CGM NEO: Four Key Questions To Ask About Broker About Execution

Comparisons between brokers tend to stop at the interface, because the interface is the part a prospective client can see. Execution, which determines what actually happens to an order once it is sent, is harder to inspect. Continental Global Markets publishes an STP/ECN model for CGM NEO, and the four questions below are worth putting to any broker, including this one.

First, how is the order handled? Two broad approaches exist in the industry. In one, the broker takes the opposite side of client trades. In the other, orders are passed through to external liquidity providers. CGM NEO operates on an STP/ECN basis, which places it in the second category, and any broker should be willing to state plainly which model it uses.

Second, which platform executes it? CGM NEO runs on MetaTrader 5 across desktop, web and mobile, alongside the CGM NEO app and the CGM NEO AI Terminal. MT5 is relevant to this question because its order types and reporting are documented publicly and behave consistently wherever the platform is deployed.

Third, what is the total cost and where does it sit? Cost appears in the spread, in commission, or in both, and it varies by account type. A trader should be able to state the full cost of a round turn before opening a position. Any comparison of one CGM broker account against another should begin at that number rather than at a promotional figure.

Fourth, what happens when markets move quickly? Conditions during major economic releases differ from conditions in a quiet session, and price can move between the moment an order is sent and the moment it is filled. The question is not whether this occurs, because it occurs everywhere, but whether a broker explains it in advance.

None of these questions requires a technical background. They require only that the answers be specific, and a broker that answers them in general terms has told a prospective client something useful anyway.

Continental Global Markets has been operating since 2006 and serves clients in more than 163 countries, offering more than 2,000 instruments across six asset classes through a single account environment.

Platform and execution details are published on the CGM NEO trading platform.

Interfaces are what a platform is judged on at first glance. Execution is what it is judged on after six months, which is the timeframe that decides whether a client is still there.

Trading forex, CFDs and digital assets carries a high level of risk and may not be suitable for all investors.