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GoMarkets Discussion

  • #3,421
  • Oct 27, 2011 12:55am Oct 27, 2011 12:55am
Hi, can anyone plz confirm the spread on EU right now ... Im getting an avg of 2.5 pips for the last few hrs .. Thnx
  • #3,422
  • Oct 27, 2011 1:37am Oct 27, 2011 1:37am
Quoting fxganstah
Hi, can anyone plz confirm the spread on EU right now ... Im getting an avg of 2.5 pips for the last few hrs .. Thnx

Just opened my platform now, on the EU I'm looking at a spread of 2.1-2.7 with the median spread about 2.5
  • #3,423
  • Oct 27, 2011 1:45am Oct 27, 2011 1:45am
Quoting fxganstah
Hi, can anyone plz confirm the spread on EU right now ... Im getting an avg of 2.5 pips for the last few hrs .. Thnx
On fxintel.com spread comparison, GoM, FXCM, FXDD and IBFX are the only brokers spending a lot of time over 2p spread on the EU at the moment. All the other STPs seem to be under 2p with the ECNs under 1. The other Aussie broker Vantage FX is beating GoM in all spreads

I really hope the 3 new potential liquidity sources that Chris mentioned will improve the spread.
  • #3,424
  • Oct 27, 2011 1:45am Oct 27, 2011 1:45am
Hi Guys,

I anyone else having problems with the Gomarkets iPhone app from forexonthego. I am sure this error is on the ForexOnTheGo side. It looks like Go accounts are no longer authorised to use it for free.

I am so glad that Go are changing. I used to subscribe 2 years ago to forexonthego and gave up after all their empty promises of indicators on the charts.

Regards
Steve
  • #3,425
  • Oct 27, 2011 1:49am Oct 27, 2011 1:49am
Have you noticed that GoMarket spreads were pretty high few hours ago?

Regards,

Josef
  • #3,426
  • Oct 27, 2011 1:51am Oct 27, 2011 1:51am
This is totally unacceptable. It's a matter of time to move. All other brokers are not showing spreads way above 2 pips. It's high liquidity time and to me this is only due to a bad quality in price providers for Go Markets.

This is ridiculous. Ok, I'm the client and I decide who will be my provider. Thanks for making my decission easier.
  • #3,427
  • Edited 2:34am Oct 27, 2011 1:57am | Edited 2:34am
Spread for EUR/USD over 2 pips. What I don't understand is why some brokers are affected and others are not. Look at the 23rd a lot of brokers experienced spread widening but a few didn't.

I'm guessing the main reason would be due to liquidity providers?

I hope the 3 new LP's will lower spreads. It would be nice to go back to the days of 1.0 - 1.2 pips
{Promotion Removed}
  • #3,428
  • Oct 27, 2011 2:09am Oct 27, 2011 2:09am
I'm same - 2.6 pips spread on EU. Never seen it so high.

Hope it comes down.
- Look to the left, Trade to the right - I am the system
  • #3,429
  • Oct 27, 2011 2:10am Oct 27, 2011 2:10am
Well - I AM LEAVING GO MARKETS RIGHT NOW - if indeed the spread are TRUE as I see it. WTF!
  • #3,430
  • Oct 27, 2011 2:18am Oct 27, 2011 2:18am
Quoting elizo
This is totally unacceptable...
Hi elizo,
... you are not alone, I've been actively trading through GoMarkets for nearly three years, but unfortunately in last couple of months
I had to reduce it to almost nothing because of consistent issues with the price feed and orders execution time.
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  • #3,431
  • Oct 27, 2011 2:27am Oct 27, 2011 2:27am
Any idea why EU spread is so high right now? You'd think that with all the movement over the last week, and more people trading..? it would be LOWER than usual.

To my eyes at least, all London session its been at the high end of 2 pips (closer to 3).
  • #3,432
  • Oct 27, 2011 2:33am Oct 27, 2011 2:33am
Quoting stockmarcus
Any idea why EU spread is so high right now?
... that's simply GoMarkets another f***up, anywhere else is quite normal (STP 1.0-1.5) or (ECN 0.2-0.6)
  • #3,433
  • Oct 27, 2011 3:30am Oct 27, 2011 3:30am
Take a look at GO's website.
They keep showing "usual" spread.
What a shame!!

BTW does anybody call them for this issue??
  • #3,434
  • Oct 27, 2011 3:38am Oct 27, 2011 3:38am
Another gotcha
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OPPORTUNITY IS NOWHERE
  • #3,435
  • Edited 4:27am Oct 27, 2011 4:12am | Edited 4:27am
I did chat with them tow times and every time they said its due to our liquidity provider.This is an obvious answer every one expect but the point is "OK but what would you do about your LP?".
we need reasonable and functional answers.
Hope this never lasts anymore and we need responsible response in short term about this issue.
  • #3,436
  • Oct 27, 2011 4:17am Oct 27, 2011 4:17am
Largest spread on EU SOS ~~ SOS
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No one wants to be defeated~
  • #3,437
  • Oct 27, 2011 4:19am Oct 27, 2011 4:19am
Why the EUR-USD spread has blown out to 2.6 during London Session?

Check it out yourself @

http://www.fxintel.com/

They even have those result linked on their website

Should sue for false advertising of the "typical" spread of 1 for E/U

Definately changing over next year, probably AXITRADER
OPPORTUNITY IS NOWHERE
  • #3,438
  • Edited 4:47am Oct 27, 2011 4:33am | Edited 4:47am
Quoting Callisto
Why the EUR-USD spread has blown out to 2.6 during London Session?

Check it out yourself @

http://www.fxintel.com/

They even have those result linked on their website

Should sue for false advertising of the "typical" spread of 1 for E/U

Definately changing over next year, probably AXITRADER
looks they have lost 1 or 2 liquidity provider (temporary glich). 1H avg 2.5 higher than most broker
Mohan
  • #3,439
  • Oct 27, 2011 7:46am Oct 27, 2011 7:46am
Connection/Execution problems finally fixed, now we have EURUSD spreads over 2.5pips, whats going on with GoMarkets these days???

Been loyal to GoM for years but this is becoming a joke, trading is a serious business and we need a serious partner, if I wake up tomorrow and this is the same Im moving my account to Axitrader!
  • #3,440
  • Oct 27, 2011 7:47am Oct 27, 2011 7:47am
Quoting mohan76
looks they have lost 1 or 2 liquidity provider
That does not sound as we are trading through a stable broker, does it? Whatever it is (either technology, liquidity providers or just pure internal problems) will make them lose a few good accounts.

You can cheat a few every time, you can cheat everyone a few time, but you can't cheat everyone, everytime.
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