Instant Execution Forex brokers = Dealing desk brokers (Market makers). “Buy” and “Sell” orders are executed instantly, as they don’t rely on adjusting to the actual Market data. Fewer requotes are to be expected with Instant execution.
Market execution Forex brokers = No Dealing desk brokers (STP, DMA, ECN). Traders of the FX market will see the orders as “Buy by Market” and “Sell by Market”. These orders will be aligned with the actual market data in real time, which, while being processed, can cause more price requotes in return.
More details on Instant execution vs Market execution
The list of Market Maker Forex brokers with Instant Execution:
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