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GoMarkets Discussion

  • #4,061
  • Dec 19, 2011 2:49pm Dec 19, 2011 2:49pm
Quoting trin
I wouldn't go with LMAX. They are a very small show and I have had execution problems with them along with basic trade statement issues.
You call a Betfair and GoldmanSachs jointventure too small a show, and then go with Vantage? Ok...
  • #4,062
  • Dec 19, 2011 2:57pm Dec 19, 2011 2:57pm
Quoting shrike
You call a Betfair and GoldmanSachs jointventure too small a show, and then go with Vantage? Ok...
They have 1 person in Australia as a rep
  • #4,063
  • Edited 6:13pm Dec 19, 2011 5:50pm | Edited 6:13pm
Quoting ybfjax
LMAX: Transparency, honesty that they are bringing to forex market.

Dukascopy: reputation as being rock solid broker, low spreads. I think they are an actual bank, right?

If you want Dukascopy-like spreads on mt4, use FxOpen ECN.
yes it's a bank (not a regular/investment bank). Swiss have forced them to get banking licence (easy to regulate ).

Quote
According to the Swiss Bank Directive 3a, companies holding customer funds in trading accounts must now get a banking license issued to them from the Swiss Financial Market Supervisory Authority or FINMA, before being able to execute orders for them
Mohan
  • #4,064
  • Dec 19, 2011 9:02pm Dec 19, 2011 9:02pm
Quoting trin
If you visit the AXI office you will see they're a market maker. They have 4 traders in there who are busy watching all of the client orders. Visit their office and you can see this.
Are those office workers fiddling around with client trades and taking the other side? If not, well a broker must have some guys watching terminals, what would you expect?
  • #4,065
  • Edited Dec 20, 2011 5:28pm Dec 19, 2011 9:46pm | Edited Dec 20, 2011 5:28pm
Quoting jeanlouie
Are those office workers fiddling around with client trades and taking the other side? If not, well a broker must have some guys watching terminals, what would you expect?
market makers use software for that. practically it's impossible to do by 4 trader. maximum they can do is stop hunting. most brokers have dealers for phone orders.

Edit : AXI could be MM, as they are not advertising STP
Mohan
  • #4,066
  • Dec 19, 2011 11:09pm Dec 19, 2011 11:09pm
How are LMAX and Vantage for withdrawls?

Go and Axi are both really good.
  • #4,067
  • Dec 20, 2011 8:22am Dec 20, 2011 8:22am
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
Their execution speed got so f***ed up, just ridiculous...

R.I.P GOMarkets
  • #4,068
  • Dec 20, 2011 5:02pm Dec 20, 2011 5:02pm
Hello All,

I have been reading the thread each day and I didn't want to jump the gun on improvements at GO but the spreads are down this week as a result of work we have been doing. They are down over 20% since the start of the month with EURUSD averaging below 1.5 pips for the last couple of days. Looking at fxintel.com now we are very competitive again. Following up to a few of the posts here:

- We are STP, we don't match our trades or have a dealing desk here or send our trades to one that has the same owners and I challenge you guys to call the other brokers mentioned on our thread recently and ask that question to them.
- Fx13, you haven't been trading with us for more than 5 weeks so I'm not sure how your posts reflect developments
- Onu, please PM be the trade(s) that your execution was not up to scratch
- scfx, same also please PM the trade numbers
- That also goes for anyone who has trades they would like to be looked at from the last fortnight
- And to the other brokers here pitching under fake names, please do it on your own broker thread

(I'm not in the office tomorrow in case I don't reply to your PM if it is sent later tonight on Australian EST)

Cheers
Joel
  • #4,069
  • Dec 20, 2011 5:48pm Dec 20, 2011 5:48pm
Well I must say Joel spreads are fantastic again and order speed is good.
Good work.
  • #4,070
  • Dec 20, 2011 7:48pm Dec 20, 2011 7:48pm
I do agree spreads have improved a lot. But time will tell if this is here to stay. I have seen and heard this all before with GM. Execution has also improved and I am happy to say I have not experienced any delays with my trades this week.

Well done Joel and GM that's hope these positive developments are here to stay.

Forget about the trade Joel it's the past now.

scfx
The best indicator is price.
  • #4,071
  • Dec 20, 2011 8:13pm Dec 20, 2011 8:13pm
Just don't do a MF Global on me and I will stay, but I am opening 2 other accounts with other brokers due to that fact...
It takes a lot for me to IGNORE you, but you can try.
  • #4,072
  • Dec 20, 2011 10:22pm Dec 20, 2011 10:22pm
Good on you for poking your head in Joel! Here's hoping it all goes more smoothly for you now. I do like your new android trader. Was a bit worried at the time that the old one just seemed to stop, but appreciate you making it easier with more options. I like that the new one keeps going in the background when you go to other screens, or put the phone into standby, but it gets very hot in my handbag when I do that!
  • #4,073
  • Dec 23, 2011 8:06pm Dec 23, 2011 8:06pm
Quoting GoMarkets
Hello All,

I have been reading the thread each day and I didn't want to jump the gun on improvements at GO but the spreads are down this week as a result of work we have been doing. They are down over 20% since the start of the month with EURUSD averaging below 1.5 pips for the last couple of days. Looking at fxintel.com now we are very competitive again. Following up to a few of the posts here:

- We are STP, we don't match our trades or have a dealing desk here or send our trades to one that has the same owners and I challenge you guys...
nice to see u Joel but is GoMarket back for good,really? if u have been following this Go's thread closely and sure will realise that alot of unhappiness and complaints abt Go by alot of people,so why now then u guys 'surfaced' to clarify your stand? I believed that your company might have lost quite abit of customers already,No? Experiences with Go for the past weeks or mths is simply unthinkable! I,do hope that Go will & do something abt it cos talk is cheap! Good day!
  • #4,074
  • Dec 24, 2011 3:47pm Dec 24, 2011 3:47pm
Quoting GoMarkets
Hello All,

I have been reading the thread each day and I didn't want to jump the gun on improvements at GO but the spreads are down this week as a result of work we have been doing. They are down over 20% since the start of the month with EURUSD averaging below 1.5 pips for the last couple of days. Looking at fxintel.com now we are very competitive again. Following up to a few of the posts here:

- We are STP, we don't match our trades or have a dealing desk here or send our trades to one that has the same owners and I challenge you guys...
Seem you monitor my account. I'm not trading any more with Go Market but still watching it both on live & demo. Hopefully I had to take decision. Spread & execution moved bad. fine to see Go Market still in denial like previously no change.

& my comments were related to lies from GO MARKETS before.

So where is MT5 live?

Where is ECN new solution?

Where are Europe new servers?

Hmmm we don't need to trade with Go market to know it's a whole bunch of lies.

Just check:
http://www.forexfactory.com/showthre...cn#post5055406
http://www.forexfactory.com/showthre...pe#post5016409

It will be hard to trust you any more with all it was said before by Chris & nothing showed up. Only things moved worse...

13
Brokers are angels
  • #4,075
  • Dec 24, 2011 3:51pm Dec 24, 2011 3:51pm
Quoting onu
Their execution speed got so f***ed up, just ridiculous...

R.I.P GOMarkets
I will speculate here I think that they are in bad shape. They removed rebates to finally make more ca$h & survive! that's the trick.

Otherwise why LP whould pull down from a healthy broker? Can you imagine such LP doing that to FXCM?

So... We have to move on.
Brokers are angels
  • #4,076
  • Dec 25, 2011 4:31am Dec 25, 2011 4:31am
Quoting fx13
Seem you monitor my account. I'm not trading any more with Go Market but still watching it both on live & demo. Hopefully I had to take decision. Spread & execution moved bad. fine to see Go Market still in denial like previously no change.

& my comments were related to lies from GO MARKETS before.

So where is MT5 live?

Where is ECN new solution?

Where are Europe new servers?

Hmmm we don't need to trade with Go market to know it's a whole bunch of lies.

Just check:
http://www.forexfactory.com/showthre...cn#post5055406
http://www.forexfactory.com/showthre...pe#post5016409

It...
I spoke with them a few weeks back, they will begin ecn development probably in Jan.
  • #4,077
  • Dec 26, 2011 5:30pm Dec 26, 2011 5:30pm
Another tremendous fail from GO today. Opens it's doors with a EUR/USD spread of 80 pips and thus slippage of the same magnitude, blowing up trades either side. Maybe this sort of cynical manipulation of the spread will book them a few stops in the short term, but in the long run they will go under as traders realize it has now become a bucket shop and move their accounts elsewhere, which is certainly what I will now be doing.

May the idiodic suits that have been messing around internally with this formerly top tier broker feel the consequences of their actions.
  • #4,078
  • Dec 26, 2011 6:19pm Dec 26, 2011 6:19pm
Quoting MelbTrader
Another tremendous fail from GO today. Opens it's doors with a EUR/USD spread of 80 pips and thus slippage of the same magnitude, blowing up trades either side. Maybe this sort of cynical manipulation of the spread will book them a few stops in the short term, but in the long run they will go under as traders realize it has now become a bucket shop and move their accounts elsewhere, which is certainly what I will now be doing.

May the idiodic suits that have been messing around internally with this formerly top tier broker feel the consequences...
though i shared your view but since Go has a new rep Joel,lets hear fr him what he has to say 1st before judging Go again,fair? Joel,i really hope that u have something to say man!
  • #4,079
  • Dec 26, 2011 7:01pm Dec 26, 2011 7:01pm
Quoting MelbTrader
Another tremendous fail from GO today. Opens it's doors with a EUR/USD spread of 80 pips and thus slippage of the same magnitude, blowing up trades either side.
As a go customer who was bitten quite badly by slippage previously (check my previous postings in this thread), I have to say that in this instance, they had actually warned their customers of the spreads in an email dated Dec 22, which I quote,

"Please also note that we anticipate a large drain in underlying market liquidity in-turn promoting larger than usual spreads and inactive price action over the holiday period."

So, if you had positions open and failed to ensure your SL had room to breath, I don't think you can blame GO in this case.
  • #4,080
  • Edited 10:32pm Dec 26, 2011 7:09pm | Edited 10:32pm
Quoting MelbTrader
Another tremendous fail from GO today. Opens it's doors with a EUR/USD spread of 80 pips and thus slippage of the same magnitude, blowing up trades either side. Maybe this sort of cynical manipulation of the spread will book them a few stops in the short term, but in the long run they will go under as traders realize it has now become a bucket shop and move their accounts elsewhere, which is certainly what I will now be doing.

May the idiodic suits that have been messing around internally with this formerly top tier broker feel the consequences...
did you took a trade when u see spread was 80 pips ? you must have some think (body part) made out of steel / brass .
Mohan
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