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 GO Markets unveils new ultra low-cost trading account, GO Plus+

Andrew Saks-McLeod, Head of Research and Analysis, ETX Capital

“There’s a growing segment of traders who prefer to work on a fixed commission basis when trading, and we felt we could do better in serving these clients.” – Christopher Gore, CEO, GO Markets

This brand-new account option seeks to reduce spreads, and therefore the overall trading costs of GO Markets clients, with the addition of aggregated Bank, Non-Bank, and ECN pricing on Margin FX (Forex) and Metals. This will enable the firm to provide spreads as low as 0.0 pips.

Using a commission-based pricing of A$3.00 per standard contract (per 100K transaction) and raw pricing across key pairs, GO Plus+ offers a new alternative to GO Markets’ existing and prospective clientele.

The GO Plus+ account is currently available for all clients with a minimum account balance of A$10,000 or over (or equivalent currency terms).

CEO, Christopher Gore is confident that the new account type will aid GO Markets’ bid to encourage traders to take a fresh look at GO’s products.

Mr Gore today explained “For us, this release is about adapting to changes in consumer preferences and continually improving on our product range. There’s a growing segment of traders who prefer to work on a fixed commission basis when trading, and we felt we could do better in serving these clients. We have also used this opportunity to re-examine our existing products and account types, and have made improvements to trading costs across the board.”

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