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GoMarkets Discussion

  • #161
  • Mar 10, 2010 1:33pm Mar 10, 2010 1:33pm
Quoting PipStar
Can you explain why you have decided to switch from the steady price feed you had before to the more volatile currenex price feed whilst hedging with a non currenex liquidity provider? As traders this is what we get from your currenex feed:
- Huge spreads and
- Massive slippage
at volatile and even slightly volatile times with or without your delayed execution.
You are giving us all the disadvantages of a currenex feed without any of the advantages. How does that help your clients?
I would not consider a volatile, unfiltered, price feed a disadvantage,
I agree, the delay in order execution is a bit frustrating, especialy considering the fact that it was instant when it started, but not enough so far to change broker.
Biggest joker
  • #162
  • Mar 10, 2010 11:11pm Mar 10, 2010 11:11pm
perhaps they got to big to fast, and hopefully they can get these issues resolved fast. the company offers really good conditions for traders, except for the "infamous" problem. However, if they were just another crappy broker with large spreads we wouldn't be having this conversation..

However, i honestly believe that if they get there act together, and get this issue fixed, they can become huge...I mean like Oanda, and FXCM.
  • #163
  • Mar 11, 2010 12:08am Mar 11, 2010 12:08am
Quoting Gamma76
However, i honestly believe that if they get there act together, and get this issue fixed, they can become huge...I mean like Oanda, and FXCM.
I hope not.....
Biggest joker
  • #164
  • Mar 11, 2010 4:10pm Mar 11, 2010 4:10pm
I have am now live with Go Markets and see no difference in my speed of execution or service from demo. (Both rated awsome from me in the middle of the United States. There was a tech that displayed ping times earlier and from my experience his numbers show the same performance on demo and live. I will report once more in the future to let you all know how things go. I am very happy with thier phone support and brokerage signal service. (I am not a news trader.)Thier spreads are about half of FXCM, I have no complaints.
  • #165
  • Mar 13, 2010 6:52pm Mar 13, 2010 6:52pm
yes, i can vouch for GO also

 

  1. their customer service is excellent: i've had dealings with Chris Reynolds, Chris Gore and Nardia so far, each have been very helpful, so ask for them if u make contact with Go!
  2. their spreads seem very reasonable with EU down to 1.0 during peak times
  3. i have had trouble with execution speed, a matter which Go have made many attempts to rectify. Having said this, it seems to only happen to a very small % of customers, not everyone; equally, at market trading isnt my focus so any delay is often of no concern for me.
  4. and as far as i can tell, Go dont stop hunt, i watched as price got within 0.3 of a pip last week of my SL, lo-and-behold it didnt reach out and hit my stop
  5. there's also talk of Go offering ECN access through MT4, which would be great


to-date i have no complaints about Go, and would say they are worth researching if you are looking
..........and no i dont work for Go, nor are they paying me to say these things

  • #166
  • Mar 13, 2010 9:33pm Mar 13, 2010 9:33pm
Quoting akatom2u
I have am now live with Go Markets and see no difference in my speed of execution or service from demo. (Both rated awsome from me in the middle of the United States. There was a tech that displayed ping times earlier and from my experience his numbers show the same performance on demo and live. I will report once more in the future to let you all know how things go. I am very happy with thier phone support and brokerage signal service. (I am not a news trader.)Thier spreads are about half of FXCM, I have no complaints.
Just curious, what state are you in? I ask this because I was wondering if you were in a coastal state that might be closer to a undersea networking cable. I'm very glad to hear that your live account is just as fast as the demo. I was starting to think this broker was too good to be true so keep us posted.
  • #167
  • Mar 14, 2010 12:07am Mar 14, 2010 12:07am
The USA largely connects to Australia & NZ from the west coast.
BarrySDCA Commercial Network Services
  • #168
  • Mar 18, 2010 12:22am Mar 18, 2010 12:22am
Quoting BarrySDCA
two of our three datacenters are in the heart of financial markets. They are New York City (two blocks off wall st.) and London (with DC patch to financial center). IBFX recently moved their servers to NYC, now 2ms away from our subscribers. I encourage you to pick one of these two prime locations.

As you know, you can run multiple MT4 servers. Placing servers in one of our datacenters will immediately put your server on the same network as what is...
I am a client of both CNS and GoMarkets, so I would love to see GoMarkets place a server in the NYC data center. That would be fantastic!
  • #169
  • Mar 18, 2010 12:12pm Mar 18, 2010 12:12pm
Quoting BarrySDCA
The USA largely connects to Australia & NZ from the west coast.
Hello Barry

I read a good comment from you at another thread about Interbank Fx.
If you may, between GoMarkets and Interbank, which offers better platform in term of the speed execution / no slip page / no re-quote etc.

Thank you for you time.

Cheers
fxpip8
  • #170
  • Mar 18, 2010 12:27pm Mar 18, 2010 12:27pm
Go Markets are based on the other side of planet earth, if you're looking for quick execution you might be better off somewhere else.
  • #171
  • Mar 18, 2010 12:55pm Mar 18, 2010 12:55pm
Quoting fxpip8
Hello Barry

I read a good comment from you at another thread about Interbank Fx.
If you may, between GoMarkets and Interbank, which offers better platform in term of the speed execution / no slip page / no re-quote etc.

Thank you for you time.

Cheers
fxpip8
I tend to focus on the server side of things. It is not difficult to tell a junk broker from a good one just by the volume of support tickets coming into our helpdesk. Neither of these brokers have a history of technical issues and both have great customer service. I have high executive contacts at IBFX. I don't at GoMarkets, but I think we are slowly building them.

Probably right now execution would be IBFX, only becuase GoMarkets server is so far away and IBFX is in the process of moving their servers 2ms away from our NYC datacenter. This also puts their servers in the heart of the US financial district, so feeds going into the server are also up to date (in the millisecond scale). simple geography...the farther the data must travel, the longer it will take to get there (and back). high latency can cause requotes, old ticks, etc.

However....both of these brokers are excellent brokers. server placement can easily be resolved by gomarkets. I personally have no issues with either of them. If I was shopping brokers right now then both would definitely be top of my list.
BarrySDCA Commercial Network Services
  • #172
  • Mar 20, 2010 12:19am Mar 20, 2010 12:19am
Have been trading with GoMarket for more then six month and so far I can say that they seem to be a decent Broker. Good customer service and quick fund transfers.
The server is very stable and can't recall any disruption during open hours.

I also run several EA's on a VPS server based in San Diego USA and so far I have never been re-quoted by GoMarket yet.
  • #173
  • Mar 20, 2010 4:21am Mar 20, 2010 4:21am
Hello Barry

Your inputs are valued to me... thou I would avoid technical terms, I guess I got your meaning across.

I got what I want... both brokers are good!
I know what to do next.

Again, thanks a lot.

Cheers
fxpip8
  • #174
  • Mar 20, 2010 12:48pm Mar 20, 2010 12:48pm
How are GoMarkets when it comes to news trading? Do they fill often, slip big, and accept news traders?
  • #175
  • Mar 20, 2010 4:34pm Mar 20, 2010 4:34pm
GoMarkets has a fair spread, <10 - 30 among major pairs for most of the time.
No minimum distance while making pending orders, s/l and t/p
I hate FxPro since it requires at least 50 points distance to make pending orders, s/l and t/p.

My only concern about GoMarkets is that whether its server is subjected to DST or not. Does anyone know?
  • #176
  • Mar 20, 2010 6:26pm Mar 20, 2010 6:26pm
As per GoMarkets's webpage it does not matter what kind of trader your are.
I am not a news trader but their spread does vary, having said that during normal time their spreads are very low on the major pairs such as EUR/USD.
I guess to find out if GoMarket is suitable for your style of trading is to simply try them out.
  • #177
  • Mar 21, 2010 8:15pm Mar 21, 2010 8:15pm
made a few trades today for the first time in a while..One took about 25 seconds to execute. the others were instant..
  • #178
  • Mar 22, 2010 4:53pm Mar 22, 2010 4:53pm
Can anyone with an established Forex Factory history give me an unbiased "yea" or "nay" on Go Markets as a good broker? I've read through this entire thread and I am still on the fence.

If they are what they say they are, they could make it on my list of brokers and I'll think about opening an account.

TIA.
  • #179
  • Mar 22, 2010 5:11pm Mar 22, 2010 5:11pm
gomarkets is one of the better brokers out there. "yea"
BarrySDCA Commercial Network Services
  • #180
  • Mar 22, 2010 5:52pm Mar 22, 2010 5:52pm
Quoting Leche Mocha
Can anyone with an established Forex Factory history give me an unbiased "yea" or "nay" on Go Markets as a good broker? I've read through this entire thread and I am still on the fence.

If they are what they say they are, they could make it on my list of brokers and I'll think about opening an account.

TIA.
I don't thinking asking that question here is going to clear things up. And this thread is probably not the best source for that info anyway. Check the Forex Peace Army site for broker reviews; that might help, but bottom line, you will always have good and bad opinions anywhere you look...
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