Australian (ASX) Stock Market Forum

Go Markets any good for forex?

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Just thought I would double check the spreads and make a comparison with some of the major competitors, they seem fine now and still less than most other providers but be aware as previously mentioned that the last couple of weeks wouldnt have been a good reflection due to very low liquidity in the marketplace.
 
PR@GoMarkets said:
Just thought I would double check the spreads and make a comparison with some of the major competitors, they seem fine now and still less than most other providers but be aware as previously mentioned that the last couple of weeks wouldnt have been a good reflection due to very low liquidity in the marketplace.
Click to expand...


3points/pips gbp/usd

3 points /pipseur/usd

4 points uk cfd

.8 sp500 cfd

city index

working well
 
If I opened a new account with GoMarkets tomorrow using the Metatrader 4 platform would I be able to use the GoTraderPro platform when it becomes available .... or would I have to open up a new (i.e, 2nd) account?

sleepy :)
 
sleepy said:
If I opened a new account with GoMarkets tomorrow using the Metatrader 4 platform would I be able to use the GoTraderPro platform when it becomes available .... or would I have to open up a new (i.e, 2nd) account?

sleepy :)
Click to expand...

Hi Sleepy, We are still working out the logistics and arrangements for accounts but I would expect that you would be able to use GTPro without submitting a new application. Please don't hold me to that though!
 
Tis funny you mention that liquidity thing, as they rave about how liquid it is yet as it is over a 24hr period it would seem that dilutes it some what. There just seems to be a few little windows where it is quite liquid or maybe I am getting the times wrong

Anyone have the times to trade eg in Sydney or Brisbane times?
 
wanlad1 said:
Tis funny you mention that liquidity thing, as they rave about how liquid it is yet as it is over a 24hr period it would seem that dilutes it some what. There just seems to be a few little windows where it is quite liquid or maybe I am getting the times wrong

Anyone have the times to trade eg in Sydney or Brisbane times?
Click to expand...

Budy the FX market revolves around four main interbank sessions AUS JAP UK US. The europe uk and us session have the most money going in and out hence deeper liquidity. Tighter spreads

when the minor banks are in operation NZ AUS and to a degree Japan there's less money moving in and out. wider spreads

Over Christmas to New years the banks are on holiday so less business, so LESS liquidity!

do some home work on how it works!:rolleyes:
 
yes at market orders still sticking for up to 4 seconds, shall phone


James Austin said:
Hi PR

i have reloaded the platform, have only taken 2 at market trades since doing this, they went through without delay.

But i want to put through more at market trades before drawing final conclusions.

will come back to you if the execution is delayed at all

thanks :)
JA
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Hi PR,

Sorry if this has been covered before....

When you guys provide the abilities to trade index futures and/or CFD's, will this be available in MetaTrader or the new platform, or both?

Please say 'Yes' to MT4.....

Cheers
 
Stebonachi, when I contacted my Account Manager with this question several weeks ago, was informed the Indexes etc would be made available on MT4. As we know now the ECN model is Currenex.
 
To PR

As a newbie I'd like to ask some questions. (I do have a live account, yet to be funded)

I can't seem to make it clear in my head the difference between a regular and a Learner account :banghead: What is it ?

Being so green, I want to fund my account with a small amount of $$ and use FAPturbo, as I have a full time job and can't sit in front of my PC 24/5.

I'm assuming Go Markets has no issue with Fapturbo being used ?

Oh one last question. I'd like to use a VPS. Where is your data centre located ? Ideally I'd like the VPS to be in the same city

Cheers
Graham
 
graham_h said:
To PR

As a newbie I'd like to ask some questions. (I do have a live account, yet to be funded)

I can't seem to make it clear in my head the difference between a regular and a Learner account :banghead: What is it ?

Being so green, I want to fund my account with a small amount of $$ and use FAPturbo, as I have a full time job and can't sit in front of my PC 24/5.

I'm assuming Go Markets has no issue with Fapturbo being used ?

Oh one last question. I'd like to use a VPS. Where is your data centre located ? Ideally I'd like the VPS to be in the same city

Cheers
Graham
Click to expand...


There is only one main difference between the standard account and an L-plate is that with an L-plate you can trade with smaller sizes - nano contracts, as low as 1 cent per pip.

You are welcome to use any EA, including FapTurbo.

Our server is located in Auckland, but I am yet to find any client using a vPS in New Zealand - if anyone can point me in the right direction, that would be cool. We have a number of clients using Crucial in Sydney as they seem to have a decent connection - but like all VPS systems we do not recommend any of them or are affiliated with any of them.
 
PR@GoMarkets said:
There is only one main difference between the standard account and an L-plate is that with an L-plate you can trade with smaller sizes - nano contracts, as low as 1 cent per pip.

You are welcome to use any EA, including FapTurbo.

Our server is located in Auckland, but I am yet to find any client using a vPS in New Zealand - if anyone can point me in the right direction, that would be cool. We have a number of clients using Crucial in Sydney as they seem to have a decent connection - but like all VPS systems we do not recommend any of them or are affiliated with any of them.
Click to expand...

This looks promising
http://servermax.co.nz/home/

They have specials too
http://www.webhostingtalk.com.au/australia-45/servermax-nz-50-off-any-plan-vps-nz-12-50-a-10600.html
 
seem to be having some trouble placing orders with the euro atm, keep getting, "trade context is busy", is this a problem on my end??

thanks
 
Kryzz said:
seem to be having some trouble placing orders with the euro atm, keep getting, "trade context is busy", is this a problem on my end??

thanks
Click to expand...

Trade context is busy just happens from time to time with the MT4 system. restart the platform and it will go away.
 
kbp said:
http://i48.tinypic.com/e9yigy.jpg 10.1 pips spread on GJ with GO :banghead:
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I'd be interested to see the full screenshot so I could know what time this was at - perhaps around the release of UK CPI/RPI? Obvious with feeds like ours that come from a number of institutions we are a slave to the banks that put them through!

It is currently giving around a 5-6 pip spread which is pretty normal for this pair.
 
To PR@GoMarkets:
Hi Chris. Any progress on Index trading? Spoke to my client adviser about 6 weeks ago and she couldn't enlighten me on progress.
I see a competitor has adjusted their SPI derivative contract to 1 tick spread, and adjusting hours of trade to follow Futures market.
 
Alpha_Bet said:
To PR@GoMarkets:
Hi Chris. Any progress on Index trading? Spoke to my client adviser about 6 weeks ago and she couldn't enlighten me on progress.
I see a competitor has adjusted their SPI derivative contract to 1 tick spread, and adjusting hours of trade to follow Futures market.
Click to expand...

Not any real progress so far, just in the testing stages still. We are trying to get a feed which doesn't need to be operated by dealers and can be left alone to perfectly track the market and as MT4 is not built for that, it isn't very easy to do!

A fixed 1-pip spread is an interesting offer, but is it still 1-pip in the overnight session - you can't normally get that on the futures market!

On another note, as we continue to try and improve our offering to our clients and all you traders out there who are itching to sign up, we will be having a new credit card payment system for all currency accounts. This will be easier, and cheaper than the existing PayPal method!
 
PR@GoMarkets said:
Not any real progress so far, just in the testing stages still. We are trying to get a feed which doesn't need to be operated by dealers and can be left alone to perfectly track the market and as MT4 is not built for that, it isn't very easy to do!

A fixed 1-pip spread is an interesting offer, but is it still 1-pip in the overnight session - you can't normally get that on the futures market!
Click to expand...

Thanks for the reply. The 1 point spread is for 09:50 - 16:30 AEST trading hours. The SPI CFD outside these hours is variable, tracking SYCOM.
I understand regards testing process. To be honest I have yet to find an Index, Energy etc CFD provider whose practices I didn't consider questionable.

Returning to FOREX: Would be good time to pursue U.S. customers as I'm sure you're aware. Looks like U.S. FX traders will get Max leverage of 50:1. Just hope Mr Obama doesn't get on the phone to Mr Rudd...
 
Hi guys,

Just thought I would let you all know that we have now on our site details of some VPS companies and have made arrangements to give discounts to Go Markets clients (live accounts only of course!).

Enjoy!
 

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