Best Execution
Our best execution policy in plain English: every order routes through the XFX eCommerce liquidity bridge in 8 milliseconds or less and fills at VWAP across real top-of-book liquidity. STP execution, no dealing desk, no requotes.
Execution model
XBTFX is a Straight-Through-Processing (STP) broker. Orders flow from the platform you use (Mega1 or MT5) through XFX eCommerce directly to live institutional liquidity. No human dealer reviews your order; nothing about your fill is decided behind the scenes.
The bridge is the same on every account, on every platform, in every region. Latency stays at 8 milliseconds or less from order entry to bridge exit. From there, your order is matched against opposing client flow where possible, and the residual net volume is routed straight through to our LPs for fill.
XFX eCommerce
eFX technology
XFX eCommerce is on the cutting edge of eFX technology, with a proprietary zero-copy, low-latency FIX engine built entirely in Rust. Drawing on a decade of institutional prime of prime experience, it aggregates liquidity, executes at top of book and can split orders across multiple providers for deeper liquidity. Our in-house portal and middleware run everything around it.
Three steps from your platform to the market — no dealing-desk review in between.
Mega1 · MetaTrader 5
Your order is sent from Mega1 or MT5. It reaches our servers and enters the XFX eCommerce bridge.
XFX eCommerce
The bridge applies volume netting against opposing client flow on the same symbol. Anything that doesn't offset is routed straight to our top-of-book liquidity providers.
Liquidity providers
Market orders fill at VWAP — the Volume-Weighted Average Price — across the best available liquidity at execution time. When the top-of-book quote is exhausted, the next levels fill at VWAP so you still get the fairest blended price the market offered in that moment.
Order types
Every order type on every XBTFX platform follows the same execution rules. Here's what you can expect when you click.
Sent to market immediately and filled at VWAP across the best available liquidity. When the top-of-book quote doesn't cover your full size, the remainder fills at the next price levels' VWAP — you receive the fairest blended price the market could offer at that moment.
Triggered when the market reaches your limit price, then sent to market and filled at VWAP — the same engine that handles market orders. Filling triggered limits as market orders prevents missed fills caused by fleeting top-of-book quotes that would otherwise reject a strict limit.
When the market trades through your stop price, the order is triggered and sent to market for VWAP execution. Stops are not guaranteed at the trigger price — fast markets and gaps can produce slippage, positive or negative, depending on the direction of the move.
Buy / Sell Limit and Buy / Sell Stop orders sit on our servers until their trigger condition is met. Triggers run against the top-of-book bid/ask, so the price you set is what the market needs to reach before your order goes live.
Two clearly defined risk thresholds protect your account from running negative. You'll know exactly where they sit before you place a trade.
When your account's margin level drops to 80%, you'll be warned that further adverse movement risks triggering a stop-out. New positions may be restricted at this level. This is your signal to reduce exposure or add funds.
At a 50% margin level, the platform begins closing your most-losing positions automatically — largest loser first — until the margin level recovers above 50%. The stop-out exists to protect both you and the broker from negative-equity scenarios.
Common questions about how XBTFX executes orders, why we don't requote, and what slippage looks like on a transparent bridge.
Open your XBTFX account and trade in minutes. Fund it in crypto or fiat.
