Fill Ratio in Forex
A clear definition of Fill Ratio, with practical context for reading markets and making better trading decisions.
Definition
Definition
The fill ratio measures how much of submitted trading interest is successfully executed, commonly expressed as a percentage. It can refer to the share of orders filled or to the proportion of an individual order quantity that receives execution, depending on the context.
How It Works
Electronic markets separate the price you see, the instruction you send, and the final execution you receive. Available liquidity, order type, venue rules, and market movement can all affect what happens between those steps.
Why It Matters
This vocabulary lets you read a broker or platform screen accurately. The goal at Level 2 is mechanical literacy - knowing what a displayed price, order status, or execution record means - rather than predicting the market.
Key Takeaway
The fill ratio measures how much of submitted trading interest is successfully executed, commonly expressed as a percentage.
Practical forex example
Why Fill Ratio matters
Understanding Fill Ratio helps traders interpret market information, plan decisions, and manage risk with more context.
Related forex terms
Turn the definition into trading skill.
Explore structured lessons and practical tools when you are ready to go further.