Got Money FX - Page 2
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Thread: Got Money FX

  1. #11
    Quote Originally Posted by ;
    If their spreads on demo are any reflection of live they seem pretty well on par with everybody else .

    I'm going to make a small deposit tommorow and see where this goes, can keep everybody updated.
    If you're a US resident, then you cannot start together IMWO. They are like GOM, regulations.

  2. #12
    Quote Originally Posted by ;
    There does not seem to be much competition for Go Markets does there.
    FX, but they will discontinue ACCEPTING new USA customers after this friday. BUT will continue to support present customers. Not sure about their liquidity provider, http://www.Enfinium.com.au.

  3. #13
    Quote Originally Posted by ;
    Apol.
    Thank you for the information. I am not getting a good vibe from them . Every time I click in their chat button, no matter what time it is,day or night, they are offline. Alsothey emailed me saying they accepted IRA retirement accounts however Go Markets (another Australian broker ) told me by law they weren't allowed to accept these accounts. They reveal some quite low spreads on their web site but they are variable.
    333 ann st brisbane is mainly serviced offices. Seems three have been a few difficulties with these guys and may have been involved with apple investments at the gold coast. I called at 6PM and no answer and they are not listed in the brisbane white pages -- never a good sign. I operate a bloack away from these guys... may drop in and see what thye look like.

  4. #14
    1
    Guest
    Quote Originally Posted by ;
    Earning money FX. According to Australia, they accept US taxpayers,400:1 leverqage, hedging and low spreads. They say they are Austrailian controlled but I do not know the name of the regulator. They say they're a corporate authorized representative of Mark Power Financial Party Ltd.. There has been a little talk of the broker on this particular forum but not far. Does anyone know if they can be trusted or are they a fly by night? How can I go about determining whether they are legit or not? Here's their internet site-http://www.gmfx.com.au/ thank you
    Toothman the name of the regulator is ASIC http://www.asic.gov.au/asic/asic.nsf

    I downloaded their presentation yesterday.

    spreads are CRAP!!!!!!!! Compared to Interactive Brokers and Proceed Markets, actually average IMO.

    I tried to call them 6:48pm Melb time and that I went into a answering service. That is means they're at a man or one individual show. To not have an employee to take a call at that time reveals their dimensions.

    Corp rep means that they do not have a permit, should Mark Power go then where will this leave you as a customer with live trades available? No rep no AFSL = legal right to do business in Australia.This makes me think where is the feed coming from? Is the MT4 a badge or theirs?

    That is Mark Power

    http://www.markpower.com.au

    that can be accountant /financial planer, what are they doing being a rep for a FX broker.

    My big question, as it is not listed in the PDS is where are the funds held? Got Money holds them or does Mark Power maintain them?

    This looks strange to me... not really well set up resembles a quick set up with all the short cuts taken to find the doors open....

    time will tell...

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