Australian (ASX) Stock Market Forum

Go Markets any good for forex?

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Calm down guys!!

I like the fact that people are so obsessed with Go Markets that they need to fight about us, but perhaps it is getting a little heated...

Nobody is seeing wider spreads. Compare to this:

AUDUSD - 2.4
EURUSD - 1.2
GBPUSD - 1.8
 
Nice spreads, still a pity about fills in relatively fast paced moving markets - I forgot all about the whole requotes "feature" in MT4...
 
Click Sell/Buy....... 1 second...... "Order is accepted"..........1 second.......... "Requotes".

*rolls eyes*
 
I am surprised,, as we have a tolerance in place, but even on my test account with NO tolerance, I very rarely get requotes....

Regardless, We will have new servers very soon which will significantly increase execution speed one would think.
 
re requotes, just use the 'deviation' option to avoid them.


** requotes are synoymous with slippage when using "at market orders" with a broker who doesnt requote; so 6 of one, 1/2 dozen of other.
 
tayser said:
Click Sell/Buy....... 1 second...... "Order is accepted"..........1 second.......... "Requotes".

*rolls eyes*
Click to expand...

I have made 10-15 trades today/tonight not 1 re quote. with youtube TWS, FX trader and 2 book traders up, maybe check your internet.

Hey Tayser you still trading the rainbow?
 
tayser said:
Click Sell/Buy....... 1 second...... "Order is accepted"..........1 second.......... "Requotes".

*rolls eyes*
Click to expand...

Latency?

Hey there, have ye tried to ping go-markets? The report tells ye how long it takes (in milliseconds) for a packet of cyber dust to do a round trip to their UK server and back to your puter.

This run took 340 m/s which is way long and I do believe less than 50 m/s is optimum. (It is Dads volunteer work puter)

They have a U.K. server too I think.
 

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the collective are a bunch of random guys operating out of a house in florida under no regulations.

go have physical offices in melbourne, are regulated by asic and undergo regular auditing. they also have insurance covering clients funds should things go belly up.

there is a team of customer reps, not a few traders who also deal with operating a broker.

the dispute resolution involves asking for chris, and in my experience having it sorted within 5 minutes.

by the time you consider commissions youll be hard pushed to fund a better retail broker in the world (little own australia).

a month ago i think there were legitimate gripes about spreads and slippage. go clearly have worked to improve these and have.

i dont know if its the markets, or the improved go markets feed, but my robots have been on fire this week. more trades, more profits.

again, well done go.

if i can request anything other then server backups and ping improvements -- can we have oil + indexes to trade on mt4? a lot on your plate, but i thought id ask.
 
gomarkets.com.au = their HTTP server, we'd need them to let us know what rtheir feed server IP is in order to get an accurate idea of the latency and no doubt it's in their Melbourne office, not in the US.

My question is this: if they have a currenex feed running into MT4, why aren't Go offering Currenex Lite accounts?

I'd happily pay a commission for 2-3 pip spreads on GPY/JPY that I get on FXDD's currenex lite....

(FXDD offers: $18USD per $1,000,000USD round trip (0.3 pip on G/X, 0.15 on A/X, 0.25 on E/X), $1000USD account opening)
 
Pinging http servers is not going to give you any useful information except to tell how fast you might be able to access their web pages! Have a look in the MetaTrader config folder for the relevant .srv files and ping the ip addresses contained therein for much more useful results.



wabbit :D
 
my ping to their trading server:

67-69ms response time, occasional one higher but that happens with any communications online.

123.100.99.130 is my server i was pinging.
 
Chris, I have attached some statistics of my pings to the GoMarkets feed server. It shows all the servers my orders go through, using this you can figure out which servers are causing delays.

I would also like to agree with the other comments about introducing some indexes. You offer one of the best carry trading currencies (Turkish Lira), but I don't have anything to hedge it with.... the S&P500 is correlated quite nicely at the moment.
 

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Moring guys, cheers for your feedback on ping speed etc, but to be honest it is all a bit pointless...

This weekend we should be completing our massive server upgrades. This includes brand new main, backup and demo servers which are at leats two times as fast as the current machines. We are also doubling the available bandwidth which would both allow for increased expansion and improvement in connection.

There will of course be official emails today and over the weekend and there will be a new server address to connect to etc.

All being well, Monday morning will enable you to access the new systems and experience faster connection, improved reliability and of course, access to the same spreads.
 
i woke up with a bit of a sore back this morning.

can you fix that too? :D

all great news. hope things go to plan with your hardward update; cause inevitably they dont.
 
DB008 said:
If your so fed up with Go Markets, why not try these guys;

Got one more...

http://nordmarkets.com/index.php?option=com_frontpage&Itemid=1&lang=en
Click to expand...

I looked into NordMarkets myself a while back - garbage! $5 per 100k lot commissions, and spreads at least .5 of a pip higher than Go!

Trust me, I wanted to believe - they looked really good on the surface. I contacted them with some initial questions and they took 2 days to respond. I contacted them again asking if my deposits would have any insurance against them and I never got a response. That's all the reason I need to stay clear.

I've tested a number of broker feeds over the last few months and the only time I saw better spreads than Go was with MF Global. However, they were only slightly better and they charge commissions. You also need 25k usd to open an account.

For what Go is providing, they are a clear winner in my book. No commissions, honest, good customer service. Instead of relying on unethical tactics, they simply make their profits from a reasonable markup of the spread, as any honest broker should... and I'm happy with that!!
 
still pretty crap when trying to get a fill in a fast moving market.

currenex feed or not, MT4 is ****e when you're NOT auto-trading - and it's a real shame GoTrader has now gone as well.

And just FYI - I get instant fills on a currenex client located in the US - this isn't my machine or net connection.
 

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