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Slippage involves executing any given trade on a specific price different from the expected price sent or preset by the client. This may take place during highly volatile market conditions such as (but not limited to) economic or political news. The order will be filled at the next best available market price because, but not limited to – the desired/preset order price is not available, or because higher spread differences are applied in the corresponding exchanges of the traded instrument.
Orbex does not apply slippage under normal market conditions, and applies it on stop pending entry or liquidation orders during times when Orbex is closed or when (but not limited to) there is a weekend or bank holiday, international economic events, or hectic market movements. In this case, stop orders will be filled on the opening price that Orbex finds suitable.
Clients acknowledge that slippage might occur as per the liquidity providers’ terms and conditions and that this is beyond the control of Orbex Global Limited and agrees to waive Orbex Global Limited from any liability that may arise subjective to any damage or expense or loss incurred by the Client, in relation to or directly or indirectly arising from but not limited to such terms and conditions.