Model the impact of slippage on your trades. Compare best-case, expected, and worst-case scenarios to understand real execution costs.
Effective Entry = Intended Entry ± Slippage (pips)
Example: Buy at 1.0850 with 2-pip slippage: effective entry = 1.0852, extra cost = $20 at 1 lot
Slippage is the difference between your intended entry price and the actual fill price. It typically occurs during high volatility or low liquidity periods.
For major pairs during liquid sessions, 0-1 pip of slippage is normal. During news events or off-hours, slippage can be 3-10+ pips.
Trade during high-liquidity sessions (London/New York overlap), use limit orders instead of market orders, avoid trading during major news releases, and choose brokers with fast execution speeds.
Find a broker
Compare brokers with the lowest spreads, best execution and reliable regulation.
Calculator results are estimates only — not financial advice. Trading involves significant risk of loss. Full risk disclosure.
Expected Slippage by Condition
Typical liquid market during normal hours
High-impact data release (NFP, CPI, FOMC)
Weekend gap or very low liquidity session
Market Order vs Limit Order
| Condition | Market fill cost | Limit fill cost |
|---|---|---|
| Normal | −$5.00 | $0.00 |
| News | −$30.00 | $0.00 |
| Gap / Low Liq. | −$100.00 | $0.00 |
Limit orders avoid entry slippage but risk non-fill in fast markets. Consider using limit orders for planned entries, market orders only for stop-outs.
Broker Execution Score
| # | Broker | Type | Avg Slip | Rej Rate | Score |
|---|---|---|---|---|---|
| 1 | IC Markets | ECN | 0.1 pips | 0.1% | 97 |
| 2 | Pepperstone | ECN | 0.2 pips | 0.2% | 95 |
| 3 | Exness | ECN | 0.3 pips | 0.3% | 92 |
| 4 | IG Group | Market | 0.4 pips | 0.4% | 85 |
| 5 | OANDA | Market | 0.5 pips | 0.5% | 82 |
| 6 | Forex.com | Market | 0.6 pips | 0.6% | 79 |
| 7 | FxPro | Market | 0.8 pips | 0.8% | 76 |
| 8 | XM | Instant | 1.2 pips | 2.1% | 68 |
For scalpers: prefer ECN with avg slip < 0.3 pips. Est. Cost = avg slippage cost for your current lot size.
Slippage is always adverse on market orders — buy orders fill higher, sell orders fill lower than quoted. Limit orders have zero entry slippage but carry non-fill risk.