Discuss GOMarkets.com (Was GOMarkets.com.au)

[Phillip Warran]

Go Markets at it again

Hi Graeme, I feel for you, they sound extremely guily don't they!! I mean, if the price movements were genuine, why would they refund your money? I only trade the GBUSD pair at the moment and working full time means only checking my charts sporadically during the day. yet despite this sparse attention, I still manage to find GO MARKETS spikes regularly. These are not genuine price spikes as they do not appear on other platforms i watch on my computer. the latest attachment is the GBP/USD pair during the ASIAN SESSION. No news here guys so no excuse from Go Markets. It is only a 17 pip spike further south than other platforms, but enough to take out long positions held by traders looking for the top end of the 1 hour channel. (see attached charts).
Anyway, Go Markets are just shonks who say they move all trades onto the open market instead of taking them on themselves. I don't believe this for 1 second. Their floating spreads are meant to make us feel safe. The problem is, they add life vests or lead weights depending on what suits them best. They claim there business model is based around their employees being sales people and they are not traders. If you can believe that one, then check for pigs wings, you'll be a millionaire. I want to march against them as they give Australia a bad name. FXCM here in Australia seem pretty cool. Nothing unordinary found. Another one is MB Trading (now with MT4). I hope this helps.
Phil

 

[RahmanSL]

Really???....Gomarket really have such nasty treatment & shocks for their LIVE account clients??

...And here I am being courted and whispered sweet-nothings to via e-mail from Gomarket!

Hmmmmm, not such a good suitor;huh??? Thanks for the warning guys!!!

 

[Maximuss]

they simply use dirty tricks

SCAM
this only one word to describe this

check this:




<a href="http://s418.photobucket.com/albums/pp263/hytyd/Fx/?action=view&current=2.jpg" target="_blank"><img src="http://i418.photobucket.com/albums/pp263/hytyd/Fx/th_2.jpg" border="0" alt="Photobucket" ></a> <a href="http://s418.photobucket.com/albums/pp263/hytyd/Fx/?action=view&current=1.jpg" target="_blank"><img src="http://i418.photobucket.com/albums/pp263/hytyd/Fx/th_1.jpg" border="0" alt="Photobucket" ></a>


And its strange but I post two times my review and it doesn't appear on this page
this i my review

I Agree with "fred, sydney" with 100%
they simply use dirty tricks.
1 pips on EUR/USD belive me NEVER HAPPEN !!!
always when you close/open position platform freeze for 2-3 sec and its very, very often against you, result - you always open/close position a few pips against you
in importants moments on the market always, always you order freeze, they simply cheat

 

[glittle56]

Hi Fellow Traders,

You have to get a look at this. Today as the market opened, the NZDUSD spiked downward with a fairly low volume. I checked my new broker's MT4 chart (SmartTradeFX) and the spike was significant. But when I checked GoMarkets MT4 chart you won't believe it. The spike on GoMarkets was 200 pips lower than SmartTradeFX. Yes, 200 pips lower. Can your Stop Losses withstand that difference if holding an overnight position.

Please see attached pictures. Then check your own charts.

SmartTradeFX NZDUSD Low .71744
GoTrader NZDUSD Low .69745
Amazing that it is exactly 200 pip difference

I would like Chris from Go Markets to explain how their charts are 200 pips different to other brokers charts. There may be no regulation of brokers but this is down right theft and should be reported to the authorities.

Go Markets proves itself yet again as a blatant SCAM and there is just no other way to put it. The sooner they are out of business the better it will be for everyone.

I am not saying SmartTradeFX is a better broker. I am just testing them now on a real money account. They got high recommendations on this forum so I will let you all know what I find over the next few months.

Good Trading,

Graeme Little

 

[glittle56]

Go Markets are the Illusionists!!!

Hi Fellow Traders,

My last post regarding the underhanded dealings of Go Markets has now gone to a whole new level.
I posted the pictures of the spike that was 200 pips lower than another broker BUT "Hold the Phone", when I checked the Go Markets chart today, the spike has vanished. Take a look at the same chart that I posted earlier and see how it looks now.

Can brokers actually get away with this gross negligence?

What prices are we actually receiving from Go Markets? Do they just make them up as they go?

Good Trading,

Graeme

 

[Ping]

Warning Go Markets

Hi everyone,

can anyone help me?

to cut the story short, I just joined Go Markets for about 10 days and this thing happened to me. It's regarding the pips that spike up. I had a short position of GBP/JPY on friday 6/8/2010. I put the SL at 137.00. When the NFP news came out, suddenly it hit my SL, while actually the chart never went up to 137 at all. The highest in the chart was only 136.58. Then I called go markets this morning explaining the situation and they told me that's the real value of the market. According to them the spreads becomes very big during the news (which in my case at least 42+pips).

I was trading with my friend on Friday who use fxpro mt4, i was surprised when my friend's account was still going while i was finished because of this spike up spreads.

Is this normal?

Any suggestion for me to solve this?

 

[glittle56]

Hi everyone,

can anyone help me?


I was trading with my friend on Friday who use fxpro mt4, i was surprised when my friend's account was still going while i was finished because of this spike up spreads.

Is this normal?

Any suggestion for me to solve this?

Hi Ping,

Have you read the rest of this thread? Perhaps you will now believe what Go Markets has been doing.

My suggestion is to ask for a refund, then never trade with them again. They are a scam.

Good luck.

Graeme

 

[ema2009]

EA Development

Just started using GO Markets and have been happy so far. Support is good. Just wondering if anyone knows of a good EA programmer that I can use for my strategies.

 

[hyperbolic]

My experience with Go Markets was mostly positive. Funding, withdrawal both straightforward. This wasn't the best broker I've had in terms of profitability of trades, but it was still quite profitable. Customer service was always polite, prompt and professional. My biggest beef is that they are no longer serving US clients.

 

[goldenpipgate]

The Point Is

Guys, guys... sure there are many saying "They are happy" "never had a problem with GO" and so on and so on
(Like buying a ferrari to drive around the city)

BUT

to the point and a waste of space otherwise,
you are NOT testing them unless you are making decent money!!

Is there ANYONE here (and not someone pushing propaganda for Go)
who truthfully:

1/ Makes decent profits
2/ Watches the spreads
3/ Does shorter term trades (Long term position traders are not good examples as they often have very large stops.)
4/Compares their spreads/spikes with another live account and/or another brokers charts.