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 that’s usually called “Order Execution Policy“.
This document summarizes the process by which their trading platform executes your orders to obtain the best possible result for you.
Having an explicit order execution policy, so you know how your orders will be handled.
This should be seen as a prerequisite before further evaluating a broker.
You should look for the following:
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:
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