GoMarkets Discussion

so, that what is about ....

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arb systems only work with scam brokers anyways, because real brokers with real trade forwarding to liquidity providers "won't be able to" execute your trades if the price do not exist anymore at the liquidity provider.

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sorry guys, agree with GO. Don't see why one says scam broker. Trade ccy futures and see spreads and slippage and fills. Tell me how it feels after 300 pips slippage with ECN or ccy futures after MM withdraw liquidity in a touchy moment.

Maybe it's because they arbitrarily cancelled profits of trades settled for many months, including those of traders not using any kind of arbitrage (despite the method not being explicitly being forbidden in the T&C) without providing any proof of wrong doing whatsoever in complete contravention of their own T&C and Product Disclosure Agreement (and Australian law I'm sure)? Hell, in my case they _more_ than reversed my profits, taking ~$45 USD of my deposit! Insult to injury. This is just naked theft.

They're absolutely a scam broker.

I see.
they must provide proof for each single trade. Else au fx broker industry & more is down the toilet.

Could anyone be so kind to share the previous version of the pds of gomarkets and/or vantagefx uk?

I have their Terms and Conditions as of March 21:

https://dl.dropboxusercontent.com/u/...Conditions.pdf

SOME HELP PLEASE?
So iv been with GO for almost 6 months now and the last 2 weeks is the first time iv consistently made pips. Placed a couple of pending orders last fri. morning. The same type of orders iv been doing for the last 2 weeks. Came home from a late lunch and decided to check my orders. The market had moved in my favour and were active when i checked. Took a closer look and realized my take profits for both had been deleted, then took a closer look and my open price that i had set had moved 20 pips further away from my stop loss. At my dismay closed out the trades so only lost 30 pips in total instead of the 96 i would have if i hadn't checked.
Took a few minutes to comprehend what just happened. I just sent them an email, asking for an explanation. Im on holidays at the moment, so can't wait to get home to call them.

Just want someone's opinion on what i should do?
Iv spent a lot of my time invested in this to now think this is all a scam, and you can't actually make money.
Is there a broker out there that is reputable?

There are honest brokers, GO Markets just isn't one of them, and after this fiasco (as well as your own), you'd be a fool not to withdraw all of your trading capital; in my view it's pretty evident that they are unabashed scammers.

So far as Australian brokers go, IC Markets, Global Prime and Axitrader are all good choices at present.


As ever, if you have issues with your ASIC regulated broker, particularly in a matter that requires monetary compensation or damages, you should file a complaint with the Financial Ombudsman Service (FOS):

http://www.fos.org.au/centric/home_p..._a_dispute.jsp

Thank you,
il might look into giving IC markets a go, after i see what go markets has to say.
Il get onto the ombudsman if need be.

Go Markets has been offline for 30 minutes now and still counting............. not the first time
Its pretty crap especially trying to trade a fast moving market..

Go Markets offline at the start of US session yet again.

A joke and complete waste of time

Ok, now back on line.
Rapid response team must be in this tread huh?

Spoke too soon, back offline again.

If unlike me you trade with serious money, I would definately try a different broker.

is anyone back online?

I cant connect too,is that services good?since this time offline without notification,i swear i will withdraw all my money transfer to another broker account.

Their websites not loading? can't even get through to chat. Geez

Still no connection for me, around 30 minutes now.

I spoke to them on the phone....had server issue in Aus....tried resetting it several times with no success....( hence previous dropouts )....they have located some connection issue that was being worked on when I spoke to guy ( who was in London office )...he said they didn't expect it to be too long but said bit hard for him to say that when he sitting in an office on the other side of the world.

I never believe what a 'broker' tells me when i ask a question related to connectivity. Connection problem most likely BS.. denial of service attack? most likely

Thanks Paully

oh and for a service that deals with people's REAL money, wouldnt you think they would need to have redundancy or failover links for such a critical service? I'm definitely jumping this ship in the morning.. if they are still there that is