Compare Market Execution Brokers

Looking for market execution brokers? We have compared 24 broker accounts (out of 147) that are suitable for you below.

We found 24 broker accounts (out of 147) that are suitable for Market Execution.

  • FILTER
IG

Spreads From

EURUSD 0.6 pips See all spreads

What can you trade?

  • Forex
  • Cryptocurrencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About IG

  • Regulated by: Financial Conduct Authority and ASIC.
  • Used by 195,000+ traders.
  • Established in 1974 HQ in UK.

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

Open a demo account

See Deal

74% of retail investor accounts lose money when trading spread bets and CFDs with this provider

Read our in-depth IG review

Account type
EUR/USD Spread From
Commission
Execution
Min. Deposit
CFD
0.6
Fixed Spreads
Yes on share CFDs
STP
$250
Spread Betting
0.6
Fixed Spreads
None
STP
$250
Share Dealing
None
Fixed Spreads
£5
DMA
$250
Forex.com

Spreads From

EURUSD 1.0 pips See all spreads

What can you trade?

  • Forex
  • Cryptocurrencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About Forex.com

  • Regulated by: Financial Conduct Authority.
  • Established in 1999 HQ in United States.

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

Open a demo account

See Deal

70% of retail investor accounts lose money when trading CFDs with this provider

Read our in-depth Forex.com review

Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.

The Ultimate Guide to

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

Market 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.

Instant Execution

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

Pros

  1. Usually orders will be filled within a fraction of a second.

  2. No requotes, even during highly volatile market conditions.

  3. Guarantee that orders will be filled at best available market price.

  4. Positive slippage – the chance of getting a better price for the executed order than the price expected.

  5. A trading account which offers market execution typically comes with variable spreads and low commission.

Cons

  1. Slippage is common in market execution and this can often be negative.

  2. Sometimes there will be a significant deviation from the desired entry level due to high market volatility.

  3. Stop loss and take profit levels need to be set after the execution of the trade.

Pros and Cons of Instant Execution

Pros

  1. Trading costs are fixed as a fixed spread trading account is usually offered.

  2. Predefined stop loss and take profit levels can be set during trade execution.

  3. Orders can be cancelled when faced with disagreeable requotes.

Cons

  1. Orders are filled with a significant delay.

  2. There is no guarantee that orders will be executed in the market, at best market price.

  3. 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.

Conclusion

Before selecting a broker, traders should ensure that they provide a transparent execution policy, and select one that most suits their trading style.

Why Choose IG
For Market Execution?

IG scored best in our review of the top brokers for market execution, which takes into account 120+ factors across eight categories. Here are some areas where IG scored highly in:

  • 44+ years in business
  • Offers 10,000+ instruments
  • A range of platform inc. MT4, Mac, Web Trader, L2 Dealer, Tablet & Mobile apps
  • 24/7 customer service
  • Tight spreads from 0.60pips
  • Used by 195,000+ traders.
  • Offers demo account
  • 4 languages

IG offers four ways to tradeForex, CFDs, Spread Betting, Share dealing. If you wanted to trade EURUSD

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.

IG have a AAA trust score. This is largely down to them being regulated by Financial Conduct Authority and ASIC, segregating client funds, being segregating client funds, being established for over 44

Trust Score comparison

IG Forex.com
Trust Score AAA AAA
Established in 1974 1999
Regulated by Financial Conduct Authority and ASIC Financial Conduct Authority
Uses tier 1 banks
Company Type Private
Segregates client funds

A Comparison of IG vs. Forex.com


Want to see how IG stacks up against Forex.com? We’ve compared their spreads, features, and key information below.



Spread & fee comparsion

The 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.
IG Forex.com
Fixed Spreads
Variable Spreads
EUR/USD Spread 0.60 1.00
GBP/USD Spread 0.9 0.9
USD/CAD Spread 1.7 0.9
USD/JPY Spread 0.70 0.90
DAX Spread 1.0 250.0
FTSE 100 Spread 1.0 150.0
S&P500 Spread 0.4 50.0

Comparison of account & trading features

IG Forex.com
Platform MT4, Mac, Web Trader, L2 Dealer, Tablet & Mobile apps MT4, Web Trader, NinjaTrader, Tablet & Mobile apps
Services Forex, CFDs, Spread Betting, Share dealing Forex
Base currency options USD, GBP, EUR, CHF, JPY, SGD, AUD USD, GBP, EUR
Funding options Payoneer, Credit cards, Bank transfer, PayPal, MasterCard, BPAY, DebitCard, Bank transfer, Cheque, DebitCard,
Micro account
ECN account

Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.