Gomarkets is an Australia-based forex and CFD broker founded in 2006. It promotes itself as a regulated, technology-focused trading platform offering access to forex, indices, commodities, shares, and crypto CFDs. Compared to many offshore brokers, Gomarkets has a stronger regulatory framework and a longer operational history.
However, despite its credibility, there are still important concerns involving withdrawals, profit disputes, offshore operations, and CFD trading risks that traders should understand before investing.
What Gomarkets Offers
Gomarkets provides:
- Forex, commodities, indices, shares, and crypto CFDs
- Platforms: MetaTrader 4, MetaTrader 5, cTrader, TradingView integration
- Over 1,000 trading instruments
- Leverage up to 1:500 in some jurisdictions
- ECN-style accounts with spreads from 0.0 pips
The broker positions itself as suitable for both beginners and advanced traders.
Strength #1: Strong Multi-Jurisdiction Regulation
One of Gomarkets’ biggest advantages is regulation:
- Regulated by ASIC (Australia)
- Licensed under CySEC (Cyprus)
- Also operates through Mauritius FSC and Seychelles FSA entities
This gives Gomarkets a stronger level of legitimacy compared to unregulated brokers.
Independent reviews describe Gomarkets as:
- “Relatively secure and transparent” under ASIC/CySEC oversight
👉 This is a major positive sign.
Strength #2: Long Operating History
- Founded in 2006
- One of the earlier Australian MetaTrader brokers
- Maintains a global presence with multilingual support
👉 Longevity adds credibility in an industry filled with short-lived brokers.
Strength #3: Positive Reviews From Many Traders
A large number of users report:
- Smooth withdrawals
- Competitive spreads
- Helpful support teams
One trader stated:
“No any problem with withdrawal.”
This suggests many clients do have positive experiences.
Red Flag #1: Profit Deduction & Withdrawal Complaints
Despite strong regulation, serious complaints still exist.
Recent trader disputes include allegations that:
- Gomarkets deducted profits from accounts
- Withdrawals were delayed or denied
- Only original deposits were returned
Examples include:
- A trader claiming over $4,000 in profits was removed
- Another user alleging the broker deducted $3,763 in gains
👉 These allegations are serious and should not be ignored.
Red Flag #2: Offshore Entity Risk
While Gomarkets has ASIC/CySEC regulation, some clients may be onboarded under:
- Mauritius FSC
- Seychelles FSA entities
This matters because:
- Offshore entities typically provide weaker investor protections
- Recovery options can become more difficult during disputes
👉 Your protection depends heavily on which entity your account falls under.
Red Flag #3: Technical & Execution Complaints
Some traders report:
- Server instability
- Slow execution
- Connection issues during volatile periods
One forum user described the broker as:
“Good on paper” but criticized technology and server reliability.
👉 Execution problems can significantly affect active traders.
Red Flag #4: Regulatory Warnings in Some Regions
Reports indicate:
- Japan’s FSA issued an alert related to unauthorized activity involving Gomarkets operations in that region
There have also been warnings about:
- Clone scam websites impersonating Gomarkets
👉 Investors should be careful to use only official domains.
Red Flag #5: CFD Trading Remains High Risk
Like most brokers:
- Gomarkets heavily promotes CFDs
- High leverage increases both gains and losses
- Most retail traders lose money trading CFDs
Gomarkets itself states:
“70% of retail investor accounts lose money trading CFDs.”
👉 This is the biggest risk factor regardless of broker quality.
The Reality: Legitimate Broker, But Not Risk-Free
To be clear:
- Gomarkets is not an anonymous offshore scam broker
- It has real regulatory licenses
- It has operated for nearly two decades
However:
- Profit deduction complaints exist
- Offshore entities weaken protections
- Technical issues and withdrawal disputes are reported
👉 This places Gomarkets in the “moderately trusted but still risky” category.
Final Verdict: Credible Broker With Important Risks To Consider
Strengths:
- ASIC and CySEC regulation
- Long operating history
- Strong platform selection
- Positive feedback from many traders
Concerns:
- Withdrawal and profit deduction complaints
- Offshore entity exposure
- Technical/server complaints
- High-risk leveraged CFD trading
Bottom Line:
Gomarkets is significantly more credible than many unregulated brokers, but traders should still proceed carefully—especially when using high leverage or trading under offshore entities.
Conclusion
Gomarkets stands out because of its:
- Stronger regulation
- Long-term industry presence
- Advanced trading infrastructure
But even regulated brokers can generate disputes and financial risk.
Before investing:
- Confirm which regulatory entity you are under
- Test withdrawals with smaller amounts first
- Understand the risks of leveraged CFD trading
Because in online trading, regulation improves safety—but it never removes risk completely.
