Which trading app has the fastest order execution?
Verdict
- Pepperstone is our pick on execution because it publishes the most specific figures in our data: execution 'from 50 milliseconds, with a 99.32% fill rate and no dealer intervention', based on trades from 1 January to 31 March 2026.
- Those are Pepperstone's own statistics, not an independent test, and 'from 50 ms' is a best case rather than an average.
- None of the other brokers in our data, XS included, publishes a comparable speed or fill-rate figure, so we can't rank them against it.
- For Singapore residents the account sits with Pepperstone's Bahamas entity (SCB, SIA-F217); it has no MAS licence.
Every broker says its execution is fast; very few put a number and a date range on it. Pepperstone does. Here is what its claim covers, the parts of execution that depend on you rather than the broker, and a simple way to test any app.
Pepperstone publishes the clearest execution numbers we have
Pepperstone states execution from 50 milliseconds, a 99.32% fill rate and no dealer intervention, measured on trades between 1 January and 31 March 2026. The useful part for a trader is the last phrase: orders are not held back for a dealer to approve, which is when slow fills and requotes usually come from. Pepperstone publishes one claim rather than separate figures per platform, so pick between the app, MT5 and cTrader on features. If you run automated strategies, Pepperstone offers a free VPS to eligible and Pro clients, so a strategy can run on a hosted server rather than a home computer.
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What '50 ms' and '99.32%' actually tell you
- 'From 50 ms' is the fastest end of the range, so many orders take longer.
- A 99.32% fill rate means fewer than 1 in 100 orders went unfilled in that quarter; it says nothing about slippage on the ones that filled.
- The figures cover January to March 2026; a different quarter, or a news spike, can look different.
- Pepperstone publishes them, and we have not tested them independently.
What slows your order down, whichever app you use
Execution time on the broker's server is only part of the trip. A phone on a weak mobile connection adds delay before the order even arrives, and an expert advisor running on a home computer in Singapore adds the distance to the broker's servers on every order. Market conditions matter too: in the seconds after a major data release, prices move faster than any platform can quote them, and a stop or market order can fill away from the price you saw. For manual traders a stable connection matters more than the platform; for automated ones a VPS near the broker's servers does.
Pepperstone versus the alternatives on published execution data
| Pepperstone | XS | MAS-licensed apps (IG, CMC, Saxo, OANDA) | |
|---|---|---|---|
| Published execution speed | From 50 ms | Not in our data | Not in our data |
| Published fill rate | 99.32% (Q1 2026) | Not in our data | Not in our data |
| Dealer intervention | None, per Pepperstone | Not in our data | Not in our data |
| Free VPS | For eligible and Pro clients | Not in our data | Not in our data |
How to test any app's execution yourself
- Open a small live account; a demo will not show real fills.
- Place market orders at quiet and busy times and note the requested and filled prices.
- Repeat a few minutes after a scheduled data release.
- Compare the slippage across apps at the same size and time.
Sources
Pepperstone's own published claims.
Is Pepperstone's 50 ms an average?
No. Pepperstone says 'from 50 milliseconds', which is the fastest end of its range.
Does Pepperstone use a dealing desk?
Pepperstone states there is no dealer intervention on its orders.
Is cTrader faster than MT5 at Pepperstone?
Pepperstone publishes one execution claim, not one per platform, so choose by features and cost.
Can fast execution prevent slippage?
No. In fast markets prices move between your click and the fill; execution speed reduces the gap but cannot remove it.
Fast execution does not make CFD trading safer: leverage can turn small price moves into large, rapid losses. Execution figures are broker-stated. This page is not investment advice.