Order Execution Policy

Last modified on: 14/10/2025

BitDelta Pro – Order Execution Policy

  • Introduction:

BitDelta Limited is incorporated under Section 29 of the Companies Act in the Republic of Mauritius and is licensed and regulated by the Financial Services Commission (FSC) of Mauritius under License No. GB24202926 as an Investment Dealer (Full Service Dealer, excluding Underwriting). The Company’s registered address is 6th Floor, THE CORE, 62 ICT Avenue, Cybercity, Ebene, Mauritius.

This Order Execution Policy (“the Policy”) sets out the principles and standards under which BitDelta Pro, a trading name operated by BitDelta Limited, executes client orders. The Policy ensures that BitDelta provides fair, consistent, and transparent execution, in line with international best practices, MetaQuotes’ operational requirements, and FSC regulatory obligations.

  • Scope and Applicability:

This Policy applies to:

  • All retail and professional clients trading via the BitDelta Pro MT5 platform;
  • All financial instruments offered by BitDelta under its FSC license;
  • All employees, affiliates, and third-party service providers engaged in the execution or monitoring of client orders.

The Policy forms an integral component of BitDelta’s internal control and governance system, and compliance is mandatory for all operational and technical teams.

  • Execution Model:
  • BitDelta Pro operates under a Straight Through Processing (STP) / Aggregation Model.
  • BitDelta remains independent from liquidity providers to avoid conflicts of interest and ensure competitive pricing.
  • Best Execution Principles

BitDelta Pro takes all reasonable steps to achieve the best possible outcome for clients, applying a transparent and technology-driven approach to order execution. The following key criteria are considered when executing client orders:

  • Price – Quotes are aggregated from multiple Tier-1 and Tier-2 liquidity providers, ensuring clients receive the best bid/offer available at the time of execution. Continuous price monitoring helps maintain competitive and accurate pricing.
  • Costs – All execution costs, including spreads, commissions, and swap rates, are clearly disclosed. No hidden markups or internalization practices are applied.
  • Speed – Orders are typically executed in under 100ms under normal market conditions through low-latency MT5 bridge connections hosted in optimized data centers.
  • Likelihood of Execution & Settlement – Execution quality depends on market depth, available liquidity, and counterparties’ acceptance. During high volatility, “last look” policies by liquidity providers may apply.
  • Size & Market Impact – For larger orders, BitDelta may use smart order routing or partial fills to minimize slippage and reduce market disruption.
  • Order Handling

BitDelta supports the following order types:

  • Market Orders – Executed at the next available price; subject to positive or negative slippage.
  • Limit Orders – Executed at the requested price or better.
  • Stop Orders (Buy Stop, Sell Stop, Stop Loss) – Triggered at market price once the stop level is reached; may be subject to slippage in volatile markets.
  • Take Profit Orders – Executed at the requested price or better.
  • Liquidation Orders – Triggered automatically when margin thresholds are breached (margin level < 30%).

All orders are recorded, time-stamped, and processed in line with BitDelta’s operational standards and regulatory requirements.

5. Slippage Handling

  • Positive Slippage: Where execution occurs at a better price than requested, the benefit is passed on to the client.
  • Negative Slippage: Where execution occurs at a worse price than requested (e.g., due to gaps or volatility), the order will still be filled at the first available market price.
  • High-impact news releases, low-liquidity sessions, or crypto market volatility can increase slippage probability.
  • BitDelta provides clients with real-time market alerts and volatility indicators.

6. Margin & Risk Management

  • Margin requirements are applied consistently across instruments. For CFDs on cryptocurrencies, higher margin requirements and lower leverage limits apply due to increased volatility.
  • Accounts are monitored in real time. Liquidation occurs automatically if margin level falls below 30% or if account equity drops below minimum thresholds.

7. Conflicts of Interest

  • BitDelta Pro ensures that execution decisions are not influenced by revenue-generating desks.
  • Proprietary trading is ring-fenced from liquidity provision to protect client interests.
  • The Company does not guarantee execution at quoted prices in all conditions, but applies consistent rules for all clients.

8. Monitoring & Review

  • Daily Monitoring: Execution quality (slippage, spreads, rejections, speed) is tracked by the Risk Management team.
  • Quarterly Review: Findings are escalated to the Risk & Compliance Committee and shared with relevant counterparties.
  • Annual Policy Review: This Policy is reviewed at least once per year, or earlier if market structure, regulatory requirements, or technology change. Updates are communicated to clients in advance.

9. Client Acknowledgement

By trading with BitDelta Pro, clients acknowledge and accept this Order Execution Policy, including the possibility of slippage, liquidity constraints, and forced liquidations under margin rules.

10. Regulatory Alignment

This Policy is aligned with:

  • The Financial Services Commission (FSC) of Mauritius licensing framework for Broker-Dealers / VASPs.
  • MiFID II best execution standards.
  • MetaQuotes’ MT5 operational and bridge execution requirements.
  • Global conduct standards, including those of the FCA (UK), ASIC (Australia), and ESMA (EU).

BitDelta Limited operates under a philosophy of transparency, fairness, and technological integrity, ensuring continuous improvement in execution quality and regulatory compliance.

Disclaimer:

This document is provided for informational and regulatory-compliance purposes only. Nothing in this Policy constitutes investment advice or a recommendation to trade. Market conditions, liquidity, and pricing may vary without prior notice. BitDelta Limited shall not be liable for any loss or damage resulting directly or indirectly from system delays, technical issues, or external counterparty performance.