stimpy wrote:Howdy, thought id try gomarketsaus. Deposited 1000 NZD which is roughly 500 GBP.
I paid the 25 NZD sending fee from a NZD bank account and ive been stung 82 NZD / 41 GBP somewhere in the middle by an intermediary/GO!
Ive recently moved over to NZ (4 months ago) from the UK and use NZforex for most transactions outside of my trading activities.
has anyone else been stung like this with GO? They have an account in Holland and one in Australia. Am i getting penalised because i used NZD ? they say funding cant be denominated in AUD from outside and i have questioned them on this before i deposited... "Unfortunately our NZD bank accounts are only located within Australia."
is this a little sideline to make money? or am i being too cynical because nzforex dont rape me anywhere near this... glad i didnt put in 20,000 NZD.
what are your experiences going via holland and depositing GBP?
Most likely this is as a result of your NZD being converted to AUD by the Aus bank at their ridiculous exchange rates. I'd assume the bank has pocketed the money, not Go.
I had similar issues when I transferred AUD to an AUD account based in NZ. My bank stuffed up and transferred it as NZD. It took six weeks of fighting, but eventually when I threatened to go to the banking Onbudsman, they refunded the difference between the exchange rate I would have got through the broker and the bank. (Mine was over $500 as a gift to the bank).