A forex order is an instruction sent to a broker to buy or sell a currency pair under specific conditions.

Slippage happens when a forex order executes at a different price than requested, usually caused by rapid price movement.

Forex execution is the process by which a broker fills a trader’s order, directly affecting real trading results.

A market maker broker takes the opposite side of client trades internally, creating its own market with often fixed spreads.

The STP broker model automatically routes trader orders directly to external liquidity providers without a dealing desk.

An ECN account routes forex orders through an Electronic Communication Network, matching traders with multiple liquidity providers.

A standard forex account bundles all broker cost into the spread rather than charging a separate commission per trade.

A raw spread account passes through spreads close to the interbank rate in exchange for a separate fixed commission per lot.

Commission vs spread compares the two ways forex brokers charge for trade execution and which model fits different trading styles.

Forex trading costs are the combined spread, commission, and swap charges a trader pays to open, hold, and close a position.