In Australia, clients are categorised as either Retail or Wholesale clients under the Corporations Act 2001 (Cth).

There are a few different ways Wholesale clients are assessed but we use the term ‘GO Professional’ for clients who meet the eligibility criteria.

If you are approved and classified as a GO Professional, Retail trading restrictions won’t apply to you and you will lose some Retail-only protections. You will need to assess if this is suitable for you.

All clients are classified as a Retail client unless you satisfy one of the eligibility criteria to be classified as a Wholesale client under the Corporations Act 2001 Act (Corporations Act).

Wholesale clients will get the maximum leverage allowed and will require a sophisticated understanding of the complex nature of products.

We will continue to segregate money and assets in the same way we do with a Retail client.

But we may, to the extent permitted by Part 7.8 of Division 2 of the Corporations Act, use Wholesale client money for hedging, counteracting, or offsetting the risk we incur associated with transactions we enter with the Wholesale client.

You can consider our Wholesale Clients CFDs Trading Information Statement and CFDs Trading Terms and Conditions.

Yes. Clients new to GO Markets will need to first open a Retail account before opting in/requesting for an upgrade to Wholesale client status.

Yes, you can choose to opt-out from Wholesale client status and return to Retail client status at any time by contacting our Client Services team in writing.

There is no change in the tax status of the products we provide to clients under Wholesale client status.

Yes, you can use your trading history from other companies, however they must meet the required eligibility criteria.

Yes, you will have the same account number.

You will receive an email from GO Markets confirming your new Wholesale status and your account number. Your account and login details will not change.

If you qualify for GO Professional, and you’re trading under one account name, with multiple trading accounts, then all of these accounts will be classified to GO Professional.

However, if you hold a Company account for example, this is classified as 1 Pro account application. If you also have an Individual account and a Company account, then you’ll need to apply to classify each of these accounts separately.

If you applied for GO Professional account using an individual wealth test certificate signed by an accountant, you’ll need to provide a new certificate every 2 years or use other eligibility criteria to keep your GO Professional account status active.

This is because a wealth certificate is only valid for a period of 2 years from the date of issue. It is the client’s responsibility to provide GO Markets with a new certificate or new eligibility criteria prior to expiry. Otherwise, your Pro account status will not be maintained and further disruptions might be potentially caused to your trading activities.

You can still trade as a Retail client with access to the same platform and superior customer service GO Markets takes pride in.