SMN
Online forex broker FxPro said on Monday full 49.45% of the orders it processed in Q2 2016 had a positive slippage despite high volatility. This represents an increase of 2.52 percentage points from the previous quarter when 46.93% of all trades had positive slippage.
More than 30% of all orders in April-June were executed at quote, meaning there was no difference between the buy and asked price, while the remaining 20.4% of orders had a negative slippage.
Meanwhile, 4.17% of all FxPro orders were requoted during Q2, which is 0.84 percentage points below the levels reported in the previous three months. Both the rate of positive and negative re-quotes went down in Q2 as 2.27% of orders had a negative requote and 1.9% had a positive one.
Higher positive slippage means better pricing. The market could be quite dynamic and a broker may not always be able to execute an order instantly at the asked price. In such case, an order is either executed at the first available price (slippage), or rejected and the new price is returned to the trader for confirmation (requote).
“Amid increased activity observed across the financial markets, FxPro successfully enhanced its trading conditions further and was named ‘Best FX Service Provider’ for the third year in a row at the 2016 City of London Wealth Management Awards,” the broker said in the statement.
Following are FxPro’s order execution statistics for Q1 and Q2 2016:
|
Slippage |
Requote |
|||||
|
Positive |
Negative |
At Quote |
Requotes (total) |
Positive |
Negative |
|
|
Q1 2016 |
46.93% |
21.26% |
31.81% |
5.01% |
2.23% |
2.78% |
|
Q2 2016 |
49.45% |
20.40% |
30.15% |
4.17% |
1.90% |
2.27% |
The broker offers both instant and market execution orders after during the quarter it launched a new type of trading account with market order execution for users of the MetaTrader 4 (MT4) platform. Here are all trading accounts offered by the broker:
FxPro is the collective brand name of companies registered and regulated in Cyprus by the Cyprus Securities and Exchange Commission (CySEC) and in the UK by the Financial Conduct Authority (FCA). It offers complete services for all segments of the retail forex market, as well as trading with futures, indices, metals, shares, and contracts for difference (CFDs).
The broker offers trading via the platforms FxPro SuperTrader, MT4, MetaTrader 5 (MT5) and cTrader.
