Gillybet Posted August 26, 2009 Report Posted August 26, 2009 Re: Go Markets Hi dfun20, If you are in Australia, GoMarkets is great. This is off their site today: "Go Markets are pleased to have been voted an AFR Smart Investor recommended Forex provider for 2008/2009. We are also happy to announce increased liquidity leading to improved spreads and more accurate price movements. Trade with no dealing desk and 100% Straight Through Processing and spreads regularly from as low as 0.5 pips. " I am not sure about gaining interest on money in the account- don't believe so but could be wrong Quote
fallingsaints Posted September 2, 2009 Report Posted September 2, 2009 Re: Go Markets I'm based in Australia and I find Go Markets really good. I've also been running MD on my live account, have experienced re quotes a few times, but nothing too bad. So far, I withdrew my capital which arrived in a day, their liquidity is also improving, hopefully there won't be re quotes in the future (or too many anyway) [-O< I don't think they offer interest for the funds though. Quote
Mindsphere Posted September 3, 2009 Report Posted September 3, 2009 Re: Go Markets fallingsaints: Haven't you found the off-session time spreads to be a little high? I had MD barely taking a trade every now and then because of the high spread. Quote
fallingsaints Posted September 3, 2009 Report Posted September 3, 2009 Re: Go Markets fallingsaints: Haven't you found the off-session time spreads to be a little high? I had MD barely taking a trade every now and then because of the high spread. Yeah, my MD only trades once or twice a week, I run it on vps. But I'm not too worried since I manual trade as well. I'm just going to observe and see how things will go, I'm not too keen on changing to brokers based outside Australia though. Quote
LiukK Posted September 9, 2009 Report Posted September 9, 2009 Re: Go Markets I downloaded 2 demo gomarkets mt4 platform in 2 different pc. I noticed that the first one seems to have fixed spreads (besides very low like eurusd 0.5 usdjpy 0.5 eurgbp 2 eurchf 2..). Instead the other one has true variable spread.. and this at the same time.. :-? anybody noticed the same thing or knows why? Who is live with them what spread has? Quote
fx4a Posted September 18, 2009 Report Posted September 18, 2009 Re: Go Markets I'm live. They recently updated thier platform and feed. Seems more stable now and not so many login errors as before. Spreads usd/jpy 2.5 e/u 2 g/u 2.5 a/u 1.5 Quote
fallingsaints Posted September 18, 2009 Report Posted September 18, 2009 Re: Go Markets I'm live. They recently updated thier platform and feed. Seems more stable now and not so many login errors as before. Spreads usd/jpy 2.5 e/u 2 g/u 2.5 a/u 1.5 Yeah, I've been having trades with megadroid on Go Markets the past three days. :D Quote
fx4a Posted September 18, 2009 Report Posted September 18, 2009 Re: Go Markets So has Megadroid been successful for you? How often does it trade on Gomarkets..any losses? Quote
mak2009 Posted September 19, 2009 Report Posted September 19, 2009 Re: Go Markets How is deposit and withdrawal from go markets? Is it fast? What is the best way wih less transfer fee if you live outside australia? Quote
fallingsaints Posted September 19, 2009 Report Posted September 19, 2009 Re: Go Markets How is deposit and withdrawal from go markets? Is it fast? What is the best way wih less transfer fee if you live outside australia? However, I've withdrew once from go markets, I scanned and emailed the form to them and I received my funds the very next day (aus bank account). About deposit, you'll have to contact them regarding their bank account details for USD base accounts. For AUD dollar accounts, they accept credit card deposit (plus 2.7% handling fee) via paypal and their bank account details is on the website. So if you're planning to open a USD account with them, your only deposit method would be bank transfer. Quote
fallingsaints Posted September 19, 2009 Report Posted September 19, 2009 Re: Go Markets So has Megadroid been successful for you? How often does it trade on Gomarkets..any losses? I would say MD has been pretty good for me so far. Of course there are losses, about 3 or 4 I think. But so far, I've been making about 5-10% a month from it. I risk only 4-5% of my account size each time. The number of times it trades per month varies for me. However, it trades at least once a week and at most 4 times a week. I think so far it averages about 2-3 times a week. Quote
Damodhar Posted September 25, 2009 Report Posted September 25, 2009 Re: Go Markets hmm...GO markets. for some peculiar reason my EA works worse on their updated platform than with the old.they changed something recently but dont really know what. Quote
gkapor Posted October 4, 2009 Report Posted October 4, 2009 Re: Go Markets I also have Go Markets live account and must say that my experience so far has been good too. I trade MD and FAP Turbo and they both trade well on it in comparison with other brokers’ account i.e. more trades on Go Markets accounts then on other accounts. Withdrawing money to Australian account takes only one day. Quote
gkapor Posted October 4, 2009 Report Posted October 4, 2009 Re: Go Markets Does anyone know if they offer lower spreads with commissions? Quote
hip Posted October 7, 2009 Report Posted October 7, 2009 Re: Go Markets Does anyone know if they offer lower spreads with commissions? They don't charge commissions on fx trades just low spreads most of the time though Quote
Buai Posted October 26, 2009 Report Posted October 26, 2009 Re: Go Markets I was with GO Markets till a few weeks ago...they're not ECN. Quote
funyoo Posted November 28, 2009 Report Posted November 28, 2009 Re: Go Markets I was with GO Markets till a few weeks ago...they're not ECN. It is GO Markets AUS that is an ecn. Quote
Chip4Pips Posted December 10, 2009 Report Posted December 10, 2009 Re: Go Markets Can anybody recommend a good Aussie VPS with low latency to Go Markets? Quote
crushmy Posted December 11, 2009 Report Posted December 11, 2009 Re: Go Markets They are STP, not ECN, there is a difference. However, I am live with gomarket and am very impressed with execution so far. Quote
Chip4Pips Posted April 27, 2010 Report Posted April 27, 2010 Just an FYI that GO Markets is no longer opening corporate/partnership accounts for U.S. citizens. They will honor existing accounts, but no new ones. They have not changed the verbiage on their website yet, but have made this move in response to recently enacted anti-money laundering legislation here in the States. Quote
mlee Posted April 27, 2010 Report Posted April 27, 2010 I don't recommend this broker at the moment - Especially if you scalp!! Even though spreads are excellent, there is major lag in order execution! I still have a live account but trade longer term. Alot of complaints, hope they fix it soon! Quote
epiphany Posted June 18, 2010 Report Posted June 18, 2010 Ask Go Markets about this, I think you'll find that their servers are actually located in Auckland.The company that hosts their servers also offers VPS from memory, but sorry I can't remember their name. In my opinion, this is a very honest reliable broker, you'd be hard pressed to find better. Perhaps not the best for scalping, but it is incredibly hard to make money scalping anyway. Quote
fallingsaints Posted June 18, 2010 Report Posted June 18, 2010 I'm currently with Go Markets, have been with them for awhile now. I'm trading off 15min charts, so trades last about 30mins to 3hrs, there's no lag for me. I trade between 2am-11am EST and avoid major news releases though. Quote
PuppyPower Posted December 13, 2011 Report Posted December 13, 2011 Now, their spread was horrible compared to PepperStone and AxiTrader. Guess they committed suicide by stopping IBs with rebate programs. With lesser customers trading with them, they need to increase their spread to make up the loss profit. Quote
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