Australian (ASX) Stock Market Forum

Go Markets any good for forex?

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This broker is excellent in every respect (bar not being able to buy on the bid and sell on the ask). Thus far, highly recommended!
 
Hey Chris,
The order process times have slowed again bud ever since the reboot yesterday as far as I can see there is a substantial difference in processing times from 2 nights ago to last night.
Hope this is temp.
 
Hi ISPIZ,

We have not seen any difference in time here, and no other client has commented on it. We are currently performing a restart to our server following an update, but this should have no bearing on connection speed or trade times etc.

Feel free to call and we can test your connection, but since the upgrades from 2 months ago, everything has been fine. I hope it is only a temporary blip at your end.

Chris
 
Mmmmm cheers Chris seems to be ok tongiht, could have been my end this time who knows, all fixed tho so all good.
Any news on the cfds.
 
Have read this thread in it's entirety. Thank you all, very informative.
Quick intro, I have traded shares, cfds, futures but never spotFX. After reading this thread have decided to give GoMarkets a try.... so you're all to blame!

To PR@GoMarkets, Hi Chris. If I can hijack this thread and divert it towards a question regarding the synthetics GoMarkets will be offering on certain Futures (Indexes etc).
1) As has been asked earlier, any time frame for implementation? Just fine tuning the Algo's?

2)I believe you may have said earlier that trades made on these synthetics would be passed onto another entity for hedging? Will this entity have any control regarding GoMarkets platform/trade operation?

I have traded CFDs related to Futures (Indexes) before with Market Makers, and have found them not satisfied to just hedge and pocket the spread but once they realise you are a successful trader, resort to all the nefarious activities to give them the edge (platform freezes, sticky tickets, manual dealing etc). I truly hope this is not an experience I will face trading with GoMarkets.

Thanks to all contributors for making this an extremely informative thread.
 
Alpha_Bet said:
Have read this thread in it's entirety. Thank you all, very informative.
Quick intro, I have traded shares, cfds, futures but never spotFX. After reading this thread have decided to give GoMarkets a try.... so you're all to blame!

To PR@GoMarkets, Hi Chris. If I can hijack this thread and divert it towards a question regarding the synthetics GoMarkets will be offering on certain Futures (Indexes etc).
1) As has been asked earlier, any time frame for implementation? Just fine tuning the Algo's?

2)I believe you may have said earlier that trades made on these synthetics would be passed onto another entity for hedging? Will this entity have any control regarding GoMarkets platform/trade operation?

I have traded CFDs related to Futures (Indexes) before with Market Makers, and have found them not satisfied to just hedge and pocket the spread but once they realise you are a successful trader, resort to all the nefarious activities to give them the edge (platform freezes, sticky tickets, manual dealing etc). I truly hope this is not an experience I will face trading with GoMarkets.

Thanks to all contributors for making this an extremely informative thread.
Click to expand...

Hi Alpha, welcome!

We are still looking at suitable feeds and setups for these indices. It is not the easiest process because we want to ensure that we have a correct feed which can be left alone and trusted to follow the market accordingly. As for time frame, realistically, we are looking towards the end of the year.

We will of course be completely straight through processing for all contracts we offer. Our hedging partners have no access to prices/systems so you can be sure that there will be no manipulation. The nature of some CFD contracts is that they are not reliable, or do not necessarily track the market accordingly so brokers may use different methods in order to make money. As we do not do these king of things, we need to ensure we have a perfect price feed.

We actually had MetaQuotes in the office last week for a few days and we discussed the setup of these indices and the best way to arrange it.

Chris
 
Hey Chris,
Gee nice spreads this morn bud wow EU barly over 1 pip all morning very nice, I assume there were more liquidity providers added.
Keep up the good work.
 
today on demo acc I've just noticed that there is no margin call with GO and
my free margin went negative. How could this happen? :confused:
 
kbp said:
today on demo acc I've just noticed that there is no margin call with GO and
my free margin went negative. How could this happen? :confused:
Click to expand...
A good idea is to call them on the telephone for personal problems.
 
kbp said:
today on demo acc I've just noticed that there is no margin call with GO and
my free margin went negative. How could this happen? :confused:
Click to expand...

One of my colleagues who operates the live chat informed me about this. I believe you came on there through the site? It is best to call or email directly with these kind of questions as the forum is only checked sporadically.

We do have an automatic stopout procedure in place, when your equity reaches only 50% of your margin level. This of course, like most brokers means your account can go into negative free margin, but is in place to try to avoid you from going into a negative balance.

If you want further clarification, please call me.
 
PR@GoMarkets said:
One of my colleagues who operates the live chat informed me about this. I believe you came on there through the site? It is best to call or email directly with these kind of questions as the forum is only checked sporadically.

We do have an automatic stopout procedure in place, when your equity reaches only 50% of your margin level. This of course, like most brokers means your account can go into negative free margin, but is in place to try to avoid you from going into a negative balance.

If you want further clarification, please call me.
Click to expand...

thank you for your fast response :rolleyes:
yes that was me on the live chat. I realised it when I was trying to lose some money of my demo acc as I wanna see how hard it is to earn profit with just $1k capital.
He told me to call you but I posted it here because I wasn't in a rush though. Thanks A+ :)
 
Hey Guys,
Is anyone else having really slow order processing on GO my orders are consistently slow at the moment I have tried my FXDD account and thats not bad well as good as they can be lol.
I have tried all the demo mt4s I have and they are all faster and I have a ping speed of 52ms.
Has something changed Chris or ? coz the orders are painful and has been for about a week for me.
 
Hey Ispiz,
i have been having slow ordering time for quite some time and my internet connection is fine. seemed to have changed to a slower time in the last 2-3 weeks
 
Hi ISPIZ (i wish I knew your real name),

You mentioned a couple of weeks ago that it was running slow and then it was fine the next day. Could it be the same case again?

Nothing has changed at all at our end, and we are even setting up additional data centres in other locations to improve speed for clients.

There was an issue with a few ISPs at the end of last week and start of this, Internode for one. Internode actually lost connection for about 30 minutes on Friday afternoon. If you call in, we may be able to run a packet test from our server to your IP address to see if you are getting any loss of data.

As for the chart times being 30 seconds or so out with the GMT you are seeing, the MT4 system does a daily time synchronisation over the net, so there would be no reason for it to be out by more than a couple of seconds. Obviously the source can differ slightly, but I wouldn't expect it to be that much... on the plus side, if you can see 30 seconds into the future, you could start selling it as the new 'Holy Grail' FX System.
 
no, there's no advantage re price, the time difference merely paints the price bars differently to a platform in synch with GMTime

any way, dont take my word for it, check it yourself against GMTime........i dont know what Go synchs to, but it isnt GMTime

PR@GoMarkets said:
Hi ISPIZ (i wish I knew your real name),

You mentioned a couple of weeks ago that it was running slow and then it was fine the next day. Could it be the same case again?

Nothing has changed at all at our end, and we are even setting up additional data centres in other locations to improve speed for clients.

There was an issue with a few ISPs at the end of last week and start of this, Internode for one. Internode actually lost connection for about 30 minutes on Friday afternoon. If you call in, we may be able to run a packet test from our server to your IP address to see if you are getting any loss of data.

As for the chart times being 30 seconds or so out with the GMT you are seeing, the MT4 system does a daily time synchronisation over the net, so there would be no reason for it to be out by more than a couple of seconds. Obviously the source can differ slightly, but I wouldn't expect it to be that much... on the plus side, if you can see 30 seconds into the future, you could start selling it as the new 'Holy Grail' FX System.
Click to expand...
 
James Austin said:
no, there's no advantage re price, the time difference merely paints the price bars differently to a platform in synch with GMTime

any way, dont take my word for it, check it yourself against GMTime........i dont know what Go synchs to, but it isnt GMTime
Click to expand...

James,

That website seems to take the time form your computer and then make the change with regards to the time frame. For example, I just brought it up, then changed my computer time by 30 seconds, and it changed the time showing on that website. Try it for yourself, move your clock forward 20 seconds and it will change. If you edit your clock to be in sync with the MT4 and then go back to the site, it will match up. Compare it to other brokers if you have them and I am sure they will be basically the same.

Also, please note that it is not us who performs the time sync, but it is a feature built into the MT4 by the developers of the platform.
 

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