Australian (ASX) Stock Market Forum

Go Markets any good for forex?

Jump to new
Stormin_Norman said:
very excellent. if these spreads and server uptimes can be maintained go will not only be australian leader for mt4/retail forex but a world leader.

the issues have been address and solutions found; and (over)expectations of traders matched.

well done go!

atm spreads on the euro have been down to 0.3 at times.
Click to expand...

0.3? Absolutely outstanding! I would like to see if this is sustained over at last the next few weeks with platform reliability, and if so, will be changing to Go. I would expect that these type of spreads, combined with attentive customer service, would see a movement of forex traders en masse to Go.
 
euro and yen were down to 0.4 now. range between 0.4 and 1.2 for both.

like you mentioned, if this is maintained and server uptime good then gomarkets will experience good growth.

just hope they can keep up with the demands that brings.
 
I'm not sure if I just wasn't around at the right time yesterday, but my spreads seem no different today.

As of 9:23am (Sydney time) I'm showing:
EUR/JPY - 3.4pips
EUR/USD - 2.0pips
GBP/USD - 4.0pips

I realise we're only in the Asian session, but many brokers seem to maintain better spreads than this presently.

i.e. Dukascopy's showing 1 for EY, EU and 1.5 for GU.
 
Spreads are great Chris...thanks for working on it!

Watching the EG go down to 1 at times last night, up a bit over morning session as usual, but gee that's darn good.

chrs, Dave
 
Still seeing around 3.5 for EY & 4 for GU presently.

How can small brokers like TheCollectiveFX be showing spreads of between 0.5-1.5 on the GU and under 2 for the EY when they're only connected to a small institutional feed? I just don't get it.
 
Mindsphere said:
I'm not sure if I just wasn't around at the right time yesterday, but my spreads seem no different today.

As of 9:23am (Sydney time) I'm showing:
EUR/JPY - 3.4pips
EUR/USD - 2.0pips
GBP/USD - 4.0pips

I realise we're only in the Asian session, but many brokers seem to maintain better spreads than this presently.

i.e. Dukascopy's showing 1 for EY, EU and 1.5 for GU.
Click to expand...

have a look at 5pm today.
 
professor_frink said:
:banghead::banghead:

Then go trade the asian session with another broker and stop complaining.
Click to expand...

I'd love to. Unfortunately:

1. MB Trading isn't currently accepting anyone for their MT4 platform (still in Beta)
2. Dukascopy doesn't offer MT4.
3. TheCollectiveFX stopped accepting applications the day I lodged mine. I don't know if they're going to process as they're moving liquidity providers (to Deutsche Bank).

That leaves me with Go presently.

I would like to hear from the official rep if there will be improvements in the Asian session. That is why I am posting here. Isn't this what the thread is for?

Many people seemed to post about great spreads last night - that's good. I unfortunately wasn't around to see them. I was hoping we'd see improved spreads in the Asian session. They look identical to what I saw yesterday morning. That is why I query what's going on.

My other thought was that perhaps I'm not seeing the same spreads as everyone else (someone else seemed to have that issue, or was he a troll?). Hence why I posted mine. Again, for reference, at 12:40pm:

EU: 1-1.5
GU: 3.5-4.0
EY: 2.5-3
 
Mindsphere said:
That leaves me with Go presently.

I would like to hear from the official rep if there will be improvements in the Asian session. That is why I am posting here. Isn't this what the thread is for?

Many people seemed to post about great spreads last night - that's good. I unfortunately wasn't around to see them. I was hoping we'd see improved spreads in the Asian session. They look identical to what I saw yesterday morning. That is why I query what's going on.

My other thought was that perhaps I'm not seeing the same spreads as everyone else (someone else seemed to have that issue, or was he a troll?). Hence why I posted mine. Again, for reference, at 12:40pm:

EU: 1-1.5
GU: 3.5-4.0
EY: 2.5-3
Click to expand...

Well, I must say that you are the first to make a negative comment, but I know there is always someone who doesn't like what is on offer!

Let me address a couple of the points you have mentioned - DukasCopy charge a commission per trade as far as I am aware, you would need to add that to their spread to get a better comparison, so do ECNs.

TheCollectiveFX charge a farily hefty monthly fee if you want an account which allows you to do decent sizes (around US$1k per month).

We do not have a monthly fee and we do not charge commisison, the spreads are effectively all you pay.

And finally, seeing something consistently below 2 pips on EURUSD during the Asian session and in your example between 1-1.5 is excellent in my opinion, and it seems everyone else agrees. In front of me at the moment I have 1.4 on EURUSD, 1.2 on USDJPY, 3.9 on GBPUSD and 2.3 on AUDUSD. They are pretty good, in my view!! I have compared them with other similar style brokers and in the most part they come out more favourable. Yes, I know cable is wide during the Asian session, but that is because liquidity disappears. Seriously, take a look tonight.

Having said all that, we are not satisfied to just upgrade 1 thing and hope that clients are happy. We are actively working to plug in extra liquidity and to always improve what is on offer. Over the coming months you will see some significant changes and upgrades which will only improve your trading possibilities with Go.
 
Don't get me wrong, PR. I think the EU spread is great.

I'm concerned about GU & EY.

GU is currently 4 on Go.

On TheCollectiveFX it's 1.3.

Their comission for the $147 monthly plan is ~$3 (roundtrip) / 100k or 0.3 pips

So their spread is 1.6

Similarly the EY is currently 3-4 on Go.

On TCFX it's 1.3 + .3 = 1.6.

I don't seek to attack your company, and I appreciate the effort you're putting in to improve the service for us all. I guess I'm just baffled as to how a couple of traders can band together, form a collective, and get great rates like that. Supposedly after the move this week to Deutsche Bank their spreads will be even lower. At the same time, a proper company, such as yours, has a hard time getting anywhere close to those spreads. Have you perhaps explored Deutsche Bank as a liquidity provider?

Again, no disrespect intended. I look forward to seeing improvements in the future, and I'll be watching out for the improved spreads tonight.
 
Mindsphere said:
Don't get me wrong, PR. I think the EU spread is great.

I'm concerned about GU & EY.

GU is currently 4 on Go.

On TheCollectiveFX it's 1.3.

Their comission for the $147 monthly plan is ~$3 (roundtrip) / 100k or 0.3 pips

So their spread is 1.6

Similarly the EY is currently 3-4 on Go.

On TCFX it's 1.3 + .3 = 1.6.

I don't seek to attack your company, and I appreciate the effort you're putting in to improve the service for us all. I guess I'm just baffled as to how a couple of traders can band together, form a collective, and get great rates like that. Supposedly after the move this week to Deutsche Bank their spreads will be even lower. At the same time, a proper company, such as yours, has a hard time getting anywhere close to those spreads. Have you perhaps explored Deutsche Bank as a liquidity provider?

Again, no disrespect intended. I look forward to seeing improvements in the future, and I'll be watching out for the improved spreads tonight.
Click to expand...

another cry baby.....

on ATC a ECN MT4 broker the cable is 3.3 right now... that's life deal with it and move on
 
>Apocalypto< said:
another cry baby.....

on ATC a ECN MT4 broker the cable is 3.3 right now... that's life deal with it and move on
Click to expand...

Right, so I'm a crybaby for querying why the spreads can't be better when clearly some ECN brokers are able to deliver them? Honestly.

ATC is using FXCM (no longer Hotspot) for their feed nowadays as far as I understand. Hence the substandard spreads.
 
Mindsphere said:
Right, so I'm a crybaby for querying why the spreads can't be better when clearly some ECN brokers are able to deliver them? Honestly.

ATC is using FXCM (no longer Hotspot) for their feed nowadays as far as I understand. Hence the substandard spreads.
Click to expand...

LOL yes they use a Feed from FXCM but the feed is actually better then Hotspot much better......

OMG, are GoMarkets an ECN do they charge coms? NO..... they're an ECN style do u understand that fact????? :rolleyes:

go do some trading and stop your blame game jeezzzzzz
 
>Apocalypto< said:
LOL yes they use a Feed from FXCM but the feed is actually better then Hotspot much better......

OMG, are GoMarkets an ECN do they charge coms? NO..... they're an ECN style do u understand that fact????? :rolleyes:

go do some trading and stop your blame game jeezzzzzz
Click to expand...


LOL omgz how cuddve i been so stupid???? I shuddn't ask question i shud jus trayde amirite?

:rolleyes:

I'm a customer, so's everyone else here. Why can't I point out that some people are managing to get better spreads and query whether or not we can hope to see similar in future? This thread is a discussion about Go. I'm discussing them.

TheCollectiveFX are an STP MT4 broker. Their monthly fees equate to about $3/lot roundtrip. I am comparing apples with apples. I know we can't expect spreads quite as low as them as they're non-profit, but if they're showing 2-3 times lower on GU and EY than Go, surely there is room for improvement. That is my point and my question. Everyone would benefit, including Go (more custom).
 
Mindsphere said:
LOL omgz how cuddve i been so stupid???? I shuddn't ask question i shud jus trayde amirite?

:rolleyes:

I'm a customer, so's everyone else here. Why can't I point out that some people are managing to get better spreads and query whether or not we can hope to see similar in future? This thread is a discussion about Go. I'm discussing them.
Click to expand...

you're stupid cuz you ask this on a public forum.... what you can't afford the cost to phone them and ask why you have wider spreads?
 
>Apocalypto< said:
you're stupid cuz you ask this on a public forum.... what you can't afford the cost to phone them and ask why you have wider spreads?
Click to expand...

Are you trying to be antagonistic? Stop trolling. If you don't want to discuss Go then why are you in this thread?

There's a rep here for a reason. I'm asking questions. That is all.
 
Mindsphere said:
Are you trying to be antagonistic? Stop trolling. If you don't want to discuss Go then why are you in this thread?

There's a rep here for a reason. I'm asking questions. That is all.
Click to expand...

I am a customer of GoMarkets douche bag

why dont u call them and talk about your issues instead of crying on a public forum.

I have a feeling stawned has a new nick mods, please check it out.
 

Similar threads

TulipFX
How to select a Forex Broker
Replies
6
Views
3K
T0BY
T0BY
Top