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.
In case of Dealing Desk, it often know the position and style of a personal trader and take the opposite position.
In some cases, Dealing Desk creates a deliberate delay in processing.
In case of financial issues, Dealing Desk may not handle transaction due to the Lot size or style.