How automated is the order execution process?

How automated is the order execution process?

There are shady brokers out there that manipulate order execution conditions in their favor.

Can your broker explain to you their process for executing orders?

Is the entire process automated?

If not, can they specify scenarios when manual intervention is involved?

What is the average spread per currency pair?

On its trading platform, the broker quotes two prices:

1. The higher price (“ask”), at which you (the customer) can BUY (“go long”).
2. The lower price (“bid”), at which you (the customer) can SELL (“go short”).

We collectively referred both prices to as the broker’s prices.

The difference between the bid and ask price is the spread.

What is the average spread per currency pair made available to the broker’s customers?

Can we break data on spreads down by hours? For example:

• What is the average spread per currency pair during ALL trading hours?
• Does the average spread per currency pair during PEAK trading hours?
• What is the average spread per currency pair during NON-PEAK trading hours?

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