Z.com Trade, the FCA regulated brokerage arm of Japanese retail forex giant GMO Click Holdings Inc (TYO:7177), has announced that effective today the execution mode on its Classic Account will be changed to Market Execution.
Currently Z.com Trade’s Classic Account uses the Instant Execution mode, however this setting unfortunately limits the liquidity sources available. This change is necessary in order to continue to expand the company’s liquidity sources and improve the pricing and execution it offers to clients.
The change to Market Execution means that orders will be executed at the available market price, and will result in a reduction in rejections or requotes that clients may currently experience with Instant Execution. Traders should also keep in mind that this can result in slippage when trading during volatile times such as during news announcements and economic events. However Z.com Trade stated that it is continually making improvements to its liquidity sources to reduce slippage and maintain a high speed of order execution.
The company advised that there will be no change to the spreads, leverage and other trading conditions on the Classic Account.
Z.com Trade is also planning to add the products which are currently available only on its ECN Accounts to the Classic Account after this change is made, which means traders will have approximately 40 additional products to trade on with the Classic Account. This change is tentatively scheduled for next week.