Trading CFDs on a leveraged basis involves a significant amount of risk. They may not be suitable for all investors, so please ensure you fully understand all of the risks. Most retail clients lose money when trading CFDs.
Trading CFDs on a leveraged basis involves a significant amount of risk. They may not be suitable for all investors, so please ensure you fully understand all of the risks. Most retail clients lose money when trading CFDs.

Market depth

Volume Weighted Average Price (VWAP) execution

Written by Joshua Raymond

Updated: 2022-04-29 05:33:48

All trades are executed at Volume Weighted Average Price (VWAP), which is a standard practice for markets exchange.

It means that if your single transaction size is very big (above normal market size), the price at which the trade will be executed might be slightly worse than the price you see for smaller transactions.

In the xStation platform, we automatically recalculate the Sell/Buy price in Market Watch and the Order Ticket to reflect your order size. You'll see the spread widen as your trade size increases for example to reflect the VWAP.

If you trade typically small to medium trade size, your spread should not be affected at all and your trades will be executed at the best (Level 1) price😊.

You can see VWAP, Spread and the whole Market Depth of the instrument if you like.

By default, Market Depth is not visible, but you can switch it on in xStation: Settings/General.

Similarly you can set and observe Market Depth in the xStation mobile app.

If you still need help with your question,

Xtb logo

Join over 1 000 000 investors from around the world

We use cookies

By clicking “Accept All”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

This group contains cookies that are necessary for our websites to work. They take part in functionalities like language preferences, traffic distribution or keeping user session. They cannot be disabled.

Cookie name
Description
SERVERID
userBranchSymbol cc 2 March 2024
adobe_unique_id cc 1 March 2025
SESSID cc 2 March 2024
__hssc cc 8 September 2022
__cf_bm cc 8 September 2022
intercom-id-iojaybix cc 26 November 2024
intercom-session-iojaybix cc 8 March 2024

We use tools that let us analyze the usage of our page. Such data lets us improve the user experience of our web service.

Cookie name
Description
_gid cc 9 September 2022
_gat_UA-121192761-1 cc 8 September 2022
_gat_UA-190421227-1 cc 8 September 2022
_ga_CBPL72L2EC cc 1 March 2026
_ga cc 1 March 2026
AnalyticsSyncHistory cc 31 March 2024
__hstc cc 7 March 2023
__hssrc

This group of cookies is used to show you ads of topics that you are interested in. It also lets us monitor our marketing activities, it helps to measure the performance of our ads.

Cookie name
Description
_omappvp cc 11 February 2035
_omappvs cc 1 March 2024
_fbp cc 30 May 2024
fr cc 7 December 2022
muc_ads cc 7 September 2024
lang
_ttp cc 26 March 2025
_tt_enable_cookie cc 26 March 2025
_ttp cc 26 March 2025
hubspotutk cc 7 March 2023

Cookies from this group store your preferences you gave while using the site, so that they will already be here when you visit the page after some time.

Cookie name
Description
personalization_id cc 7 September 2024
UserMatchHistory cc 31 March 2024
bcookie cc 1 March 2025
lidc cc 2 March 2024
lang
bscookie cc 1 March 2025
li_gc cc 28 August 2024

This page uses cookies. Cookies are files stored in your browser and are used by most websites to help personalise your web experience. For more information see our Privacy Policy You can manage cookies by clicking "Settings". If you agree to our use of cookies, click "Accept all".

Change region and language
Country of residence
Language