Execution rate is generally expressed as order execution speed. Ideally, around 100 milliseconds or fewer indicate the speed at which a buy or sell order is executed.
When it comes to trading, the execution rate of forex brokers is very important, which is why this article covers the five best forex brokers with the fastest execution rate.
5 Fastest Forex Brokers
1. Tickmill
A Forex and CFD broker licensed by the UK Financial Conduct Authority, the Cyprus Securities and Exchange Commission, and the Seychelles Financial Services Authority, Tickmill has a quick execution speed of up to 150 milliseconds for limit orders and 160 milliseconds for market orders.
The broker lets its users trade on the MetaTrader 4 platform for Windows, Mac, Web, Android, and iOS and has access to 85+ instruments, including bonds, metals, indices, CFDs, and forex.
Pros:
- Offers Pro, Classic, and VIP trading accounts.
- Free withdrawals and deposits along with a low initial deposit.
- Fast account registration, low trading costs, and fast order execution rates.
- A demo account is available for risk-free trading using virtual funds.
- An Islamic swap-free account is available.
- Client service is multilingual via telephone, email, online contact form, or live chat.
- Algorithmic trading, automated trading, and educational materials for new traders are available.
- The broker offers 50+ technical indicators and numerous charts with multiple time frames.
Cons:
- Customer support is only available 24/5 via phone calls, live chat, and email.
- The offered trading instruments are somewhat limited.
2. Pepperstone
With a limit order execution speed of 100 milliseconds and a market order execution speed of 85 milliseconds, Pepperstone is the best option for beginners looking for a solid MT4 broker with a wide variety of user interface options. Founded in 2010 and regulated by ASIC and the FCA, the straightforward platform lets its users trade everything from forex to cryptocurrencies.
Pros:
- Low risk, competitive pricing, and excellent customer service in multiple languages.
- Available on platforms like TradingView, MetaTrader 4, MetaTrader 5 and cTrader with desktop, web, and Android/iOS support.
- Funds can be deposited via a variety of methods, including bank wire transfer, MasterCard, Visa credit card, PayPal, Neteller, Skrill and QIWI.
- Platform enhancements include MetaTrader 4 smart trader tools, cTrader Automate, and Autochartist.
- Additional features like demo accounts, watch lists, charting, algorithmic and API trading, etc. are available.
- There is no withdrawal fee in most cases.
Cons:
- The recommended minimum deposit is $200, although you can deposit less.
- The broker doesn’t guarantee the stop loss of orders.
- Customer support is only available 24/5 via email, phone, and live chat.
- The broker is unavailable for U.S. clients.
If you want to know how to choose a forex broker visit here.
3. IC Markets
Regulated by ASIC, CySEC, and the FSA, IC Markets boasts over 850 financial markets, including Stocks, indices, bonds, crypto, forex, and commodities. There are three main types of live accounts, with a limit order execution speed of 130 milliseconds and a market order execution speed of 180 milliseconds.
Pros:
- Low trading costs and initial deposits with fast order execution and account opening.
- 24/7 customer support via live chat, phone, and email.
- Free deposits and withdrawals with credit or debit cards and bank transfers.
- Ability to pay via electronic wallets like Skrill, Neteller, PayPal, UnionPay, FasaPay, and Poli.
- A free demo account for practicing strategies and an Islamic account for Muslim traders are available.
- Traders can access social or copy trading via the integrated ZuluTrade and MyFXbook Autotrade.
- Automated trading is available through Expert Advisors and MQL4/ MQL5.
- The platform features analysis and education materials along with a mobile app.
Cons:
- The available education material and instruments are a bit limited.
4. Roboforex
Serving three million forex traders since its establishment in 2009, RoboForex is a prestigious online, global broker licensed by the International Financial Services Commission, or IFSC. The platform is quite fast, offering a limit order execution speed of 150 milliseconds and an order execution speed of 400 milliseconds.
It is best known for trading commodities, forex, metals, stocks, indices, ETFs, cryptocurrency, and CFDs with comfortable conditions for both clients and partners.
Pros:
- Traders starting off with Roboforex only need a minimum deposit of $1.
- A demo account is available for those looking to familiarize themselves with the platform before investing.
- Islamic accounts are available for Muslims.
- Suitable for all levels of traders, from experienced to beginner.
- Allows the trade of over 100 instruments and over 35 currency pairs.
- Offers both MT4 and MT5 MetaTrader platforms. There is also the cTrader platform.
- Mobile apps for Android and iOS are available.
- 24/7 live customer support via phone, Webchat, Skype, Telegram, Facebook chat, WhatsApp, email, and call-back request.
- Four data centers in Amsterdam, Frankfurt, London, and New York have an average execution speed of 100 milliseconds.
- Five trading accounts; Prime, ECN, Pro, R StocksTrader, and ProCent. The leverage offered ranges from 1:200 to 1:300.
- Free deposits and withdrawals via bank transfer, credit/debit card, and digital wallet.
- There are also other trading benefits like scalping, hedging, STP, etc.
Cons:
- There is a rollover fee for open accounts, along with overnight costs.
- An inactivity fee of $10 per month is applicable if an account has been inactive for over 12 months.
5. Intertrader
Offering spread betting and CFDs on thousands of shares, stock indices, FX, and commodities, Intertrader is a Gibraltar Financial Services Commission (GFSC) regulated, UK-based brokerage dedicated to providing fast and reliable execution on a wide range of markets. The platform has a limit order execution speed of 110 milliseconds and a market order execution speed of 130 milliseconds.
Pros:
- A risk-free demo account is available for 30 days to let you test out online spread betting and CFD trading.
- Mobile trading available via the Intertrader MetaTrader 5 web app is suitable for both smartphones and tablets.
- Comprehensive charting, research, and news packages are free with all live funded trading accounts.
- Accepts deposits and withdrawals using bank cards, Skrill, e-wallets, and bank transfers.
- The platform uses a No Dealing Desk system, so order executions depend on market liquidity without a dealing center.
- Low trading fees and a maximum leverage of 1:400.
- Customer support is available via phone, call-back, or email.
- Its platforms include MetaTrader 4 and the company’s own trading platform.
Cons:
- No Islamic account for Muslims.
- The platform does not offer EFTs / Binary Options.
- The broker has a minimum deposit of $500.
- No Cent accounts or integrated online chat are available.
- Customer Support is only available 24/5.
