Exness execution — the order that leaves has a volume, not an amount (Jordan)
A transfer is confirmed at the number that was entered. An order is confirmed at the number the market gave it, and the two are not the same kind of document.
Open Exness Account →A transfer is an instruction with a number in it: the amount is fixed before it is sent and the confirmation repeats it. A market order carries an instrument and a volume, and no amount at all. The price is found at the moment the order fills, so the confirmation is a report of what happened rather than a copy of what was requested — and the two figures can differ by the distance the quote moved in between.
Why an order cannot be confirmed in advance
A payment instruction contains the amount, and its confirmation restates it. A market order contains an instrument and a volume, and the amount only comes into existence once the order has been filled. That is why the figures below come from orders that were actually sent and closed, at rising sizes, rather than from a quote screen.
Execution speed and fill quality vary with market conditions, liquidity and position size.
What came back from orders that were actually sent
| Instrument | Lot size | Avg execution | Slowest fill | Avg slippage (signed) | Better / zero / worse fills | Rejects |
|---|---|---|---|---|---|---|
| EUR/USD | 0.01 | 151 ms | 187 ms | -0.3 pts | 1 / 2 / 0 | 0 |
| EUR/USD | 0.1 | 151 ms | 172 ms | -0.3 pts | 1 / 2 / 0 | 0 |
| EUR/USD | 1 | 146 ms | 172 ms | -0.3 pts | 1 / 2 / 0 | 0 |
| GBP/USD | 0.01 | 141 ms | 156 ms | +0.7 pts | 0 / 1 / 2 | 0 |
| GBP/USD | 0.1 | 130 ms | 140 ms | +0.0 pts | 0 / 3 / 0 | 0 |
| GBP/USD | 1 | 135 ms | 156 ms | +0.3 pts | 0 / 2 / 1 | 0 |
| XAU/USD (Gold) | 0.01 | 141 ms | 172 ms | +0.0 pts | 0 / 3 / 0 | 0 |
| XAU/USD (Gold) | 0.1 | 151 ms | 172 ms | +80.0 pts | 1 / 1 / 1 | 0 |
| XAU/USD (Gold) | 1 | 130 ms | 141 ms | -72.3 pts | 2 / 1 / 0 | 0 |
Across 27 measured round-trips the average fill took 130–151 ms depending on instrument and size, with 0 rejected orders in total. The sign matters more than the size: a minus reports a fill on the favourable side of the quote, not an error in the record.
The signed column is the gap between the price on the screen when the order left and the price it was filled at; a minus sign means the gap fell on the favourable side. The last column counts orders the platform refused at that size.
Where the numbers came from
- Real market orders (buy, then immediate close) placed in an Exness MetaTrader 5 terminal.
- Timed in-terminal from the moment the order left to the moment the confirmation came back.
- Sizes stepped 0.01 → 1.00 lot to expose size-dependent slippage.
- Fills depend on market liquidity, account and conditions, and can differ.
Measured in-terminal on Exness’s own MetaTrader 5 pricing feed and symbol specifications, refreshed on a schedule. All figures are indicative and change with market conditions.
Open Exness Account →Two documents that look alike and are not
The field filled in before sending is different in each case. A payment asks for a sum. An order asks for a volume in lots and for the instrument it applies to; the money involved is a consequence of the volume, the contract size and the price at the fill, none of which is typed in.
Everything unfamiliar about order entry follows from that single swap. There is no line to read back and approve, because the number that would be read back does not exist yet.
What plays the part of the confirmation
The record that appears after a fill is a deal line in the account history: a ticket number, a time, the instrument, the volume and the price the order was filled at. It is written by the platform after the event, and it is the account of what actually happened.
A payment confirmation and this deal line answer different questions. One says the instruction was accepted as written. The other says the instruction was carried out, and states the terms it was carried out on.
Why the number can differ from the one on the screen
Between the order leaving and the fill coming back, the quote keeps moving. The difference between the price that was on the screen and the price in the record is reported as slippage, and it carries a sign: the gap can fall on either side.
That is also why size belongs in the same conversation. A larger volume meets a different part of the available liquidity, so the gap and the time it takes are not constants — they are properties of that order, at that moment, at that size.
The same steps, read from a banking habit
| Stage | In a payment | In a market order |
|---|---|---|
| What is typed in | The amount | The instrument and the volume |
| What is fixed at that moment | The amount | Nothing about the price |
| What the confirmation is | A restatement of the instruction | A record of the fill: ticket, time, volume, price |
| Why the figures can differ | They do not | The quote moved between sending and filling |
| What a refusal looks like | The instruction is declined | The order is rejected at that size and no position opens |