GoMarkets Discussion | Page 55 | Crypto Craft

Options

Go to
Permalinks
Print Thread

Similar Threads

Share your experience with GoMarkets.Aud 3 replies

IC Markets, CLM Forex, GoMarkets and Directfx? 0 replies

lower speads between oanda MT4 & gomarkets 0 replies

Opinions on FxPrimus, GoMarkets vs Alpari UK 23 replies

feedback/reviews of GoMarkets? 5 replies

Attachments: GoMarkets Discussion
Exit Attachments

GoMarkets Discussion

  • #1,081
  • Sep 23, 2010 8:32pm Sep 23, 2010 8:32pm
Quoting Peter-FX
GoM,
I presume if we were to send you an email with a link to pay us by paypal, you could do that?
That would be instantaneous, at least within minutes.

Providing the paypal and GoM account has the same name.
Paypal is fine for deposits and these are done within a few minutes. Due to the AML/CTF anti money laundering regulations we are bound by strict rules for sending funds and until recently could not use the service to send funds back to the client. Paypal has now though become widely recognised as a very legitimate and regulated payment method so in theory if it can easily be done and monitored then I cant see a problem and will pose the question today to our compliance department to escalate your enquiry.

Cheers
  • #1,082
  • Edited Sep 25, 2010 3:52am Sep 24, 2010 4:00am | Edited Sep 25, 2010 3:52am
Quoting GoMarkets
Hi,

I think its best you get independant verification from clients rather than us but I will say that all withdrawals are processed and sent on the business day we receive them. International wires normally arrive back in the clients bank account within 24-48 hours but again I will let you guys discuss that on this forum.

Cheers
That was the goal: to get some independent verification.

Edit: I received my wire Friday. I want to check with my bank to see exactly what time it arrived. But the request was submitted and processed Thursday. It shows incoming wire on friday in the USA. Wow. There was a $20 usd fee taken at the wire origin. That's more than acceptable.

As a separate related question, I was curious as to how wires worked in austrailia. I was told by a GoM representative that you wait until the END of the day (appx 6pm AEST) to withdraw the funds from clients account and wire it. So in austrailia, banks are wiring customers funds that late? In the USA, wire requests must be done by noon or 4pm of the local time zone of the bank for same day processing, although the bank itself can be open until 6-8pm.

I found it odd that a bank processes wires so late in the day.
Measure trends automatically with zero lag
  • #1,083
  • Sep 24, 2010 10:22am Sep 24, 2010 10:22am
Quoting GoMarkets
Hi,

Go Markets is only regulated by ASIC www.asic.gov.au here in Australia and not by any U.S regulatory bodies.
We are not regulated by the CFTC and also not afiliated to any U.S company so why would their rules apply to us at all?
Obviously all clients should do due dilligence before using an overseas broker of course but we are happy to continue to service our overseas clients.
I just want to say this is music to my ears. I am a US based trader that is fed up with our government's meddling in the markets. The new US regs are being levied on us with next to no input, "for our own good". Europe broker's cowering stance towards the CFTC is also appalling.

I am seriously thinking of switching from my US based broker, and will give you guys a try on Demo. Am hoping your swap rates are not exorbitant, as I mostly position trade.

As you say, "Cheers"
Disregard all prognostications.
  • #1,084
  • Edited 6:02am Sep 25, 2010 4:59am | Edited 6:02am
Hi, Two Questions for Chris Gomarkets

1) Why MT4 does not have "slippage" control in the order window like some others mt4 platforms, is it possible add this function? In the Expert Advisors the function slippage is accepted or ignored?

2) For telephone support (open close orders) read this:
"For overnight trading please mention that you are a GO Markets Client and ensure that you have your UserID and Phone Trading password available as they will be asked for."

"UserID" is intended Login ID (or Account number), or other code ?


P.S.: GOTraderMT4 Passwords are not a bit 'too simple and vulnerables?

Thanks

Regards
  • #1,085
  • Sep 26, 2010 3:24am Sep 26, 2010 3:24am
Quoting bounty1
P.S.: GOTraderMT4 Passwords are not a bit 'too simple and vulnerables?

To change your MT4 password, login to the platform with your normal credentials, and then go to Tools > Options > Server. There is a button for "change" to change your MT4 password.
Measure trends automatically with zero lag
  • #1,086
  • Sep 26, 2010 7:47am Sep 26, 2010 7:47am
Quoting ybfjax
To change your MT4 password, login to the platform with your normal credentials, and then go to Tools > Options > Server. There is a button for "change" to change your MT4 password.
Good, thanx for info.
  • #1,087
  • Sep 26, 2010 12:38pm Sep 26, 2010 12:38pm
Quoting >Apocalypto<
I am sorry buy I would not feel safe sending my money Panama or any other country that I had doubts about their financial regulators.

Ignoring the link I have listed points that make me feel very uneasy about Inova Trade in my last post.

Anyway back to GoMarkets, I haven't noticed any connection issues.
I offer here a counter-opinion to your statement above referring to your doubts about financial regulators in the Republic of Panama. I have no knowledge or experience with InovaTrade and thread is my first knowledge and introduction to them.

However, I do maintain banking and legal/audit services in Panama. Additionally, the US Federal Internal Revenue (IRS) maintains large staff in Panama as they do in all major International Financial Centers.

FYO, The Republic of Panama is the financial hub for ALL Latin America! The Panama Canal is the only Canal in the world where a ship Capitan is mandated to give up command, not the Suez or any other commercial shipping Canal has this strict requirement! Banking and Securities Regulation is much more strict in Panama than in other parts of the world, equal or on par with Austria, Luxembourg, and Switzerland (even more private than the latter post UBC).

However, as a US Citizen, FX Trader, and residence as an official "pensionado" in Panama for over six years, and having done banking as well as investing in Panama long before relocating there I suggest: I would look first at your own Yemen banking regulation before judging Panama's. In Panama there are resident over 89 world bank offices. Panama is the financial hub of ALL Central and South America. It is one of 16 countries NOT belonging to the OECD (France) pushing the "one-world" order. If a bank employee in Panama even mentions client account information to a third party it is basis for immediate dismissal, legal charges and incarceration (jail time)!

One week ago I returned from several months in Europe and can speak from basis of bank inquiries and also over 8 years of bank relations with European Merchant Banks. Panamanian financial dealing is on a par with my personal experience with Hong Kong banking. May be a surprise to you that in my opinion and from my personal experience "honor and privacy" in business dealings with merchants and banks in Hong Kong is "second to none" and Panama is equal to Hong Kong in this regard.

Panama is second only to Switzerland (perhaps in #1 spot after the UBC scandal) in bank privacy. All four largest world Audit Firms (KPMG, Coopers Price Waterhouse, etc.) maintain and staff large offices in Panama along with banks such as HSBC, and CITIBANK, etc.

The US Embassy located in Panama is the supervising Embassy of all Latin American US Embassy's and the USD has been the official currency in the Republic of Panama since 1903! Now, let's talk about your comment specifically about the Regulator's in Panama. One cannot open a banking relationship in Panama without multiple referrals from professional sources in Panama! I am not familiar with banking in your represented home of Yemen, however I would suggest Panamanian banking relationships are only established with equal or more strict identity requirements than in your own country!

I would urge you to be more diligent in gathering the facts before issuing opinions especially without first hand knowledge or basis from your own personal or verified third party referral, having been researched properly.

About the subject Forex Broker, I will check them out physically in person and check on their references with both regulators and trade groups! In fact, it may be worthwhile to open a trading account with them to verify their representations?
Atlas1
  • #1,088
  • Sep 26, 2010 1:56pm Sep 26, 2010 1:56pm
Quoting Atlas1
I offer here a counter-opinion to your statement above referring to your doubts about financial regulators in the Republic of Panama....
you said it far better than this 'muppet' could have. They have just in the last 3 months opened thier doors to retail traders.
Don't chase the market, Let the market come to you
  • #1,089
  • Sep 26, 2010 5:58pm Sep 26, 2010 5:58pm
Quoting ybfjax
That was the goal: to get some independent verification.

Edit: I received my wire Friday. I want to check with my bank to see exactly what time it arrived. But the request was submitted and processed Thursday. It shows incoming wire on friday in the USA. Wow. There was a $20 usd fee taken at the wire origin. That's more than acceptable.

As a separate related question, I was curious as to how wires worked in austrailia. I was told by a GoM representative that you wait until the END of the day (appx 6pm AEST) to withdraw the funds from clients...
Hi,

Withdrawals are started about 3.30p.m AEST and completed by 6p.m , International wires are completed first so they leave in plenty of time, Australian wires and transfers only take overnight to reach the client hence 5-6p.m for a transfer is fine.
  • #1,090
  • Sep 26, 2010 7:15pm Sep 26, 2010 7:15pm
Quoting Atlas1
I offer here a counter-opinion to your statement above referring to your doubts about financial regulators in the Republic of Panama....
nice speech, meaningless to me. I would not be sending my money there.... case closed.
  • #1,091
  • Sep 26, 2010 7:19pm Sep 26, 2010 7:19pm
Quoting Tmac
you said it far better than this 'muppet' could have. They have just in the last 3 months opened thier doors to retail traders.
3 months woooooooooow they really have a rep then, please piss off to the dedicated thread for inavo trade. If you want to risk your money on gambles that's your business.

I trade with Go Markets and I anit leaving for a 3 month old suspect broker in Panama. Lets please keep the discussion about Go Markets and not other brokers in their thread.

If you want to plug something open a new thread.
  • #1,092
  • Sep 26, 2010 7:53pm Sep 26, 2010 7:53pm
Quoting >Apocalypto<
3 months woooooooooow they really have a rep then, please piss off to the dedicated thread for inavo trade. If you want to risk your money on gambles that's your business.

I trade with Go Markets and I anit leaving for a 3 month old suspect broker in Panama. Lets please keep the discussion about Go Markets and not other brokers in their thread.

If you want to plug something open a new thread.
muppet here apoc
you are quite funny but also ignorant and your posts continue to show that. I am done here, for those that do a little homework, you will be surprised, in business 5 yrs for institutional customers only now open to retail so you can taste what a real STP broker can do....its not my loss but yours apoc.

BTW name calling does not do you justice, from looking over prior posts of yours one would assume you better than that but you find all kinds in FF as you have made quite clear.

please do not respond as you are now on ignore and feel free to do the same for me.
Attached Image (click to enlarge)
Click to Enlarge Name: spreads.JPG Size: 48 KB
Don't chase the market, Let the market come to you
  • #1,093
  • Sep 26, 2010 8:07pm Sep 26, 2010 8:07pm
Quoting bounty1
Hi, Two Questions for Chris Gomarkets

1) Why MT4 does not have "slippage" control in the order window like some others mt4 platforms, is it possible add this function? In the Expert Advisors the function slippage is accepted or ignored?

2) For telephone support (open close orders) read this:
"For overnight trading please mention that you are a GO Markets Client and ensure that you have your UserID and Phone Trading password available as they will be asked for."

"UserID" is intended Login ID (or Account number), or other code ?


P.S.:...
Bounty,

Thanks for your post.
The 'slippage control' you mention is that the 'maximum deviation from quoted price'? if so this is only for instant execution MT4 brokers because if the price moves you could be prone to requotes hence to avoid this you can set a maximum deviation.
We are a market execution MT4 broker and hence dont have requotes so this function is not available or indeed needed.

We also advise all clients to change there password to something more memorable to them when they open an account, it like like one of the other members of forex factory has advised you on how to fix this.

Cheers
  • #1,094
  • Sep 26, 2010 8:32pm Sep 26, 2010 8:32pm
Well done GoM,
You managed to close the gap today, excellent you’re doing really well.
Now, just keep on going and close the gap from last week and the week before. It’s not that hard.
  • #1,095
  • Sep 26, 2010 8:56pm Sep 26, 2010 8:56pm
Quoting GoMarkets
Bounty,

Thanks for your post.
The 'slippage control' you mention is that the 'maximum deviation from quoted price'? if so this is only for instant execution MT4 brokers because if the price moves you could be prone to requotes hence to avoid this you can set a maximum deviation.
We are a market execution MT4 broker and hence dont have requotes so this function is not available or indeed needed.

We also advise all clients to change there password to something more memorable to them when they open an account, it like like one of the other members...
Thanks for clarification, yes mean "maximum deviation".

Yeah, I guess the reason is the execution without requotes, but 'in this case the maximum deviation could be useful to protect themselves in case of very fast and large price movements on volatile cross (example gbp-jpy), to avoid being executed at a price too far from the one you want if you are "in the middle" of a very strong acceleration in prices at the time of 'delivery of' order, even pending orders "buy/sell stop" do not have a guaranteed price, or max. deviation box.

Assuming that the maximum deviation can effectively function as a "filter" in these fast movements.

Regards
  • #1,096
  • Sep 27, 2010 1:36am Sep 27, 2010 1:36am
Just dropped out for a few minutes. My other brokers are OK. Anyone else have any trouble?
FF journal: Peaks and Troffs
  • #1,097
  • Sep 27, 2010 1:54am Sep 27, 2010 1:54am
Quoting bogus
Just dropped out for a few minutes. My other brokers are OK. Anyone else have any trouble?
I was, seems to have been fixed by switching to another DC
Money grows on the tree of persistence
  • #1,098
  • Sep 27, 2010 1:56am Sep 27, 2010 1:56am
No issues at my end...........

Hey, I have noticed that fill times seem faster, has anyone else noticed that?

cheers................
  • #1,099
  • Sep 27, 2010 2:00am Sep 27, 2010 2:00am
Quoting ozmacca
I was, seems to have been fixed by switching to another DC
Cool. Good to know it's not just me.
FF journal: Peaks and Troffs
  • #1,100
  • Sep 27, 2010 2:01am Sep 27, 2010 2:01am
Quoting >Apocalypto<
No issues at my end...........

Hey, I have noticed that fill times seem faster, has anyone else noticed that?

cheers................
Yes, It is faster since the shift in servers.
FF journal: Peaks and Troffs
0 traders viewing now