Compare Brokers Execution Speed
When you start trading, it’s important to know how quickly brokers can complete your buy or sell orders. This speed, known as execution speed, can affect your trading success.
What Is Broker Execution Speed?
Broker execution speed is the time it takes for a broker to process your order and complete the trade. Faster execution can help you get the price you want, especially in fast-moving markets.
Types of Broker Execution Speeds
Execution speeds can vary based on several factors:
1. Instant Execution
- How It Works: The broker offers a set price. You agree to this price, and the trade happens immediately.
- Pros: You know the exact price of your trade.
- Cons: In busy markets, the broker might not be able to keep the promised price.
2. Market Execution
- How It Works: Your order is filled at the current market price, which might change quickly.
- Pros: Trades are completed without delays.
- Cons: The price might be different from what you expected due to rapid market changes.
Comparing 50 Brokers
Choosing a broker with fast execution speeds is crucial. Here’s a comparison of 50 reputable brokers, focusing on their regulation and average execution speeds:
| Broker | Country Regulation | Average Execution Speed |
|---|---|---|
| NinjaTrader | USA (NFA, CFTC) | Not specified |
| IC Markets | Australia (ASIC) | Under 40 milliseconds |
| FP Markets | Australia (ASIC) | Under 50 milliseconds |
| Pepperstone | Australia (ASIC) | 30-60 milliseconds |
| Forex.com | USA (CFTC, NFA) | 60 milliseconds |
| XTB | UK (FCA) | 201 milliseconds |
| City Index | UK (FCA) | 50 milliseconds |
| OANDA | USA (CFTC, NFA) | Under 50 milliseconds |
| BlackBull Markets | New Zealand (FMA) | Not specified |
| Vantage Markets | Australia (ASIC) | 100-250 milliseconds |
| Fidelity Investments | USA (SEC) | 40 milliseconds |
| Charles Schwab | USA (SEC) | Not specified |
| Interactive Brokers | USA (SEC) | Not specified |
| Robinhood | USA (SEC) | Not specified |
| E*TRADE | USA (SEC) | Not specified |
| Merrill Edge | USA (SEC) | Not specified |
| Vanguard Brokerage | USA (SEC) | Not specified |
| tastytrade | USA (SEC) | 0.08 seconds |
| Plus500 | UK (FCA) | Not specified |
| Webull | USA (SEC) | Not specified |
| Ally Invest | USA (SEC) | Not specified |
| TD Ameritrade | USA (SEC) | Not specified |
| TradeStation | USA (SEC) | Not specified |
| Oanda | USA (CFTC, NFA) | Under 50 milliseconds |
| IG | UK (FCA) | Not specified |
| eToro | UK (FCA) | Not specified |
| SoFi Active Investing | USA (SEC) | Not specified |
| Questrade | Canada (IIROC) | Not specified |
| Wealthsimple Trade | Canada (IIROC) | Not specified |
| Qtrade | Canada (IIROC) | Not specified |
| CIBC Investor’s Edge | Canada (IIROC) | Not specified |
| National Bank Direct Brokerage | Canada (IIROC) | Not specified |
| Saxo Bank | Denmark (FSA) | Not specified |
| DEGIRO | Netherlands (AFM) | Not specified |
| CMC Markets | UK (FCA) | Not specified |
| Admiral Markets | Estonia (EFSA) | Not specified |
| Capital.com | UK (FCA) | Under 32 milliseconds |
| AvaTrade | Ireland (Central Bank of Ireland) | Not specified |
| Libertex | Cyprus (CySEC) | Not specified |
| Swissquote | Switzerland (FINMA) | Not specified |
| Just2Trade | Cyprus (CySEC) | Not specified |
| FxPro | UK (FCA) | Not specified |
| HYCM | UK (FCA) | Not specified |
| OctaFX | Saint Vincent and the Grenadines (FSA) | Not specified |
| HotForex | Cyprus (CySEC) | Not specified |
| FBS | Belize (IFSC) | Not specified |
| Exness | Seychelles (FSA) | Not specified |
| IC Markets | Australia (ASIC) | Under 40 milliseconds |
| FXTM | Cyprus (CySEC) | Not specified |
| Forex.com | USA (CFTC, NFA) | 60 milliseconds |
| NAGA | Cyprus (CySEC) | Not specified |
| Tickmill | Seychelles (FSA) | Not specified |
| FXChoice | Belize (IFSC) | Not specified |
| Trade360 | Cyprus (CySEC) | Not specified |
| GO Markets | Australia (ASIC) | Not specified |
Note: Execution speed may vary depending on account type and trading platform. Always verify with the broker’s website for the latest information.
Final Thoughts
Understanding broker execution speed is key to successful trading. Faster execution can help you get better prices and reduce unexpected changes. When choosing a broker, consider their execution speed and ensure they’re regulated in your country. This knowledge will help you make smart trading decisions.