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GoMarkets Discussion

  • #4,521
  • Mar 7, 2013 6:34am Mar 7, 2013 6:34am
Quoting mitch77
I was thinking of opening an account with Vantage FX and noticed that the website is the same layout as GoMarkets and low and behold they have the same contact address. I have not read all this thread but I guess I am not the first to notice. Even though Vantage FX seems to have good feedback after reading some of the comments on here I am somewhat reluctant to open an account with Vantage now if they are connected.

Can anyone enlighten me?
Here:
Quoting GO Markets
Hi,

Just to clarify an earlier post,
Vantage FX based in Australia is simply a corporate authorised rep of Go Markets.
Vantage FX white label Go markets MT4 systems and due to the use of our license we also hold client funds in seperate trust accounts in accordance with the corporations act 2001 on behalf of Vantage FX.

Hope this answers your question

Cheers
  • #4,522
  • Mar 7, 2013 6:46am Mar 7, 2013 6:46am
Thanks for the reply.

That response sounds alot better than the rude arse person I spoke to at GoMarkets a few minutes ago on chat. As that person said "not the same company, seperate entity" but if you ask me its a part of GoMarkets as why else have the same address.

I guess it doesn't matter as I wont be opening an account with either.
  • #4,523
  • Mar 7, 2013 7:32am Mar 7, 2013 7:32am
omg my stop order become crazy with go markets

i buy stop order gbp usd at 1.4999 before news england

and be execution at 1.5063

i close at 1.5044 with lossing 20 pips

wow my friend
  • #4,524
  • Mar 7, 2013 8:51pm Mar 7, 2013 8:51pm
slipp is the answer
  • #4,525
  • Mar 8, 2013 12:27am Mar 8, 2013 12:27am
Just open an account with Pepperstone, they are about as fair as you'll get for retail MT4.

Ever since Chris left Go has not had one single good point to offer.
My comments are not to be taken as trading advice, not a financial advisor
  • #4,526
  • Mar 10, 2013 9:47pm Mar 10, 2013 9:47pm
Gomarkets has been very great in past , then they turned to be worst broker with deposit fees increasing , bad support and much more . The fucking shit I hate is someone called to my phone number and asked me to deposit , he will credit 10% bonus for me just deposit and trade bla bla bla . Enough said...
  • #4,527
  • Mar 21, 2013 1:28am Mar 21, 2013 1:28am
Just had my account frozen, rang the 1800 number and they said that they are under investigation dose anybody know whats going on ???
By our actions we are known
  • #4,528
  • Mar 21, 2013 8:33am Mar 21, 2013 8:33am
Quoting Goody
Just had my account frozen, rang the 1800 number and they said that they are under investigation dose anybody know whats going on ???

me too, I got an email saying that my account has been suspended .... for recently making a profit??? they are saying i cant make any withdrawals until the "investigation" has completed in the timeframe of 3 months..... i chatted with the customer support and their service is a disgrace... ive emailed the customer support... see how it turns out... if this issue doesn't get resolved ill talk to my friends at ASIC
  • #4,529
  • Mar 21, 2013 8:59am Mar 21, 2013 8:59am
and by the way I was using a pyramiding EA that I designed myself ... I've been losing money for years with gomarkets then when all of a sudden I make a little bit of profit they treat me like a criminal... lets how this turns out
  • #4,530
  • Mar 21, 2013 3:11pm Mar 21, 2013 3:11pm
They appear to have been struggling ever since the takeover with customer dissatisfaction.

Don't leave it too late to seek help, you can withdrawl your asic or finance ombudsman application at any time and they are easy and free to fill out and submit online.
My comments are not to be taken as trading advice, not a financial advisor
  • #4,531
  • Mar 21, 2013 8:04pm Mar 21, 2013 8:04pm
how's the pip spread like on the "GO Markets Pro Account" during news release such as NZD GDP?
also, is there way to check gomarkets historical data for broker spread for this event?
I don't throw darts at a board. I bet on sure things. Read Sun-tzu, The Ar
  • #4,532
  • Mar 21, 2013 9:24pm Mar 21, 2013 9:24pm
I am also shocked. Got my account suspended email today. I haven't been trading for more than 2 months.

I open an internet chat with them. The moment I introduced myself as a Go Market client and mentioned my account was suspended, the CS disappeared faster than MACH 3.


Ok... after long wait, finally I got the following reply.
you: Hi
GO Markets Support 17: hello
GO Markets Support 17: How can i help ypu?
you: I am a Go Markets client
you: Just got an email telling me my account has been suspended
you: I am shocked
you: as I haven't been trading for more than 2 months
you: Hello.........
GO Markets Support 17: Can you send and email to [email protected] please?
GO Markets Support 17: They will explain better this situation. Thank you.
you: ok

Hmmm..... look like something fishy here.
  • #4,533
  • Mar 22, 2013 2:20am Mar 22, 2013 2:20am
Can someone please post back on the stated reasons for the freeze, and the final resolution?
Measure trends automatically with zero lag
  • #4,534
  • Mar 22, 2013 11:18am Mar 22, 2013 11:18am
Quoting flowerhorn
I am also shocked. Got my account suspended email today. I haven't been trading for more than 2 months.

I open an internet chat with them. The moment I introduced myself as a Go Market client and mentioned my account was suspended, the CS disappeared faster than MACH 3.


Ok... after long wait, finally I got the following reply.
you: Hi
GO Markets Support 17: hello
GO Markets Support 17: How can i help ypu?
you: I am a Go Markets client
you: Just got an email telling me my account has been suspended
you: I am shocked
you: as I haven't...

Gomarkets latest venture is to set up a Kangaroo Court where they have appointed themselves, Judge, Jury and Executioner.

Absolutely no proof given and funds frozen simply on completely unfounded allegations. Ridiculous way for a so called regulated broker to behave. Now it will be interesting to see how the much vaunted Australian Regulator deals with such outlandish conduct.
  • #4,535
  • Mar 22, 2013 11:28pm Mar 22, 2013 11:28pm
Who knows, they may have been caught up in this: http://forexmagnates.com/metaquotes-...legal-plugins/
My comments are not to be taken as trading advice, not a financial advisor
  • #4,536
  • Mar 23, 2013 5:17pm Mar 23, 2013 5:17pm
ok after reading this I think I will get out of GoMarkets next week.

I was about to put 7k more in my account with them next week and so lucky I found this topic.

So I registered a demo account at OandA and here is what I found out for the pair that I'm having order on:

(see m1 attachments) by the end of last week, AUDNZD:

spread on OandA is 10 pips
spread on GoMarkets is 24 pips

Really? For the pair of the same country and its neighbourhood country (NZ), 24 pips spread?

That's why I will leave them next week. Is there any suggestion for other broker in AU? I'm in AU.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audnzd-go.png Size: 44 KB
Click to Enlarge Name: audnzd-oanda.png Size: 40 KB
back... and more dangerous.
  • #4,537
  • Mar 23, 2013 6:48pm Mar 23, 2013 6:48pm
Quoting kbp
ok after reading this I think I will get out of GoMarkets next week.

I was about to put 7k more in my account with them next week and so lucky I found this topic.

So I registered a demo account at OandA and here is what I found out for the pair that I'm having order on:

(see m1 attachments) by the end of last week, AUDNZD:

spread on OandA is 10 pips
spread on GoMarkets is 24 pips

Really? For the pair of the same country and its neighbourhood country (NZ), 24 pips spread?

That's why I will leave them next week. Is there...
go with pepperstone..... im taking my money out as well...this broker has become an absolute joke ..... they said they will remove the profits I made with a particular EA I used.... how pathetic... don't waste your time with this bucket shop
  • #4,538
  • Mar 23, 2013 10:57pm Mar 23, 2013 10:57pm
Quoting suetombo
go with pepperstone..... im taking my money out as well...this broker has become an absolute joke ..... they said they will remove the profits I made with a particular EA I used.... how pathetic... don't waste your time with this bucket shop
this broker HAS already been a clown!!!
  • #4,539
  • Mar 24, 2013 3:31am Mar 24, 2013 3:31am
After reading your comments about this broker, I think I won't open the account of this broker as well as VantageFx. It is hard to earn money from forex market and I can't imagine the earnings is so easy erase by the broker.
  • #4,540
  • Mar 24, 2013 3:44am Mar 24, 2013 3:44am
Quoting suetombo
go with pepperstone..... im taking my money out as well...this broker has become an absolute joke ..... they said they will remove the profits I made with a particular EA I used.... how pathetic... don't waste your time with this bucket shop
if you dont mind, what is this EA based on :

indicators
arbitraging prices of different brokers
price delay arbitrage during news

??
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