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  • #3,621
  • Nov 6, 2011 9:10pm Nov 6, 2011 9:10pm
Quoting mohan76
edit3 :
Australian banks does not use BSB for non Au$ account as it's open in Foreign currency division instate of branch , BSB only used for Australian Dollar account
OK, My local bank told me they did not need swift code so I gave them BSB code instead and my remitance is in USD.

What should I do?
No one wants to be defeated~
  • #3,622
  • Nov 6, 2011 9:14pm Nov 6, 2011 9:14pm
Quoting jonirrenicus
The receiver bank is:


And I was told AU bank use BSB code instead of SWIFT code, and definitely GOM did not provide me BSB code. I got it later by online service.

What a frustrating funding process!
Hi,

Can I ask that people do not necessarily take note of these bank details. We obviously have a number of bank accounts, depending on the currency etc, so please use only the ones provided to you directly by GO Markets.

As for the length of time for funding, we deposit all funds onto client's accounts the same day we receive them, but of course international transfers can take up to 5 business days, or even longer if there are lots of intermediary banks involved.

Cheers,
Chris
  • #3,623
  • Nov 6, 2011 9:17pm Nov 6, 2011 9:17pm
Quoting jonirrenicus
OK, My local bank told me they did not need swift code so I gave them BSB code instead and my remitance is in USD.

What should I do?
tell them you have crossed checked with destination bank, they have confirmed
swift and account number for USD account and no BSB, otherwise you have to change your base currency to AU$ to get BSB,
Mohan
  • #3,624
  • Nov 6, 2011 9:49pm Nov 6, 2011 9:49pm
Quoting mohan76
tell them you have crossed checked with destination bank, they have confirmed
swift and account number for USD account and no BSB, otherwise you have to change your base currency to AU$ to get BSB,
Thanks~You are most helpful!

It seems the local bank made a big mistake....I have to tell them the situation now.

I gave them SWIFT and they asked me for BSB.....has my luck run out these days?

moved to FXDD, shit thing happened, fix spread become floating,trading cost went up.

Just moved to GOM, shit thing happened, high spread due to LP's issue.

Now everthing back to normal, shit thing happened again, funding problem!
No one wants to be defeated~
  • #3,625
  • Nov 6, 2011 10:01pm Nov 6, 2011 10:01pm
Quoting jonirrenicus
Thanks~You are most helpful!

It seems the local bank made a big mistake....I have to tell them the situation now.
when did you made your tranfer if it today, most asian banks process TT after lunch , you can call them and correct it .

in Australian side you don't have to worry you will get you money credited into GO account , it might take extra days as you have put BSB.
Mohan
  • #3,626
  • Nov 6, 2011 10:32pm Nov 6, 2011 10:32pm
Ive just done a deposit too and it was well within the hour.

Quoting wickedwin
Their EU office funded my account within the hour x)

The spread is deff. better now, lets hope they can restore it to the old ~1.3 pips.
  • #3,627
  • Nov 6, 2011 10:50pm Nov 6, 2011 10:50pm
There seems to be a problem with the webtrader. Can't trade keeps telling me trade is disabled. Anyone else with this problem?
  • #3,628
  • Nov 6, 2011 11:31pm Nov 6, 2011 11:31pm
Quoting flaffie
There seems to be a problem with the webtrader. Can't trade keeps telling me trade is disabled. Anyone else with this problem?
Hi,

Xogee who are the developers of the webtrader app have reported an error with all mt4 providers using the latest server build. This is affecting mobile apps and webtrader but not MT4!
They are working to fix the issue and it should be available soon

Thanks
  • #3,629
  • Nov 6, 2011 11:38pm Nov 6, 2011 11:38pm
Quoting GoMarkets
Hi,

Xogee who are the developers of the webtrader app have reported an error with all mt4 providers using the latest server build. This is affecting mobile apps and webtrader but not MT4!
They are working to fix the issue and it should be available soon

Thanks
Ok. Thanks
  • #3,630
  • Edited 7:22am Nov 7, 2011 12:37am | Edited 7:22am
Quoting GoMarkets
Hi Guys,

Some good news for you all this morning.

Our new liquidity provider was installed over the weekend and as such has been taking all trades since the market opened.

Obviously this is good for a number of reasons, one being the improvement in recent spreads and also, perhaps more importantly for some of you the minimum stop and limit distances have been removed. You should now not see any minimum stop requirements on your accounts, but of course if we have missed anything, please let me know!

Hopefully you will all be pleased with our...
The spreads overall are very high compared to previous gom standards. I am comparing with your previous spreads before the hike, and real time VantageFX, where previously your spreads were on par with theirs.

For example: USDCAD 4.3 gom vs 2.4 vfx
NZDUSD 3.7-4.3 gom vs 2.2-2.7 vfx

USDCHF 2.6-3.5 gom vs 1.6-2.4 vfx
GBPUSD 2.3-3.2 gom vs 1.5-2.2


On the EA, i was able to get lower spreads, but it didn't show on the chart. In the demo, the test ea apparently picked up occasional ticks with lower spreads and was able to place orders on those. Of course a manual trader it would have been nearly impossible to act quick enough to catch those.

I'm sure fxintel.com 12 hr averages will confirm. While I normally do not mind spreads with a cost averaging system, we were definitely spoiled before the spread problems and LP switch. Many of us took it for granted. I hope GoM continues to watch the spreads and can make adjustments in our favor.
Measure trends automatically with zero lag
  • #3,631
  • Edited 1:45am Nov 7, 2011 1:26am | Edited 1:45am
Judging by the response from gomarkets it would appear this is their idea of competitive spreads, for me 2 pips on the EUR/USD is unacceptable.

The lack of cashbackforex plus the new higher 'bucketshop' spreads means it's no longer worth it for me so unfortunately I'm leaving GoMarkets.

May I ask you guys which Aussie broker you would recommend for 1 pips on eur/usd and under 400ms execution? I'm thinking either LMAX or FXPIG they seem to have great spread on the GBP/USD aswell so I can start trading that again.
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  • #3,632
  • Nov 7, 2011 1:36am Nov 7, 2011 1:36am
anyone else get connection drop out on DC1 a couple on min ago?

scfx
The best indicator is price.
  • #3,633
  • Nov 7, 2011 1:36am Nov 7, 2011 1:36am
Untradeable, how can we have gaps at this time of the day ?

Price Freezing, gaps, price slips on limit orders, hopeless !

1min chart EU at 9.29 9.30 a 9 pip gap
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Money grows on the tree of persistence
  • #3,634
  • Nov 7, 2011 1:48am Nov 7, 2011 1:48am
Just changing the worst situation to bad one. average spread of 2.0 for EUR is not acceptable.According to online chat they are saying that they have done their best.
  • #3,635
  • Nov 7, 2011 1:54am Nov 7, 2011 1:54am
Quoting ozmacca
Untradeable, how can we have gaps at this time of the day ?

Price Freezing, gaps, price slips on limit orders, hopeless !

1min chart EU at 9.29 9.30 a 9 pip gap
I mentioned this issue in my previous post last week.
Unfortunately, the issue remains.
It always takes place at early Euro session and early NY session.
BE AWARE(if you still trade with them).
  • #3,636
  • Nov 7, 2011 1:57am Nov 7, 2011 1:57am
Quoting leerees
Judging by the response from gomarkets it would appear this is their idea of competitive spreads, for me 2 pips on the EUR/USD is unacceptable.

The lack of cashbackforex plus the new higher 'bucketshop' spreads means it's no longer worth it for me so unfortunately I'm leaving GoMarkets.

May I ask you guys which Aussie broker you would recommend for 1 pips on eur/usd and under 400ms execution? I'm thinking either LMAX or FXPIG they seem to have great spread on the GBP/USD aswell so I can start trading that again.

Neither LMAX or FXPIG are Aussie, respectively they're British and Kiwi.

I don't think there is an Aussie broker that can guarantee your criteria, but PepperstoneFX will probably come close, they advertise their trading tech (Wall Street liquidity over the optic fibre Equinix network, sounds flashy) and offer ecn account for $200 minimum. There was a comment earlier that their actual trading conditions aren't that impressive.
  • #3,637
  • Nov 7, 2011 1:58am Nov 7, 2011 1:58am
Quoting leerees
Judging by the response from gomarkets it would appear this is their idea of competitive spreads, for me 2 pips on the EUR/USD is unacceptable.

The lack of cashbackforex plus the new higher 'bucketshop' spreads means it's no longer worth it for me so unfortunately I'm leaving GoMarkets.

May I ask you guys which Aussie broker you would recommend for 1 pips on eur/usd and under 400ms execution? I'm thinking either LMAX or FXPIG they seem to have great spread on the GBP/USD aswell so I can start trading that again.
Have a look at Axitrader.
  • #3,638
  • Nov 7, 2011 2:08am Nov 7, 2011 2:08am
Quoting PixeLM
Have a look at Axitrader.

I already have, and just did again when you mentioned it. On their spreads list they have EURUSD as variable from 1.4, and elsewhere they state 'from 1pip'...however Go Markets, Vantage, Pepperstone, advertise spreads from 0.5, 0.5 and 0.1. At least in terms of advertising, AxiTrader loses on the spread front.
  • #3,639
  • Nov 7, 2011 2:11am Nov 7, 2011 2:11am
Axitrader have a lot of requotes on their indices and WTI crude watch out for that.

Due to the requotes I left.

scfx
The best indicator is price.
  • #3,640
  • Nov 7, 2011 2:14am Nov 7, 2011 2:14am
1. Any funding problem I had was my own mistake, and the staff at GoM were very nice and helpful. Email or ring them.
My exprience in talking to Aus banks about sending to USA showed that they are staffed with people that don't know much in that regard, and are not all that fussed about finding out for you. That is why I like using an aussie trader that has the same bank as I do. I have used paypal for overseas and I find that very easy to use also.

2. Checking the spreads now (using my GoM app on the android phone that I can trade with) and they seem to be between 1.3 and 2.0 with a more common spread being 1.6 and 1.7 which I am happy with for this time of the week.
I use a cheap $79 prepaid android and it is very handy as a backup trading platform.
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