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:
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.
AxiTrader is a registered business name of AxiCorp Financial Services Pty Ltd (AxiCorp). AxiCorp (ACN 127 606 348) is authorised and regulated by the Australian Securities & Investments Commission (ASIC) AFSL number 318232. Investing in over-the-counter derivatives carries significant risks and is not suitable for all investors. You could lose substantially more than your initial investment. When acquiring our derivative products you have no entitlement, right or obligation to the underlying financial asset. AxiCorp is not a financial adviser and all services are provided on an execution only basis. AxiCorp is authorised to provide general advice only and information is of a general nature only and does not take into account your financial objectives, personal circumstances. AxiCorp recommends that you seek your own independent personal financial advice before you decide to invest in our products. A Product Disclosure Statement (PDS) for our financial products and our Financial Services Guide (FSG) are available on this website or can be obtained free of charge by calling AxiCorp on 1300 888 936 (+61 2 9965 5830). The PDS and FSG are important documents and should be reviewed prior to deciding whether to acquire, hold or dispose of AxiCorp’s financial products or services. The information on this website is for Australian residents only.