Forex Smart Trade Results Monday, Dec. 12, 2022 – $9,292

Forex Smart Trade Results Friday, Dec. 9, 2022 – ($1,541)
December 15, 2022
Forex Smart Trade Results Tuesday, Dec. 13, 2022 – $9,618
December 17, 2022

Forex Smart Trade Results Monday, Dec. 12, 2022 – $9,292


What is your broker’s Order Execution Policy?

What is your broker’s order execution policy?

Forex brokers should provide clear disclosure to customers about how their orders are executed.

It should be able to provide a document called “Order Execution Policy“.

This document summarizes how their trading platform executes your orders to get the best possible result for you.

Is there an explicit order execution policy?

This will allow you to know how your orders will be handled.

Knowing this should be seen as a prerequisite before further evaluating a broker.

You should look for:

  • The process is followed by selecting the price sources used by the company.
  • What is the process for selecting the hedging counterparty (“LPs”) for their customer’s trades?
  • The process for selecting and monitoring the technology used for executing customer orders.
  • How the company manages any potential and actual conflicts of interest arising when executing customer orders.

Once you’ve read and understood their policy, there’s more homework to be done!


Here are some questions to ask your broker to help you evaluate the quality of their order execution:

  • What is the percentage of trades that are successfully executed?
  • How committed is the broker to order execution quality and transparency?
  • What percentage of orders are executed with slippage?
  • How automated is their order execution process?
  • What is the average spread per currency pair?
  • How fast are trades executed?
  • What is the average execution speed?
  • Are orders executed with positive slippage?
  • What is the percentage of orders that are executed with negative slippage?


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