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GOMarkets — Forex Broker

GOMarkets:

Company: GO Markets Pty Ltd
On-line since: 2008
Country of origin: Australia
Regulation: Regulated by ASIC (registration number: ACN081864039).
Payment options: Wire transfer, BPAY, credit cards and PayPal
Minimum account size: $1
Minimum lot size: 0.01 lot
Leverage: up to 1:500
Spreads: 1.5-2 pips on EUR/USD
Rating:
5.5/10 with 206 votes

Rate broker — GOMarkets:
Categories: PayPal Forex brokers
MetaTrader Forex brokers
Gold trading brokers
Forex brokers with CFD trading
Opinions: See GOMarkets reviews.

Advantages:

Disadvantages:

  • No important disadvantages

Click here to open an account with GOMarkets


Reviews:

74 reviews of GOMarkets are presented here. All reviews represent only their author's opinion which is not necessarily based on the real facts.


Ed from canada09/04/2009

Spreads all seem very normal, 1 pip average on Eur/Usd is good with Gbp/Usd hitting average of 1.5 during main trading. keep it up. New server speed is first class.

Only concern is they should have Canada office and not just Australia

Real trader are you in China or Australia? you cant be in both.


real trader from china from china09/03/2009

they have upgraded their server, but the spreads seems higher than the passed week.Is there anyone have the same experience?


Real Trader from Australia09/01/2009

Hi, This broker has some tricks up its sleeve. I have a feeling they are going to make a runner once they have a whole heap of clients. Then declare bankruptcy. Has anyone noticed a whole lot of positive reviews comeing up in the last few weeks? Although this broker has been open for years. Its all a marketing scam! Their employees were also caught posting many of their own 5 star reviews in one of the most known FX reveiew websites on the net - dont beleive me? Go check it out at forexpeacearmy!!

Just be careful with who you trust your hard earned money with, just a word of caution.


CableTrader from Australia08/31/2009

Reading the above comments from Paul Sydney - Sam Aust, i would say they're the same person as J.P.

What makes me laugh is J.P. made that same post on another forum that i am a member of.

He was the only person complaining about GoMarkets no matter what the company rep replied. His nick was stawned, he also made a second nick rasta to complain about Go Markets. He was banned.

I would not take anything seriously that he writes as no one did on the forum he posted on about Gomarkets.

Stawned was your typical blame the broker trader, that has no idea how to trade IMO.

Back on topic

I have been live with Gomarkets for 7 months, in the last few weeks the spreads have become amazing. Tightest spreads on EUR/USD I have seen. Even better the Oandas .9. I have seen 0!

I have had a reqoute here and there but no broker can requote free. Especially in pairs on/around London open, when the price does changes from click to server received.

Has no issue with scalping, no restrictions I could see.

Emil today explaining the server change this is ment to dramatically improve execution. I am impressed with this as Go listen to there clients and make changes based of what they hear.

I hope the mods here filter the idiots like J.P aka stawned aka rasta aka Paul or whatever you want to call yourself!

Cheers


doug from America08/31/2009

Hi Guys,

I manage some clients Forex trading and place quite a few trades through Go markets. My clients are scattered around Europe and Asia and they feel comfortable having accounts with Go markets because of regulation and banking.

The new changes Go have implemented this weekend are good for my clients, and they have now made it impossible for any requotes which is good for trading around figures.

Will update when I have roadtested the server updates but it is much quicker than before by a whole nine yards


reyno C from perth08/29/2009

keep on geeting requotes all week. In a slow moving market i was quoted 4 times on 1 single trade. Moreover customer servive was really rude. I read in another review that Chris from gomarkets was posting his own reviews in a broker review . poor


coco from frankston08/27/2009

I've been told they are upgrading their systems which is good, because that was my biggest concern- sometimes execution was slowm

Spreads went a bit wide a month ago, but about a week ago things tightened up and are now sweet as!!

I can't really complain, just wish I was a bit better!


Hoppy from Oz08/22/2009

Have been using Go for quite a while, and mostly happy, apart from a few hiccups a couple of months back. However, in the last week spreads have really tightened, and if things stay this way I will be very happy. Server has been a little slow at times, but apparently they are sorting that out, so thats cool. Certainly not the worst broker I use!


Christoff from Germany08/20/2009

Terrific new spreads, I use Go for small trades and MT4 but may take biz from my other broker if Go stays this way


Gorey from Oz08/19/2009

Not bad not the best but at least they haven't ripped me off. Been a client for over a year. Like mt4 and looking forward to mt5

spreads are about the same as ig markets but ig don't have mt4


Moya from Malaysia08/19/2009

Go are very good broker, they treat me well with fast withdrawal. spreads have got much better. EA works well.


Stuart from New Zealand08/19/2009

I dont understand their business practices. They like to advertise that they dont open positions against you, like most mt4 brokers do. But once you make money, they will close your account - which means that they are loosing money and hence they DO ACTUALLY trade against you. I am not going to en-trust my money with them. Following my experiences,i am NOT going to recommend them to any of my mates.


Pipman from London08/18/2009

had my reservations at first but spreads have improved dramtically, would love them to have a GBP account but I can live with that. I use another provider aswell but GO may win the race at this rate


James S from UK08/17/2009

I use FAP and megadroid with Go plus manual scalping for a while now. Highly recommend them , profits paid quickly and havent experienced any of the problems by the guy below. all FX brokers have good and bad posts and Go arent perfect i.e they dont have a UK office but i prefer them to most


J.P. from Australia08/17/2009

Let me sum this broker up in 4 words - TYPICAL BUCKET SHOP BEHAVIOUR aka if you want to make money, then they will do anything to stop you!

Here is my experience with them. Its only been a few weeks that i have been with them. Everything was nice and rosy as expected (ie. make a few pips, loose a few pips, basically just breaking even.) Then one day i make about $2200. I wake up the next day, my spreads have changed (i am getting wider spreads). That next day after that, i make another $600. The third day i have even wider spreads - im talking 4 pips on EURUSD, 7 pips on GBPUSD, 11pips on GBPJPY.. I call them up and they say that they have "liquidity" problems. So i call up 2 of my friends and ask them how they are trading with such wide spreads in GoMarkets - guess what? They ask me what i'm on about - their spreads have not changed (1.5 pips). How about that? What a joke! Up until today, i have the same spread as you can see from the photo link i have uploaded ...

http://img29.imageshack.us/img29/1535/gomarketsspread.jpg

Anyways, bottom line is, gomarkets = very unethical business practice/behaviour. There is no point of trading with this broker if you plan on making money, and especially if you are dealing with a quite a lot of money.

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