Are you looking for best execution Forex brokers?

​The non-farm payroll (NFP) figure is a key economic indicator for the United States economy. NFP data is important because it is released monthly, making it a very good indicator of the current state of the economy. NFP releases generally cause large movements in the forex market. The NFP data is normally released on the first Friday of every month at 8:30 AM ET by the Bureau of Labor Statistics. 

Whether you are a fresh retail trader or a veteran in the forex market, you may sometimes get confused. Which forex platform should I choose? Which one has the low latency and high trading speed? This article will provide you data for trading speed of 26 forex platforms after NFP's issue on 6, November 2020. The rankings are listed below:

For your convenience, we Fazzaco has created a chart in comparing the trading speed for opening/closing a position of forex platforms in EUR/USD for your reference.

Assessment Method: 2 market execution orders + 3 pending orders (including 1 stop-loss or take-profit order) for each platform, using a real account.

Instrument: EUR/USD

Assessment Tool: Screen recorder App and stopwatch

Assessment Time: 21:30, GMT+8, Nov. 6, 2020

You may wonder what factors are affecting order execution. Actually, good order execution depends on three main factors: the speed of the broker's servers, the liquidity of the market and the size of the order. As the infrastructure of trading platform, the broker's server is the guarantee for the speed of order transfer. Generally speaking, good forex brokers have powerful servers that ensure orders can be traded as quickly as possible. Therefore, if you want to find forex platforms with good order execution speed, you may compare the performance of different forex platforms.

As a regular column of Fazzaco, Column Companies​ provides information for the whole forex chain including Forex Brokers, Forex Liquidity Providers, and Forex Trading Software Providers, etc. You may click Companies to get to know the comprehensive information about different forex platforms and providers for solutions.