Introducing the latest ranking of important overseas FX contract power What is a broker that does not reject contracts or have slippage? This article will thoroughly explain the recommendations. We will introduce the brokers that the author actually uses. If the overseas FX broker has a high contract power, it will be a great advantage especially for short-term trading and scalping trading, so we will introduce the recommendations.
What is contract power? What does it mean?
In FX, contract power refers to the power to decide to make a trade. Many people have experienced cases where their orders, whether limit or market, were rejected. Contract power is judged by the “accuracy of contract” and “contract speed”, and whether the order is settled at the intended price rate is a very big factor. The following factors have a very large impact on contract power. If you are using a top-class broker, at least in the target account, there will be little slippage.
Contract speed
Contract speed is the speed from ordering to contract. If the speed is slow, even if you order at the right time, the actual contract will not be accurate and losses will occur. The speed of contract is important. The difference in the rate when the order is placed and when it is contracted is called “slip” or “slippage”. If you put in a lot of lots and slip, it will go bankrupt depending on the situation, whether it is a currency pair or a virtual currency. It is easy to see with your eyes, and as a result, it is easy to be stressed about settlement.
The most important thing in scalping
The most important thing in scalping is the execution power and execution speed. In transactions that are made in a very short time of a few seconds to a few minutes, speed and execution power have a decisive impact. Since a small difference in pips can have a large impact on profits, it has a very critical impact in scalping. Some minor brokers may prohibit direct scalping. It is necessary to check thoroughly. If you actually connect and slip significantly in short-term trading, you will generally suffer losses in profits and losses.
It also affects limit orders
It also affects limit orders and stop-limit orders. Simply put, a limit order is something like “buy if it goes up above the current price, sell if it goes down,” and since the execution speed must be automatically applied when determining a limit order, if the speed is slow, you will hold a worse position than you thought. Beginners should check the liquidity and format when using funds, as they can now be viewed officially.
Beware of execution refusals
Beware of execution refusals. If the contract power is poor, contract rejection (requote) will occur. The overall environment, such as differences in trading methods and servers, has a strong influence. When choosing within the industry, it is recommended to choose a place with few contract rejections. Therefore, it is recommended to choose one by one and try using it to see if you can achieve a contract. Enter individually and check the speed and degree of operation. Recently, there are more and more companies that boast outstanding stability.
See the official website
It is also important to look at the official website. The average rate is sometimes published, which can be helpful when choosing. There are other things to check, such as whether the server is stable, such as specifications and processing in gold or currency pairs. Some places guarantee a 100% contract rate depending on the time of day. Standard accounts may have wide spreads, so be careful.
Does contract affect win rate?
Does contract affect win rate? It depends on whether you trade short-term or long-term. In comparison, in the short term, slippage and low contract occurrence rates have a big impact. The key is to choose a company that does not slip. It is best to research the company and try it out. You should be able to see these at the same time in the broker’s service from the menu.
STP and ECN
STP and ECN have a big impact. Of these two, the top companies with good reputations offer ECN accounts, which are recommended if you are focusing on spreads. You can continue to make profits even if you incur trading costs. You will be safe even if something happens. As a note, at least if you are aiming for this format, you should focus on this format. There are slight differences, but you need to know about it to increase your profits with fast contracts in products.
What is the “ECN method”?
The ECN method is named after the initials of “Electronic Communications Network”. It is a format in which orders are automatically matched, and each participant’s order is added as board information. In the ECN method, because large trading partners participate, the contract power is very high because the cover is automatically selected from the huge number of buy and sell orders.
What is the “STP method”?
The STP method is an ordering method named after the initials of “Straight Through Processing”. The rate of the financial institution of the cover is referenced, and the spread is added to the rate and presented to the trader. The FX broker will accept the order for the time being.
Contract is the lifeblood of short-term traders
As mentioned above, contract power is very important for short-term traders to accumulate and make promising trades. Generally, there are costs involved in trading back and forth, so accounts and services with high contract rates are a good fit. It is ideal to have a service with a fixed spread for 24 hours and a strengthened server. When using the function, the spread will change depending on the time of day, but it is recommended to use a place that is as stable as possible.
Are overseas FX companies recommended?
Are overseas FX companies recommended? We will explain the reasons. If you look at the following, you will clearly see that overseas FX is recommended. In either case, you should compare the data and contents yourself and choose a place where you can utilize your style. The best broker is one that can utilize the method itself and aim for opportunities. In either case, it is overwhelmingly recommended that investors open an account themselves and try it out.
Check the environment
Check the environment. Overseas data centers and infrastructure are better developed than domestic ones, so execution delays are less likely. Since customers have a wide variety of investments, overseas is recommended. Major companies have also announced that they will guarantee funds when server delays occur. There are great benefits to starting with a proven track record. Take a look at the terms of use and how to use it, and choose a place where you can make money with confidence. Also, it is ideal to have a demo when starting for the first time as a new user. You can learn about buying and selling knowledge, swaps, and advantageous fighting methods on the chart.
Abundant bonuses
Overseas FX has a wealth of bonuses. The spreads are wider and it is a disadvantage, but the bonuses can be used as credits, so they are great. Check the home page for unique bonuses, campaigns, and cashbacks. Ideally, you should start with a low cost and amount. Professionals also use places that are 100% slip-free. The main points are well managed and you can receive more bonuses than other companies, so you can make money by placing orders.
Zero-cut system
Unlike Japanese FX companies, the zero-cut system is applied overseas. In the zero-cut system, if the balance becomes negative due to some sudden market fluctuation, the broker will take over the negative amount, so there is no margin call. This system can reduce risk in combination with loss cut. Basically, this system exists because volatility increases when economic indicators are announced.
Maximum leverage
The maximum leverage is 25 times in Japan, and the same is true in Europe, which requires a considerable amount of margin. However, overseas FX companies have a maximum leverage of 1000 times or 2000 times, and you can trade even with very small amounts. Basically, select the appropriate leverage before creating an account. If you have funds, it is also suitable for large transactions. Ideally, there should be no slippage even with high leverage.
Trading method
Foreign FX adopts the NDD method, while domestic FX adopts the DD method. With the NDD method, traders trade directly with the interbank market, and the spread and trading fees become the company’s profits, but with the DD method, trades are made with dealers at FX brokers, and the trader’s losses become the FX company’s profits. As you can see from this, the more a trader continues trading with overseas FX, the more profitable the broker becomes.
Introducing overseas FX with high contract power
Now, let’s introduce overseas FX companies with high contract power. We have selected very popular and reliable brokers and compiled them into a list, so we hope you will find it useful. As shown below, the first, second, third, fourth, and fifth places are at least well-known, so we recommend each of them. Please consider the details while comparing them with others. If you are still experiencing problems even after using tools, etc., switch to a high-quality broker immediately. You can choose the broker you want.
XMTrading
XM actually has three companies. When you search online, you will find three hits: XM.com, XMtrading.com, and XMGlobal. Among them, XMTrading offers a comfortable environment for Japanese users, and is highly recommended as it has KIWAMI and Zero accounts.
| Brand name | XM | XMTrading | XMGlobal |
| Operating company | Trading Point Holdings LTD | Tradexfin Limited | XM Global Limited |
| URL | www.xm.com | xmtrading.com | xmglobal.com |
| location | Cyprus | Seychelles | Belize |
| license | FCA、ASIC、CySEC | FSA | IFSC、DFSA、ASIC、CySEC |
| Service Countries | Europe | Asia | others |
FXGT
FXGT is a relatively new FX company established in 2019. The operating company is 360 Degrees Markets Ltd., with a registered address in the Republic of Seychelles. Originally, they also offered services called Global GT and Crypto GT, but they were merged into FXGT in 2023. Of course, they also have a financial license, so you can rest assured that they have a high reputation among people. In the past, they have added many bonuses, and they are a good deal as they are a top-ranked broker.
| Operating company | 360 Degrees Markets Ltd. |
| Registered address | セーシェル共和国 Room 12, First Floor, Kingsgate House, Victoria, Mahe, Seychelles |
| Financial License | FSA: Seychelles Financial Services Authority |
| Established | 2019 |
Axiory
Axiory is an overseas FX broker established in 2015 by Axiory Global Ltd. Axiory is headquartered in Belize and incorporated as a “tax haven”. It has obtained the IFSC license from the Financial Services Agency of the Belize International Financial Services Commission, making it a very reliable and safe FX broker.
| Operating company | Axiory Global Ltd. |
| Established | 2015 |
| location | No. 1 Corner of Hutson Street andMarine Parade Belize City, Belize |
| Financial License | IFSC: Belize International Financial Services Commission |
Bigboss
BigBoss is an FX company established in 2013. It is based in Saint Vincent and the Grenadines and is operated by Prime Point LLC. It has a good reputation among traders and has not experienced any major problems or withdrawal refusals, so it can be said to be a very reliable company.
| Company | Prime Point LLC |
| Found | 2013 |
| Address | 1/F, First St Vincent Bank Ltd Building James Street Kingstown St. Vincent and the Grenadines |
| License | SVG FSA |
easyMarkets
easyMarkets was founded in 2001, making it by far the oldest company among overseas FX brokers. It is operated by EF Worldwide Limited, and is an FX broker based in the Marshall Islands. The Marshall Islands are a tax haven, so they tend to be the base of FX brokers.
| Operation Company | EF Worldwide Limited |
| Address | Ajeltake Road, Trust Company Complex, MH 96960, Ajeltake Island, Majuro, Marshall Islands. |
| License | CySEC,ASIC,FSA,FSC |
| Found | 2001 |
| URL | Click here |
Exness
Exness is a world-famous FX brand founded in 2008 with global expansion. It is a multinational corporate group that has obtained official financial licenses in multiple countries, including European and overseas subsidiaries and affiliates. As of April 2022, it boasts a trading volume of over 2105 trillion dollars.
| Operating company | Exness Limited |
| Registration number | 8423606-1 |
| Country of registration | Japan-Seychelles Relations |
| Company Address | 9A CT House, 2nd floor, Providence, Mahe, Seychelles |
| Established | 2008 |
| Number of Employees | 1054 |
| URL | Home Page |
| telephone number | (+248) 4346767 |
| email address | support@exness.com |
| Financial License | Seychelles Financial Services Authority |
FBS
FBS is an FX broker based in Vanuatu. Founded in 2009, it is a FX broker with a long history of operation. It has successfully expanded globally and has branches all over the world. It also has a financial license. It is well-known among overseas FX brokers, and deposits and withdrawals are safe.
| Operation Company | Mitsui Markets Ltd. |
| Established | 2009 |
| Address | 133 Santina Parade, Elluk, Port Vila, Efale, Vanuatu |
| License | VFSC、IFSC、CySEC |
HFM
The company profile of HF Markets is as follows. The company name has always been Hot Forex, but it changed to HFM in 2022. HFM is a very popular company, especially in Europe, and has won more than 60 awards, so it is very popular and well-known.
| Company Name | HF Markets(SV)Ltd |
| CEO | – |
| Found | 2010 |
| Address | Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont Kingstown, St. Vincent and the Grenadines. |
| Capital Stock | ? |
| Number of employees | 250 |
| support@hfm.com | |
| Licence | IBC No: 22747 IBC 2015 St. Vincent and the Grenadines |
| URL | Home Page |
iForex
iForex is a very long-established FX company, and this alone makes it trustworthy. The operating company is Formula Investment House Ltd, which was established in 1996, so it has a history of 30 years. It is based in the British Virgin Islands and has a financial license registered with the Financial Services Commission of the British Virgin Islands (BVI FSC).
| 運営会社 | Formula Investment House Ltd |
| 設立 | 1996 |
| 所在地 | 1, Wickham’s Cay, Road Town,Tortola BVI VG1110 |
| 金融ライセンス | BVI FSC：英領バージン諸島金融サービス委員会 |
IronFX
IronFX is a globally expanding FX broker established in 2010. As service information is provided worldwide, there are many registered users in Europe, Asia, the Middle East, Africa, and Latin America, and awareness is increasing. IronFX is recognized as a fast-growing FX broker, and in 2012 it won the Best Trading Platform 2012 award.
| Broker | IronFX |
| Established | 2010 |
| Headquarter | Cypros |
| Service Area | Europe Asia Africa Oceania North America South America |
| License | CySEC FCA ASIC |
| Address | 2, Iapetou Str., Agios Athanasios, 4101 Limassol, Cyprus |
| Tel | +44(0) 203 282 7777 |
| Owner | Markos A. Kashiouris Peter G. Economides |
| Company Name | Notesco Limited |
| URL | Home |
LandPrime
Land-FX is an FX broker established in 2013 by the operating company Land Prime Ltd. It has been in operation for over 10 years, so it can be said to be a fairly established broker. Its greatest appeal is its narrow spreads and high contract power, and it has traders all over the world.
| Operation Company | Land Prime Ltd. |
| Established | 2013 |
| Address | ? |
| License | SVG FSA |
| URL | Home |
MILTON MARKETS
MILTON MARKETS is an FX company established in the Republic of Vanuatu in 2015. It is regulated by the Vanuatu Financial Services Commission and has a financial license from the VFSC, so it is a very reliable company.
| 運営会社 | Milton Markets Ltd. |
| 設立 | 2015 |
| 所在地 | バヌアツ共和国 2nd Floor, Transpacific Haus Lini Highway Port Vila, Vanuatu |
| 金融ライセンス | VFSC：バヌアツ金融サービス委員会 |
GeneTrade
GeneTrade is an FX service company established in 2018 by the operating company Genius Trading LTD. The company is headquartered in Belize and holds a financial license from the Belize International Financial Services Commission (IFSC), so it is operated under regulations.
| Operation Comapany | Genius Trading LTD |
| Found | 2018 |
| Address | 5 Cork Street, Belize City, Belize |
| License | IFSC |
TITANFX
TITANFX is an FX company established in the Republic of Vanuatu in 2014. It offers a wide range of services, including free VPS, free EA, and copy trading, and is highly recommended. The maximum leverage is 500x, so you can deposit and withdraw funds with peace of mind.
| Operation Company | Titan FX Limited |
| Establishment | 2014 |
| Address | Pot 564/100, Rue De Paris, Pot 5641, Centre Ville, Port Vila, Vanuatu |
| Financial license | VFSC |
TradersTrust
It is now TTCM TRADERS CAPITAL LIMITED, a group of companies that operate TradersTrust, and was founded in 2009. It is headquartered in Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC), which is difficult to obtain.
| Operation Compamy | TTCM Traders Trust Capital Markets Limited (ltd) |
| Found | 2009 |
| Address | 3 Thalia Street, Office Number 310-318, 3rd Floor, 3011, Limassol, Cyprus |
| License | CySEC |
Axi
We will explain the basic information of Axi. Axi is an FX broker established in Australia in 2007. Of course, it holds a license from the Financial Services Agency and is one of the famous brokers with many users. All account types offer up to 1,000 times leverage.
| Broker | Axi |
| Established | 2007 |
| Max Leverage | 1000x |
| License | SVG ASIC FSA |
| Trading Tool | MT4 |
FXPRIMUS
The basic information of FXPRIMUS is as follows. Naturally, it holds a financial license and is operated under strict regulations. It has bases in Vanuatu and Cyprus and has obtained licenses from the financial authorities of each country.
| Broker | Primus Markets INTL LTD(Cyprus) Primus Global LTD(Vanuatu) |
| Location | Cyprus Vanuatu |
| License | CySEC VFSC |
| Established | 2009 |
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