GoMarkets froze my account 2 days ago as I was making profits (monthly avg for 2013 = 4%) and now I cannot take my money out. Unbelievable...I will update you about the current situation but so far, it does not look good. Be careful which broker you are trading with, even if it is 'regulated'.

Froze my accounts too, _including the deposit_, after several months of profitable trading over completely bogus assertions of 'suspicious trading and in particular usage of internet and connectivity delays in order to take advantage of arbitrage'. It is a complete and utter lie. In otherwords, what likely happened is that they bet against me as a counterparty, lost, and don't want to pay up. Until up to a 90 day investigation concludes, my funds will be completely inaccessible. This is unacceptable, completely arbitrary, and I'm also fairly certain that it is, above all, illegal.

I have filed complaints with ASIC, and encourage anyone else who has been subjected to this almost surely criminal treatment to do the same.

hi, same thing of profit canceling happened with me in axitrader, vantagefx and thinkforex.
the common thing in all these 4 brokers that these r from so called australia.

now i will never use any australian forex broker. and i want to tell every trader that please avoid every australian broker
and tell and spread the message everywhere that that every australian broker is fraud and cheater.
they wasted my time and money.

i never used any arbitrage ea. i used simple ea which can make profit.
and after few months i got mail that they suspended my account and they will cancel all profit.
there r many broker so why u r still using these cheaters australian broker who can cancel ur all profit any time.

choose any broker but never choose any australian broker.
they will not only cancel ur profit but also dint give u withdraw of ur deposited fund for 90 days.

hi, same thing of profit canceling happened with me in axitrader, vantagefx and thinkforex.
the common thing in all these 4 brokers that these r from so called australia.

now i will never use any australian forex broker. and i want to tell every trader that please avoid every australian broker
and tell and spread the message everywhere that that every australian broker is fraud and cheater.
they wasted my time and money.

i never used any arbitrage ea. i used simple ea which can make profit.
and after few months i got mail that they suspended my account and they will cancel all profit.
there r many broker so why u r still using these cheaters australian broker who can cancel ur all profit any time.

choose any broker but never choose any australian broker.
they will not only cancel ur profit but also dint give u withdraw of ur deposited fund for 90 days.

Update: Go Markets simply took out all the money from my account today. Current capital is even negative...Go Market = THIEVES. I will fill in a formal complaint to ASIC which should take this scam to the next level...

Grind FX - I also just had money removed from my account - more than I actually started with! So I went from a 90% return over 6 months to a negative 16% return - they withdrew the lot in 1 day, with NO explanation as to the criteria of what makes a 'bad trade'. I am trying to raise an issue with ASIC -but haven't found the correct way to do so yet.
Guys - DONT use gomarkets. Its insane. VERY MAD.

Never ever deal with any Australian brokers. You'll be very regretful in the end. GO markets takes credit card fees / Paypal fees etc. upfront and Thinkforex vice versa. Even it took more than 5 days to get it deposited at GO markets live account via Paypal payment, as they keep saying no payment is valued. Think about it, Paypal is an instant payment, isn't it?

Australian FX Brokers are probably the the most tightly regulated in the world.

My experience is that the GoMarkets people are honest and I've never had any problems.

What type of trading are you doing to have problems like this, I think you are only telling half the story?

Do Australian regulators really protect customers from dodgy brokers??

https://www.forexfactory.com/showthread.php?p=6561141#post6561141

Lets watch this issue closely!