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Go Markets Australia

  • #1
  • First Post: Jan 29, 2010 2:37pm Jan 29, 2010 2:37pm
Can a US. citizen open an account with this broker and what is the maximum leverage allowed? thank you
  • #2
  • Jan 29, 2010 2:57pm Jan 29, 2010 2:57pm
yes and 300:1 upon request.
  • #3
  • Jan 29, 2010 5:30pm Jan 29, 2010 5:30pm
Quoting supermatt
yes and 300:1 upon request.
This is why I'm confused about the max. leverage.http://www.gomarketsaus.com/ their site shows up to 500:1 is available.
  • #4
  • Jan 29, 2010 5:36pm Jan 29, 2010 5:36pm
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
Quoting Toothman
This is why I'm confused about the max. leverage.http://www.gomarketsaus.com/ their site shows up to 500:1 is available.


500:1 was introduced today

---------------------------------------------
http://www.myfxbook.com/members/pc8multifx
  • #5
  • Jan 29, 2010 5:37pm Jan 29, 2010 5:37pm
sorry but in my opinion there is no point guessing when you can just talk to them directly and get these questions yourself...?

just press live help and talk to them or shoot them an email due to the time difference.

im sure you can get 500:1 leverage if u just ask them, you will get 100:1 if you dont specify what you want.
  • #6
  • Jan 29, 2010 7:05pm Jan 29, 2010 7:05pm
Quoting supermatt
sorry but in my opinion there is no point guessing when you can just talk to them directly and get these questions yourself...?

just press live help and talk to them or shoot them an email due to the time difference.

im sure you can get 500:1 leverage if u just ask them, you will get 100:1 if you dont specify what you want.
Will call them monday. They were closed for the weekend when I first asked the question. If they accept US. citizens and offer 500:1 leverage, they'll be getting a lot of new business soon.
  • #7
  • Jan 29, 2010 8:15pm Jan 29, 2010 8:15pm
yep cool, thought they might be shut hope you find out what your looking for on monday
  • #8
  • Jan 31, 2010 7:55am Jan 31, 2010 7:55am
Reading their customer agreement, it looks like they're saying they can require you to keep on deposit with them as much as $5000 that would be separate money from your account. This to cover their hedging costs. If that's the case, I'm not interested. Maybe someone with an account could explain.
  • #9
  • Jan 31, 2010 8:24am Jan 31, 2010 8:24am
I don't believe that has ever applied. It may be in the terms but not enforced. Best to call them.
  • #10
  • Last Post: Jan 31, 2010 7:08pm Jan 31, 2010 7:08pm
Quoting Toothman
Reading their customer agreement, it looks like they're saying they can require you to keep on deposit with them as much as $5000 that would be separate money from your account. This to cover their hedging costs. If that's the case, I'm not interested. Maybe someone with an account could explain.
I've traded with them and it has never been the case in practice.
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