Australian (ASX) Stock Market Forum

Go Markets any good for forex?

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great news.

last test for them is to withdraw money; which will be next week.

its good to (hopefully) have a 'world class' retail australian broker.
 
nope - their platform was very good, integrated FX, CFDs, Futures and Equities (Australia and global).

They used to be called Pacific Continental Securities. Their UK parent went belly up, traded under that name for a year or two in AU and changed to Go Markets 6-9 months ago.
 
tayser said:
nope - their platform was very good, integrated FX, CFDs, Futures and Equities (Australia and global).
Click to expand...

Just as a note they say they offer futs but its BS. the are just CFDs. And their ASX stocks are also not CHESS sponsored.
 
tayser said:
nope - their platform was very good, integrated FX, CFDs, Futures and Equities (Australia and global).

They used to be called Pacific Continental Securities. Their UK parent went belly up, traded under that name for a year or two in AU and changed to Go Markets 6-9 months ago.
Click to expand...

they offer two platforms, 1 saxo bank and 2 MT4.
 
Trembling Hand said:
Just as a note they say they offer futs but its BS. the are just CFDs. And their ASX stocks are also not CHESS sponsored.
Click to expand...

Yes its clever the way they word the ( futs ) I use them to trade their Australian 200 index March 2009 , they supply live SPI data & the commissions are 40c round trip for one micro contract 1/10th of the full ~ thats $4 .
So far so good with them :)
 
Hey guys,

Thanks a lot for all your responses - the general consensus seems to be pretty good, however I have a few more questions:

1. With regards to faxing them the withdrawal authorisation - is this a one off thing just to verify you? Or must you do it each and every time?

2. I understand that you have to use their other platform (GoTrader) to trade shares and other instruments. Any issues with this platform? I had a quick run through the demo and it seemed pretty decent at first glance.

3. A few of you have mentioned disconnections within MT4. Does the broker usually explain the cause of these after said event? I think my trading method should be able to cope with short interruptions, however it would be assuring to know the reason for them.

4. Stormin' mentioned he has two accounts. Just wanted to verify that this is allowed in the one name, as I'd ideally like to have 1 account using my main trading method and a 2nd account where I use new systems so that I can have the P/L separated.

Once again, thanks a lot for everybody's input - I owe you all a beer or two.

Cheers,

Dhruv
 
dhruv said:
Hey guys,

Thanks a lot for all your responses - the general consensus seems to be pretty good, however I have a few more questions:

1. With regards to faxing them the withdrawal authorisation - is this a one off thing just to verify you? Or must you do it each and every time?

2. I understand that you have to use their other platform (GoTrader) to trade shares and other instruments. Any issues with this platform? I had a quick run through the demo and it seemed pretty decent at first glance.

3. A few of you have mentioned disconnections within MT4. Does the broker usually explain the cause of these after said event? I think my trading method should be able to cope with short interruptions, however it would be assuring to know the reason for them.

4. Stormin' mentioned he has two accounts. Just wanted to verify that this is allowed in the one name, as I'd ideally like to have 1 account using my main trading method and a 2nd account where I use new systems so that I can have the P/L separated.

Once again, thanks a lot for everybody's input - I owe you all a beer or two.

Cheers,

Dhruv
Click to expand...

1. every time. although i scan and email it in.

2. i have never used their other platform. they have a few other markets to trade on the mt4 platform which i havent taken advantage of yet, but i plan to have a look at them at some point.

3. i mentioned disconnections one night. wabbit at the same time did not experience them. it could have been my connection which was the problem rather then theirs. it is an unknown and not a regular occurance.

4. i create different companies to trade different methods with. i am not sure about 2 accounts under the same name, a quick email to them would answer that question though. if you do send them an email, please let the rest of us know the reply.

i will call in that beer if youre in brisbane :bier:
 
dhruv said:
Hey guys,

Thanks a lot for all your responses - the general consensus seems to be pretty good, however I have a few more questions:

1. With regards to faxing them the withdrawal authorisation - is this a one off thing just to verify you? Or must you do it each and every time?

2. I understand that you have to use their other platform (GoTrader) to trade shares and other instruments. Any issues with this platform? I had a quick run through the demo and it seemed pretty decent at first glance.

3. A few of you have mentioned disconnections within MT4. Does the broker usually explain the cause of these after said event? I think my trading method should be able to cope with short interruptions, however it would be assuring to know the reason for them.

4. Stormin' mentioned he has two accounts. Just wanted to verify that this is allowed in the one name, as I'd ideally like to have 1 account using my main trading method and a 2nd account where I use new systems so that I can have the P/L separated.

Once again, thanks a lot for everybody's input - I owe you all a beer or two.

Cheers,

Dhruv
Click to expand...

I never thought we were going to get a response from you. I was starting to think you work in the R&D department for Go Markets :)
 
Re those drop-outs... fortunately I was on the right side of those spikes in the AUDUSD a few minutes ago and took my 27 pips just before it dropped out three times in 5 to 6 min while the big swings were happening... and not once now it has settled down again. :cautious:

Just spoke to them... they thought it might have been a server issue, but are passing it on to the tech team.
 
He asked if I had any other platforms on my PC. I said no, only share trading platforms... but was wondering how that would affect anything.

Just remembered I still have MFG Trader... wonder what else. I'll uninstall that and see whether I get less drop-outs.
 
Is this a go zone or not ?

Apart from the faxing/emailing for withdrawals, what else do we need to be concerned about ? Is the ECN being implemented yet ? Do they provide the same spread using mini or micro trades ?

Their spread is pretty high on some of the pairs ??? only one pair is 2 pips, mostly 3 pips and they are not that big list either so mostly bigger than 3 pips.

Thanks
 

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