Best Brokers With Market Execution 2025
Explore our top brokers with market execution, offering faster entry at current market prices and minimizing slippage, crucial for enhancing trading efficiency.
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In our ECN-style testing with FOREX.com’s account, execution averaged 40ms with moderate slippage during fast market moves. Spreads on EUR/USD started at about 0.1 pips with a $6 commission per lot. Liquidity was deep but somewhat fragmented during off-hours. Best for experienced traders using limit-order based strategies.
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While using PlexyTrade's ECN account, we observed average execution speeds of 45–50ms with moderate slippage during high volatility. EUR/USD spreads were about 0.3 pips, with a $7 commission per lot. Liquidity was adequate for small trades but limited during peak volatility, making it better for swing traders.
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3Established in 2019, FXGT is an offshore broker offering CFD trading on over 185 instruments. Using MT4, MT5, and FXGT Trader (introduced in 2024), alongside five account types (Mini, Standard+, ECN Zero, PRO, and Optimus), FXGT serves a wide range of traders.
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4Established in 2005, FXOpen is a broker with multiple regulations, attracting over 1 million traders. It caters to active trading, offering access to over 700 markets and supports high-frequency trading, scalping, and algorithmic trading using expert advisors (EAs).
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5Pacific Union Prime is a regulated broker that deals in a broad range of assets including forex, commodities, stocks, bonds, and indices. It allows traders easy market access at competitive rates. This broker utilizes both MetaTrader 4 and 5 platforms and their exclusive mobile app. Costs depend on the account type. They offer a Standard account with no commission and spreads starting from 1.9 pips, and a Prime account with a $7 per lot commission and spreads starting from 0.4 pips.
Compare The Best Market Execution Brokers Across Core Features
We put the top market execution trading platforms to the test - see how they stack up across the most important performance metrics:
| Broker |  |
USD Account |
Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Copy Trading |
Regulator |
Instruments |
Platforms |
Account Currencies |
Automated Trading |
AI |
Guaranteed Stop Loss |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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✓ | ✓ | $100 | 0.01 Lots | 1:50 | ✗ | NFA, CFTC | Forex, Stock CFDs, Futures, Futures OptionsForex, CFDs, Stock CFDs, Indices, Commodities, Futures, Options, Crypto | WebTrader, Mobile, MT4, MT5, TradingView | USD, EUR, GBP, CAD, AUD, JPY, CHF, PLN | Expert Advisors (EAs) on MetaTrader | ✓ | ✗ | |
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✓ | ✓ | $50 | 0.01 | 1:2000 | ✗ | ✗ | CFDs, Forex, Indices, Stocks, Commodities, Crypto | MT4, MT5 | USD, EUR | Expert Advisors (EAs) on MetaTrader | ✗ | ✗ | |
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✓ | ✓ | $5 | 0.01 Lots | 1:5000 | ✗ | FSCA, FSA | CFDs, Forex, Stocks, Indices, Commodities, Crypto | FXGT Trader, FXGT App, MT4, MT5 | USD, EUR, JPY | Expert Advisors (EAs) on MetaTrader | ✗ | ✗ | |
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✓ | ✓ | $100 | 0.01 Lots | 1:30 (EU, UK), 1:1000 (Global) | ✓ | FCA, CySEC, FC | CFDs, Forex, Stocks, Indices, Commodities, Crypto, ETFs | TickTrader, MT4, MT5, TradingView | USD, EUR, GBP, AUD, JPY, CHF, SGD, RUB | Expert Advisors (EAs) on MetaTrader | ✗ | ✗ | |
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✓ | ✓ | $50 | 0.01 Lots | 1:500 | ✓ | ASIC (Australian Securities and Investments Commission), FSA (Financial Services Authority of Seychelles), FSCA (Financial Sector Conduct Authority), SVGFSA (Financial Services Authority St Vincent & The Grenadines) | Forex, Commodities, Cryptocurrencies, Stocks, Indices | MT4, MT5 | USD, EUR, GBP, CAD, AUD, NZD, JPY, HKD, SGD | ✗ | ✗ | ✗ | |
| Broker | |
USD Account |
Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Copy Trading |
Regulator |
Instruments |
Platforms |
Account Currencies |
Automated Trading |
AI |
Guaranteed Stop Loss |
How Trustworthy Are The Top Market Execution Brokers?
See how the best market execution-focused brokers protect your capital:
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
|---|---|---|---|---|
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✗ | ✓ | ✗ | |
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✗ | ✓ | ✓ | |
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✗ | ✓ | ✓ | |
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✗ | ✓ | ✓ | |
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✗ | ✗ | ✓ | |
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
Top Mobile Platforms For Market Execution
Need seamless trade execution on the move? We tested leading mobile apps built for accurate market order handling:
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
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iOS & Android | ✗ | ||
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iOS & Android | ✗ | ||
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iOS & Android | ✗ | ||
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iOS & Android | ✗ | ||
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iOS & Android | ✗ | ||
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
Are The Top Market Execution Brokers Beginner-Friendly?
Compare how suitable the Best Brokers With Market Execution 2025 are for beginners.
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
|---|---|---|---|---|---|---|---|
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✓ | $100 | 0.01 Lots | ✗ | ✗ | ||
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✓ | $50 | 0.01 | ✗ | ✗ | ||
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✓ | $5 | 0.01 Lots | ✗ | ✗ | ||
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✓ | $100 | 0.01 Lots | ✗ | ✓ | ||
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✓ | $50 | 0.01 Lots | ✗ | ✗ | ||
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
Do The Top Market Execution Brokers Meet Advanced-Level Trader Demands?
Experienced trader? Evaluate how each broker caters to advanced users with market execution and customizable tools:
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
|---|---|---|---|---|---|---|---|---|
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Expert Advisors (EAs) on MetaTrader | ✓ | ✓ | ✓ | ✗ | 1:50 | ✓ | ✗ |
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Expert Advisors (EAs) on MetaTrader | ✓ | ✗ | ✗ | ✗ | 1:2000 | ✓ | ✗ |
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Expert Advisors (EAs) on MetaTrader | ✓ | ✗ | ✗ | ✗ | 1:5000 | ✗ | ✗ |
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Expert Advisors (EAs) on MetaTrader | ✓ | ✓ | ✗ | ✗ | 1:30 (EU, UK), 1:1000 (Global) | ✓ | ✗ |
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✗ | ✗ | ✗ | ✗ | ✗ | 1:500 | ✗ | ✗ |
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
Accounts Comparison
Compare the trading accounts offered by Best Brokers With Market Execution 2025.
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
|---|---|---|---|---|---|---|---|---|---|
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✓ | ✗ | ✓ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
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✓ | ✗ | ✓ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
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✓ | ✗ | ✓ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
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✓ | ✗ | ✓ | ✗ | ✗ | ✓ | ✗ | ✗ | ✗ |
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✓ | ✗ | ✓ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
Full Ratings: Best Brokers For Market Execution
Dive into our expert ratings of the top brokers delivering market execution:
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Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
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| Broker | Trust |
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Mobile |
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Research |
Education |
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Market Execution Brokers Compared On Fees
We broke down spreads and other fees to identify the best value market execution trading platforms:
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
|---|---|---|---|---|---|---|
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✗ | $15 | 0.14 | 1.2 | BTC 1.4%, ETH 2% | |
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✗ | ✗ | 5 | 0.7 | 1.1 | |
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✗ | $0 | 31.9 (Apple Inc) | 2.2 | Variable | |
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✗ | $10 | 0.40 (Apple) | 0.2 | 9.0 (BTC) | |
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✗ | ✗ | Variable | From 0.2 pips | From 0.7 pips | |
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
Which Market Execution Brokers Are Traders Using The Most?
Curious which platforms are winning over serious traders? Discover the most in-demand brokers known for market execution:
Why Trade With FOREX.com?
FOREX.com is a top-tier brokerage suitable for forex traders of all skill levels. It offers more than 80 currency pairs, has small spreads starting from 0.0 pips, and features low fees. The platform provides powerful charting tools that include over 100 technical indicators and multiple research aids.
Pros
- Numerous educational materials such as tutorials, webinars, and a comprehensive YouTube channel are available to assist you in learning about the financial markets.
- FOREX.com has over 20 years of experience with strong regulatory oversight, and has received multiple awards, including second place in our 'Best Forex Broker' awards. As such, FOREX.com is globally reputed as a reliable trading brokerage.
- FOREX.com provides top-tier forex pricing beginning at 0.0 pips. They also offer competitive cashback rebates up to 15% for dedicated traders.
Cons
- FOREX.com has expanded their trading offerings, but these remain limited to forex and CFDs. Unfortunately, they don't provide options to invest in actual stocks, ETFs, or cryptocurrencies.
- US clients do not have negative balance protection, so you can potentially owe more than your original account deposit.
- The funding options are not as extensive as those of top competitors such as IC Markets and lack several widely-used e-wallets, particularly UnionPay and POLi.
Why Trade With Plexytrade?
Plexytrade is a new trading platform offering attractive features such as a 1:2000 leverage, zero spreads on certain instruments, and quick execution speeds of less than 46 milliseconds. However, the company is not regulated which is a substantial issue, and the lack of research and educational tools puts it behind other leading platforms.
Pros
- Plexytrade supports various trading tactics such as quick buying and selling, risk management, and computer-based trading.
- Plexytrade is a unique offshore broker that accepts US residents as clients. This makes it one of the few offshore brokers that serve US-based traders.
- Plexytrade provides up to 1:2000 leverage, one of the highest rates available. It's designed for experienced traders who opt to bypass regulatory safeguards.
Cons
- Plexytrade only accepts deposits and withdrawals through cryptocurrencies. It does not support bank cards, wire transfers, or e-wallets.
- The platform doesn't offer social or copy trading options. This means that novice traders cannot mirror the actions of more accomplished traders, unlike on platforms such as eToro.
- Plexytrade, offering about 100 instruments, limits the options for traders interested in a variety of assets. This is particularly noticeable when compared to Blackbull, which has 26,000 securities.
Why Trade With FXGT?
FXGT, with its Optimus account, targets traders by offering high leverage of up to 1:5000. This allows for the potential of increased profits and losses, but with less regulatory protection.
Pros
- Five account types are available for different trading needs, including accounts for beginners and advanced traders. The Optimus account, originally for traders, now offers the highest leverage up to 1:5000, which can increase both profit and loss.
- FXGT excels by offering access to over 30 popular cryptocurrencies, like Bitcoin and Ethereum. This benefits traders looking to diversify into digital assets, providing an extra market beyond traditional forex and stocks.
- FXGT offers several platforms like MT4, MT5, and its own FXGT Trader, introduced in 2024, to accommodate different trading styles, including MetaTrader's automated trading with Expert Advisors (EAs).
Cons
- FXGT provides some research, including a market analysis section and economic calendar, but these are not as comprehensive as those from brokers like IG. Traders seeking detailed analysis, in-depth reports, or third-party research will find FXGT's resources lacking.
- FXGT is regulated by regional authorities like the Seychelles FSA and South Africa's FSCA, but it lacks licenses from top regulators such as the UK's FCA or Australia's ASIC. Therefore, traders might not receive the same level of investor protections, strict oversight, or dispute resolution mechanisms.
- FXGT offers about 185 assets, which is limited compared to leading brokers like Saxo with 72,000+ instruments. FXGT lacks access to many international stocks.
Why Trade With FXOpen?
FXOpen is perfect for high-volume traders, providing quick execution with its ECN trading system, spreads starting from 0 pips, and reduced commissions as low as $1.50 per lot.
Pros
- FXOpen cut FX spreads by over 40% in 2022 and launched commission-free index trading in 2023, making it cost-effective for traders.
- FXOpen launched TradingView in 2022 and improved its TickTrader platform in 2024. It provides Level 2 pricing, over 1,200 trading tools, and advanced order types, serving experienced and high-frequency traders.
- FXOpen simplified its account offerings in 2024, offering user-friendly ECN accounts with raw spreads from 0.0 pips, fast execution speeds, and reduced commissions for high-volume traders.
Cons
- FXOpen remains a trusted broker authorized by the FCA and CySEC but lost its ASIC license in 2024 due to 'serious concerns.' It no longer accepts Australian traders.
- FXOpen has expanded its asset range, but it still offers fewer global stocks, commodities, and cryptocurrencies than BlackBull, limiting diverse trading opportunities.
- FXOpen offers limited educational resources, missing the courses and webinars available at brokers like IG, which diminishes its attractiveness to beginners looking to learn.
Why Trade With PU Prime?
PU Prime is ideal for traders who want to trade with high leverage and low costs in a direct-market trading setup.
Pros
- Swap-free Islamic account
- The PU Social app enables copy trading functions.
- Practice trading account with pretend money
Cons
- Standard account trading spreads are average.
- Withdrawals under $100 have a relatively high $40 minimum withdrawal and handling fee.
- There is no top-level regulatory supervision for trading.
Filters
How We Chose The Best Market Execution Brokers
To create our rankings, we leveraged our extensive broker database to identify platforms that consistently deliver true market execution.
Each broker was evaluated using our proprietary scoring model, covering more than 200 data points across eight key categories – from execution and order types to platform reliability.
We didn’t stop at features on paper – we performed hands-on testing to gauge how each platform actually handles real-time order execution.
What To Look For When Choosing A Broker With Market Execution
Market execution is a dealing model where the brokerage will seek the best available price at the moment the trade is placed. While it sounds simple, there are a variety of factors traders need to consider when assessing which broker offers the best service.
These are the critical things to think about when selecting the best broker for market execution:
Execution Speed
Brokers with rapid execution speeds stand a better chance of completing the transaction at the price the trader was quoted. This is especially important in volatile financial markets (like forex and cryptocurrencies), where bid (buy) and offer (sell) prices can rapidly evolve.
Rapid execution is particularly critical for trading strategies centered around small profit margins (like scalping). Even a couple of milliseconds can make the difference between a trader making a gain or enduring a loss.
Top broker for execution speed: FOREX.com boasts ultra-low average execution speeds of three milliseconds (0.003 seconds), from our research. What’s more, over 99% of all trade instructions it receives are completed in less than one second.
Traders can deal using FOREX.com’s fast proprietary trading platform, or they can plug in popular third-party software like MetaTrader 4 and MetaTrader 5. They can also do business using the broker’s dedicated smartphone trading app.
FOREX.com offers extremely swift trade execution
Slippage
Because market execution brokers seek the best price rather than a guaranteed one, a trader might not buy or sell an asset at the level they were expecting. This is known as slippage, and it can have a significant impact upon a trader’s profitability.
Slippage is caused by a time lag between when an investor places the order and the broker executes it. There are two types: positive slippage, where the trader gets a better bid or ask price than they were expecting, and negative slippage, where asset values are worse than hoped for.
Pro tip: Predictability is key, so choose a broker that minimizes the chances of slippage. In our experience, reputable companies often publish slippage statistics on their websites. But don’t take these numbers at face value: run your own trades at different times of the day to check that their claims stack up.
Top broker for slippage: FxPro offers rapid trade execution on all account types. Most orders are completed in less than 11 milliseconds (0.011 seconds), according to our investigations. And more than 84% of instructions are executed at the requested price or better.
Latency And Data Center Proximity
The price that a trader pays for a security or sells it for is also dependent upon latency.
This is the length of time it takes for an order to be pinged from my computer to the broker’s servers, and then onto the exchange. Lower latency often means I’m likely to get the price I was quoted when I placed my instruction.
The degree of latency can vary substantially depending on where the broker’s servers and the exchange is located relative to the trader.
In a study, ForexVPS.net set up two separate virtual private servers (VPS) in London and New York, and connected them to a broker in the UK capital. It reported average latency of below one millisecond for trades via the London VPS, and 75 milliseconds for ones placed through the New York server.
Top broker for latency and data center proximity: Naturally, the best company for latency will depend to a huge degree on where the trader’s location.
However, IC Markets is a good choice for individuals looking to deal on US and UK markets. Its trade servers are located in the Equinix NY4 and LD5 IBX data centers in New York and London respectively.
The broker describes these data centers as “the most reliable data centers on earth” and “home to 60+ exchanges and trading platforms, 400+ buy and sell side firms, 150+ financial service providers [and] 675+ network bandwidth options.”
Order Rejection Rate
The market execution model doesn’t always provide the smooth trading experience it’s designed for. Sometimes, an investor’s trading instruction will be rejected out of hand.
This is often due to technical factors, like connectivity problems between broker and the exchange, or issues with the brokerage’s trading platform. Liquidity issues and market volatility can also prevent orders from going through.
In certain jurisdictions, intermediary must inform investors of such events, although this of course doesn’t mitigate the impact of lost trading opportunities. As with execution speeds, reputable brokers will typically publish details of their order completion (or rejection) rates on their websites for traders to consider.
Top broker for order rejection rate: IG’s sophisticated trading systems mean that close to 100% (around 99%) of the orders it receives are filled.
IG has one of the lowest order rejection rates out there
Costs
Employing a market execution broker typically means a trader has the benefit of tighter bid and ask spreads. The drawback is that to compensate for this, the intermediaries will usually charge a fee whenever a transaction is placed.
It’s therefore important to consider the quantity of trades you expect to make, and to calculate the likely benefit of tighter spreads versus the impact of transaction charges.
Pro tip: It’s also important to consider other trading costs like fund deposit fees, inactivity charges, currency conversion costs, and account management fees.
Brokers will typically publish minimum spreads and average spreads based on market conditions on their websites. In some jurisdictions, they are also required to provide a list of certain charges, including transaction fees.
Top broker for costs: Vantage is one of the most cost-effective market execution brokers to use across a variety of metrics.
Transaction charges are amongst the lowest around, and trades involving US shares involve a $0 commission fee. Bid-offer spreads are also modest and begin at 0.0 pips. Finally, Vantage charges zero for account inactivity, and requires just a low minimum deposit of $50 for traders to get started.
FAQ
What Is Market Execution?
Market execution involves a broker either buying or selling a financial security at the current market price. It will seek to fill the order even if the bid and offer prices differ from the price shown on a trader’s screen.
Individuals will simply select the desired trade quantity and click ‘buy’ or ‘sell.’ The broker will then place the order without requiring trader confirmation.
What Types Of Brokerages Use The Market Execution Model?
Many intermediaries conduct trades through market execution, and especially Electronic Communications Network (ECN) and Straight Through Processing (STP) brokers.
These operators transmit orders to multiple liquidity providers, ensuring that prices match real-world market supply and demand.
What Are The Alternatives To Market Execution?
One common model is instant execution. This involves the broker executing the deal at the specific price a trader has requested, or issuing a requote for the trader to consider if said price is unavailable.
Another method is pending orders, where instructions are passed for traders to buy or sell an asset at a future price.
What Are The Advantages Of Using Brokers With Market Execution?
- No Delays: The trade will go through irrespective of whether the investor’s desired market price is available.
- Narrow Spreads: Prices are not fixed, meaning brokers can offer better bid-offer spreads to bolster traders’ profitability.
- Better-Than-Expected prices: Thanks to slippage – where markets move during the time it takes for an order to be processed – the price a trader buys or sells a security for can be better than the one they were quoted when placing the trade.
- Transparency: A market execution broker simply passes trade instructions through without interference, meaning an investor enjoys the true spread from liquidity providers.
What Are The Disadvantages Of Using Brokers With Market Execution?
- Trading Commissions: Market execution brokers typically charge whenever a trade is place, offsetting the impact of tighter spreads on their profits.
- Worse-Than-Expected Prices: Slippage is a double-edged sword, meaning a trader may receive a less-favorable price than the one they were quoted rather than a better one.
- Risk Management Restrictions: Brokers typically prevent traders placing stop loss and take profit instructions when opening a position.
Article Sources
The Hidden Cost of Latency in Trading — A Case Study – ForexVPS.net