How fast are trades typically executed?
We also know this as execution speed.
We define execution speed as the amount of time between when the broker receives your order and execution.
The faster the speed, the more volume of trading that can occur.
The faster the speed, the more chances for a broker’s customers to be able to buy or sell at the price that they have requested.
Ask the broker what their average execution speed is. Ideally, it should be 0.1 second (or 100 milliseconds) or less.
Also, ask what percentage of trades are executed in less than 1 second.
If orders are taking more than 1 second to execute, you’re most likely going to experience slippage because prices have changed before your order completes.
Prices in the forex market can move in milliseconds, so if the broker’s execution speed is too slow, the price you clicked on to trade on may have changed by the time the broker can execute the order.
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