Choose your quick section of our best Instant Execution Forex Brokers below.
Our 10 Best Handpicked Instant Execution Forex Brokers Revealed:
However, with Instant Execution the broker can reject the execution and reply with a requote. The requote can be accepted or denied. Instant execution is generally used by market maker brokers.
OvalX
OvalX offers investors access to over 5,000 global markets on its TraderPro trading platform, available for both smartphone and desktop. OvalX is regulated by the Financial Conduct Authority (FCA).
Pros and Cons
| Pros | Cons |
| Segregates client funds | Doesn’t allow scalping |
| Min. deposit from $100 | Inactivity Fee |
| Regulated by Financial Conduct Authority | Limited range of instruments |
OvalX offers over 5,137 different instruments to trade, including over 60 currency pairs all on MT4 or custom TraderPro platforms. Forex Pairs made available will be Broker dependant.
Trading Benefits
| Trading Features | Accounts offered | Funding methods |
| Allows scalping | Demo account | Credit cards |
| Allows hedging | Micro account | Bank Transfer |
| Offers STP | Mini account | Neteller |
| Standard account |
Customer Service is available via Phone, Email and Live Chat.
XTB
XTB is a European broker which was founded in 2002, and has offices in 13 countries across the globe. XTB is regulated by the UK Financial Conduct Authority (FRN 522157) and has been listed on the Warsaw Stock Exchange since 2016. XTB is a fintech company which combines financial services with innovative technology and it offers clients two platforms to choose from:
- xStation5
- MT4
Pros and Cons
| Pros | Cons |
| Lowest FX spreads | Does not accept U.S. clients |
| Regulated by FCA (U.K.) | Non-FX spread costs are high |
| Offers protection for client accounts | No guaranteed stop loss |
| Emphasis on customer service | No back-testing or automated trading capabilities |
Traders can choose from 25 crypto CFDs (9 individual coins or 16 crypto pairs) which are available 7 days a week (from 3am Saturday to 9pm Friday). Traders can buy or sell digital coins with 2:1 leverage and 365-day expiry.
Trading Benefits
| Trading Features | Accounts offered | Funding methods |
| Allows scalping | Demo account | Credit cards |
| Allows hedging | Micro account | Bank Transfer |
| Offers STP | Mini account | PayPal |
| Low min deposit | Standard account | Skrill |
| Guaranteed stop loss | Islamic account | Payoneer |
| Offers Negative Balance Protection | Neteller |
XTB support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, Turkish, Arabic, and Russian.
AvaTrade
AvaTrade is an online broker which was founded in 2006 and offers Forex, CFDs, Spread Betting and Social Trading and is a global broker with their head office situated in The British Virgin Islands. AvaTrade is regulated in Europe, the British Virgin Islands, Australia, Japan, and South Africa by ASIC, CySEC and FCA.
Pros and Cons
| Pros | Cons |
| Used by 200,000+ traders | Doesn’t offer VPS |
| Established in 2006 | Not FCA Regulated |
| Regulated by Central Bank of Ireland, ASIC, IIROC, FSA, FSB, UAE and BVI | |
| Min. deposit from $100 |
For those who are looking to start out with AvaTrade will need a minimum deposit of $250 and a demo account is available for those who want to get acquaint with the popular MT4 forex trading platform. AvaTrade also offer mobile apps for Android and iOS. Forex Pairs made available will be Broker dependant.
Trading Benefits
| Trading Features | Accounts offered | Funding methods |
| Allows scalping | Demo account | Credit cards |
| Allows hedging | Micro account | Bank Transfer |
| Low min deposit | Mini account | PayPal |
| Standard account | Skrill | |
| Islamic account | Payoneer | |
| Neteller |
Customer support is available by email, phone, or live chat.
Alpari
Alpari with its long-standing brand history, numerous offices, range of account types and diverse managed account offerings is the perfect choice for Forex and CFD traders who are looking to leverage the power of MetaTrader platforms. Alpari is regulated by the FSC.
Pros and Cons
| Pros | Cons |
| Transparent | Limited Research Tools |
| Suitable to all trader types | |
| No Deposit Fees |
Alpari integrates research content from several third-party providers under its Forex Analytics section and is a MetaTrader-only broker. The native versions of the mobile app for MetaTrader 4 and MetaTrader 5 are available for Android and iOS devices straight from the developer.
Trading Benefits
| Trading Features | Accounts Offered | Funding Methods |
| 250 tradable assets | Micro | Wire Transfer |
| PAMM Accounts | Standard | Credit/Debit |
| ECN | E-Wallets | |
| Pro MT4 | Cryptocurrency |
Customer Service is available via live chat, email and phone service.
Admiral Markets
Admiral Markets is an online broker which was founded in 2001 and offers Forex and CFDs trading, is globally recognized and has a head office based in the United Kingdom. Traders will need a minimum deposit of $200 to start and can sign up for a demo account to in over 148 instruments and over 40 currency pairs. Admiral Markets is authorised and regulated by the UK Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC) and the Estonian Financial Supervision Authority (EFSA).
Pros and Cons
| Pros | Cons |
| Segregates client funds | Inactivity Fee |
| Established in 2001 | |
| Regulated by CySEC | |
| Min. deposit from $100 |
Admiral Markets offers both of the MetaTrader platforms; MT4 and MT5 and mobile apps for Android and iOS.
Trading Benefits
| Trading Features | Accounts offered | Funding methods |
| Allows scalping | Demo account | Credit cards |
| Allows hedging | Micro account | Bank Transfer |
| Offers STP | Mini account | Skrill |
| Low min deposit | Standard account | Payoneer |
| ECN account | Neteller |
Admiral Markets offers multilingual customer support via Telephone, Live Chat and Email.
Exness
Exness is authorised by the Financial Services Authority (FSA) of Seychelles and was founded in 2008. Traders have the ability to trade on Forex and CFDs on Crypto, Metals, Energies, Stocks and Indices on the MetaTrader 4 and MetaTrader 5 trading platforms for Windows, Mac, Linux, Android and iOS and the Exness Web Terminal.
Pros and Cons
| Pros | Cons |
| 107 currency pairs. | Licensing in the Seychelles –low level of protection |
| Low commissions | Narrow choice of markets. |
| Zero spread accounts. | No instruments for passive investment. |
| Wide choice of trading accounts | Superficial learning and analytical content. |
| Over 60 base currencies of the account |
Exness offers traders 5 different trading accounts to choose from and over 105 different instruments to trade, including over 103 currency pairs.
Trading Benefits
| Trading Features | Accounts Offered | Funding Methods |
| Low Trading Fees | Cent | Visa |
| Allows Hedging | Classic | MasterCard |
| Allows Scalping | Mini | E-wallets |
| Mobile Trading | ECN | Perfect Money |
| One Click Execution | FasaPay | |
| Web Based Trading | Wire Transfer |
Exness supports a wide range of languages including English, Russian, Chinese, Urdu, Malay, Indonesian, Hindi, Arabic, Bengali, Farsi, Tamil, Vietnamese, Thai, Korean, and Spanish via Live Chat and Email.
IG
IG Group was founded in 1974 and is regulated by the Financial Conduct Authority (FCA) in the U.K. and the Australian Securities and Investment Commission (ASIC) in Australia.
Pros and Cons
| Pros | Cons |
| Used by 178,000+ traders | Inactivity Fee |
| Established in 1974 | Limited range of instruments |
| Regulated by Financial Conduct Authority and ASIC | |
| Min. deposit from $250 |
The country of a traders residency will determine which account type they can open. In most countries, they will only be able to trade forex, CFDs and options. Traders can choose between two trading platforms, IG’s proprietary trading platform or MetaTrader 4.
Trading Benefits
| Trading Features | Accounts offered | Funding methods |
| Allows scalping | Demo account | Credit cards |
| Allows hedging | Mini account | Bank Transfer |
| Offers STP | Standard account | PayPal |
| Low min deposit | Payoneer | |
| Guaranteed stop loss |
Customer Service is available 24/7 via Phone, Live Chat and Email.
HYCM
HYCM is an online broker which was founded in 1977 and offers Forex and CFDs trading on the popular MT4 forex trading platform plus mobile apps for Android and iOS.
Pros and Cons
| Pros | Cons |
| Segregates client funds | Doesn’t offer VPS |
| Established in 1977 | Inactivity Fee |
| Regulated by Financial Conduct Authority | Limited range of instruments |
| Min. deposit from $1 | Not ASIC Regulated |
Traders starting off with HYCM will need to make a minimum deposit of at least $100 and have the choice to sign up for a demo account perfect for various levels of traders, experienced or novice. A wide variety of instruments and currency pairs are available for trade:
- Over 100 instruments
- Over 40 currency pairs
Trading Benefits
| Trading Features | Accounts offered | Funding methods |
| Allows scalping | Micro account | Credit cards |
| Allows hedging | Mini account | Bank Transfer |
| Low min deposit | Standard account | PayPal |
| Islamic account | Payoneer |
HYCM customer service is available through WhatsApp, Skype, Viber, Telegram Instant messaging services, Facebook Chat and Phone – 24/5.
FXCM
Forex Capital Markets Limited or FXCM is a Spread Betting, CFD and Forex trading broker, authorised and regulated by the UK Financial Conduct Authority under the Forex Capital Markets Limited and is part of the Leucadia Company, which offers users the ability to trade on Forex, Forex Baskets, Indices, Commodities and Crypto on its own proprietary Trading Station platform for Desktop, Web and Mobile, as well as on MetaTrader 4, NinjaTrader and ZuluTrade. Forex Pairs made available will be Broker dependant.
Pros and Cons
| Pros | Cons |
| Segregates client funds | Limited range of instruments |
| Established in 1999 | |
| Regulated by Financial Conduct Authority | |
| Min. deposit from $1 |
FXCM offers traders 4 main types of retail investor accounts to choose from, including Spread Betting, CFD Trading, Active Trader and Professional Clients. A Free Demo account is also made available.
Trading Benefits
| Trading Features | Accounts offered | Funding methods |
| Allows scalping | Demo account | Credit cards |
| Allows hedging | Mini account | Bank Transfer |
| Offers STP | Standard account | Payoneer |
| Low min deposit | Islamic account |
Customer Support is available via Live Chat, Phone, Email and SMS.
City Index
City Index is a world leader in spread betting, FX and CFD Trading, regulated by the Financial Conduct Authority (FCA). The City Index trading platform offers traders a range of customisation options, which includes 16 chart types with 65+ indicators specifically designed for investors to perform technical analysis.
Pros and Cons
| Pros | Cons |
| Used by 140,000+ traders | Doesn’t allow scalping |
| Established in 1983 | Inactivity Fee |
| Regulated by Financial Conduct Authority, ASIC and MAS | Limited range of instruments |
| Min. deposit from $25 |
To open a live trading account, traders will need a minimum deposit of at least $25. City Index offers over 12,500 different instruments to trade, including over 84 currency pairs on the ever-popular MetaTrader4 trading platform.
Trading Benefits
| Trading Features | Accounts offered | Funding methods |
| Allows hedging | Demo account | Credit cards |
| Offers STP | Micro account | Bank Transfer |
| Low min deposit | Mini account | Payoneer |
| Guaranteed stop loss | Standard account | |
| Managed account | ||
Multilingual Customer support is available by email, phone, or live chat.
CMC Markets
CMC Markets is a multi-asset class spread betting and CFD broker which is regulated by the UK’s Financial Conduct Authority (FCA). Clients have the ability to trade on more than 9,000+ trading instruments covering Indices, Forex, Cryptocurrencies, Commodities, Shares and Treasuries, all on the MetaTrader 4 platform or the broker’s own proprietary, web-based Next Generation platform.
Pros and Cons
| Pros | Cons |
| Extensive range of offerings | Does not accept U.S. clients |
| Regulated by FCA (U.K.) | Differences between Next Generation and MT4 |
| Emphasis on education & customer service | High CFD spreads for certain indices |
| Research amenities are industry leading | No back-testing or automated trading capabilities |
CMC Markets offers a wide range of instruments to trade on covering all major asset classes such as 300+ Forex instruments, 60+ Indices, 15 Cryptocurrencies, 90+ Commodities, 30+ Treasuries and 9,000+ Shares and ETFs.
Trading Benefits
| Trading Features | Accounts Offered | Funding Methods |
| No Deposit Bonus | CMC Markets CFD Account | Wire Transfer |
| Stop Loss | CMC Corporate Account | Credit Card |
| CMC Stockbroking Account | e-Wallets | |
| CMC Spread Betting Account | ||
| CMC Markets Professional Account |
Customer support is available 24/5 via Live Chat, Telephone, and Email.
EasyMarkets
EasyMarkets is one of the most popular choices for Beginners (according to audience insight) in the foreign exchange market and is regulated by CySEC (Cyprus) and ASIC (Australia) and offers beginner forex traders:
- Enhanced risk management tools as standard
- Fixed spreads on all forex pairings
- An easy-to-use forex trading platform
Pros and Cons
| Pros | Cons |
| Segregates client funds | Doesn’t offer VPS |
| Established in 2003 | Limited range of instruments |
| Regulated by CySEC and ASIC | Not FCA Regulated |
| Min. deposit from $1 |
The available trading platforms offered are MT4 and the EasyMarkets web platform.
Trading Benefits
| Trading Features | Accounts offered | Funding methods |
| Allows scalping | Demo account | Credit cards |
| Allows hedging | Micro account | Bank Transfer |
| Low min deposit | Mini account | Payoneer |
| Guaranteed stop loss | Standard account | Neteller |
| Offers Negative Balance Protection | Islamic account |
Customer Support is available 24/5 via various chat channels, email, phone and web forms.
Forex Time (FXTM)
FXTM or ForexTime was founded in 2011 and is a registered brand name of Exinity Limited, regulated by the Financial Services Commission of Mauritius with license number C113012295. FXTM offers users seven different accounts types where the execution method, range of markets, available platform, and commissions and fees may vary. Three accounts are offered under the Standard category. Forex Time (FXTM) is a MetaTrader broker which offers forex and CFD traders multiple account options for both MT4 and MT5 platforms.
Pros and Cons
| Pros | Cons |
| Segregates client funds | Limited range of instruments |
| Established in 2011 | Not ASIC Regulated |
| Regulated by CySEC | |
| Min. deposit from $10 |
FXTM provides research in the form of daily technical and fundamental news analysis provided by an in-house team of analysts.
Trading Benefits
| Trading Features | Accounts offered | Funding methods |
| Allows scalping | Demo account | Credit cards |
| Allows hedging | Micro account | Bank Transfer |
| Offers STP | Mini account | Payoneer |
| Low min deposit | Standard account | Neteller |
| Offers Negative Balance Protection | Zero spread account | |
| ECN account | ||
| Islamic account |
Customer Service is available via phone, email, online chat options – WhatsApp, live chat, Viber, Telegram or Messenger.
Forex.com
Forex.com is a platform which can be used for trading foreign currencies and precious metals. Traders can trade over 80 currency pairs as well as silver and gold.
Pros and Cons
| Pros | Cons |
| Segregates client funds | Doesn’t offer VPS |
| Established in 1999 | Not ASIC Regulated |
| Regulated by Financial Conduct Authority | |
| Min. deposit from $50 |
To open a live trading account, traders will need a minimum deposit of at least $50.
Trading Benefits
| Trading Features | Accounts offered | Funding methods |
| Allows scalping | Demo account | Credit cards |
| Allows hedging | Mini account | Bank Transfer |
| Offers STP | Standard account | |
| Low min deposit | ECN account | |
| Islamic account |
Customer support is available by phone, live chat, or email 24 hours a day during market hours.
FXPro
FXPro is an online broker which was founded in 2006 and offers Forex, Share Dealing, Spot Indices, Futures, Spot Metals and Spot Energies trading. FXPro is a global broker with a head office located in the UK. FXPro is regulated by CySEC and operates under the CIF license number 078/07. As a CySEC regulated broker, FXPro is also a member of the Investor Compensation Fund scheme. FXPro provides traders with access to top-tier liquidity and advanced trade execution with no dealing desk intervention and a starting account will need a minimum deposit of $100.
Pros and Cons
| Pros | Cons |
| Easy Account Opening | Only CFDs and Forex |
| Excellent Customer Service | High Trading Fees |
| Free Deposit and Withdrawal | Inactivity Fee |
With FXPro, the minimum and maximum trade requirements vary depending on the trader and the instrument chosen.
Trading Benefits
| Trading Features | Accounts offered | Funding methods |
| Allows scalping | Micro account | Credit cards |
| Allows hedging | Mini account | Bank Transfer |
| Low min deposit | Standard account | PayPal |
| Negative Balance Protection | Islamic account | Payoneer |
| Neteller |
FXPro offers customer support 24 hours a day, 5 days a week via Live Chat, Telephone and Email in a variety of different languages including English, Spanish, French, Polish, Malay, Arabic, Chinese, Greek, Hungarian, Japanese, Korean, Russian, Thai, Vietnamese, Indonesian and others.
InstaForex
InstaForex is a global online brokerage which is registered and regulated in several offshore jurisdictions around the world, including the EU jurisdiction of Cyprus.
Pros and Cons
| Pros | Cons |
| No requirements for minimum deposit | High commissions on Forex market |
| Low commissions on CFDs on stocks | Low diversity of available markets |
| Support of Islamic accounts | |
| Wide selection of trading platforms |
InstaForex allows traders open an account with as little as $1 and Welcome bonuses may be on offer.
Trading Benefits
| Trading Features | Accounts offered | Funding Methods |
| PAMM Accounts | Insta.Standard | Credit Cards |
| Market Analysis | Insta.Eurica | E-Wallets |
| Cent.Standard | Bitcoin | |
| Cent.Eurica | Wire Transfer |
Customer service is available 24 hours a day, with local phone numbers for nine countries, as well as through popular apps like Telegram, WhatsApp, Skype, and others channels.
BlackBull Markets
BlackBull Markets is a forex & CFD brokerage which is fully regulated by the New Zealand’s Financial Service Providers Register (FSPR). Trading instruments on offer include more than 20 foreign currency pairs, six major stock indices, and the popular commodities gold, silver, as well as WTI & Brent oil which can all be traded across either the classic MetaTrader4 (MT4) or the newer MetaTrader5 (MT5) platforms.
Pros and Cons
| Pros | Cons |
| Commission Free Accounts | No US Clients |
| FIX API trading | No Fixed Spread Accounts |
| No Dealing Desk | Limited Trading Tools |
Trading Benefits
| Trading Features | Accounts Offered | Funding Types |
| ECN | ECN Standard | Wire Transfer |
| Leverage 1:500 | ECN Prime | Credit/Debit |
| ECN Institutional | Skrill | |
| Neteller |
Customer support is available via phone or live chat, both of which are open 24 hours on all trading days.
TD Ameritrade
TD Ameritrade is one of the largest online brokers to date, overseen by top-tier U.S regulators like the SEC and FINRA.
Pros and Cons
| Pros | Cons |
| Extensive research capabilities | Credit/Debit Cards not available |
| Additional support channels |
TD Ameritrade offers investors a large array of account offerings, an extensive range of investment choices, educational resources, and diverse trading platforms. Tradable Securities include Stocks, Bonds, Mutual Funds and more.
Trading Benefits
| Trading Features | Accounts offered | Funding methods |
| Mobile Trading | Individual | Bank Transfer |
| Managed Portfolios | Joint | |
| Cash Management | Business | |
| No min deposit | Retirement | |
| Investment Options | College Savings | |
| Tax Loss Harvesting | Custodial | |
| Trust |
Customer Service is available via Phone and Email.
Conclusion
Investors will need to decide whether instant execution is best suited to their trading style and goals by weighing up the advantages and disadvantages. Instant execution may be more suited to traders who require an exact filling price and who wants to manage the risk of making trading decisions based on emotions.
FAQs
Is there a risk associated with Instant Execution?
Yes. As with any type of forex trading made available in the forex market, instant execution will carry a risk. This may include the inability to open order at a better price or limited trading strategies.
What is the difference between Market and Instant execution?
Instant execution refers to an order which will be executed at the requested price or receive a requote. A Market execution order will be executed at the available market price at the time, at VWAP (Volume Weighted Average Price).
Can I choose any Instant Execution Broker?
It is important to research a broker’s approach to instant execution before making trading strategy decisions.
Top 4 Brokers
