talk about a tale of 2 companies, Go used to be pretty mediocre with some requotes and some uncompetitve spreads and i was on the brink of using them less and less
they have recently had an upgrade and well hope it stays the way it is now as spreads are great with absolutely no requotes and the speed is supidly quick.
good work
Sam
September 13, 2009
1 year Total 5 months LIVE with this Broker
4
My experience with them is quite good, they allow scalping, hedge, weeks ago I had some minor problems with the quotations but after the upgrade this has been solved. No complains, on top of that, I subscribed using this IB: sky-fx.com and my profit is been enlarged. Very good experience with them too. !!
Liam, australia
September 3, 2009
20 years Total 1 year with this Broker
1
Heres my honest two cents worth;
These guys are rank amateurs. If your serious about trading, then dont go with gomarkets. Im telling you this from 20 years trading and testing multiple brokers and platforms. There are brokers all offering Metatrader .. but thats where it stops, different feed, rates etc are also an issue..
If your the occassional manual trader then these guys are ok but be prepared to put up with the usual broker BS and f**cking around trying to get their s**t together.
Since Ive been with them ive endured downtime (waking up to systems off) only to be told its a fire alarm problem shut down the server, spiky data caused by illiquid price feed, numerous attempts to upgrade the servers having to recode the EAs from different price feeds to make them work, poor chart data quality, constant dropouts, slow tics (a lot of guys overseas that use scalpers wont touch go because their data feed is poor)
My transactions on my scalpers dropped 70% compared with that of Alpari, thats a fact, i have the settled transaction sheets. I ran the same EA over the same time over the same chart and had one broker do 9 trades vs 2 trades on gomarkets. Something is definitely fishy about the data feed. This company promises a lot but delivers very little. They are constantly fluffing around with services, data, bs after bs and each time i have to get my EAs altered to reflect changes etc. When i first joined fapturbo was banned and then spreads were maxed out .. its like a second hand lawn mower... one days its one thing .. another day its another... LACK OF CONSISTANCY.
Ask major EA providers and you will see very few of their clients use Gomarkets.
So the spread .. half a pip? so how do they make money? The answer might lie in the terrible slippage which is 4-10 pips on occassions in the morning. The old broker BS is hard at work, we offer half a pip spread but little do you know youve just paid the extra on the slip,,, if half a pip were going through where does everyone get a cut including your IB's?
Speaking of broker BS, these guys have been active in the forums but were caught red handed posting under different nic's
check http://www.forexpeacearmy.com/public/review/www.gomarketsaus.com?page=1
Review Moderation Team Note: We aren't blinkered either and go to great efforts to prevent fake reviews. In this case, we are more concerned that Chris seems to have left 4 and 5 star reviews for GoMarketsAus as...
James, Syndey
pipprofit, Australia
James, Melbourne,Vic,Aus
jake, Canada
Our screening for fake reviews caught these pretty quickly, so they were deleted.
As for having the money in Australian bank accounts.. come on fellahs ..get real! the guarantee is up to a $1m and there is no where on the site that said your deposits are guaranteed only that its in a segregated bank account .. which let me say is comingled with other client funds...therefore if your $$$$ are in a pool of $5m and something happens ...will you be in the $4m that the government doesnt pay out?
Leverage is an ordinary 1:200, ... lets face it .. 1:400 or 1:500 is available elsewhere and so is metals, oil and indicies which this company doesnt offer.
LATENCY: Check the commercial network services company latency chart and find comparison ie.
gomarkets is up to 5 times slower in latency than some of the other brokers ... Slow order processing will cost you, this in turn will experience requoting .. but they keep mucking around with the order flow processing to try and stop requoting so i dont get trying to execute an order 3 times to get out these days thank god.
No dealing desk. Look guys, it really doesnt matter if your a small time trader .. but go say they dont have a dealing desk .. but can anyone confirm whether theyre a white label (to a broker that does)?
More questions than answers and I would seriously look at other brokers ...
try FXCM, FXOPEN, AXIS FOREX, Tadawul etc...
your EAs will thankyou for it.
Wizard, Australia
September 1, 2009
10 Years Total 1 Year with this Broker
4
I have been with GO for about 1 year. At the start it was very tiresome to hear all the excuses, but now, they have finally listed to their customers.
I scalp (In and out within 1min) & have turned my 5k account into 25k. NO issues at all! A good mate of mine referred me to these guys cause they are one of the only brokers in Australia with MT4 & it's great! i've just compared the majority of platforms to GO's and the spreads are way better than anywhere else! AWESOME!!
John Australia
September 1, 2009
5years Total 1-2months with this Broker
1
For those of you who made money including myself with this broker congratulations.There have been many posts here about profitable traders getting manipulated by the spreads, the execution and all the other dirty tricks and guess what.... "They are all right"!!!!!
Stay away because when you start making money then the "Broker Games" begins.This is a wanna be stp broker.In all seriousness they are a "bucket shop broker".Chris if u can't stand profitable traders you should just close up shop because there are winners and their are losers in this game.You say your asic regulated!! who cares??? If u can't be honest about your business why bother with your b.s server upgrades and better spreads for the losing clients.every trader has his or her style and if a certain style is successful then let them be.If u can't do that then why even run your ponzi.I bet you 90% of the trades stay in the system and probably 10% is routed.
Chris also reckons he can't manipulate the spreads...Wake up chris if you have access to bump up the spread for a bit of commission through your program then you can manipulate the spreads around news.Shame on you buddy one day you'll get yours.
If u know how to lose money then this broker wants you on board.Just for the record ive seen all the dirty gomarketsaus tricks that prevented me from earning much much more and as i mentioned earlier if you know how to make profit in forex then this broker will ban you, simple as that..and you don't mind scalpers but i won't reveal my style as you know what that is chris...
This post is not from any competition so don't be fooled by a reply post as i tell things how they are with no b.s in between.Experience with this broker has guided me to summarize this pathetic attempt as a stp broker.More like a bucket shop to me.
You wanna a good broker stick with the big names like dukascopy and mb trading e.t.c.
Belfort
September 1, 2009
7 years Total 2 months with this Broker
2
i was recommended this broker by a friend of mine for scalping. As soon an i made profitable trades my spreads became higher, as high as 5 pips on eur/usd. I called in just to find out that they were not going to change my spreads. I see few in here have already mentioned that. The post below sounds from a rep from GOMARKETS. Its very unfortunate we see reps coming inot these forums to post their own positive reviews.
GOMARKETS could improve if they just stopped cheating and scamming traders. I have heard they have improved their spreads but their fills are ridiculous.
australia
August 31, 2009
4 years Total 7 months live with this Broker
5
i see stawned is on here as well crying wider spreads to stop his mad trading. He knows who i am refering to. This is the dame reason you wre banned at Aussie stock forums cuz you had multi nicks and lied.
Go have great spreads right now execution has been improved. I am very happy at Gomarkets I scalp the cable & $/JPY . One thing at Go when there is a issue they're on top of it and fix it. This is the sign of a broker that wants your business and appreciates it
Great going Gomarkets keep u it!
AJ Byron, Australia
August 27, 2009
9 months Total
4
Spreads are good. Customer service is good. Instant execution which is great! I think they will go to mobile trading this year.
andrea, oz
August 25, 2009
2 years Total 2 months with this Broker
4
Loving the new spreads, but please bring back oil futures.
Under half a pip for some currencies, metatrader is good but can you get it on I phone?
Fredrik, Australia
August 22, 2009
4 years Total 5 months with this Broker
4
I have made money with Go, and they haven't stopped me trading, or 'scammed' me like some people claim. Things are pretty good, new spreads have come in really tight with EURUSD around 1 pip most of the time. I have seen it go down to 0.1 on a few occasions, which is ridiculous! The customer service is good, but i suppose the only problem was some slow server stuff a couple of months ago. Got caught out on a spike which hit my stop, but they fixed it up within about 10 minutes, so no harm done.... most brokers would take a while longer!!
v shah,australia
August 21, 2009
6 months Total 3 months with this Broker
4
Good broker , no issues so far, will update after using them for longer.
New spreads are very tight during main session.
A flowers, London
August 20, 2009
Live 3 years Demo 3 years and still learning Total 3 months Live with this Broker
4
Having traded with many of the CFD providers over the last few years I found i was steadily moving away from CFD's on Shares and dabbling more and more with Forex. I had a few disastrous trades with some brokers who will remane nameless and I decided to choose a provider who specialised in Forex rather than the other way around. My experience with Go markets has been a positive one and would recommend Go . I chose an Australian company because of the tight regulation and the banking system is held in high regard.
The prices at Go are very good and the staff are courteous and efficient ( some more than others but thats life) and the trading platform is very responsive compared to some web platforms
I trade without the use of any MT4 expert advisers but find my trading style to be getting better with time but find all the forex forums and websites highly valuable in expanding my knowledge.
moya, malaysia
August 18, 2009
7 years Total 6 month live with this Broker
4
I dont agree, Go Market are good company, my EA's work well most of time, fast withdrawal.
No spread changes, spreads are very tight during Euro and U.S trading.
law
August 18, 2009
2 years Total 4 months with this Broker
1
i have been scammed by this broker in changing my spreads as soon as i became profitable. I have read that this has happened to many but didnt belive it as i thought gomarkets was very good. I called them and they said they were having server problems and it happened for 3 days in a row after which i called them back and they refused to change my spreads back to normal and told me that if i didnt like the high spreads then i should be looking to open an account with another broker. I did that. Very unproffesional.
I have then gone to other broker review threads and have noticed that this has happened to many.
The below site has gomarkets representatives writing their own reviews. It just shows how low they can go to lure in customers.
Shame on this Australian company. Its company like yours that ruins over international reputation as well. http://www.forexpeacearmy.com/public/review/www.gomarketsaus.com ( read the review by Chris)
Julius, Australia
August 18, 2009
2.5 Years Total 4 Months Live with this Broker
1
They closed my account because i was milking money out of them, proving that they hedge against you. They are not a fan of scalpers either. Dont be fooled by their spreads (they are good no doubt, but of no use if you make money!). I have accounts with several brokers right now, and i know who are the good, the bad and the ugly. This one is by far the worst when it comes to ethical behavior (actually in par with CMC Markets!). Take care of your money.
REVIEWS & RATINGS




james, england
September 17, 20093 years Total
8 months with this Broker
talk about a tale of 2 companies, Go used to be pretty mediocre with some requotes and some uncompetitve spreads and i was on the brink of using them less and less
they have recently had an upgrade and well hope it stays the way it is now as spreads are great with absolutely no requotes and the speed is supidly quick.
good work
Sam
September 13, 20091 year Total
5 months LIVE with this Broker
My experience with them is quite good, they allow scalping, hedge, weeks ago I had some minor problems with the quotations but after the upgrade this has been solved. No complains, on top of that, I subscribed using this IB: sky-fx.com and my profit is been enlarged. Very good experience with them too. !!
Liam, australia
September 3, 200920 years Total
1 year with this Broker
Heres my honest two cents worth;
These guys are rank amateurs. If your serious about trading, then dont go with gomarkets. Im telling you this from 20 years trading and testing multiple brokers and platforms. There are brokers all offering Metatrader .. but thats where it stops, different feed, rates etc are also an issue..
If your the occassional manual trader then these guys are ok but be prepared to put up with the usual broker BS and f**cking around trying to get their s**t together.
Since Ive been with them ive endured downtime (waking up to systems off) only to be told its a fire alarm problem shut down the server, spiky data caused by illiquid price feed, numerous attempts to upgrade the servers having to recode the EAs from different price feeds to make them work, poor chart data quality, constant dropouts, slow tics (a lot of guys overseas that use scalpers wont touch go because their data feed is poor)
My transactions on my scalpers dropped 70% compared with that of Alpari, thats a fact, i have the settled transaction sheets. I ran the same EA over the same time over the same chart and had one broker do 9 trades vs 2 trades on gomarkets. Something is definitely fishy about the data feed. This company promises a lot but delivers very little. They are constantly fluffing around with services, data, bs after bs and each time i have to get my EAs altered to reflect changes etc. When i first joined fapturbo was banned and then spreads were maxed out .. its like a second hand lawn mower... one days its one thing .. another day its another... LACK OF CONSISTANCY.
Ask major EA providers and you will see very few of their clients use Gomarkets.
So the spread .. half a pip? so how do they make money? The answer might lie in the terrible slippage which is 4-10 pips on occassions in the morning. The old broker BS is hard at work, we offer half a pip spread but little do you know youve just paid the extra on the slip,,, if half a pip were going through where does everyone get a cut including your IB's?
Speaking of broker BS, these guys have been active in the forums but were caught red handed posting under different nic's
check
http://www.forexpeacearmy.com/public/review/www.gomarketsaus.com?page=1
Review Moderation Team Note: We aren't blinkered either and go to great efforts to prevent fake reviews. In this case, we are more concerned that Chris seems to have left 4 and 5 star reviews for GoMarketsAus as...
James, Syndey
pipprofit, Australia
James, Melbourne,Vic,Aus
jake, Canada
Our screening for fake reviews caught these pretty quickly, so they were deleted.
As for having the money in Australian bank accounts.. come on fellahs ..get real! the guarantee is up to a $1m and there is no where on the site that said your deposits are guaranteed only that its in a segregated bank account .. which let me say is comingled with other client funds...therefore if your $$$$ are in a pool of $5m and something happens ...will you be in the $4m that the government doesnt pay out?
Leverage is an ordinary 1:200, ... lets face it .. 1:400 or 1:500 is available elsewhere and so is metals, oil and indicies which this company doesnt offer.
LATENCY: Check the commercial network services company latency chart and find comparison ie.
gomarkets is up to 5 times slower in latency than some of the other brokers ... Slow order processing will cost you, this in turn will experience requoting .. but they keep mucking around with the order flow processing to try and stop requoting so i dont get trying to execute an order 3 times to get out these days thank god.
No dealing desk. Look guys, it really doesnt matter if your a small time trader .. but go say they dont have a dealing desk .. but can anyone confirm whether theyre a white label (to a broker that does)?
More questions than answers and I would seriously look at other brokers ...
try FXCM, FXOPEN, AXIS FOREX, Tadawul etc...
your EAs will thankyou for it.
Wizard, Australia
September 1, 200910 Years Total
1 Year with this Broker
I have been with GO for about 1 year. At the start it was very tiresome to hear all the excuses, but now, they have finally listed to their customers.
I scalp (In and out within 1min) & have turned my 5k account into 25k. NO issues at all! A good mate of mine referred me to these guys cause they are one of the only brokers in Australia with MT4 & it's great! i've just compared the majority of platforms to GO's and the spreads are way better than anywhere else! AWESOME!!
John Australia
September 1, 20095years Total
1-2months with this Broker
For those of you who made money including myself with this broker congratulations.There have been many posts here about profitable traders getting manipulated by the spreads, the execution and all the other dirty tricks and guess what.... "They are all right"!!!!!
Stay away because when you start making money then the "Broker Games" begins.This is a wanna be stp broker.In all seriousness they are a "bucket shop broker".Chris if u can't stand profitable traders you should just close up shop because there are winners and their are losers in this game.You say your asic regulated!! who cares??? If u can't be honest about your business why bother with your b.s server upgrades and better spreads for the losing clients.every trader has his or her style and if a certain style is successful then let them be.If u can't do that then why even run your ponzi.I bet you 90% of the trades stay in the system and probably 10% is routed.
Chris also reckons he can't manipulate the spreads...Wake up chris if you have access to bump up the spread for a bit of commission through your program then you can manipulate the spreads around news.Shame on you buddy one day you'll get yours.
If u know how to lose money then this broker wants you on board.Just for the record ive seen all the dirty gomarketsaus tricks that prevented me from earning much much more and as i mentioned earlier if you know how to make profit in forex then this broker will ban you, simple as that..and you don't mind scalpers but i won't reveal my style as you know what that is chris...
This post is not from any competition so don't be fooled by a reply post as i tell things how they are with no b.s in between.Experience with this broker has guided me to summarize this pathetic attempt as a stp broker.More like a bucket shop to me.
You wanna a good broker stick with the big names like dukascopy and mb trading e.t.c.
Belfort
September 1, 20097 years Total
2 months with this Broker
i was recommended this broker by a friend of mine for scalping. As soon an i made profitable trades my spreads became higher, as high as 5 pips on eur/usd. I called in just to find out that they were not going to change my spreads. I see few in here have already mentioned that. The post below sounds from a rep from GOMARKETS. Its very unfortunate we see reps coming inot these forums to post their own positive reviews.
GOMARKETS could improve if they just stopped cheating and scamming traders. I have heard they have improved their spreads but their fills are ridiculous.
australia
August 31, 20094 years Total
7 months live with this Broker
i see stawned is on here as well crying wider spreads to stop his mad trading. He knows who i am refering to. This is the dame reason you wre banned at Aussie stock forums cuz you had multi nicks and lied.
Go have great spreads right now execution has been improved. I am very happy at Gomarkets I scalp the cable & $/JPY . One thing at Go when there is a issue they're on top of it and fix it. This is the sign of a broker that wants your business and appreciates it
Great going Gomarkets keep u it!
AJ Byron, Australia
August 27, 20099 months Total
Spreads are good. Customer service is good. Instant execution which is great! I think they will go to mobile trading this year.
andrea, oz
August 25, 20092 years Total
2 months with this Broker
Loving the new spreads, but please bring back oil futures.
Under half a pip for some currencies, metatrader is good but can you get it on I phone?
Fredrik, Australia
August 22, 20094 years Total
5 months with this Broker
I have made money with Go, and they haven't stopped me trading, or 'scammed' me like some people claim. Things are pretty good, new spreads have come in really tight with EURUSD around 1 pip most of the time. I have seen it go down to 0.1 on a few occasions, which is ridiculous! The customer service is good, but i suppose the only problem was some slow server stuff a couple of months ago. Got caught out on a spike which hit my stop, but they fixed it up within about 10 minutes, so no harm done.... most brokers would take a while longer!!
v shah,australia
August 21, 20096 months Total
3 months with this Broker
Good broker , no issues so far, will update after using them for longer.
New spreads are very tight during main session.
A flowers, London
August 20, 2009Live 3 years Demo 3 years and still learning Total
3 months Live with this Broker
Having traded with many of the CFD providers over the last few years I found i was steadily moving away from CFD's on Shares and dabbling more and more with Forex. I had a few disastrous trades with some brokers who will remane nameless and I decided to choose a provider who specialised in Forex rather than the other way around. My experience with Go markets has been a positive one and would recommend Go . I chose an Australian company because of the tight regulation and the banking system is held in high regard.
The prices at Go are very good and the staff are courteous and efficient ( some more than others but thats life) and the trading platform is very responsive compared to some web platforms
I trade without the use of any MT4 expert advisers but find my trading style to be getting better with time but find all the forex forums and websites highly valuable in expanding my knowledge.
moya, malaysia
August 18, 20097 years Total
6 month live with this Broker
I dont agree, Go Market are good company, my EA's work well most of time, fast withdrawal.
No spread changes, spreads are very tight during Euro and U.S trading.
law
August 18, 20092 years Total
4 months with this Broker
i have been scammed by this broker in changing my spreads as soon as i became profitable. I have read that this has happened to many but didnt belive it as i thought gomarkets was very good. I called them and they said they were having server problems and it happened for 3 days in a row after which i called them back and they refused to change my spreads back to normal and told me that if i didnt like the high spreads then i should be looking to open an account with another broker. I did that. Very unproffesional.
I have then gone to other broker review threads and have noticed that this has happened to many.
The below site has gomarkets representatives writing their own reviews. It just shows how low they can go to lure in customers.
Shame on this Australian company. Its company like yours that ruins over international reputation as well.
http://www.forexpeacearmy.com/public/review/www.gomarketsaus.com ( read the review by Chris)
Julius, Australia
August 18, 20092.5 Years Total
4 Months Live with this Broker
They closed my account because i was milking money out of them, proving that they hedge against you. They are not a fan of scalpers either. Dont be fooled by their spreads (they are good no doubt, but of no use if you make money!). I have accounts with several brokers right now, and i know who are the good, the bad and the ugly. This one is by far the worst when it comes to ethical behavior (actually in par with CMC Markets!). Take care of your money.