Australian (ASX) Stock Market Forum

Aussie Broker using ForexMeta Platform & FX Tax?

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.

Most of my dropouts have been when placing orders or amending stops, have you seen a pattern there glen ?
 
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.

And this is the trade that could have been on the 15min NQ, went to the target, good example of why you need a reliable setup.

(click to expand)
 

Attachments

  • NQ 15 min.png
    NQ 15 min.png
    31.5 KB · Views: 8
Boggo

We haven't experienced any drop out when ordering or amending.

Biggest problem has been the spread variation on Eur.Jpy

rgds -arco
 
So far for me they are a yes as they are better than some other brokers in Oz but they could do with a slightly narrower Eur/Jpy and 2pips on Gbp/Usd would be well received.
I trade mini contracts through them and i'm relatively new to Fx but learning all the time and if I see any blatantly dodgy prices then I will go elsewhere.
 
I have that spine high at .64846. :eek:

Everything else on the 5 minute chart looks in order.

Looks like your chart spike has been doctored, ie open/close at the top.
 
????

At what time - I cant find it on Live or demo. (unless its been rectified recently)

.
 
.
How are people with live accounts going???

Anyone drawn any money back yet?

rgds - arco

Sent them an email on Thursday to transfer some money out, its in my bank account today.

So far they seem easy to get on with.
 
I've just opened an account with GO - haven't funded it yet. Had some tech problems with the port for their live server, and they seemed helpful.

To be honest, the main reason I went for them was that I like MT4 and they are the first (only?) Aussie broker offering it. I can fund in AUD, rather than send it offshore by wire and wait an extra few days for it to clear. Spreads look reasonable - not great but OK.

I expect to get started next week with live. Are they any good? Time will tell.

Has anyone noticed that the prices on the order tickets don't match the chart behind (both demo and live)? E.g. on AUD/USD the ticket says 32 / 36 but the chart behind has 32 / 35. Looks like they are spreading the price by 1 pip on the offer. When I looked on Currenex earlier in the day, the spread was 3 pips, so it sounds plausible. On gold it is more obvious. The ticket says 60 / 10 and the chart says 65 / 05 so they are adding a 5c spread either side. I know they need to make some money, but I'm surprised the platform doesn't make it look a bit more consistent.
 
FXCM are saying theyll add MT4 soon too.

in the current climate picking your broker is important.

if im going to retail trade on mt4 i pretty much want it in oz.
 
Hi FX Traders,

I use to Forex- meta demo platform at the moment and loving it.

1)Do any Aussie/broker use this Forex-Meta platform.?
The reason I ask is that I would like to go on live, but would like to know if I use American broker with the Forex-meta companies, are advantage or disadvantage due to fact its far away.

2)How does this affect the tax?:confused: How do I deal with the tax in Australia when I use a broker in USA?

Does anyone have any clue? Please help.

I being trying to get answer for a while now but no one seem to know. :banghead:

I just start joining the forum today, hoping to get answer!

Thanks,
Kristyna


Hi Kristyna
Iam searching around the web on blogs and forums trying to educate myself with regard to trading the forex markets and inparticular using EA's on MT4.
I am looking for a mentor of sorts, someone to help with my understanding of these matters.
I emigrated here from the UK 18 months ago so my network of relationships of friends & proffesionals is still growing. How have you been going since this thread began back in July '08 I think?
Thanks in anticipation of a reply
Karl
 
youll find us a friendly mob, just join in discussions.

watch out for cartman . he's trouble.

and beware of wabbit. he made seem cute but he'll soon go straight for your neck. you might need the holy hand grenade for him.
 
A Reading from the Book of Armaments, Chapter 4, Verses 16 to 20:

Then did he raise on high the Holy Hand Grenade of Antioch, saying, "Bless this, O Lord, that with it thou mayst blow thine enemies to tiny bits, in thy mercy." And the people did rejoice and did feast upon the lambs and toads and tree-sloths and fruit-bats and orangutans and breakfast cereals ... Now did the Lord say, "First thou pullest the Holy Pin. Then thou must count to three. Three shall be the number of the counting and the number of the counting shall be three. Four shalt thou not count, neither shalt thou count two, excepting that thou then proceedeth to three. Five is right out. Once the number three, being the number of the counting, be reached, then lobbest thou the Holy Hand Grenade in the direction of thine foe, who, being naughty in my sight, shall snuff it."


Sometimes it takes razor sharp fangs to the jugular to get some traders to realise that what they perceive as their foolproof trading system is in fact just as mythical as the vorpal Rabbit of Caerbannog itself! Also, the EA that "just makes money" with no knowledge or effort is also just as mythical as the legendary Black Beast of Aaaaarrrrrrggghhh.


wabbit :D
 
youll find us a friendly mob, just join in discussions.

watch out for cartman . he's trouble.

and beware of wabbit. he made seem cute but he'll soon go straight for your neck. you might need the holy hand grenade for him.

lol -----

u think im trouble --- u should meet my family :silly::jump::freak3:
 
Top