Got Money FX
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Thread: Got Money FX

  1. #1
    Money FX. Based in Australia, they accept hedging US taxpayers,400:1 leverqage and spreads. I do not know the title of the ruler although they say they're Austrailian controlled. They state they're a corporate licensed representative of Mark Power Financial Party Ltd.. There's been a little talk of this broker on this particular forum but not much. Does anybody know whether they can be reliable or are they a fly by night? How do I go about deciding whether they're legit or not? Here's their web site-http://www.gmfx.com.au/ thank you

  2. #2
    Thanks Apocalypto, your broker information is invaluable, lots of sc out there, not certain if this is just one, I'm newer to Forex and appreciate the red flags.

  3. #3
    1
    Guest
    Quote Originally Posted by ;
    Thanks Apocalypto, your broker information is invaluable, lots of sc out there, not certain if that is one, I'm newer to Forex and appreciate the red flags.
    Your welcome partner,

    that I really like to check at new brokers, and in Oz is even better. Great to look at the arrangement and all of the small things on the biz and how they set up, constantly open a demo, read the PDS and call to check em out.

    Great trading to you.

  4. #4

  5. #5
    There doesn't seem to be much competition for Go Markets will there.

  6. #6
    1
    Guest
    well there you go.... good find Duxis

  7. #7
    Quote Originally Posted by ;
    the name of this regulator is ASIC http://www.asic.gov.au/asic/asic.nsf

    I downloaded their demo .

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

    I tried to call them at 6:48pm Melb time and I moved to a answering service. That's means they're at a man or one man show. To not have a worker to have a call at the time reveals their size.

    Corp rep means they do not possess a permit, if Mark Power go then where will that leave you as a client...
    Apol.
    Thank you for the information. I am not getting a fantastic vibe from them either. Whenever I click on their chat button, no matter what time it is,night or day, they're offline. Also, they emailed me saying they accepted IRA retirement accounts Go Markets (another Australian broker ) explained by law they were not allowed to accept these accounts. They show some quite low spreads on their website but they're variable.

  8. #8
    Quote Originally Posted by ;
    well there you go.... Great find Duxis
    Forex Expained? The company? No thanks!

  9. #9
    Nobody has some experiences with this particular broker? I simply emailed them and their still accepting u.s. clients.

    Heres a copy of my email

    Hello Erik,

    Yes, we now accept all US customers before, during, after October 18th 2010, we aren't affected by the new CFTC regulations.

    You're welcome to start an account with us some time and enjoy our straight through processing with hedging as well as 400:1 leverage and with no requotes.

    Please allow me to know if I could help further.

    Due Erik

    Kind regards,

    Samuel Orth
    Foreign Exchange Broker
    Got Money FX
    * Level 18, 333 Ann Street Brisbane QLD 4000
    ' 61 1300 492 662 | 7 61 7 3807 8070
    8
    4 http://www.gotmoneyfx.com.au/

  10. #10
    If their spreads on demo are any manifestation of live they seem pretty well on par with everyone else .

    I'm going to make a small deposit tommorow and see where this goes, can keep everyone updated.

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