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Execution Speeds

If price is the most important factor in financial markets, then speed is a close second. Our fast execution speeds mean you get the price you see and want. Our transparency means you can hold us to account.

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What is slippage and why does it occur?

Slippage generally occurs for three reasons:

  • Latency - a delay between an order being received and its execution, or
  • Liquidity - a lack of liquidity/market depth resulting in VWAP (volume weighted average price) slippage; or
  • Liquidity - high rejection rates from liquidity providers causing an order to sweep the order book.

Slippage is the difference between your ‘requested price and the executed price’ or the ‘market price vs your executed price’.

Fast execution speeds from <1ms

We select the technology providers that give us the lowest latency for reduced slippage on your trades. Flexiblefxtrade hosts all trading infrastructure within Equinix NY4 data centre, and utilises cross connects to all trading counterparties for the lowest possible latency.

3 Crypto Brokers & 26+ Liquidity Providers

Our three prime broker relationships gives us access to the world's largest and best tier-1 bank, non-bank and ECN liquidity providers across all markets.

Direct liquidity provider relationships allow us to specify the best trading counterparty for your trades based on their price, depth, response time and rejection rates.

By maintaining fill ratios with our LPs of greater than 90% and using ‘no last look’ when supported, we’re able to improve execution and reduce slippage for your trades.

No artificial B-book slippage

You will be presented with all records for your order: which liquidity provider executed it, the latency for every hop and leg of the trade, the slippage, spread, market depth and more.

We are one of the few brokers globally who can verify that we are ECN | STP | NDD and are transparent about how we execute your orders.

Slippage by Market Groups

Market

Size

Positive

At Price

Negative

Crypto Majors 0-100k 38% 50% 12%
Crypto Majors 100-500k 21% 53% 26%
Crypto Minors 0-100k 43% 45% 12%
Crypto Minors 100-500k 31% 37% 32%
Crypto Exotics 0-100k 24% 54% 21%
Crypto Exotics 100-500k 32% 31% 37%
Metals 0-100 19% 58% 23%
Energies 0-100 15% 68% 17%
Indices 0-100 19% 64% 16%

Your questions, answered.

What does ECN mean? Right Arrow

Electronic Communications Networks or ‘ECNs’ are off-exchange execution venues which allow market participants to trade with a range of counterparties anonymously. They are the main trading venues for OTC markets such as Foreign Exchange and Metals.

This basically means ECNs provide the technology and venue for price makers aka ‘liquidity providers’ to distribute their liquidity. Price takers (traders) can see these prices and execute trades against them. The ECN is therefore responsible for prices/quotes and the execution of orders.

See our ECN page for a detailed overview of the Flexiblefxtrade ECN offering.

How is slippage calculated? Right Arrow

Slippage is calculated as the difference between the price that was quoted and where the order was filled. You are able to see if there was any slippage on your trades by querying trade receipt from within the client portal.

What causes slippage? Right Arrow

Slippage is primarily caused by a market movement in between the time it takes for the order to be executed and the order reaching the liquidity provider.

Why is the execution time usually higher when I have slippage? Right Arrow

This is a function of the time it takes for the order to reach the liquidity provider and the time that it takes to fill the order.

When is the worst time for slippage? Right Arrow

Market open and roll over are times that slippage may occur as there is generally limited liquidity available in the market.

How can the news affect slippage? Right Arrow

News events can result in significant market movements and increased volatility that can increase the risk of slippage.

What is a VWAP price? Right Arrow

The Volume Weighted Average Price (VWAP) is the average price of an order that is filled at multiple tiers of liquidity. Larger order sizes can be subject to fills at multiple tiers of liquidity.

Can my order be VWAP’d? Right Arrow

Depending on the market conditions and the quotes coming into the system from our LP’s, large orders can be VWAP’d if there is not enough tier one liquidity available to fill the entire trade. Depth of market can be seen on TraderEvolution and offers real time insight into the available liquidity.

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Spread From 0.4 Pips 0.0 Pips
Commission $0 $7 per round turn lot
Starting Deposit $200 $200
Platforms MT4, TraderEvolution, TradingView MT4, TraderEvolution, TradingView
Server Location New York New York
Execution speeds from 1ms 1ms
Micro lot trading(0.01)
100+ Markets 100+ Markets FX, Indices, Commodities, Digital Currencies, Shares, Bonds 100+ Markets FX, Indices, Commodities, Digital Currencies, Shares, Bonds
One Click Trading
Trading Styles Allowed All All
Order Distance Restriction None None
Suitable For All Traders All Traders

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Range of Markets

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Spreads From

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