Slippage is a natural occurrence in any fast moving market, and it works both ways – positive and negative.
Slippage happens when an order is placed for a particular price, but before it can be filled the market moves and that price is no longer available.
1. When a market gaps, either over the weekend or after a news event (like payroll figures or interest rate decisions); and
2. When a price is clicked on and has substantially changed in the time it took to get back to the executing bank or broker.
For the benefit of all its clients, Myfx Markets 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 Myfx Markets would slip its clients to a better price, if the interbank market from which Myfx Markets 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 Myfx Markets gets from the best aggregated price obtained from its banks and liquidity providers.
Myfx Markets prides itself on the fair treatment of all its clients.
Warning: FX market involves significant risks, including complete possible loss of funds. Consequently trading is not suitable for all investors and traders. By increasing leverage risk increases as well.
Myfx Markets, the trading name of AXIS INC. , 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.
Legal: Myfx Markets, the trading name of AXIS INC., is incorporated under registered number 24078IBC2017 by the Registrar of International Business Companies, and registered by the Financial Services Authority.
Current Disclaimer: The content of this website does not constitute a recommendation and, consequently, you should consider the information in light of your objectives, financial situation and needs before making any decision about whether to acquire any MYFX Markets' financial products. A Disclosure Document is available here or sending email to email@example.com or by calling +64 9 889 4022, which should be considered prior to acquiring or continuing to hold CFDs. Information about our services, including our fees and charges is also available at those sources.
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