Quick Facts

• GO Markets is regulated by the Australian Securities and Investments Commission (ASIC) under AFSL number 254963
• The Australian Financial Services Licence (AFSL) is a statutory licence granted to financial services providers in Australia
• GO Markets’ AFSL regulation ensures the company meets strict capital adequacy requirements
• The company is required to have adequate risk management systems in place to protect clients’ funds
• GO Markets must comply with ASIC’s client money handling rules
• The company is subject to regular audits and reviews by ASIC to ensure compliance with regulatory requirements
• GO Markets’ AFSL regulation covers a range of financial services, including forex, CFDs, and commodities trading
• The company is required to provide transparent and fair disclosure of its services, fees, and risks to clients
• GO Markets’ AFSL regulation provides clients with access to external dispute resolution schemes, such as the Australian Financial Complaints Authority (AFCA)
• The company’s AFSL licence is a key factor in establishing trust and credibility with clients and the broader financial community

My Personal Experience with GO Markets AFSL Regulation

As a trader, I’ve always been cautious when it comes to choosing a broker. With so many options out there, it can be overwhelming. But one thing that’s always been a top priority for me is regulation. That’s why I was drawn to GO Markets and their AFSL (Australian Financial Services Licence) regulation.

What does AFSL Regulation Mean?

The Australian Securities and Investments Commission (ASIC) issues AFSLs to ensure that financial service providers, like brokers, meet certain standards. These standards cover everything from risk management to customer fund protection. In short, AFSL regulation gives me peace of mind that my broker is trustworthy and reliable.

Why is AFSL Regulation Important?

Reason	Why it matters
Security	My money is protected in segregated accounts, safe from the broker’s operational funds.
Transparency	GO Markets must disclose all relevant information, so I can make informed decisions.
Compliance	The broker is regularly audited and monitored to ensure they adhere to strict guidelines.

My Experience with GO Markets

I’ve been trading with GO Markets for over a year now, and I’ve been impressed with their commitment to AFSL regulation. From the moment I signed up, I knew I was in good hands. The registration process was smooth, and their customer support was top-notch. But what really stood out was their transparency.

Transparency in Action

One day, I received an unexpected margin call. I was concerned, but the GO Markets team walked me through the process step-by-step. They explained exactly how my funds were segregated and protected, and even provided me with regular updates on my account activity. It was clear that they took their AFSL regulation seriously>

Key Benefits of AFSL Regulation

• Segregated accounts: My funds are kept separate from the broker’s funds.
• Audits and monitoring: Regular checks ensure the broker is complying with regulations.
• Transparency: Clear and concise communication about my account and trading activity.

Challenges with AFSL Regulation

While AFSL regulation provides an added layer of security and transparency, it can also bring some challenges. For example:

• Higher fees: GO Markets may charge higher fees to compensate for the added regulatory compliance.
• Stricter requirements: Some traders may find the added requirements, such as increased margin calls, challenging to navigate.

Is AFSL Regulation Worth It?

For me, the answer is a resounding yes. The peace of mind that comes with knowing my broker is regulated and reliable is priceless. I’d rather pay a slightly higher fee than risk trading with an unregulated broker.

Frequently Asked Questions:

What is AFSL?

AFSL stands for Australian Financial Services Licence, which is a regulatory licence issued by the Australian Securities and Investments Commission (ASIC) to financial services companies. It authorizes companies to provide financial services to clients in Australia.

Is GO Markets Regulated by ASIC?

Yes, GO Markets is regulated by ASIC and holds an Australian Financial Services Licence (AFSL No. 254963). This means that GO Markets is authorized to provide financial services to clients in Australia, including offering margin FX and CFD trading products and services.

What does AFSL Regulation Mean for GO Markets Clients?

As an AFSL-regulated company, GO Markets is required to comply with strict regulatory requirements, including capital adequacy requirements, risk management standards, and disclosure requirements. This means that GO Markets clients can have confidence that their funds are protected and that the company adheres to high standards of fairness, integrity, and transparency.

How Does GO Markets Comply with AFSL Regulations?

GO Markets complies with AFSL regulations by implementing robust risk management systems, maintaining capital adequacy requirements, and adhering to strict disclosure requirements. The company also submits regular reports to ASIC and conducts regular audits to ensure compliance with regulatory requirements. Additionally, GO Markets is a member of the Australian Financial Complaints Authority (AFCA), a disputes resolution scheme that provides an avenue for clients to resolve any disputes with the company.

What are the Benefits of Trading with a Company Regulated by ASIC?

Trading with a company regulated by ASIC provides several benefits, including enhanced protection of client funds, strict regulatory oversight, and an adherence to high standards of fairness, integrity, and transparency. Additionally, ASIC regulation provides an added layer of security and credibility to GO Markets, giving clients confidence in the company’s operations and services.