How committed is the broker to order execution quality and transparency?

How committed is the broker to order execution quality and transparency?

Brokers who are committed to fair pricing and quality order execution prove it b being transparent and publicly disclosing execution statistics.

These brokers regularly publish execution data reports, which 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:

• Who are their liquidity providers (LPs)?
• What percentage of volume does each LP provide?
• Does it disclose any close links, conflicts of interest, or shared ownerships with any LPs?
• Are any specific arrangements with any LPs regarding payments made or received, discounts, rebates, or non-monetary benefits received?
• Does it provide an explanation of how order execution differs according to different customers, where the broker treats categories of customers differently?

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.

Learn to Day Trade Forex

If you’d like to earn extra income trading on the Forex market, consider learning how to currency trade with Forex Smart Trade.   With their super-accurate proprietary trading tools and best-in-the-business, personalized one-on-one training, you’ll be successful.  Check out the Forex Smart Trade webinar.  It shows one of their trader’s trading and how easy, intuitive, and accurate the tools are.  Or try the Forex Smart Trade 14-day introductory trial for just TEN dollars.