GO Markets Binary Review | Binary Options Trading Review
Introduction
GO Markets is a regulated forex and CFD broker that offers binary options trading to its clients. The company was founded in 2006 and is headquartered in Melbourne, Australia. GO Markets is regulated by the Australian Securities and Investments Commission (ASIC), the Financial Services Authority (FSA) in Seychelles, and the Financial Services Commission (FSC) in Mauritius.
Binary Options Trading with GO Markets
GO Markets offers binary options trading on a variety of assets, including forex pairs, commodities, indices, and stocks. Binary options are a type of options contract that has a predetermined expiry time and payout. If the price of the underlying asset moves in the direction that the trader predicts, they will receive a payout. If the price moves in the opposite direction, the trader will lose their investment.
GO Markets offers a variety of binary options trading options, including:
Up/Down options: These options expire at a specified time, and the trader will receive a payout if the price of the underlying asset is higher (up) or lower (down) than the strike price at expiry.
Touch/No Touch options: These options expire at a specified time, and the trader will receive a payout if the price of the underlying asset touches (touch) or does not touch (no touch) a specified barrier level at or before expiry.
Range options: These options expire at a specified time, and the trader will receive a payout if the price of the underlying asset finishes within a specified price range at expiry.
GO Markets Binary Options Trading Platform
GO Markets offers its binary options trading platform through its MetaTrader 4 and MT5 trading platforms. The platforms are available for download on desktop, tablet, and mobile devices. The platforms offer a variety of features, including:
Real-time charting: Traders can view real-time charts of the underlying assets.
Technical indicators: Traders can use a variety of technical indicators to analyze the price movements of the underlying assets.
News and market analysis: Traders can access news and market analysis from a variety of sources.
One-click trading: Traders can open and close positions with a single click.
GO Markets Binary Options Trading Fees
GO Markets does not charge any commissions on binary options trades. However, traders will need to pay a spread, which is the difference between the ask and bid prices of the binary option. The spread varies depending on the underlying asset and the expiry time of the option.
GO Markets Binary Options Trading Demo Account
GO Markets offers a free demo account that traders can use to practice binary options trading without risking any real money. The demo account is credited with $10,000 in virtual currency.
GO Markets Binary Options Trading Customer Support
GO Markets offers 24/5 customer support via phone, email, and live chat. The company also has a FAQ section on its website that answers common questions about binary options trading.
Conclusion
GO Markets is a regulated forex and CFD broker that offers binary options trading to its clients. The company offers a variety of binary options trading options, as well as a user-friendly trading platform. GO Markets does not charge any commissions on binary options trades, but traders will need to pay a spread. The company offers a free demo account and 24/5 customer support.
