Slippage generally occurs for three reasons:
Slippage is the difference between your ‘requested price and the executed price’ or the ‘market price vs your executed price’.
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.
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.
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.
Market | Size | Positive | At Price | Negative |
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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% |
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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.
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.
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.
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.
Market open and roll over are times that slippage may occur as there is generally limited liquidity available in the market.
News events can result in significant market movements and increased volatility that can increase the risk of slippage.
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.
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 |
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100+ Markets | 100+ Markets FX, Indices, Commodities, Digital Currencies, Shares, Bonds | 100+ Markets FX, Indices, Commodities, Digital Currencies, Shares, Bonds |
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