A trader also needs to know the *worst case* execution time, in seconds, for market orders. If 99% of the trades execute fine but that one all-important stop-loss order gets lagged for 10 seconds or more during volatility it can make a big difference to the P/L. The average and worst-case slippage of stop orders (excluding weekend or holliday gaps, but including news events) would be important to know as well, to be able to judge how risky and slippery a broker’s platform is. It would be useful to know this for order sizes of the minimum interbank lot size… Read more »

A trader also needs to know the *worst case* execution time, in seconds, for market orders. If 99% of the trades execute fine but that one all-important stop-loss order gets lagged for 10 seconds or more during volatility it can make a big difference to the P/L. The average and worst-case slippage of stop orders (excluding weekend or holliday gaps, but including news events) would be important to know as well, to be able to judge how risky and slippery a broker’s platform is. It would be useful to know this for order sizes of the minimum interbank lot size… Read more »

Price improvement from a broker which trades on a principle basis? Please tell me the audience is not so naive as to believe this means anything?
Speed of execution on a principle desk occurring quickly? You don’t say?

Apples to apples first then metrics. Principle vs. Agency is the concept that will clarify step 1.

All the rest comes from there, then again w/o order handling rules you cant have that either.

Post a bid, narrow the spread by 1/2 a pip, have a friend hit your new bid. If you cant do that then your at the wrong broker.

Simple

Price improvement from a broker which trades on a principle basis? Please tell me the audience is not so naive as to believe this means anything?
Speed of execution on a principle desk occurring quickly? You don’t say?

Apples to apples first then metrics. Principle vs. Agency is the concept that will clarify step 1.

All the rest comes from there, then again w/o order handling rules you cant have that either.

Post a bid, narrow the spread by 1/2 a pip, have a friend hit your new bid. If you cant do that then your at the wrong broker.

Simple

Hi Craig,

“Post a bid, narrow the spread by 1/2 a pip, have a friend hit your new bid. If you can’t do that then you’re at the wrong broker.”

Why do you say that? I don’t think it’s quite that simple.

Cheers,

Jim

Hi Craig,

“Post a bid, narrow the spread by 1/2 a pip, have a friend hit your new bid. If you can’t do that then you’re at the wrong broker.”

Why do you say that? I don’t think it’s quite that simple.

Cheers,

Jim

I agree with Trader here. If a broker really wants to demonstrate excellence, he needs to disclose his worst side as well. I recently had trouble placing a buy-stop order with LiteForex. My MT4 platform gave me the following message “Please wait for dealer’s answer. This might take a while.” (and I saved the screenshot, this is really what it said.). After 2-3 minutes of waiting the order cancelled out and I had to try 2 more times. After 3 attempts and approx 10 minutes my order finally went through. So this broker, and others no doubt, need to make… Read more »

I agree with Trader here. If a broker really wants to demonstrate excellence, he needs to disclose his worst side as well. I recently had trouble placing a buy-stop order with LiteForex. My MT4 platform gave me the following message “Please wait for dealer’s answer. This might take a while.” (and I saved the screenshot, this is really what it said.). After 2-3 minutes of waiting the order cancelled out and I had to try 2 more times. After 3 attempts and approx 10 minutes my order finally went through. So this broker, and others no doubt, need to make… Read more »

i ve been trading with forex.com 2.5 years tend too go in@market found them very fast ,i can place 3 orders moving stop towards price,within ten seconds never had order take more than 2 secs as i recall with very few missed quotes , if then orders were a lot slower,so stopped using if thens , as i like to go from 15 pips hard stop to 7 then 4 as fast as pos, ave spread 1.9 lowest 1.1 only when nothing happening 3/4, so far very little slippage few times against me somtimes my faver ,all in all ok

i ve been trading with forex.com 2.5 years tend too go in@market found them very fast ,i can place 3 orders moving stop towards price,within ten seconds never had order take more than 2 secs as i recall with very few missed quotes , if then orders were a lot slower,so stopped using if thens , as i like to go from 15 pips hard stop to 7 then 4 as fast as pos, ave spread 1.9 lowest 1.1 only when nothing happening 3/4, so far very little slippage few times against me somtimes my faver ,all in all ok