Slippage is a part of forex trading that you can't avoid. But, by using the best no slippage broker, you might be able to mitigate the risk.

broker with the best slippage

Slippage refers to the difference between the expected price in a trade and the price at which the trade is executed. The volatility in the market can cause prices to change quickly. This is what prompts slippage to occur.

Unfortunately, most new traders tend to ignore it. Scalpers and day traders can suffer dearly if they ignore the danger of slippage.

The good news is that there are several brokers who offer low to no slippage:

  1. IC Markets
  2. eToro
  3. Pepperstone
  4. XTB
  5. FP Markets
  6. Admirals
  7. RoboForex
  8. FXPrimus
  9. NordFX
  10. Axi

Let's discuss each of those brokers in this article below.

 

Brokers With Low to No Slippage

Usually, brokers try to minimize the impact of slippage by offering the best pricing in the market and fast executions. So, which brokers you should consider?

 

1. IC Markets

Slippage often happens because there is a between transactions. However, IC Markets provides faster executions for all clients. This means slippage is less likely to happen. They use fiber optic to cross-connect between servers to give the lowest latency and the fastest possible trade executions for all clients.

As one of the best no slippage brokers out there, IC Markets are also known to offer different kinds of accounts for all kinds of traders. This broker has raw pricing as well as a wide range of products across all account types which makes them suitable for all kinds of traders. They also offer swap-free accounts for different kinds of instruments that include metals, indices, exotic pairs, and many more.

IC Markets has a wide variety of trading platform that caters to a different type of traders. For starters, they have MetaTrader 4 and 5 that are available for mobile devices (Android, iPhone, and iPad), Mac, and web traders. They also provide cTraders that are accessible on various types of devices.

 

2. eToro

One of the best no slippage brokers that you can consider is eToro. This broker gives access to more than 2,000 different financial assets, which includes cryptocurrencies, ETFs, indices, forex, and many more. Most of them can be invested with and without leverage; non-leveraged products are charged with a 0% commission fee.

eToro employs advanced technology and infrastructure to reduce slippage and enhance the execution speed of trades. They strive to execute trades as close as possible to the requested price, minimizing slippage and providing traders with accurate trade execution.

This broker is best known for its social trading feature. Right now, eToro has over 20 million communities across 140 countries. They host plenty of talented and experienced investors with great track records and encourage traders and investors to interact and share ideas, insight, as well as trading strategies.

Website
Established
2007
Leverage
1:400
Min Deposit
$200
Regulation
CySEC, FCA, ASIC, FINRA, Financial Services Regulatory Authority (Abu Dhabi), FSA (Seychelles)
Accepts US traders
Personal manager
Trading contests
Segregated accounts
Free education
Compensation scheme
Negative balance protection
Swap
Low spread eur/usd
Hedging
Islamic account
Affiliate program
Trading via API
Interest rate on funds
Copy trading
WebMoney
PayPal
Skrill
Wire transfer
Neteller

eToro established in early 2007, with a mission to make trading accessible to anyone, anywhere, and reduce dependency on traditional financial institutions. The company has head offices in the United Kingdom, Cyprus, USA, and Australia.

eToro (Europe) Ltd operates as a Financial Services Company authorized and regulated by the Cyprus Securities Exchange Commission (CySEC) under license no. #109/10. Meanwhile, eToro (UK) Ltd is authorized and regulated by the Financial Conduct Authority (FCA) under the license FRN 583263.

As for eToro AUS Capital Pty Ltd, the legal standing is acknowledged by the Australian Securities and Investments Commission (ASIC) to provide financial services under Australian Financial Services License 491139.

A broker that belongs to the 4-digit type, eToro offers both short-term options for day traders and long-term options for investors, such as their innovative Smart Portfolios, a fully managed thematic portfolio.

Since 2007, eToro has been at the forefront of the Fintech revolution. The most recent was launched in 2017, which is Smart Portfolios powered by Machine learning Al. Beyond developing Smart Portfolios, the company integrated Microsoft's machine learning technology into Momentum DD.

The new Smart Portfolios investment strategy uses artificial intelligence to find the steadiest traders who are most likely to generate a double-digit return and bundle traders into one fully-managed portfolio. eToro has hundreds of financial assets for trading across several categories including stocks, commodities, crypto assets, currencies, indices, and ETFs. Each asset class has characteristics and can be traded using a variety of investment strategies.

Some positions on eToro involve ownership of underlying assets, such as non-leveraged positions on stocks and cryptos. Employing CFDs will enable a variety of options, such as leveraged trades, short (sell) positions, fractional ownership, and more. For example, traders can invest as little as USD100 in gold, even if a single unit of gold cost USD1,000. Some of eToro's most popular CFD commodities include gold, oil, natural gas, silver, and platinum.

Currencies are traded on eToro only as CFDs. Also, CFDs enable Sell (short) positions and leveraged trade, even for assets that don't offer the option in traditional trading. Some of the popular currencies include EUR/USD, GBP/USD, AUD/USD, USD/JPY, and USD/CAD.

Furthermore, An Exchange-Traded Fund (ETF) is a financial instrument comprising several assets grouped to serve as one tradable fund. After opening an account in eToro, traders can invest as little as USD250 in an ETF that costs USD500. Some of the popular ETFs on eToro include SPY, VXXB, TLT, and HMMJ.

However, eToro also offers additional functions using CFD trading. All leveraged ETF positions in the UK are under FCA regulations. Meanwhile, all CFD positions executed by eToro Australia are under ASIC regulations.

The company has other advantages. In all financial assets that can be traded, eToro does not charge any deposit or trading frees other than spreads.

eToro charges a USD25 fee for withdrawals and the minimum withdrawal amount is USD50. Long (Buy), non-leveraged crypto, stock, and ETF positions are not executed as CFDs and do not incur any fees. eToro does charge overnight or weekend fees for CFDs positions, such as leveraged positions and short (sell) orders.

Fee updates always apply to open positions. Fees are subject to change at any given time and could change daily, without prior notice, depending on market conditions.

As a beginner, trader can use CopyTrading eToro. Different from the features of other brokers, traders can copy the strategies of professional traders without fee or profit-sharing. Therefore, 100% profit is fully owned by traders. For example, while trader A who is copied by trader B, produces a profit of 10% this month, then trader B also gets a profit of 10%.

The company is the world's leading social trading network. Since eToro operates in complete transparency, each trader has valuable information on their eToro profiles, so other traders that are interested to copy their trades can have assistance in creating their best portfolios.

Another feature that is unique to eToro is the personalized, social News Feed. Just like on any social media, traders can post their updates on feed, comment on other's posts, and gradually create a feed that is tailor-fitted to trader's trading and investing interests. On eToro social trading platform, traders will also get notifications when a trader writes a new post and many other important updates.

 

3. Pepperstone

Pepperstone is also one of the best no slippage brokers out there. This brokerage was created by experienced traders who aim to reduce executions. Pepperstone provides different kinds of platforms for their clients, such as MT4, MT5, as well as cTrader.

Pepperstone utilizes advanced technology and robust infrastructure to reduce slippage and facilitate fast trade execution. They have multiple liquidity providers and sophisticated order routing systems in place to ensure that traders' orders are executed efficiently and at competitive prices.

Becoming a VIP client in this brokerage means you'll gain access to premium client's benefits which include priority support, advanced market insights, ATP premium discounts, and many more.

Website
Established
2010
Leverage
1:400
Min Deposit
$0
Regulation
ASIC, BaFin, Capital Markets Authority of Kenya, CySEC, DFSA (Dubai), FCA, SCB
Free education
Trading by telephone
PAMM
MAM
Segregated accounts
Affiliate program
Islamic accounts available
Compensation scheme
Negative balance protection
Low spread eur/usd
VPS
Trading via API
Copy trading
Webinar
PayPal
Wire transfer
Neteller
Skrill

Pepperstone was founded in 2010 by a team of experienced traders with a shared commitment to improve the world of online trading. Based in Melbourne, Australia, they grew to become one of the largest forex brokers in the world. If traders want to find a broker that provides low spreads, fast execution, and award-winning support, then the answer is Pepperstone.

Pepperstone has a strong legality guarantee because it has been licensed by the Australian regulator ASIC and FCA. Traders' funds can be deposited in segregated accounts at top Australian banks, one of which is the National Australia Bank (NAB). Therefore, the safety of funds is not a concern if a trader chooses to open an account in Pepperstone.

They succeeded in collaborating with 23 top banks to bring Bid to investors instantly via optical fiber. This allows all orders to be executed 100 percent automatically with low latency up to 0.05 milliseconds, without dealing desk intervention and requotes, as well as with super low trading costs.

Trusted by over 73,000 traders around the world, Pepperstone processes an average of USD12.55 billion of trading volumes every day. Because of that, they have many awards such as:

  • The Best Global Forex ECN Broker 2019 and Best Forex Trading Support-Europe
  • Best Australian Broker and Best Trading Platform 2018 by Compareforexbrokers.com
  • Best Forex ECN Broker, Best Forex Trading Support, and Best Forex Trading Conditions by UK Forex Awards 2018

With the many rewards gained, Pepperstone hopes to attract more and more traders from all over the world. The rising performance of Pepperstone is not only due to the super-tight spreads and fast execution that it provides, but also because many traders are interested in trading with deposits in currencies other than US Dollars.

For this reason, Pepperstone is one of the most market-responsive brokers because it is willing to accept deposits in 10 currencies, which include AUD, USD, EUR, CAD, GBP, CHF, JPY, NZD, SGD, and HKD.

Trading in Pepperstone would allow traders to choose between 11 trading platforms: MT4 for desktop, MT4 Mac, MT4 iPhone, MT4 Android, MT4 iPad/Tablet, MT5, WebTrader, cTrader WebTrader, cTrader cAlgo, and cTrader Mobile. The choice of trading platforms may seem confusing to novice traders, but actually, it is very useful because it has fast execution.

When trading forex, traders can enjoy raw spreads from 0.0 pips on Razor accounts, over 61 currency pairs, and commission-free account funding on a wide range of deposit options. In addition to currency pairs, Pepperstone provides many types of trading instruments, including CFDs for indices and shares, commodities, and cryptocurrencies.

Instruments in commodity trading are pretty much diversified. Not only metal, gold, and silver, but traders can also trade with soft commodities such as cotton, sugar, coffee, cocoa, and orange juice. Pepperstone also provides trading on energy (oil and gas).

There are two types of accounts provided by Pepperstone, namely Razor accounts, and Standard accounts. If you area beginner, it is recommended to choose a Standard account with an average EUR/USD spread of 1.0-1.3 pips and free commission.

Those with particular trading styles such as scalpers and algorithmic traders may enjoy the lower cost setup traditionally seen in a Razor account, with a commission from AUD7 round turn of 100k traded. You can start trading with a minimum lot of 0.01 (micro) and 1:400 leverage.

As a Pepperstone client, a trader can fund and withdraw with alternative methods including Visa, Mastercard, POLi internet banking, bank transfer, BPay, PayPal, Neteller, Skrill, and Union Pay.

If you are new to trading or looking to practice your trading strategies in a risk-free environment, you can create Demo Account in Pepperstone. But if you are an experienced trader or prefer to learn by doing, Pepperstone provides a Live Account that allows you to trade with live executions and pricing.

Traders can also follow and copy strategies from popular traders using third-party services while learning how to improve their trading abilities. Pepperstone has partnered with a range of social trading platforms that traders can choose from, such as Myfxbook, ZuluTrade, Mirror Trader, MetaTrader signals, and Duplitrade.

 

4. XTB

XTB is a brokerage that allows its traders access to forex and CFDs instruments. This brokerage aims to be one of the best no slippage brokers for their clients by providing fast, reliable execution speeds via xStation and MT4.

The xStation 5 was specially designed to provide transparency, real-time market commentary, and live performance statistics. It's no surprise this platform was voted "Best Trading Platform 2016" by Online Personal Wealth Awards.

Website
Established
2002
Leverage
1:30
Min Deposit
$0
Regulation
FCA, 522157, CNMV, 40, Belize Financial Service Commission (FSC), IFSC/60/413/TS/19, FSA (Poland), 0000217580, Czech National Bank, 56720, DFSA (Dubai), 4365, FSCA, 49970, ESMA
PAMM
Personal manager
Segregated accounts
Free education
PayPal
Skrill
Wire transfer
Neteller

With more than 15 years of experience, XTB (rebranded from X-Trade since 2009) is one of the largest brokers in the world. They have offices in more than 10 countries, including Belize, UK, Poland, Germany, Spain, and France. XTB Group is regulated by the world's biggest supervision authorities including the IFSC, FCA, KNF, and CySEC.

As a regulated company, XTB holds all retail clients' funds in a fully segregated account, meaning they are not mixed with the broker's operational funds. This enables traders who register in XTB to trade with confidence in their funds' safety.

XTB tries to provide an easy-trading anytime and anywhere. They have a mobile application, xStation to realize that vision. Traders can access financial markets from their fingertips and choose from over 1,500 CFD markets including 48 currency pairs, cryptocurrencies, 20 indices, commodities (gold, oil, silver, etc.), stock, and 60 ETFs from around the world. This application can be downloaded in Google Play and App Store.

Traders also can access their platform by PC. XTB offers a web trade platform with access to more advanced tools for more advanced traders. It's fully compatible with Chrome, Firefox, Safari, and Opera web browser. Traders are provided with fast and reliable trade execution speeds. No wonder this platform has successfully presented XYB with awards such as Best Trading Platform 2016 by Online Personal Wealth Awards. Additionally, MetaTrader 4 is also available when trading in XTB.

XTB charges fees for forex, indices, and commodities trading. The amount of fees differ based on the types of accounts. For example, in Pro Accounts, traders have to pay a commission from $3.5 per lot for forex and a commission from 0.08% per lot for stock CFDs and ETF CFDs.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. When trading, clients have to prepare strategies. Based on XTB's data, 75% of retail investor accounts lose money when trading CFDs. Because of that, clients should consider their level of understanding of CFD trading and their affordability to take high risk.

Traders can increase knowledge by joining XTB's Trading Academy program. There is a vast array of content that's geared towards helping traders, including video tutorials, trading courses, articles, and much more. Traders can choose a topic from different levels of education and enhance their skills across the stages of the trading journey.

Furthermore, there are several ways to deposit funds in XTB, including bank transfer, credit cards (Mastercard, Maestro, Visa), as well as e-Wallets (Skrill, Paysafe, Neteller, and many more). But, some of these methods may incur additional charges. For example, when using Neteller methods, traders have to pay 1% of their deposited amount.

Traders can contact XTB's customer support that is available 24/7. They are ready to answer all of the traders' questions and solve the problems, whether by email, phone, or live chat.

Overall, XTB is recommended as an ideal broker with top-tier regulation and trading platforms. Its education feature is also worth joining in as many traders are still in the process of perfecting their consistency and continue to learn the dynamic change in the forex market.

 

5. FP Markets

FP Markets is a forex and CFD brokerage that focuses on execution speeds. Other than being one of the best no slippage brokers, FP Markets also implements ECN which offers traders transparency in their trading.

FP Markets employs advanced technology and infrastructure to reduce slippage and ensure fast and accurate trade execution. They have a deep pool of liquidity providers and utilize advanced order-matching systems to minimize the chances of slippage. By accessing multiple liquidity sources, FP Markets aims to provide traders with competitive pricing and efficient trade execution.

They also support trading on the go with their new mobile app. Another reason why you should consider FP Markets is their competitive swap rates. Each forex pair has its own rollover fee; you can calculate it using their handy dandy forex swap rates calculator on MT4 and MT5.

Website
Established
2005
Leverage
1:500
Min Deposit
$100
Regulation
ASIC, CySEC, FSCA, FSA (Seychelles)
Free education
Personal manager
Trading by telephone
PAMM
MAM
Segregated accounts
Affiliate program
Islamic accounts available
Hedging
Negative balance protection
Low spread eur/usd
VPS
Copy trading
FasaPay
Neteller
Skrill
Wire transfer

Keeping positions open overnight won't result in the overnight/rollover fee reducing your earnings, so you don't have to worry about it. FP Markets offers the most competitive swap rates in the industry by introducing Swaps Points in the form of a live swap rates list on the MT4 and MT5 platforms. Here are some examples:

  • ACWI: -5.00 for long positions and -2.50 for short positions.
  • ADAUSD: -20.00 for long positions and -20.00 for short positions.
  • AGG: -5.00 for long positions and -2.50 for short positions.

 

6. Admirals

As an example of the best no slippage broker, Admirals focuses on giving their clients the lowest latency by locating their server next to all major liquidity providers

The forex and CFD brokerage provides MetaTrader Supreme Editions in addition to their regular MT4 and MT5 trading platforms. This set of features allows their clients to trade with advanced charting and indicators. Besides, Admirals is well-known for their Islamic Account.

 

7. Roboforex

Roboforex is one of the best no slippage brokers that also rewards forex cash back (rebates) for their clients. You can receive rebates every month depending on closed positions on your account. This promo is available for MT4, MT5, and cTrader platforms.

RoboForex utilizes advanced technology and liquidity providers to reduce slippage and provide fast order execution. By maintaining strong liquidity relationships, RoboForex aims to minimize slippage for their clients.

In addition to those platforms, Roboforex also provides its own web platform that grants access to global markets accompanied by cutting-edge technologies and a classic design for maximum user interface and experience. Roboforex allows various deposit methods including Bitcoin and WebMoney.

Website
Established
2009
Leverage
1:400
Min Deposit
$50
Regulation
Belize Financial Service Commission (FSC), The Financial Commission
Bonuses
Trading contests
VPS
MAM
Compensation scheme
Negative balance protection
Segregated accounts
Islamic account
Low spread eur/usd
Copy trading
Affiliate program
Skrill
Neteller

Well-known as one of the most committed brokers in trading technology advancements, RoboForex reaches out to a wide range of traders, from beginners to the more experienced ones who seek sophisticated trading environments with ECN-like spread and execution. The company is established in 2009 and holds a head office in Belize. Registered under the IFSC Belize, RoboForex manages to attract clients with fantastic leverage as high as 1:2000.

Following its commitment to be the forefront in terms of a high technology forex broker, RoboForex provides various trading platform choices including MetaTrader 4, MetaTrader 5, Social Platform, and its proprietary platform.

Trading instruments range from Currencies to Metals, Indices, Energies, Stocks, and ETFs. Aside from basic service, trading in RoboForex also presents a collection of distinctive features such as the PAMM system and Social Trading network developed with their own brand of CopyFX, ETFs, and stocks that reaches up to thousands as the available trading assets, and tight spreads.

RoboForex also accepts payment through a surprising online gateway besides wire transfer and credit card. The alternative methods are Skrill, Neteller, UnionPay, Perfect Money, and other similar online payments.

After opening an account, traders can start with a minimum deposit as low as $10 in Pro Accounts. To specify, here is a short description of each type of accounts that traders can choose from in RoboForex:

Pro-Standard

  • Minimum Deposit: $10
  • Spread: from 1.3 points
  • Minimum order volume: 0.01
  • Leverage: up to 1:2000

ECN-Pro

  • Minimum Deposit: $10
  • Spread: from 0 points
  • Minimum order volume: 0.01
  • Leverage: up to 1:300

Prime

  • Minimum Deposit: $5,000
  • Spread: from 0 points
  • Minimum order volume: 0.01
  • Leverage: up to 1:100

Pro-Cent

  • Minimum Deposit: $10
  • Spread: from 1.3 points
  • Minimum order volume: 0.1
  • Leverage: up to 1:2000

R Trader

  • Minimum Deposit: $100
  • Spread: from $0.01
  • Minimum order volume: 1 stock
  • Leverage: up to 1:200 (during the trading session) and up to 1:4 (after the trading session)

The R Trader account signifies RoboForex's attempt to distinguish forex and stock trading condition. It appears that the platform used in that particular account is RoboForex's in-house product that is specifically designed for stock online trading.

The overall description above depicts RoboForex as a distinguished broker despite its status as an offshore-regulated entity. Not only successful in providing various trading technology, but RoboForex also focuses on stock trading for more conservative traders. However, it is also important to note that RoboForex is one of the few brokers that boldly offer an extremely high perimeter of leverage at 1:2000.

 

8. FXPrimus

FXPrimus hosts all kinds of instruments to trade anywhere. They also cater to all kinds of clients through multiple account types, including an ECN type account. FXPrimus deserve to be on the list of the best no slippage brokers due to their lightning-fast execution for every account type.

Website
Established
2009
Leverage
1:1000
Min Deposit
$15
Regulation
CySEC, FSCA, VFSC
Bonuses
PAMM
Personal manager
Trading contests
Segregated accounts
VPS
Managed accounts
Free education
Skrill
Wire transfer
Neteller
FasaPay

Branding their trading service as a three-pronged approach of safety through technology and education, FXPRIMUS is a broker operated by Primus Markets INTL Limited, a member company of the FXPRIMUS Group regulated by Vanuatu Financial Services Commission (VSFC). Other members in the network include Primus Global Ltd (regulated by CySEC) and Primus Africa (Pty) Ltd (regulated by FSCA).

Founded in 2009, FXPRIMUS brought their safety assurance with several programs like negative balance protection, segregated account, top-tier liquidity, third-party monitoring, and professional indemnity insurance of €2.5 million.

As for the main trading conditions, FXPRIMUS offers spread from 0.1 pips with a minimum trading size of 0.01 lot. Trading instruments in FXPRIMUS cover most of the highly traded assets in the financial market, starting from forex major pairs, equities, indices, energies, precious metals, and cryptocurrencies.

Interestingly, trading in FXPRIMUS also leads to the offering of two special accounts seemingly based on spread and/or execution, which are Variable and ECN Premium accounts. Traders who register under the ECN account would be served with the lowest spread starting from 0 pip. As much as its flexibility to present many kinds of trading accounts, FXPRIMUS doesn't describe the trading specifications for every account in great detail.

Therefore, traders may face difficulties when doing some research on additional but important specs such as maximum leverage, Stop Out and Margin Call levels for each account, etc. Nonetheless, spread and swap details are provided thoroughly on a special page labeled as Live Spreads and Swap. This reflects on FXPRIMUS' commitment as a transparent broker.

On the deposits and withdrawals front, FXPRIMUS generously gives traders with 0% fee policy. It enables traders to be more flexible in managing their deposit and withdrawal numbers without considering the number of fees that may be applied to their transactions. The payment methods vary from Wire Transfer, Credit Card, electronic payment like FasaPay and Skrill, as well as Bitpay that facilitates cryptocurrencies' holders.

Although the minimum deposit following an account opening in FXPRIMUS is quite high for new traders, this broker greatly emphasizes the importance of educational features. Traders can take advantage of numerous features like Weekly Outlook, Expert Guests, tutorial videos, and Webinars that serve educational purposes as well as analytical importance.

Unfortunately, FXPRIMUS hasn't upgraded its platform to a dual offering with MT4 and MT5. The broker still focuses on MT4 as the only trading platform for its traders, even though it tries to be at the forefront of high-end brokers in terms of technology advancement by providing VPS, Platinum API, and an in-house PAMM platform.

In conclusion, FXPRIMUS is an ideal broker to traders looking for safety aspects and mid-level trading technology. Considering its minimum deposit standard, it is recommended for traders with intermediate-level experience.

 

9. NordFX

This brokerage claims to provide their clients with effective trading due to stable servers and platforms with order executions as fast as 0.5 seconds. That's why NordFX becomes one of the best no slippage brokers.

Website
Established
2008
Leverage
1:1000
Min Deposit
$10
Regulation
VFSC
PAMM
Personal manager
VPS
Managed accounts
Free education
Trading by phone
WebMoney
Skrill
Wire transfer
Neteller

NordFX is known as an online Forex and CFD broker company operating in Vanuatu. Following the norm of forex brokers in the country, NordFX is registered under the Vanuatu Financial Services Commission (VFSC). Although not as popular as Cyprus as an offshore destination, Vanuatu still serves as one of the main offshore jurisdictions for retail online brokers.

One of the main advantages of opening a trading account in NordFX is the simplicity in trading registration and flexibility in trading conditions. Those characteristics somehow offset the negative sides of offshore brokers that concern the majority of traders with big deposits.

As for NordFX, the maximum leverage offered reaches up to 1:1000, allowing traders to dream big with small capitals (but high-disciplined trading rule and psychology). The available instruments vary from tens of forex pairs, commodity-based CFDs, and index-based CFDs. This allows traders to get involved in not only currency markets but also stock indices, precious metals, and oil markets.

Compared to other forex brokers with a similar level of credibility, NordFX is quite generous in its spread policy. The Pro and Zero accounts are equipped with spreads starting from 0.9 pips and 0.0 pip respectively. Yet, the Fix account is presented with 2 pips spread, which is quite ironic since the account is the most suitable for small traders with a minimum deposit starting only from $10.

Here are the basic specifications for each account types in NordFX:

Fix Account

  • Minimum deposit: $10
  • Spread: from 2 pips
  • Leverage: up to 1:1000
  • Account Balance: in USD, ETH, and BTC
  • Quote precision: 4 digits
  • Commission: None

Pro Account

  • Minimum deposit: $250
  • Spread: from 0.9 pips
  • Leverage: up to 1:1000
  • Account Balance: in USD, ETH, and BTC
  • Quote precision: 5 digits
  • Commission: None

Zero Account

  • Minimum deposit: $500
  • Spread: from 0.0 pips
  • Leverage: up to 1:1000
  • Account Balance: in USD, ETH, and BTC
  • Quote precision: 4 digits
  • Commission: 0.0035% per trade (each side)

For platform choices, trading in NordFX allows the use of both MetaTrader 4 and MetaTrader 5; all available for desktop and mobile interfaces. It signifies the broker's initiative to keep up with current trends as MetaTrader 5 is starting to gain followers, while MetaTrader 4 is kept to facilitate its faithful users. Both have a tremendous selection of Expert Advisors, custom indicators, as well as Strategy Providers in their built-in mirror trading feature.

NordFX accepts payment from nearly all of the popular online methods among retail traders around the globe. Hence, it’s not surprising to see it offering traders a wide range of payment methods that include Bank Transfer, Visa, MasterCard, WebMoney, Skrill, Neteller, Perfect Money, Qiwi, and many others. However, NordFX hasn't accepted payments via cryptocurrency wallets even though the broker is starting to promote the digital asset as its latest recommended trading instrument.

To conclude, NordFX may hold the unavoidable impression of being an offshore forex broker. However, it is still highly competitive and considered ideal as traders' preferred choice for a broker with zero spread conditions and flexible leverage. Since the loose trading condition usually goes hand in hand with a high-risk trading environment, it is also important to implement cautious measurements on all front when calculating money management and risk management in NordFX.

 

10. Axi

Axi is a CFD brokerage that is also an example of the best no slippage brokers. They claim to provide supersonic executions by using cutting-edge technologies that connect their price engine directly with over 20 liquidity sources.

That way, they make sure that all transactions are delivered faster, refreshes faster, have a greater depth of liquidity, and experiences fewer outages.

Website
Established
2007
Leverage
1:500
Min Deposit
$0
Regulation
ASIC, 318232, FCA, 509746, DFSA (Dubai), 2758, FSCL (New Zealand), FSP518226
Bonuses
PAMM
Personal manager
Trading contests
Segregated accounts
VPS
MAM
Free education
Trading by phone
Skrill
Wire transfer
Neteller

If traders are looking for brokers with elite class regulations, Axi can be the right choice. Axi is an Australian broker registered under ASIC and FCA. This is the main point because the two regulators are widely recognized to have strict regulations.

"Created by traders, and for traders" is a mission carried by Axi since its foundation in 2007. They continue to strive to accommodate the needs of traders. Axi had the strongest brand association with being "trustworthy" among current FX Traders in December 2014.

In addition, Axi also received other awards, including the most reliable Forex Broker 2017, Highest Overall Client Satisfaction Investment Trend 2017, Commenced back-office operations in Philippines, Cyprus & Singapore 2018, Best MT4 Broker 2018 by the UK Forex Awards, and the Most Trusted Forex Brokers by the 2018 Forex Forex Awards. With the various achievements that have been obtained, Axi seeks to build the confidence of traders from all over the world.

Traders can monitor the movements of spreads on Live Spreads, which are provided by Axi on its official website. These floating spreads are beneficial for traders when price volatility is not high.

In addition to spreads, the difference is also seen in the commission on each account. There is a commission of around USD7 for Pro Accounts, whereas, for Standard Accounts, traders do not need to spend funds for commission.

Meanwhile, the minimum trade size is 0.01 lots and leverage is up to 1:400. Traders can choose their deposit amount because Axi does not specify a minimum amount. Instead, traders have the opportunity to profit when trading on Axi with a 20% deposit bonus. Opportunities to open positions thus increase, accompanied by deposit bonuses that can be withdrawal easily and quickly.

There are around 80 currencies and CFDs traded on Axi. Besides, the company also offers traders looking for diversified investments in other assets like gold, silver, oil, and 11 indices. To attract the attention of traders from various countries, Axi also provides a variety of currencies that can be used by traders as base currency, including AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, and USD.

Traders at Axi can enjoy free VPS provided by third parties by depositing a certain amount. The Virtual Hosting Service uses an external server to ensure the platform stays running 24 hours a day and prevents Downtime. Of course, this service is very useful for those who use Expert Advisors.

When trading forex, chart analysis becomes an unavoidable activity. Traders do not need to worry about that when trading with Axi. Because one of the advantages of the Axi broker is Autochartist signals. This facility is useful for following market movements precisely. For traders who use MT4 Standard Account and MT4 Pro Account, they will get Autochartist signals for free.

Besides being able to easily understand the pattern of price movements through Autochartist, Axi also provides easy access to sophisticated trading tools under the name of MT4 NexGen. The advantage of this platform is to find out trading sentiments, Market Insights, Correlation Traders, and Alarm Managers. With this technology, traders can easily access super-fast networks and can handle any high-frequency inflows to scalping.

Traders can also add knowledge about forex trading with the Webinar facility, which is provided by Axi for free. Professional traders and experienced analysts will provide traders with a variety of new trading knowledge in this education program.

Not only that, opening an account in Axi can lead to other experiences such as copying trading strategies from professional traders, with tools like as DupliTrade, Myfxbook, and ZuluTrade. Traders are free to copy trading strategies from professional traders and apply them to their own trade.

If there are still other questions, traders can contact Axi support that is active 24/5. Their staff comes from all over the world, so they got a global team that speaks traders' language from various countries in the world.

 

Slippage Can Be Positive, But Why It's Better to Avoid It At All?

Although there is a slip in the price, that doesn't always mean you end up losing your earned pips. Some No Dealing Desk (NDD) brokers have the capability to give you the next best price as long as liquidity is available, so the slippage can vary between negative and positive.

A positive slippage is when an order is transmitted and the new price is below your requested price for a buy order and vice versa. Oppositely, a negative slippage gives you a price difference that makes you lose some pips.

For instance, a long position at 1.1200 would be more profitable if the slippage causes the trade to be executed at 1.1198. It means there will be 2 extra pips in different when you close the position with a profit.

But what if the slippage leads to the execution at 1.1205? Your profit would be certainly deducted by 5 pips.

Now that we know the danger of negative slippage, it's also important to understand that not all brokers can guarantee you positive slippage. This kind of uncertainty adds more risks for traders who frequently look for opportunities in volatile markets.

That's why some traders prefer to eliminate slippage altogether. It's just not worth it to accept slippage as it is when the chance of receiving negative to positive slippage is never guaranteed.

 

After Thought

It's almost impossible to completely avoid slippage as long as you trade in a volatile market. Other than looking for the best no slippage broker, there are some other methods to protect your margin.

For example, you can use a limit order to open or close positions. By using this, your order is guaranteed to be filled at your requested price or better.

Let's say you request a buy limit at 1.290, then the price will only be filled at 1.290 or below. However, finding a broker with quick execution times is still highly recommended to minimize slippage.