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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.
- 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 platformI 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.
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 liquidityBlackBull 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.
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 regulationTraders 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.
Pros & Cons
- Lower minimum deposit
- Islamic account available
- Good reputation
- Choice of account types
- Withdrawal fee
Fast Execution in Forex Trading Comparison
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Regulators | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB | FMA, FSA | ASIC, CFTC, CIMA, CySEC, FCA, FSA, IIROC, NFA |
Year Established | 2010 | 2014 | 2001 |
Execution Type(s) | No Dealing Desk, NDD | ECN/STP, No Dealing Desk | Market Maker |
Minimum Deposit | |||
Average Trading Cost EUR/USD | 1.1 pips | 1.3 pips | 1.1 pips |
Average Trading Cost GBP/USD | 1.4 pips | 2.0 pips | 1.3 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 View | MetaTrader 4, MetaTrader 5, Proprietary platform, Trading View |
Islamic Account | |||
Negative Balance Protection | N/A | ||
Get Started Visit Website75-95% of traders on margin lose | Visit Website | Visit Website |
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.