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GOMarkets.com (Was GOMarkets.com.au)

Discussion in 'Forex Brokers' started by Administrator, Feb 9, 2009.

  1. Pharaoh

    Pharaoh Colonel

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    I'm still wondering why Go Markets would totally discountinue a commonly traded pair.

    If that peg is altered, all CHF pairs could go wild. Reducing leverage on all CHF pairs makes sense. Increasing free margin requirements for those holding trades on CHF pairs makes sense. This could have been done in several steps in the days leading up to the expected announcement so that traders could make their own decisions about what to do.
     
  2. RP1

    RP1 Corporal

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    And there you have it ladies and gentlemen. Go Markets have just admitted so much in that post about what sort of a broker they are you just have to read between the lines.

    Also this first line of your post " From this scam forum..."

    So your saying FPA is a scam forum ? This forum is a place where scammers are exposed and put to shame.

    Rupert , perhaps while your here I wonder if you would be so kind as to explain the earlier posts on this thread where spikes are show on your companies charts but not on others?
     
  3. Pharaoh

    Pharaoh Colonel

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    Parts of this thread were originally in the Scam Alerts folder, so I don't think "scam forum" refers to the FPA so much as to the Scam Alerts folder.

    I am curious about the spikes RP1 mentions and still would also like to see my posts addressed.
     
  4. FXCobra

    FXCobra Banned for uncivilized conduct

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    Gomarkets action is obvious, "trading against its clients". The timing was more than suspicious. They warned clients and eurochf went up to 1.2155 and is now up. All clients who had positions near the peg could had benefit from that spike but Gomarkets diminished their chances by getting them afraid of it closing all positions.
    Like you said, other options could had been represented despite it will also be illegal to lower leverage but increasing fee margin would be good;).
    Other than advice clients, the broker have nothing else to do, just like many brokers had advice its clients at Greece Voting day to warn from possible eurousd weekend gap when market open. That was more dangerous event than eurochf peg but no broker told clients to close positions.
     
  5. FXCobra

    FXCobra Banned for uncivilized conduct

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    You are a Good Heart person Pharaoh:), far of conspiracies. Gomarkets language was tricky, manipulate, but also Clear for us to understand its meaning;)

    Some brokers had been making spikes down for eurochf from time to time under the 1.20 peg to hunt clients stop losses that are most set at that area few pips under the peg.
    Gomarkets confessed that in its representative last post, excusing their decision because clients have many positions high leveraged with stop loss right under the peg.
    Other brokers had no reached price of eurochf under 1.2005 from long months ago which proves brokers like gomarkets SCAM.

    Not to forget, gomarkets failed the first test they had put for themselves of their 'weekend gap' excuse but we at FPA are more generous to give them the full this week to prove us wrong.

    Counting did not stop. 2-3 days to go gomarkets:p:cool:
     
  6. FXCobra

    FXCobra Banned for uncivilized conduct

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    GoMarkets obliged its clients to close all Eurochf positions before 10 September or the broker close the positions itself.
    Gomarkets gave a reason to its decision of "protecting clients accounts" because SNB maybe remove the peg.
    We at FPA gave Gomarkets the full this week to prove us wrong but that did not happen.
    Gomarkets proved itself a Total Scam Broker;) because no worse timing to take that decision than now, which add to the suspicious decision that proves Gomarkets trading against its clients.
    I advice all Gomarkets clients to withdraw their money before getting scammed by this broker like had done to its clients with eurochf positions.
    SNB did not remove the peg and Eurochf reached 1.2177 so far, that caused Gomarkets clients to loose huge money resulted from the broker suspicious decision:confused:.

    Be aware people, do not open an account with Gomarkets Scam Broker:mad:

    FPA is proud to give Gomarkets the Scam Broker Trophy:D:cool:
     
  7. ToonyMoon

    ToonyMoon Recruit

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    GO Markets has more server drop outs. was offline for 2 hrs last night and an hour the night before. Disconnections all day today.

    Stay away from GO Markets.
     
  8. Austrader2012

    Austrader2012 Private, 1st Class

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    What is the difference between the banks and brokers manipulating the market during news or big moves compared to this arbitrage ea. The brokers are quite happy to let you loose your money. There is definitely market manipulation. And then over weekend we see massive gaps!!!!!
    I did complain once about this saying I had lost money but was told that the company had suffered a dns attack. Did they protect me, no! Did they reimburse me, no! Why is the broker vulnerable to dns attacks and what can be done to protect customers from this. What happens If you get shut out of a trade due to a failure of the brokers platform?
     
  9. Austrader2012

    Austrader2012 Private, 1st Class

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    A small update here. I have spoken to Rom today. He is being very patient and taking time to look at my concerns. NB they are updating to a new automatic deposit and withdrawal feature which sounds like to it will be better than the current system.
     
  10. Dave_C

    Dave_C Recruit

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    Would just like to add my support for Rom and GoMarkets in general.

    I have been a customer since their inception and have always found the company to be extremely ethical and outgoing in their replies to any queries that I may have had. Rom is a great asset to the company.

    Over the years we have discussed contentious issues and I have always accepted the outcome in full understanding of their position. In particular, their honesty is impeccable and I have never felt any other attitude other than the customer is king. You can't say that about many companies these days.

    To those that may have issues, you need to discuss them openly with GoMarkets as I am sure that you will always have an open and fair communication channel.
     

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