GO Markets is a CFD broker founded in Melbourne in 2006. GO Markets Pty Ltd holds an ASIC licence, GO Markets Ltd is a Cyprus investment firm, and further companies operate in Mauritius, the Seychelles and St Vincent and the Grenadines.
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| Regulator | Licence | Legal entity | Register status | Source |
|---|---|---|---|---|
| Australian Securities and Investments Commission (ASIC) | AFSL 254963 | GO Markets Pty Ltd | Authorised Checked 4 Oct 2026 | Register entry for GO Markets Pty Ltd (opens in a new tab) 2 |
| Cyprus Securities and Exchange Commission (CySEC) | 322/17 | GO Markets Ltd | Authorised Checked 6 Oct 2026 | Register entry for GO Markets Ltd (opens in a new tab) 3 |
| Financial Services Authority Seychelles (FSA) | SD043 | GO Markets International Ltd | Authorised Checked 4 Oct 2026 | Register entry for GO Markets International Ltd (opens in a new tab) 4 |
Each licence was matched on the regulator’s own register on the date shown. Unverified claims are listed under Regulation and legal entities.
GO Markets’ Australian, Cyprus and Seychelles licences match their regulators’ records; we could not check the Mauritius licence, and its St Vincent company is not licensed. The Australian and Cyprus companies hold client money in segregated accounts and offer retail negative balance protection and an independent complaints body. The Mauritius and Seychelles terms let client money be moved to liquidity providers as margin, and their disclosure statements leave clients liable for negative balances. We found no enforcement action, but GO Markets does not say who owns it, and the only financial disclosures we found are the Cyprus company’s.
Each regional site names the company that operates it with its registration number and, where it has one, its regulator and licence.
The three licences we could check are current, with no suspension or restriction shown.
Each company’s full name and number are published; the Cyprus details match CySEC’s register and the Australian ABN matches ASIC’s data.
The Cyprus, Australian and Seychelles companies publish complaints procedures with contact details and response times, for example a final response within two months in Cyprus and 21 business days in the Seychelles.
GO Markets publishes indicative spreads and share commissions by account type, its PDS sets out financing, conversion and funding charges, and the Cyprus terms state a €15 monthly inactivity fee after three months.
Reduced the enforcement dimension by 2 points (low severity, 2.4 years before the review).
Partly met We matched GO Markets Pty Ltd in ASIC’s licensee data, GO Markets Ltd on CySEC’s register and GO Markets International Ltd on the Seychelles FSA’s list. We could not check the Mauritius company’s licence, and the St Vincent company names none.
Partly met The ASIC, CySEC and FSA licences GO Markets states match the registers, and the St Vincent terms say that company is not regulated. We could not confirm the FSC Mauritius licence.
Partly met The Australian company holds client money on trust and does not use it for hedging, and the Cyprus company segregates it under EU rules. The Mauritius and Seychelles terms let client money be withdrawn from the segregated account to transfer margin to a liquidity provider, and the St Vincent terms treat client money as the company’s legal property.
Partly met ASIC authorises GO Markets Pty Ltd to issue and make a market in derivatives and foreign exchange contracts for retail clients, CySEC authorises the Cyprus company to deal on own account and execute orders in all instrument classes, and the FSA lists the Seychelles company as a securities dealer. The St Vincent company offers CFDs without a licence, and we could not see the Mauritius permissions on a register.
Each dimension is scored from its criteria, then weighted. Dimensions without enough evidence are left out and the remaining weights are rescaled. Open a dimension to see every criterion, our rationale and the sources.
Whether the firm’s licences exist, are current and cover what it offers.
Client-facing entities appear on the regulator’s register 1234
We matched GO Markets Pty Ltd in ASIC’s licensee data, GO Markets Ltd on CySEC’s register and GO Markets International Ltd on the Seychelles FSA’s list. We could not check the Mauritius company’s licence, and the St Vincent company names none.
Permissions cover the services offered 2345
ASIC authorises GO Markets Pty Ltd to issue and make a market in derivatives and foreign exchange contracts for retail clients, CySEC authorises the Cyprus company to deal on own account and execute orders in all instrument classes, and the FSA lists the Seychelles company as a securities dealer. The St Vincent company offers CFDs without a licence, and we could not see the Mauritius permissions on a register.
Criteria and their weighting are explained in the methodology.
Whether you can find out who owns and runs the firm.
Financial statements are available 10
The Cyprus company publishes Pillar III disclosures for 2025, based on audited accounts, showing own funds of €1.28 million and a capital ratio of 170%. We found no financial statements for the Australian, Mauritius, Seychelles or St Vincent companies.
Criteria and their weighting are explained in the methodology.
What protects client money if something goes wrong.
Client money segregation is disclosed 511121314
The Australian company holds client money on trust and does not use it for hedging, and the Cyprus company segregates it under EU rules. The Mauritius and Seychelles terms let client money be withdrawn from the segregated account to transfer margin to a liquidity provider, and the St Vincent terms treat client money as the company’s legal property.
Retail clients have negative balance protection 121415161718
Retail clients of the Australian and Cyprus companies have negative balance protection. The Seychelles terms offer it to retail clients only as applicable law requires, while its disclosure statement, like those of the Mauritius and St Vincent companies, says clients remain liable for negative balances.
Criteria and their weighting are explained in the methodology.
Regulator warnings, enforcement actions and final legal findings on record.
Starts at 100 and loses points for each substantiated adverse finding by severity and age. Allegations, complaints and clone warnings never count. Total deducted: 2 points.
Warning lists and enforcement records have been searched 2122
We searched ASIC, CySEC, FCA, CVM and KNF records and the Indian and Malaysian alert lists, and ran web searches. We found no enforcement action; a Malaysian alert concerns a clone. The Japan FSA’s list of warned unregistered firms (September 2026) includes Go Markets Pty Ltd (MU) (2024).
Warned by Japan’s Financial Services Agency for soliciting derivatives business without registration 22
1 May 2024. Reduced the enforcement dimension by 2 points (low severity, 2.4 years before the review).
Criteria and their weighting are explained in the methodology.
How the firm handles complaints, and what independent records show.
Independent dispute resolution is available 513141523
Australian clients can go to AFCA and EU clients to the Financial Ombudsman of the Republic of Cyprus. The Mauritius and St Vincent terms name only GO Markets’ internal process, and Seychelles clients can only complain to the regulator, which is not an independent dispute body.
Independent complaint outcomes show no adverse pattern 21
GO Markets has no UK company, so there are no Financial Ombudsman Service decisions, and we did not find published decisions of other dispute bodies.
Complaint data is disclosed 6
We found no complaint statistics published by GO Markets or by a regulator or ombudsman for its companies. AFCA publishes complaint figures for the financial firms that are its members, but its data site refused our requests, so we could not check the Australian company.
Criteria and their weighting are explained in the methodology.
Whether costs, execution and risks are disclosed before you sign up.
An order execution policy is published 1125
The Cyprus execution policy says the company is always the counterparty and prices from third-party liquidity providers, explains the execution factors, and is published with a conflicts of interest policy; the Australian PDS says GO Markets issues CFDs as principal.
Leverage and margin terms are disclosed 1112161718
The Australian PDS sets ASIC’s retail leverage limits and a 50% close-out, the Cyprus terms close retail positions at a 50% margin level, and the other companies’ disclosures give a default leverage of 100:1 with a margin call at 100% and close-out at 50%.
Criteria and their weighting are explained in the methodology.
Whether public claims hold up and the firm communicates openly.
An address and working contact channels are published 1341617
Addresses, phone numbers and emails are published and the Cyprus address matches CySEC’s register, but the Seychelles disclosure statement gives a different address from the FSA’s register, and the Mauritius office number differs between the website (Office 9) and the disclosure statement (Office 12).
Criteria and their weighting are explained in the methodology.
What our visit confirmed in person: a real, staffed office of the assessed entity, not a ghost address.
We have not checked this firm’s office in person, so this dimension scores zero. We check offices through our on-site verification programme.
Real office at the stated address, not a ghost address
Office of the assessed entity
Staffed and operating
Criteria and their weighting are explained in the methodology.
What our on-site checks and 30-day platform testing found.
We have not completed an on-site assessment of this firm, so this dimension does not count and its weight is shared among the others.
Company identity
Regulatory claims
Office visit
Account opening
Platform usability
Costs and disclosures
Customer support
Deposits and withdrawals
Trading functions
Complaints process
Criteria and their weighting are explained in the methodology.
A brand can trade through several companies, each licensed in a different place with different protections. Check which entity your account would be with.
Australian Securities and Investments Commission (ASIC) · Reference AFSL 254963 2
Issuing and making a market in derivatives and foreign exchange contracts for retail and wholesale clients
Licence start date 10 March 2004.
Cyprus Securities and Exchange Commission (CySEC) · Reference 322/17 3
Reception and transmission of orders, execution of orders and dealing on own account in financial instruments 1 to 10
Licence granted on 25 April 2017.
Financial Services Commission, Mauritius (FSC) · Reference GB 19024896 1
Investment dealer (full service dealer, excluding underwriting)
Stated by GO Markets. The FSC Mauritius register has not been accessible to us.
Financial Services Authority Seychelles (FSA) · Reference SD043 4
Securities dealer
Listed by the FSA as a securities dealer; the licence number is GO Markets’ own (the register shows none).
No licence recorded for this entity.
Warnings, enforcement actions, legal findings, allegations and complaint records are labelled separately. What each label means.
In May 2024 Japan’s Financial Services Agency warned Go Markets Pty Ltd (MU), of Ebene, Mauritius, for soliciting over-the-counter derivatives trading over the internet without registration in Japan, under the service name “GO Markets”. The list gives the month only; we use 1 May 2024.
Firms can respond to their profile and to any finding. No response has been published for GO Markets. How firms can respond.
| Review date | Result | Methodology | Status |
|---|---|---|---|
| 6 Oct 2026 | Trust score 83 out of 100 Strong | 1.2 | Current |
No corrections have been made to this profile.
Names GO Markets Pty Ltd (MU), a Mauritius global business company (170969) authorised by the Financial Services Commission as an investment dealer (licence GB 19024896), at Level 7, Office 9, ICONEBENE, Ebene, and warns that losses can substantially exceed the initial investment.
Lists AFSL 254963 held by GO Markets Pty Ltd (ABN 85081864039), Melbourne, from 10 March 2004, authorised to issue and make a market in derivatives and foreign exchange contracts for retail and wholesale clients.
Lists GO Markets Ltd (formerly Galactus Ltd), licence 322/17 granted on 25 April 2017, company 351644, at 38 Spyrou Kyprianou, CCS Building, Office 201, Kato Polemidia, Limassol, with approved domains www.gomarkets.eu and www.gomarkets.com/en-eu, authorised for reception and transmission of orders, execution of orders and dealing on own account in financial instruments 1 to 10, with safekeeping and foreign exchange as ancillary services.
Lists Go Markets International Ltd among licensed securities dealers at IMAD Complex, Office 12, 3rd Floor, Ile du Port, Mahe, with the website int.gomarkets.com, and Khim Khor Thiew as an accredited representative. The register does not show licence numbers.
Says GO Markets LLC is registered as a business company with the St Vincent FSA, which does not regulate or license CFD issuers. Client money is kept separately from company funds but is “treated as the legal property of GO Markets”, subject to an obligation to return an equivalent amount; retail client money is not used for hedging. Complaints go only to GO Markets’ internal process. (Scanned document; read with text recognition.)
The footer names GO Markets Pty Limited (ABN 85 081 864 039, AFSL 254963) as the CFD issuer and says retail clients have negative balance protection under ASIC’s product intervention order. The about page says GO Markets has been trading since 2006, has its head office in Melbourne and has “regulated entities in Australia, Cyprus, and Mauritius”, and the home page lists awards with the awarding bodies’ logos. Every regional site carries a risk warning that 70% of retail accounts lose money with GO Markets Ltd, the Cyprus company.
Names GO Markets Ltd (HE 351644), authorised by CySEC under licence 322/17, says it serves only EU residents, and warns that 71% of retail investor accounts lose money when trading CFDs with GO Markets Ltd; a second warning at the foot of the same page gives 70%.
Names GO Markets International Ltd (Seychelles 8425985-1), licensed by the FSA as a securities dealer (SD043), says losses may exceed the initial investment and that it uses the GO Markets trademark held by GO Markets Pty Ltd, and names GO Markets Ltd (licence 322/17) as its “EU Merchant Company”.
Names GO Markets LLC, incorporated in Saint Vincent and the Grenadines (332 LLC 2020), which uses the GO Markets trademarks with the permission of GO IP Pty Ltd of Victoria, Australia. It names no licence.
Prepared from the audited financial statements for 2025. Own funds were €1.28 million and the capital ratio 170% at 31 December 2025. The company is part of a group but is supervised on a solo basis. The board is Yaazdee Jaunbocus and Soyeb Roshanali Rangwala (executive directors), Khim Thiew Khor and Andreas Xenofontos (non-executive).
GO Markets Pty Ltd issues CFDs as principal. Client money is held on trust in segregated accounts with National Australia Bank and Commonwealth Bank of Australia and is not used for hedging. Retail leverage is capped at ASIC’s limits (30:1 for major currency pairs) and positions may be closed when the margin level falls to 50%. Section 20 sets out financing, conversion and funding charges. Unresolved complaints can go to AFCA.
GO Markets Ltd (38 Spyrou Kyprianou, CCS Building, Office 201, Kato Polemidia, Limassol), CySEC licence 322/17. Client money is segregated under the applicable regulations; retail clients have negative balance protection. Retail positions are closed automatically at a margin level of 50% or less. An inactivity fee of €15 a month applies after three months. Complaints are acknowledged within five working days and answered within two months.
Client money is paid into a segregated client account but may be withdrawn from it to transfer margin to a liquidity provider. Disputes are handled under GO Markets’ internal procedure; no external dispute body is named. Amendments take effect on written notice by email, with no minimum period.
Client money is paid into a segregated client account but may be withdrawn from it to transfer margin to a liquidity provider. Retail clients trading restricted speculative investments receive negative balance protection “in accordance with applicable laws and regulations”. Complaints are acknowledged within two business days and answered within 21 business days, after which clients may refer the matter to the FSA. Amendments take effect on written notice by email, with no minimum period.
Client money is held on trust and segregated under the client money rules. Negative balance protection applies to retail clients, except where GO Markets considers the negative balance was caused by misconduct or market abuse. Amendments are made by written notification, with no minimum notice period. Complaints go through an internal process and then to AFCA.
Gives the office as Level 7, Office 12, ICONEBENE, Ebene. Default account leverage is 100:1; positions are closed when equity covers 50% of the margin requirement, and “you will remain liable for any negative balance which cannot be covered by the closing out of your Positions”.
Gives the address T55A, Third Floor, Espace Building, Ile Du Port, Victoria, Mahe. Default leverage is 100:1, positions are closed when equity covers 50% of the margin requirement, and clients “remain liable for any negative balance which cannot be covered by the closing out of” their positions.
Positions are closed when equity covers 50% of the margin requirement, and clients remain liable for any negative balance.
Explains that GO Markets Ltd is a member of the Investor Compensation Fund for clients of Cyprus investment firms, which covers eligible clients up to €20,000.
Lists each funding method with its currencies and processing times, with withdrawals processed in one business day for cards, and says first-time deposits and withdrawals may take one to three business days and that third-party payments are not accepted.
On 6 October 2026 we searched ASIC’s licensee data, CySEC’s 1,173 board decisions, the FCA’s list, the CVM’s declaratory acts, KNF’s lists and the Indian, Securities Commission Malaysia and Bank Negara Malaysia alert lists for GO Markets and its former name Galactus, and ran web searches for actions by ASIC, CySEC and others. We found no enforcement action. The Securities Commission Malaysia’s 2024 entry concerns a possible clone of GO Markets, not the firm.
Lists Go Markets Pty Ltd (MU), Ebene, Mauritius, warned in May 2024 for soliciting over-the-counter derivatives trading over the internet without registration in Japan; the service named is “GO Markets”. The list gives the month only.
Sets out the complaints procedure and contact details, a final response within two months, and referral to the Financial Ombudsman of the Republic of Cyprus or CySEC.
Publishes indicative spreads by instrument and account type (February 2026 data) and share CFD commissions and market data fees.
The company is always the counterparty to client trades, prices come from third-party liquidity providers, and the policy explains the execution factors, requotes and slippage. A conflicts of interest policy is published alongside it.
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