Given the backend of the MT4 platform on the dealer side, it is possible for a dealing desk broker to display different prices to different clients.
Given the fact that Go are publishing tick data regularly on their website I don't think they would change spreads as it would be to easy to catch them out.
Loving the new data centres though, reliability has certainly improved.
Shame my trading hasnt
Loving the new data centres though, reliability has certainly improved.
Shame my trading hasnt
- #524
- May 30, 2010 7:08pm May 30, 2010 7:08pm
Hi Peter,
It is possible for brokers do offer different spreads to different clients, however in practice it is not something we do (unless an IB has increased spreads for its traders).
If spreads increased after a number of trades, then it is just coincidence, as there would be no changes to spreads from our end.
Hope that clears it up!
Chris
Could I put it this way? Correct me if I’m wrong.
Can brokers send out different spreads/feeds for different traders? Short answer…YES.
Now Chris, I know you’re in business to make a profit, so am I. And I am in no way upset with your service. On the contrary, I am very happy with your service via email, phone and also the feed. Because during these scalps, your server didn’t miss a beat…each scalp was instant. And I’m in Tasmania, 50km from the nearest city.
I think new traders and maybe traders that have been trading for a while, need to know that the size of their account and the way they trade can influence their feed.
I’m quite sure Chris, if I gave you a call and said I have $1 million dollars to put into my account, but I want better spread…we could come to a deal, because $1 million is better in your bank than mine. I presume you get, at least, the interest from the money in the GoMarkets account.
Now let’s take a look at my trading Friday morning and the trading of my friend down the street.
My friend down the street was going to be busy so at 8am he looked at the H4 chart and saw a good setup for a short, and took it knowing he would be back before 12.
I on the other hand, had nothing to do and thought I would have fun scalping mini lots on the M15 or the M5, which I don’t do very often. Then I thought why not test “Trailing Stop” with scalping, I haven’t done that before…that will be fun!
Now I know Chris that our feed goes through your system to your Hedging Partner. They hedge the trade using Currenex and send it through to the 70 banks in your "interbank market"
So, my friend set one trade and left for the morning. Your Hedging Partner processed the trade, leaned back, put his feet up on the desk and waited ‘til 12 when my friend closed his trade for the same profit that I got from my numerable scalps.
I on the other hand sat there and traded scalp after scalp. Your Hedging Partner processed scalp after scalp. After a while he said to his boss…”God! This guy’s wearing me out, what can we do?” His boss said let’s double his Spread, that may slow him down and give us extra profit to cover the extra work we’re doing.
Now, as I said before Chris, if I’m wrong, let us know. Or add any comment you want to.
God! I should make this into a book.
[quote=GoMarkets;3759939]Yes, you are correct, yesterday we added two additional data centres. One in Melbourne, and one in Sydney. There will also be a perth DC go live as early as today.
Hi Chris,
Could you please list which numbered server is in which city, that way we could all log onto our closest server, better for everyone
Hi Chris,
Could you please list which numbered server is in which city, that way we could all log onto our closest server, better for everyone
Money grows on the tree of persistence
