Online social trading platform and broker Darwinex has introduced an Execution Quality section where traders can find execution reports for each account, the broker said earlier this week. The feature is only available to traders with live trading accounts.
Execution reports contain data for each trade, such as prevailing bid and ask price at a certain time, execution speed (in ms), and slippage. Data is updated each weekend in order to avoid excessive requests to the broker’s servers during weekdays.
It also said that it considers publishing execution quality statistics for the overall Darwinex community on a regular basis.
Darwinex said it is developing more upgrades that are to be added in the near future, but it provided no details. Last month, the broker switched its MetaTrader 4 (MT4) charts to New York close, and a month earlier it added a feature that enables users to hide one or more of their strategies.
Darwinex is part of Tradeslide Trading Tech, a company licensed and regulated by the UK Financial Conduct Authority (FCA). The social platform supports trading in forex and contracts for difference (CFDs) instruments. Darwinex was set up in 2012 but started operations in 2014 and recently reported a profitable first year.
As a social trading platform, Darwinex competes with eToro, ZuluTrade, Tradeo, FxPro SuperTrader, SwipeStox and Tradency, among others.