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GoMarkets Discussion

Quoting GoMarkets
On another note, someone on here was previously asking about getting downloadable price history on our website... is that something that many peiple woudl be interested in? if so, we will get it done. I would be keen to know how much data you would want...

Thanks!
This would be a great service to us, your customers, and I'm sure it will attract more customers in the future. How much data? (1) As much data in the reliability of which you can be sure; (2) As much as would not strain your servers, if that's a consideration.

Thanks a lot for taking this suggestion seriously!
sans peur et sans reproche
  •  FxChi
  • | Joined Dec 2007 | Status: Cash Rules Everything Around Me | 720 Posts
Quoting GoMarkets
Hello,

Thankfully the client funds arent kept under the mattress but they are held at the National Australia bank in a client trust account in accordance with the corporations act 2001 the NAB are top tier here in Australia but please feel free to do due dilligence on them or contact them directly if you are in any doubt.

Cheers
Regarding the trust account I would like some clarification please. PDS pg.10 states, "The money which we are entitled to withdraw from the trust account is treated by us as our money and is not held on trust for you. In the event of our insolvency or default you may lose any entitlement to money due from us."

So if I'm reading that accurately, should Go become insolvent, it's entitled to use money from the trust account to pay debts correct?

I understand GO is a private company so balance sheet information is not public access. Is there any type of audited statements that traders/public can view?
"Wishful thinking dies hard." Igor T.
Hi Guys!

Go Markets give a lot more liquidity than the rest!
Have a look at GBPJPY on 6 May 2010, 20:49 on their demo account.

A astonishing low of 127.67!

This is something which I don't see from other MT4 brokers' demo account. All I got was only at 129.70+.

Just wonder if any gomarkets clients had managed to win the extra 200pips dip?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy m1 06 may 2010 2049.gif Size: 10 KB
Quoting sgfxtrader
Hi Guys!

Go Markets give a lot more liquidity than the rest!
Have a look at GBPJPY on 6 May 2010, 20:49 on their demo account.

A astonishing low of 127.67!

This is something which I don't see from other MT4 brokers' demo account. All I got was only at 129.70+.

Just wonder if any gomarkets clients had managed to win the extra 200pips dip?
demo feed has nothing to do with live trading...demo accounts are garbage to even learn to trade from but a good way for brokers to convince you that you can win in forex

why do you think sooooo many people make money in demo? LOL please do not be fooled about demo accounts
Don't chase the market, Let the market come to you
Quoting Syxf
This really is getting retarded....
Hey man -

good to see another ex-icap dude.

nice post(s)

agree with the tooling; only professional hardware - at least for short term execution.

regards
daytrading
Enter Signature
Quoting FxChi
Regarding the trust account I would like some clarification please. PDS pg.10 states, "The money which we are entitled to withdraw from the trust account is treated by us as our money and is not held on trust for you. In the event of our insolvency or default you may lose any entitlement to money due from us."

So if I'm reading that accurately, should Go become insolvent, it's entitled to use money from the trust account to pay debts correct?

I understand GO is a private company so balance sheet information is not public access. Is there any...
Hello,

A new fully updated PDS has just been lodged with ASIC for approval and this will be able to view shortly, it is 100% in line with the corporations act and even discloses how much we make per trade so there is full disclosure.
Clients funds are speperate top our balance sheet and cannot be used to pay our debts but if you wish to check our financial position and our credibility you can still contact ASIC as we are fully audited on a yearly basis.

Hope this helps
Quoting Tmac
demo feed has nothing to do with live trading...demo accounts are garbage to even learn to trade from but a good way for brokers to convince you that you can win in forex

why do you think sooooo many people make money in demo? LOL please do not be fooled about demo accounts
Tmac, the chart u see is a live account chart. Tat makes me wonder why all brokers dont have tat extra 200 + pips move. e.g: Fxopen ECN and MB trading ECN.

What does yr live account chart tells u?
Quoting ilanr
This would be a great service to us, your customers, and I'm sure it will attract more customers in the future. How much data? (1) As much data in the reliability of which you can be sure; (2) As much as would not strain your servers, if that's a consideration.

Thanks a lot for taking this suggestion seriously!
Thanks that is useful for us to know. We will try and get this online within the next couple of weeks - we just need to evaluate how much reliable data we can get.

I assume just in a csv file is how people want it?

Thanks.
Quoting GoMarkets
I assume just in a csv file is how people want it?
Yup, should be perfect.

Thank you.
sans peur et sans reproche
  •  lmyyyks
  • | Joined Mar 2010 | Status: it's an "L", not an "I" | 204 Posts
Hi GoMarkets
I wonder if you disallow certain EAs to be used on your MT4 platform. I'm running an EA both on FxPro MT4 and GoMarkets MT4 demo account, however, only the one on FxPro demo is working.
Greetings daytrader....

Well, I'm back on alias, apparently FF doesn't like all of my postings. Short Term execution, in this age I don't see how you get around that. NT7 rocks, a bit memory hungry, but I'm now on the Zen Fire feed and loving the pure unfiltered ticks flowing from the CME FX platform. All I can say is it is awesome and anybody here who is still trading with the cheezey online brokers, who by the way employ many of the phoney posters on this site, for you it's time to go pro or go broke one last time and get out of here!!!

I wasted a lot of time with these crummy brokers. You'll find out that they are designed to take your money, not to make you money. Anyhow, I was about to quit this forum but though I'd say hello to you mate. We'll see if the moderator axes this posting. Did you work on the London desk? I was on the options desk in Asia... Good times, much prefer the analytics of trading to getting screamed at with bids and awfers all day though!!!

Quoting daytrading
Hey man -

good to see another ex-icap dude.

nice post(s)

agree with the tooling; only professional hardware - at least for short term execution.

regards
daytrading
Quoting lmyyyks
Hi GoMarkets
I wonder if you disallow certain EAs to be used on your MT4 platform. I'm running an EA both on FxPro MT4 and GoMarkets MT4 demo account, however, only the one on FxPro demo is working.
Hi,
No we dont disallow any EA's at all, could be a setting that needs to be altered, one of our team could help you if you like, simply call or send an email and someone will get back to you , there is no reason why it shouldnt work.

Cheers
I HAD AN ORDER SET ON EUR/USD LAST NIGHT A BUY STOP AT 1.2723 FOR 0.01 LOT. NOW I LEFT IT WENT TO BED WOKE UP MY ORDER HAD BEEN SET OFF WHEN THE PRICE DIDNT EVEN GET TO THIS LEVEL. AND IT WAS 0.05 LOT MY ORDER WAS SET OFF AT 1.2703 THATS A 20 PIP DIFFERENCE!!!!! GOMARKETS HAVE LOST MY BUSINESS AND I WOULD WARN ANYONE NOT TO GO WITH GOMARKETS DODGY DODGY DODGY!!!!!!


REGARDS damien
i pull the trigger when others are fearful---me
Quoting damosdmf
I HAD AN ORDER SET ON EUR/USD LAST NIGHT A BUY STOP AT 1.2723 FOR 0.01 LOT. NOW I LEFT IT WENT TO BED WOKE UP MY ORDER HAD BEEN SET OFF WHEN THE PRICE DIDNT EVEN GET TO THIS LEVEL. AND IT WAS 0.05 LOT MY ORDER WAS SET OFF AT 1.2703 THATS A 20 PIP DIFFERENCE!!!!! GOMARKETS HAVE LOST MY BUSINESS AND I WOULD WARN ANYONE NOT TO GO WITH GOMARKETS DODGY DODGY DODGY!!!!!!


REGARDS damien
got a screen shot of this? its in your journal
Don't chase the market, Let the market come to you
Quoting damosdmf
I HAD AN ORDER SET ON EUR/USD LAST NIGHT A BUY STOP AT 1.2723 FOR 0.01 LOT. NOW I LEFT IT WENT TO BED WOKE UP MY ORDER HAD BEEN SET OFF WHEN THE PRICE DIDNT EVEN GET TO THIS LEVEL. AND IT WAS 0.05 LOT MY ORDER WAS SET OFF AT 1.2703 THATS A 20 PIP DIFFERENCE!!!!! GOMARKETS HAVE LOST MY BUSINESS AND I WOULD WARN ANYONE NOT TO GO WITH GOMARKETS DODGY DODGY DODGY!!!!!!


REGARDS damien
Hello,
We more than aware of your emails and someone is looking into your account.
It is worth mentioning that you placed the order at 1.2703 and that was where you were executed you placed the order 1hour and 5mins befoere it was executed and if you check your journal this will be clear.
Im more than happy with your permission to post a screen shot and I will have your account manager call you if you would like.
Í would assume that when this has become clear that you will be posting a comment retracting that Go markets is dodgy.
why would i retract what i said? if not for dropouts your taking peoples money.
i will be retracting nothing

damien
i pull the trigger when others are fearful---me
Quoting damosdmf
why would i retract what i said? if not for dropouts your taking peoples money.
i will be retracting nothing

damien
Ok thats up to you of course, but your account manager will call you to discuss.

Regards
are you going to pole your customer base as to opening market hours?

I have seen one person in here who dislikes that but I would highly doubt he among the majority...
Don't chase the market, Let the market come to you
We are going to post a screenshot of your journal and of course to protect your privacy we will delete all personal details
Quoting damosdmf
why would i retract what i said? if not for dropouts your taking peoples money.
i will be retracting nothing

damien
if it was indeed filled 20 pips from entry please post the journal screen shot so we can see

if this is the case then I will stop looking at gomarkets but only on your say with no proof... I will keep waiting for answers from them
Don't chase the market, Let the market come to you
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