Confirmation
A document or electronic message confirming the details of a completed trade, including amount, price, and settlement date.
A confirmation is the official record of a completed trade, showing the agreed details. Brokers provide electronic confirmations in your platform or history.
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
Confirmation Example
Say your platform shows a buy fill at 1.0852, ticket number attached, while your spreadsheet expected 1.0850. The confirmation governs: 2 pips of slippage stands, and your records adjust to the broker tape, not the other way round.
How Traders Use Confirmation
Reconcile confirmations daily against your own log. Mismatched fills, wrong sizes, mystery fees: catch them within 24 hours while support can still trace the ticket.
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