Go Markets any good for forex?

[>Apocalypto<]

im not whining about them but just sharing my experience of the broker.

the reason for forums like tehse to discuss brokers and other related stuff is to share ones experience. do u get that or are you too sucked in by broker/company manipulation?
i am in the process of writing and article on a comparison between the few SPOT FOREX TRADING brokers in AUSTRALIA. It is for an independant investment magazine
I am a member of many FX forums in which i discuss various brokers in particular the ones in AUSTRALIA.
So please save me your thoughts before you make a mockery of yourself.
Do you really think gomarkets is trhe only broker i trade with?
anyone had the rights to trade with any number of brokers they want to trade with.
BUt i will always be on ball on who claims to be what for the purpose of the public at large to know what is right , what is honets and what is what claims the broker/marketmaker/ecn claims to be.
My purpose is to notify the public and investors at large to my colleagues and my experience with different brokers in this country.

any objections to that mate??
i hope not

have a good weekend

ps-- pathetic requotes all day today again from gomarkets.
i hope next week things are sorted

goodbye and good weekend

It's really simple, if you're not happy with them move on.

I have gone to IB to trade FX and some futs. There is no need to keep on and on about it.

GoMarkets are are great for some traders and not for others. If they're not for you move on, we all understand and see you're not currently happy with them.

Go are trying to do something different for the retail crowd which is great but they're still a MM and that's life.

I ask anyone, where else can u trade in Australia to get a 1 pip spread on the E/$ on a 1K lot?

Good hunting

 

[stawned]

It's really simple, if you're not happy with them move on.

I have gone to IB to trade FX and some futs. There is no need to keep on and on about it.

GoMarkets are are great for some traders and not for others. If they're not for you move on, we all understand and see you're not currently happy with them.

Go are trying to do something different for the retail crowd which is great but they're still a MM and that's life.

I ask anyone, where else can u trade in Australia to get a 1 pip spread on the E/$ on a 1K lot?

Good hunting

whens the last time you have seen 1 pip spread?
cmon wake up !

i have nothing against gomarkets and i think they are great in what they are trying to do and listening to traders comments and suggestions
I am simply sharing my experience with the use of the platform and its advertised advantages on the website.
Many in here have commented on the frequency of requotes.
I have mentioned that occasional requotes are fine but numerous times--NOT ON !!

lets see how the new week rolls!

til then

 

[>Apocalypto<]

whens the last time you have seen 1 pip spread?
cmon wake up !

you did not answer my question.....

I see less then one pip on the e/$. But I am not able to get that on 1k lots.

 

[Stormin_Norman]

gomarkets arent bad at all.

the main issue has seemed to be the automatic slippage, rather then requotes.

if i got a re-quote from a plumber, id like the right to reject the new price, not have to automatically accept it.

apart from that theyve been pretty good. especially in conflict resolution.

 

[stawned]

lol--todays drama:

invalid prices and requotes galore!!

chris -- Uve gone quite?
more changes made with the risk team?

care to comment on the numerous requotes?

 

[ISPIZ]

Yep Stawned same here I am juts putting up with it until I find another suitable broker.
Gee that invalid price is wearing thin.
I wonder if the liquidity provider has any bearing on the requotes and invalid prices or is that stage of the process all Go.

 

[roonapa]

Well im back in Oz to see a tremendous victory in the ashes last night and also some good trading with Go markets. It does seem funny that its really only you 2 above that constantly complain about them. I was scalping Eur/Usd during london session with 1 requote out of 10 trades that aint bad in my book. Anyone would think you guys work for the competition.
Typical whingers!!! I think its time you guys realised that you cant trade for toffee so blame the broker and you wont be happy with any broker you choose.

 

[lasty]

Well im back in Oz to see a tremendous victory in the ashes last night and also some good trading with Go markets. It does seem funny that its really only you 2 above that constantly complain about them. I was scalping Eur/Usd during london session with 1 requote out of 10 trades that aint bad in my book. Anyone would think you guys work for the competition.
Typical whingers!!! I think its time you guys realised that you cant trade for toffee so blame the broker and you wont be happy with any broker you choose.

Liquidity in London in Euro, I wouldnt expect any requotes.
It seems however liquidity in the Asian timezone where go markets gets their pricing from can be skittish.
I think Gomarkets has the best intentions however their pricing engine from their third party doesnt.
Perhaps they need to change suppliers for this time zone.

 

[ISPIZ]

Only us 2 wow and every buggar I speak to lol, you must have family at Go thats all i can say lol.
The above post not really a winge thats why I havent been posting much coz I dont want to winge, that was a proper question actually and would be good to find out the answer.
Very good of you to tell me how my trading is going can I email you for a statement lol.

 

[ISPIZ]

On another point any word on the CFDs for the futures Chris.

 

[roonapa]

Only us 2 wow and every buggar I speak to lol, you must have family at Go thats all i can say lol.
The above post not really a winge thats why I havent been posting much coz I dont want to winge, that was a proper question actually and would be good to find out the answer.
Very good of you to tell me how my trading is going can I email you for a statement lol.

Mate if I had any relatives at GO im sure i would have made my fortune by now lol. in all seriousness though I do know what im talking about as im relatively new to trading here in Oz but i was a pro LIFFE floor trader and have worked for a leading CFD provider in the UK so know when a provider is being honest or not hence I still use Go for FX and IG for CFDs and havent gone elswhere.
Please feel free to email me a statement though.

 

[PR@GoMarkets]

On another point any word on the CFDs for the futures Chris.

We are looking at feeds etc, but it is not an immediate process.

Yep Stawned same here I am juts putting up with it until I find another suitable broker.
Gee that invalid price is wearing thin.
I wonder if the liquidity provider has any bearing on the requotes and invalid prices or is that stage of the process all Go.

lol--todays drama:

invalid prices and requotes galore!!

chris -- Uve gone quite?
more changes made with the risk team?

care to comment on the numerous requotes?

Stawned and ISPIZ, it does seem at the moment that you two are the only clients having problems. Yes, of course there may be the occasional requote for anyone, but nothing on the scale that you guys are claiming. I know I have said it all along and you guys refute it, but perhaps it is at your end? Take a look at Macca on this forum, he thought it was at our end and then reinstalled the platform and suddenly things improved. Perhaps instead of continual negative comments on here, you could call me up and see if there are any suggestions I can make because we can't get much done when I don't even know who you are.

There has been no change to our risk profile, everything is fine and it is certainly nothing to do with the liquidity provider - Currenex. As has been said they get data from 70 banks so there is an awful lot of liquidity - more than most. And again, any requotes just come through from the system if there is a big deviation caused by slow connectivity, there is no one here doing anything to your trading, or do we really care how you do your trading, as long as you do it!

This has been going on for months now and in all that time we have had only a handful of clients report any problems to us and we have quite a few more than that who give us positive feedback. I want you guys to get your trading working and your platforms going well, but there is only so much I can do form this end.

 

[ISPIZ]

Why would a relative make any diff to what you make.
I have said nothing about if you know what you are talking about or not infact you are the one insinuating we dont know what we are talking about and thats fine, im sure you would have some stories working for a mob like that just like ppl like me have aswell that have traded all kinds of diff things for 7-8 years and know when a platform is working the way it should or if there seems to be something going on, I have always been suss on mt4 and have only really used it for charting because I know the programs that can be put in place with it and I liked the idea of Go because they are prob the most honest broker I have had dealings with but it seems there is some funny stuff going on somewhere, I had better strike rate on trades going thru on FXDD at times and if you are as experienced as you say you will know what that means.
Chris even said the other day he spoke to the risk team and they adjusted the tolerance so there is scope to adjust some more im sure, it seems the probs they had with futures and diff prices have made them very paranoid about ppl taking advantage of of market pricing which is fair enough but it seems they havent met us in the middle yet its still to tight of a tolerance.
Anyway thats my take on it and if they get CFDs on futures I will most likely stay regardless of what happens because they are a honest broker I am starting to wonder about the liquidity provider tho I havent worked in the industry so dont know how all that works so cant comment to much maybe you knwo mor ethan me on that one.

 

[>Apocalypto<]

We are looking at feeds etc, but it is not an immediate process.

Stawned and ISPIZ, it does seem at the moment that you two are the only clients having problems. Yes, of course there may be the occasional requote for anyone, but nothing on the scale that you guys are claiming. I know I have said it all along and you guys refute it, but perhaps it is at your end? Take a look at Macca on this forum, he thought it was at our end and then reinstalled the platform and suddenly things improved. Perhaps instead of continual negative comments on here, you could call me up and see if there are any suggestions I can make because we can't get much done when I don't even know who you are.

I agree with this.....

If you're having that many issues why don't ring your broker!!!!!

I had invalid prices last night on an ECN OMG

 

[ISPIZ]

Hey Chirs,
Dont worry I would liek to fix it aswell so you rec reloading the platform, what about the server are we all on the same server or the server I have been told to type in a few times in the past would that make a diff at all. I have called you a few time with the same sort of probs all I got was well its ok this end, and then few days later you change the system to fix the prob so I have done that in the past.

 

[supermatt]

no shi#. leave chris alone lol.
gettin sick and tired of these same questions. He has answered them about 10 times over.

Give him a call instead of always posting the same crap.

 

[lasty]

"There has been no change to our risk profile, everything is fine and it is certainly nothing to do with the liquidity provider - Currenex. As has been said they get data from 70 banks so there is an awful lot of liquidity - more than most."

70 banks in Asia quoting prices?
Perhaps in Europe but certainly not in Asia.

Secondly Currenex has "Last Look" feature.This means the liquidity provider can accept or reject a trade when they feel like.Highly unprofessional and Im surprised this has been permitted by the authorities.

If you open yourselves up to this type pricing you are bound to get a backlash.

 

[macca]

Hi,

As my name got a mention I shall join in

I was having a LOT of problems and I did an MT4 reinstall and it did help noticeably. However that did not bring processing speed back to where it used to be in the past.

I do prefer a variable spread, I do believe that Go are trying to improve speed and reliability but I also know that other brokers are faster.

At present I am still researching and experimenting, I find demo accounts boring so I like to trade for real money even if it is only cents, Go allow me to do that in a realistic environment, so I stay.

In the event that I find something that suits me and is profitable then I shall get serious, I hope by then that Go has got there system faster and bulletproof because I would like to support them as they are in Oz and are generally helpful when contacted.

I think it does have a lot to do with how the trades are entered, if they are at market with the trader pulling the trigger they seem slow, if they are sitting on Go's system then they are fast, it is getting from the trader onto the the system that is the problem in my opinion.

I say this because when the ASX is busy then Forex trades are slow so I suspect that the software handling the transaction is the cause of the delays.

Hopefully it can all be resolved to the good

 

[Stormin_Norman]

I think it does have a lot to do with how the trades are entered, if they are at market with the trader pulling the trigger they seem slow, if they are sitting on Go's system then they are fast, it is getting from the trader onto the the system that is the problem in my opinion.

i have re-coded for this. instead of an order put through at TP, the TP mark is now set.

will let you know how much difference this makes.

 

[ISPIZ]

Couldnt agree more macca.