Execution Methodology

 

We strive to be the most competitive online forex broker in the world. Customers executing trades on our platform as opposed to one of our competitor's platforms can save quite a few pips per trade due to the following features:

Why is Euro Bancorp the Best Forex Broker ?

EXTREMELY COMPETITIVE EXECUTION

1. Spreads as low as 1pip!
Most competitive online forex brokers offer 3 - 5. Euro Bancorp offers spreads as low as 1 pip! Less spread means less cost means more profits.

2. ESP dealing (Executable Streaming Price feed), no RFQ (request for quote).
Most brokers still offer RFQ execution. Most customers don't even understand just how much money they lose using such a system and those brokers directly benefit from the request for quote method of execution.
RFQ works in the following manner:
- The client clicks on bid or ask to ask for a quote (therefore divulging his intention).
- The broker (knowing the client's intention) quotes him a worse quote.
- The client accepts the quote because the difference remains minimal in his eyes.
- The client probably doesn't realize that doing this repeatedly can be extremely costly.

Euro Bancorp takes the onerous concept of re-quoting out of the equation. Our system is only ESP (executable streaming price) capable which means that customers click only once to trade.

ESP works in the following manner:

- The client clicks on bid or ask to execute immediately. Period.

This is purely ONE CLICK DEALING and is the most competitive way of trading Foreign Exchange.

3. WYCIWYG execution, no slippage ever.
What you click is what you get. In contrast to competitor firms at Euro Bancorp no execution ever occurs at another price other than the one you’ve clicked on.

4. Guaranteed orders in all market conditions!
Limit, stop, if done & trailing stop orders are always executed at the specified price in all market conditions regardless how volatile! Basically during open trading hours there's no slippage whatsoever.

5. Constant liquidity.
Euro Bancorp partners only with the largest and most famous foreign exchange institutions who collectively represent over 70% of the 3.2 trillion daily global foreign exchange market liquidity. The higher the liquidity, the easier it is to enter and exit the market.

With Euro Bancorp and WYCIWYG execution the fx trader makes transactions on a 3 pip fixed spread, no re-quotes, no slippage and instant execution. No other dealer offers such a sharply competitive online execution service. Don't settle for less than the most competitive execution!

Execution Rules

Euro Bancorp is dedicated to performance and transparency. We offer the most competitive trading platform and conditions available. This section is dedicated to explaining the intricacies of the Forex market and our policies on trading execution. We suggest to all our clients to read this section attentively so as to be conscious of the following conditions and trade within a fully transparent environment - Euro Bancorp regards execution as paramount and our WYCIWYG motto is at the root of all our developments.

Trading during open hours:

Open and un-interrupted Forex trading hours are from 22:00 CET Sunday to 23:00 CET Friday. During these times the platform is fully tradable and the dealing desk (+41 58 226 2202) is open. Furthermore there is a 24 hour customer support desk on hand to help you with any platform related issues.

Normal market conditions:

  • In normal market conditions (Liquid, low volatility) - spot orders will be executed at the price the client clicks on (WYCIWYG) - no slippage whatsoever.
  • Spreads quoted are as low as 1 pip. Euro Bancorp taps into 70% of global Foreign Exchange liquidity through its numerous Liquidity providers, which are among the largest financial institutions in the world.
  • Stop and Limit orders will be executed once the market has reached the client's designated price (Ask on a Buy and Bid on a Sell) - Euro Bancorp are the only Forex Broker to guarantee the execution of and price on such orders.

Volatile Markets:

  • In volatile market conditions (during market moving news events or particularly active markets) spot orders will be executed at market price if prices haven't moved in the accepted latency times. The client will not be filled at a different price than what was clicked, in normal market conditions.
  • Stop and Limit orders will be filled at designated price and continue to be guaranteed regardless of volatile markets.
  • Spreads during volatile markets are susceptible to enlargement as financial institutions hedge against the elevated risk and exposure in these instances. Euro Bancorp strives to keep these enlargements as low and ephemeral as possible, hence our partnerships with multiple liquidity providers to allow our systems to select the best bid and ask prices amongst our provider banks.

Illiquid or thin markets:

  • Illiquid markets can occur when market activity is low or during important economic and political announcements. This is due to a lack of buyers and sellers on the global currency markets and, this is common just after Sunday opening and NY close on Fridays. Spread enlargement and liquidity freeze usually subsides after Tokyo open at 01:00 - 02:00 CET. In these irregular circumstances spreads may be slightly wider.
  • These market conditions also arise in exceptional cases - such as a global economic slowdown or interbank credit squeeze to name a few. Spreads during these markets can be enlarged (as a result of the liquidity providers covering their risk).

Holiday/Weekend execution:

The foreign exchange markets close on the weekends as liquidity drops to untradeable levels. The weekend starts at 23:00 CET on Friday and ends at 22:00 CET on Sunday. During these times all Euro Bancorp trading platforms are not tradable and can only be accessed on a "view-only" basis. Furthermore, the dealing desk and customer support services are suspended.

  • During the weekend, no spot market orders can be placed into the market and prices will be frozen on the platform (as no prices are quoted).
  • No alterations to existing positions or pending orders are possible during the weekend pause.
  • Pending Limit or Stop orders (limit, stop, trailing stop, OCO, IF-DONE, IF-DONE OCO included) are not guaranteed during the weekend pause and will be executed at "Market Best" on the Sunday open - hence the stop or limit order becomes a spot market order at the opening price.
  • If the market gaps substantially during the weekend and the Sunday opening sees a client's account being margin called on a price far inferior (on a long position) or superior (on a short position) to the usual 1% margin call price, this 1% margin call will be respected - the account will NEVER suffer a negative balance, under no circumstances.

Euro Bancorp urges its clients to take all of this information into account when trading the Foreign Exchange market. Proper use of the powerful tools Euro Bancorp offers and a careful consideration for the risks encountered when trading the global currency markets is of paramount importance. Euro Bancorp maintains that it offers the most competitive trading conditions and a platform that is constantly updated and revamped with execution reliability and performance in mind.