Before you start trading with any brokers, you are recommended to read carefully the Terms and Conditions and the document specified the execution policy of the broker.

These documents should contain important information which directly affect your tradings and profits eventually.

Here, we have summarized the conditions mentioned in the T&.

Positive Slippage

XTrade allows positive slippage to happen.

Although the broker is a complete OTC model, this is still possible to happen in some situations.

Positive slippage occurs when there is no enough liquidity at the price requested by a trader in the market and the trading server automatically finds the next available price in the market and execute the order in the favor of your trade.

As mentioned already XTrade is a complete OTC model and the broker acts as the market, so this probably doesn’t happen in the trading platform.

Negative Slippage

Negative slippage is more often observed by many traders comparing to the “positive slippage”.

The concept of the slippage is the same as “positive slippage”.

As only XTrade acts as a market for its traders, this happens if XTrade couldn’t(or decided to not) execute the orders from its traders at the requested price.

To avoid Negative slippage as much as you can, you may trade with smaller volume or upgrade internet connection on your side.

Re-quotes

XTrade may sometimes cause “Re-quotes” in some situations.

Re-quotes normally happens, when there is a extreme slippage to your order, the trading server will decide to not execute the order at the different price but asking your permission to execute before.

Re-quotes does not happen to market orders and pending orders.

Order Rejections

As XTrade allows positive/negative slippage and re-quotes, there is no “order rejections” in the trading platform.

Normally online Forex & CFD brokers can adopt “order rejections” or “re-quotes” in case the slippage amount is too extreme.

This condition depends on each broker’s trading servers, and XTrade allows “Re-quotes” but not “Order Rejections”.

Although XTrade is a OTC broker, there is no case where you cannot place orders at all.

No exchange market, but OTC

Please note that XTrade is a Market Maker and provide its financial service through OTC environment.

This means that traders of XTrade will not trade with the real exchange market(the liquidity providers) but only with XTrade.

So XTrade will act as the exchange market itself for traders and the broker will decide the rules and prices.

By a broker being a OTC model, there are several demerits and restrictions to trader’s side though, as XTrade offers CFD financial instruments mainly, it is not an abnormal thing.

All CFD products are provided through OTC environment by every single broker in the world.