Thread: GoMarkets Discussion

From Australia, Go Markets are a good broker IMO, and they're controlled by a fairly hard regulator called: ASIC
I've traded with them for last 6 months since a live trial, besides my futures account, and did not find anything seriously wrong with them.
The only issue I have is the lack of a DOM with MT4, making order entry/exit/management a lot quicker and easier, also the lack of a generic choice of mount order on entry, instead of the cumbersome manual entry of SL amounts.

Has anybody noticed that Go Markets currently has a few seconds? When you click on buy or sell, it states that the order has been processed and then you receive the price of a couple seconds later with whatever slippage is incurred. If price is moving you'll incur slippage. You can check the number of seconds they choose for execution in your diary when you're trading or in your metatrader log.

Originally Posted by ;

I have read anywhere that their Currenex feed is excellent, so I'm thinking of trading.

Nevertheless since their host is in Australia I'm wondering if anybody trading from outside of Australia (e.g. US or UK) experiences considerably slippage.

The round trip ping length from US is around 200ms, so by the time you find a price in your terminal it can be obsolete.

So when anybody from outside of Australia trades through GoMarkets, please share your experiences, particularly regarding slippage.

I have traded with gomarkets, in the USA and the trades took forever to execute. I'm not sure just how long they took to really fill..However, they take anywhere from 1-3 minutes for market orders to execute for sure. Their is a few price slippage..However, the slippage isn't always against you..It's just like 50% change the price becomes filled at better than the quoted price and 50 percent it gets filled at worse price.

They explained that because I'm trading from the united states, it should take just a tiny longer..However, no more than one second.

Their price feed is the most volatile i have ever seen. .

Originally Posted by ;

Has anyone noticed that Move Markets currently has a few seconds delayed execution? When you click buy or sell, it says that the order has been processed and then you receive the price of a couple seconds later with whatever slippage is incurred. If price is moving you'll incur massive slippage. You can check the amount of seconds they choose for implementation on your diary when you're trading or on your metatrader log.

While I haven't had any complaints. . I exchange from the states that are united, and the transactions do not execute. But while attempting the demo account..the trades execute a lot faster than actual time.


One time I managed to cancel a market order and the system allowed it to be canceled after it had been transmitted..That's just how long it takes for orders to implements occasionally.

I will place some commerce times on sunday night.


My Actual only concern with them is the length of time it takes to fill market orders together. They have customer support, and deposits are imputed quickly. .

However, the exact long trade implementation is very worrying. . .It allows you to wonder what exactly' is going on...

I have had accounts with 15 forex brokers and there fills take the longest.

Originally Posted by ;

Has anybody noticed that Move Markets currently has a couple of seconds delayed execution? When you click buy or sell, it states that the order is processed and then you get the price of a couple seconds. When price is moving you'll incur huge slippage. You may check the amount of seconds they take for implementation on your diary when you are trading or on your metatrader log.

Yes that is something I discovered, however, as I operate the platform two PC's I find occasionally one PC executes instantly, while the other takes up to 4 minutes occasionally, I have been advised to delete the platform and reinstall it, but have not tried it yet, I do not think it's intentional, but can be a pain for sure.

Originally Posted by ;

Yes that is something I noticed, however, as I operate the platform two PC's I find occasionally one PC executes immediately, while another takes up to 4 minutes occasionally, I have been told to delete the platform and reinstall it, but haven't tried it however, I do not think it's deliberate, but can be a nuisance for sure.

Never think a broker that lets you know that slow execution is a problem in the end. It is at broker's end. If a broker blames your online connection or ask you to reinstall the platform they and you are only playing games. Believe me I am a veteran that has used many brokers. I have checked with other buddies that utilize Go Markets and report the delay began. It's a dealing desk egy though you might receive a price, then when the market moves you'll give it back and much more in enormous slippage. Plus it wouldn't matter in which part of the world you are in if the broker intentionally delays execution since I think Go Markets is doing.

Originally Posted by ;

just a query....do they simply charge on spread or do they also charge commission in addition to spread? Whats the .5% commission for?

There is absolutely not any commission nor a .5 percent commission.

Originally Posted by ;

From Australia, Go Markets are a decent broker IMO

I have heard the same from Australians, but my issue is whether execution is worse for non-Australians as a result of large physical distance to their own servers.

Originally Posted by ;

anywhere from 1-3 seconds for market orders to do for certain. Their is some price slippage..However, the slippage isn't necessarily against you. .

Due Gamma76, it is just what I needed to listen - the encounter of a US trader with GoMarkets whose servers are on the other side of earth.

Originally Posted by ;

It's like 50% change the price gets full at greater than the quoted price and 50% it has stuffed at worse price.

At least it is fair. A few other brokers only pass slippage to you if it is not in your favor.

Originally Posted by ;

they told me that because I am trading from the US, it should take just a tiny longer..However, no more than one second.

In order that they admit it themselves that the physical distance can cause additional delay.

Originally Posted by ;

Their price feed is the most volatile i have ever seen. .

That is the way an STP or ECN price feed should be, with prices remaining steady often for just a few milliseconds. So the larger the network latency, the harder it would be to ch the price that your terminal receives.

MetaTrader was never designed to be connected to a Currenex feed since GoMarkets have done, so perhaps problems arise, just like in a marriage.

What other brokers offer Currenex via MetaTrader, and how can they compare GoMarkets?

I've just checked the GoMarkets web site and it states that they will shortly offer the true Currenex platform tagged GoTrader Pro. The physical space for non-Australians is an impediment, although I assume execution would be better.