The speed of order execution and price transparency is one of the things that traders need to pay attention to when choosing a forex broker. Reporting from Financemagnates, the Financial Commission (FinaCom) announced that they had issued an order execution certificate for the RoboForex broker. With the issuance of this certificate, RoboForex is recognized as one of the reliable brokers in providing order execution services.

The awarding of an order execution certificate from FinaCom is based on VerifyMyTrade (VMT) assessment. This independent website focuses on measuring the quality of order execution in the forex market. Through the analytical tools provided by VerifyMyTrade, traders can check whether their trades have been executed correctly and get competitive prices.

To produce accurate statistics, VMT collects data in the form of price quotes from many forex brokers. This data includes the lowest and highest price quotes and the percentage of price movements every day. So far, FinaCom has conducted audits and issued order execution certificates to several brokers. Besides RoboForex, the brokers that accept it are Alpari, Forex Club, and AMarket.

Benefits of FinaCom Certificates for Brokers and Traders

To maintain the price execution certification status of FinaCom, RoboForex has to report its order execution data to the VMT tools periodically. These tools will map prices transparently and assess the effectiveness and quality of broker execution. Therefore, brokers with this certificate must pay attention to the quality of their services. 

With this certification, the broker is expected to be able to resolve price disputes internally by providing evidence of asset prices at a particular time, mediated by a third party. Suppose a trader registered with RoboForex experiences continuous order execution problems. In that case, the results of this analysis will become essential data and help both parties get a solution to the trading dispute.