What brokers have no slippage? | Forex Factory

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What brokers have no slippage?

  • #1
  • First Post: Jul 3, 2013 3:21am Jul 3, 2013 3:21am
during news events. or atleast a max slippage
  • #2
  • Jul 3, 2013 3:49am Jul 3, 2013 3:49am
Quoting justin7
during news events. or atleast a max slippage
Bucket shops.
  • #3
  • Jul 3, 2013 3:55am Jul 3, 2013 3:55am
surely some don't but some people probably won't say how to get around this while they reap in profits
  • #4
  • Jul 3, 2013 6:04am Jul 3, 2013 6:04am
Quoting justin7
during news events. or atleast a max slippage
In real market it is impossible, but with manipulated anything is possible...........
  • #5
  • Jul 3, 2013 11:59am Jul 3, 2013 11:59am
Quoting justin7
surely some don't but some people probably won't say how to get around this while they reap in profits
It's not possible with a real broker but it's not necessary to worry about unless you're trading quite large sums. During news is always a bad time to trade because spread is widened as liquidity drops. You have to think about how the exchange works in terms of the order book to understand why.
  • #6
  • Jul 3, 2013 3:03pm Jul 3, 2013 3:03pm
slop joints, the sort you can count on to screw you just about every damn time!
  • #7
  • Jul 3, 2013 11:36pm Jul 3, 2013 11:36pm
No broker without a virtual market (i.e. market makers) can offer NO SLIPPAGE, it's impossible! You need to understand the difference between the two and make your decisions. Personally, mu choice is always STP, ECN, DMA, never market makers
  • #8
  • Jul 4, 2013 12:54am Jul 4, 2013 12:54am
I think there is no broker have NO slippage , which broker can assure they would close you trade corresponding with your SL, TP during special news?

Just find a regulated broker to trade like Fxpro, HotForex are enough for your trading.
  • #9
  • Jul 4, 2013 4:33am Jul 4, 2013 4:33am
you guys are so supportive *rolls eyes*
  • #10
  • Jul 4, 2013 1:21pm Jul 4, 2013 1:21pm
We are more than happy to lend a hand..LOL
  • #11
  • Jul 4, 2013 10:05pm Jul 4, 2013 10:05pm
Quoting justin7
you guys are so supportive *rolls eyes*
What else is there to be said? The only places that can realistically offer you no slippage are illegal betting shops. It's just how it works.
  • #12
  • Jul 5, 2013 12:03am Jul 5, 2013 12:03am
Quoting undergroundz
I think there is no broker have NO slippage , which broker can assure they would close you trade corresponding with your SL, TP during special news? Just find a regulated broker to trade like Fxpro, HotForex are enough for your trading.
How the hell will a regulation help you with slippage? A regulator is responsible to monitor the correct due diligence with money handling, NOT order execution!!
  • #13
  • Jul 5, 2013 1:00am Jul 5, 2013 1:00am
Quoting FXbMan
{quote} How the hell will a regulation help you with slippage? A regulator is responsible to monitor the correct due diligence with money handling, NOT order execution!!
In August 2011, the NFA fined FXCM $2M for slippage malpractices. How about that...
I'm not insane; my mother had me tested.
  • #14
  • Jul 5, 2013 6:21am Jul 5, 2013 6:21am
Quoting RoBiK
{quote} In August 2011, the NFA fined FXCM $2M for slippage malpractices. How about that...
NFA is one thing, the rest of the world is not really affected by that! MiFid wont get involved in trading complaints (or at least that's what I am lead to believe)
  • #15
  • Jul 15, 2013 7:48am Jul 15, 2013 7:48am
Ask me which broker has the slippage ?
  • #16
  • Jul 15, 2013 12:37pm Jul 15, 2013 12:37pm
Quoting RoBiK
{quote} In August 2011, the NFA fined FXCM $2M for slippage malpractices. How about that...
I think they were sad.. to lose 1 day profits..
  • #17
  • Jul 16, 2013 1:44am Jul 16, 2013 1:44am
Quoting DitterPD
I think they were sad.. to lose 1 day profits..
I think you need to work on your math. The reported Q1 2013 net income was 6.86M.
I'm not insane; my mother had me tested.
  • #18
  • Jul 16, 2013 3:28am Jul 16, 2013 3:28am
Quoting justin7
you guys are so supportive *rolls eyes*
hi justin,

slippage occurs in two places - entry and exit

for entry you can avoid it by placing deals at a fixed price, so if it slips you will not get filled and you will find this often in volatile times and very fustrating during normal times.

for exit you cannot avoid it in the real market, some brokers will give you fixed stops for either a wider spread or a guarantee fee, but in effect you are paying for them to take the risk. This will normally cost you at least 3 pips sometimes a lot more, and it will come with further restrictions about distance to current market price.

you have to remember that the real market does not have stops associated with your entry order, it just has another order that will be your stop (assuming your broker actually places your stop in the market and does not do it at time price is hit where you will get more slippage more often).
There is no guarantee that somebody is going to be ready to take the other side of your stop trade at the price you want, so the slippage will occur when the price jumps across your stop price absolutely no way to avoid this and in volatile moments the jumps will be bigger giving bigger slippage.
  • #19
  • Jul 16, 2013 11:58pm Jul 16, 2013 11:58pm
Quoting RoBiK
{quote} I think you need to work on your math. The reported Q1 2013 net income was 6.86M.
Ok, for almost 2 weeks.
  • #20
  • Jul 17, 2013 2:06am Jul 17, 2013 2:06am
Quoting DitterPD
Ok, for almost 2 weeks.
on your first try you were wrong by an order of magnitude... now with your second try you are off "only" by about a factor of 2... keep trying
I'm not insane; my mother had me tested.
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