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Total Accounts : 25187 Total Deals in 2012 : 673938
FXOptimax Execution Model
FXOptimax NZ Limited is an NDD-STP brokers. We do not run dealing desk. All of our customers' trades are sent to our liquidity providers (prime brokers and banks).
As you may have known, the bank and prime brokers price are using 5 digits pricing, having 1 more decimal digit compared to retail forex platform. In this case, we display our pricing (in 4 digits) based on rounding of bank's 5-digits price.
For 5 digits STP account, we apply a simple mark up and display the bank price.
When you sent an order (either market order or triggered pending order or triggered Stop Loss/Take Profit), the order will be converted to market order to our liquidity provider. The price we get from liquidity provider will be marked up and rounded, then we give it to you as executed price.
Our bridge system is working very fast, in miliseconds. However, in some cases while market moves very fast (several new price quotes in subsecond), the price that you see on your PC is probably already changed; and even the price when we execute your order at MT4 is already different compared to price we get from liquidity provider. In this case, slippage will be occurred.
Slippage can be positive or negative, it depends to the market movement. In the diagram above, at first case, you will get negative slippage; while at second case, you will get positive slippage on your order.
We belive it is a fair and competitive trading environment and it is our goal to create such excellent environment for all our valuable clients.