Are you suspicious?

Are you suspicious about why your order wasn’t executed at the requested price?

Brokers may have the ability on their trading platform to control and add “slippage” and/or delay the execution of your order

So when this occurs, you end up getting filled at a worse-off price.

For example, brokers can deliberately introduce negative slippage into the order execution.

They do this where, if the price benefits the broker, it’ll execute.

But if the price does NOT benefit the broker, then the price is slipped and requoted with another price that favors the broker.

If you’re suspicious about why your order wasn’t executed at the requested price, you can request a post-trade execution report.

Upon request, your broker should be able to provide you, within a reasonable time frame, documented evidence.

This evidence will demonstrate clearly that it executed your order in accordance with its Order Execution Policy and information about its order execution arrangements.

For example, in the U.S., retail forex brokers are required to provide their customers, upon request, with certain order execution data.

This includes price data for the 15 transactions in the same currency pair that occurred immediately before and after the customer’s transaction.

This allows their customers to verify that the prices offered closely mirror prevailing market prices.

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