[{"data":1,"prerenderedAt":1053},["ShallowReactive",2],{"\u002Fglossary\u002Fwhat-is-ctrader":3,"\u002Fglossary\u002Fwhat-is-ctrader-related":164},{"id":4,"title":5,"body":6,"category":148,"date":149,"description":150,"draft":151,"extension":152,"meta":153,"navigation":151,"path":154,"related":155,"seo":160,"stem":161,"term":162,"updated":149,"__hash__":163},"glossary\u002F5.glossary\u002Fwhat-is-ctrader.md","What Is cTrader? The Platform and How Tracking Works",{"type":7,"value":8,"toc":140},"minimark",[9,19,24,27,38,50,57,61,64,72,76,79,82,86,98,106,110,132],[10,11,12,13,18],"p",{},"cTrader is a trading platform built by Spotware and licensed to brokers, in the same arrangement MetaTrader uses: the broker runs the server, you run the client. It is the main alternative to ",[14,15,17],"a",{"href":16},"\u002Fglossary\u002Fwhat-is-metatrader","MetaTrader"," for retail forex and CFD accounts, and it is usually chosen by brokers who want to advertise their execution model rather than hide it.",[20,21,23],"h2",{"id":22},"how-it-works","How it works",[10,25,26],{},"Three parts, as with any platform of this kind, but the split is different.",[28,29,34],"pre",{"className":30,"code":32,"language":33},[31],"language-text","cTrader Desktop \u002F Web \u002F Mobile   ← charts, cBots, client-side logic\n    ↕ FIX or Open API\nBroker server                    ← order matching, positions, balance\ncAlgo (C#)                       ← the language cBots and indicators are written in\n","text",[35,36,32],"code",{"__ignoreMap":37},"",[10,39,40,41,45,46,49],{},"Two differences matter in practice. Automation is written in ",[42,43,44],"strong",{},"C#"," rather than MQL, which brings a mainstream language and a debugger with it. And cTrader is ",[42,47,48],{},"position-based",": several orders on the same symbol merge into one position with one average price, where MT4 keeps every ticket separate. That single design choice changes how you count trades, and therefore how win rate, average trade length and volume are calculated on any record built from a cTrader account.",[10,51,52,53,56],{},"Access for third parties runs through the ",[42,54,55],{},"cTrader Open API"," with OAuth2 authorisation. You are sent to cTrader, you approve the connection there, and the tracking service receives a token. No password is handed over, and you can revoke the token from your cTrader account at any time — the tracker cannot place, modify or close an order with it.",[20,58,60],{"id":59},"why-it-matters","Why it matters",[10,62,63],{},"If you trade on cTrader and want a public track record, the platform choice has until recently been a dead end. The two best known tracking sites grew up around MetaTrader and neither connects a cTrader account, so the usual advice — connect it somewhere and send the link — was not available to you at all.",[10,65,66,67,71],{},"The OAuth route is also the cleanest of the credential models in this category. A read-only ",[14,68,70],{"href":69},"\u002Fglossary\u002Fwhat-is-an-mt4-investor-password","investor password"," is safe but permanent until you change it; an OAuth token is revocable from the platform's own settings, without touching your trading credentials.",[20,73,75],{"id":74},"what-the-data-shows","What the data shows",[10,77,78],{},"ShowMyTrades connects MT4, MT5, cTrader and TradeLocker, and the cTrader accounts here carry exactly the same public page as the MetaTrader ones: broker-synced, verified, embeddable.",[10,80,81],{},"That is the whole point, and it is a short one. The two best known trackers in this category do not read cTrader at all, so a cTrader trader who wants a public record has had nowhere to put it.",[20,83,85],{"id":84},"where-you-see-it-on-showmytrades","Where you see it on ShowMyTrades",[10,87,88,89,92,93,97],{},"A cTrader account carries the id prefix ",[35,90,91],{},"ctr-"," and appears exactly like any other: the same stats panel, the same charts viewer, the same monthly returns table, the same ",[14,94,96],{"href":95},"\u002Fglossary\u002Fwhat-is-a-verified-track-record","verified track record"," badges.",[10,99,100,101,105],{},"Two honest differences. There are no terminal diagnostics — ping, packet retransmission, terminal build — because there is no MetaTrader terminal in the loop to measure. And ",[14,102,104],{"href":103},"\u002Fglossary\u002Fwhat-is-a-magic-number","magic numbers"," do not exist in cTrader as they do in MQL, so every trade arrives in the Manual bucket rather than split by strategy.",[20,107,109],{"id":108},"common-misunderstandings","Common misunderstandings",[111,112,113,120,126],"ul",{},[114,115,116,119],"li",{},[42,117,118],{},"\"cTrader means better execution.\""," The platform exposes more about execution and is often paired with a raw-spread account, but execution quality belongs to the broker, not to the software. Measure it on your own account rather than assuming it from the logo.",[114,121,122,125],{},[42,123,124],{},"\"A cBot is an EA.\""," Same idea, different language and different runtime. A strategy written in MQL does not run on cTrader without being rewritten.",[114,127,128,131],{},[42,129,130],{},"\"Trade counts should match my MetaTrader record.\""," They will not. Position-based merging means a scale-in that MT4 records as four tickets appears as one position with one average price.",[10,133,134,135,139],{},"Connecting one takes about a minute: see ",[14,136,138],{"href":137},"\u002Fctrader-account-tracking","cTrader account tracking"," for the OAuth flow and what ends up on the page.",{"title":37,"searchDepth":141,"depth":141,"links":142},2,[143,144,145,146,147],{"id":22,"depth":141,"text":23},{"id":59,"depth":141,"text":60},{"id":74,"depth":141,"text":75},{"id":84,"depth":141,"text":85},{"id":108,"depth":141,"text":109},"Platforms","2026-08-20T00:00:00.000Z","cTrader is the main alternative to MetaTrader for retail forex. What it does differently, how OAuth authorisation works, and the real platform split we see.",true,"md",{},"\u002Fglossary\u002Fwhat-is-ctrader",[156,157,158,159],"what-is-metatrader","what-is-an-mt4-investor-password","what-is-order-execution","what-is-a-verified-track-record",{"title":5,"description":150},"5.glossary\u002Fwhat-is-ctrader","cTrader","xtpx3lcZbxBN632V-c-yfKFtsTMTTwFY9UNJNBXKeSY",[165,360,515,794],{"id":166,"title":167,"body":168,"category":348,"date":349,"description":350,"draft":351,"extension":152,"meta":352,"navigation":151,"path":95,"related":353,"seo":356,"stem":357,"term":358,"updated":349,"__hash__":359},"glossary\u002F5.glossary\u002Fwhat-is-a-verified-track-record.md","What Is a Verified Track Record? Definition and Checks",{"type":7,"value":169,"toc":341},[170,173,175,196,202,205,212,218,220,233,236,238,249,265,267,289,300,302,333],[10,171,172],{},"A verified track record is a record of trading results that arrives directly from the broker through a read-only connection, continuously, with no step in the chain where the publisher can edit, delete or re-order anything. It is the difference between a claim and evidence. Two separate questions hide inside the phrase, and most arguments about verification come from confusing them.",[20,174,23],{"id":22},[10,176,177,178,181,182,185,186,190,191,195],{},"The first question is whether the data is real. That is answered by the connection itself: a channel that can read the account but never write to it, running without interruption, so the record is built continuously rather than exported at a convenient moment. On ShowMyTrades that channel is one of four — an Expert Advisor installed in MetaTrader 4 or 5, a direct connection using the ",[14,179,180],{"href":69},"MT4 investor password",", ",[14,183,184],{"href":137},"cTrader OAuth2 authorisation",", or the ",[14,187,189],{"href":188},"\u002Ftradelocker-tracking","TradeLocker REST API",". None of them can place, modify or close an order. Read-only credentials are the industry mechanism for this, and third-party trackers such as ",[14,192,194],{"href":193},"\u002Fglossary\u002Fwhat-is-myfxbook","Myfxbook"," connect MetaTrader accounts the same way.",[28,197,200],{"className":198,"code":199,"language":33},[31],"broker server → read-only connection → ShowMyTrades → public page\n                no editable step anywhere in the chain\n",[35,201,199],{"__ignoreMap":37},[10,203,204],{},"The second question is whether the person publishing the page owns the account. A read-only feed proves the trades exist; it does not prove whose they are, because an investor password can be handed to anyone. Closing that gap requires an action only someone with trading rights can perform: placing a pending order at an unreachable price with the publisher's user ID in the comment field. On cTrader, one OAuth authorisation answers both questions at once.",[10,206,207],{},[208,209],"img",{"alt":210,"src":211},"Track Record Verified answers whether the data arrived from the broker through a channel that cannot place, modify or close an order; Trading Privileges Verified answers whether the publisher controls the account","\u002Fimages\u002Farticles\u002Ftwo-badges.svg",[10,213,214],{},[215,216,217],"em",{},"A record can pass one and fail the other, which is why they are counted separately.",[20,219,60],{"id":59},[10,221,222,223,227,228,232],{},"Everything downstream of the connection is arithmetic. If the inputs can be edited, the profit factor, the ",[14,224,226],{"href":225},"\u002Fglossary\u002Fwhat-is-drawdown","drawdown"," and the ",[14,229,231],{"href":230},"\u002Fglossary\u002Fwhat-is-an-equity-curve","equity curve"," are all decoration, no matter how detailed the page looks. A screenshot, a PDF statement and a spreadsheet share the same defect: they are produced by the person asking you to trust them.",[10,234,235],{},"Continuity matters as much as read-only access. A record that can be paused and resumed lets a bad month disappear. When the feed is continuous, an interruption is itself visible on the page — which is information, not an absence of it.",[20,237,75],{"id":74},[10,239,240,241,244,245,248],{},"Verification is opt-in and requires effort, and the numbers reflect that. Across the 10,000+ accounts published on ShowMyTrades (August 2026), only ",[42,242,243],{},"65 carry Track Record Verified"," and ",[42,246,247],{},"264 carry Trading Privileges Verified",". More accounts prove ownership than prove data provenance, because placing one pending order is easier than changing a password at the broker.",[10,250,251,252,256,257,260,261,264],{},"Verified does not mean good. Across the public accounts with trading history, median ",[14,253,255],{"href":254},"\u002Fglossary\u002Fwhat-is-time-weighted-return","time-weighted return"," is ",[42,258,259],{},"+3.2%",", 63.0% are positive, and the median deepest drawdown is ",[42,262,263],{},"9.7%"," — with 17.6% of accounts having lost more than half their peak value at some point. That distribution, built from 15,436,464 synchronised trades, is what an honest record looks like, and it is nothing like the ones used in advertising.",[20,266,85],{"id":84},[10,268,269,270,273,274,244,277,280,281,284,285,288],{},"Both badges sit in the ",[42,271,272],{},"Certifications"," group in the header of every account page, above the numbers: ",[42,275,276],{},"Track Record",[42,278,279],{},"Trading Privileges",", green when granted and grey when not, each with a tooltip explaining what it certifies for that platform. The same group also shows ",[42,282,283],{},"Real Account"," or ",[42,286,287],{},"Demo Account",", derived from the broker server rather than self-declared.",[10,290,291,292,295,296,299],{},"Verification is managed in the account settings, where the ",[42,293,294],{},"Investor Password (Optional)"," field lives — clear it and the Track Record badge turns grey on the same save. Both badges are also rendered inside the ",[42,297,298],{},"Complete Dashboard"," widget, which embeds the account header, so an embed on someone else's site carries its own provenance.",[20,301,109],{"id":108},[111,303,304,315,321,327],{},[114,305,306,309,310,314],{},[42,307,308],{},"A link to a tracking site is not verification."," ",[14,311,313],{"href":312},"\u002Fguides\u002Fthird-party-verification-explained","Any platform can host an unverified account",". Look for the badge on the page, not for the domain in the URL.",[114,316,317,320],{},[42,318,319],{},"Track Record Verified does not prove ownership."," It proves the trades are real. Someone reselling another trader's investor password can produce a genuine feed of trades that are not theirs.",[114,322,323,326],{},[42,324,325],{},"Verified is not the same as profitable."," The badge certifies provenance and nothing else. Read gain and drawdown together afterwards.",[114,328,329,332],{},[42,330,331],{},"A verified demo account is still a demo account."," Demo fills are optimistic in exactly the conditions where live fills hurt.",[10,334,335,336,340],{},"The procedure for both badges, step by step: ",[14,337,339],{"href":338},"\u002Fguides\u002Fhow-to-verify-your-account","how to verify your trading account",".",{"title":37,"searchDepth":141,"depth":141,"links":342},[343,344,345,346,347],{"id":22,"depth":141,"text":23},{"id":59,"depth":141,"text":60},{"id":74,"depth":141,"text":75},{"id":84,"depth":141,"text":85},{"id":108,"depth":141,"text":109},"Verification","2026-08-19T00:00:00.000Z","A verified track record is performance data pulled straight from the broker through a read-only link, continuously, with nothing the publisher can edit.",false,{},[157,354,355],"what-is-myfxbook","what-is-drawdown",{"title":167,"description":350},"5.glossary\u002Fwhat-is-a-verified-track-record","Verified Track Record","im3JV0qh8wz_ZbgStl23aUhUUL79OEa_VDXyYyMF254",{"id":361,"title":362,"body":363,"category":148,"date":349,"description":507,"draft":151,"extension":152,"meta":508,"navigation":151,"path":69,"related":509,"seo":511,"stem":512,"term":513,"updated":349,"__hash__":514},"glossary\u002F5.glossary\u002Fwhat-is-an-mt4-investor-password.md","What Is an MT4 Investor Password? Read-Only Access",{"type":7,"value":364,"toc":500},[365,371,373,376,382,385,400,402,405,411,413,419,426,428,437,461,463,495],[10,366,367,368,340],{},"The investor password is the second password on every MetaTrader 4 and MetaTrader 5 account: it logs in to the same account as the master password but in read-only mode. Whoever holds it can watch the account in full detail and change nothing about it. That asymmetry is why it became the standard credential for ",[14,369,370],{"href":312},"third-party verification",[20,372,23],{"id":22},[10,374,375],{},"MetaTrader accounts ship with two credentials against the same login number. The master password grants trading rights. The investor password grants observation.",[28,377,380],{"className":378,"code":379,"language":33},[31],"Investor password CAN          Investor password CANNOT\n- see balance and equity       - open a position\n- see open positions           - modify or close a position\n- see closed trade history     - place or delete pending orders\n- see margin and free margin   - withdraw or transfer funds\n- attach charts and indicators - change account settings\n",[35,381,379],{"__ignoreMap":37},[10,383,384],{},"A terminal logged in with the investor password shows the New Order button greyed out. The restriction is enforced by the broker's trade server, not by the client, so it cannot be worked around by patching the terminal.",[10,386,387,388,391,392,395,396,399],{},"You set it yourself, and you can change it at any time. In MT4: ",[42,389,390],{},"Tools → Options → Server",", then ",[215,393,394],{},"Change"," next to the investor password. In MT5: ",[42,397,398],{},"Tools → Options → Account → Change Password",", selecting the investor option. Changing it revokes access for everyone holding the old one, immediately.",[20,401,60],{"id":59},[10,403,404],{},"It solves a problem that has no other clean solution: proving your results to a stranger without giving that stranger the ability to trade your money. Before read-only credentials, the alternatives were screenshots and broker statements, both of which are files the trader produces.",[10,406,407,408,410],{},"It also has a limit worth stating plainly. An investor password proves the trades are real; it does not prove they are yours, because the password can be forwarded to anyone. That is why a full ",[14,409,96],{"href":95}," needs a second, separate check of ownership.",[20,412,75],{"id":74},[10,414,415,416,418],{},"The credential covers most of the market we see: of the 10,000+ accounts connected to ShowMyTrades (August 2026), the overwhelming majority are ",[14,417,17],{"href":16},", spread over 703 distinct broker servers. Every one of those MetaTrader accounts can be verified with a password its owner sets, without changing anything about how the account trades.",[10,420,421,422,425],{},"Almost nobody does. Only ",[42,423,424],{},"65 accounts carry Track Record Verified",", out of 10,000+ published pages. The friction is not technical; it is that the step is optional, and an unverified page still displays numbers.",[20,427,85],{"id":84},[10,429,430,431,433,434,436],{},"The ",[42,432,294],{}," field is in the account settings. Fill it in and the ",[42,435,276],{}," badge in the account page header turns green; clear it and the badge turns grey on the same save.",[10,438,439,440,244,443,446,447,451,452,455,456,460],{},"It also appears earlier, when you add an account: the ",[215,441,442],{},"MetaTrader 4 Direct Connection",[215,444,445],{},"MetaTrader 5 Direct Connection"," options in the connection picker sync trades using the investor password alone, with nothing installed in your terminal. The ",[14,448,450],{"href":449},"\u002Fglossary\u002Fwhat-is-an-expert-advisor","Expert Advisor"," option updates far more frequently, and it is the only one that can also report the state of the machine running the strategy in the ",[42,453,454],{},"Terminal & Open Charts"," module — a password-only connection never touches your computer, so it has nothing to report about it. That trade-off is the one thing to weigh before choosing: less setup, or a fuller page. If the strategy runs unattended on a ",[14,457,459],{"href":458},"\u002Fglossary\u002Fwhat-is-a-vps","VPS",", the Expert Advisor is what makes that visible.",[20,462,109],{"id":108},[111,464,465,471,477,483,489],{},[114,466,467,470],{},[42,468,469],{},"\"Giving out the investor password is risky.\""," It is read-only and enforced server-side. The real consideration is privacy, not security: whoever holds it sees your balance and every trade you take, live.",[114,472,473,476],{},[42,474,475],{},"\"It reveals my strategy.\""," It reveals your fills, not your logic. Anyone can already see the trades on a public page you publish yourself.",[114,478,479,482],{},[42,480,481],{},"\"Changing the master password changes the investor one.\""," It does not. They are set separately, and platforms holding an unchanged investor password keep working.",[114,484,485,488],{},[42,486,487],{},"\"Some brokers do not offer it.\""," MT4 and MT5 both support it as standard. What varies is whether the broker lets you set it in the terminal or only through their client area.",[114,490,491,494],{},[42,492,493],{},"\"A read-only login means the data is verified.\""," Only if a platform is actually holding that connection open and publishing what it sees. A password in a private message proves nothing to a third party.",[10,496,497,498,340],{},"The full walkthrough, including the ownership check that the password cannot provide: ",[14,499,339],{"href":338},{"title":37,"searchDepth":141,"depth":141,"links":501},[502,503,504,505,506],{"id":22,"depth":141,"text":23},{"id":59,"depth":141,"text":60},{"id":74,"depth":141,"text":75},{"id":84,"depth":141,"text":85},{"id":108,"depth":141,"text":109},"The MT4 investor password is a read-only credential: it shows balance, equity and every trade, but it cannot open, modify or close a position, or withdraw.",{},[159,354,510],"what-is-a-vps",{"title":362,"description":507},"5.glossary\u002Fwhat-is-an-mt4-investor-password","MT4 Investor Password","xK2dYJaK7fxuwcWoqaPqTsvMELQIwuxpmmw_VrzKLRk",{"id":516,"title":517,"body":518,"category":148,"date":349,"description":785,"draft":151,"extension":152,"meta":786,"navigation":151,"path":16,"related":787,"seo":791,"stem":792,"term":17,"updated":349,"__hash__":793},"glossary\u002F5.glossary\u002Fwhat-is-metatrader.md","What Is MetaTrader? MT4 vs MT5, Explained",{"type":7,"value":519,"toc":778},[520,523,525,528,534,540,543,620,626,628,631,639,641,666,673,675,689,704,714,745,747,773],[10,521,522],{},"MetaTrader is a trading platform built by MetaQuotes and licensed to brokers, who run their own servers and give clients the terminal to install. Two versions are in active use: MetaTrader 4, released in 2005, and MetaTrader 5, released in 2010. MetaTrader is not a broker and holds no money — it is the software layer between you and whichever broker issued your login.",[20,524,23],{"id":22},[10,526,527],{},"Every MetaTrader setup has three parts, and confusing them is the source of most support questions.",[28,529,532],{"className":530,"code":531,"language":33},[31],"Terminal (your PC or VPS)      ← charts, Expert Advisors, client-side logic\n    ↕ round trip measured as ping\nTrade server (your broker)     ← balance, order matching, server-held SL\u002FTP\nMQL (MQL4 or MQL5)             ← the language EAs and indicators are written in\n",[35,533,531],{"__ignoreMap":37},[10,535,536,537,539],{},"You log in with an account number, a server name and a password. There are two passwords against the same account: the master password, which can trade, and the ",[14,538,70],{"href":69},", which is read-only and is the standard credential for third-party verification.",[10,541,542],{},"What actually differs between the versions:",[544,545,546,561],"table",{},[547,548,549],"thead",{},[550,551,552,555,558],"tr",{},[553,554],"th",{},[553,556,557],{},"MT4",[553,559,560],{},"MT5",[562,563,564,576,587,598,609],"tbody",{},[550,565,566,570,573],{},[567,568,569],"td",{},"Language",[567,571,572],{},"MQL4",[567,574,575],{},"MQL5",[550,577,578,581,584],{},[567,579,580],{},"Accounting",[567,582,583],{},"Order-based: one order is one position",[567,585,586],{},"Deal and position based, netting or hedging",[550,588,589,592,595],{},[567,590,591],{},"Timeframes",[567,593,594],{},"9",[567,596,597],{},"21",[550,599,600,603,606],{},[567,601,602],{},"Markets",[567,604,605],{},"Forex and CFDs",[567,607,608],{},"Adds exchange-traded instruments and depth of market",[550,610,611,614,617],{},[567,612,613],{},"Strategy tester",[567,615,616],{},"Single symbol, single thread",[567,618,619],{},"Multi-symbol, multi-threaded, real ticks",[10,621,622,623,625],{},"They are not two versions of one product in any practical sense. MQL4 code does not compile as MQL5, an ",[14,624,450],{"href":449}," does not port between them, and account history does not move. Migrating means starting a new account.",[20,627,60],{"id":59},[10,629,630],{},"Whichever version you run, the terminal is only the window. Your fills, your spread, your swap and your stop triggers are decided by the broker's trade server, and the same MT5 build produces different results at different brokers.",[10,632,633,634,638],{},"What MetaTrader does give you, and what has made it the default for two decades, is a machine-readable record that a third party can read directly from the broker. That is the whole basis of published ",[14,635,637],{"href":636},"\u002Fglossary\u002Fwhat-is-a-track-record","track records",": a read-only credential, an open feed, and no file the trader gets to edit on the way out.",[20,640,75],{"id":74},[10,642,643,644,647,648,651,652,244,654,658,659,662,663,340],{},"MetaTrader is very nearly the whole market we see. Of the ",[42,645,646],{},"10,000+ accounts connected to ShowMyTrades"," (August 2026), the overwhelming majority run ",[42,649,650],{},"MT4 or MT5",", alongside ",[14,653,162],{"href":154},[14,655,657],{"href":656},"\u002Fglossary\u002Fwhat-is-tradelocker","TradeLocker",". Those accounts reach ",[42,660,661],{},"703 distinct broker servers"," and have produced ",[42,664,665],{},"15,436,464 synchronised trades",[10,667,668,669,672],{},"MT5 outnumbers MT4 by more than four to one here. That is a statement about the accounts arriving on this platform in 2026, not a verdict on either version; plenty of long-running MT4 records are still the better track record on the page. Across the public accounts on ShowMyTrades with trading history (August 2026), the ",[42,670,671],{},"median autotrading share is 99%"," — only possible because both versions run code natively, with no bridge, no API key and no third-party plumbing.",[20,674,85],{"id":84},[10,676,677,678,181,681,181,684,284,686,688],{},"The account header shows the platform as a badge — ",[42,679,680],{},"MetaTrader 4",[42,682,683],{},"MetaTrader 5",[42,685,162],{},[42,687,657],{}," — beside the broker, the account currency, the leverage and the automation split.",[10,690,691,692,244,695,698,699,244,701,703],{},"When you add an account, the connection picker names the difference directly: ",[215,693,694],{},"MetaTrader 4 with EA",[215,696,697],{},"MetaTrader 5 with EA"," are marked recommended because updates are far more frequent, while ",[215,700,442],{},[215,702,445],{},", both still labelled Beta, sync from the broker using the investor password with nothing installed in your terminal.",[10,705,706,707,709,710,713],{},"That choice changes what the page can show, on either version. Only an EA connection produces the ",[42,708,454],{}," module, where the terminal reports on its own host and link and lists the charts and Expert Advisors currently loaded. On MT4 the same module is titled simply ",[42,711,712],{},"Terminal",", because the MT4 EA does not report the chart list at all — we show nothing rather than claim no charts are open.",[10,715,716,717,721,722,724,725,244,728,731,732,736,737,740,741,744],{},"Verification is version-neutral. The header carries a ",[42,718,719],{},[14,720,276],{"href":95}," badge, green once the read-only investor password is on file, and a ",[42,723,279],{}," badge, green once a pending order carrying your ShowMyTrades user ID in the comment field has been placed. Across the connected accounts, ",[42,726,727],{},"65 hold Track Record Verified",[42,729,730],{},"264 Trading Privileges Verified",". ",[14,733,735],{"href":734},"\u002Fguides\u002Fmagic-numbers-and-strategy-labels","Per-strategy reporting"," in ",[42,738,739],{},"Breakdown Statistics → By Magic Number"," is an MT4 and MT5 capability, because the ",[14,742,743],{"href":103},"magic number"," field is a MetaTrader concept.",[20,746,109],{"id":108},[111,748,749,755,761,767],{},[114,750,751,754],{},[42,752,753],{},"\"MetaTrader is my broker.\""," It is software your broker licenses. Deposits, withdrawals, spreads and execution are the broker's, and complaints go to them.",[114,756,757,760],{},[42,758,759],{},"\"MT5 is MT4 with more features.\""," It is a rewrite. EAs, indicators and scripts have to be rebuilt, which is why many working systems never moved.",[114,762,763,766],{},[42,764,765],{},"\"MT5 does not allow hedging.\""," It supports both netting and hedging; which one applies is set by the broker when the account is opened, and it cannot be changed afterwards.",[114,768,769,772],{},[42,770,771],{},"\"The platform decides my fills.\""," The trade server does. Two terminals of the same build, on two brokers, will not fill the same order the same way.",[10,774,775,776,340],{},"To turn a MetaTrader login into a record other people can check: ",[14,777,339],{"href":338},{"title":37,"searchDepth":141,"depth":141,"links":779},[780,781,782,783,784],{"id":22,"depth":141,"text":23},{"id":59,"depth":141,"text":60},{"id":74,"depth":141,"text":75},{"id":84,"depth":141,"text":85},{"id":108,"depth":141,"text":109},"MetaTrader is the platform most retail forex accounts run on. What separates MT4 from MT5, what the investor password does, and the real platform split we see.",{},[157,788,789,510,790],"what-is-an-expert-advisor","what-is-a-magic-number","what-is-ctrader",{"title":517,"description":785},"5.glossary\u002Fwhat-is-metatrader","MKdDWOKBnGlWX-ZwLgaS8-7RFBIRZWEdssYltOPR2Z8",{"id":795,"title":796,"body":797,"category":1040,"date":349,"description":1041,"draft":151,"extension":152,"meta":1042,"navigation":151,"path":1043,"related":1044,"seo":1049,"stem":1050,"term":1051,"updated":349,"__hash__":1052},"glossary\u002F5.glossary\u002Fwhat-is-order-execution.md","What Is Order Execution? Types, Requotes and Fills",{"type":7,"value":798,"toc":1033},[799,807,809,812,822,832,843,846,852,858,860,863,866,868,878,881,896,898,994,996,1026],[10,800,801,802,806],{},"Order execution is the process by which a broker turns an order request into a filled position at a specific price. It covers everything between your terminal sending the request and the server confirming a fill: ",[14,803,805],{"href":804},"\u002Fglossary\u002Fwhat-is-a-b-book-broker","routing",", price validation, and the decision to accept, requote or reject. Two accounts running identical logic at different brokers can produce different results for this reason alone, with no difference in the strategy at all.",[20,808,23],{"id":22},[10,810,811],{},"MetaTrader documents four execution modes — Request, Instant, Market and Exchange — but retail forex accounts run on two of them, and the difference between those two is what happens when the price moves while your request is in flight.",[10,813,814,817,818,340],{},[42,815,816],{},"Market execution."," The order fills at whatever price exists when it reaches the server. It cannot be rejected for price movement, so it effectively always fills — and it can ",[14,819,821],{"href":820},"\u002Fglossary\u002Fwhat-is-slippage","slip",[10,823,824,827,828,831],{},[42,825,826],{},"Instant execution."," You request a specific price. If the market has moved beyond the broker's tolerance, the server returns a ",[42,829,830],{},"requote",": a new price you must accept or decline. No slippage, but no guarantee the trade opens at all.",[10,833,834,835,838,839,842],{},"Two further outcomes matter. A ",[42,836,837],{},"partial fill"," occurs when the size available at your price is smaller than your order, so part fills and the remainder either fills worse or is cancelled. A ",[42,840,841],{},"rejection"," returns an error code and no position.",[10,844,845],{},"The elapsed time decomposes cleanly:",[28,847,850],{"className":848,"code":849,"language":33},[31],"Round-trip time = terminal -> trade server        (network path)\n                + order validation and matching   (broker)\n                + trade server -> terminal        (confirmation)\n",[35,851,849],{"__ignoreMap":37},[10,853,854,855,857],{},"Only the middle term is the broker's execution speed. The first and third are network path, which is why moving a terminal onto a ",[14,856,459],{"href":458}," near the trade server changes measured execution without the broker changing anything.",[20,859,60],{"id":59},[10,861,862],{},"Execution is where a strategy stops being arithmetic. A backtest fills every order at the requested price, never gets requoted and never misses an entry. Live, each of those assumptions costs something, and the shorter the holding period the larger the share of the edge that execution decides rather than the signal.",[10,864,865],{},"Rejections are the under-counted half. Slippage at least shows up in the fill price, so it can be reasoned about after the fact. A trade that never opened leaves no record anywhere — and a strategy judged on the trades it managed to place is a survivorship-biased version of itself.",[20,867,75],{"id":74},[10,869,870,871,873,874,877],{},"Across the public accounts on ShowMyTrades with trading history (August 2026), orders are sent to ",[42,872,661],{},", and ",[42,875,876],{},"15,436,464 trades"," have been read back from them. There is no single execution environment here: seven hundred independently configured servers stand between the same instruction and the same market.",[10,879,880],{},"Every one of those 15,436,464 records is a fill. None is an attempt — broker history reports positions that opened, so requotes, rejections and cancelled remainders are missing from the count by construction, on this platform and on every other one built from broker records.",[10,882,883,884,244,887,890,891,895],{},"Comparison is still possible, but only by repetition. ",[42,885,886],{},"699 users run more than one account",[42,888,889],{},"429 run accounts at more than one broker",": ",[14,892,894],{"href":893},"\u002Fguides\u002Fsame-strategy-different-brokers","holding the logic constant and varying the server"," is the nearest thing to a controlled execution test a retail trader has.",[20,897,85],{"id":84},[111,899,900,934,966,988],{},[114,901,430,902,904,905,907,908,914,915,921,922,181,925,181,928,244,931,340],{},[42,903,712],{}," panel (",[42,906,454],{}," on MT5) reports ",[42,909,910],{},[14,911,913],{"href":912},"\u002Fglossary\u002Fwhat-is-terminal-ping","Ping",", the round-trip time to the broker's trade server, and ",[42,916,917],{},[14,918,920],{"href":919},"\u002Fglossary\u002Fwhat-is-packet-retransmission","Retransmission",", the share of network packets that had to be sent again. Under 50 ms is excellent; above 200 ms can mean slower order execution and more slippage. The same panel shows ",[42,923,924],{},"Terminal build",[42,926,927],{},"Memory",[42,929,930],{},"Auto trading",[42,932,933],{},"DLL imports",[114,935,430,936,939,940,943,944,181,947,181,950,181,953,181,956,181,959,244,962,965],{},[42,937,938],{},"Closed Trades"," table under ",[42,941,942],{},"Trade History & Balance Progression"," carries ",[42,945,946],{},"Open Price",[42,948,949],{},"Close Price",[42,951,952],{},"S\u002FL",[42,954,955],{},"T\u002FP",[42,957,958],{},"Duration",[42,960,961],{},"Commission",[42,963,964],{},"Swap"," per ticket. Comparing where an exit was set against where it actually landed is the closest read on execution available from broker records.",[114,967,968,971,972,975,976,181,982,244,985,340],{},[42,969,970],{},"Advanced Statistics"," shows ",[42,973,974],{},"Worst Trade (Pips)"," — an outlier far beyond the account's usual stop distance is the fingerprint of a gapped or badly filled exit rather than a bad entry — plus ",[42,977,978],{},[14,979,981],{"href":980},"\u002Fglossary\u002Fwhat-is-average-trade-length","Avg. Trade Length",[42,983,984],{},"Total Commissions",[42,986,987],{},"Total Lots",[114,989,430,990,993],{},[42,991,992],{},"Info"," row in the account header carries the broker badge with the trade server name in its tooltip, next to platform, currency and leverage. The server, not the brand, identifies the execution environment.",[20,995,109],{"id":108},[997,998,999,1005,1011,1020],"ol",{},[114,1000,1001,1004],{},[42,1002,1003],{},"\"Market execution is worse than instant.\""," Neither is better. One buys price certainty at the cost of fill certainty; the other does the reverse. Which one hurts depends on the strategy.",[114,1006,1007,1010],{},[42,1008,1009],{},"\"ECN, STP and NDD describe execution.\""," They are marketing labels, not regulated definitions, and they are not audited. Measure the account instead.",[114,1012,1013,1016,1017,1019],{},[42,1014,1015],{},"\"Slow fills are the broker's fault.\""," Often the network path is. Check ",[42,1018,913],{}," before drawing a conclusion about the server.",[114,1021,1022,1025],{},[42,1023,1024],{},"\"Fast execution is good execution.\""," Speed without price quality is worthless. An order filled instantly three pips away is still three pips away.",[10,1027,1028,1029,340],{},"For a method to compare execution and cost between two brokers, see the ",[14,1030,1032],{"href":1031},"\u002Fguides\u002Fbroker-cost-audit","broker cost audit guide",{"title":37,"searchDepth":141,"depth":141,"links":1034},[1035,1036,1037,1038,1039],{"id":22,"depth":141,"text":23},{"id":59,"depth":141,"text":60},{"id":74,"depth":141,"text":75},{"id":84,"depth":141,"text":85},{"id":108,"depth":141,"text":109},"Brokers","Order execution is how a broker turns your request into a filled trade. Market vs instant execution, requotes, partial fills, and how to measure quality.",{},"\u002Fglossary\u002Fwhat-is-order-execution",[1045,1046,1047,1048],"what-is-slippage","what-is-server-latency","what-is-a-b-book-broker","what-is-a-spread",{"title":796,"description":1041},"5.glossary\u002Fwhat-is-order-execution","Order Execution","oUI1tlc8dL3qnxp3T8uMtQ9xtrmbuLPGNNx8qX9JQho",1787415695323]