Forex Smart Trade Results, Tuesday, Dec. 20, 2022 – $48,628

Forex Smart Trade Results Monday, Dec. 19, 2022 – $3,337
January 9, 2023
Forex Smart Trade Results, Wednesday, Dec. 21, 2022 – $4,372
January 9, 2023

Forex Smart Trade Results, Tuesday, Dec. 20, 2022 – $48,628


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 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:

  • The process followed for 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:

  • How committed is the broker to order execution quality and transparency?
  • 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?
  • What number and percentage of orders were executed with slippage?
  • The percentage of trades that are successfully executed?
  • What number of orders are executed with positive slippage?
  • What percentage of orders are executed with negative slippage?


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