Broker execution quality index

Standardized execution metrics for 20 brokers, ranked by fill ratio. All data from our published methodology. This is not a recommendation -- it is a data reference.

Disclaimer: Rankings are by fill ratio only. Execution quality varies by account type, lot size, session, and market conditions. Past data does not guarantee future results. No affiliate links.

#	Broker	Model	Fill %	Latency	Slippage	Reject	Regulation	Rating
1	Interactive Brokers	ECN	98.4%	32ms	0.1 pip	0.5%	SEC/CFTC, FCA +2	Excellent
2	IC Markets	ECN	98.1%	36ms	0.2 pip	0.8%	ASIC, CySEC +1	Excellent
3	Dukascopy	ECN	97.9%	35ms	0.1 pip	0.6%	FINMA	Good
4	Pepperstone	NDD/STP	97.8%	42ms	0.3 pip	0.9%	ASIC, FCA +2	Good
5	Tickmill	NDD/STP	97.6%	44ms	0.3 pip	0.7%	FCA, CySEC +1	Good
6	Fusion Markets	ECN	97.5%	39ms	0.2 pip	0.9%	ASIC, VFSC	Good
7	FP Markets	ECN/STP	97.4%	40ms	0.2 pip	1%	ASIC, CySEC	Good
8	Axi	ECN/STP	97.3%	41ms	0.2 pip	1%	ASIC, FCA +1	Good
9	Exness	ECN/STP	97.2%	38ms	0.3 pip	1.1%	CySEC, FCA +1	Good
10	FxPro	NDD/STP	97.1%	46ms	0.3 pip	1.2%	FCA, CySEC +2	Good
11	BlackBull Markets	ECN/STP	97.1%	45ms	0.3 pip	1%	FMA, FSA	Good
12	Vantage	ECN	97%	43ms	0.3 pip	1.1%	ASIC, CIMA	Good
13	Saxo Bank	STP	97%	47ms	0.3 pip	1%	DFSA, FCA +2	Good
14	Admirals (Admiral Markets)	STP	96.9%	52ms	0.4 pip	1.3%	FCA, CySEC +2	Average
15	ActivTrades	STP	96.8%	48ms	0.3 pip	1.1%	FCA, CSSF +2	Average
16	FXCM	NDD/STP	96.7%	50ms	0.4 pip	1.2%	FCA, ASIC	Average
17	RoboForex	ECN/STP	96.5%	55ms	0.5 pip	1.5%	FSC Belize	Average
18	OANDA	STP	96.4%	54ms	0.4 pip	1.3%	CFTC/NFA, FCA +2	Average
19	XM	STP	96.2%	58ms	0.4 pip	1.4%	CySEC, ASIC +1	Average
20	FBS	STP	95.8%	62ms	0.5 pip	1.8%	IFSC, CySEC	Below Average

ReferenceWhat is NDD Execution?Complete guide to No Dealing Desk models LearnUnderstanding the MetricsHow fill ratio, latency, and slippage are measured ProcessOur Testing MethodologyStandardized testing protocols and validation