4 Best Fast Execution Forex Brokers for 2024

List of Top Fast Execution Forex Brokers

Why Fast Execution Matters

Order execution in forex and CFD trading refers to how quickly and efficiently a broker can complete a trade order at the requested price. Fast order execution is crucial because it minimizes the risk of slippage  –  the difference between the expected price of a trade and the price at which the trade is actually executed.

This is especially important in fast-moving markets, where prices can change rapidly. Choosing a broker with fast order execution ensures that trades are completed as close to the desired entry or exit points as possible, maximizing potential profits and reducing unnecessary losses.

How Did FXEmpire Select the Best Fast Execution Forex Brokers?

• We only selected brokers with a high overall score from our proprietary rating system.
• We checked the broker offers fast execution speeds relative to the industry.
• We ensured each broker provided access to institutional-grade liquidity to support fast execution.
• We ensured the broker offer a variety of platforms and tools to support high-frequency, short-term trading.
• We tested the broker’s spreads for competitiveness and transparency by opening a live trading account and comparing them to the industry average.
• We verified the regulatory licenses for each jurisdiction where the broker operates.

Using FX Empire’s comprehensive methodology, our team of experts has identified the best forex brokers for auto trading this year. Here’s how we test.

Now let’s explore the selected brokers.

How to choose a broker with fast order execution?

Here is a quick guide on choosing a forex broker with fast execution.

Is the broker well-regulated?

Trading with a regulated broker is essential to receive the fast execution speeds claimed by a broker. This is because a regulated broker is subject to strict rules and laws that govern their transparency, handling of client capital, and execution policy.

Regulated brokers must follow a ‘best execution policy’ to ensure there are no conflicts with the routing of your orders and that they must offer the best possible price. However, not all regulated brokers are equal.

In our broker rating reviews, we categorize regulators into three tiers:

• Tier 1 regulators include well-known financial authorities like the FCA, CySEC, ASIC, IIROC, etc., operating in established financial jurisdictions.
• Tier 2 regulators operate in reputable financial regions but may be less widely recognized, such as the DFSA, FMA, FSCA, etc.
• Tier 3 regulators are often based in offshore countries and include entities like the VFSC, BVI FSC, SCB, etc.

Ideally, it is best to trade with a Tier-1 regulated broker as it offers additional safeguards. For example, the UK FCA, CySEC, and IIROC offer compensation schemes to protect your capital in the event of a broker default. Additionally, Tier-1 regulators enforce the segregation of client funds from company funds and ensure a negative balance protection for retail traders.

Unregulated brokers do not have the same oversight or rules to follow. They could claim fast execution speeds but decide to slow your execution down to benefit themselves. If an unregulated broker acts fraudulently, no legal recourse is available.

Check out our guide on Best regulated forex brokers.

Are the fees transparent and competitive?

Understanding the broker’s fees is crucial for success. After all, having fast execution is all well and good, but if the broker takes most of your profit, it negates the benefit. Here are several fees to keep in mind:

• Spread: The difference between the buy and sell prices. Discover Best zero spread forex brokers.
• Commission: A fee charged for buying or selling.
• Overnight or swap fee: The cost of holding leveraged or margined positions overnight. Find Best low swap fees brokers.
• Payments: Fees related to depositing or withdrawing funds.
• Inactivity: A charge if no trading activity has occurred for a certain number of months.

To learn more about a broker’s fee structure, examine the account or fee section on their website or reach out to customer support.

What account type is best suitable for fast execution trading?

For fast execution trading, focusing on the account type primarily, you have two broad categories to consider: commission-based accounts and spread-based accounts. Each has its own advantages for traders prioritizing speed and cost efficiency:

Commission-Based Accounts

• ECN Accounts: Ideal for traders looking for fast execution speeds. These accounts usually offer raw spreads received from liquidity providers, with the broker charging a fixed commission per trade. This setup is preferred for high-frequency trading (HFT) and scalping since it provides transparency and minimal spread costs, allowing traders to take advantage of small price movements.
• Direct Market Access (DMA) Accounts: Similar to ECN, DMA accounts offer direct access to the market’s liquidity, allowing for fast execution speeds. They are commission-based, ensuring traders get the best possible spreads directly from the market, with the broker only charging a commission.

Read more about Best STP forex brokers and Best ECN forex brokers.

Spread-Based Accounts

• Standard Accounts: These accounts do not charge a direct commission but incorporate the broker’s fees into the spread. While this might seem advantageous for simplicity, the spreads can be wider compared to ECN or DMA accounts, potentially impacting fast execution strategies that rely on tight spreads.
• Fixed Spread Accounts: Offering fixed spreads, these accounts can be beneficial for traders who prefer predictability in trading costs. However, the speed of execution might not be as optimal as with ECN or DMA accounts, and the fixed spreads might be higher than the raw spreads available in the market.

When choosing between these account types for fast execution trading, consider your trading strategy’s specifics. ECN or DMA commission-based accounts are generally better suited for strategies that require fast, efficient execution and benefit from low spreads, such as scalping or high-frequency trading. On the other hand, spread-based accounts might be more suitable for traders who prefer a simpler cost structure and do not rely heavily on fast execution speeds.

Discover Best managed forex accounts and Best high-volume forex accounts.

How much leverage to use for fast execution trading?

Leverage enables the control of a larger position size with a relatively small deposit. For instance, a leverage ratio of 1:30 allows you to initiate a position valued at $30 by using just $1 of your capital, granting control over a position thirty times the size of your deposit.

Leading regulatory bodies like the FCA, CySEC, ASIC, and IIROC have set a cap on retail trading leverage at 1:30 for forex pairs. Nevertheless, certain offshore brokers may provide higher leverage of up to 1:500 or more.

Check out our list of Best high-leverage forex brokers.

It is important to understand that leverage amplifies both profits and losses. Since your profit and loss are calculated on the total trade value, your broker might trigger a margin call if your account lacks the necessary capital to sustain the larger position. In such a scenario, your broker will automatically close your trades, potentially resulting in unforeseen losses.

What trading platforms are available?

The choice of trading platform is critical for fast-execution trading due to the need for speed, reliability, and the availability of advanced trading tools. Here are some of the most suited platforms for this type of trading:

• MetaTrader 4 offers a reliable platform featuring real-time charts, advanced order tickets, diverse timeframes, integrated technical analysis indicators, and drawing tools. Explore Best MT4 brokers.
• MetaTrader 5 represents an upgraded version of MT4, providing a broader range of execution styles, order types, timeframes, and indicators. Discover Best MT5 brokers.
• cTrader, designed for high-frequency trading and scalpers, is a platform tailored specifically for algorithmic traders. Read more about Best cTrader forex brokers.
• TradingView is a web-based social trading platform equipped with advanced charting and research features spanning global asset classes. Check out our picks of Best TradingView forex brokers.
• NinjaTrader is a platform designed exclusively for futures trading and offers a fully customizable setup.
• In-House Proprietary Software: Some brokers create their own custom platforms, incorporating additional features that are different from third-party platforms.

In my 15 years of trading experience, I’ve found brokers offering platforms accessible across various devices to be more favorable. This flexibility allows me to access my trading account via desktop, laptop, or mobile devices as needed.

I also recommend using a demo account before funding real money. It allows users to test the trading platform across devices and find the one that best suits their preferences.

What to avoid when choosing a fast execution forex broker?

When considering a forex broker for fast execution trading, be cautious of the following:

• Unregulated Brokers: Trading with an unregulated broker carries significant risks. In case of fraudulent activities, there are no safeguards in place to assist in recovering lost or stolen funds.
• Lack of Transparency: Difficulty understanding and verifying a broker’s regulatory status, trading fees, and terms indicates a lack of transparency. A reputable broker prioritizes transparency, ensuring you understand the safety of trading with them and the competitiveness of their fees.
• No Physical Presence: Brokers lacking a physical office and staff in reputable regions raise red flags. Trustworthy brokers typically maintain offices in well-known financial regions and employ a substantial workforce to manage operations and support your trading activities.
• Unrealistic Profit Promises: Brokers making exaggerated and unrealistic promises of significant profits engage in dishonest practices. It’s essential to recognize that all trading involves risks. Any guarantees of profits should be viewed as fraudulent.

How to avoid forex and CFD scams?

Follow these guidelines to avoid falling victim to forex and CFD scams:

• Only trade with regulated brokers overseen by top-tier financial authorities.
• Ensure the broker has a physical office in a region governed by a robust regulatory framework.
• Contact customer support to ensure live, real-time help from knowledgeable and supportive client service agents.
• Perform a reputation check by exploring online news articles and broker reviews.
• Only use payment methods you have heard of and trust.
• Always read the terms and conditions before committing.

Our Methodology

To identify the best forex brokers with fast execution, we evaluated brokers using our proprietary rating system, which analyzes 250 data points across nine core categories:

• Trustworthiness: We verify the brokers’ authorizations and licenses by the respective country’s regulatory body.
• Fees: We evaluate trading fees by opening live trading accounts and comparing them to the industry average.
• Trading platform and tools: We test the trading platforms to examine the range of features and their user-friendliness.
• Tradable instruments: We identify the number of tradable instruments to ensure a diverse range of asset classes are available.
• Customer support: We engage with the customer support team to test the ease of access, knowledge, and helpfulness.
• Payment methods: We examine the available deposit and withdrawal methods and their associated fees and processing times.
• Account types: We investigate the features and benefits of each account type, including execution method, minimum deposits, and more.
• Research and education: We assess the quality of the broker’s research and educational materials.

For this guide, we also confirmed that each broker offers fast execution when compared to the industry average, as well as deep liquidity from the interbank market. We also ensured that the broker’s proprietary or third-party platforms cater to short-term, high-frequency trading to facilitate fast trading execution.

Meet Our Writers

The team of forex and CFD writers and editors at FX Empire is composed of trading industry professionals and seasoned financial journalists. Our writers have been published on leading financial websites such as Investopedia and Forbes. In addition, they all have extensive trading experience.

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