Order Execution Policy

1. Scope

This Execution Policy applies to all orders you submit through AP Markets platforms and services. By accepting our Terms and Conditions you confirm having read and accepted this policy. AP Markets acts as counterparty to your trades (principal), not as agent, unless expressly stated otherwise for a specific product.

2. Best execution principle

AP Markets takes all sufficient steps to consistently obtain the best possible result for the client, considering the execution factors detailed in the next section. The best-execution obligation is one of means, not of outcome: we guarantee an adequate process, not a specific price on every trade.

3. Execution factors and weighting

When executing an order we weigh: (a) total price (instrument price + associated costs); (b) explicit costs (spread, commission, swaps); (c) execution speed; (d) likelihood of execution and settlement; (e) order size and nature; (f) market conditions. For retail clients, total price is normally the most important factor. For professional clients we may prioritise other factors depending on order nature.

4. Execution venues

AP Markets executes your CFD orders primarily by acting as direct counterparty (B-book) or by transferring the risk to institutional liquidity providers (A-book), including tier-1 banks, prime brokers and ECN aggregators. Venue selection is based on the best combination of price, depth and speed available at any given moment. We maintain an internal venue list reviewed periodically.

5. Order types and behaviour

We support market, limit, stop, stop-limit, trailing stop, OCO and pending orders. Market orders are executed at the best price available at the moment of processing (may differ from the displayed price due to slippage in volatile conditions). Pending orders trigger exactly at the configured price if liquidity is available; otherwise they execute at the next available price. Stop-loss and take-profit orders in gap conditions may execute at a worse price than requested.

6. Slippage, requotes and rejections

During high-volatility moments (macro news, opens, sudden events) you may experience both positive and negative slippage: the execution price can be better or worse than requested. AP Markets operates a market-execution model and does not apply requotes except in exceptional circumstances. We may reject orders if: (a) they exceed product size limits; (b) there is insufficient liquidity; (c) we detect latency abuse, arbitrage or manipulation; (d) the account has insufficient margin.

7. Monitoring, review and maintenance

We continuously monitor execution quality via internal metrics on slippage, fill rate, execution time and deviation from benchmark price. We review this policy at least once a year or upon material changes in venues, products or regulation. Any update is published on this site and takes effect from publication.