Best Execution & Cost Transparency
GoSwing is committed to execution quality and transparency for its clients. According to our Best Execution Policy, major execution factors that influence the quality of our service are price and likelihood of execution of the client orders. GoSwing discloses the execution quality scorecard for the above factors on quarterly basis, for all types of accounts. Statistics includes all valid market and pending/limit order requests received via MetaTrade platform, excluding trader orders received by voice or in writing.
|
Standard Account
|
NDD Account
|
PERCENTAGE OF MARKET ORDERS SUCCESSFULLY EXECUTED
|
94%
|
99%
|
PERCENTAGE OF MARKET ORDERS FILLED WITHOUT REQUOTE
|
91%
|
n/a
|
PERCENTAGE OF TRIGGERED PENDING ORDERS FILLED «AT OR BETTER»
|
51%
|
55%
|
PERCENTAGE AVERAGE PRICE SLIPPAGE FOR PENDING ORDERS
|
0.013%
|
0.016%
|
PERCENTAGE OF TRIGGERED LIMIT ORDERS FILLED «AT OR BETTER»
|
81%
|
86%
|
|
Standard Account
|
NDD Account
|
PERCENTAGE OF MARKET ORDERS SUCCESSFULLY EXECUTED
|
94%
|
99%
|
PERCENTAGE OF MARKET ORDERS FILLED WITHOUT REQUOTE
|
91%
|
n/a
|
PERCENTAGE OF TRIGGERED PENDING ORDERS FILLED «AT OR BETTER»
|
51%
|
55%
|
PERCENTAGE AVERAGE PRICE SLIPPAGE FOR PENDING ORDERS
|
0.013%
|
0.016%
|
PERCENTAGE OF TRIGGERED LIMIT ORDERS FILLED «AT OR BETTER»
|
81%
|
86%
|
|
Standard Account
|
NDD Account
|
PERCENTAGE OF MARKET ORDERS SUCCESSFULLY EXECUTED
|
96%
|
99%
|
PERCENTAGE OF MARKET ORDERS FILLED WITHOUT REQUOTE
|
95%
|
n/a
|
PERCENTAGE OF TRIGGERED PENDING ORDERS FILLED «AT OR BETTER»
|
54%
|
51%
|
PERCENTAGE AVERAGE PRICE SLIPPAGE FOR PENDING ORDERS
|
0.011%
|
0.011%
|
PERCENTAGE OF TRIGGERED LIMIT ORDERS FILLED «AT OR BETTER»
|
81%
|
70%
|
|
Standard Account
|
NDD Account
|
PERCENTAGE OF MARKET ORDERS SUCCESSFULLY EXECUTED
|
98.25%
|
99%
|
PERCENTAGE OF MARKET ORDERS FILLED WITHOUT REQUOTE
|
96.59%
|
n/a
|
PERCENTAGE OF TRIGGERED PENDING ORDERS FILLED «AT OR BETTER»
|
53%
|
54%
|
PERCENTAGE AVERAGE PRICE SLIPPAGE FOR PENDING ORDERS
|
0.014%
|
0.013%
|
PERCENTAGE OF TRIGGERED LIMIT ORDERS FILLED «AT OR BETTER»
|
83%
|
75%
|
GoSwing is also striving to provide information on transactional costs necessary for clients to choose the most appropriate account type for their needs and plan their investments accordingly. Cost transparency information below shows the average impact of transaction costs per notional USD 1000 of trading volume for the most recent quarter. These trading costs affect net profitability of a client account, therefore a client should project that, for example, for an Standard Account, the net profitability of a trade can reasonably be expected to be at about 3% lower compared from the gross profitability. Please note that the Swap component depends on the time of holding of a position, thus for intra-days trading the hurdle rate would be reduced from 3% to 2.6% on average for Standard Account, and from 2.9% to 2.3% for the NDD Account.
|
Standard Account
|
NDD Account
|
Spread
|
$0.26
|
$0.18
|
Swap
|
$0.04
|
$0.05
|
Volume Commissions
|
n/a
|
$0.06
|
Total costs per USD 1000 of trading volume
|
$0.30
|
$0.29
|
Break-even gross return on a transaction
|
3%
|
2,9%
|
|
Standard Account
|
NDD Account
|
ECN Account
|
Spread
|
$0.23
|
$0.10
|
$0.04
|
Swap
|
$0.04
|
$0.06
|
$0.10
|
Volume Commissions
|
n/a
|
$0.06
|
$0.06
|
Total costs per USD 1000 of trading volume
|
$0.27
|
$0.22
|
$0.20
|
Break-even gross return on a transaction
|
2.7%
|
2.2%
|
2%
|
|
Standard Account
|
NDD Account
|
ECN Account
|
Spread
|
$0.17
|
$0.10
|
$0.38
|
Swap
|
$0.02
|
$0.08
|
$0.02
|
Volume Commissions
|
n/a
|
$0.06
|
$0.07
|
Total costs per USD 1000 of trading volume
|
$0.19
|
$0.24
|
$0.47
|
Break-even gross return on a transaction
|
1.9%
|
2.4%
|
4.7%
|
|
Standard Account
|
NDD Account
|
ECN Account
|
Spread
|
$0.20
|
$0.14
|
$0.25
|
Swap
|
$0.07
|
$0.05
|
$0.01
|
Volume Commissions
|
n/a
|
$0.05
|
$0.07
|
Total costs per USD 1000 of trading volume
|
$0.27
|
$0.24
|
$0.33
|
Break-even gross return on a transaction
|
2.7%
|
2.4%
|
3.3%
|