⭐ Instant vs Market vs Exchange Execution Forex
ⓘ Forex brokers offer Instant and Market Execution only
| Execution | Definition |
|---|---|
Instant execution |
|
Market execution |
|
Exchange execution |
|
Request execution |
|
ⓘ Execution type/mode is chosen & set by each Forex broker
Traders can't choose the execution type, it is preset by the broker.Execution by Platforms
| Platform | Instant execution | Market execution | Exchange execution | Request execution |
|---|---|---|---|---|
| MT4 | yes | yes | x | yes |
| MT5 | yes | yes | yes | yes |
| cTrader | x | yes | ||
| ActTrader | yes | yes | ||
| Currenex (vary by version) | yes | yes | ||
| TradeStation | yes | yes | ||
| WebTrader | yes | yes |
MT4/MT5 Execution and Order types explained
| MT4/MT5 Orders | Instant execution | Market execution | Exchange execution | Request execution |
|---|---|---|---|---|
| Fill or Kill (FoK) | yes | yes | yes | yes |
| Immediate or Cancel (IoC) | x | yes | yes | x |
| Return order | x | yes | yes | x |
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