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Slippage

Slippage is an inherent aspect of fast-moving markets, impacting trades in both positive and negative directions.

Causes of Slippage

Slippage occurs when an order is submitted at a specific price, but the market shifts before execution, rendering that price unavailable.

Weekend Slippage

Slippage, a common phenomenon during weekend market closures, can lead to disparities between the anticipated execution price of a trade and the actual price when markets resume trading.

News Event Slippage

Slippage, which often occurs during periods of increased market volatility, becomes more pronounced, especially when major news events trigger abrupt price fluctuations.

Public Holidays

Slippage is more likely to occur in illiquid markets, like those observed during public holidays, causing discrepancies between expected and actual trade execution prices.

Fast Markets

The swift and substantial price movements in fast-moving market conditions, as often seen during breakouts, can create slippage. Slippage occurs when the execution price of a trade differs from the expected price due to the rapid pace of price changes.

Slippage Handling at MYFX

At MYFX Markets, we are committed to ensuring equitable treatment for all our clients. To provide a fair trading environment, we handle both positive and negative slippage scenarios in a manner consistent with the practices observed in the underlying markets.

In situations where the interbank market, from which we source our prices, moves in favour of our clients, we strive to execute orders at a more favourable price. Conversely, if the market moves against them, we adjust orders accordingly to reflect the price differences resulting from slippage.

These adjustments align with the slippage we experience based on the best aggregated prices obtained from our network of banks and liquidity providers.

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MYFX Markets Pty Ltd registered address is U801 and U802, 6 Glen street, Milsons Point, NSW 2061, Australia, ABN 64 602 904 987 provides you with educational resources to help you become familiar with all the trading features and tools in the trading platform. With the demo account you can test any trading strategies you wish in a risk-free environment. Please bear in mind that the results of the transactions of the practice account are virtual, and do not reflect any real profit or loss or a real trading environment, whereas market conditions may affect both the quotation and execution. FX products are leveraged products and trading FX therefore involves a high level of risk that may not be suitable for everyone. MYFX Markets recommends that you ensure that you fully understand the risks involved before making any decision concerning MYFX Markets’ products. Independent advice should be sought if necessary.

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