Best Forex Broker Without Re-Quotes
Too many trading providers claim they are not re-quote brokers, but not all are legitimate。Where can I find reliable?
Too many trading providers claim they are not re-quote brokers, but not all are legitimate。Where can I find reliable?
The forex market is very volatile and prices move very quickly, and you will encounter re-quotes when the broker you are dealing with cannot execute your trade based on the price you entered。As a result, you may be asked to enter the market at an unfavorable price。The best way to avoid this is to choose a broker that does not re-quote。Re-quoting itself is not common, but you still need to pay attention。
What Causes Forex Re-Quotes?
The volatility of the market makes it difficult for brokers to place orders at the price you require.。Brokers usually have their own brokers with which they deal, called liquidity providers。Liquidity pools can cancel orders, raise prices, or even simply refuse to admit anything if they want to。Often, your broker will warn you that you will get a worse fill than you originally wanted。
In general, re-quotations are bad for you。While brokers don't always ostensibly try to charge you more, some dubious brokers may pull the plug。In some cases, you may suffer from a re-quote because your broker "ignored" the order when you placed it。This doesn't always mean they did it on purpose, but it could be because of delays that occurred during extremely unstable sessions.。Therefore, it is highly recommended that you find a good re-quote-free broker to protect yourself from such risks。
Forex brokers without re-quotes
Many forex brokers today claim not to offer re-quote services.。But not everyone's claims are trustworthy。In fact, no re-quote brokers should provide advanced technology to ensure order execution and deal with the best liquidity providers。Often, trusted brokers show this information on their official websites。
Here are some of the best re-quote free forex brokers with excellent latency and liquidity providers。
1. IC Markets
IC Markets is probably one of the best re-quote-free brokers in the industry, with an average execution speed of less than 40 milliseconds to ensure that your orders are executed exactly as you wish。IC Markets also has the best technology for managing low-latency fiber and Equinix NY4 servers。In addition, if your monthly trading volume exceeds 15 lots (rounds), you can also get a free VPS。The brokerage firm uses Forex VPS, the activation time of the IC Markets real-time server is 5 minutes, and the delay time is 1 millisecond。
IC Markets is a private company in International Capital Markets Pty Ltd..) an online forex brokerage company operated under。Traders under Australian jurisdiction offer trading services at IC Markets-AU, which is based in Australia and licensed by the Australian Securities and Investments Commission (ASIC).。
On the other hand, non-Australian traders who open accounts with the broker are under the Seychelles-basedIC Markets SEY registered and regulated by the Seychelles Financial Services Authority (SFSA)。This dual operation is the result of the Australian Securities and Investments Commission's relatively new rules, which prohibit its regulated brokers from providing trading services outside Australia.。
IC Markets is classified as an ECN broker offering clients MetaTrader 4, MetaTrader 5 and cTrader as platform trading options。The broker also follows market trends with cryptocurrencies as one of its products, enriching its already wide selection of trading assets, including currencies, indices, metals, energy, software, stocks and bonds.。
with other affectedThe minimum deposit for IC Markets is at a moderate level compared to ASIC-regulated brokers, as each customer has a deposit of $200。Market analysis materials are also regularly prepared for trading insights on the official website of IC Markets, proving their ability to provide traders with important content created specifically for the market experts they work for.。
For payment methods,IC Markets allows financing and withdrawals via wire transfers, credit cards, PayPal, Skrill, Neteller, FasaPay, UnionPay, and BitPay's Bitcoin。The more interesting aspect of the broker is its multiple base currencies, including the US dollar, Australian dollar, euro, British pound, Singapore dollar, New Zealand dollar, Japanese yen, Swiss franc, Hong Kong dollar and Canadian dollar。
因为IC Markets' trading technology is equipped with highly centralized servers and extremely low latency (especially on cTrader), and the broker is well known for its ability to host traders with special needs for high-frequency trading and order brushing。
Anyway,IC Markets is the right destination for active traders looking for well-regulated brokers。IC Markets is also flexible in terms of base currency and payment methods, which demonstrates their commitment to welcoming traders from outside their home countries.。By the end of 2019, IC Markets was offering websites in 18 international languages, including English, Korean, Indonesian, French, Spanish, Italian, Malay, German and Chinese.。
In addition to re-quoting, swap rates are another thing you need to consider。While some see it as a risk, IC Markets view it as your sideline income, and they give you the choice of reducing swap costs or maximizing overnight swap returns。Keep in mind that swaps will only be applied if the position remains open until the next Forex trading day。You can check the swap rates on the official website of IC Market or in MT4 of IC Market。
2. Pepperstone
Pepperstone is known for providing fast trade execution through one of the fastest response platforms in the industry. There are many trading platforms to choose from, including TradingView, MT4, MT5 and cTrader。The broker claims its fill rate is as high as 99.9%, no need for trading desk intervention, making Pepperstone among the best non-re-quoted Forex brokers.。They have more affordable options if you want lower transaction costs。The Razor account enables you to get 0 for $7 per lot.Institutional-level spreads from 0 points, standard accounts also have low spreads and 0 commissions。
Founded in 2010 by a team of experienced traders working together to improve online trading, Pepperstone is based in Melbourne, Australia and has grown into one of the world's largest forex brokers.。If a trader wants to find a broker that offers low spreads, fast execution and award-winning support, the answer is Pepperstone。
Pepperstone has strong legal safeguards as it is licensed by Australian regulators ASIC and FCA.。Traders "funds can be deposited into separate accounts at Australia's top banks, one of which is National Australia Bank (NAB).。Therefore, if a trader chooses to open an account in Pepperstone, the safety of funds is not an issue。
They successfully partnered with 23 top banks to bring bids to investors instantly via fiber optics, which enabled all orders to be executed 100% automatically with delays as low as zero..05 milliseconds, no need for trading desk intervention and re-quotation, and ultra-low transaction costs。
Pepperstone is trusted by more than 73,000 traders worldwide, processing an average of 125 per day..$500 million in trading volume and won awards for such things as:
Best Forex ECN Broker and Best Forex Trading Support Worldwide 2019 (Europe)
Best Australian Broker and Best Trading Platform 2018 by Compare Forex Brokers
2018 UK Forex Awards Best Forex ECN Broker, Best Forex Trading Support and Best Forex Trading Conditions
With numerous awards, Pepperstone attracts more and more traders from all over the world。Pepperstone's performance rose not only because of its ultra-low spreads and fast execution services, but also because many traders were keen to trade in currencies other than the US dollar.。
As a result, Pepperstone is one of the most responsive brokers to the market because it is willing to accept deposits in 10 currencies, including the Australian dollar, the US dollar, the euro, the Canadian dollar, the British pound, the Swiss franc, the Japanese yen, the New Zealand dollar, the Singapore dollar and the Hong Kong dollar.。
Pepperstone allows traders to choose between 11 trading platforms: MT4 Desktop, MT4 Mac, MT4 iPhone, MT4 Android, MT4 iPad / Tablet, MT5, WebTrader, cTrader WebTrader, cTrader cAlgo and cTrader Mobile。The choice of trading platform is very practical for novices because it executes quickly。
When trading Forex, traders can enjoy 0 on their Razor account.0 pip original spread, over 61 currency pairs, and commission-free account funds for various deposit options。In addition to currency pairs, Pepperstone offers several types of trading tools, including indices and stocks, commodities and cryptocurrency CFD。
Commodity trading tools are very diverse, not only metals, gold and silver, but also soft commodities such as cotton, sugar, coffee, cocoa and orange juice.。Pepperstone also offers energy (oil and gas) trading.。
Pepperstone offers two types of accounts, Razor accounts and Standard accounts。If you are a beginner, it is recommended to choose a EUR / USD average spread of 1.0-1.3 point and commission-free standard account。
Traders with specific trading styles (such as scalping traders and algorithmic traders) may enjoy the traditionally lower-cost setup of Razor accounts, with a trading commission of 7 Australian dollars and a trade of 100,000 US dollars per round..01 (micro) and 1: 400 leverage to start trading。
As Pepperstone customers, traders can deposit and withdraw money through Visa, Mastercard, POLi Internet Banking, Bank Transfer, BPay, PayPal, Neteller, Skrill and Union Pay。
If you are new to trading or want to practice your trading skills in a risk-free environment, you can create a demo account, but if you are experienced or prefer to learn by doing, Pepperstone offers live accounts that allow you to trade with real-time execution and pricing.。
Traders can also use third-party services to follow popular trader scenarios while learning how to improve their trading abilities。Pepperstone works with a range of social trading platforms for traders to choose from, such as Myfxbook, ZuluTrade, Mirror Trader, MetaTrader Signals and Duplitrade。
3. XTB
As one of the world's largest Forex and CFD brokers, XTB is certainly focused on reducing re-quotes。They have a powerful trading platform called xStations, which aims to be the most reliable and practical trading app on the market.。The platform provides superior execution speed, ensuring you have virtually no re-quotes when trading anywhere in the world。It is also very easy to use and fully customizable, very useful even for new traders。Not only can you get the best trading chart, but you can also view the market order depth with a simple click。
With more than 15 years of experience, XTB (renamed X-Trade since 2009) is one of the world's largest brokers with offices in more than 10 countries including Belize, UK, Poland, Germany, Spain and France.。XTB Group is regulated by the world's largest regulatory bodies such as IFSC, FCA, KNF, CySEC。
As a regulated company, XTB keeps all of its retail clients' funds in completely separate accounts, meaning they are not intermingled with the broker's working capital, giving traders registered with XTB the confidence to trade their funds safely.。
XTB is committed to providing convenient transactions anytime, anywhere, and they have a mobile app xStation to realize this vision。Traders can access the financial markets at their fingertips and choose from over 1,500 CFD markets, including 48 currency pairs, cryptocurrencies, 20 indices, commodities (gold, oil, silver, etc.), stocks and 60 ETFs from around the world.。The app can be downloaded in Google Play and the App Store。
Traders can also access their platform via personal computers。XTB provides a web trading platform that can provide more advanced tools for more advanced traders. It is fully compatible with Chrome, Firefox, Safari and Opera web browsers, providing traders with fast and reliable trade execution speed。As a result, the platform successfully presented XYB with the Online Personal Wealth Award 2016 Best Trading Platform of the Year and other awards.。MetaTrader 4 can also be used when trading in XTB。
XTB charges fees for forex, index and commodity trading, with amounts varying according to account type。For example, in a professional account, a trader must pay 3 per lot for Forex.$5 commission to pay 0 per lot for equity CFDs and ETF CFDs.Commission of 08%。
CFDs are complex instruments and have a high risk of rapid losses due to leverage。When trading, customers must prepare strategies。According to XTB, 75% of retail investor accounts lose money when trading CFDs。Clients should therefore consider their level of understanding of CFD trading and their ability to take high risks。
Traders can grow their knowledge by joining XTB's Trading Academy program。There is a wealth of content designed to help traders, including video tutorials, trading courses, articles and more。Traders can choose a topic from different levels of education and improve their skills at all stages of the trading journey。
In addition, XTB deposits funds in a variety of ways, including bank transfers, credit cards (Mastercard, Maestro, Visa) and e-wallets (Skrill, Paysafe, Neteller, etc.)。However, some of these methods may incur additional fees, for example, when using the Neteller method, the trader must pay 1% of the amount of his deposit。
Traders can contact XTB's 24 / 7 customer support, who are always ready to answer all traders' questions and solve problems, whether via email, phone or live chat。
Overall, XTB is recommended as the ideal broker with a top regulatory and trading platform, and the educational function is also worth joining, as many traders are still perfecting their consistency and continue to understand the dynamics of the Forex market.。
4. FP Markets
Another requote-free forex broker you may want to consider is FP Markets, which offers fast execution through NY4 server facilities.。FP Markets also uses top liquidity and market-leading 24 / 5 pricing。For scalpers and automated trading systems, FP Markets offers superior virtual private servers (VPS)。
Maintaining an overnight position will not result in overnight / rollover fees reducing your income, so you don't have to worry about。FP Markets offers the most competitive swap rates in the industry by introducing swap points in the form of real-time swap rate listings on the MT4 and MT5 platforms。For example:
ACWI: long position is -5.00, the short position is -2.50。
ADAUSD: long position at -20.00, with a short position of -20.00。
AGG: long position is -5.00, the short position is -2.50。
6. FXTM
FXTM is known as No Re-Quote Forex Broker for its trading app。FXTM Trader enables customers to open and close positions in seconds, thereby reducing the chance of re-quoting。You can also view real-time currency rates, manage your trading account and stay one step ahead of the market anytime, anywhere。The app has its own built-in trading platform technology, you can start trading with just a few taps。FXTM Traders can be used on multiple devices, you can open positions on the desktop and close positions through mobile devices。
Originally launched in 2011, FXTM's unique vision is to offer unparalleled superior trading conditions.。Opening an account with FXTM also gives you access to advanced education and advanced trading tools in the Forex industry。
FXTM is now registered with the UK Financial Conduct Authority with registration number 600475, the company is also regulated by the Cyprus Securities and Exchange Commission with CIF licence number 185 / 12 and licensed by the South African Financial Conduct Authority (FSCA) with FSP number 46614.。
FXTM has 1 million registered accounts and more traders join every day。The company continues to strive to improve its performance and has won many awards such as the World Finance Award for Best Trading Experience 2019, the International Finance Award for Best Online Forex Trading Company in Nigeria 2018, the Hexun 2018 Reputable Investor Education Forex Broker Award, Fxeye.Com 2018 China Foreign Exchange Brand Award, etc.。
As a responsible broker, FXTM determines leverage (expressed as a ratio of trade size relative to the trader's purchasing power) based on the trader's trading knowledge and experience level, and evaluates it through an appropriateness assessment. It also supports leveraged trades up to 1: 1000。
As for spreads, FXTM offers 0.The low spread from 1 o'clock, so traders can withdraw profits at the beginning of the trade。With headquarters in several countries, the company uses No Trading Desk (NDD) technology and works with reliable liquidity providers to deliver the best bid and ask prices.。
For beginners, there is an automated trading tool called algorithmic trading。Traders can develop their own trading strategies or adopt the strategies of other traders when trading at FXTM。In addition, the strategy is also applied to automated trading systems, such as smart trading systems, so that traders don't have to worry about losing opportunities without observing the market and still make profits。
Three types of ECN accounts using MT4 and MT5 trading platforms。There are also mobile and tablet app trading platforms。In addition to offering multiple account variants, FXTM also makes every effort to ensure that customers receive the excellent support they deserve, so that their trading experience is optimal and user-friendly。
FXTM also offers a variety of products, in addition to more than 50 foreign currencies, gold, silver, commodity futures (oil) CFDs, ETF CFDs and indices.。
The broker also provides education on basic concepts of the forex industry。Traders can read all the concepts offered in the form of e-books, video tutorials, articles, webinars and forex seminars。The FXTM website is available in 17 languages for traders to understand Forex。
Traders can also choose from a variety of payment methods, including credit cards (Visa, Mastercard, Maestro) and e-wallets (Neteller, Skrill, Western Union)。For withdrawal of funds, traders do not have to pay a fee of 2 hours to 2 days。Traders can ask further questions via live chat and contact the administrator via email, FXTM has a question and answer page on Forex trading。
7. FBS
Over the years, FBS has proven itself to be one of the best re-quote free forex brokers。The brokerage company understands that the price may change within one second, so it is obliged to ensure the highest possible order execution speed。About 95% of orders in FBS are at 0.Execute within 4 seconds。FBS accounts use the market to execute orders, and all orders are processed at actual market prices, thereby reducing re-quotations。In FBS, orders are executed directly to the liquidity provider's system in NDD (non-trading desk), ECN (electronic communication network) and STP (through processing) technologies。
Since 2009, FBS Holding Inc.(FBS) achievements in the field of foreign exchange transactions have been recognized by various international institutions.。As of 2019, the number of FBS clients reached 14 million, winning the most transparent Forex broker in 2018, the best investor education in 2017, the best customer service broker in Asia in 2016, the IB Forex program and many other titles.。
FBS is regulated by Belize IFSC and Cyprus CySEC。The broker is trusted by millions of traders and 370,000 partners from all countries.。According to the data, FBS has about 7,000 new trader and partner accounts every day.。And, 80% of customers will stay in FBS for a long time。
Trading products offered by FBS include Forex, CFD, Precious Metals and Equities。For Forex trading, CySEC-regulated FBS provides leverage of up to 1: 30 for cent accounts and standard accounts。Customers who want to try higher leverage can also register an account with FBS Belize。
In all types of accounts, the spread is from 1 point。Volume orders in standard accounts can be 0.01 to 500 lots, it is recommended that experienced traders use the account。
And on the cent account, bulk orders can be executed up to $500 breakups or the equivalent of 5 standard lots.。Cent accounts involve varying degrees of risk。FBS recommends cent accounts to beginners。All account types support the following trading instruments: 28 currency pairs and 2 metals。
Before entering the real Forex market, traders can practice using the FBS demo account, which is divided into two types, namely standard account and cent account。
Using the MetaTrader 4 and MetaTrader 5 platforms, FBS provides services on Windows and Mac, as well as Android and iOS mobile devices, providing traders with a trading experience at their fingertips, allowing traders to trade anytime, anywhere。
The MetaTrader platform also has a variety of key features, including the creation, purchase and use of Expert Advisors (EA) and scripts, one-click trading and embedded news, technical analysis tools, documentary other traders, hedging positions and VPS service support。
Another advantage of FBS is that customers who meet specific requirements receive a 100% deposit bonus and the deposit and withdrawal process is fast and convenient.。According to the customer, in addition to holidays, usually no more than 3-4 hours。
In order to increase the security of client funds, FBS also offers segregated accounts where 70 per cent of funds can be deposited with the client's bank; in addition, the margin is between 10 and 100 per cent.。If the trader loses funds in the course of trading but is insured, FBS will refund the trader's funds。
Traders have the opportunity to develop a side business when trading with FBS, i.e. as an economically recommended (IB) or affiliate。The commission provided by the FBS partner system is already at level 3, and traders can only earn additional income if they introduce new customers to FBS according to certain procedures。
Traders will also gain trading education experience at FBS。They have prepared a comprehensive foreign exchange course divided into 4 levels: beginner, beginner, intermediate and advanced。Traders can take courses that transform them from novice to professional, all materials are well structured。In addition, FBS offers a variety of forex analysis, webinars, forex news and daily market analysis that can be easily accessed on its website。
Traders can visit the official FBS website, which is available in multiple languages, including English, Dutch, Italian, French, Portuguese, Indonesian, Spanish, etc., and also provides live chat support 24 hours a day, 7 days a week。
In summary, FBS is a well-known broker among global retail traders。Due to flexible trading conditions, customers are able to use a variety of instruments for trading, low deposits, etc.。
8. Vantage FX
Vantage FX gives you access to the global forex market through a top forex liquidity provider, experiencing super-fast trade execution and raw ECN spreads。This means that in addition to reducing Forex re-quotes, you can also spend less money on the transaction costs of this broker。Vantage FX also offers desk-free execution and ensures 100% straight-through processing of your orders。In addition, as a leading brokerage firm in the industry, Vantage FX is rigorously audited and deposits all client funds in separate trust accounts.。
Conclusion
Avoiding a re-offer is not an easy task。Often, a re-quote is the result of an unexpected situation, such as a sudden change in the market or a technical problem with the speed of execution, rather than a broker trying to trick you。Having said that, this does not mean that forex brokers who do not have a re-quote policy are lying。
There are a number of ways to reduce re-quotations, such as the fastest execution method, the deepest liquidity, and the opportunity to provide direct access to the market。Therefore, choosing between NDD, ECN and STP brokers will have a better chance of avoiding re-quotes。
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