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GoMarkets Discussion

  • #4,021
  • Dec 7, 2011 5:50pm Dec 7, 2011 5:50pm
Quoting leerees
GoMarkets is a STP broker so they make their money through spread. Because of this you can't expect them to refund you slippage.

I know you don't want to hear this but seriously, I don't see how a business can take onboard losses that they have no control of, it's different with non STP's as they make money trading against their clients so slippage refunds no doubt come from client money anyway.

From what I can tell It's not only us traders who've lost out, gomarkets have probably lost heaps now that all the EA liquidity has been squashed.

The...
Or we could all move to a new broker. I am looking at Axitrader at the moment.

scfx
The best indicator is price.
  • #4,022
  • Dec 7, 2011 5:50pm Dec 7, 2011 5:50pm
Just a note for people interested in trading from an ipad.

I use an app called 'RDP' and remote desktop back to my PC at home, which is running Metatrader (essentially as my own VPS) - Yes my PC is on all the time, but I find it to work very well.

If anyone wants more details on how to set it up PM me.

Cheers
Seb

Quoting tokyotrader
Is any one using gomarkets with an iPad??

I can enter volume and open orders but I can't enter stop loss and t.p.

I read the user guide, the window w/volume top right. When I press volume, my keyboard opens, but when I press on s/l or t/p nothing...

Can anyone help?
- Look to the left, Trade to the right - I am the system
  • #4,023
  • Dec 7, 2011 6:36pm Dec 7, 2011 6:36pm
I use Axis there pretty good order speed could be quicker but its consistent so you know what your going to get, slippage goes both ways so no back end program running on the slippage that I can see anyway. Spreads are really good around what GO used to be.
  • #4,024
  • Dec 7, 2011 8:35pm Dec 7, 2011 8:35pm
Hello All,

Just following up this week.

In regard to last weeks NFP, our spreads were a little inconsistent before the release. We did speak immediately to our LP and those who have traded news this week would have seen much tighter spreads.

We just had unemployment data produce an unexpected rise and saw a 40 pips fall in AUDUSD, spread with us was max 7.2 pips on the release with ticks coming through less than 1.4 pips seconds later. Both Canadian and Aussie rates had spread not move out until a few seconds before and were max 9.9(USDCAD) and 6.9 (AUDUSD) pips respectively as the data was published.

The spread averages have come down this week and will continue to in the coming weeks as we further work on our product.

In terms of the ipad, best to give the guys a call here for troubleshooting.

Cheers,
Joel
  • #4,025
  • Dec 8, 2011 1:32am Dec 8, 2011 1:32am
Not sure what spreads you are looking at Joel but that is certainly not the case from what I see in fact I dont remember seeing spreads this wide on GO and I have been with you guys from the start of Mt4 and even previously so yeah but na.
  • #4,026
  • Dec 8, 2011 10:46pm Dec 8, 2011 10:46pm
The spread on eur/usd is about 2.1 now, on my computer.

My time zone is GMT+8.
  • #4,027
  • Dec 8, 2011 11:31pm Dec 8, 2011 11:31pm
Hi Joel,

The easiest way to check your performance is to go to FX Intel and show Vantage, Axitrader and GO.

Lately GO always seems to be higher than the other 2, when we also have to allow for slippage on entries and exits it does make GO rather expensive.

Everyone should have a goal in life, maybe yours could be having GO the lowest of the three, not the highest, work to be done
Money grows on the tree of persistence
  • #4,028
  • Dec 8, 2011 11:56pm Dec 8, 2011 11:56pm
Quoting ozmacca
Everyone should have a goal in life, maybe yours could be having GO the lowest of the three, not the highest, work to be done
how arrogant are you?

maybe your goal in life could be to not suggest to others what their goal in life should be.
Congratulations ScalaFX for coming out of the closet!
  • #4,029
  • Dec 9, 2011 12:26am Dec 9, 2011 12:26am
Quoting nubcake
how arrogant are you?

maybe your goal in life could be to not suggest to others what their goal in life should be.
did you start trading with go ? is operation back to normal ? my account have some money (not enough for normal trading) if it back to normal i can put my ea on live test
Mohan
  • #4,030
  • Dec 9, 2011 5:23am Dec 9, 2011 5:23am
Open slippage, close slippage, spread widening if thats normal than yes, its back to normal Mohan.


Scalping is not an option with GoMarkets anymore, I wont trade anything under the hourly chart with these guys now and next year I think I will move my funds to Axitrader!


Nothing lasts forever and the good run with GoMarkets (over 3 years) is coming to an end.

Shameful.
  • #4,031
  • Dec 9, 2011 7:52am Dec 9, 2011 7:52am
Quoting PixeLM
Open slippage, close slippage, spread widening if thats normal than yes, its back to normal Mohan.


Shameful.
Thanks , i better not put my ea on go , it might kill my moral.
Mohan
  • #4,032
  • Dec 10, 2011 6:55pm Dec 10, 2011 6:55pm
The only thing keeping me with GoMarkets is that I'm new to trading, and haven't been doing much as of late (I'm trying to remain disciplined and stick to learning).. Also, I haven't tried any other brokers so thus can't make any comparisons.

Apart from that, the main thing keeping me there is the move to the new phone platform.. Much better than the metatrader phone platform.

Time will tell, I suppose..
  • #4,033
  • Dec 11, 2011 4:25am Dec 11, 2011 4:25am
What new phone system?

Quoting SYNeR
The only thing keeping me with GoMarkets is that I'm new to trading, and haven't been doing much as of late (I'm trying to remain disciplined and stick to learning).. Also, I haven't tried any other brokers so thus can't make any comparisons.

Apart from that, the main thing keeping me there is the move to the new phone platform.. Much better than the metatrader phone platform.

Time will tell, I suppose..
  • #4,034
  • Dec 11, 2011 5:27pm Dec 11, 2011 5:27pm
Is GOM still 100% STP?

Given GOM advertises (or at least used to) they draw liquidity from “70 banks and institutions”, their spreads should be outstanding, but these days, looking at exotics such as GBPAUD and EURNZD, it isn’t the case.

To give GOM credit, their spreads on even these exotics were at one time very well priced.

That said, I wonder if GOM are doing a bit of MM (internal hedging) these days, given the overall increases in spreads on exotics, and other pairs!!
.
  • #4,035
  • Dec 11, 2011 5:39pm Dec 11, 2011 5:39pm
Quoting dawsonsg
What new phone system?
The Xogee one which recently replaced the metatrader mobile platform.
If need be, i guess i'll jump ship if it means going back to MetaTrader mobile.
  • #4,036
  • Dec 11, 2011 8:18pm Dec 11, 2011 8:18pm
Quoting ozmacca
Hi Joel,

The easiest way to check your performance is to go to FX Intel and show Vantage, Axitrader and GO.

Lately GO always seems to be higher than the other 2, when we also have to allow for slippage on entries and exits it does make GO rather expensive.

Everyone should have a goal in life, maybe yours could be having GO the lowest of the three, not the highest, work to be done
Would you recommend GOM if to trade live?
Or others like what you wrote Vantage and Axitrader?
To choose one for the latter, which one would you go for?
Thanks & Cheers
  • #4,037
  • Dec 11, 2011 10:13pm Dec 11, 2011 10:13pm
Quoting sniperfxmy
Would you recommend GOM if to trade live?
Or others like what you wrote Vantage and Axitrader?
To choose one for the latter, which one would you go for?
Thanks & Cheers
I haven't traded with the others so I can't say really. There are threads on both so you can have a read there or simply Google some reviews on the others.

GO used to be the best spreads until the problems started, still with them at the moment but not trading much due to other factors.

I am hoping that by the time I get back into it they will have sorted out the problems and return to their previous standards.
Money grows on the tree of persistence
  • #4,038
  • Dec 12, 2011 2:38am Dec 12, 2011 2:38am
Quoting PeterE
Is GOM still 100% STP?

Given GOM advertises (or at least used to) they draw liquidity from “70 banks and institutions”, their spreads should be outstanding, but these days, looking at exotics such as GBPAUD and EURNZD, it isn’t the case.

To give GOM credit, their spreads on even these exotics were at one time very well priced.

That said, I wonder if GOM are doing a bit of MM (internal hedging) these days, given the overall increases in spreads on exotics, and other pairs!!
.
I've not beedn trading with GO for a while. Could it be due to year end where volume has gone thin due to year end?
  • #4,039
  • Edited 7:19pm Dec 12, 2011 2:43am | Edited 7:19pm
Quoting PeterE
Is GOM still 100% STP?

Given GOM advertises (or at least used to) they draw liquidity from “70 banks and institutions”, their spreads should be outstanding, but these days, looking at exotics such as GBPAUD and EURNZD, it isn’t the case.

To give GOM credit, their spreads on even these exotics were at one time very well priced.

That said, I wonder if GOM are doing a bit of MM (internal hedging) these days, given the overall increases in spreads on exotics, and other pairs!!
.
i have tested my go account today with 0.1 lot 4 trade (market order) all had negative slippage ( 1 -2 pip) during Asian session. once tp (limit ) had 0.2 pip gain


Edit : i have received call from my account manager today Reg. this post. Looks go market getting back to normal

Edit2 : slippage coursed by mufti terminal client additionally today i had 1 pip gain on TP
Mohan
  • #4,040
  • Dec 12, 2011 4:13am Dec 12, 2011 4:13am
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
Quoting Jason Kwok
I've not beedn trading with GO for a while. Could it be due to year end where volume has gone thin due to year end?
Definitely not, its a change in their policy...

The new GO: "Lets screw our customers"
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