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Slippage Policy | AxiTrader

Slippage Policy

 


Slippage is the difference between a requested price of a trade or pending order and the price at which the order was executed or filled.

A Gap in the markets is a break between prices on a chart that occurs when the price of a product makes a sharp move up or down with no trading occurring in between or when the market closes at different rate to when it opens again.

AxiTrader is built on the simple founding principle of creating an FX broker that we would want to trade with ourselves.

It is common knowledge that all markets will be subject to slippage from time to time.

There are 2 common types of slippage:

  1. 1. When a market gaps, either over the weekend or after a news event (like payroll figures or Interest rate decisions); and
  2. 2. When a price is clicked on and has substantially changed in the time it took to get back to the executing bank or broker.

 

For the benefit of all its clients, AxiTrader treats both slippage scenarios the same way that they would be treated in the Exchange Traded Share or Futures markets.

In both of the above scenarios AxiTrader would slip its clients to a better price if the interbank market from which AxiTrader obtains its prices had moved in the client’s favour, and similarly a worse price if the market had moved against them.

The price differences reflect the slippage that AxiTrader gets from the best aggregated price obtained from its liquidity providers.

Further, AxiTrader has direct relationships with, and deals directly with only the highest pedigree of International Banks in relation to our FX Pricing, and Morgan Stanley, our Prime Broker, clears all its transactions.

AxiTrader prides itself on the fair and equitable treatment of all its clients.


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