Correction: FP Markets won “Best Trade Execution” at the Ultimate Fintech Awards 2022, announced on June 24, 2022. It also won the same category at the Ultimate Fintech Awards APAC 2023, alongside “Most Transparent Broker.” The award should not be presented as a 2026 announcement: FP Markets’ latest reported Ultimate Fintech recognition, as of August 8, 2026, was “Most Trusted Broker” at the Global UF Awards 2026.
What FP Markets won
FP Markets received the “Best Trade Execution” award at the Ultimate Fintech Awards 2022. The company announced the result on June 24, 2022, after the awards ceremony held during the final evening of iFX EXPO International 2022.
The ceremony took place on June 9, 2022, at Columbia Beach in Limassol, Cyprus. The event schedule lists the ceremony start time as 17:30.
FP Markets described the category as recognising a company that offers competitive pricing, fast execution, market-leading technology and service excellence. That wording comes from the company’s award announcement. It does not establish a particular execution-speed figure, average slippage result or independently audited trading-cost statistic.
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Craig Allison, then FP Markets’ Head of Europe, Middle-East and Africa, provided the quoted company comment in the 2022 announcement.
Read FP Markets’ 2022 announcement or see the iFX EXPO event schedule.
FP Markets won the category again in APAC 2023
On June 23, 2023, FP Markets received two awards at the Ultimate Fintech Awards APAC 2023 in Bangkok:
- Best Trade Execution
- Most Transparent Broker
The event was hosted at the Centara Grand and Bangkok Convention Centre at CentralWorld. Nick Twidale, identified in the announcement as CEO of FP Markets APAC, commented on the two awards.
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This is why a headline saying FP Markets won “Best Trade Execution” can refer to either the 2022 global event or the 2023 APAC event. It should include the year or region to avoid suggesting that the award was recent or that it came from the latest global ceremony.
Read the APAC 2023 announcement.
What the award does—and does not—tell traders
Trade execution is the process of sending and filling an order. A broker’s execution quality can affect the price a trader receives, the likelihood of slippage and the time it takes for an order to fill. Those factors matter particularly for traders who enter and exit frequently or use short-term strategies.
However, an industry award is not a substitute for checking the trading conditions that apply to your account. “Best Trade Execution” does not, by itself, tell you:
- the average spread for the instrument and session you trade;
- how much positive or negative slippage occurred;
- the percentage of orders rejected or requoted;
- whether execution differs between account types or platforms;
- the total commission and spread cost on your typical trade; or
- which legal entity will hold your account and what protections apply.
Those details can vary by instrument, market conditions, order size, account type and jurisdiction. A trader should therefore treat the award as one piece of background information, not as proof that every order will receive the best available price.
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FP Markets’ subsequent Ultimate Fintech awards
The later award history helps put the trade-execution result in context:
| Event | Reported FP Markets recognition |
|---|---|
| Ultimate Fintech Awards 2022 | Best Trade Execution |
| Ultimate Fintech Awards APAC 2023 | Best Trade Execution; Most Transparent Broker |
| Ultimate Fintech Awards Global 2023 | Best Trading Conditions; Most Trusted Broker |
| Global Ultimate Fintech Awards 2024 | Most Transparent Broker; Best Trading Conditions |
| UF Awards 2025 | Best Trading Conditions; Most Transparent Broker |
| Global UF Awards 2026 | Most Trusted Broker |
The global 2023 ceremony was separate from the APAC ceremony. It took place on September 21, 2023, at Columbia Beach in Limassol, Cyprus, and did not represent another “Best Trade Execution” win. The 2024 and 2025 announcements likewise listed different categories. The 2026 ceremony took place on June 17, 2026, at the City of Dreams Mediterranean resort in Limassol, Cyprus.
FP Markets’ own announcement for the Global Ultimate Fintech Awards 2023 specifically identifies the June 2023 APAC ceremony as the event where it won “Best Trade Execution.”
How to assess execution before opening a trading account
1. Confirm the regulated entity
Start with the broker’s legal-entity and regulatory information, not the award logo. A global brand may operate through several entities. The entity available to you determines the applicable regulator, dispute process, leverage limits and client-money arrangements.
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Compare the spread and commission together. For a commission account, a simple comparison is:
All-in round-trip cost = spread cost when opening and closing + opening commission + closing commission
Use the instrument, lot size and account type you would actually trade. A low advertised spread may not be the lowest overall cost once commission, financing and conversion charges are included.
3. Ask what execution data is available
Look for concrete reporting rather than broad claims. Useful questions include:
- Does the broker publish execution-speed or slippage statistics?
- Are the figures independently verified?
- Do they cover your account type and instruments?
- Are results shown for normal and volatile market conditions?
- How are rejected, cancelled or requoted orders treated?
If the broker cannot provide a statistic, do not infer one from an award category.
4. Test with a demo, then use a small live position
A demo account can show platform operation, but it may not reproduce live liquidity, slippage or order handling. If you proceed, start with an amount you can afford to lose and keep records of the requested price, fill price, timestamp, spread and any commission. Compare several trades rather than relying on one unusually fast or slow fill.
5. Check the costs beyond execution
Trading costs can include overnight financing, inactivity fees, currency-conversion charges, data costs and withdrawal fees. Read the current fee schedule and the product disclosure documents for your jurisdiction before depositing money.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.Why the year matters
Calling this a current award would create a misleading impression. FP Markets’ reported “Best Trade Execution” wins are from 2022 and APAC 2023. Its latest reported UF recognition is “Most Trusted Broker” at the Global UF Awards 2026—not “Best Trade Execution.”
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FAQ
When did FP Markets win Best Trade Execution?
FP Markets won “Best Trade Execution” at the Ultimate Fintech Awards 2022, announced June 24, 2022. It won the category again at the Ultimate Fintech Awards APAC 2023 on June 23, 2023.
Did FP Markets win Best Trade Execution at the 2026 Ultimate Fintech Awards?
No reported 2026 result identifies FP Markets as the winner of “Best Trade Execution.” Its latest reported UF recognition was “Most Trusted Broker” at the Global UF Awards 2026.
Does the award prove that FP Markets always gives the best execution price?
No. The award announcement describes the category in terms of competitive pricing, fast execution, technology and service. It does not provide independently verified figures for spreads, slippage, rejected orders or execution speed.
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Check the legal entity and regulator, all-in spread and commission costs, execution and slippage data, financing and other fees, platform suitability and the protections that apply in your jurisdiction.
The Bottom Line
FP Markets’ “Best Trade Execution” recognition is genuine, but it belongs to the Ultimate Fintech Awards 2022 and APAC 2023—not the latest 2026 awards. Use the award as background, then verify current regulation, total costs and independently supported execution data before opening or funding an account.
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