5 best Forex brokers & platforms with instant execution in comparison

See the list of the 5 best Forex brokers with instant execution:

Broker:	Review:	Execution SPEED:	Regulation:	Assets:	Advantages:	Open account:
1. Capital.com	(5 / 5) ➜ Read the review	Instant	FCA, CySEC, ASIC, SCB	3,000+ (138+ currency pairs)	+ Competitive spreads + No commissions + High security + Multi-Regulated +3700+ markets + Personal support + Education center	Live account from $20 by card Sign up your trading account (Risk warning: 78.1% of retail CFD accounts lose money)
2. Vantage Markets	(5 / 5) ➜ Read the review	Instant	CIMA, ASIC	300+ (40+ currency pairs)	+ Fast execution + MT4 & MT5 + Low trading fees + No hidden costs + Free bonus + Multi-regulated	Live account from $200 Open your free trading account (Risk warning: Your capital can be at risk)
3. IC Markets	(5 / 5) ➜ Read the review	Instant	ASIC, FSA, CySEC	232+ (65+ currency pairs)	+ Supports MT4 & MT5 + No hidden fees + Spreads from 0.0 pips + Multi-regulated + Fast support team + Secure forex broker	Live account from $200 Open your free trading account (Risk warning: Your capital might be at risk.)
4. Pepperstone	(4.8 / 5) ➜ Read the review	Instant	FCA, ASIC, CySEC, BaFin, DFSA, SCB, CMA	180+ (60+ currency pairs)	+ Authorized broker + Multi-regulated + 24/5 support + Low spreads + Leverage up to 1:500	Live account from $200 Open your free trading account (Risk warning: 74-89 % of retail investor accounts lose money when trading CFDs)
5. FxPro	(4.9 / 5) ➜ Read the review	Instant	FCA, CySEC, FSCA, DFSA, SCB	250+ (70+ currency pairs)	+ Multi-regulated + User-friendly + Mobile trading + Competitive spreads + Free demo account	Live account from $100 Open your free trading account (Risk warning: 72.87% of CFD accounts lose money)

Trading in the forex market requires precision and a lot of research. This is why the order of the execution of the trade is very important in this field. Although there are various execution types, instant execution is more favored by a lot of traders. This is because it allows traders to open up a trade at the exact price that they want.

If you do your research, you will see that almost all brokers out there offer instant execution on their platforms. But how do you know if that broker is the right one for you? There are a lot of things to consider when choosing a forex broker.

Here are just a few of them:

• Is it safe?
• Is it regulated?
• Are you familiar with the platform being used by the broker?
• Is it available in your country? 
• Can you rely on their customer service representatives?
• Are the fees and commissions reasonable or affordable?

It’s a lot of work to go through all these brokers one by one. This article will help narrow down your choices to make the decision process a little easier for you. Here are the five best instant execution forex brokers available on the market.

List of the 5 best Forex brokers with instant execution:

1. Capital.com

Capital.com is a well-known forex broker that was established in 2016. Although it is fairly new to the trading scene, this company already has four offices located in Australia, Cyprus, Bahamas and the United Kingdom.

To ensure that Capital.com is safe to use, this company is regulated by four regulatory bodies. These are the SCB of Bahamas, ASIC or Australian Securities and Investments Commission, CySEC or Cyprus Securities and Exchange Commission, SCB of the Bahamas, and FCA or Financial Conduct Authority.

To help you make an informed decision, here are some advantages and features that Capital.com has to offer:

• It’s fast to open an account.
• It has low trading fees.
• You only need at least $20 by card to open an account.
• Free demo account.
• The broker uses the MetaTrader 4 platform.
• You can trade on your mobile device via the mobile application.
• Free educational materials on the main website.

It’s important to remember that although a particular broker has a lot of advantages, there are also quite a few cons or disadvantages. Here is a list of the downside to using Capital.com.

• The platform only supports five currencies
• You can’t customize your trading chart or workspace.
• The mobile application on IOS devices only supports Face ID or Touch login.

(Risk warning: 78.1% of retail CFD accounts lose money)

2. Vantage Markets

Vantage Markets is an Australian-based forex broker that was founded in 2009. Its main office can be found in Sydney, but they have more than 30 headquarters located around the world. Vantage Markets is permitted to operate in more than 170 countries, which makes it highly accessible to almost everyone around the globe.

This forex broker is regulated by the FCA or Financial Conduct Authority as well as the ASIC or Australian Securities & Investment Commission. Vantage Markets also ensures the safety of their client’s funds by segregating their investments from one another. You can read more about their privacy policy on the main website.

Here’s a list of some of Vantage Markets‘ advantages:

• Offers 44 forex pairs.
• Available as a mobile application.
• Uses MetaTrader 4 or MT4 and MetaTrader 5 or MT5 platforms.
• It features a forex calendar to help you keep track of the market.
• The platform sends out trading signals to keep you updated.
• Free demo account.
• Opening an account is very easy and straightforward.
• There are tons of educational materials available for free on the website.

Now let’s jump into some of the disadvantages of this particular forex broker:

• The minimum deposit is quite high ($200)
• The Pro account will require at least $20,000 as a minimum deposit.
• If you want to fully access the Pro Trader Tools that Trading Central provides, you need at least $1,000 in your account.

(Risk warning: Your capital can be at risk)

3. IC Markets

IC Markets was founded in 2007 and is a popular Australian-based forex broker. It has several offices around the globe, and they have more than 250 employees to help you start your forex trading journey.

The company is closely monitored and permitted to operate by three well-known regulatory bodies. These are the FSA or Financial Supervisory Authority, the ASIC or Australian Securities and Investments Commission, and CySEC or Cyprus Securities and Exchange Commission.

Here are the pros of this particular forex trading broker:

• It has low fees when it comes to forex trading.
• The process of opening an account is quick and easy.
• There are no withdrawal or deposit fees.
• You won’t be charged an inactivity fee.
• You can trade on either the MetaTrader 4, MetaTrader 5, or cTrader platform.
• All the platforms are also available on the mobile application.
• The website features a free learning center.
• You can sign up for a demo account without spending any money.

Now, here are some of the cons of IC Markets:

• It does not have a proprietary trading application.
• The deposit fee is a bit high compared to other brokers ($200).
• The customer support representatives in the live chat are slow to respond.
• There is no option to receive price alerts from the trading platform.
• It is difficult to find educational videos on the website.

(Risk Warning: Your capital can be at risk)

4. Pepperstone

Back in 2010, a group of traders in Melbourne, Australia, formed a company that would change the online trading world. Now known as Pepperstone, this online broker was created to improve the trading experience of traders around the globe.

Seven regulatory bodies closely monitor Pepperstone. These are the ASIC, CMA, BaFin, DFSA, SCB, and CySEC. Additionally, this broker has won multiple prestigious awards and has more than 300,000 clients from around the world.

Here are some of the advantages you can enjoy if you choose Pepperstone as your broker:

• Creating an account won’t take more than five minutes.
• The customer support representatives are prompt to answer and are very helpful.
• Zero withdrawal and deposit fees.
• You won’t be charged an inactivity fee.
• The minimum deposit to open an account is $0.
• You can trade on the MetaTrader 4, MetaTrader 5, or cTrader platform.
• All the platforms are accessible via the mobile app.
• You gain access to all the trading guides and educational materials on the website.
• Take advantage of the free demo account.

Keep in mind, however, that Pepperstone has a couple of disadvantages as well:

• The fee for holding a position overnight is quite high.
• Clients outside Australia or the EU will be charged a withdrawal fee.
• There is no option to enable price alerts on the trading platform.
• The customer support system is not available 24/7.

(Risk warning: 74-89 % of retail investor accounts lose money when trading CFDs)

5. FxPro

FxPro is an online forex broker based in the United Kingdom. It was established in 2006 and earned the title “Most Trusted Forex Brand” in 2017. FxPro currently has over 1,800,000 customers from more than 170 countries.

There are four regulatory bodies that are currently involved with FxPro. These are the FCA or Financial Conduct Authority, the FSCA or the Financial Sector Conduct Authority, CySEC or the Cyprus Securities and Exchange Commission, and SCB or Securities Commission of The Bahamas.

Below is a list of the advantages of FxPro:

• You can view real-time market news on the website.
• There is no deposit or withdrawal fee.
• You can test out the platform using a free demo account.
• The trading fees are low.
• It’s very easy to open an account.
• The minimum deposit required is only $100.
• You can customize your charts.
• You have the option to turn on alerts for price changes.
• There are free educational videos and trading tutorials on the website.

Now here are the disadvantages of this online forex broker:

• FxPro charges an inactivity fee.
• There are no webinars available on the website.
• Customer support is not available 24/7.
• The trading platform could use a more updated design or interface.
• The broker only accepts a few minor currencies.

(Risk warning: 72.87% of CFD accounts lose money)

What does instant execution mean for forex traders?

From the word itself, instant execution happens when an order or a trade is opened the moment the asset matches the volume and price set by the client or trader. Beginners mostly prefer this type of execution because you simply have to list down your preference, and the broker will take care of it.

However, there is a chance the price will change while the broker processes your order. The broker will respond with a requote if the change is greater than the deviation value indicated in the transaction, and you can accept the revised price or reject the order execution entirely. Keep in mind that the broker will not execute your order without your go signal.

This mostly happens when the market is volatile. This means the prices of the assets will change in a matter of seconds. This is sometimes very hard to track. You will need to keep an eye on your notifications to see if the broker sent you any requotes so you can respond or act on it as soon as possible. So you have to do a bit of research before you decide on utilizing the instant execution method.

Advantages:

The advantage of utilizing the instant execution method is you get to open trades the instant the asset hits the volume or price that you want. For example, if you want to open a trade for EUR/USD at the asking price of 1.04774, you simply have to set it, and the broker will automatically execute the trade for you once that particular forex pair hits that price.

Disadvantages:

Although it may seem like opening trades using the instant execution method is very easy and straightforward, it comes with some disadvantages as well. You may have the option to set the exact asking price that you want, but what if it never hits that number? Your funds will just be sitting idle.

Another disadvantage is the instant execution method is not the best method to use when the market is at its most volatile. If the price changes too fast, the broker will be sending you requotes after requotes to see if the current price is okay for you. But what if you’re not able to respond instantly? You will miss profitable trading opportunities because the broker can not open your trade without your consent.

Why is instant execution very important for forex traders?

The instant execution method is very important to forex traders, especially to those who don’t have the luxury of time to sit in front of their computers all day to monitor the charts. Beginners also utilize this method because it is very easy to set up. It also simplifies the process of opening or executing trades in the forex market.

Deposits

The process of depositing funds to your live account is almost always the same. You create an account by filling out the details on the form, you verify your email address or phone number, and the broker will ask you to deposit funds into your account.

However, you want to make sure that the broker you partnered with supports your preferred deposit method and currency. Let’s go through the deposit methods of all five brokers mentioned in this article.

• Vantage Markets

First up is Vantage Markets. This broker supports deposits via bank or wire transfer, debit or credit card, and electronic wallets. Bank or wire transfer typically takes 2-3 days to process. When adding funds using a card or online wallet, this only takes a couple of minutes or hours.

You can deposit funds using your Visa or MasterCard. If you prefer online wallets, you can deposit via Neteller, Skrill, AstroPay, FasaPay, JCB, or UnionPay. The broker supports nine currencies in total. Among these are major currencies like EUR, GBP, USD, NZD, CAD, and more. However, the company does not support minor currencies. Make sure to check out the list of currencies available depending on your preferred deposit method.

• Capital.com

Capital.com supports the three deposit methods mentioned above. Bank or wire transfer is available in all countries. When depositing using bank cards, Capital.com accepts MasterCard, Maestro, and Visa credit and debit cards. As for online wallets, these vary depending on your country. But the most common online wallets are ApplePay, PayPal, and Sofort.

Deposits made via card payment will instantly appear in your account. As for online wallets, this usually takes 24-48 hours. Lastly, when adding funds via wire or bank transfer, you should wait for up to three business days.

• IC Markets

When adding funds to your IC Markets account, you have the option to use your MasterCard or Visa debit or credit card, wire transfer, or any of the supported e-wallets. The e-wallets you can choose from are PayPal, Neteller, Skrill, UnionPay, FasaPay, Bpay, Rapidpay, and Klarna.

Most of these deposit methods instantly add the funds to your IC Markets account. However, you should check out the list of methods on the website for more details. The company supports deposits made using AUD, NZD, USD, JPY, HKD, CHF, CAD, EUR, SGD, and GBP.

• Pepperstone

With Pepperstone, you only have four options. These are Visa debit or credit card, MasterCard debit or credit card, bank transfer, or PayPal. The amount you deposit should immediately reflect on your Pepperstone account. However, if you used the bank transfer method, you should give it at least three business days.

There are nine available base currencies on Pepperstone’s platform. These are AUD, USD, SGD, EUR, CHF, GBP, HKD, JPY, and NZD. This broker does not charge a deposit fee or conversion fee.

• FxPro

FxPro supports bank transfer, debit or credit card, and online e-wallets. For bank transfers, it usually takes one day to process, and the available currencies are EUR, ZAR, AUD, PLN, JPY, CHF, GBP, and USD.

If you decide to add funds using your Visa, Maestro, or MasterCard debit or credit card, it will reflect on your account in a couple of minutes. The supported currencies for this method are AUD, PLN, JPY, CHF, GBP, USD, and EUR.

As for deposits made using Skrill, Neteller, or UnionPay, the processing time is usually instant, and the supported currencies are EUR, PLN, USD, GBP, JPY, and CHF.

Withdrawals

You can easily withdraw your funds via the same method you used to deposit money into your account. Depending on the broker, there may be a withdrawal fee. Additionally, depending on the method you opt for, the processing time may vary from a couple of hours to a couple of business days.

You can find all the details on the website of each broker. If you encounter any problem, you can simply send them an email or contact their customer support representatives to help you with the withdrawal process. Rest assured that your funds are safe and secure.

Conclusion – It makes sense to choose a broker that offers instant execution

When looking for a forex broker that supports instant execution on their platform, you also have to do your own research. Although this article contains a lot of important information on the five best forex brokers available, you shouldn’t simply take our word for it.

All the forex brokers mentioned above feature free demo accounts. Use this to your advantage. Take some time to register for a free demo account so you can check out the platform. Test its tools and capabilities to see if the platform has everything you need for your trading journey.

You might also want to consider doing some research on alternative brokers. Reading articles and reviews is a good way to get information, but it’s still best if you check out the website or even talk to one of their customer support representatives. This will help you get more details that you can use to make a more informed decision.

As for the instant execution method, you have to make sure that this is the ideal method for you. If you’re just starting out as a forex trader or you simply want to test the waters, the instant execution method is right for you.

But don’t go thinking that once you set up the price you want, you’re done, and you just have to sit back, relax, and wait to make a profit. Remember, the forex market is unpredictable. You don’t know when the prices will move. There are also times when the market is extremely volatile.

You also need to keep in mind that the broker will send requotes if the asset does not hit the price that you want. If you’re not attentive, you might miss out on a profitable trading opportunity. It’s best to check on your account from time to time to see if the broker requires a go signal from you to execute your trade.

FAQ s– The most asked questions about Forex brokers with instant execution :

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Last Updated on January 5, 2024 by Andre Witzel