FXGO volumes surge despite fee switch-on
Dealers split on whether levy is behind volume increases across SDPs
Bloomberg has reported significant volume growth on its dealer-to-client foreign exchange trading platform, FXGO, in 2025 despite the introduction of a controversial new brokerage fee scheme that liquidity providers warned would see clients migrate to cheaper alternatives.
In April last year, Bloomberg began charging a new base fee rate before incentives and discounts of $2.75 per million for spot FX trades, $2.90 for one-month non-deliverable forwards, and a maximum of $8.75 per million for
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