Hello Chris,
Having read Go Markets' reviews on forexpeacearmy there seems to be a lot of negative comments about Go's spread increasing at news times.
I understand that Go Markets follows the STP model on 100% of trades placed by its clients, and that its revenue comes from the markup on the bid/ask spread it relays to it's clients from its liquidity providers. Is this a fixed mark up, or does Go Markets vary the mark up? I am fully aware that interbank bids and offers will separate considerably at news times as liquidity providers withdraw their bids and offers, and that Go Markets is reliant on the quotes it is supplied with from its liquidity providers, and as such it is unavoidable that your spreads will increase at news times. However, it seems that your spreads increase excessively, and considerably more than other ecn/stp type brokers. This could simply be due to Go Markets having poorer liquidity providers than its competitors, or that Go's particular liquidity providers tend not to provide liquidity at news times, or that Go increases the mark up on its incoming quotes at news times.
Could you please point me to where Go Market's policy on quote markup is outlined/detailed in your legal documents?
Many Thanks
Rooi
Having read Go Markets' reviews on forexpeacearmy there seems to be a lot of negative comments about Go's spread increasing at news times.
I understand that Go Markets follows the STP model on 100% of trades placed by its clients, and that its revenue comes from the markup on the bid/ask spread it relays to it's clients from its liquidity providers. Is this a fixed mark up, or does Go Markets vary the mark up? I am fully aware that interbank bids and offers will separate considerably at news times as liquidity providers withdraw their bids and offers, and that Go Markets is reliant on the quotes it is supplied with from its liquidity providers, and as such it is unavoidable that your spreads will increase at news times. However, it seems that your spreads increase excessively, and considerably more than other ecn/stp type brokers. This could simply be due to Go Markets having poorer liquidity providers than its competitors, or that Go's particular liquidity providers tend not to provide liquidity at news times, or that Go increases the mark up on its incoming quotes at news times.
Could you please point me to where Go Market's policy on quote markup is outlined/detailed in your legal documents?
Many Thanks
Rooi