Generally ,there are two execution types offered by forex brokers namely instant execution and market execution.
Instant execution
- Trader expects his order to be fulfilled instantly.
- If the price has changed then trader will receive new rate and order will not be executed without approval of the trader.
- There isn’t any type of slippage.
- This type is usually used by market maker brokers.
Market execution
- Trader expects his order to be fulfilled at the requested rate.
- Rate of execution can be same,higher or lower.
- There can either be positive slippage or negative slippage.
- Broker doesn’t reject order in case of price change.
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http://test.accountingstudymaterial.com/?page_id=2378 | ![]() | ![]() |
http://test.accountingstudymaterial.com/?page_id=2378 | ![]() | ![]() |
Broker Name | Hedging | Expert Advisors | Trading Platform Time zone | News Trading | Mirror/ Social Trading | Scalping |
12Trader | YES | NO | GMT | NO | NO | YES |
1Billion Forex | YES | YES | GMT+1 | YES | NO | YES |
1Broker | YES | NO | – | YES | YES | YES |
3TG FX | YES | YES | GMT+1 | YES | NO | YES |
5Stars Forex | YES | YES | GMT | YES | YES | YES |
AAAFx | YES | YES | GMT | YES | YES | YES |
AAATrade | YES | YES | GMT | YES | YES | NO |
AAFX | YES | YES | EST | YES | NO | YES |
Abshire Smith | YES | YES | GMT | NO | NO | YES |
Accent Forex | YES | YES | GMT+2 | NO | NO | YES |
Activ- Trades | YES | YES | GMT+2 | NO | NO | YES |
Admiral Markets Group | YES | YES | EET | YES | NO | YES |
ADS Securities LLC | YES | YES | GMT+4 | YES | YES | YES |
ADS Securities London | YES | YES | GMT+2 | YES | NO | YES |
Advanced Markets | YES | NOT APPLICABLE | GMT+0 | NO | NO | YES |
AG- Markets | NO | YES | GMT | YES | NO | YES |
AGEA | YES | YES | GMT+1 | YES | NO | YES |
AGM Markets | YES | YES | GMT | — | — | YES |
AITS FX | — | YES | GMT | YES | YES | YES |
AL Trade Inc | YES | YES | GMT+2 | YES | NO | YES |
Alfa Financial | YES | YES | GMT | NO | NO | Yes but monitored |
ALFA Financials | YES | NO | GMT | YES | NO | Yes but monitored |
Alfa Trade | YES | YES | YES | YES | Yes but monitored | |
Alfa Forex | YES | YES | GMT+3 | YES | YES | YES |
Alpari | YES | YES | EST | NO | NO | YES |
Amana Capital | YES | YES | GMT+2 and GMT+3 | YES | NO | YES |
AMarkets | YES | YES | EET | YES | NO | YES |
AMEGA | YES | YES | UTC | YES | YES | YES |
Amenda | YES | YES | GMT-5 | YES | YES | YES |
Anzo Capital | YES | YES | GMT+2 | YES | NO | Yes scalpers welcome |
ArgusFx | YES | YES | GMT+2 | YES | YES | Yes scalpers welcome |
Assets FX | YES | YES | GMT 0 | NO | YES | YES |
ATC BROKERS | YES | YES | GMT+2 | YES | NO | YES |
ATFX | YES | YES | GMT+0 | NO | NO | Yes scalpers welcome |
Atlas Capital FX | YES | YES | GMT+2 | YES | NO | YES |
Atom8-Vantage Global Prime LLP | YES | YES | GMT | YES | YES | YES |
ATS MARKETS GLOBAL | YES | NO | GMT | YES | NO | NO |
Ausprime-LTtrader Ltd | YES | YES | GMT+2 | YES | NO | Yes but monitored |
AVATRADE | YES | YES | GMT | YES | YES | Yes but monitored |
Axiory | YES | YES | GMT+1 | YES | YES | YES |
Axiory Europe | YES | YES | GMT+2 | YES | YES | Yes scalpers welcome |
AxiTrader | YES | YES | GMT+2 | YES | YES | YES |
Back Bay Markets | YES | YES | YES | YES | YES | |
BAXTER-FX | YES | YES | GMT+1 | YES | YES | YES |
BCapitalsFX | YES | YES | EST | NO | NO | YES |
BCR | YES | YES | GMT | YES | NO | YES |
BCS Forex | YES | YES | EET | YES | YES | YES |
BD Swiss | YES | YES | GMT+2 | YES | YES | NO |
Billion Capitals | YES | YES | GMT | NO | NO | YES |
Black Bull Group Limited-BlackBull Markets | YES | YES | GMT | YES | YES | YES |
Blackwell Global | YES | YES | GMT+1 | YES | NO | YES |
BLITZBROKERS | YES | YES | GMT | YES | YES | Yes scalpers welcome |
Blueberry Markets | NO | NOT APPLICABLE | GMT+3 | NO | NO | NO |
Boston Merchant Financial-BMFN | YES | YES | EST, local | YES | NO | NO |
BTFX | YES | YES | GMT+1 | YES | YES | Yes but monitored |
Bulls Capital Markets | YES | YES | GMT+3 | YES | NO | YES |
BullsEye Markets Ltd | YES | NO | GMT+2 | YES | NO | YES |
CaesarTrade | YES | YES | GMT+2 | YES | YES | YES |
Capital Index | YES | YES | GMT | NO | NO | NO |
Capital Investment Brokers Ltd-CIBFX | YES | YES | GMT+3 | YES | YES | Yes but monitored |
Capital Street FX | NO | YES | EST | YES | NO | YES |
CapproFX | YES | YES | GMT | NO | NO | Yes but monitored |
CentroFX | YES | YES | GMT+2 | YES | YES | YES |
CFI Markets | YES | YES | GMT+2 | YES | NO | Yes but monitored |
ChampionFX | YES | YES | GMT | NO | NO | Yes scalpers welcome |
Circle Markets | YES | YES | GMT+1 | YES | NO | YES |
Circle Markets | YES | YES | GMT+1 | YES | YES | YES |
City index | YES | NOT APPLICABLE | UTC | YES | NO | NO |
CIX Markets | YES | YES | GMT | YES | NO | YES |
CM Trading | YES | YES | GMT | YES | YES | Yes scalpers welcome |
CMC MARKETS | NO | NOT APPLICABLE | GMT | YES | YES | NO |
CMS TRADER | YES | NOT APPLICABLE | GMT | YES | YES | YES |
Coinexx | YES | YES | GMT + 3 | YES | YES | YES |
Core Liquidity Markets PTY LTD | YES | YES | GMT | YES | YES | YES |
Core Spreads | YES | YES | GMT | YES | NO | Yes but monitored |
DeltaStock | YES | YES | EET | YES | NO | YES |
DF Markets | YES | NOT APPLICABLE | GMT | YES | NO | YES |
discountFX | YES | YES | GMT+3 | YES | NO | YES |
DUBAI FXM LTD | NO | NOT APPLICABLE | GMT | YES | YES | NO |
Dukascopy Bank SA | YES | YES | GMT | YES | YES | YES |
DV Markets | YES | YES | GMT+2 | YES | NO | YES |
EagleFX | YES | NOT APPLICABLE | GMT+2 | YES | NO | YES |
Easy-Forex | YES | YES | GMT | YES | NO | YES |
easyMarkets | YES | YES | GMT | YES | NO | Yes scalpers welcome |
ECN Prime | YES | YES | EST | YES | NO | YES |
EightCap | YES | YES | GMT+2 | YES | YES | YES |
eToro | NO | NO | GMT | NO | YES | NO |
ETX CAPITAL | YES | YES | GMT | YES | NO | Yes but monitored |
EverFX | YES | YES | GMT+2 | NO | NO | YES |
Evolve Markets Ltd | YES | YES | GMT | YES | NO | YES |
Exclusive Capital | YES | YES | GMT+2 | YES | NO | YES |
Exness | YES | YES | GMT+2 | YES | NO | Yes but monitored |
FBS | YES | YES | GMT+3 | YES | YES | YES |
Fibo Group | YES | YES | GMT+3 | YES | NO | YES |
Fidelis Capital Markets | YES | YES | GMT+2 | YES | YES | Yes scalpers welcome |
FinancialSpreads | YES | NOT APPLICABLE | GMT | YES | NO | NO |
Financikatrade | YES | NOT APPLICABLE | GMT | YES | NO | Yes but monitored |
FinFX | YES | YES | GMT | YES | YES | YES |
FinPro Trading | YES | YES | GMT | YES | YES | YES |
FirewoodFX Global Market | YES | YES | GMT | YES | YES | YES |
Forest Park FX | YES | YES | GMT | NO | NO | YES |
Forex Broker Inc | YES | YES | GMT+3 | YES | YES | YES |
Forex FS | YES | YES | GMT | YES | NO | Yes scalpers welcome |
Forex Time-FXTM | YES | YES | GMT | NO | NO | Yes scalpers welcome |
FOREX.com | YES | YES | GMT | YES | YES | YES |
Forex.ee | YES | YES | GMT+3 | YES | NO | YES |
Forex4you | YES | YES | GMT+1 | YES | YES | Yes scalpers welcome |
ForexCT | YES | YES | GMT | NO | NO | NO |
FOREXer | YES | YES | GMT | NO | NO | Yes but monitored |
Fort Financial Services-FortFS | YES | YES | GMT+2 | YES | NO | YES |
Fortrade LTD | YES | YES | GMT | NO | NO | YES |
FreshForex | YES | YES | EST | YES | NO | Yes but monitored |
Fullerton Markets | YES | YES | GMT+2 | YES | YES | YES |
FW Markets | YES | YES | GMT | YES | NO | YES |
FX Primus | YES | YES | GMT+3 from March to November and GMT+2 from November to March | YES | NO | Yes scalpers welcome |
FX Trading Pro | NO | YES | GMT+2 | YES | NO | YES |
FX-EDGE TRADING VENUE | YES | YES | CET, GNT+2 | YES | YES | YES |
FX-Next | YES | YES | GMT | YES | YES | Yes scalpers welcome |
FXBM | YES | YES | GMT+2 | NO | NO | Yes but monitored |
FXCC | YES | YES | GMT+2 | YES | YES | YES |
FXChoice | YES | YES | GMT | YES | YES | YES |
FXCL | YES | YES | GMT | YES | YES | YES |
FXCM | YES | YES | GMT-5 | YES | YES | YES |
FXFair | YES | YES | GMT+2 | YES | NO | YES |
FXFINPRO Capital | YES | YES | GMT+2 | YES | NO | YES |
FXFlat | YES | YES | GMT+3 | YES | NO | YES |
FXGiants | YES | YES | UTC+2 | YES | NO | YES |
FXGlobe | YES | YES | GMT+2 | YES | NO | YES |
FXGlory | YES | YES | GMT+2 | YES | NO | YES |
FXGM | — | NOT APPLICABLE | GMT | YES | NO | YES |
FxGrow | YES | YES | GMT+2 | YES | NO | Yes scalpers welcome |
FxNet | YES | YES | GMT+2 | YES | NO | YES |
FxOnUs | NO | NOT APPLICABLE | GMT | NO | NO | YES |
FXOpen AU Pty Ltd | YES | YES | CET+1 (GMT+2 in summer, GMT+3 in winter) | YES | NO | YES |
FXOpen Markets Limited | YES | YES | CET+1 | YES | YES | Yes scalpers welcome |
FXOpen UK | YES | YES | GMT+3 | YES | NO | YES |
FxORO | YES | NOT APPLICABLE | GMT+3 | YES | NO | NO |
FXPIG | YES | YES | GMT+3 | YES | NO | YES |
FxPlayer Ltd | NO | NOT APPLICABLE | GMT | YES | YES | YES |
FXPremax | YES | YES | EST | YES | NO | YES |
FxPro | YES | YES | GMT+2 | YES | YES | Yes scalpers welcome |
FXTPG | YES | YES | GMT+5 | YES | NO | YES |
FXtradeweb-FXTW | YES | YES | GMT+1 | YES | NO | YES |
GAIN CAPITAL | NO | YES | EST, GMT-5 | YES | YES | YES |
GAINSY | YES | YES | GMT | YES | — | YES |
GANN Markets | YES | YES | GMT+2 | YES | NO | YES |
GBE brokers Ltd | YES | YES | GMT+2 | YES | YES | YES |
GCI Online Trading | YES | NOT APPLICABLE | GMT | YES | NO | YES |
GKFX Prime | NO | YES | GMT+1 | YES | YES | Yes but monitored |
Global Prime | YES | YES | GMT+2 | NO | NO | YES |
GQFX | YES | YES | GMT+2 | YES | NO | YES |
Grand Capital | YES | YES | GMT+2 | YES | YES | YES |
Grinta-Invest | YES | YES | GMT+1 | YES | NO | Yes scalpers welcome |
GSI Markets LTD | YES | YES | GMT+2 | YES | NO | YES |
GTCM | YES | YES | GMT+2 | YES | NO | NO |
Hadwins Capital Ltd | YES | YES | GMT+1 | YES | NO | YES |
Hantec markets | YES | YES | GMT+1 | YES | YES | Yes but monitored |
Hirose Financial UK | YES | YES | GMT | NO | NO | YES |
HiWayFX | YES | YES | GMT+3 | YES | YES | YES |
HotForex | YES | YES | GMT+2 | YES | YES | YES |
House Of Borse | YES | YES | GMT+3 | YES | NO | NO |
IC MARKETS | YES | YES | GMT+3 | YES | YES | YES |
iclickntrade | YES | YES | GMT+3 | YES | NO | YES |
ICM Capital Limited | YES | YES | GMT | YES | NO | Yes but monitored |
iFOREX | YES | NOT APPLICABLE | GMT | YES | NO | YES |
IG Markets | YES | YES | GMT | NO | NO | YES |
IGOFX | YES | NOT APPLICABLE | GMT | YES | NO | YES |
IKON Group-IKOFX | YES | YES | GMT | YES | NO | YES |
IMMFX | YES | YES | GMT | YES | NO | NO |
Indigo DMA Corp | YES | YES | EST+8 | YES | NO | Yes scalpers welcome |
Infinity Space Inc | YES | NOT APPLICABLE | GMT-4 | NO | NO | YES |
InstaForex Group | YES | YES | CET (GMT+1) | YES | NO | YES |
Interactive Brokers | — | NOT APPLICABLE | EST (GMT-5) | — | — | — |
IronFX | YES | YES | GMT+2 | YES | YES | YES |
IV Brokers | YES | YES | GMT | YES | NO | YES |
JCMFX | YES | YES | GMT+3 | YES | NO | YES |
JFD Brokers | YES | YES | GMT, GMT +1 | YES | NO | Yes scalpers welcome |
Juno Markets | YES | YES | GMT | YES | YES | YES |
JustForex | YES | NO | GMT+3 | NO | YES | YES |
Khwezi Trade | YES | YES | GMT+1 | YES | NO | YES |
Land-FX | YES | YES | GMT-5 | YES | YES | Yes but monitored |
Larson-Holz IT Ltd | YES | NOT APPLICABLE | GMT+2 | NO | YES | YES |
Libertex | YES | NOT APPLICABLE | GMT+2 | YES | NO | YES |
Lidya Trade Ltd | YES | YES | GMT+2 | YES | NO | Yes but monitored |
Liteforex Europe Ltd | YES | YES | GMT+3 & GMT+2 during winter time for MT4 and Currenex Viking – GMT for Currenex Classic | YES | YES | YES |
LMAX | YES | NOT APPLICABLE | GMT | YES | YES | YES |
LMFX | YES | YES | GMT+2 | YES | NO | Yes scalpers welcome |
London Capital Group | YES | YES | GMT+1 | NO | NO | Yes but monitored |
LQDFX | YES | YES | GMT+1, GMT+2 | YES | NO | Yes scalpers welcome |
Market Investment | YES | YES | GMT | YES | YES | YES |
Markets.com | YES | NO | GMT | YES | NO | YES |
MFX Broker | NO | YES | GMT+2 | YES | YES | YES |
Milton Markets | YES | YES | GMT+1 | YES | YES | YES |
MTrading | YES | YES | EET | YES | NO | YES |
NAGA Markets | — | NOT APPLICABLE | GMT | YES | YES | — |
Neferma | YES | YES | GMT+3 | YES | YES | YES |
NetoTrade Global Investment Ltd | YES | NOT APPLICABLE | GMT+2 | NO | YES | YES |
NewForex | YES | YES | GMT+3 | YES | NO | YES |
NICOFX | YES | YES | GMT+2 | NO | NO | YES |
NordFX CY-NFX Capital CY LTD | NO | YES | GMT+3 | YES | NO | Yes but monitored |
Nova FX Trading | YES | YES | GMT | YES | YES | YES |
NSFX | YES | YES | GMT+3 | YES | NO | Yes scalpers welcome |
OANDA | YES | YES | EST, MetaTrader 4 GMT+2 | YES | NO | YES |
OctaFX | YES | YES | EET | YES | NO | YES |
OneTrade | YES | YES | GMT | YES | YES | YES |
ORBEX | YES | YES | GMT+3, GMT+2 | YES | YES | Yes but monitored |
Pacific Financial Derivatives Ltd | YES | YES | GMT+3 | YES | NO | YES |
PaxForex | YES | YES | GMT+2 | YES | NO | Yes scalpers welcome |
PCM Brokers | YES | YES | GMT+3 | YES | NO | YES |
Pepperstone Group Limited | YES | YES | GMT+3 | YES | YES | YES |
PhillipCapital UK | YES | YES | GMT | YES | NO | Yes but monitored |
Plus500 | NO | NO | Adjustable (according to user’s time zone) | NO | NO | NO |
Prior FX | YES | YES | GMT | YES | NO | YES |
Profiforex | YES | YES | GMT +3 | YES | NO | Yes scalpers welcome |
Q8Trade | YES | YES | GMT | YES | NO | Yes but monitored |
Robo Forex | YES | YES | GMT+2 | YES | NO | YES |
Saxo Bank | YES | NO | GMT | YES | YES | YES |
SCHATZ Markets | YES | YES | GMT+4 | YES | YES | Yes but monitored |
SimpleFX | YES | YES | GMT | YES | NO | YES |
SOL MARKET LIMITED PARTNERSHIP-SolForex | YES | YES | GMT+3 | YES | YES | YES |
Spreadex Ltd | YES | YES | GMT | YES | NO | Yes but monitored |
STO | YES | YES | GMT+2 | YES | YES | YES |
StoxMarket | YES | YES | GMT+2 | YES | YES | Yes but monitored |
Stratton Markets | YES | NOT APPLICABLE | GMT+2 | YES | NO | NO |
SunbirdFX | YES | YES | GMT+2 | YES | YES | Yes but monitored |
Swissquote Bank | YES | YES | CET | YES | YES | YES |
Synergy FX | YES | YES | GMT+2 (GMT+3 DST) | NO | YES | YES |
TeleTrade | YES | YES | GMT+2 | YES | NO | YES |
TempleFX | YES | YES | GMT | YES | NO | YES |
ThinkMarkets | YES | YES | TT – GMT-4 (New York), MT4 – GMT+3 | YES | NO | YES |
thinkorswim by TD Ameritrade | NO | NOT APPLICABLE | EST (GMT-5) | NO | NO | YES |
Tickmill | YES | YES | GMT+2 | YES | YES | Yes scalpers welcome |
Tifia | YES | YES | GMT+3 | YES | YES | YES |
TIOmarkets | YES | YES | GMT | YES | NO | YES |
Titan FX | YES | YES | GMT+2 | YES | YES | YES |
TRADE.com | YES | NOT APPLICABLE | GMT | YES | NO | YES |
Trade360 | NO | NOT APPLICABLE | GMT | YES | NO | NO |
TradeFxP | YES | YES | GMT+1 | YES | NO | YES |
Trading 212 | YES | NOT APPLICABLE | GMT | YES | NO | YES |
TrioMarkets | YES | YES | GMT+2 | YES | YES | YES |
TryMarkets | YES | YES | GMT | YES | NO | Yes scalpers welcome |
TTCM Traders-Trust Capital Markets | YES | YES | GMT | YES | YES | YES |
Turnkey Forex | YES | YES | GMT+0 | YES | YES | YES |
Uniglobe Markets | YES | YES | GMT+2 | YES | NO | YES |
VARIANSE | YES | YES | GMT+1 | YES | NO | Yes scalpers welcome |
Vector Securities Ltd | YES | YES | EET | YES | YES | YES |
Vinson Financials LTD | YES | YES | GMT | YES | NO | YES |
VolumeFX | YES | YES | EST | YES | NO | Yes scalpers welcome |
WH Selfinvest | YES | YES | GMT | YES | NO | YES |
Whaleclub | YES | NOT APPLICABLE | GMT | YES | NO | Yes scalpers welcome |
Windsor Brokers | YES | YES | GMT+3 | YES | YES | Yes but monitored |
XBTFX | YES | YES | GMT+0 | YES | NO | YES |
xCFD | NO | NO | GMT | NO | NO | YES |
XGLOBAL Markets | YES | YES | GMT+2 | YES | NO | Yes scalpers welcome |
XM Group | YES | YES | GMT+2 | YES | NO | YES |
XTB | YES | YES | GMT | YES | NO | YES |
XTrade Europe Ltd | YES | NO | GMT | NO | NO | YES |
XtreamForex | YES | YES | GMT+2 | YES | YES | YES |
Yadix | YES | YES | GMT | YES | YES | YES |
ZARFX | NO | YES | GMT+2 | YES | YES | YES |
ZES Forex | YES | YES | GMT+2 | YES | YES | YES |