Scam Forex Brokers in Namibia
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 is currently not regulated by the bank of Namibia
- Louis Schoeman
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
- 4.9/5
Min Deposit
200 USD / 3,766 NAD
Regulators
ASIC, CySEC, FSC
Trading Desk
MT4, MT5, cTrader, Copy Trading, Mobile Trading, WebTrader
Crypto
Yes
Total Pairs
60
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
GO Markets Review – 25 key points quick overview:
GO Markets Overview- GO Markets At a Glance
- GO Markets Regulation and Safety of Funds
- GO Markets Awards and Recognition
- GO Markets Account Types and Features
- How to open an Account with GO Markets
- GO Markets Vs BDSwiss Vs Fidelity Investments – Broker Comparison
- GO Markets Trading Platforms
- GO Markets Range of Markets
- Broker Comparison for Range of Markets
- GO Markets Trading and Non-Trading Fees
- GO Markets Deposits and Withdrawals
- How to Deposit Funds with GO Markets
- GO Markets Fund Withdrawal Process
- GO Markets Education and Research
- GO Markets Bonuses and Promotions
- How to open an Affiliate Account with GO Markets
- GO Markets Affiliate Program Features
- GO Markets Customer Support
- GO Markets Corporate Social Responsibility
- Verdict on GO Markets
- GO Markets Current Popularity Trends
- GO Markets Pros and Cons
- Frequently Asked Questions
- Conclusion
GO Markets Overview
👉 GO Markets offers two different retail trading accounts namely a Standard Account and a GO+ Account.
👉 GO Markets accepts Namibian 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.
👉 Go Markets was established in 2006 and is a licensed broker providing over 600 trading markets including Forex, Share CFDs and Indices as well as precious metals and commodities all from a single trading account.
👉 GO Markets’ trading platforms are robust but simple to use, and they provide a wide selection of trading tools and a dedicated teaching centre to help you improve your skills.
👉 The Equinix LD4 data centres, where GO Markets’ servers are housed, guarantee a low latency environment for the execution of your transactions at the greatest possible rates. When it comes to execution and spreads, GO Markets rivals some of the top brokers in the world.
👉 This GO Markets review for Namibia 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 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
🥇 While GO Markets does not have a huge market share in Namibia, they are part of the Top 50 forex and CFD brokers for Namibian retail and institutional traders.
GO Markets At a Glance
| 🏛 Headquartered | Australia |
| 🏙 Local office in Windhoek? | No |
| ✅ Accepts Namibian Traders? | Yes |
| 🗓 Year Founded | 2006 |
| 📞 Namibian Office Contact Number | None |
| 🤳 Social Media Platforms | • Facebook • YouTube |
| ⚖️ Regulation | ASIC, FSA Seychelles, FSC Mauritius, CySEC |
| 🪪 License Number | • Australia – ABN 24 653 400 527, AFSL 254963 • Seychelles – SD043 • Mauritius – GB 19024896 • Cyprus – 322/17 |
| ⚖️ BoN Regulation | No |
| 🚫 Regional Restrictions | USA, 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 Account | No |
| 💻 Demo Account | Yes |
| 🛍 Retail Investor Accounts | 2 |
| 📊 PAMM Accounts | No |
| 🤝 Liquidity Providers | Over 22 liquidity providers |
| 💸 Affiliate Program | Yes |
| 📲 Order Execution | Instant |
| 📊 Average spread | From 0.0 pips |
| 📞 Margin Call | 80% |
| 🛑 Stop-Out | 50% |
| ✅ Crypto trading offered? | 0.01 lots |
| 💰 Offers a Namibian Dollar Account? | No |
| 👨💻 Dedicated Namibian Account Manager? | No |
| 📊 Maximum Leverage | 1:500 |
| 🚫 Leverage Restrictions for Namibia? | None |
| 💰 Minimum Deposit (NAD) | 2,200 NAD equivalent to AU$200 |
| ✅ Namibian Dollar Deposits Allowed? | No |
| 📊 Active Namibian Trader Stats | 150,000+ |
| 👥 Active Namibian-based GO Markets customers | Unknown |
| 💳 Namibia Daily Forex Turnover | Unknown, 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 Namibia Banks? | No |
| 📊 Trading Platforms | • MetaTrader 4 • MetaTrader 5 |
| ✔️ Tradable Assets | • Forex CFDs • Share CFDs • Index CFDs • Metal CFDs • Commodity CFDs |
| 💸 Offers USD/NAD currency pair? | No |
| 📈 USD/NAD Average Spread | N/A |
| 📉 Offers Namibian Stocks and CFDs | None |
| 🗣 Languages supported on Website | English, Spanish, Italian, Portuguese, Arabic, Indonesian, Thai |
| 📞 Customer Support Languages | Multilingual |
| ⏰ Customer Service Hours | 24/5 |
| 👥 Namibian-based customer support? | No |
| ✅ Bonuses and Promotions for Namibians | None |
| 📚 Education for Namibian beginners | Yes |
| 📱 Proprietary trading software | No |
| 💰 Most Successful Namibian Trader | Michael Amushelelo (Net Worth Unknown) |
| ✅ Is GO Markets a safe broker for Namibians? | Yes |
| 📊 Rating for GO Markets Namibia | 8/10 |
| 🤝 Trust score for GO Markets Namibia | 98% |
| 👉 Open an account | 👉 Open Account |
GO Markets Regulation and Safety of Funds
GO Markets Regulation in Namibia
GO Markets is not locally regulated or authorized by the Bank of Namibia.
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, Namibian 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, Namibian 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
At GO Markets, Namibians 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’ Standard Account for Namibian traders gives them a broad selection of asset classes and over 350 trading items. Furthermore, this account has no costs for Namibian traders, and more than 22 liquidity providers are offering low spreads on their trading pairs.
| Account Feature | Value |
| 💰 Minimum Deposit | 2,200 NAD or an equivalent to AU$200 |
| 👥 Access to an Account Manager | Yes |
| 💸 Commission Charges | None |
| 📊 Average Spread | Variable, from 1 pip |
| ✔️ Markets Offered | 50+ FX Pairs, Shares, Indices, Commodities & Cryptocurrencies |
| 📈 Maximum Leverage offered | 1:500 |
| 🔧 Access to Trading Tools | Yes |
| 💵 Base Account Currencies | AUD, USD, EUR, GBP, NZD, CAD, SGD, CHF, HKD |
| 📞 Expert Advisors | Yes |
| ✔️ Scalping Allowed? | Yes |
| 🆓 Free VPS offered? | Yes |
GO+ Account
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 Feature | Value |
| 💰 Minimum Deposit | 2,200 NAD or an equivalent to AU$200 |
| 👥 Access to an Account Manager | Yes |
| 💸 Commission Charges | AU$3 per side on a standard lot |
| 📊 Average Spread | Variable, from 0.0 pips |
| ✔️ Markets Offered | 50+ FX Pairs, Shares, Indices, Commodities & Cryptocurrencies |
| 📈 Maximum Leverage offered | 1:500 |
| 🔧 Access to Trading Tools | Yes |
| 💵 Base Account Currencies | AUD, USD, EUR, GBP, NZD, CAD, SGD, CHF, HKD |
| 📞 Expert Advisors | Yes |
| ✔️ Scalping Allowed? | Yes |
| 🆓 Free VPS offered? | Yes |
GO Markets Demo Account
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, Namibian 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”.
👉 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.
Overall Rating
- 4.9/5
Min Deposit
200 USD / 3,766 NAD
Regulators
ASIC, CySEC, FSC
Trading Desk
MT4, MT5, cTrader, Copy Trading, Mobile Trading, WebTrader
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 Markets | BDSwiss | Fidelity Investments | |
| ⚖️ Regulation | ASIC, FSA Seychelles, FSC Mauritius, CySEC | CySEC, FSC, BaFIN, FSA | FINRA, SEC |
| 📱 Trading Platform | • MetaTrader 4 • MetaTrader 5 | • MetaTrader 4 • MetaTrader 5 • BDSwiss Mobile • BDSwiss Web | • Active Trader Pro • Fidelity Mobile |
| 💰 Withdrawal Fee | No | Yes, <100 EUR withdrawals | No |
| 📊 Demo Account | Yes | Yes | Yes |
| 📈 Minimum Deposit | 2,200 NAD | 1479 NAD | 13 NAD |
| 📈 Leverage | Up to 1:500 | Up to 1:1000 | 1:1 |
| 📊 Spread | From 0.0 pips | From 0.3 pips | None |
| 💰 Commissions | From US$2.50 | $2 to $5 | $0 to $0.03 |
| ✴️ Margin Call/Stop-Out | 80%/50% | 50%/20% | None |
| ✴️ Order Execution | Instant | Market/Instant | None |
| 💳 No-Deposit Bonus | No | No | No |
| 📊 Cent Accounts | No | In Progress | No |
| 📈 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 |
| ⚖️ BoN Regulation | No | No | No |
| 💳 NAD Deposits | No | No | No |
| 📊 Namibian Dollar Account | No | No | No |
| 👥 Customer Service Hours | 24/5 | 24/5 | 24/7 |
| 📊 Retail Investor Accounts | 2 | 4 | 15 |
| ☪️ Islamic Account | No | Yes | No |
| 📉 Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
| 📈 Maximum Trade Size | 250 lots | 1,000 lots | 4x maintenance margin excess |
GO Markets Trading Platforms
👉 GO Markets offers Namibian traders a choice between these trading platforms:
➡️ MetaTrader 4 Desktop
➡️ MetaTrader 5 Desktop
Desktop Platforms
➡️ 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
➡️ 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
➡️ 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 Namibians to trade at any time, from any location, using a range of trading apps. Namibians 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
👉 Namibian 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 Markets | BDSwiss | Fidelity Investments | |
| ➡️️ Forex | Yes | Yes | No |
| ➡️️ Precious Metals | Yes | Yes | No |
| ➡️️ ETFs | No | No | Yes |
| ➡️️ CFDs | Yes | Yes | No |
| ➡️️ Indices | Yes | Yes | No |
| ➡️️ Stocks | Yes | Yes | Yes |
| ➡️️ Cryptocurrency | No | Yes | No |
| ➡️️ Options | No | No | Yes |
| ➡️️ Energies | Yes | Yes | No |
| ➡️️ Bonds | No | No | Yes |
GO Markets Trading and Non-Trading Fees
Spreads
👉 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
👉 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
👉 Namibian 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 Namibian 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, Namibian 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 Namibians 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 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, Namibian traders can follow these steps:
➡️ To deposit cash Traders from Namibia 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
Education
GO Markets offers the following Educational Materials:
➡️ GO Trade Academy
➡️ Introduction to Forex
➡️ Tutorials – MetaTrader 4 Video Tutorials
GO Markets offers Namibian 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 Namibian traders.
How to open an Affiliate Account with GO Markets
To register an Affiliate Account, Namibians can follow these steps:
➡️ Namibians 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.
➡️ Namibians 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 Namibians make more money, GO Markets offers a lucrative affiliate program through which Namibians 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 Namibian 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
In terms of trading instruments, GO Markets is one of the most well-known and regulated brokers in the industry. Desktop, web, and mobile trading systems are available, allowing you to trade with ease.
In addition, commission-free trading is offered along with low spreads as well as an excellent array of charting and trading tools. If you are a novice trader, you can easily gain access to the educational centre which offers a plethora of options. To top it all off, the customer service staff at Go Markets is fast to respond to queries and offers helpful and informative answers and explanations.
GO Markets Current Popularity Trends
👉 According to Google Trends, GO Markets has seen an increase in Google Searches in the past month.
Overall Rating
- 4.9/5
Min Deposit
200 USD / 3,766 NAD
Regulators
ASIC, CySEC, FSC
Trading Desk
MT4, MT5, cTrader, Copy Trading, Mobile Trading, WebTrader
Crypto
Yes
Total Pairs
60
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
GO Markets Pros and Cons
| ✔️ Pros | ❌ Cons |
| GO Markets is well-regulated by Tier-1, Tier-2, and Tier-3 regulators | There are only two retail accounts available |
| GO Markets is a well-established forex and CFD broker with a good reputation | NAD is not a listed deposit currency, which means that Namibian traders may face currency conversion fees when they deposit or withdraw in local currency |
| There is a quick and simple account registration process | There is no NAD-denominated trading account for Namibian traders |
| There is a demo account offered | There is no Islamic account option for Muslim traders |
| There are powerful trading platforms provided for web, desktop, and mobile trading | The minimum deposit requirement is higher than what other brokers charge |
| Namibian traders can choose from reliable funding and withdrawal options | |
| GO Markets offers expert market analysis to more experienced Namibian traders | |
| There is a comprehensive affiliate program offered by GO Markets |
Frequently Asked Questions
What is the withdrawal time with GO Markets?
GO Markets supports instant withdrawals on most payment methods while others take up to three business days, which is still faster than the processing times of other brokers, who tend to take up to seven working days.
Is GO Markets regulated?
Yes, GO Markets is well-regulated by the ASIC in Australia, CySEC in Cyprus, FSC in Mauritius, and FSA in Seychelles.
Does GO Markets have Nasdaq?
Yes, among several indices offered by GO Markets, Nasdaq can be traded using either of the live accounts that GO Markets offers Namibian traders.
What can I trade with GO Markets?
You can trade a wide range of CFDs which are spread across forex, shares, indices, precious metals, and commodities.
What leverage can I use with GO Markets?
You can use a maximum of up to 1:500 leverage with GO Markets depending on the financial instrument that you trade.
Is GO Markets safe or a scam?
GO Markets is a safe broker. If you are looking for an honest and reliable broker with low costs, then GO Markets is a good option for most traders despite their trading experience or objectives.
What is the minimum deposit for GO Markets?
The minimum deposit for GO Markets is 2,200 Namibian dollars or an equivalent to AU$200 which is higher than what most brokers charge.
Does GO Markets have Volatility 75?
No, GO Markets does not offer Volatility 75 to Namibian traders.
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.
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