My broker says execution is as fast as my internet connection and fills are based on market conditions...what does this mean? - Forex Questions and Answers - FXAnswer

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My broker says execution is as fast as my internet connection and fills are based on market conditions...what does this mean?

My broker said execution is as fast as my internet connection and fills are based on market conditions...what does this mean? Thanks!

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In Forex Brokers
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- thegreeks
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1 year ago

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-1 Votes The is a standard answer from the broker for question related to their operation to match and settle the order from the clients. Most client will happily accept this answer as they normally do not notise significant difference at their end. I do not accept this answer in full. They shall explain what is done at the broker side whenever an order is received, record, queue, match, and response etc. All these processes take time, even though it is in split second. The broker has enough room to manipulate the price with high speed computer if they intended to do so. This situation most commonly seen when the news released. by certicex 1 year ago by certicex 1 year ago
0 Votes This means your price is what you click and speed of your internet connection plays a vital role. by Suneetha 1 year ago by Suneetha 1 year ago
0 Votes it means your click is your price by Steve 1 year ago by Steve 1 year ago
0 Votes Partially true; I have a two (2) internet connections, as I take this business seriously. I have up to 24 Mbps, which is faster than 99.9% of the retail traders, and a redundant 6 Mbps connection. No wireless connection, straight mother board interface (most new MBs put duel ethernet connections into each MB...I have 4, 2 CPU's running mirrors. Needless to say, execution by any brocker during news is always going to get you in at the "worst" entry point. Market fills, are subject to many variables, brokers tend to blame your IP as this is near impossible to prove in the court of law. by Tyce 1 year ago by Tyce 1 year ago
0 Votes This means that depending on market conditions, you order will be filled at the best price available. For example, just because you meant to fill in a short EURUSD order at 1.2000 doesn't mean that's the price that you're order will get filled. If price action is choppy and there is a lot of volatility, you might get triggered at 1.2005, or 1.2010. Also, if there is thin liquidity, the spread between the bid and asks price may get wider. Just keep this in mind when you are trading by Harold 1 year ago by Harold 1 year ago
0 Votes The is a standard answer from the broker for question related to their operation to match and settle the order from the clients. Most client will happily accept this answer as they normally do not notise significant difference at their end. I do not accept this answer in full. They shall explain what is done at the broker side whenever an order is received, record, queue, match, and response etc. All these processes take time, even though it is in split second. The broker has enough room to manipulate the price with high speed computer if they intended to do so. This situation most commonly seen when the news released. by Kingpin 1 year ago by Kingpin 1 year ago
0 Votes You can trade as fast as your internet speed and subject to liquility and price of the market condition. by Warren 1 year ago by Warren 1 year ago
0 Votes They mean that you will get filled according to your internet speed and it will be at market price. by RPT 1 year ago by RPT 1 year ago

-1

Votes

The is a standard answer from the broker for question related to their operation to match and settle the order from the clients.

Most client will happily accept this answer as they normally do not notise significant difference at their end.

I do not accept this answer in full.

They shall explain what is done at the broker side whenever an order is received, record, queue, match, and response etc. All these processes take time, even though it is in split second. The broker has enough room to manipulate the price with high speed computer if they intended to do so.

This situation most commonly seen when the news released.

certicex

1 year ago

Votes

This means your price is what you click and speed of your internet connection plays a vital role.

Suneetha

1 year ago

Votes

it means your click is your price

Steve

1 year ago

Votes

Partially true;

I have a two (2) internet connections, as I take this business seriously.

I have up to 24 Mbps, which is faster than 99.9% of the retail traders, and a redundant 6 Mbps connection. No wireless connection, straight mother board interface (most new MBs put duel ethernet connections into each MB...I have 4, 2 CPU's running mirrors.

Needless to say, execution by any brocker during news is always going to get you in at the "worst" entry point.

Market fills, are subject to many variables, brokers tend to blame your IP as this is near impossible to prove in the court of law.

Tyce

1 year ago

Votes

This means that depending on market conditions, you order will be filled at the best price available. For example, just because you meant to fill in a short EURUSD order at 1.2000 doesn't mean that's the price that you're order will get filled. If price action is choppy and there is a lot of volatility, you might get triggered at 1.2005, or 1.2010. Also, if there is thin liquidity, the spread between the bid and asks price may get wider. Just keep this in mind when you are trading