Go Markets (gomarketweb.com) is a CFD trading platform launched in October 2024, offering investors CFD trading services for assets such as forex, precious metals, energy, stock indices, and cryptocurrencies.
Platform Overview
Trading Accounts
According to public information, the platform offers spreads as low as 1 pip, with a leverage cap of 1:100. However, specific details regarding minimum deposit, margin call ratio, stop-loss mechanism, and trading fees have not yet been disclosed by the platform.
Trading Platform
The platform adopts the MT5 trading system, compatible with desktop and mobile devices, supporting advanced charting features, with over 50 technical indicators built-in and capabilities for intraday data analysis.
However, when searching for Go Markets on the MT5 platform, no associated company with the website gomarketweb.com is displayed.
Trading Instruments
Forex
The platform supports various major currency pairs, including EUR/USD, USD/CAD, GBP/USD, USD/JPY, among others.
Precious Metals
Users can trade spot gold (XAUUSD) and silver (XAGUSD).
Energy
The platform offers CFDs on US Oil (UsOIL).
Indices
It supports trading of major indices including Nikkei 225 (N225), Germany DAX (GER30), and S&P 500 index (US500).
Cryptocurrency
Major cryptocurrency pairs are also supported, such as Bitcoin to USD (BTC/USD), Ethereum to USD (ETH/USD), and Ripple to USD (XRP/USD).
Deposit and Withdrawal Methods
As of now, the platform has not specified the deposit and withdrawal methods on its official website, nor has it mentioned any related fee information.
Customer Support and Contact Information
Currently, gomarketweb.com has not established official accounts on common social media platforms such as Facebook, Instagram, or Twitter. Users can only contact the platform through an online form or email provided on their website.
Company Background
According to the official website, Go Markets is headquartered in Denver, Colorado, USA, at 1430 Stout St, Denver, Colorado, United States. The platform claims to safeguard client funds under the Markets in Financial Instruments Regulation (MiFIR) in the UK and states that its accounts are regulated by British financial institutions.
Upon investigation, the executive information displayed on gomarketweb.com is highly consistent with that listed on the ClearBridge Investments website. Additionally, the platform's brand name and logo are the same as those of another broker with the same name, "Go Markets."
Conclusion
Go Markets (gomarketweb.com) is a newly launched CFD platform as of 2024. However, the executive information, brand name, and logo on its official website are copied from two other companies, which is potentially misleading to investors.
Risk Warning
CFD trading carries a high risk; market volatility may lead to capital loss, and the use of leverage can amplify risks. Investors should comprehensively understand market volatility and the workings of CFDs, assessing their personal risk tolerance and engaging in such trades with caution and relevant trading experience to avoid rash decisions.
