Spreads & Execution

Spreads

Spreads on Fondex cTrader are floating for all instruments, with prices coming directly from top tier liquidity providers. Using a proprietary aggregator, we are able to offer clients ultra-low pricing and reduce the trading costs that a third-party solution would incur.

Floating vs Fixed spreads

The basic advantage of floating over fixed spreads is cost-effectiveness; traders get the best market price at any given time and do not have to pay insurance premiums as with fixed spreads.

Execution

Fast & reliable

Fondex cTrader was built as a Direct Market Access platform and our execution is always defined by its lightning fast speed and precision. Unlike other popular platforms, Fondex cTrader is connected directly to liquidity providers and doesn’t require a bridge for passing orders to the market.

No requotes

We make sure that you receive the best available market price at the moment of opening a position and that there is no dealing desk intervention on trading activity. Our deep liquidity allows us to eliminate requotes and offer our clients top trading conditions.

Positive slippage

Fondex aims at providing optimal quality execution and offers traders price improvements via positive slippage. Even in times of market volatility, we strive to keep negative slippage to an absolute minimum.

Order Types

Market Order

An order to buy or sell an instrument at the current market price. The order is guaranteed to be filled with no requotes and no dealing desk intervention.

Pending orders

When you place a limit, a stop order or a stop limit order, you are instructing the platform to sell or buy if the currency pair moves away from its current price and reaches a specified rate. Once triggered, limit and stop orders are executed as market orders.

Buy Limit: An order to open a long position at a price lower than the market price. You could place this order when you expect that the price of an instrument will increase after it has reached the limit price.

Buy Stop: An order to open a long position at a price higher than the market price. If you expect that the price of an instrument will keep increasing after it has reached the stop price then you can place this order.

Buy Stop Limit: An order to open a long position that is a combination of a stop order and a limit order. A stop-limit order functions as a stop order (i.e. placed above current market price) but with the benefit a limit order. This means you can set a limit for the price you are willing to accept. If the market moves outside the specified limit, the trade will be cancelled.

Sell Limit: An order to open a short position at a price higher than the market price. You could place this order when you expect that the price of an instrument will drop after it has reached the limit price.

Sell Stop: An order to open a short position at a price lower than the market price. You could place this order when you expect that the price of an instrument will keep decreasing after it has reached the stop price.

Sell Stop Limit: An order to open a short position that is a combination of a stop order and a limit order. A stop-limit order functions as a stop order (i.e. placed below current market price) but with the benefit of a limit order. This means you can set a limit for the price you are willing to accept. If the market moves outside the specified limit, the trade will be cancelled.

Stop Loss: An order used to manage risk and limit losses. Once you place a stop loss order, your position will be closed when the market price has reached the specified rate.

Take profit: An order used to define your profit target and lock in your profits. Once you set a take profit order, your position will be closed once the market price has reached the specified rate.

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