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Go Markets any good for forex?

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Ok that virtual dealer plug in rings alarm bells with me, mainly because its by 'Boston Technology' and FXCM advertise that their MT4 is powered by 'Boston Technology'
maybe i'm wide off the mark but I will tread with caution until I hear possitive feedback on the live FXCM MT4 platform
 
roonapa said:
Ok that virtual dealer plug in rings alarm bells with me, mainly because its by 'Boston Technology' and FXCM advertise that their MT4 is powered by 'Boston Technology'
maybe i'm wide off the mark but I will tread with caution until I hear possitive feedback on the live FXCM MT4 platform
Click to expand...

Roonapa,

this plugin was made bye Metaquotes for their subscribers...
the questions is does your broker use it? it's avalable to all MT4 brokers......

cheers
 
I've just been reading this whole thread and was wanting to know why dont you all just move to fxcm now they are here and offering MT4?? Do you think they are any better or not? I have read reviews on both and still unsure. They seem like a big company and offer similar things.

also what attracted you to Go in the first place? Was it Mt4 in Australia ? they do sound great on paper and im tempted to register but obviously they arent living up to expectations at the moment.
 
supermatt said:
I've just been reading this whole thread and was wanting to know why dont you all just move to fxcm now they are here and offering MT4?? Do you think they are any better or not? I have read reviews on both and still unsure. They seem like a big company and offer similar things.

also what attracted you to Go in the first place? Was it Mt4 in Australia ? they do sound great on paper and im tempted to register but obviously they arent living up to expectations at the moment.
Click to expand...

they just got a new currenex feed this morning, lets see how it goes before i change anything... my only problem is their notable spikages...
 
keep us informed on how that goes. will be interesting to see if any improvements occur. Those charts people posted show some nasty spikes. ouchhhhhh
 
supermatt said:
also what attracted you to Go in the first place? Was it Mt4 in Australia ? they do sound great on paper and im tempted to register but obviously they arent living up to expectations at the moment.
Click to expand...

yes mt4 in oz.

insurance on deposits.

i will be looking at how their price feed goes this week - last time it was a MAJOR cockup. hopefully theyve got it right this time.

another reason i use go is if i want to trade another security i can on their other platform after switching some $$ across. not a regular thing, but i have used it a couple of times for 'hot' stock tips.
 
still dogdy ... cannot trade at all !!!

get out as soon as possible !!! trade context is busy ?? what the ????

is busy for a long long timeeeeeeeeeeeeeeeeeeeeeeeeeeeeee like 5 minutes or more ???? i had to cancel and tried again ...
 
New feed seems to be working pretty well for me , im really liking the new spreads. Eur/GBP was under 2 pips this morning, now that is more like it.
Maybe you should reinstall the platform as I had the same kind of problems a few weeks back
 
No problems trading here (except the trader).

Got a few requotes on manual trades, but then again the yen was dropping like a stone at the time. No probs now. (Touch wood!)

The speed of the data stream seems faster.

5 digits takes a bit of getting used to.


If your trade context is busy, check all EAs that they have released their trades, freeing up the context, or shutdown MT4 and restart. You can tell your MT4 EA to use a global variable to identify which EA has the context, just remember to empty the GV when the trade is done. Search "semaphore" codes for MT4 for examples.



Hope this helps.

wabbit :D
 
thanks for the tips .. they must have done something after I log on .. after closing and opening. they do work now ..

thanks guys and sorry gomarket for the warning :d
 
im re-doing all my EAs today.

the spread limitations especially as screwed by the 5 digits.

but its par for the course.
 
I sent an e-mail to Go markets asking about the virtual dealer plug-in, here is the response l got

Dear +++++++

Many thanks for your recent enquiry.
I can confirm that Go markets does not use any virtual dealer plug ins or has any dealer intervention whatsoever. Clients trades are STP through to our liquidity providers and we receive rebates for volume of trades. Our legal documentation and risk policies that we have to adhere to do state that we pass all of our trades onto a liquidity provider.
In addition to the above we have just launched a new price feed that is direct from Currenex and is made up of 70 banks/brokers, spreads should be greatly improved to assist trading further.

Hope this helps and if you have any further questions then please don't hesitate to contact us.

Regards

Paul Hill

Go markets
Click to expand...
 
DB008 said:
I sent an e-mail to Go markets asking about the virtual dealer plug-in, here is the response l got
Click to expand...

so are they saying they are not a market maker? surely they are taking the other side of the trade?

does this mean we are getting ECN without paying commission?
 
Stormin_Norman said:
im re-doing all my EAs today.

the spread limitations especially as screwed by the 5 digits.

but its par for the course.
Click to expand...

Yes, reworking EAs is a pain, but the 3/5 digits is supposed to work in our favour? A little bit of work now might make an extra $ later down the track?

Right now, the 3 digits spread on the yen is 15 pts, or 1.5 pts in the old speak; better spread than the old two points (or 20 pts in the new speak!)



wabbit :D
 
wabbit said:
Yes, reworking EAs is a pain, but the 3/5 digits is supposed to work in our favour? A little bit of work now might make an extra $ later down the track?

Right now, the 3 digits spread on the yen is 15 pts, or 1.5 pts in the old speak; better spread than the old two points (or 20 pts in the new speak!)



wabbit :D
Click to expand...

it aint that much of an effort just anything referring to pips in the programming add a '0'
 
white_goodman said:
so are they saying they are not a market maker? surely they are taking the other side of the trade?

does this mean we are getting ECN without paying commission?
Click to expand...

everyone, even the biggest banks are market makers. there is no central market for currency. even paypal is a market maker.

why would they take the other side of the trade? and besides, if you read the PDS they are not allowed.

we are getting variable spreads. ECN is just marketing BS.
 
Stormin_Norman said:
everyone, even the biggest banks are market makers. there is no central market for currency. even paypal is a market maker.

why would they take the other side of the trade? and besides, if you read the PDS they are not allowed.

we are getting variable spreads. ECN is just marketing BS.
Click to expand...

Stormin can you expand what you mean on this. I have never seen them pass on trades to the market. If you trade a small enough market and open big volume it becomes very clear that they are not passing the trades on.
 
say clients make 50 lots of positions long and 25 short in an instance.

they match up the 25 short and long positions and take the spread.

then they take a 25 long position (at a better rate) with their counter-parties.

they then have 25+25 lots worth of spread as profit + 25 lots worth of retail spread - institutional spread.

thats how they make their money.

how do u mean youve never seen them pass on the trades??
 
Stormin_Norman said:
say clients make 50 lots of positions long and 25 short in an instance.

they match up the 25 short and long positions and take the spread.

then they take a 25 long position (at a better rate) with their counter-parties.

they then have 25+25 lots worth of spread as profit + 25 lots worth of retail spread - institutional spread.

thats how they make their money.

how do u mean youve never seen them pass on the trades??
Click to expand...
I know thats what they say they do but they don't.

Ive traded illiquid instruments with much more volume through retail FX & CFDs than whats gone through the actual market. They don't pass on to markets because I've been on the spread waiting for them to and they just don't.

where did you get this from? From them as a customer or because you have seen them pass on trades through the market or know someone personally who works for these dudes?
 

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