Australian (ASX) Stock Market Forum

Go Markets any good for forex?

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hyperseer said:
Hey Chris - I just happened to be looking at Go's reviews on forexpeacearmy and while the majority are very positive, there were a couple that seemed concerning... just wondering if you care to comment...

One person claimed that they had significantly larger spreads than their "trading partner" ... now I can understand that due to different physical locations, ISPs, network conditions, one user might not see the exact same prices as another user at a given moment, but this person complained of consistently larger spreads (as if being targeted). Are there any legitimate reasons why this could happen?

The other comment came from the site admin himself who claimed to have removed a number of fake positive reviews that were posted by GoMarkets.... say it ain't so Chris! ;)

hyperseer
Click to expand...

I'd be curious to know what currency pairs they were trading.

The spreads that I have been seeing for EUR/USD is pretty consistently <2pips (depending on the market)
 
Hi Chris, yes, I agree, one has to be weary of the comments posted on forexpeacearmy... even the site admin himself (Felix something or other) has a very shady reputation if you do some digging...

The fact that you come on here and answer any and all questions promptly and honestly speaks far louder to me than any anonymous poster's comments!! Much appreciated and keep up the good work.

hyperseer

PR@GoMarkets said:
Hyperseer,

All clients are setup on the same profile so all spreads etc will be the same. One thing to be aware of is who is posting these things. With forums such as this you must register with a genuine email address, whereas with some forums, people can post whatever they want. You only have to see some of the things written about all brokers to guage the integrity of the comments.

As for the moderator commenting on posts by Go, it seems it may have been an over zealous member of staff a while back, but that person no longer works here!

This thread seems to be as close to the facts as any out there regarding Go Markets as there is a number of actual clients on here!
Click to expand...
 
Hi,

With Mt4 and Go,can you enter a stop entry order with an attached stoploss,then turn off computer and still have them activated? Or do you have to have your comp on ?
I only ask this because I used a platform once for Futures and it had to be on for the order to be triggered.

Thanks
 
onemore said:
Hi,

With Mt4 and Go,can you enter a stop entry order with an attached stoploss,then turn off computer and still have them activated? Or do you have to have your comp on ?
I only ask this because I used a platform once for Futures and it had to be on for the order to be triggered.

Thanks
Click to expand...

if you have SL/TP set, then they will be triggered if your platform is offline.
 
Thanks Stormin Norman,

Thats good, because I want to place my orders before I go to sleep, turn off comp and know they will activate if the market reaches it. And not have to worry about electrical failure ect .

The platform I used once must of only held the orders on the software until triggered, and not on the brokers servers or something like that.

Anyway Thanks.
 
onemore said:
Thanks Stormin Norman,

Thats good, because I want to place my orders before I go to sleep, turn off comp and know they will activate if the market reaches it. And not have to worry about electrical failure ect .

The platform I used once must of only held the orders on the software until triggered, and not on the brokers servers or something like that.

Anyway Thanks.
Click to expand...

All orders are held on the server, except for trailing stops. That means you will be fine to place the orders then forget about them or turn off the computer etc.

Chris
 
lasty said:
Go markets have tight spreads but what sort of amounts can you do at the price ?
$1 mil $2 Mil $5 mil $10 mil ?
Click to expand...

Max is $1mil per trade.

I wonder, if one tried to drop $100mil on them if you could get a fill at the one price.
At 300:1 you would only need 333k to do it.

Hey Storm, wanna try it for us buddy?
 
Stormin_Norman said:
long or short the euro, do you reckon?
Click to expand...

Long for sure.

I was able to finally get my hands on some witches tears yesterday which let me finish my elixir of eternal truth. I had a serving just before and I was visited by the market gods who said that the US will be entering a period of stagflation causing rates to remain low for quite a while, making the USD a very attractive carry trade moving forward. This they told me, will cause the Euro to strengthen on a relative basis.
 
Naked shorts said:
Max is $1mil per trade.

I wonder, if one tried to drop $100mil on them if you could get a fill at the one price.
At 300:1 you would only need 333k to do it.

Hey Storm, wanna try it for us buddy?
Click to expand...

$1 mill is fairly small for what Im after.
I guess thats why they can show those tight spreads.
 
Another bank's liquidity has joined the Go Markets feed as of yesterday, so spreads may have tightened a little more now. As we continue to add more liquidity we will be able to increase the maximum one-click size.

We have a couple of new developments coming soon which I am sure will be of interest to all clients.

As for offering all the Oanda pairs, I do not know which ones they offer, but if you email me them, or send me a PM I will be able to look into it.

Chris
 

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