has anyone here used the myfx thing that Go have on their site? Is it any good?
- Joined Apr 2007 | Status: HARD SHYT SCUBA TRADER | 20,883 Posts
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DislikedYou are correct.
For your information, this is a default setting from Meta, but it is something we are reviewing. Any changes made to this will of course need plenty of notice so we will keep all informed.Ignored
DislikedGoMarkets,
Need a clarification from you....
Is Go still classifying funding via credit card as a "cash advance" transaction?
The reason I ask is because my previous funding was charged an additional percentage by my credit card company due to the transaction shown as a cash advance instead as a purchase transaction.
Awaiting your response.
ThanksIgnored
DislikedAre you sure?
For how long?
The reason being asked is because scalpers would find it to trade as the huge (50) spread was not in their favored? IMO.Ignored
DislikedGoMarkets,
Need a clarification from you....
Is Go still classifying funding via credit card as a "cash advance" transaction?
The reason I ask is because my previous funding was charged an additional percentage by my credit card company due to the transaction shown as a cash advance instead as a purchase transaction.
Awaiting your response.
ThanksIgnored
DislikedMy GBPJPY stop was taken out with their 50pip spread on NFP release. 50pip spread , comon That's just ridiculous.Ignored
DislikedOur bank will always try to process transactions as a purchase, but for some international transactions your card will not allow this, so your bank may then charge you the additional fee. You would be best to check with your bank or card provider.Ignored
DislikedAs you all know by now our policy on incorrect prices is to fix them up as and when they occur whether they result in profit or loss. Incorrect prices and trades are always fixed.Ignored
DislikedDon't get me wrong, I still consider my self as a 'happy customer' with GoMarkets. I have tried over 10 MT4 brokers in the past with live accounts and in my opinion GoMarkets and Alapri UK are the best two MT4 brokers out there. Otherwise I would have closed my account long time ago.
However it's frustrating to loose my weekend beer money even after being on the right side of the market. Yeh.. it was a very sober weekend after all.Ignored
DislikedAs you all know by now our policy on incorrect prices is to fix them up as and when they occur whether they result in profit or loss. Incorrect prices and trades are always fixed.
As for a spread on GBPJPY of 50-pips around Non-farm payrolls, then I can only ask why you would not expect that? We are talking about arguably the most anticipated news announcement which results in severely low liquidity for a brief moment. These wider spreads only last for a few ticks and when there are over 400 ticks in a 1 minute period, then you can work out for...Ignored
DislikedI have also experienced price spikes which are of concern to me. I am curious how GoMarkets ensure best pricing execution for orders sent to their interbank market counterparties? Do they trade with enough high volume interbank market makers to ensure sufficient liquidity in fast moving markets ?Ignored