a premier financial company that invests heavily on developing the infrastructure. It also offers top class order executions compared to the competitors in the market.
GO Markets is primarily a Forex broker. Its trading platform is mostly focusing on offering traditional trading. It involves buying and selling various asset classes. Such as Forex currency pairs, various commodities, and cryptocurrencies.
GO Markets mainly offers MetaTrader 4 based trading platforms. It has also made binary trading part of its products o services.
For trading binary options with GO Markets, clients need a separate MT4 plugin called FX Lite for MT4 platform. Once the plugin is setup, it would show a separate login screen. Here, you can login using your existing MT4 account credentials.
To make the binary options trading more seamless, Go Markets utilized the same charting software. Doing so makes it much easier for their clients to trade within a familiar trading environment. During our tests, we could analyze the assets with exactly the same technical analysis tools from Meta Trader 4. But we could also place binary options orders instead of trading Forex.
The Best Binary Options Broker 2020!
Perfect For Beginners!
Free Demo Account!
Free Trading Education!
The screenshot above shows a proper setup of the binary options plugin we mentioned above. Double-clicking any .bo assets on the Market Watch window in Meta Trader 4 will bring up the binary options trading prompt. Then, you can select the investment amount, asset symbol as well as the expiry time. Once you have made up your mind about placing an order, all you need is click on the Up or Down buttons. These are conveniently labelled with Green and Red colours, respectively.
In fact, to make life easier, GO Markets will show the exact payout ratio for the trade. It will also show the trade return based on your investment amount. This information is on display before you place your order.
This way, binary options traders will always know exactly how much they will gain from each trade. If the trade turns out to be a winner or a loss, you will know how much you are risking.
GO Markets also offers the MT4 Genesis to enhance the binary options trading experience. It is a comprehensive suite of MT4 trading tools. MT4 Genesis is a set of expert advisers that can help binary options traders greatly enhance the trading experience. It does so by offering a newly designed terminal window. There is also the Mini Terminal, Session Map, Correlation Trader, and, Sentiment Indicator.
MT4 Genesis also offers a sophisticated order management system. This system allows easy access to your existing open orders.
Furthermore, binary options traders can create and receive trading alerts with MT4 Genesis. It is based on their preset criteria. Moreover, with the instant alerts system, you will be notified of the momentum the market has developed a trading opportunity. This way, you execute your trading strategy and will not miss any trading opportunities!
Types of Accounts / Demo
GO Markets offers three types of accounts. The Standard Account and a Pro Account. These different accounts help beginners and experienced traders, respectively.
The basic offerings like leverage are fixed on both accounts. Other fringe services include VPS, access to Auto chartist, and MT4 Genesis. These are for the Pro Account holders.
However, Standard Account holders can also enjoy these services by making a $200 deposit in their account. But to open the Pro Account, you will need a $1,000 minimum deposit.
Recently, Go Markets started offering another exclusive account type known as PLUS. It comes with a dedicated account manager. But it requires a minimum $500 deposit in to open the account. One of the perks of the PLUS account with Go Markets is the ability to enjoy raw spreads. Here, the spread starts from 0.0 pips. It means that PLUS account holders will be able to trade without paying any fees to Go Markets at all!
GoMarkets offers a free Metatrader 4 Demo account with $100,000 in virtual funds.
GO Markets offers a range of assets for binary options trading. Including Forex, and commodities, indices, and cryptocurrencies.
Some of the popular assets for binary options trading offered by Go Markets are XAG/USD and XAUUSD. Under Forex pairs, GO Markets currently offers AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, AUD/USD, CAD/CHF, CAD/JPY, CHF/JPY, EUR/AUD, EUR/CAD, EUR/CHF, EUR/JPY, EUR/NZD, EUR/USD, EUR/GBP, GBP/AUD, GBP/CAD, GBP/CHF, GBP/NZD, GBP/USD, GBP/JPY, NZD/CAD, NZD/CHF, NZD/USD/NZD/JPY, USD/JPY, USD/CAD, and USD/CHF symbols for trading.
Minimum Deposit Requirements, Offered Bonuses/Promotions
The minimum deposit requirement of GO Markets for its respective accounts is straightforward. To open a Standard Account, binary options traders need to open an account with a minimum $200 deposit. On the other hand, experienced binary options traders who wish to open a Pro Account would require making a minimum deposit of $1,000. On the other hand, to open a PLUS account, you need to only deposit $500 and can start trading with Go Markets.
Currently, GOMarkets is offering a 10% deposit bonus for new accounts. In order to avail this limited time promotional offer, binary options traders need to make a minimum $500 and up to $5,000 deposit.
Promotions / Bonuses
The minimum deposit requirement of GO Markets for its respective accounts is straightforward. For Standard Account, binary options traders need a minimum $200 deposit. Experienced binary options traders should open a Pro Account. It requires making a minimum deposit of $1,000. To open a PLUS account, you need to only deposit $500 and can start trading with Go Markets.
On Forex trades only, GoMarkets is offering a cashback refund up to $250 AUD.
Currently, They are offering a 10% deposit bonus for new accounts. In order to avail this limited time promotional offer, binary options traders need to make a minimum $500 and up to $5,000 deposit.
Deposit and Withdrawal Methods
Go Markets offers binary options trading accounts in several currencies. Including the Australian Dollar (AUD). Besides, you can also open accounts in US Dollar, British Pounds (GBP), Euros (EUR), New Zealand Dollar (NZD), and Singapore Dollar (SGD).
There are several deposit methods as well. For example, the most convenient method to deposit funds into your trading account would be Visa and MasterCard debit or credit cards. These deposits are processed instantly.
GO Markets also support third-party payment processing companies like Skrill and PoLi. For Australian account holders, GO Markets accepts the popular BPay payment method. As an international client of GO Markets, you can make deposits using international bank-to-bank wire transfer too.
One of the best features of GO Markets is that they do not charge any additional fees for withdrawing profits. It is a welcome feature that other brokers can certainly follow
Customers of GO Markets can avail customer support by emailing Go Markets at [email protected] Markets.com.au
Its official address is Level 50, 120 Collins Street, Melbourne, VIC 3000, Australia.
Go Markets has also listed three dedicated phone numbers to serve different geographic locations. For example, customers from Australia and Europe can call two different numbers 1800 88 55 71 (AUS) and +44 207 621 8925 (UK), respectively.
On the other hand, customers from other regions and countries can call another dedicated number (+61 3 8566 7680) during business hours. They are open from Sunday, GMT 21:00 to Friday GMT 21:00.
During our research for this review, we made several test calls to their customer support desk. We found their staff on duty to be very helpful and knowledgeable trading.
Usually, most binary options brokers do not invest in their human resources. Instead, they try to beat competitors by offering promotions. Or by cutting costs of trading in terms of spreads and commissions. However, it appeared that Go Markets took the time to properly train their support staff. It led us to believe that they understand the nature of this business.
GOMarkets Review: Conclusion
GO Markets is one of the handful of binary options brokers in Australia that use the Currenex technology. It helps them provide more liquidity to their customers. Moreover, its state-of-the-art trading infrastructure helps binary options traders execute their trades at a faster speed. We found the executive time is faster than competing brokers in the Australian market.
Having two separate accounts allows GO Markets to cater to both beginner and professional traders. Furthermore, the lower minimum deposit Standard Account allows starting traders to try out their strategies with less risk. This way, traders can invest more as they gain more experience.
GO Markets is one of the most reputed Forex brokers. It is catering to the growing binary options market in Australia. If you are considering giving binary options trading a try, GO Markets could be a good option.
A Guide to Trading Binary Options in the U.S.
Binary options are financial options that come with one of two payoff options: a fixed amount or nothing at all. That’s why they’re called binary options—because there is no other settlement possible. The premise behind a binary option is a simple yes or no proposition: Will an underlying asset be above a certain price at a certain time?
Traders place trades based on whether they believe the answer is yes or no, making it one of the simplest financial assets to trade. This simplicity has resulted in broad appeal among traders and newcomers to the financial markets. As simple as it may seem, traders should fully understand how binary options work, what markets and time frames they can trade with binary options, advantages, and disadvantages of these products, and which companies are legally authorized to provide binary options to U.S. residents.
Binary options traded outside the U.S. are typically structured differently than binaries available on U.S. exchanges. When considering speculating or hedging, binary options are an alternative—but only if the trader fully understands the two potential outcomes of these exotic options.
Now that you know some of the basics, read on to find out more about binary options, how they operate, and how you can trade them in the United States.
U.S. Binary Options Explained
Binary options provide a way to trade markets with capped risk and capped profit potential, based on a yes or no proposition.
Let’s take the following question as an example: Will the price of gold be above $1,250 at 1:30 p.m. today?
If you believe it will be, you buy the binary option. If you think gold will be below $1,250 at 1:30 p.m., then you sell this binary option. The price of a binary option is always between $0 and $100, and just like other financial markets, there is a bid and ask price.
The above binary may be trading at $42.50 (bid) and $44.50 (offer) at 1 p.m. If you buy the binary option right then, you will pay $44.50. If you decide to sell right then, you’ll sell at $42.50.
Let’s assume you decide to buy at $44.50. If at 1:30 p.m. the price of gold is above $1,250, your option expires and it becomes worth $100. You make a profit of $100—$44.50 = $55.50 (minus fees). This is called being in the money. But if the price of gold is below $1,250 at 1:30 p.m., the option expires at $0. Therefore you lose the $44.50 invested. This called out of the money.
The bid and offer fluctuate until the option expires. You can close your position at any time before expiry to lock in a profit or a reduce a loss, compared to letting it expire out of the money.
A Zero-Sum Game
Eventually, every option settles at $100 or $0—$100 if the binary option proposition is true and $0 if it turns out to be false. Thus, each binary option has a total value potential of $100, and it is a zero-sum game—what you make, someone else loses, and what you lose, someone else makes.
Each trader must put up the capital for their side of the trade. In the examples above, you purchased an option at $44.50, and someone sold you that option. Your maximum risk is $44.50 if the option settles at $0, and so the trade costs you $44.50. The person who sold to you has a maximum risk of $55.50 if the option settles at $100—$100 – $44.50 = $55.50.
A trader may purchase multiple contracts if desired. Here’s another example:
- NASDAQ US Tech 100 index > $3,784 (11 a.m.).
The current bid and offer are $74.00 and $80.00, respectively. If you think the index will be above $3,784 at 11 a.m., you buy the binary option at $80, or place a bid at a lower price and hope someone sells to you at that price. If you think the index will be below $3,784 at that time, you sell at $74.00, or place an offer above that price and hope someone buys it from you.
You decide to sell at $74.00, believing the index is going to fall below $3,784 (called the strike price) by 11 a.m. And if you really like the trade, you can sell (or buy) multiple contracts.
Figure 1 shows a trade to sell five contracts (size) at $74.00. The Nadex platform automatically calculates your maximum loss and gain when you create an order, called a ticket.
Nadex Trade Ticket with Max Profit and Max Loss (Figure 1)
Binary Options Brokers
Binary Options Brokers in the USA – Trusted Binary Options Brokers
Constantly challenging ourselves to deliver more to our clients
What are binary options brokers
We review the best binary options brokers worldwide. Hi, this is BinarySignalsPro, and today we will discuss how to choose a binary option broker and what is the best broker for binary options for you, whether you are in the US or Australia, or elsewhere.
Currently, there are more than 450 trading platforms or brokers. This was not the case in 2008, when binary options trading began, as there were about 10 trading platforms that were good, as they created High Competition.
The emergence of many brokers, which is beneficial for investors in terms of more bonuses and higher profits.
Best Brokers and Investment Companies 2020
Trade with the best binary options brokers on the market:
If anyone does not know: a binary option is an “all or nothing” option; This option with a fixed price, which, depending on the pre-agreed condition, either provides a fixed income, or does not bring anything.
Brokers, rating of investment companies – All brokers and investment companies. The broker rating is an intuitive, functional and convenient tool for a trader who chooses an exchange broker.
The main purpose of the rating is to compare brokers and choose the best investment companies. Each visitor to the site, regardless of whether he is a novice or a professional, is invited to vote for the best brokerage company from his point of view. We also recommend that you review our Binary Options Brokers rating.
The rating of brokers is not responsible for errors in the information provided. To get the latest information, visit the website of the broker or investment company.
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Recommended Brokers in the US
For many traders, US brokers are the benchmark for reliable and high-quality trading in binary options. This is due to the fact that regulators closely monitor the investment activities of the United States, and the requirements for investment companies are very strict.
Thus, the choice of a broker in the US market is an additional guarantee of the security of the invested funds. It is from these considerations that large investors prefer US brokers with extensive experience in the market. As far as this is true, everyone must decide for themselves, but the US regulatory bodies, such as the CFTC, which are subject to US brokerage funds in the stock market, are already a guarantee of the company’s reliability.
The following list of binary options brokers in the US contains the most significant brokers that can provide services to traders from the United States. Choosing DC, you should consider all options, and if the broker is trustworthy, but territorially located and registered in the US, this is not an excuse to refuse to cooperate. Many brokers have sites in different languages and are happy to see customers from all countries, so they provide quality technical support in all languages.
The rating of American brokers, presented in the list below, contains the most respected companies with a good reputation.
We combine the foreign exchange market and binary options
Forex market + binary options = double profit? How to combine trading without prejudice and plus?
Trading in the foreign exchange market, still relatively recently a novelty, has long been a classic. Now he has to share his popularity with binary options trading and cryptocurrencies, where the time spent on trading and analysis is less, and the profit is often more.
Naturally, every trader wants to try something new, and even profitable. But throwing for this has long become a cozy foreign exchange market is completely optional. Today we will talk about how to combine currency trading and binary options trading.
Ways to combine trading with currencies and binary options
You may be surprised, but there is nothing particularly difficult to combine these two types of trading. Here are as many as five easiest ways to do it at the lowest cost.
Method number 1. One analysis for two deals
Transfer the forecast for the currency pair for the purchase of a binary option long expiration.
For example, you performed an analysis and predict the growth of the EUR / USD currency pair. You open a buy position in accordance with your trading plan. Accordingly, along with an open long transaction in the foreign exchange market, you can buy a Call option on the binary options broker website, calculating the expiration time based on an assessment of the strength of the price impulse.
Method number 2. Relieve your time
Try to automate your trading in the forex market. The number of paid and free trading advisers offered to traders is now simply incredible. From all this diversity you can choose an effective adviser, entrusting to him, if not all, then at least part of the trading in the foreign exchange market, thereby relieving yourself.
By slightly lowering the load, you can devote your time to binary options trading.
Method number 3. Reduce Risks
If you are a neat and responsible trader, then this method is just for you. When opening a transaction in the foreign exchange market, make sure that it requires minimal control on your part.
That is, in an open order, the calculated stop loss and take profit levels must be present.
Having secured yourself against the loss of a deposit, you can, with a clear conscience, switch to binary options trading with short expiration periods, periodically monitoring the status of a transaction opened in the foreign exchange market.
Method number 4. Binars work on weekends
This method is suitable for workaholics. From Monday to Friday, you can safely trade in the foreign exchange market. And on weekends, switch to binary options trading in the OTC market using OTC deals.
The number of assets traded on the OTC market is slightly smaller, but you can trade on it on the weekend.
In Russia, the largest OTC trading platform is the RTS Board.
Method number 5. One for two strategy
Use trading strategies and technical indicators, the signals of which are suitable for both the foreign exchange market and the BO market.
For example, if trading strategy implies entering the position at the price reversal point, you can buy the Call option along with the buy transaction by simply switching to another window. It takes literally a few seconds.
As we mentioned above, combining trading in the foreign exchange market and trading binary options is quite simple, especially if you buy options on the same pairs on which you analyze and trade in the foreign exchange market.
However, not every type of trading is suitable for this. For example, if your trading in the foreign exchange market is built on scalping or pipsing, then you are unlikely to succeed in trading binary options in parallel. With a stretch, this will be possible to do with intraday trading – the load on the trader can be quite large, which will lead to loss of control and loss in one, the second or both markets at once.
In general, no special problems should arise when correctly combining currency trading and binary options trading. And double profit is always doubly pleasant
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The Best Binary Options Broker 2020!
Perfect For Beginners!
Free Demo Account!
Free Trading Education!