Currently Auto Trade Gold is working with Legomarket Brokers, which are STP (Straight Through Processing) brokers, namely brokers that throw client transactions into a larger market.
The STP brokerage model it makes no difference to the broker whether a trader wins or loses a trading position. The broker makes its money purely from commission charged on each trade, which reassures many traders of transparency and a lack of any potential conflict of interest.
STP brokers do not process clients’ orders through a Dealing Desk, which means that no middlemen are involved. The absence of a Dealing Desk is what actually makes the electronic trading platform Straight Through Processing. The absence of an intermediary gives the brokers the capacity to instantly process their clients’ orders and the passage of not having to send re-quotes to the clients. This is advantageous in the sense that it allows the customers to trade without limit.
STP brokers work with several liquidity providers, which has proved to be advantageous as this allows them to get better fills for the traders. Most of the liquidity providers used are banks.