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Go Markets any good for forex?

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Could someone please tell me the funding methods for USA people to GoMarkets? I take it if my FX account is in AUD then I can use PayPal and a debit/credit card? I assume PayPal will do the conversion for me. Also by bank wire?
Thanks:)
 
ChuckyDucky said:
Could someone please tell me the funding methods for USA people to GoMarkets? I take it if my FX account is in AUD then I can use PayPal and a debit/credit card? I assume PayPal will do the conversion for me. Also by bank wire?
Thanks:)
Click to expand...

Hi,

If your account is in AUD (and you are outside of Australia) you can choose to use PayPal or wire transfer. However, please note that very shortly we will have credit card systems for all account currencies available - hopefully within the next week or so.

Chris
 
Being in the USA, why not have you Oz account in US dollars?
It would avoid the issue as to when to convert between AUD and USD.
 
Thanks for the reply and Chris also replied to my chat ticket. I sent in my notarized ID docs today and will await the availability for US$ card funding.
I don't mind using bank wires but I want to start off with a small amount at first. Likely the fees will be less than my bank charges for wires.
 
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...


I trade AUD/NZD with AxisODL, what is your current spread?
 
I have an account with both.

AUDNZD

Currently AxisODL 18-22
Gomarkets 5-6 :)

Even the spread on the majors are nice and tight on opening this morning with Go.

The new feed is excellent.
 
cogs said:
I have an account with both.

AUDNZD

Currently AxisODL 18-22
Gomarkets 5-6 :)

Even the spread on the majors are nice and tight on opening this morning with Go.

The new feed is excellent.
Click to expand...

What spread do you have on EURCHF?
 
Hi guys,

Just thought I would let you know that NAB are finally finished setting up our new credit card facility, so as of next week (probably Tuesday/Wednesday) you will be able to deposit to your account using your credit card and not just for AUD accounts - it will work for AUD, USD, NZD, EUR and GBP.
 
Hi,

Does that mean automated, or as good as?

Deposit one minute balance adjusted the next? Same with withdrawls?

Many brokers lack this basic streamlining process.
 
It will not be automated, it still has to be processed manually by the accounts team.

The reason that we must do this (as would most brokers) is due to the restrictions on third party payments. We cannot accept payments to an account which comes from someone else - and most regulated brokers owuld be exactly the same.
 
PR@GoMarkets said:
Hi guys,

Just thought I would let you know that NAB are finally finished setting up our new credit card facility, so as of next week (probably Tuesday/Wednesday) you will be able to deposit to your account using your credit card and not just for AUD accounts - it will work for AUD, USD, NZD, EUR and GBP.
Click to expand...

Hello PR,

Any more news on when this will be available?

Thank you.
 
I was I guess waiting mistakenly for a reply to my card scan email before funding. I went ahead and sent the funds by debit card. Go Markets has my scan so now I just wait, no problem I hope:)
 
I resent the second card that I used for funding. The first one is my local bank that is used for USA transactions only unless I jump through hoops.
Sorry about the confusion.
New card sent again.
Thank you,
Charles
 

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