Costs & risk

Slippage

Slippage is the difference between the price you expected and the price at which an order is actually filled. It happens when prices move quickly or liquidity is thin, and it can work against you or in your favour.

Also called: price slippage, negative slippage, positive slippage

Hypothetical example

Hypothetically, you place a market order to buy at 1.1000 just as news is released and it fills at 1.1003: 3 pips of negative slippage. A fill at 1.0998 would have been 2 pips of positive slippage.

Used in these guides

Costs & risk8 min read
Trading costs: spread, commission and swap
What you pay to open, hold and close a trade, how each cost is calculated and where NextTrade publishes its figures.
Basics8 min read
Order types: market, limit and stop orders
How market and pending orders work, when each one fills, and what can make the fill price differ from the price you set.
Costs & risk8 min read
Stop loss and take profit
How stop loss and take profit orders close a position automatically, how to read the distance in pips and money, and their limits.

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Risk Warning: CFDs are complex instruments and come with a high risk of losing money.

Slippage

Hypothetical example

Related terms

Used in these guides

Trading costs: spread, commission and swap

Order types: market, limit and stop orders

Stop loss and take profit