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GoMarkets Discussion

  • #4,161
  • Jan 20, 2012 7:27am Jan 20, 2012 7:27am
Quoting bogus
Did anyone else have a gap on the unemployment data today?
Yes, I have same gap with GoM.
  • #4,162
  • Jan 23, 2012 5:30pm Jan 23, 2012 5:30pm
Quoting fxking
if u ask me,i would have given up on GO long time ago! maybe its just me,i feel that e services offered by former Go's rep Chris is way better than current Joel,its more personal than current rep,who is abit 'cold' in handling us,Go's clients/traders,No? maybe its really me....
i am only trading spot Gold so the spread increase has had no effect on me!

scfx
The best indicator is price.
  • #4,163
  • Jan 23, 2012 11:05pm Jan 23, 2012 11:05pm
Quoting bogus
Did anyone else have a gap on the unemployment data today?
That would be because of spread widening on the real market being represented by a gap on their market maker platform. I have market maker accounts with several brokers that also showed a gap. Only my ECN broker's account had no gap.
  • #4,164
  • Jan 24, 2012 1:45am Jan 24, 2012 1:45am
I was getting executions of 8 - 10 seconds earlier.

Now I'm getting trade timeouts.. Connection dropped and couldn't log back on to MT4 server for a minute or two..
  • #4,165
  • Jan 24, 2012 8:40pm Jan 24, 2012 8:40pm
I had a few position open with Go Markets on the Euro. Some short, some long.

The net result was 0.05 lots short.

This morning my margin level (Equity/Balance) fell below 50 por cent so Go Market automatically close my olderest trade.

The net result changed from 0.05 short at 1.3025 to 0.05 long at 1.3040.

They didn't send me and e-mail or give me any warning that a position has been closed and as the result the net position of my trades had changed from short to long.

Please be aware. Other brokers just hedge the open position and let the trader decide what is his/her next move. NO GO MARKET.
  • #4,166
  • Jan 24, 2012 9:12pm Jan 24, 2012 9:12pm
I have been with G M for about one year now trading live accounts.

Right from the begining i have had problems. However, about two months ago i noticed the data feeds became even worst and waiting to place trades/exits has been one of the worst platforms i have used. As we all know stop hunting does accur, as we all know brokers etc all deny this.

Data spikes, gaps, OMG, need i say more.

Customer service has been shocking to say the least.

I opened a 5k account with GO, at the same time i open a 5k account with another broker www.dukascopy.com My GO acount has only remained at 5k and my dukas account , open at the same time is now at $24,570 in profit.

I am also looking at moving the Go account to Vantage FX, Any opinions? Or i may even go to Axi.

My advice is to stay well away from Go Markets, unless you want to get ripped.
  • #4,167
  • Jan 24, 2012 9:13pm Jan 24, 2012 9:13pm
A question for the more experienced trader.

Is Marging Level calculated as Equity/margen in use x 100%.?

Is this is the case then to have a Margin Level of 50% the free margin has to be negative. Is this correct?.
  • #4,168
  • Jan 24, 2012 9:25pm Jan 24, 2012 9:25pm
If you open the account with me with $5000 I can offer you following:

1)$300 – cash bonus
2) Autochartist
3) MyFX
4)access to Strategy tester
5)access to Strategy builder
6) VPS service
7) up to 1:500 leverage

And much better spreads than Go markets….

Regards,
  • #4,169
  • Jan 24, 2012 9:39pm Jan 24, 2012 9:39pm
There is not way my account had reach not even near a 100% Margin level.

From 1.3025 to 1.3040 at 0.05 lot is around -7 dollars.

Absolute no way.

Just be aware. Look like the problems with GoMarket are a lot worse that wider spreads.
  • #4,170
  • Jan 24, 2012 9:40pm Jan 24, 2012 9:40pm
Quoting pjpipster
If you open the account with me with $5000 I can offer you following:

1)$300 – cash bonus
2) Autochartist
3) MyFX
4)access to Strategy tester
5)access to Strategy builder
6) VPS service
7) up to 1:500 leverage

[color=#1F497D][font=Calibri]And...
eh??? You're a broker offering a service, yet you are with GO and Dukas??
FF journal: Peaks and Troffs
  • #4,171
  • Jan 24, 2012 9:57pm Jan 24, 2012 9:57pm
Quoting bogus
eh??? You're a broker offering a service, yet you are with GO and Dukas??
Not a broker.

I am with GO and Dukas, i will close the GO account tomorrow and looking at either VantageFX or AXI. and keep the account with Dukas. They ROCK.
  • #4,172
  • Jan 24, 2012 10:22pm Jan 24, 2012 10:22pm
Quoting pjpipster
Not a broker.

I am with GO and Dukas, i will close the GO account tomorrow and looking at either VantageFX or AXI. and keep the account with Dukas. They ROCK.
I don't understand what your post#4168 was about?
FF journal: Peaks and Troffs
  • #4,173
  • Jan 24, 2012 10:26pm Jan 24, 2012 10:26pm
Quoting bogus
I don't understand what your post#4168 was about?
Sorry about that post, Just researching who to go with and thats what Vantage are offering, spreads don't seem to bad either. I am not here to promote them. Because i have never traded with them.
  • #4,174
  • Jan 24, 2012 10:30pm Jan 24, 2012 10:30pm
Quoting pjpipster
Sorry about that post, Just researching who to go with and thats what Vantage are offering, spreads don't seem to bad either. I am not here to promote them. Because i have never traded with them.
oh ok I thought you were spruking.
FF journal: Peaks and Troffs
  • #4,175
  • Jan 24, 2012 10:43pm Jan 24, 2012 10:43pm
Quoting pjpipster
If you open the account with me with $5000 I can offer you following:

1)$300 – cash bonus
Wow. Just wow. What kind of dodgy backyard operation are you pushing? $300 bonus? Where does it come from? A deposit bonus given to you from the broker?

What kind of company gives it's agents a cash bonus from the deposit of a referred client? A four letter word starting with "s".
  • #4,176
  • Jan 24, 2012 10:47pm Jan 24, 2012 10:47pm
Quoting jafar00
Wow. Just wow. What kind of dodgy backyard operation are you pushing? $300 bonus? Where does it come from? A deposit bonus given to you from the broker?

What kind of company gives it's agents a cash bonus from the deposit of a referred client? A four letter word starting with "s".
That was to my email from them. I am sure if you ask you will get the same. I am pushing anything and i will not comment on this again.
  • #4,177
  • Jan 25, 2012 4:09am Jan 25, 2012 4:09am
Quoting pjpipster
Sorry about that post, Just researching who to go with and thats what Vantage are offering, spreads don't seem to bad either. I am not here to promote them. Because i have never traded with them.
I was a happy customer with Go until a few months ago, I went to Vantage but found their execution speeds from my Sydney VPS to be erratic and slow, also their data feed is severely filtered. I wonder what they're up to? For these reasons I moved over to Axitrader.

As you may see from the Axitrader thread, when I first opened my account the spreads were wider than the demo by about 0.4 pips (around the same as you get in a rebate). However, checking today it appears that the spreads of live & demo are now nearly identical. Also, there are many more ticks flowing in than either Go or Vantage had, their execution speed from my VPS is consistent and as fast as Go used to be when they were good (around 300ms). I haven't had any problems with disconnections either. So, pretty happy with Axi so far...
  • #4,178
  • Jan 25, 2012 3:51pm Jan 25, 2012 3:51pm
Thx for the post skoda, who did you use for the rebate and are you happy with them?
Good Trading
  • #4,179
  • Jan 25, 2012 5:24pm Jan 25, 2012 5:24pm
Quoting aud
Thx for the post skoda, who did you use for the rebate and are you happy with them?
Have a look at RebateFX or Cashbackforex

http://www.refundfx.com.au

http://www.cashbackforex.com
  • #4,180
  • Jan 25, 2012 6:19pm Jan 25, 2012 6:19pm
Refund FX, they called me and were certainly friendly enough, but I haven't been with them a full month yet, so can only assume they will pay up in a timely manner.
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