GoMarkets Discussion

What time frame are you trading? I'm on the M5 and as stated before about "freeze outs" the delay could be because of this. During these times all functions on the MT4 are stop and start in short intervals generally around big pirice movements or news times. Just part of trading against the "Virtual Dealer Plugin". Try demo-ing a non MT4 to see how you go.

Hi,

Ive spoken to a person on your helpdesk for a brief while and was advised to look into my internet connections, any spyware/adware, antivirus, firewalls, etc etc... not sure what his name was or if it was u? As ive mentioned before, ive tried all that, and infact i used a blank laptop with a brand new windows installation and just GoTrader installed and still no go. I also tried a different internet connection from a internet cafe and still the same. I am not aware of any email communication, as i have received none. I was referring to people above on this page complaining still about the executions, and hence i am not the only one.

What now? How can i contact you?

Thanks.

You are not trading against a virtual dealer plugin with us.

Topdogg you can call and speak to me. Ask for Chris Reynolds.

mines definitely running better so far.

where are clients funds kept at?

how safe are they?

I would also like to see Gomarkets open an hour earlier as some other brokers do.
I don't use EA's so any affect it would have on them would obviously not be relevant to me, but may be for others.

The main reason I would like Gomarkets to open earlier is, on occasions I would like to hold a position over the weekend, and see how the market opens for the new week before deciding whether to hold or close such a position.

At the moment I either need to close any trades on Friday night or early Sat morning that I have still open.
I am trading from Australia.

If the first hour of trading was available on the Monday, it would make holding these trades a viable option, but with the first hour of trading missing it is not viable to hold positions over the weekend as you are unable to close or modify any positions until Gomarkets opens, one hour after trading begins.

Obviously it is not a deal breaker as I'm currently happily using Gomarkets.

But it would be great if they could open that hour earlier.

Cheers

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

Hi,

I have been critical of Go markets both here and other places so to be fair I should say that today, with the markets in chaos my execution of trades has been excellent.

My trading has been awful but at least my broker worked as desired

My CPU usage for GO jumps to 50% and at the same time the platform becomes inactive anywhere from 15 seconds to one minute. GO told me that there sould be minimal CPU usage. This is even after re-installing. I trade the London open as this is the evening where I live and understand that there may be a lot of activity. Just wondering if anyone else is experinecing these "FREEZE OUTS." During these times all my MT4 functions are inactive. Quite frustrating when price moves up to 10 pips while I wait for the platform to UN FREEZE!

This really is getting retarded. The only game in town these days seems to be screw the stupid retail trader. Everybody here should get X-Trader now and start getting filled instantaneously at the CME.

You have every bank in the world here showing liquidity and making prices and there is no faster and transparent way to access it. The banks prime means of trading risk with each other is not the cash market. They deal in options dated from months to multiple years, in exotic combinations. I worked as an interbank options broker at ICAP and I've seen it at work. They use the futures market to manage their positions and durations, so ya, there is absolutely huge liquidity in this market. With interest rate arbitrage you rarely see the Euro a fraction away from it's theoretical basis, so you just have to add the basis to the cash price if that's what an issue for you and it shouldn't be as it is a very simple concept. You can go to equivalents page of the cme website and it will show you the basis in realtime. With the auto-spreader function in X you can cross up the highly liquid USD pairs to make any cross. Why keep sending off internet orders to these companies where god knows what happens if and when their technology receives your order.

How many times do you keep getting hit before you say enough is enough. If you keep putting your faith in the wonderful marketing of these dirty companies it's your own fault for being so naive and stupid. If you look at a system of expectancy one trade out of ten makes or breaks you. The difference between breaking even over months of trading or making a nice return comes down to that one out of ten. I can guarantee you that with any of these crappy reatail brokers you are going to get a problem at least that often and hence even if you have an 80% win/loss and a 1:1 RR you are still going to make nothing because of your own stupidity in trading online with a bucketshop, and every retail serving online fx broker is a bucketshop regardless of how much money they have to spend on advertising and marketing to lure in idiots who trade this way. I have been doing it because I have limited resources and wanted to use the mt4 platform, but for now on I will use mt4's great charting package but I will execute only in the light of day at the CME.

If you look at how the professionals in the institutions are trading these days you'll see that almost every professional trader, hedge fund or bank, is using X-Trader. The technology allows for a lightning fast vpn connection from your pc to the exchange. The CME has more money and more technology than all of the reatail bucketshops and the big institutional brokers put together. It truly is awesome in my opinion. And it's totally transparent and open. You cannot get screwed by anybody. Anyways, I hope to see you all there trading the way trading was meant to be. I'm done looking for the holy grail of online retail brokers. It does not exist. You will never make money no matter how good you are until you start using the same tools the pros are using and put yourself on a fair playing field.

I know what you're saying. But if a trader has less than 10K, wants to control risk on trade (micro lots), and wants fair execution, it's difficult to find a broker. The more money you have, the better access you have to a fair trading environment. But what about the little guys who aren't focused more on returns but are looking at controlling risk (I assume people realize controlling risk does lower returns), and trying to grow their account and want fair execution?

Well, you can trade mini size lots on the CME. I'm blown away. Go the CME's IMM FX part of the website. Watch some of the videos. Last week they had three days where they traded more than 100 BILLION VOLUME in the Euro. That has to be more than the top five banks put together did. The players are trading there now because they don't trust each other as counterparties. If you watch Dennis Gartman's video about CME micro futures, the 10,000 size contracts, you'll see it's the same liquidity, just the MM breaking up the bigs. They did 11,000 micro contracts in Euro on Friday. The spread can be a pip wider at times, but hey, if you have NT7 or X Trader you'll never get slipped or frozen out by your broker. I have been looking at NT7 and I'm blown away. It is ten times better than MT4, it does everything I need it to do, better. So anyways, goodbye scumbag brokers, goodbye MT4, hello to true open and fair currency market. See you all trading micros or the big lots at the CME....

I see your point and in an ideal world we would all trade on the exchanges due to more transparency and harsher exchange rules but in reality its not always possible. I have traded forex futures b4 through a broker who will remain nameless and there is still occasional slippage from time to time some positive and some negative as its still market execution and you cant always get orders filled quickly if your system lets you down albeit not as much as with some OTC brokers, but the reason I use the OTC spot forex market is the leverage , 500:1 is the stuff of a madmans dream on the futures market and margin calls can be a nightmare.
We all know that the US OTC brokers are getting squeezed by the NFA rules and the new proposed leverage restrictions, but this is simply because the members of the NFA are members of the futures exchanges and they are simply losing money due to OTC brokers taking all the business.

My main concerns about OTC brokers is that i get my hard earned winnings paid to me or my losing position margin calls deposited quickly (thats more likely). I havent had a problem with most brokers if truth be told but if I was a new trader I would rate security of cash as the highest priority and to not use anyone with zero regulation rather than worry if some brokers have a lower ping speed to another as that means jack sh*t if you dont get your cash back.

start your own thread...seems you are so in love with your broker but this is a GoMarkets thread and many people happen to like MT4 so please stop your personal promotion in anothers thread......its really tacky

Have traded on Ninja Trader the e minis and currency contract. Leverage is poor, overnight margin is a nightmare and the contract size is fixed. Maybe great for folks with big accounts but not so great for folks with a smaller size account. Regarding Ninja trader sure it is a fantastic platform but you have forgot to mentioned that you will pay a license and data feed fee.
On the CME there is always a possibility that your order does not get filled because of the rule first in gets first served. What that means your stop can get jumped.
Little hint, Google on how fair it is to trade on the CME exchange, its that easy.

Hi Chris,

For future reference could you please summarise how Go Markets would handle this trade situation

http://www.forexfactory.com/showthread.php?t=235753

Thank you

I will have someone take a look in detail at the thread and the order processing methods of MT4 and will happily post the details on here once done.

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!

just a question what happened to go trader pro i noticed its not on the website anymore?

damien

Go Trader pro is basically the currenex platform and is to be offered to clients to run side by side with MT4, we still have this platform and it will be launched to clients, there is a couple of technical glitches with connecting to the liquidity partners so we dont feel its prudent to offer it yet until they get ironed out.
We are also revamping some of the website so some pages are getting changed so that may be the cause as to why it isnt there at the moment.

Cheers