How committed is the broker to order execution quality and transparency?
Brokers who are committed to fair pricing and quality order execution prove it by being transparent and publicly disclosing execution statistics.
These brokers regularly publish execution data reports.
These reports should include stats like average execution speed, average spreads, percentage of trades executed at the requested prices (no slippage), and percentage of trades executed with both positive and negative slippage.
They usually publish these reports on the broker’s website. If you can’t find it, contact the broker and request it.
Aside from order execution reports, how transparent are they about their order execution process? Do they disclose the following:
If they can’t provide one or mention that such data or information isn’t made public, then you might want to move on and choose a broker that is more supportive of transparency and fairness in the retail forex industry.
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