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Open Account
CFD trading
Trade CFDs on forex, commodities, indices, and more.
Open accountTo open a CFD trading account as a Company, Trust, or SMSF, apply here.
Share trading
Invest in shares and ETFs on the Australian share market.
Open accountOpen a Personal or Company/Trust/SMSF share trading account.
- CFD trading
- CFD trading
- Markets
- Markets
- Products overview
- Forex
- Commodities
- Metals
- Indices
- Shares
- Cryptocurrencies
- Treasuries
- ETFs
- Accounts
- Accounts
- Compare our accounts
- Our spreads
- Funding & withdrawals
- Open CFD account
- Try free demo
- Platforms
- Platforms
- Platforms overview
- MetaTrader 4
- MetaTrader 5
- cTrader
- cTrader copy trading
- Mobile trading platforms
- GO WebTrader
- Premium trading tools
- Premium trading tools
- Tools overview
- VPS
- Genesis
- Share trading
- Share trading
- Invest in shares
- Invest in shares
- Trade ASX shares and ETFs
- Share trading platform
- Log into share trading
- Open share trading account
- Help centre
- Downloads
- Downloads
- Android app
- iOS app
- Education
- Education
- Resources
- Resources
- News & analysis
- Education hub
- Economic calendar
- Earnings announcements
- Help & support
- Help & support
- About
- About
- About GO Markets
- Our awards
- Sponsorships
- Client support
- Client support
- Contact us
- FAQs
- Quick support
- Holiday trading hours
- Maintenance schedule
- Fraud and scam awareness
- Legal documents
- Home
- GO Markets Professional
- Home
- GO Markets Professional
- You will not benefit from the protections afforded under ASIC’s product intervention measures for CFDs, including leverage restrictions and negative balance protection.
- You will not be given a Product Disclosure Statement (PDS) or Financial Services Guide (FSG).
- The applicable Future of Financial Advice (FoFa) requirements relating to conflicted remuneration will not apply to you.
- GO Markets is not required to provide you with access to our Internal Dispute Resolution scheme but we’ll still make this service available to you at no cost.
- While you can still access the external dispute resolution provider Australian Financial Complaints Authority (AFCA), you may be treated differently given your status as an experienced wholesale investor and AFCA may exclude your matter at their discretion.
- Demonstrate your knowledge by completing our appropriateness test (75% pass mark).
AND: - Traded at least 20 trades and A$500k value per quarter with a broker for Margin FX, CFDs over Indices, Commodities, Currencies, Metals and Shares over the previous 4 quarters in 2 years
OR: - Traded at least 50 significant trades^ over the previous 12 months with a broker for Margin FX, CFDs over Indices, Commodities, Currencies, Metals and Shares.
^ A significant trade means opening a position of A$25,000 notional size for CFD shares, Margin FX, CFDs over Indices, Commodities, Currencies and Metals.
OR: - Gross annual income of over A$100,000 for the last 12 months, OR
- Savings & Investments of over A$500,000 (Excluding money in CFD Accounts).
- Net assets of at least A$2.5 million; OR
- Gross income for each of the last two financial years of at least A$250,000
- What is GO Professional?
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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.
- What is the difference between trading as a Retail and a Wholesale client?
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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.
- Will my level of client money protection change?
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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.
- Do I need to open an account before I can opt-in/request to change to Wholesale Client status?
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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.
- Can I opt-out of Wholesale Client status?
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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.
- What are the tax implications of switching to Wholesale Client status?
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There is no change in the tax status of the products we provide to clients under Wholesale client status.
- Can I use trading history from other companies to apply?
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Yes, you can use your trading history from other companies, however they must meet the required eligibility criteria.
- Can I keep my same account number?
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Yes, you will have the same account number.
- How will you know when your account has been switched to a GO Professional account?
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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 I qualify for GO Professional (Wholesale client status), will all of my accounts be reclassified?
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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.
- Will my GO Professional status expire?
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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.
- What if I am not eligible for Wholesale Client status?
-
You can still trade as a Retail client with access to the same platform and superior customer service GO Markets takes pride in.
GO Markets Professional
GO Professional Account gives you greater freedom to apply your trading strategies. You’ll enjoy higher leverage and dedicated support not available to Retail clients, plus other exclusive services.
GO Markets Professional
GO Professional Account gives you greater freedom to apply your trading strategies. You’ll enjoy higher leverage and dedicated support not available to Retail clients, plus other exclusive services.
GO Professional advantages
Higher leverage
Lower margin requirements. Trade higher volumes with less capital
Dedicated support desk
Enjoy priority level service with access to our 24/5 dedicated support desk
Negative balance protection
Single time up to A$100,000 negative balance protection
Professional reports
Gain access to complementary analysis reports from top financial institutions
Volume rebates
High-volume traders receive rebates for their trades each month. Learn more.
GO Professional vs Retail leverage
Instrument
GO Professional (Wholesale) Retail account Major forex pairs
Up to 500:1 30:1 Minor forex pairs
Up to 500:1 20:1 Major Indices
Up to 500:1 20:1 Minor Indices
Up to 200:1 10:1 Gold
Up to 500:1 20:1 Oils
Up to 200:1 10:1 Commodities
Up to 200:1 10:1 Cryptocurrencies
Up to 20:1 2:1 Shares
Up to 20:1 5:1 Things you should know
If you qualify for a GO Professional account you will be treated and classified as a Wholesale Client. This means that you will not be treated the same as a Retail client who would be afforded additional investor protections under Chapter 7 of the Corporations Act 2001 (Cth) (Act).
We will continue to fully segregate your money and assets in the same way as before – in accordance with the client money provisions of the Corporations Act 2001 (Cth).
Please note that you will not be entitled to the following protections under the Corporation Act 2001 (Cth)
Please consider the risks and other important information detailed in the Wholesale Clients Trading Information Statement and CFDs Trading Terms and Conditions.
Check your eligibility
To enjoy the benefits of becoming a GO Markets Professional Investor you need to meet the eligibility criteria of either Category A or Category B
CATEGORY A
Sophisticated Investor
To be eligible, you must meet the following criteria.
1Trading knowledge criteria
2Trading experience criteria
3Income/Assets criteria (Optional)
CATEGORY B
High Net Worth Investor
To be eligible, you'll need to meet at least one of below criteria:
Ready to GO Professional?
New clients
1.Open an account with GO Markets - Create Account
2.Log into Client Portal to complete the additional steps to upgrade to GO Professional.
3.
We may ask for additional documentation or supporting evidence.Check if your account has been upgraded to GO Professional.
Open an accountExisting clients
1.Log into your Client Portal to complete additional steps to upgrade to GO Professional.
2.
We may ask for additional documentation or supporting evidence.Check if your account has been upgraded to GO Professional.
Log into Client PortalNote you will be bound by the eligibility assessment by GO Markets. For a reminder of the requirements, check here.
What changes when you upgrade to GO Professional?
Retained protections
Waived protections
GO Professional account funds will be maintained in a segregated account
You will not receive a Product Disclosure Statement or Financial Services Guide. Product risks and other important information are detailed in our legal documents
You have the right to revert to a Retail account
You may not receive some of the protections Retail clients receive.
To the extent permitted by Part 7.8 of Division 2 of the Corporations Act, GO Professional account funds may be used for hedging, counteracting or offsetting the risks associated with the clients.
Why trade with GO Markets?
Australian regulated broker
Established in 2006, GO Markets Pty Ltd is regulated by Australian Securities and Investment Commissions (AFSL 254963).
Award-winning client support
GO Markets friendly customer support team is available 24/7 to help you with all your trading needs.
1000s of opportunities to trade
Trade a wide range of products including Forex, Share CFDs, Indices and Commodities, all from one account.
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