GoMarkets Discussion

I just had a position EurUsd, in profit by some 10 pips, moved my SL to BE plus 2....
To see the spread widen to take my position out at a loss, the pair did not fall to my SL and to add insult the pair then went on to make another 15 pips...

Luckly it was only a 0.07 lot position, so I staying away untill this is sorted, now looking for another Aussie broker.
Sadly so far they all appear no better..

I have sent this message to Go Markets, see if I get a response....

I had yesterday a telcon with Chris. He advised to stay at the sideline untill this issue is sorted.
my question is just... how long should I stay at the sideline?

Nowbody knows. bad luck for us.

it's a excellent advice. just monitor spread during news time if it settle then try 0.01 lot if you happy then trade it

The spreads are still not like they used to be but sure are better than yesterday. Step in the right direction

VantageFX, which has grown considerably since severing with GoM and joining Enfinium. Ibfx au. Spreads arent greatest, but consistent and they appeal to a global reach with non


If you don't need too much leverage, then MB Trading UK should do.
Right. You don't have to sign up with everybody, but have your favorite broker, followed by broker #2 and maybe broker #3. In all fairness, it took people like MB Trading over a year to get mt4 right from when they first started beta testing and they already had strong relationships with their liquidity providers. We've been very spoiled over the last few months with GoM and it hit many of us hard when we saw such large spreads, something I would have expected with Oanda.

I kind of feel for GoM. It sucks when you don't own the whole supply chain, or a significant part of it. So when a supplier starts messing with you, you have to find another one, which can be difficult. But since the show must still go on, you still have to drag your feet with the existing one. So you smile to their face knowing good and well that they are giving you a raw deal. I'm sure plan b and c are already in motion, but because forex is such a real-time business, reputations can shift quite quickly.

Do u or anyone have an account with them? How is the execution speed?

Hmmmm no real improvements in spreads and negative slippage on every order this week, though have only had a couple of trades this week.

Re-enabled my EA today; 13 trades on EU with an average spread of ~1.6 pips.

5 nasty spikes today, worst one was @ 21;05 until 21;10 (server time, 22 pips spread..)

I see improvement.

i was just in 2 trades short, could not exit in profit as spread spiked to 22 pips for Aus news release, then 12 pips and after price moved back up they put the spread back to 2 so now in loss.

I understand should not trade at news time but this did not used to happen with Go. We could ride out news, only considering the effect of the news but with this spread issue will have to make hard and fast rule no trades before news and be out of market at all red news as the spread blowout was on all pairs that i noticed.

I understand the news aspect but its when Go changes its normal operating behaviour that I do not agree with.

I am already in discussions with another broker and will be moving my account.

Julie,
I'm in the same boat.

My option to exit at + 8 or so ( or atleast put my SL to BE ) was taken from me, and instead I was stopped out at -18.

I've emailed them, and am giving them the opportunity to make good. I know it's beyond their control ( i.e. it's their LP ), but at the end of the day, my business relationship is with them, not their LP.

what a @#$@#$ start to the day.

Which broker gives +22 pips spread on EURGBP .. rofl this is awsome professionally done by this broker. Just a while ago spreads went +22 on EG well done GO!>. this same thing happened just in NY as well

had an account, but rarely traded with them. They were similar to gom with spreads (the low spreads, not the spreads now), so didn't see the need to. Because they were opened with US residency docs, have to reapply.

Been watching them for a while, they've grown quite a bit. and they always send out an email when something important changes, like new trading products, funding method, mt5, unusual seminar, etc. I think now they are offering limited access free vps for clients with $1k and certain volume requirements. I only know because they sent an email.

Peeps,
My patience level with this spread issue has expired, so I'm closing my account with GO.

All the best with it everyone........hopefully they get back to how they used to be.

But for now, my account will be with another broker.

adios.

This is stupid, execution time is now over 1 second before it was only 300ms - 400ms, I thought this new LP was supposed to make things better. It's actually worse and suprise suprise now we've got constant negative slipppage, gappage and huge spread! have I logged into Alpari UK by accident?

Guess this is gomarkets way of shafting all the scalpers.

We asked Duncan Bannatyne about Go Markets new LP.....

http://jbd2010.co.uk/jbd2010b/wp-con...03_468x385.jpg

It was pretty big news, but that is a huge spread for sure!

The trouble that news brings is more than I can usually bother with. I think all the brokers have a field day with clearing out stops and making closing profits very difficult.

Still shaking my head, 22, glad I was at my real job this morning!

Hello are you a dealing the desk broker or a no dealing the desk? I am reading about many different types of brokers and just wanted to know what type you are.

Well I don't speak on behalf of GoM but they advertise themselves as a ndd-stp broker, that has a back office dealing desk for people who make calls to place or adjust trades. So essentially they simply display best quotes from their liquidity pool plus their markup and your orders pass straight to the pool.

It's getting beyond a joke. Big spikes around news that we have never had before.

Hey Chris and co,
Any chance of a update of where you guys are at with the liquidity provider and are you working on something else etc.
I dont expect you to come in every day or even 2-3 days but a update every few days would be great only takes 2 min to post soemthing up.
I must say I am getting a bit worried about you guys I have been with you for along time and watched you grow and go through all kinds of stages but this seems to be the worst I have seen and I am watching person after person come on here and say thats it im out and they dont seem to be the normal newbie or moaner they seem to be the level headed traders and that to me is a worry big time when you start to lose your core traders and they are the ones we see leaving of late.
It just seems like these last few problems are taking along time to fix now I dont know whats involved and i dont really care to be honest all I want is the old GO back.
Please let us know your thoughts etc.
Cheers
K
And no I havent called them and to be honest I dont really want to as a share holder in a round about way I juts want a update.

glad I didn't have my stop in when this amazing picture happened!
it was 11.32 am aussie time, employment news.