Australian (ASX) Stock Market Forum

Go Markets any good for forex?

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macca said:
Hi,

Did anyone else get caught by this dirty tick ?

I guess I will be ringing Go on Monday morning:(
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That's one dirty tick alright Macca. I see the GoTrader platform looks clean. I assume you will be asking them to reimburse you any loss you incurred. Can you let us know how cooperative they are??
 
hi does anyone know if GO offer email or sms price alerts...cant see anything on the website

thks
 
mine got refunded when it his SL.... its happened a few times now.... they have quite a few charts now that are ruined with **** data.... EURAUD got **** data last night aswell
 
My account was affected by a GBP/USD spike on Friday, but they have already fixed up the trade without prompting, hope they sort out all the charts soon though
More importantly Stormin why do you say be careful with FMR lightning? i'm just demoing at the moment and even though results arent great it hasnt been terrible either.
 
Interesting.
I will demo it for a while then and see what happens.
There seem to be so many EA's available now with differing opinions it difficult to know until you demo them
 
Hi,

Go Markets have credited back my losing trade but I didn't get my profit, I do think that as I had a TP on their server I should have got that too. :(
 
Stormin_Norman said:
every broker has people bitching about them. i doubt u could find one that doesnt.

what are your personal experiences?
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Hi Norman.

I apologize for taking so long to reply. A few years ago I was on the verge of opening an account with FXCM, when Refco – at the time the biggest futures company in the world – blew up. FXCM was part of the Refco group. Clients with FXCM/Refco accounts had tremendous problems getting any of their money back.

It is possible that FXCM has mutated into a more honourable company, but for me the name FXCM will always have a bad smell about it.

Regards,
MBES
 
i suppose one of the good things about australian operations is that they have to have clients funds insured against that type of thing.
 
In an ideal world it would have been nice to have your profit aswell but im afraid you cant have your cake and eat it, at least they fixed up the accounts pretty quickly.
The new Go demo account looks ok , seems like they are giving a second go at a new feed, hope this one is better than the last.
 
Hi guys/gals,

I'm thinking of opening an account with GO Markets for Fx Trading after much ridiculous experience with CMC (worst broker IMO). Any ideas on how good this broker (GoMARKETS) is? I've just downloaded the demo, and im seeing that they have variable spreads - do anyone of you have had bad experiences with these spreads? Do they widen very often? I'm mainly an EU/EJ/GU trader. How are their spreads on the live server (i never trust what i see on the demo).

Also, do they charge commissions on this spread (like other ECN-like brokers do eg. MBT-trading group).

What about deposit and withdrawal issues? How are they in this area?

Any of you scalpers here? How do you rate this broker with intraday scalping? What about requotes - how often do you experience them?

Any overall input on this broker would be great, before i open an account!

Thanks

PS: In the demo they have 2 sort of currency values eg. "EURUSD" and "EURUSD." .. whats the difference? From what i can see, one is fixed spread, one is variable ... is this also on the live server?
 
Hi,


Go are currently trialling a new feed on their demo accounts, that could be why you have two EU pairs.

I have a live Metatrader account with them and their order processing is rather slow at the moment, can be 2-5 seconds, too slow for scalping I would think.

This could be the reason that they are looking for a new feed but as my trades are only small, (I only trade in minis), it should be a lot faster as I would be using the MM section of their business.

I get requotes often, sometimes twice on the same move, slow processing of the first entry causes requote, then after clicking on accept I get another requote, so at times it is very annoying.

Compared with other broker demos they are slower or much slower.
 
There are quite a few reasons why running your system on a DEMO account produces much different results when run on a LIVE account. Some has been written here, there is a lot more out there on the net.

Basically, a DEMO account server instantaneously fills orders, whereas in real life, this is not possible. I love it when people test their systems in the sandbox and when they actually go to play for real they get wasted. What happens in fantasy is not what happens in reality. DYOR and be very careful basing actual trading on demo account performance.


wabbit :D
 
P.S. The DEMO server vs LIVE server differences apply to all (MT4) brokers, not just GO Markets.

wabbit :D
 
Hi, Thanks for your replies :)

Wabbit, i understand the difference btwn live and demo servers - hence i wanted y'all experiences of the gomarkets live server.

I'm not a newbie when it comes to FX - so i know all about these bucketshops around on the net..

I just want a good australian broker, so i can handle my money better...

Any more experiences would be great ... thanks.

Cheers!
 
I have been using them for about 6 months, the live server apart from a few issues about a month ago seems to run fine for me with little delay. The MT4 is much quicker and responsive than the other multi product platform they have and more reliable than some of the web based platforms i have tried.
Some negatives are that i wish they would hurry up and adopt the new feed thats on the demo onto the live and also some of the night staff are a bit lapse on knowledge.
Go arent perfect but im happy to stick with them for the forseeable.
Best to make up your own mind though.
 

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