Order Execution Policy

1.1. All client orders are executed on the MetaTrader 5 (MT5) trading platform. NextTrade acts as the execution venue and counterparty to all client trades.

1.2. NextTrade operates a Straight Through Processing (STP) model with no dealing desk intervention in the execution of client orders. Orders are processed automatically through the platform.

1.3. Prices are sourced from tier-1 liquidity providers and aggregated to provide competitive pricing to our clients.

2.1. The following order types are available on the MT5 platform:

• Market Orders: An order to buy or sell at the best available price at the time of execution. Market orders are executed immediately at the current market price, subject to available liquidity.
• Limit Orders: An order to buy or sell at a specified price or better. A buy limit order is placed below the current market price; a sell limit order is placed above the current market price. Limit orders are executed only when the market reaches the specified price.
• Stop Orders: An order that becomes a market order once the specified price level is reached. A buy stop order is placed above the current market price; a sell stop order is placed below the current market price.
• Stop-Limit Orders: A combination of a stop order and a limit order. Once the stop price is reached, the order becomes a limit order to be executed at the specified limit price or better.

2.2. Stop-loss and take-profit orders may be attached to any open position or pending order to help manage risk. However, these orders are not guaranteed to execute at the exact specified price, particularly during volatile or gapping market conditions.

3.1. The Company takes all reasonable steps to obtain the best possible result for its clients when executing orders, taking into account the following factors:

• Price: The price of the instrument at the time of execution, including the applicable spread.
• Costs: All costs related to the execution, including spreads, commissions, and any other fees or charges.
• Speed: The speed at which the order is executed from the time it is submitted.
• Likelihood of Execution: The probability that the order will be executed in full at the requested price, taking into account market conditions and available liquidity.
• Size and Nature: The size of the order and its potential impact on the market.

3.2. For retail clients, the best possible result is primarily determined by the total consideration, which represents the price of the financial instrument plus all costs related to execution.

4.1. Prices displayed on the trading platform are sourced from tier-1 liquidity providers and represent the best available bid and ask prices at the time of display.

4.2. Spreads are variable and may widen during periods of low liquidity, high volatility, major news events, market open/close periods, or unusual market conditions.

4.3. The Company reserves the right to requote an order if the requested price is no longer available at the time of execution. In such cases, the Client will be offered the next best available price.

5.1. Slippage occurs when the price at which an order is executed differs from the price requested by the Client. Slippage may occur during periods of high market volatility, low liquidity, or when large orders are placed.

5.2. Slippage can be positive (executed at a price more favourable than requested) or negative (executed at a price less favourable than requested). The Company applies slippage symmetrically, meaning both positive and negative slippage are passed on to the Client.

5.3. Pending orders (stop orders, stop-loss, and take-profit) are particularly susceptible to slippage during market gaps, such as those occurring over weekends or during major news events.

6.1. NextTrade operates without dealing desk intervention in the execution of client orders. All orders are processed automatically through the MT5 platform according to the prevailing market conditions and available liquidity.

6.2. The Company does not manually intervene in the pricing or execution of client orders. However, the Company reserves the right to adjust or cancel trades executed at erroneous prices resulting from system errors, incorrect data feeds, or other technical malfunctions.

7.1. The Company regularly monitors the effectiveness of its order execution arrangements and this Policy to identify and correct any deficiencies.

7.2. This Policy is reviewed at least annually, or more frequently if a material change occurs that affects the Company's ability to obtain the best possible result for its clients.

7.3. The Company will notify clients of any material changes to this Policy via email and/or a notice on the website.

If you have any questions about this Order Execution Policy, please contact us: