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Slippage Policy at Icon FX

Slippage is the disparity between the anticipated and actual trade execution prices, typically due to market fluctuations or liquidity constraints

Causes of Slippage

Volatile markets can suffer from slippage and it can have a positive or a negative effect on your account. Slippage occurs when an order is placed for a particular price, but before it can be filled, the market moves and that price is no longer available.

Market Volatility

Rapid price movements during high volatility periods can cause orders to be executed at prices different from the intended ones

Weekend Slippage

Slippage is a prevalent occurrence during weekend market closures, it may result in differences between the expected trade execution price and the actual price once markets reopen for trading

Major News Events

Slippage tends to intensify during periods of heightened market volatility, particularly when major news events prompt sudden price fluctuations

What Can You Expect?

Fast and Reliable Execution at Icon FX

Slippage Handling at Icon FX

Icon FX is 100% committed to the proper and fair treatment of all its traders. With this in mind, Icon FX would slip its clients to a better price, if the interbank market from which Icon FX obtains its prices had moved in the client’s favour, and similarly a worse price if the market had moved against them.

These adjustments correspond to the slippage encountered, reflecting the best aggregated prices sourced from our network of banks and liquidity providers.

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Icon FX is a trade name of Icon Tech PTY Ltd, a limited company registered in Australia authorised and regulated by the Australian Securities & Investments Commission (ABN 94 650 709 265)

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Risk Warning: Trading foreign exchange on margin carries significant risks, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. With the demo account you can test any trading strategies you wish in a risk-free environment. Please bear in mind that the results of the transactions of the practice account are virtual, and do not reflect any real profit or loss or a real trading environment, whereas market conditions may affect both the quotation and execution. A Disclosure Document is available here. Information about our services, including our fees and charges is also available at those sources.