Today brought another piece of proof about the dynamics and complexity of the retail Forex industry. GO Markets, a retail Forex broker whose operations have until now been focused on Australia, has finally launched its brand new UK website https://gomarkets.co.uk.
The move has been widely expected: it was in December 2013 that GO Markets pledged to start offering services from London. It first launched a version of a UK website with a quiz for traders, but today the website appeared totally redesigned and ready to service the broker’s clientele in the UK and across Europe.
So, since the move was so widely expected, many of you might ask about the actual surprise element every news piece needs. Well, the website of the UK business of Vantage FX now redirects to GO Markets UK website.
The Financial Services Register shows the same information now for both VantageFX UK and GO Markets UK Trading Limited. The search redirects to the following window:
Apparently, we witness a very interesting merger in the UK retail Forex market. The Australian operations of the two brokers seem not to be affected by the move at this point.
This is an intriguing twist, as PYX Financial Group, the owner of GO Markets Pty Ltd (Australia) has earlier boasted the independence of GO Markets’ business from that of VantageFX. The group has also stated in 2013 that GO Markets would be targeting primarily Asian markets.
GO Markets UK Trading Limited is offering trading with 52 instruments (currency pairs, indices and commodities) on the MT4 platform, with the maximum leverage being 1:300.