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  • #1,121
  • Sep 28, 2010 7:57pm Sep 28, 2010 7:57pm
I am a US citizen. As per all the new CFTC regs, am I able to open an acct with Go Markets? Thanks...look forward to your reply...
  • #1,122
  • Sep 28, 2010 9:47pm Sep 28, 2010 9:47pm
Quoting go4pips
I am a US citizen. As per all the new CFTC regs, am I able to open an acct with Go Markets? Thanks...look forward to your reply...
Yes you are, GoMarkets is not regulated by the CFTC and the CFTC can't tell you where to trade. Its that simple.
  • #1,123
  • Sep 29, 2010 6:09am Sep 29, 2010 6:09am
Quoting >Apocalypto<
I have been there before, (still bloody am to a degree). You maily trading price or indicator based systems? I have a price MA system, but latley i have been spending a heap of time on Ichimoku, I see fair amount of promise there.
Mine is price action based. I found that price action is the only real-time "indicator" everything else is lagging opinion. Stick to the fundamentals of the market and don't let knowledge of other humans lead you astray. Believe me, humans have accumulated a ton of knowledge over the years. The Four Agreements by Don Miguel Ruiz introduces you to Mastery of Awareness. You need awareness, not more knowledge.
Measure trends automatically with zero lag
  • #1,124
  • Sep 29, 2010 11:18am Sep 29, 2010 11:18am
Quoting GoMarkets
Hi,

I can confirm that NO directors of Go Markets are on the board of Endeavour Securities and the directors of Go Markets have instructed Lawyers to look into the inaccuracies of the comments made.

GO Markets are regulated by ASIC and any client is welcome to contact ASIC directly at www.asic.gov.au

GO Markets also has just renewed its PI insurance to protect against fraudulent activities of client funds to an amount of 6million AUD per claim per client.

Hope this helps
Chris,
It does help.

And I will say it again. You folks at GoM continue to impress - not because you are perfect or don't make mistakes, but because you are engaged with your customers, maintain dialogue with us, address issues as they arise and seem to care what your customers are saying both about you and the service you provide.

We, the customers are far from perfect, but we do have real concerns about our hard earned money. It is a growing relief that several of us feel with GoMarkets at the ongoing communication and apparent addressing of issues as they are raised - be they real or imaginary.

Believe me, that impresses because so many of your competitors do not perform these most basic and fundamental business tasks that customers are so sensitive to.

Please not only keep doing this but continue to improve and make sure that the company owners/managers know this. I assure you that the word is getting out around the forex retail world.

And just to clear the record, I have no axe to grind here. I am not an employee, nor related to one, nor an affiliate, nor do I receive any compensation of any kind from GoMarkets for any purpose whatsoever. I am a customer with a live account with your firm. I am also a fan of good business practices and like to see good work recognized and rewarded.
  • #1,125
  • Sep 29, 2010 12:38pm Sep 29, 2010 12:38pm
Hi Chris,

Could you answer the question w.r.t US citizen above. I saw Thor's reply but I understand that brokers are turning down client if they (brokers) have US affiliates regulated by CFTC.

Could you confirm if GoMarkets would still accept US clients?

Thanks
  • #1,126
  • Sep 29, 2010 6:50pm Sep 29, 2010 6:50pm
Quoting ybfjax
My EA is hosted on the same server company as their USA server. so the travel time was alwways < 1 millisecond.

Havennt been trading lately.
Where is Go Markets server located so I can get a VPS close to their US server.
  • #1,127
  • Sep 29, 2010 6:59pm Sep 29, 2010 6:59pm
Quoting aragorn123
Hi Chris,

Could you answer the question w.r.t US citizen above. I saw Thor's reply but I understand that brokers are turning down client if they (brokers) have US affiliates regulated by CFTC.

Could you confirm if GoMarkets would still accept US clients?

Thanks
Hi,

To be on the safe side we are having our lawyers look into this so we can have a definitive answer, but as we are not regulated by the CFTC it is hard to say definitively how they may impact on our current and future clients. We encourage anyone to check how the regulations impact on them as an inidividual and once we get word from our lawyers we will inform everyone.

Chris
  • #1,128
  • Sep 29, 2010 7:02pm Sep 29, 2010 7:02pm
Quoting daytrader15
Where is Go Markets server located so I can get a VPS close to their US server.
Our main server is currently located in Singapore, but at present we are doing a review of all our systems, so I cannot guarantee that it will be in the same place for the long-term. We do have data centres in North America which improves speed for clients in that part of the world, so you could use a VPS in that region. Alternatively, getting a VPS in the Asia-Pac region will likely give a fast execution as it will always be close to our main servers.
  • #1,129
  • Sep 30, 2010 1:49am Sep 30, 2010 1:49am
Go Markets north american server is located in our San Diego datacenter and listed in your terminal as DC5
BarrySDCA Commercial Network Services
  • #1,130
  • Sep 30, 2010 2:12am Sep 30, 2010 2:12am
Quoting daytrader15
Where is Go Markets server located so I can get a VPS close to their US server.
CNS San Diego, California.

Quote
Hi Chris,

Could you answer the question w.r.t US citizen above. I saw Thor's reply but I understand that brokers are turning down client if they (brokers) have US affiliates regulated by CFTC.

Could you confirm if GoMarkets would still accept US clients?


GoM has no US affiliate and is regulated by ASIC. I think this question has been answered numerous times by GoM already. Perhaps there should be some link on the homepage "SPECIAL NOTICE to USA clients." or "Our Position on recent USA CFTC ruling" Otherwise, people will kep asking.
Measure trends automatically with zero lag
  • #1,131
  • Sep 30, 2010 3:32pm Sep 30, 2010 3:32pm
Quoting GoMarkets
Hi,
To be on the safe side we are having our lawyers look into this...
Glad to see you are checking to see what the CFTC is doing. There are a couple other threads on it here at FF that you can look at. As far as restricting US based accounts from foreign brokers, it seems they are targeting brokers with US affiliates first. Then around June of next year, there is a provision going into effect which addresses foreign banks being counter-parties of US based trader's accounts. There certainly seems to be room for brokers that don't register with the CFTC and who are not counter-parties to trades, to exist outside of these rules.

Enforcement of these rules is another question. The CFTC can sanction brokerages that do not comply, as they do today, again if they are registered as foreign brokerages with the CFTC to operate in the US. But it is unclear what if any ramifications this has for the individual trader. Here are the links to two related threads at FF...

http://www.forexfactory.com/showthread.php?t=255233
http://www.forexfactory.com/showthread.php?t=252299
Disregard all prognostications.
  • #1,132
  • Sep 30, 2010 5:11pm Sep 30, 2010 5:11pm
Quoting GoMarkets
Our main server is currently located in Singapore, but at present we are doing a review of all our systems, so I cannot guarantee that it will be in the same place for the long-term. We do have data centres in North America which improves speed for clients in that part of the world, so you could use a VPS in that region. Alternatively, getting a VPS in the Asia-Pac region will likely give a fast execution as it will always be close to our main servers.
If you change the location or your servers you will tell it to your clients?
  • #1,133
  • Sep 30, 2010 6:16pm Sep 30, 2010 6:16pm
Quoting Golum
If you change the location or your servers you will tell it to your clients?
We are doing a complete infrastrucutre overhaul over the next couple of months which will look to incorporate both MT4 and MT5 and will of course involve brand spanking new servers. We will let all clients know all the details as and when it is finalised.
  • #1,134
  • Sep 30, 2010 9:18pm Sep 30, 2010 9:18pm
Quoting Pidgeon
Glad to see you are checking to see what the CFTC is doing. There are a couple other threads on it here at FF that you can look at. As far as restricting US based accounts from foreign brokers, it seems they are targeting brokers with US affiliates first. Then around June of next year, there is a provision going into effect which addresses foreign banks being counter-parties of US based trader's accounts. There certainly seems to be room for brokers that don't register with the CFTC and who are not counter-parties to trades, to exist outside of...

The CFTC has no authority to tell foreign companies how to operate, what makes you think they can. You traders are just making it worse by pushing the issue. The only thing stopping foreign brokers from doing business with US residents is fear, nothing else.
  • #1,135
  • Sep 30, 2010 9:49pm Sep 30, 2010 9:49pm
Is it just me or was there a reset about noon AEST and data has been as SLOW as molasses since then
Canadian by birth Australian by choice
  • #1,136
  • Sep 30, 2010 10:26pm Sep 30, 2010 10:26pm
Quoting TheSnowman
Is it just me or was there a reset about noon AEST and data has been as SLOW as molasses since then
The data's been good this arvo. Its just the market thats slow
FF journal: Peaks and Troffs
  • #1,137
  • Sep 30, 2010 10:58pm Sep 30, 2010 10:58pm
Quoting bogus
The data's been good this arvo. Its just the market thats slow
Hi,

Your right, its very slow out there today, we have compared to other providers and seems its a bit of a lazy Friday in the FX markets so far.
But nothing wrong with our data

Cheers
  • #1,138
  • Sep 30, 2010 11:31pm Sep 30, 2010 11:31pm
Quoting TheSnowman
Is it just me or was there a reset about noon AEST and data has been as SLOW as molasses since then
Platform is fine in Sydney even though the charts are barely moving.
  • #1,139
  • Sep 30, 2010 11:31pm Sep 30, 2010 11:31pm
Quoting bogus
The data's been good this arvo. Its just the market thats slow
Thanks, but definitely something wrong at my end, I have a count down bar timer on Metatrader and it stops and then jumps by 10, 20 or even 30 seconds sometimes, just wait and see if it clears up I guess
Canadian by birth Australian by choice
  • #1,140
  • Sep 30, 2010 11:34pm Sep 30, 2010 11:34pm
Quoting TheSnowman
Thanks, but definitely something wrong at my end, I have a count down bar timer on Metatrader and it stops and then jumps by 10, 20 or even 30 seconds sometimes, just wait and see if it clears up I guess
That is because MT4 only updates when it receives ticks.

If it cannot be manually refreshed by right clicking the chart and selecting "refresh", then maybe something is wrong???
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