Broker with fast order execution time | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Which broker has fast execution and high leverage 17 replies

Looking for an ECN Broker with low spread & fast execution 10 replies

NDD execution with no requotes or ECN execution with no requote 30 replies

broker with low spreads + fast execution 5 replies

MT4 Order Type: "Instant Execution" vs "Market Execution" 2 replies

Attachments: Broker with fast order execution time
Exit Attachments

Broker with fast order execution time

  • #1
  • First Post: Nov 20, 2009 8:19am Nov 20, 2009 8:19am
Hi guys.

Just wanted to ask if you know the brokers with the fastest order execution time. I have a live account with FXCH and its execution time is really slow.

Thanks for any help.
  • #2
  • Nov 23, 2009 11:18am Nov 23, 2009 11:18am
Hey Neilb,

Great question-- we believe stats like this should be more fully disclosed by brokers. We publish our execution time as well as server uptime and spreads by session each week. The execution times we publish are through our multi-bank execution. Check them out here: http://www.ibfx.com/dashboard/performance.aspx (bottom of page).

Happy Trading!

Abigail (Interbank FX)

  • #3
  • Nov 23, 2009 1:01pm Nov 23, 2009 1:01pm
HeHe Execution times with Interbank have been a joke! I have been with them for about 1-1/2 years now and have not had many issues with them until the last week or so.

I have a had more then a few instances where I would go to get out of a trade and it would just hang and twice never even processing the exit period. I find it funny this only happens when I am in profit, and I try to exit, only to get my exit when I am in the negative. They never seem to have a problem when I want to exit (in profit) when the trade continues to go that trades way after I hit exit trade.

Also the Re-quotes have dramatically increased as well.

I am not one to complain about my broker. But the last week or so has been very frustrating.

SO I find it comical that an IBFX rep is talking about great performance. In the past, I have not had too much of an issue, but the last week as made me start to think about a different broker.

Lohad
  • #4
  • Nov 23, 2009 1:08pm Nov 23, 2009 1:08pm
You do know that reqoutes can happen if you're trying to exit when the market is moving in the opposite direction? Of course you'll never get requotes when the market is moving in your direction..
  • #5
  • Nov 23, 2009 1:08pm Nov 23, 2009 1:08pm
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
Quoting IBFX
Hey Neilb,

Great question-- we believe stats like this should be more fully disclosed by brokers. We publish our execution time as well as server uptime and spreads by session each week. The execution times we publish are through our multi-bank execution. Check them out here: http://www.ibfx.com/dashboard/performance.aspx (bottom of page).

Happy Trading!

Abigail (Interbank FX)

With execution time never faster than 400ms you are among the slowest in the FX industry, thats for sure
  • #6
  • Nov 23, 2009 1:53pm Nov 23, 2009 1:53pm
Quoting IBFX
Hey Neilb,

Great question-- we believe stats like this should be more fully disclosed by brokers. We publish our execution time as well as server uptime and spreads by session each week. The execution times we publish are through our multi-bank execution. Check them out here: http://www.ibfx.com/dashboard/performance.aspx (bottom of page).

Happy Trading!

Abigail (Interbank FX)

In addition to above comments, it's also just common sense to disregard info of this sort from the broker themselves. If their execution sucks for example, it's hardly in their best interests to let you know that, and if their "data" shows great execution, it's probably an exaggeration of reality.

To the thread starter, if you want truly valid answers to this question, I'd encourage you to listen only to what traders with live accounts have to say. For what it's worth, I did have a live accout with IBFX, and would say execution was average. Not as bad as the worst on the planet (MIG), but certainly not the best either...FYI.

You might look at FXDD; execution pretty good there, although around news it's not as good, but that's kind of the norm nowadays anyway...
  • #7
  • Nov 23, 2009 2:10pm Nov 23, 2009 2:10pm
Fastest I've ever seen is with my live Advanced Markets a.k.a. amifx account. Just can't get any faster, period.
  • #8
  • Nov 24, 2009 1:30am Nov 24, 2009 1:30am
Quoting DubaiTrader
You do know that reqoutes can happen if you're trying to exit when the market is moving in the opposite direction? Of course you'll never get requotes when the market is moving in your direction..
I am just saying it has been worse as of late.

Lohad
  • #9
  • Nov 24, 2009 5:56pm Nov 24, 2009 5:56pm
Hi All,

Regarding our data, as an NFA regulated company, any information published by Interbank FX must be substantiated and is audited by the NFA. Just wanted to clarify. Hope this helps alleviate confusion.

Lohad, please contact our customer support if you are having increased issues with rejection. Hopefully we can help you out with that.

Thanks Again,
Abigail (Interbank FX)
Ps- I'm the new PR and Social Media Person (working with Marilyn ~ she says hello!)
  • #10
  • Nov 24, 2009 6:27pm Nov 24, 2009 6:27pm
I have been with IBFX over 3 years and though I have some complaints most of the time it is good. They do have periods in which they go through requotes and that gets aggravating. I see they want you to call customer service but they cant do anything about how the code is written. IBFX has lowered their spreads which is nice but that also increases the requotes as price is moving so choose your poison. Since I know IBFX is monitoring this site, are they going to open an office overseas where we can hedge and have a higher leverage like other companies have done? Is that in the works? I will try to trade at 100:1 but if it affects my strategy too much and lowers profitability I will have to look at the several companies that are in Australia and Britain now.
  • #11
  • Nov 24, 2009 7:27pm Nov 24, 2009 7:27pm
Quoting IBFX
Hi All,

Regarding our data, as an NFA regulated company, any information published by Interbank FX must be substantiated and is audited by the NFA. Just wanted to clarify. Hope this helps alleviate confusion.

Lohad, please contact our customer support if you are having increased issues with rejection. Hopefully we can help you out with that.

Thanks Again,
Abigail (Interbank FX)
Ps- I'm the new PR and Social Media Person (working with Marilyn ~ she says hello!)
Well I'll just repeat my earlier comment: traders should disregard information of this nature published by brokers. They have a vested interest in making themselves look good, especially to the newbies. Even if this data is substantiated by the NFA, does that really tell us anything? For all we know, data that looks bad is never "published" at all. IBFX has every reason to only publish the attractive data and leave the bad stuff swept under the rug.

My point (which was written primarily for the sake of newbies that may not know better), is that they should trust other traders with live experience rather than a PR person from the broker. Other traders have no vested interest/agenda re. where someone else opens an account. Although I appreciate Abigail above registering her comments, as an IBFX employee she obviously has an agenda. Nothing necessarily wrong with that, but again, newbies need to be hearing traders' perspectives rather than a broker's talking points.
  • #12
  • Nov 24, 2009 7:44pm Nov 24, 2009 7:44pm
OK, I don't have a lot of different br0kers to compare to, but I trade with Oanda, and their execution time seems instantaneous to me. I click it, and Way Faster than I can blink..... the trade is on my screen. No re-quotes as they are Straight Through Processing.

I do market orders and slippage is nearly non-existent. I don't see how you could get much faster.
  • #13
  • Edited 9:03am Nov 28, 2009 8:00am | Edited 9:03am
Quoting IBFX
Hey Neilb,
http://www.ibfx.com/dashboard/performance.aspx (bottom of page).
I just checked and it says the average execution time for the week was 0.972ms. Is this too good to be true?

http://www.ibfx.com/media/images/cus..._execution.png

How exactly is their execution duration calculated? The correct way would be to have the start time as the moment of receiving an order, and the end time as the moment of sending the acknowledgment back to the client's terminal.

I guess market maker brokers who do not pass the order straight into their liquidity providers would have low execution durations, because all the processing is done on the server, so it would just be a matter of server CPU. But has anyone actually ever experienced an execution time of < 1ms (after deducting round trip ping time)?

The ping time from my trading terminal in New York to the IBFX servers is 2ms, so I should then expect it to take less than 5ms from the time that my order is sent to IBFX from my terminal to the time that my terminal receives the execution result. But does expecting a full trade open process to take 5ms sound a bit ridiculous? Or should execution duration actually be this low in reality?

I don't trade at IBFX, but here's an excerpt of a log of one of my Expert Advisors trading live at FXDD, in which I have programmed to record execution durations:

Inserted Code
2009-11-24 05:35:14.830,Sending order
open #2085271020 buy 0.10 EURUSD at 1.4952 ok
2009-11-24 05:35:15.876,buy,[b]1.0s[/b],1.4952,1.4952,1.4952
2009-11-24 05:35:31.775,Sending order
open #2085271028 buy 0.10 EURUSD at 1.4951 ok
2009-11-24 05:35:32.260,buy,[b]0.5s[/b],1.4951,1.4951,1.4951
2009-11-24 08:00:52.477,Closing order
close #2085271020 buy 0.10 EURUSD at 1.4952 at price 1.4911
2009-11-24 08:00:55.959,close buy,[b]3.5s[/b],1.4911,1.4911,1.4911
2009-11-24 09:00:14.706,Closing order
close #2085271028 buy 0.10 EURUSD at 1.4951 at price 1.4925
2009-11-24 09:00:19.141,close buy,[b]4.4s[/b],1.4925,1.4925,1.4925
2009-11-24 09:00:19.204,Sending order
open #2085277581 sell 0.10 EURUSD at 1.4930 ok
2009-11-24 09:00:23.701,sell,[b]4.5s[/b],1.4930,1.4930,1.4930
2009-11-24 13:03:27.585,Closing order
close #2085277581 sell 0.10 EURUSD at 1.4930 at price 1.4979
2009-11-24 13:03:29.834,close sell,[b]2.3s[/b],1.4979,1.4979,1.4979
2009-11-24 13:15:02.033,Sending order
open #2085283385 buy 0.10 EURUSD at 1.4970 ok
2009-11-24 13:15:06.623,buy,[b]4.6s[/b],1.4970,1.4970,1.4970
2009-11-24 13:35:17.739,Closing order
close #2085283385 buy 0.10 EURUSD at 1.4970 at price 1.4966
2009-11-24 13:35:18.379,close buy,[b]0.6s[/b],1.4966,1.4966,1.4966
2009-11-24 14:03:37.173,Sending order
open #2085285123 sell 0.10 EURUSD at 1.4985 ok
2009-11-24 14:03:38.907,sell,[b]1.7s[/b],1.4985,1.4985,1.4985
2009-11-24 15:02:42.105,Closing order
close #2085285123 sell 0.10 EURUSD at 1.4985 at price 1.4958
2009-11-24 15:02:43.151,close sell,[b]1.0s[/b],1.4958,1.4958,1.4958
2009-11-24 15:05:04.367,Sending order
open #2085287495 sell 0.10 EURUSD at 1.4954 ok
2009-11-24 15:05:04.975,sell,[b]0.6s[/b],1.4954,1.4954,1.4954
The shortest execution time in the excerpt above is 0.5s. My ping time to FXDD is 1ms, so internet latency is negligible. Compare 500ms with IBFX's claim of 0.972ms. So is IBFX over 500 times faster in executing orders?

Or is there an error on IBFX's part in the units used in the chart? Should it actually be 972ms and not 0.972ms? Looking at the column chart, Monday to Friday have values that are around 0.5.

People seem to think that a 1s execution duration is good, but can anyone explain why execution should take that long in the first place? What's going on in the MetaTrader server?
Attached Image
  • #14
  • Nov 28, 2009 8:47am Nov 28, 2009 8:47am
maybe they bought the bostontech plug-in? i am waiting for this broker to be "fined"-lol , for the tenth time before declaring IBFX a scam.Or better yet-expose my personal profile over the internet for all those identity thieves to grab hold of? either way i win-LOL-NOT!
FF = Forex Faggots
  • #15
  • Nov 29, 2009 5:05am Nov 29, 2009 5:05am
Fastest execution speed is useless if you cant withdraw your profit out especially your deposits.

People wanting "fast execution speed" are 90% news traders. You should better invest more of your time checking/knowing if these so called fast execution brokers would even pay up for your profits before even considering fast execution speed.

As for IBFX, i'd consider them "a little above average" in terms of speed. Not fast but at least decent even compared to FXDD. And yes, i had live accounts with them to make this comments .

The reason why execution speed is slow with MT4 platform is because of the myriad "anti-trader" plugins available that are meant to screw traders from the get-go. Ever heard of Virtual Deal Desk plugin? At MT4, broker can artificially slow execution to specific accounts to the point it will screw your mentality. Forex Trading after all is basically gambling and by ruining your tempo, it ruins your winning chance.

No Deal Desk, Straight Through Processing, true ECN MT4s ya right.. suck my ass crap MT4s brokers.. Of course there are a handle of legit MT4 brokers that allow whatever/however,whichever way you trade and make profits. finding them is gonna be your luck. Me? I've divested my FX accounts out of these MT4 bucketshops..
  • #16
  • Dec 1, 2009 10:31am Dec 1, 2009 10:31am
Wise Man BK

Quoting BurgerKing
Fastest execution speed is useless if you cant withdraw your profit out especially your deposits.

People wanting "fast execution speed" are 90% news traders. You should better invest more of your time checking/knowing if these so called fast execution brokers would even pay up for your profits before even considering fast execution speed.

As for IBFX, i'd consider them "a little above average" in terms of speed. Not fast but at least decent even compared to FXDD. And yes, i had live accounts with them to make this comments .

The reason why...
Charting Markets into the Future...MǎҖ€¥.
  • #17
  • Dec 11, 2009 4:13am Dec 11, 2009 4:13am
Quoting BurgerKing
Fastest execution speed is useless if you cant withdraw your profit out especially your deposits.

People wanting "fast execution speed" are 90% news traders. You should better invest more of your time checking/knowing if these so called fast execution brokers would even pay up for your profits before even considering fast execution speed.

As for IBFX, i'd consider them "a little above average" in terms of speed. Not fast but at least decent even compared to FXDD. And yes, i had live accounts with them to make this comments .

The reason why...
Just to acquire some knowledge from your experiences, can you tell us which forex brokers you are now with and is satisfied? Thanks.
  • #18
  • Dec 12, 2009 1:36am Dec 12, 2009 1:36am


Quoting Hyper
I just checked and it says the average execution time for the week was 0.972ms. Is this too good to be true?

http://www.ibfx.com/media/images/cus..._execution.png

How exactly is their execution duration calculated? The correct way would be to have the start time as the moment of receiving an order, and the end time as the moment of sending the acknowledgment back to the client's terminal.

I guess market maker brokers who do not pass the order straight into their liquidity providers would have low execution durations,...
Charting Markets into the Future...MǎҖ€¥.
  • #19
  • Dec 12, 2009 3:12am Dec 12, 2009 3:12am
If an order is not executed within a millisecond, close the account.
Period.
With the formular
http://www.100forexbrokers.com/fx/broker_search.php
you can find brokers with 1-click-execution.


Beware: Some MT-brokers give you instant excecution only on a demo-account, but not on a live account.
/ ... clarifying decisions ... /
  • #20
  • Dec 13, 2009 1:39am Dec 13, 2009 1:39am
I use Oanda, which is instant execution for me. However, I trade on a mini-account 50:1 with orders that are under 200 units most times.

Gold, I trade at 1-2 units.
Silver, I trade at 1-50 units.
GBP, I trade at 10-200 units.
EUR, I trade at 10-200 units.

That is mostly the limit of my trades, as the rest are not profitable to me. I have traded NZD, AUD, and CAD, but that is only for use as a hedge buffer.

It would be nice if they would indicate if these were "paper trades", or "brokered trades". It would be even better if they had a separate spread which was based off volume too. Showing you what is available, at the requested volume you are about to submit. (That would demand that you have a volume entered, or assume 1% of your available margin when no volume is stated.)

Just because a bank has XXX units available, at a set price, does not translate into those units being consumable. (Personally, I don't think banks should list any volumes unless they are willing to let them go for that price. Once they are in the system, they have to be purged or sold. Purging being limited to 1% removal per second, keeping them in the system until all counterparts indicate they are removed. Just like e-bay... if you never had the intention of selling it for that price, don't allow it to be listed, it is not worth that price if you are not willing to part with it for that price. However, they can say they have a million at $1.00, and not sell one if they don't want to.)
0 traders viewing now