Keeping in line with its commitment to transparency, major brokerage FxPro announced trades execution statistics for the third quarter of 2016 on Thursday. According to the data provided, orders executed with positive slippage for this period amounted to 36.23%. Although the figure represents a decrease both over the quarter (by 26.8%) and compared to the same period a year earlier (by 16.5%), positive slippage in FxPro’s execution continued to dominate in Q3 of 2016.
| Period | Slippage | Re-Quotes | |||||
| Positive | Negative | At Quote | Total | Positive | Negative | ||
| Q3 2016 | 36.23% | 27.81% | 35.96% | 4.3% | 1.9% | 2.8% | |
| Q2 2016 | 49.5% | 20.4% | 30.2% | 4.2% | 1.9% | 2.3% | |
| Q1 2016 | 46.9% | 21.3% | 31.8% | 5.0% | 2.2% | 2.8% | |
| Q3 2015 | 43.4% | 17.0% | 39.6% | 4.5% | 2.8% | 1.7% |
Furthermore, during the July-September period FxPro’s orders executed with requotes slightly increased to 4.3% in Q3 2016, compared to the previous quarter. Positive requotes remained flattish QoQ, amounting to 1.9%, while negative ones increased to 2.8 percent.
Slippage is the difference between the price at which an order is placed, and the one at which it is filled. The higher the positive slippage, the better the pricing. It often occurs during highly volatile markets and brokers are not always able to execute an order promptly at the asked price. In this case, an order is either executed at the next best price (slippage), or rejected and returned to the trader for confirmation of the new price (requote).
In order to provide its clients with valuable information on its services FxPro has been publishing execution statistics for more than a year now. The brokerage is regulated by Cyprus’ Securities and Exchange Commission (CySEC) and UK’s Financial Conduct Authority (FCA). It offers complete services for all segments of the retail forex market, as well as trading in futures, indices, metals, shares, and CFDs on three trading platforms. The three trading platforms, supported by this broker – MetaTrader 4, MetaTrader 5 and cTrader - are regularly updated and enhanced. Earlier this month FxPro announced it ads partial stop-out policy on cTrader forex platform.
| Broker | Country | Regulation | Platform | Min Deposit | Review |
|
US | CFTC, NFA | MT4, Web, in-house |
$50 | Review Website |
|
US | NFA, CFTC | MT4 | $250 | Review Website |
|
Cyprus, UK, Mauritius | CySec, FCA, FSC | MT4, MT5, Web | $10 | Review Website |
|
Australia, Cyprus | ASIC, CySEC | MT4, MT5, IRESSTrader |
$100 | Review Website |
|
Cyprus, Australia | CySec, ASIC | MT4, MT5 | $5 | Review Website |
|
UK, Australia, South Africa | FCA, ASIC, FSCA | MT4, Trading Station, NinjaTrader |
$50 | Review Website |
|
UK, Cyprus, UAE, South Africa | FCA, CySEC, DFSA, FSB | MT4, MT5, FxPro Markets, cTrader |
$100 | Review Website |
|
Cyprus | CySEC | MT4, MT5, Web | $1 | Review Website |
|
Belize | IFSC | MT4, MT5 | $100 | Review Website |
|
Cyprus, UK, South Africa, UAE | CySec, FCA, FSCA, DFSA | MT4, MT5, Web | $5 | Review Website |
|
Cyprus, UK | CySEC, FCA | MT4, MT5 | $1 | Review Website |
|
UK | FCA | MT5 | $5 | Review Website |
|
UK | FCA | MT4, Web, MT4 for Mac |
$100 | Review Website |
|
Australia, UK | ASIC, FCA | MT4, MT5, cTrader |
$200 | Review Website |
|
UK, Cyprus, Dubai | FCA, CySEC, DFSA | MT4, MT5, Web, PrimeTrader |
$100 | Review Website |
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