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Top Brokers for Fast Execution in Forex Trading

By Christopher Lewis
Reviewer Adam Lemon
Fact-checker DailyForex.com Team
Christopher Lewis has been trading Forex and has over 20 years experience in financial markets. Chris has been a regular contributor to Daily Forex since the early days of the site. He writes about Forex for several online publications, including FX Empire, Investing.com, and his own site, aptly named The Trader Guy. Chris favours technical analysis methods to identify his trades and likes to trade equity indices and commodities as well as Forex. He favours a longer-term trading style, and his trades often last for days or weeks.

Adam Lemon began his role at DailyForex in 2013 when he was brought in as an in-house Chief Analyst. Adam trades Forex, stocks and other instruments in his own account. Adam believes that it is very possible for retail traders/investors to secure a positive return over time provided they limit their risks, follow trends, and persevere through short-term losing streaks – provided only reputable brokerages are used. He has previously worked within financial markets over a 12-year period, including 6 years with Merrill Lynch.

The DFX Team at DailyForex is a group of veteran financial analysts, traders, and brokerage industry experts dedicated to producing in-depth broker reviews and cutting-edge market insights, plus analysis of market trends. Holding over 16 years of experience in global financial markets, and 4 B.A. level academic qualifications in relevant degrees, we conduct thorough, unbiased evaluations of brokers to enable traders make informed decisions, using the most advanced methodology in the industry. Also, the DFX team is involved in generating technical analysis, signals, and trading strategies, with a consistent commitment to accuracy and transparency. Whether you’re a beginner or a professional trader, the DFX Team works to ensure you have the tools and insights you need to succeed as a trader in the retail CFD industry.

For over a decade, DailyForex has been the trusted forex broker authority, establishing an unrivaled reputation for rigorous research and journalistic integrity. With a methodology refined through years of industry experience, we empower traders to pick the brokers with the most competitive conditions like high leverage on assets ranging from crypto to stocks and forex. Discover more about our comprehensive review process and how we maintain transparency and impartiality here

Today’s Forex market moves in milliseconds, while algorithms handle 80%+ of the daily Forex turnover, exceeding $7 trillion. Therefore, Forex traders require ultra-fast order execution to ensure they can swiftly enter and exit trades at the prices their strategy identified. Fast execution Forex brokers maintain an NDD/STP/ECN execution, processing, and post-processing infrastructure, plus collocation with Equinix data centers in London, New York, and Tokyo. It ensures they can achieve order processing speeds between 20 and 75 milliseconds or faster, depending on the asset, time, and available liquidity.

75-95% of traders on margin lose
1
5.0/5
The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
An average order execution speed below 30 milliseconds
No minimum deposit & raw spread trading
2
4.8/5
The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
An average order execution speed below 75 milliseconds
No minimum deposit & competitively priced ECN accounts
3
4.6/5
The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
An average order execution speed of 50 milliseconds
A $100 minimum deposit requirement & DMA trading

  • Pepperstone, Great ECN execution on MT4/5, cTader, TradingView and Pepperstone proprietary platform.
  • BlackBull Markets, 1:500 maximum leverage with ultra-low trading fees and deep liquidity.
  • Forex.com, Excellent trading conditions + NFA regulation.

Pepperstone

In Summary Great ECN execution on MT4/5, cTader, TradingView and Pepperstone proprietary platform

I rank Pepperstone among the best fast-execution Forex brokers amid deep liquidity and NDD order execution. Traders get raw spreads from 0.0 pips for a commission of 7.00 per 1.0 standard round lot. The three-tier Active Trader Program offers discounts of $1, $2, and $3 per Forex standard lot, if traders execute up to 200 lots monthly, between 200 and 1,500 lots, and 1,500+ lots, respectively.

Pepperstone provides 24/5 low-latency Forex trading via VPS and API for advanced algorithmic traders. Traders receive a distinct competitive advantage, with the Capitalise AI MT4 plugin for algorithmic trading in a code-free environment.

Read more on Pepperstone »
5.0
Get Started
75-95% of traders on margin lose

Pros & Cons

  • Excellent choice of trading platforms consisting of MT4/MT5, cTrader, TreadingView and Pepperstone Platform
  • Market-leading MT4/MT5 upgrade package, Autochartist, and API trading
  • Social trading support via Signal Start, MetaTrader Signals, Copy Trading by Pepperstone, DupliTrade
  • Leverage of up to 1:400 depends on jurisdiction and superb trade execution
  • Demo accounts have 60-day time limits

BlackBull Markets

In Summary 1:500 maximum leverage with ultra-low trading fees and deep liquidity

BlackBull Markets offers institutional trading conditions featuring superb data feeds from 66+ third-party providers and deep liquidity. Traders get raw spreads from 0.0 pips, for a commission of $4.00 per 1.0 standard round lot on deposits above $20,000, or 0.01 pips, for a commission of $6.00 below $20,000. VPS hosting supports low-latency 24/5 Forex trading, and APIs allow advanced algorithmic traders to connect their solutions to the industry-leading BlackBull Markets infrastructure. Therefore, I rank BlackBull Markets among the best fast-execution Forex brokers.

Traders benefit from an industry-leading asset selection featuring 26,000+ assets and a choice of payment processors.

Read more on BlackBull Markets »

Pros & Cons

  • ECN/NDD execution model with deep liquidity
  • Institution-grade pricing for retail traders via proprietary price aggregation
  • ZuluTrade and Myfxbook for social trading
  • Leverage of up to 1:500
  • Limited deposit options

Forex.com

In Summary Excellent trading conditions + NFA regulation

Traders can use the algorithmic MT/MT5 trading platforms or opt for the well-designed Advanced Trading Platform, available as a desktop client and a web-based option. It supports algorithmic trading solutions, features 100+ templates, and a Development Studio using the C# coding language. The DMA account minimum trade size is $100K, and traders should deposit a minimum of $25,000, but DMA accounts feature trading fees 75% lower versus the commission-free alternative. It places Forex.com highly among the best fast-execution Forex brokers.

Forex.com also has an Active Trader Program, lowering commission to a minimum of $4.25 per 1.0 standard round lot.

Read more on Forex.com »

Pros & Cons

  • Lower minimum deposit
  • Islamic account available
  • Good reputation
  • Choice of account types
  • Withdrawal fee

Fast Execution in Forex Trading Comparison

Regulators
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCBFMA, FSAASIC, CFTC, CIMA, CySEC, FCA, FSA, IIROC, NFA
Year Established
201020142001
Execution Type(s)
No Dealing Desk, NDDECN/STP, No Dealing DeskMarket Maker
Minimum Deposit
$0
$0
$100
Average Trading Cost EUR/USD
1.1 pips1.3 pips1.1 pips
Average Trading Cost GBP/USD
1.4 pips2.0 pips1.3 pips
Average Trading Cost Gold
$0.15$0.90 $0.63
Trading Platform(s)
Other, MetaTrader 4, MetaTrader 5, cTrader, Proprietary platform, Trading View+MetaTrader 4, MetaTrader 5, cTrader, Trading ViewMetaTrader 4, MetaTrader 5, Proprietary platform, Trading View
Islamic Account
Negative Balance Protection
N/A

What to Look for When Selecting a Broker with Fast Execution

Forex traders have various preferences and requirements. Therefore, my review of the best fast-execution Forex brokers is focused on the criteria below, as they are necessary for a competitive and safe trading environment.

The best fast-execution Forex brokers will offer the following:

  • Regulation: I recommend a clean regulatory record of 10+ years with a trader-friendly regulator. Forex brokers regulated in New Zealand, Seychelles, Mauritius, Belize, South Africa, and Dubai balance trader protection and competitiveness. They often include an investor compensation fund, independent audits via the Hong Kong-based Financial Commission, and third-party insurance protection.
  • Fees: Low Forex trading fees define a competitive trading environment. I advise minimum spreads between 0.0 and 0.1 pips on major currency pairs like the EUR/USD and the USD/JPY, with commissions not exceeding $7.00 per 1.0 standard round lot. I also suggest volume-based rebates to decrease final trading fees for high-volume traders.
  • Account Types: The best fast execution Forex brokers offer NDD/STP/ECN/DMA accounts with raw spreads from 0.0 pips, competitive commissions, volume-based rebates, algorithmic trading platforms, VPS hosting, and API trading.

What to Avoid When Selecting a Fast Execution Broker

Many Forex brokers offer attractive trading conditions and promotions, but I recommend that Forex traders avoid the below when selecting fast-execution Forex brokers.

Forex traders should avoid the following when choosing fast-execution Forex brokers:

  • Unregulated Forex brokers - Irrelevant to what they offer, Forex traders should always avoid unregulated Forex brokers, as they are unlikely to protect your capital, honor withdrawal requests, or operate a genuine trading environment. Trading with unregulated Forex brokers could result in shadow trading, where no trading occurs.
  • High trading fees - High trading fees lower trading profits and ensure that most strategies that rely on fast order execution are unprofitable. I recommend raw spread accounts with competitive commissions and volume-based rebate programs. Commission-free accounts are usually more expensive. Forex traders should avoid trading fees exceeding $8.00 per 1.0 standard round lot.
  • Trading restrictions - Some Forex brokers restrict hedging or have an inadequate trading environment for algorithmic trading solutions. I also recommend an infrastructure that fully supports algorithmic trading.
  • Inadequate trading infrastructure - I urge Forex traders to avoid market makers and only trade with an NDD/STP/ECN trading infrastructure, deep liquidity, and ultra-fast order execution. An algorithmic-supportive trading platform like MT4, MT5, or cTrader is also crucial.

Preferred Trading Platforms for Fast Execution

Most available trading platforms support fast execution, but I recommend MT4/MT5 and cTrader, as they support algorithmic trading. MT4/MT5 also connects to third-party trading tools like Capitalise AI, Trading Central, and Autochartist, and 25,000+ add-ons, custom templates, scripts, and EAs. Advanced algorithmic traders can connect their solutions via API. Proprietary trading platforms at the best fast-execution Forex brokers are an equally viable option.

Bottom Line

The best fast-execution Forex brokers offer raw spread trading with competitive commissions, collocation to Equinix data centers, and NDD/STP/ECN execution, processing, and post-processing infrastructure.

FAQs

Which broker has the fastest order execution?

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Forex brokers with an NDD/STP/ECN execution, processing, and post-processing infrastructure offer the fastest order execution. Collocation to Equinix data centers is necessary to excel in this category. While statistics differ based on the benchmarks, Pepperstone, Forex.com, and BlackBull Markets rank among the best fast-execution Forex brokers.

Christopher Lewis
Christopher Lewis has been trading Forex and has over 20 years experience in financial markets. Chris has been a regular contributor to Daily Forex since the early days of the site. He writes about Forex for several online publications, including FX Empire, Investing.com, and his own site, aptly named The Trader Guy. Chris favours technical analysis methods to identify his trades and likes to trade equity indices and commodities as well as Forex. He favours a longer-term trading style, and his trades often last for days or weeks.