FXtrader2010 posted: broker doesn't control slippage! Unless they a market market, then you will receive little to no slippage.
There is always sllipage in execution. You client application - MT4 is sending the trades to broker server which is usually located in New York. Based on the Internet connectivity it takes always some time. So e.g. it takes seconds to close 100 postitions. During these second markets can move against you or in your favor.
Sure, there is always some slippage, either positive or negative. But only true ECN brokers will pass the positive slippage to clients. Non-ECN brokers will always keep it for themselves. Hopefully we will all agree that there can be diff average slippage under various brokers. I can show you my stats I have and you would see some brokers have tendency to slip more then others. You would be actually surprised how big slippage some 'reputable' brokers might have. Slippage can not be controlled directly by broker, however it's important how good and how many LPs (liquidity providers) your broker have to execute your orders as best as possible.
My offers: FXCM $4.99/RT, Pepperstone Razor AUD$6/RT, VantageFX $4.30/RT, ICMarkets AUD$5.50/RT - no mark-up spread or slippage!
Well, only regulated Forex brokers are able to provide first class live trading environment with enough security! But you may face this kind of technical problem if you use market maker broker who are mainly non-regulated! So, if you face slippage issue, that means you are using a market maker broker! Of course, market maker brokers are scammers!
I do not believe will find FX broker offering execution without slippage.
Putting aside some pure market events and also, trading volumes, time of trades, liquidity, TOP, DOM and etc., the brokers does not offer any more such type of executions - even market makers, because instant mode of execution (MT4 terminals) is not in use anymore.
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