135 reviews of GOMarkets are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.
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 ...
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.
dont judge a book by its cover, i have used loads of fx brokers and go are the best so far, used them for a year with no issues. apparently a new improved price feed is on its way aswell.
most forums have very good reports on this company so worth trying.
i was getting requotes in more then 75% of my trades. I have read in other forums that they change spreads on your platform if you are making $. Customer service is not good at all after you fund your account. Withdrawals are fast, so thats a good point but i would never trust this broker on their unfair tactics. Beware and stay away.
I must admit I don't agree, I have been trading with go succesfully since december. Robots are working well and my account manager seems like he knows what he is talking about
GOMARKETS change spreads if you make money . They will manipulate spreads if you are making money in your own trading. Customer service is pathetic as there is noone to answer phonecalls in the evening/night. Lot of requotes and invalid prices.
Paul is the name of of one of the employed idiots there who is very arrogant. Stay away from this bucket shop.
I think GO's spreads are excellent, I run FXCM alongside and GO seem to beat them 90% of the time. I haven't tried withdrawing any funds yet but will update when I see how efficient that is.
i was introduced to Go about 3 months ago. spreads are tight and very good during main session in uk / us . i compare them to others and they hold up very well. if in doubt download a currenex demo and you will see that they are pretty much bang on.
negative points are that would prefer a better credit card payment option than paypal but i can live with that
They will manupulate spreads at certain hours and to close an order sometimes takes 4-5 times yes they do strange things to feeds so your robots dont work and throw in a spike to hit your losses or trigger you robots. They put filters on the feed and does not compare to other broker feeds
No problems with Go markets, spreads are really good and they have actually reversed spikes in my favour which has no thappened with other brokers before.
Their swap rates are high. Testing shows they rarely pay swap to YOU, They just take swap FROM YOU. Caution!
Good broker, like the MT4 platform, they are going to launch swap free accounts which should be good for carry trades
This is an excellent broker.
I have been using them and find no problems.
This broker i dont really understand them, b/c after filling their form for live acount and submitting all the required documents, the response from one of their representative is that they do not accept deposit from nigerian resident. Only at another time for another representative of their to contact me to send my passport. so what actually is their stand, any body with useful info b/c i like to trade with people that are straight forward for my money not to be at a great risk.
This broker is great! Have been using them for over a year now. Never had any issues with them! Very good customer Service.
This broker does not open an account for a US citizen. Nowhere on their site or in the application materials do they state this. Another wasted 20 minutes filling out an application & faxing passport & utility bills to get the dreaded "at this time, we do not open accounts for US citizens".
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