Aussie Broker using ForexMeta Platform & FX Tax?

[arco]

Hi Boggo

Thanks for the reply.

Please keep me informed once you start using the real platform

We may decide to set up a small a/c initially to see how it performs.

Speed on our demo is currently 734/3kb. (Variable)

We have 3 other brokers platforms running, so not sure if that could
make an overall difference to speed.

rgds - arco

 

[Boggo]

Speed on our demo is currently 734/3kb. (Variable)

rgds - arco

I may have got the equivalent of your 734 wrong, I was under the impression that it was a speed or rate, it actually seems to be an accumulation of something as it continues to increase, data perhaps ?

When I closed the program and restarted it then it resumed at 0 and continued to add to it. I am not sure what the right side figure is either...
Sorry arco, bum steer.

 

[arco]

.

GO MARKETS

.............my wife has been put on 'REQUEST' for orders and shes only testing the demo so far. Maybe because she almost doubled her account in 8 days?????????? There are NO INSTANT EXECUTIONS ANYMORE

Just had a chat...things may be OK

Chat Information Please wait for a site operator to respond.

Chat Information You are now chatting with 'Go Markets'

Go Markets: Hello, how can I help?

you: What has happened to the instant execution.....its now shoows 'please request'

Go Markets: Are you a client of ours and if so, what is your account number or login? Are you on the demo or the live platform?

you: Demo

Go Markets: We are looking into it now, which currency pair are you looking at?

you: Eur.Jpy

Go Markets: Please try again now and it should be fine.

you: Yes working OK again..... why would this happen????

Go Markets: The demo is just that - a demo. There might have been some updates on the server and thus restored to factory settings. The demo uses a completely different server to the live.

you: OK. This is obviously a function that is available..In what circumstances would it be used

Go Markets: All live accounts are instant exec up to 5 Million as standard - but we can raise this for individuals

you: OK thanks...


arco

 

[arco]

Any clients with real accounts had the above problems today ?????

thanks - arco

 

[Boggo]

Any clients with real accounts had the above problems today ?????

thanks - arco

Platform running, I haven't put any orders in yet arco.
I didn't go near doubling my account but had a good run without any problems on the demo.

I will let you know if there are any issues.

 

[arco]

Boggo

If you open a trade ticket you will see whats happening.

Press F9 for ticket


If it says 'request' you will see, and its the problem

If it says Sell At Market/Buy at Market all is fine

No need to place an order to check .......just close the window.

rgds - arco

 

[Boggo]

Its all fine arco, instant execution available both via F9 and right click on any of four open charts.

 

[arco]

Many thanks Boggo

Please keep us all informed of you satisfaction (or otherwise).

rgds - arco

 

[BentRod]

There are NO INSTANT EXECUTIONS ANYMORE

Yes I had this on EUR/JPY.
The button said "request for execution"

After a while it went away.

Just another trick by the looks of it.

 

[roonapa]

Live platform still running well for me, haven't experienced any request for quote.
Anyone know how to change the chart time to my time zone

 

[arco]

Oanda has a system in place which stops you loosing more than your account balance.

I could not find any reference to this on GO MARKETS web-site or in their terms and conditions (Although I do need to read them again).

However, I enquired on LIVE CHAT



Please wait for a site operator to respond.

Chat Information You are now chatting with 'Go Markets'

Go Markets: Hi,

Go Markets: How can I help?

you: Hi. With MT4 forex accounts is the risk limited to the balance of the account

Go Markets: Technically no, it is not. But we do have stop out systems in place to try to prevent this. The only reason that these would not work would be if there was a major gap between FX close on Sat morning until Open on Mon morning and only if you were holding positions over this time.

you: So during the week 24 hrs a day your stop out system would kick in and the maximum loss would be the whole account and nothing else

Go Markets: Yes.

you: Thks. In the case of an over weekend gap which gaps over the stop, does the trade stop its self out at the first gap open price

Go Markets: Yes

 

[white_goodman]

Oanda has a system in place which stops you loosing more than your account balance.

I could not find any reference to this on GO MARKETS web-site or in their terms and conditions (Although I do need to read them again).

However, I enquired on LIVE CHAT



Please wait for a site operator to respond.

Chat Information You are now chatting with 'Go Markets'

Go Markets: Hi,

Go Markets: How can I help?

you: Hi. With MT4 forex accounts is the risk limited to the balance of the account

Go Markets: Technically no, it is not. But we do have stop out systems in place to try to prevent this. The only reason that these would not work would be if there was a major gap between FX close on Sat morning until Open on Mon morning and only if you were holding positions over this time.

you: So during the week 24 hrs a day your stop out system would kick in and the maximum loss would be the whole account and nothing else

Go Markets: Yes.

you: Thks. In the case of an over weekend gap which gaps over the stop, does the trade stop its self out at the first gap open price

Go Markets: Yes

seems like any trades hoping for a gap on saturday should be made with a guaranteed stop loss on another broker as i presume GO doesnt have this feature

 

[arco]

Hi WG

Which broker/s offer this service

Thks - arco

 

[white_goodman]

Hi WG

Which broker/s offer this service

Thks - arco

ig markets have a GSL feature for forex.... the cost is an extra 3 pip spread , but if you do it jsut before trading closes no worries....

potentially you could lose very minimal but have the advantage of the gap up.. i havent done this before but id presume it would be the case

 

[white_goodman]

is there a way to change the gomarkets pricing so it hasnt got like 5 decimals?

eg


AUD 0.67150 , its sending my indicators outta wack

 

[arco]

.
How are people with live accounts going???

Anyone drawn any money back yet?

rgds - arco

 

[roonapa]

Live platform still working well. Quite impressed so far. Haven't withdrawn any funds yet but have asked question and apparently it takes about 24 hours. Might test with a small withdraw, will keep u posted.

 

[Senaka]

Any clients with real accounts had the above problems today ?????

thanks - arco

I Had the same problem with IBFX MT4 for Eur/jpy. It seems like it was a MT4 issue rather than Go Markets.

 

[Boggo]

Anyone else having problems with the real account dropping out, ie "No connection".

Happened a few times last week, I rang them up and they said they were having server issues, been off for about 10 mins now, cannot log in.

Not sure if my short on the NQ has gone through or not, it dropped out during the order being processed !

Edit: Its back now and the order didn't go through.

 

[glenn_r]

Yeah I've had a couple when I've been scalping, one cost me and one went in my favour, bloody frustrating when it drops out.