Question: What is "Exchange Execution"on MT4/MT5 trading platforms?
In the “Exchange Execution” mode, trade operations conducted in the trading platform are sent to an external trading system (exchange)
Trade operations are executed at the prices of current market offers.
With this execution model, you are provided with the fair trading environment.
As all your trades will be executed by the exchange(the liquidity providers) directly, but your Forex brokers will have no space to intermediate or manipulate transaction results.
With “Exchange Execution” model, you can benefit from STP(Straight Through Processing) trading environment.
4 different execution models
There are 4 different execution models available on MT5 trading platform, which are’
- Instant Execution
- Market Execution
- Request Execution
- Exchange Execution
The last two execution models (Request and Exchange) are new models available only on MT5 but not on MT4.
The execution models are decided by your Forex broker, but you cannot choose one out of them.
If you like to find out which execution model is used for your trading account, please right click in the “Market Watch” window and select “Symbols”. Then refer to the specified field below.
For the list of MT4 and MT5 brokers, please visit the page below.