Offers two ways to trade: Forex, CFDs
The Ultimate Guide to
Choosing a Broker
For Market Execution
Not sure which broker is right for you?
Don’t worry - we’ve got you covered. In this guide, you’ll learn:
- Why ATFX Global Markets scored high for market execution (Jump to section)
- Who ATFX Global Markets is (and isn’t) suitable for (Jump to section)
- An in-depth feature comparison of the top #3 brokers (Jump to section)
- An overview on market execution (Jump to section)
What is the Best Trading Platform
for Market Execution?
ATFX Global Markets scored best in our review of the top brokers for market execution, which takes into account 120+ factors across eight categories. Here's the full list of all the brokers we considered.
The following brokers allow market execution on their platform:
- ATFX Global Markets
Here are some areas where ATFX Global Markets scored highly in:
- 4+ years in business
- Offers 57+ instruments
- A range of platform inc. MT4, Mac, Web Trader, Tablet & Mobile apps
- 24/7 customer service
- Tight spreads from 0.5 pips
- Used by + traders
- Allows hedging
- 2 languages
- Leverage up to
ATFX Global Markets offers two ways to trade: Forex, CFDs. If you wanted to trade EURUSD through copy trading or other means, skip to part two.
The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.
ATFX Global Markets have a B trust score, which is low. This is largely down to them being regulated by CySEC, segregating client funds, being established for over 4 years, and much more. For comparison:
Trust Score comparsion
|ATFX Global Markets|
|Uses tier 1 banks|
|Segregates client funds|
The second thing we look for is the competitiveness of the spreads, and what fees they charge. We've compared these in detail in part three of this guide.
Who ATFX Global Markets is (& Isn’t)
As mentioned, ATFX Global Markets allows you to trade in two ways: Forex, CFDs.
- CFD Trading
- Forex Trading
To trade with ATFX Global Markets, you'll need a minimum deposit of $100. ATFX Global Markets offers a range of different account types for different traders including a micro account, mini account, and vip account.
ATFX Global Markets offer over 57 instruments to trade including forex pairs, indices, and many other asset classes. In the following section we’ve listed ATFX Global Markets’s spreads for a range of popular instruments. You can also see a more detailed breakdown of how ATFX Global Markets’s spreads compare in this ATFX Global Markets review
Finally, ATFX Global Markets isn't available in the following countries: DPRK, Canada, Iran, Japan, Brazil, Mexico, Turkey, Cuba, Sudan, Syria, USA, Bosnia and Herzegovina, Ethiopia, Iraq, Sri Lanka, Trinidad and Tobago, Tunisia, Vanuatu, Yemen.. They do not offer islamic accounts either.
A Comparison of ATFX Global Markets vs. vs.
Want to see how ATFX Global Markets stacks up against and ? We've compared their spreads, features, and key information below.
Spread & fee comparsionThe spreads below are illustrative. For more accurate pricing information, click on the names of the brokers at the top of the table to open their websites in a new tab.
|ATFX Global Markets|
|FTSE 100 Spread|
Comparison of account & trading features
|ATFX Global Markets|
|Accounts offered||Micro account, mini account, standard account, VIP account|
|Platforms||MT4, Mac, Web Trader, Tablet & Mobile apps|
|Risk management features||Limit order, take profit, entry order, one click trading, trailing stops, price alerts, limited risk account and negative balance protection|
|Funding methods||Credit cards, Bank transfer, American Express, MasterCard,|
What is Market Execution?
Trading financial instruments is more popular than ever. In the past, only large banks and institutions were able to trade the markets. But due to recent advancement in technology and the inauguration of high leverage trading accounts, retail traders have gained complete access to this industry. In order to be an active trader, it is essential to know that orders executed mainly in two different formats:
- Market execution
- Instant execution
In this type of execution, orders are filled at the next available market price without any requotes. Most of the ECN /STP brokers offer market execution for clients to ensure a dynamic trading environment. Many brokers offer the market execution model to their customers to ensure a trading environment without requotes.
When orders are processed by the broker’s price feed, it is known as instant execution. This type of execution is often offered by market-maker brokers, and requotes are common place. This means that if the desired price level is not available at the time of trade execution, then the broker will requote with the newly available price level.
Market Execution vs. Instant Execution
Both of these models are very popular amongst the retail traders, but there are pros and cons for the two systems. The market execution model gives clients a more fluid price, and the order is guaranteed to be filled at the best available market price at the time of execution. Most of the brokers charge a small commission and/or offer a variable spread trading account for this model. However, because prices are subject to continual fluctuations, this means that the order may not be filled at the price the client had initially requested, and significant slippage can be experienced at the entry and exit points. Sometimes the slippage might go in a trader’s favour, however negative slippage can jeopardise an entire trading plan.
Compared to market execution, the instant execution model can be much slower. Typically, it can take 1-3 seconds or more to confirm orders. During high levels of market volatility, the trader will receive repeated requotes to approve before the order can be placed, making it extremely difficult for a trade to be opened at the desired price. In many cases, the instant execution model is offered for fixed spread trading accounts. Wide spreads are an indicator of large broker fees, and there is no assurance that a trader will have access to the best available price feeds in the market.
Pros and Cons of Market Execution
Usually orders will be filled within a fraction of a second.
No requotes, even during highly volatile market conditions.
Guarantee that orders will be filled at best available market price.
Positive slippage – the chance of getting a better price for the executed order than the price expected.
A trading account which offers market execution typically comes with variable spreads and low commission.
Slippage is common in market execution and this can often be negative.
Sometimes there will be a significant deviation from the desired entry level due to high market volatility.
Stop loss and take profit levels need to be set after the execution of the trade.
Pros and Cons of Instant Execution
Trading costs are fixed as a fixed spread trading account is usually offered.
Predefined stop loss and take profit levels can be set during trade execution.
Orders can be cancelled when faced with disagreeable requotes.
Orders are filled with a significant delay.
There is no guarantee that orders will be executed in the market, at best market price.
Usually, the spreads are a little bit higher in this type of model.
Regulated Brokers Offering the Market Execution Model
After weighing up the pros and cons, retail traders may decide that the market execution model is best for trading live assets. It is essential when choosing a broker to select a regulated broker with a good reputation.
AvaTrade offer advanced order types based on the market execution model. They acknowledge that slippage may occur, but assure best execution at all times, and provide a fully transparent order execution policy which is available to download from their website. Alternatively, City Index offer a one click trading model based on the same principle of market execution.
Importance of Choosing a Regulated Broker
Trading with a regulated broker is crucial in order to ensure that deposits are safe and protected. Most regulated brokers also now offer negative balance protection to clients and work hard to develop their trading environments to ensure their client’s satisfaction. Above all, regulated brokers are accountable to their financial regulatory bodies for any problems with their services.
Before selecting a broker, traders should ensure that they provide a transparent execution policy, and select one that most suits their trading style.
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