Australian (ASX) Stock Market Forum

Go Markets any good for forex?

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i dont know how u guys are not seeing fixed spreads? wat pairs are u looking at ... ? look at EURO - it comes to variable spreads for a minute or two, then goes back to fixed!

Anyways im not trading GO today anyways coz of these weird spreads.. been using another broker all day, more reliable, for now..
 
Hi,

Is it my PC / connection ?? this afternoon it is taking me 30 seconds to get a requote on live trading with a 30 pippette MA allowed.

The market has not moved that far within the time, seems to be a software problem somewhere.

How are others finding Go today ?
 
all seems fine for me today, spreads are very good at the moment, hong kong hotel wireless working fine.
in the uk tomorrow so will report from there.
 
Yeah I reckon theres soem deeper issues at work here will be interesting to see what happens in the near future, I would not be surprised if they went back to fixed spreads.
K
 
i got slipped 5+ pips on some EAs today. i only know cause when they tried to shut at break even they ended up at a slight loss.
 
Hi guys,

Same old same old, 30 seconds to get a requote to close a trade ..............

Go say it is a problem because I am using wireless, is anyone else using wireless and having speed problems ?

Go also said they are looking at bigger servers etc so that may help.
 
Perhaps GoMarkets are a vicitim of their own success, my experience is they are providing the best spreads & performance of all the Aust based MT4 brokers I have tested so far. Just haven't tried ForexFX because the spreads are higher (& confirms my point). Go have certainly made a lot of changes this year with servers, updates, price feed etc. I can only hope the good performance continues & improves where needed.

Chrs, Dave
 
Hey Macca,
Yep same old same old for me to, not sure what to do I want to support a local mob and really like my money being held local aswell but gee they making it hard. It really has to be a connection prob on there end coz all my other platforms are performing like usual and there are others that are having the same prob so it all points to a prob there end, as i said in a previous post it will come to a point where they will have to admit there is a prob as they have eventually done in the past and change what ever it is.
Lets hope it is soon.
K
 
i have just loaded up my go trader from uk and it is lightning fast ,it must be your internet speed regardless of what you are saying, wireless just isnt suitable for mt4 even though my wireless connection in HK was good its no where near as good as the speed im getting now.
by the way im on holiday and placing some trades , yes iam sad!!!
 
white_goodman said:
probly couldnt handle the big swiss move
Click to expand...

A platform that cant handle movements is a waste of time.Obviously they havent spent enough money on their front end system.

In FX, liquidity is the vital element of survival and if you can find a platform that provides solid liquidity through good and bad times they a worth their weight.
These platforms who claim tight spreads, offer this in calmer market conditions and then widen once the crap hits the fan, so their claim is false.
At a retail level there are a couple of platforms for FX that I would recommend for consistency.
One has DMA and suits the professional/experienced trader that has access to near enough to the wholesale market but needs a minimum of 50k to play.
The other has a fixed spread slightly wider than than most offered however those spreads very rarely change as it propelled from the biggest wholesale FX platform in the world. That suits the novice through to the professional.
I have been in this game a very long time both at the wholesale and retail levels and Im amazed at persistancy/frustrations that many traders go through to get satisfaction from a platform when there is a couple of quality offerings out there already.
 
lasty said:
A platform that cant handle movements is a waste of time.Obviously they havent spent enough money on their front end system.

In FX, liquidity is the vital element of survival and if you can find a platform that provides solid liquidity through good and bad times they a worth their weight.
These platforms who claim tight spreads, offer this in calmer market conditions and then widen once the crap hits the fan, so their claim is false.
At a retail level there are a couple of platforms for FX that I would recommend for consistency.
One has DMA and suits the professional/experienced trader that has access to near enough to the wholesale market but needs a minimum of 50k to play.
The other has a fixed spread slightly wider than than most offered however those spreads very rarely change as it propelled from the biggest wholesale FX platform in the world. That suits the novice through to the professional.
I have been in this game a very long time both at the wholesale and retail levels and Im amazed at persistancy/frustrations that many traders go through to get satisfaction from a platform when there is a couple of quality offerings out there already.
Click to expand...

50k? Dukascopy?
 
Hi all - I stumbled across this thread the other week as I was looking up feedback on Go Markets...

I'm new to trading so I have been spending the last 6 months studying and researching brokers. I was drawn to Go Markets mainly by the positive feedback on forexpeacearmy. I've had a live account for a few months now, and though I haven't made any trades yet, I've been watching the price feed.

I read a lot about Currenex being the best and how the big ECN brokers that require a large deposit give you a much more honest feed. I did some searching and ended up opening a demo account with MF Global's Currenex feed and the Strategy Runner platform.

I must say I was pleasantly surprised by the results - I compared the two feeds side by side and there were very close...

MF Global's Currenex feed has spreads that vary from 1-2 pips (no fractional pricing). Granted, Go's spread would reach a maximum of 2.5 pips on EUR at times, but most of the time it was within .5 pips. There were even times when it was less than the MF Global due to the fractional pricing!!

Now I can't speak to the requotes, but as far as Go providing a fair feed and being an honest broker - my impression is that they certainly are. I have no problem even if they added .5 of a pip to the spread as they take no commissions. Keep in mind that a broker like MF Global charges commissions ($30/million traded), and of course they require a MUCH larger deposit (25k), and you do not have the ability to trade mini lots.

Just wanted to post my observations... hope it helps.

hyperseer
 
after chatting with a person via the go markets website just now, they inform me that they are de-commissioning their Go Trader platform and no longer opening accounts. Is this correct?
 
dazers said:
after chatting with a person via the go markets website just now, they inform me that they are de-commissioning their Go Trader platform and no longer opening accounts. Is this correct?
Click to expand...

yeh i asked them 2-3 weeks ago, it is correct... in 6 months or so those instruments will be available on mt4...
 
sorry but what do you mean de-commissioning there platform? as in getting rid of there stock platform and having only mt4?
 
hyperseer said:
Hi all - I stumbled across this thread the other week as I was looking up feedback on Go Markets...

I'm new to trading so I have been spending the last 6 months studying and researching brokers. I was drawn to Go Markets mainly by the positive feedback on forexpeacearmy. I've had a live account for a few months now, and though I haven't made any trades yet, I've been watching the price feed.

I read a lot about Currenex being the best and how the big ECN brokers that require a large deposit give you a much more honest feed. I did some searching and ended up opening a demo account with MF Global's Currenex feed and the Strategy Runner platform.

I must say I was pleasantly surprised by the results - I compared the two feeds side by side and there were very close...

MF Global's Currenex feed has spreads that vary from 1-2 pips (no fractional pricing). Granted, Go's spread would reach a maximum of 2.5 pips on EUR at times, but most of the time it was within .5 pips. There were even times when it was less than the MF Global due to the fractional pricing!!

Now I can't speak to the requotes, but as far as Go providing a fair feed and being an honest broker - my impression is that they certainly are. I have no problem even if they added .5 of a pip to the spread as they take no commissions. Keep in mind that a broker like MF Global charges commissions ($30/million traded), and of course they require a MUCH larger deposit (25k), and you do not have the ability to trade mini lots.

Just wanted to post my observations... hope it helps.

hyperseer
Click to expand...


Go markets have to be doing something to make money.They either charge a commission or a spread.That could be why they requote.
Are you aware that some platforms give the price maker, normally a bank, the chance to reject the trade or accept it?

MF global charges a commission because Currenex charges them brokerage.
There is no way go markets can match a platform like Currenex without charging a brokerage fee or a spread read.
 

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