| Updated: February 25, 2025In the fast-paced world of currency trading, the speed at which trades are executed can significantly impact the trading experience of a forex devotee. Slippage, which occurs when a trade is executed at a different price than expected, may even erode one’s profits if they are not careful. This is why accomplished forex traders seek brokers that minimize slippage and boast excellent execution speeds. Finding the right one can be a daunting task, however, due to the sheer number of online brokers that operate in today’s trading sphere. If you would like to learn more about execution, slippage, and how to pick a broker that will cater to your trading preferences, we invite you to continue reading.
Below you can find a list with fast execution and no slippage Forex brokers:
Top 6 Forex Brokers with fast execution and no slippage
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BlackBull Markets
- Broker boasting lightning-fast execution speed
- ECN brokers with tight spreads from 0.0 pips
- $0 minimum deposit requirement
Trading InstrumentsDeposit Methods- Commodities CFDs
- Crypto CFDs
- Forex CFDs
- Indices CFDs
- Metals CFDs
- Stock CFDs
-
Pepperstone
- Australia & CySEC regulated broker
- MT4/MT5, TradingView, Ctrader, Iress
- EUR/USD spread from 0.0 pips
Trading InstrumentsDeposit Methods- Commodities CFDs
- Crypto CFDs
- Energy CFDs
- Forex CFDs
- Indices CFDs
- Metals CFDs
- Stock CFDs
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Global Prime
- Australia regulated broker
- Advanced MT4
- $0 Minimum Account Size
Trading InstrumentsDeposit Methods- Commodities CFDs
- Forex CFDs
- Indices CFDs
- Metals CFDs
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Oanda
- OANDA offers access to great trading platforms, including MT4 and MT5, as well as proprietary mobile app for extra flexibility.
- You can trade over 65 major and minor currency pairs, cryptocurrencies and CFDs.
- OANDA is very well-regulated by top tier authorities, such as the FCA, ASIC, IIROC, ensuring safety and protection.
Trading InstrumentsDeposit Methods- Bonds CFDs
- Commodities CFDs
- Crypto CFDs
- Forex CFDs
- Indices CFDs
- Metals CFDs
-
IC Markets
- Offers 2,200+ tradable markets, including 61 currency pairs
- Leverage of up to 1:1000 in select jurisdictions
- EUR/USD spreads from 0.8 pips for standard accounts
Trading InstrumentsDeposit Methods- Commodities CFDs
- Crypto CFDs
- Energy CFDs
- Forex CFDs
- Indices CFDs
- Metals CFDs
- Stock CFDs
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Fusion Markets
- Australia regulated broker
- MT4, MT5, TradingView, Ctrader
- Leverage up to 500
Trading InstrumentsDeposit Methods- Commodities CFDs
- Crypto CFDs
- Forex CFDs
- Indices CFDs
- Metals CFDs
- Stock CFDs
Brokers Compared by Spread
| Brand | Commission per lot | |
|---|---|---|
| BlackBull Markets | AVG 0.3 pips | $0 (ECN Standard Account), $6 round turn (ECN Prime Account), $4 round turn (ECN Institutional Account) |
| Pepperstone | AVG 1.1 pips | $0 (Standard Account), $7 round-turn (Razor Account, TradingView, MT4, MT5), $6 round-turn (Razor Account, cTrader) |
| Global Prime | AVG 0.96 pips | $0 Standard Accounts; $7 round turn on Raw Accounts |
| Oanda | AVG 1.6 pips | $3.50 on Zero Accounts |
| IC Markets | MIN 0.8 pips | $0 Standard MT; $6 round turn on Raw cTrader; $7 round turn on Raw MT |
| Fusion Markets | AVG 0.93 pips | $0 Classic Account, $4.50 round turn on Zero Account |
FX Brokers Deposit Method Comparison
| Brand | Minimum deposit | |
|---|---|---|
| BlackBull Markets |  |
$0 (Standard)$2,000 (Prime)$20,000 (Institutional) |
| Pepperstone |  |
$0 |
| Global Prime | |
$0 |
| Oanda | |
$0 ($25 for Trustly, Visa, Mastercard) |
| IC Markets | |
$200 |
| Fusion Markets | |
$0 |
Forex Brokers by Regulator
| Brand | Maximum leverage | |
|---|---|---|
| BlackBull Markets | |
1:500 (FMA), 1:500 (FSAS) |
| Pepperstone | |
1:500 (CySEC | Pro Account), 1:500 (SCB | Pro Account), 1:30 (ASIC | Retail Account), 1:30 (CySEC | Retail Account), 1:30 (DFSA | Retail Account), 1:30 (FCA | Retail Account), 1:200 (SCB | Retail Account) |
| Global Prime | |
1:500 (ASIC | Pro Account), 1:30 (ASIC | Retail Account), 1:500 (VFSC) |
| Oanda | |
N/A |
| IC Markets | |
1:500 (CySEC | Pro Account), 1:30 (CySEC | Retail Account), 1:1000 (FSAS | Retail Account) |
| Fusion Markets | |
1:500 (ASIC | Pro Account), 1:30 (ASIC | Retail Account), 1:500 (VFSC | Retail Account) |
Forex Brokers Platform Availability
| Brand | FX pairs to trade | |
|---|---|---|
| BlackBull Markets | |
cTrader, MetaTrader 4, MetaTrader 5, TradingView |
| Pepperstone | |
MetaTrader 4, MetaTrader 5, Proprietary Mobile, Proprietary Web |
| Global Prime | |
MetaTrader 4 |
| Oanda | |
MetaTrader 4, TradingView |
| IC Markets | |
cTrader, MetaTrader 4, MetaTrader 5 |
| Fusion Markets | |
cTrader, MetaTrader 4, MetaTrader 5, TradingView |
Comprehensive Comparison of Forex Brokers with fast execution
| Brand | Min. Deposit | Trading Platforms | Spread | Regulation | Trustpilot |
|---|---|---|---|---|---|
 |
$0 (Standard)$2,000 (Prime)$20,000 (Institutional) |
|
AVG 0.3 pips |
|
|
 |
$0 |
|
AVG 1.1 pips |
|
|
 |
$0 |
|
AVG 0.96 pips |
|
|
 |
$0 ($25 for Trustly, Visa, Mastercard) |
|
AVG 1.6 pips |
|
|
 |
$200 |
|
MIN 0.8 pips |
|
|
 |
$0 |
|
AVG 0.93 pips |
|
What is Forex Execution?
Execution is at the core of the forex market, and the term refers to the process of carrying out a trade. This involves the implementation of a buy or sell order, where the goal is to achieve the best possible price for the investor. Order types are broadly categorized as either market orders or limit orders.
How fast a trade is processed and confirmed, from the moment the trader clicks the “buy” or “sell” button to the moment the trade is filled, is the execution speed. The said speed is measured in milliseconds. For forex traders, rapid execution is crucial as it allows them to capitalize on fleeting market opportunities and minimize potential losses. Even small delays in execution can result in missed trading opportunities and losses, as prices can fluctuate rapidly in response to market news and events, which in turn might lead to slippage.
There are several factors that contribute to fast execution speeds, starting with the type of execution model utilized by the broker. Below, you will find a brief summary of the most common execution models:
- Market Makers: Known also as dealing desk brokers, market makers act as counterparties to trades, providing liquidity to the market and profiting from the bid-ask spread.
- ECN (Electronic Communication Network): This type of execution model connects buyers and sellers directly, allowing for fast and efficient trade execution without the need for a dealing desk. This results in better pricing, faster trade execution, and increased transparency.
- STP (Straight Through Processing): STP brokers have no dealing desk and instead boast automatic processing. They serve as a bridge between traders and liquidity providers.
The servers and data centers that make up the broker’s infrastructure are also of paramount importance. Brokers with high-performance servers and strategically located data centers can provide faster execution speeds. Another aspect is the broker’s trading platform, with ones optimized for speed and performance, like MetaTrader 4 and 5, being particularly sought after. Additionally, the broker’s network connectivity, including their internet service provider and network architecture, can impact execution speed. Brokers with high-speed, low-latency networks can provide faster execution speeds than those with slower networks.
Slippage and What Makes it Troublesome
Slippage is a common phenomenon in financial markets, particularly in forex trading, where the actual execution price of a trade differs from the expected price. This leads to higher trading costs, which in turn result in a loss or reduced profit. Thus, Slippage can be a significant issue for traders.
We should highlight that slippage can be either negative or positive, depending on the direction of the market’s movement. The former occurs when the trade is executed at a worse price than expected, while the latter happens when the execution price ends up better than initial predictions and may benefit traders. Positive slippage is the rarer of the two, however.
Slippage is often caused by market volatility, liquidity, and order flow. When markets are highly volatile, prices can fluctuate rapidly, making it difficult for brokers to fill orders at the requested price. Similarly, during periods of low liquidity, there may not be enough buyers or sellers to fill orders at the desired price, resulting in slippage. Additionally, large orders or sudden changes in market sentiment can also cause slippage, as they can create an imbalance in the market and lead to price movements. Slow execution is another major contributor to the occurrence of slippage, and certain types of orders, such as market orders or stop-loss orders, can be more prone to slippage due to their nature.
Virtual Private Servers
A Virtual Private Server (VPS) is a remote server that provides a secure, dedicated, and virtualized environment for running trading platforms, automated trading systems, and other applications. In the context of forex trading, VPS technology has become an essential tool for traders seeking to optimize their trading performance.
Several components of a VPS are crucial for optimal performance, starting with low latency. A sufficient amount of RAM is also necessary, and when it comes to storage, Solid-State Drives (SSD) are preferred over Hard Disk Drives (HDD) due to their faster data access and retrieval times. The operating system is another critical component, with a popular OS being the Windows Server 2022. Some companies also provide Linux, in particular CentOS, as an option.
One of the primary benefits of using a VPS in forex trading is the significant increase in execution speeds. By providing a direct and stable connection to the trading server, a VPS enables trades to be executed in milliseconds, reducing the likelihood of slippage and ensuring that traders can capitalize on market opportunities. This is particularly important in fast-paced and volatile markets, where every millisecond counts.
In addition to increasing execution speeds, a VPS can also help reduce slippage, which is a major concern among forex traders. It bears repeating that, by minimizing the latency, a VPS can help reduce the incidence of slippage. Furthermore, a VPS can ensure that automated trading systems and expert advisors run continuously and without interruption.
It will come as no surprise that virtual private servers typically cost a monthly fee. However, some brokers offer sponsor VPS services by refunding traders providing the service for free from the get-go on the condition that a given user’s trading volume meets the broker’s criteria.
How to Pick a Broker With Fast Execution and Minimal Slippage
There are various factors that should be taken into consideration when it comes to finding the broker that best fits your preferences. As we have already covered execution speed and slippage, here are some additional aspects you should pay attention to when looking for your broker of choice:
- Licenses and Regulatory Compliance: A broker’s licensing status is an important consideration when evaluating its viability. Licenses can be issued by reputable regulatory bodies, with examples being the Financial Conduct Authority of the UK (FCA), the Australian Securities and Investments Commission (ASIC), and the Cyprus Securities and Exchange Commission (CySEC). Of course, it is important to look for a broker who has a license that is valid in your jurisdiction to ensure that you will be protected in the event that an issue arises.
- Market Variety: A broker whose instrument selection includes numerous minor, major, and exotic pairs is ideal. Other markets may include commodities, cryptocurrencies, shares, indices, and more.
- Security: Robust security measures can protect traders’ funds and personal information from cyber threats and other security risks. A broker that values its clients will utilize SSL encryption, firewalls, and other technology that will serve to secure client accounts. Users’ funds should be kept in separate bank accounts away from the company’s own funds. Risk-management tools are another must.
- Platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView, and cTrader are all excellent options if you are looking for low-latency trading. A broker’s platforms can also include mobile trading apps. Do note that some brokers’ platforms are proprietary.
- Low Latency: Always stick to brokers that boast low latency, and this can assist in ensuring low execution and minimal slippage.
- VPS: A good broker, especially one advertising swift execution and low slippage, should offer a VPS service. As established, some brokers will waive the fees associated with these servers depending on a user’s trading volume.
- Transparency: A good broker will provide extensive and accessible information regarding its execution speed, fee structure, and other important factors that will affect clients.
- Customer Support: Traders need to have the peace of mind that whenever they need assistance with a problem, their broker’s support staff will be able to help. Thus, it is best to look for brokers offering 24/7 support, or at least 24/5. The communication channel options should include live chat and email.
- Payment Methods: A broker that accepts at least two of your preferred payment methods will be a good fit. In general, it should not be too difficult to find a broker that fits this criteria as plenty support credit cards, debit cards, bank transfers, digital wallets, and cryptocurrencies, among other types of financial solutions.
FAQs
How does latency affect Forex trading execution, and what can be done to minimize it?
Latency can significantly impact Forex trading, as high latency can result in delayed trade execution, leading to slippage and potential losses. Traders can use a VPS, optimize their internet connection, and choose a broker with a robust infrastructure in order to enjoy low latency.
How does the location of a Forex broker’s servers impact execution speed?
The location of a Forex broker’s servers can significantly impact execution speed, as servers located closer to major financial hubs can provide faster trade execution, while servers located in remote areas may result in higher latency and slower execution speeds. Your own proximity to the servers will also play a role.
How do I find information regarding a broker’s execution speed?
Plenty of brokers advertise their execution speed on their websites. If you are unable to find anything concrete, the customer service staff should be able to help. You could also consider looking up reviews and user feedback, as traders will typically be critical of brokers with slow execution.
Can a VPS be used for other types of trading, such as stocks or commodities?
Yes, a VPS can be useful for commodities, stocks, cryptocurrencies, and other instruments. The benefits of using a VPS, including improved execution speed and reduced slippage, can be applied to various types of trading.
How do I qualify for a free VPS?
This is entirely dependent on your broker. Typically, a broker will demand that you have reached a certain trading volume threshold within 30 days, for example, 20 or 30 lots. Make sure to check your broker’s specific terms and requirements, and if anything appears unclear, ask the customer service team for assistance.
Conclusion
To sum up, both execution speed and minimal to no slippage play a role in the profitability of traders. Virtual private servers can help, and combined with other crucial factors such as security and instrument selection, they can make for a broker that is the perfect fit for your trading needs while boasting excellent execution.
Why You Should Trust RationalFX
When it comes to making informed decisions about forex brokers, it's essential to rely on trustworthy sources. RationalFX, a company with over 17 years of experience since its founding in 2005, has established itself as a credible authority in the industry. With an impressive collection of over 2500 reviews on Trustpilot, boasting a score of 4.2, it's clear that Rational FX has built a reputation for providing reliable and unbiased information.
What sets Rational FX apart is its rigorous evaluation process, which considers over 30 different criteria when selecting forex brokers. This comprehensive approach ensures that every aspect of a broker's service is taken in consideration, including regulation, forex spreads, trading platforms, deposit methods, and reputation. With its wealth of experience, transparent review process, and outstanding customer feedback, Rational FX is a trusted source for anyone seeking reliable information on forex brokers. You can reach us via e-mail at feedback@rationalfx.com or contact us through our social media accounts here: Facebook, YouTube, or leave a feedback here.