Forex and CFD specialists, CompareForexBrokers have conducted speed tests on 20 forex brokers to determine which have the fastest execution speeds for limit and market orders.
Fast execution speed is vital to avoid slippage which can result in orders closing at a price different to the requested price. To help find the brokers with the fastest order execution speeds, CompareForexBrokers conducted testing using 20 MetaTrader 4 forex brokers.
These tests, led by Ross Collins, Chief Technology Researcher at CompareForexBrokers, found BlackBull Markets had the fastest execution speeds. The New Zealand-based broker posted average execution speeds of 73 milliseconds (0.073 seconds) for limit orders and 94 milliseconds (0.094 seconds) for market orders.
Other notable brokers included Pepperstone, which was second fastest for limit orders at 77 milliseconds and Fusion Markets which was fastest for market orders at 70 milliseconds.
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