Essential

Confirmation

A document or electronic message confirming the details of a completed trade, including amount, price, and settlement date.

Definition

A confirmation is an official record of a completed transaction verifying the trade details agreed upon by both parties. In institutional forex, confirmations are exchanged between counterparties after a deal is struck. In retail trading, your broker provides electronic trade confirmations in your platform or account history. Confirmations serve as proof of the trade for record-keeping, tax reporting, and dispute resolution.

How It Works

After execution, the broker generates a confirmation with instrument, direction, size, price, time, and settlement date
In institutional markets, both sides exchange confirmations and must agree on details before settlement
Retail brokers display confirmations in the platform trade history or send via email
Discrepancies must be flagged immediately to avoid settlement issues

Trading Tips

Always check trade confirmations to verify the correct instrument, size, and direction were executed

Save or export confirmations for tax reporting and record-keeping

Contact your broker immediately if a confirmation does not match what you intended to trade

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