STP(Straight Through Process)

FX WEGO provides users with the best price
competitiveness and STP account for transparency.

FX WEGO provides two types of account, STP Classic and STP PAW, and both accounts follow the STP(Straight Through Processing) model. The system of STP means when customer’s order is placed in FDM via Non Dealing Desk, it is transmitted to the bank by LP or DMA. This is direct connection without going through the Dealing Desk in the middle, which means it provides transparent asking price to the users and is also used with STP-STP.

Unlike STP, STP’s spread includes FX WEGO’s commission.

FX WEGO provides Real STP trading environment

  • Spread: from 0. pip
  • Hedge Trading : YES
  • Spot Gold Spread : from pip
  • Commission : 0. pip/Lot
  • Leverage : provide 1:200
  • Commission : 0. pip/Lot
  • Minimum Deposit : US $200

FX WEGO STP vs Dealing Desk Environment

Feature STP Dealing desk Explanation
INTER BANK
MARKET
Connect directly Unconnected
(Create self-market)

In case of Dealing Desk, it often know the position and style of a personal trader and take the opposite position.

Latency issue No Yes

In some cases, Dealing Desk creates a deliberate delay in processing.

Financial issue
trading
No Yes

In case of financial issues, Dealing Desk may not handle transaction due to the Lot size or style.

Spread Changeable or
Fixed
Fixed

Applying for an STP account