Worked example
Practising on GO Markets's numbers
This is an exercise sheet, not a review. We are going to take three things that GO Markets publishes — a spread, a ladder of account types and a list of licences — and turn each of them into something you can do arithmetic with. By the end you should be able to repeat the whole exercise on any firm you come across, which is the actual skill being taught.
The figures we are working from
Nothing below is our estimate. Where a firm has not published something, or we could not read it on a source we trust, the box says so instead of guessing — a habit worth copying when you build your own broker notes.
Exercise one — turn the spread into money
GO Markets does not publish a EUR/USD spread we were able to verify, so there is no honest arithmetic to do on this page. Do not substitute a number you read on a comparison site: an unverified spread quietly becomes an unverified cost, and then an unverified plan. Use one of the other examples on the practice index for this exercise and come back to this file for the account ladder below.
Exercise two — read the account ladder
Account tiers are a pricing structure dressed as a status ladder. GO Markets offers 2 rungs. Read them as a question — what does each rung ask of me, and what does it give back? — rather than as a set of prizes to climb towards.
- GO Plus+The entry rung. Whatever the published spread applies to, it is almost always this one — so this is the rung your arithmetic above describes.
- StandardA higher rung usually trades a tighter spread for a commission, a larger deposit, or a status test. Convert both pricing models to money per lot before you decide either is cheaper.
Account names as published: GO Plus+, Standard. Platforms listed: MT4, MT5, cTrader, TradingView, GO WebTrader.
Exercise three — what this licence list means for you
A long licence list is not automatically a good sign. What matters to a beginner is a narrower question: which entity would hold my money, and who supervises that entity? Those are often not the same as the impressive name at the top of the list. Here are GO Markets's lines, each with a plain reading.
| Regulator | Entity on the register | Number | What that means for a beginner |
|---|---|---|---|
| ASIC · Australia | GO Markets Pty Ltd | AFSL 254963 | a top-tier regulator: compensation scheme, capital rules and a public register you can search yourself |
| CySEC · Cyprus | GO Markets Ltd | 322/17 | a mid-tier regulator: real supervision and a register, usually with a smaller or capped compensation scheme |
| FSA Seychelles · Seychelles | GO Markets International Ltd | SD043 | an offshore registration: a company exists and pays a fee, but expect little practical recourse from that entity |
| FSC Mauritius · Mauritius | GO Markets Pty Ltd (MU) | not verified | an offshore registration: a company exists and pays a fee, but expect little practical recourse from that entity |
| Registered in Saint Vincent and the Grenadines · Saint Vincent and the Grenadines | GO Markets LLC | not verified | an offshore registration: a company exists and pays a fee, but expect little practical recourse from that entity |
1 of these line is top-tier — held by GO Markets Pty Ltd. If you are onboarded to a different entity than those, the protections attached to the top-tier line are not yours, however prominently the regulator's initials appear in the marketing. 3 lines are offshore registrations; treat those as a company address rather than as supervision. We could not confirm a licence number on 2 lines, which is exactly the kind of gap you should close yourself on the regulator's own register before depositing.
The record behind these numbers
- GO Markets Pty Ltd has held ASIC AFSL 254963 since 2006 and is headquartered in Melbourne.
- GO Markets Ltd (Cyprus) was registered under company number HE351644 and licensed by CySEC in 2017 under licence 322/17.
- The GO Plus+ account quotes raw spreads from 0.0 pips plus commission; the Standard account quotes from about 1.0 pip.
- There is no hard minimum deposit; the broker recommends around $200 to start.
What we could not verify
The following are unconfirmed and are deliberately left blank rather than estimated: FSC Mauritius licence number for GO Markets Pty Ltd (MU); GO Markets LLC SVG registration number; exact GO Plus+ commission per lot; typical EUR/USD spread (source only gave an advertised 'from 0.0' raw-account figure). Confidence in this file overall: medium. When you build your own notes on a firm, keep a list like this one — the gaps are more useful than the figures, because they tell you what to go and check.
Run the same exercise on another firm
PipMentor does not rank brokers, does not award badges and does not tell you where to open an account. This page exists so the arithmetic you learn in the curriculum has real numbers to bite on.