Forex Brokers with Instant Execution
Get certainty of pricing through a broker with instant execution in Australia.
Here are a few instant execution brokers we recommend, if trading without slippage is important to you on the MT4 or MT5 platforms.
Brokers we recommend
AvaTrade.com is an award-winning online broker in business since 2006. Trade CFDs on all asset classes, from Forex to ETFs and bonds. Its service appeals to novice and experienced traders alike.
Fortrade is a global broker, regulated in 5 jurisdictions. Trade over 550 instruments across all markets with up to 1:200 leverage. Its selection of North American and European stocks is a standout feature.
Comparison table
We rate brokers across 5 categories and 18 criteria, following a standardised methodology. Here are our overall and category-specific ratings:
* Availability is subject to local laws and regulations.
Note: for brevity, this table only shows the most popular payment methods and regulators. Open a free account with any of these brokers to view funding options available in your country.
AvaTrade.com is an award-winning online broker in business since 2006. Trade CFDs on all asset classes, from Forex to ETFs and bonds. Its service appeals to novice and experienced traders alike.
- Likes
- CFDs on 845 instruments, as well as futures and options.
- Wide selection of trading platforms, including copy trading.
- One-on-one assistance when you deposit US$1,000 or more.
- Daily trading signals from Trading Central.
- No fees on deposits or withdrawals.
- Dislikes
- Quarterly and annual inactivity fees are $50 and $100 respectively.
- Its 'one size fits all' trading account may not appeal to professional traders.
The breadth of assets available to trade through its platform sets this broker apart from the competition. You'll find 845 instruments, including currencies, stocks, indices, ETFs (and leveraged ETFs), precious metals, commodities, cryptocurrencies, and government bonds.
With AvaTrade, the MT4 and MT5 platforms are available for Windows and iOS devices. Its web trading platform is sleek, with advanced charting tools. Spreads are competitive and fixed, which can provide a more predictable trading environment, well-suited for beginners.
Customer service is excellent. Every time a question has arisen, we've been able to speak to a customer support agent easily through a local telephone number. Our queries were resolved within minutes. Support is available five days a week through various channels, including WhatsApp.
Read reviewFortrade is a global broker, regulated in 5 jurisdictions. Trade over 550 instruments across all markets with up to 1:200 leverage. Its selection of North American and European stocks is a standout feature.
- Likes
- Trade CFDs on all assets classes.
- Huge selection of CFDs on over 440 stocks.
- You cannot lose more than you invest with negative balance protection.
- Regulated in 5 jurisdictions including Europe, the UK, Australia and Canada.
- Dislikes
- Only supports MetaTrader 4 and its in-house platform.
- USD 10 'dormancy fee' if your account is inactive for over 6 months.
Trade CFDs across more than 550 instruments, including currencies, cryptocurrencies, stocks, indices, commodities, and U.S. government bonds. Leverage varies by asset class, from 1:2 on crypto to 1:200 on forex and metals.
Use either MetaTrader 4 or Fortrade's proprietary Web Fortrader to trade directly from the charts. Fortrade integrates Trading Central's trading signals directly into its platforms.
Fortrade is regulated in five jurisdictions, including the UK and Australia, and provides investor protection through segregated client accounts and negative balance protection.
Read reviewAdvantages of Instant Execution
- Certainty of pricing: with instant execution, you receive the price that you see on the platform, as long as that price is still valid. For this reason, it provides greater certainty of pricing over an account with market execution.
- Risk management: instant execution on the MetaTrader 4 (MT4) platform allows you to set 'stop loss' and 'take profit' orders at the time you open a position. This isn't possible with market execution. This can provide peace of mind and protect you when the markets are volatile.
Disadvantages of Instant Execution
- Re-quotes: when markets are volatile, the price you see on your platform may no longer be valid by the time your order is acted upon. When this happens, your broker will offer a re-quote. This means you will be given the opportunity to accept or decline to trade at the new price. You may find this frustrating if you value speed or certainty of execution over certainty of pricing, in which case, we recommend opening an account with market execution instead.
- Dealing Desk: when you trade through an account with instant execution, you orders are sent to your broker's dealing desk. Your broker acts as the counter-party to your trades. Some traders tend to avoid these brokers out of concerns that their interests aren't aligned with yours, as they will lose money when you're in profit. However, these concerns generally aren't warranted, as professional brokers will hedge their exposure.
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About the author
I'm Stefan, a trader and an entrepreneur. My mission with TrustedBrokers is to help you find the right broker for you, whether you're a beginner or a pro. I've personally used and tested the brokers on our service, opening and funding real-money accounts, contacting customer service and placing trades. I started my career in investment banking in London.