STP broker which passes the client orders no requote forex factory to their liquidity providers. Experience superior technology that revolutionalizes no requote forex peace FX industry. Subscribe Stay on top of Forex market updates, Everyday. Subscribe to our Daily Market Insights!
NoaFX always strives to provide the best service to its clients, irrespective of their size or space. We create trading conditions that ensure the best environment for our clients. We ensure that you get the best of executions, and that all your trades get the best fills possible. To show that our strive for excellence isn’t just a play of words, we have decided to back it up with our performance monitored realtime, and being made public. These are the best methods to evaluate any forex broker and not many reveal such data. As these data are likely to reveal the truth about how trades are executed and how they are likely to affect the clients, most brokers do not reveal such information publicly. Once this is done, it basically guarantees that the trade is through and the price is fixed as well.
As you can see, the average speed of execution at the LP side is less than 10 ms and we endeavor to keep it this way, whether the trade is of 1 microlot or 10,000 standard lots. Below chart is the full trade execution time, which is basically the time taken from the time the trader submits the order to the time when the confirmation appears on screen. For the period starting from 1st March 2012, we endeavor to keep requotes to the minimum and strive towards a no-requotes policy. What more,we have managed to stick to it so far and will continue to do so in the future. The spread or cost of transaction! The chart below shows the average spread on each of the major currency pairs, measured on a daily basis.
You can also see that it remains constant on a daily basis and there is no spread widening done on purpose to make any unethical profits. Please be aware of making your trading choices based on exceptionally low spreads too. Extremely low spreads with poor execution speed or constant requites makes for difficult trading conditions as well. You may have a very low spread but when you cannot get filled or get slipped constantly, it isn’t a very effective trading platform either. In 2016 alone over 250,000 traders read over 18,500 forex broker reviews from our database and added almost 2,500 new ones.
It’s free and it helps to expose the scams, so other traders don’t fall in their traps. Forex Peace Army Services are FREEWe make money by displaying the advertisements, but we do not endorse any advertised product or service. Please make sure to read our reviews before giving your money to any company. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. We are committed to the fair handling of reviews and posts regardless of such relations. Basic Principles Before you proceed to study the trade functions of the platform, you must forex brokers no requote a clear understanding of the basic terms: order, deal and position.
There are two main types of orders: Market and Pending. In addition, there are special Take Profit and Stop Loss levels. A deal can be opened as a result of market order execution or pending order triggering. Note that in some cases, execution of an order can result in several deals. A long position is financial security bought expecting the security price go higher. A short position is an obligation to supply a security expecting the price will fall in future.
If there are no positions for a symbol, conclusion of a deal results in opening of a position. If there is a position for the symbol, the deal can increase or reduce the position volume, close the position or reverse it. Position Accounting System Two position accounting systems are supported in the trading platform: Netting and Hedging. The system used depends on the account and is set by the broker. If there is an open position for a symbol, executing a deal in the same direction increases the volume of this position. Hedging System With this system, you can have multiple open positions of one and the same symbol, including opposite positions. Your current position does not change.