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Your broker's real costs: the execution audit and the daily written review

Slippage, stop-fill gaps and cost drag, computed only from what FxMind already stores about your account, plus a written recap of every trading day with the fact behind every sentence.

Written by
FxMind team
Published
Updated
Reading time
7 min read

Short answer

  • The execution audit is a monthly page, per linked account, built only from data FxMind already stores: slippage on desk orders, how far a stop-loss filled past its own level, and commission, swap and fees.
  • It says what it cannot measure, too: FxMind never stores a broker's raw bid/ask, so a spread figure is not shown as if it were one. Slippage and the stop-fill gap only cover MT5 and MT4 accounts you still have linked.
  • The daily written review is a short recap of each trading day, in plain sentences, with every number checked against a source before it is stored. A day the analyst cannot ground honestly gets a shorter, composed version instead of a made-up one.
  • Both are Pro and above. Free and Trader see the plan-gate message, never a broken page.

Words used here

Slippage
The gap between a limit, stop or stop-limit order's own price and the price it actually filled at, for orders you sent from the FxMind desk.
Stop-fill gap
How far past a losing trade's own stop-loss level its exit deal actually filled, read from the broker's own exit price.
Cost drag
Commission, swap and fees added together, cost-positive: a bigger number always means more taken from you that month.
Firm day
The trading day used for the review, cut at the account's own reset (a prop firm's reset time, the broker's own midnight, or your own time zone), not always UTC midnight.

Your edge stated plainly: we hold the broker link

A tool that only reads an imported statement can tell you what happened. Because FxMind holds your account's own broker link, the execution audit can tell you something closer to what it cost you to get there: not just that a trade lost money, but whether the fill itself, not the idea, took part of it.

What the data can actually support

This only works because it is honest about its own limits, checked directly against what the schema stores rather than assumed. FxMind never stores a broker's raw bid and ask anywhere, on any account, so a spread figure is never shown as one, even where a number could be estimated. Slippage on your own desk orders and the stop-fill gap are both built from data that exists only for MT5 and MT4 accounts, and only while the account is still linked: the order commands and the deals a bridge connection records. An account that is not linked, such as a manual or CSV journal, still gets its commission, swap and fee totals, because those live on the trade record itself; the page marks the rest as not measurable for that account instead of guessing.

Slippage, on orders you sent from the desk

For a limit, stop or stop-limit order placed from the FxMind trading desk and matched to the deal it produced, the audit compares the price you asked for against the price that filled: paying more on a buy, or receiving less on a sell, is a cost; the opposite is counted too, as a benefit, never hidden to make the number look worse. Market orders are counted (so you can see how many there were) but never priced, because a market order never carries a requested price to compare against.

How far a stop actually filled past its own level

For any closed trade on a linked MT5 or MT4 account, whichever platform or route opened it, the audit reads the exit deal's own stop-loss value against where it actually filled, on the losing side only: a take-profit exit, or a stop that filled at or better than its own level, is never counted as a gap. This is read from the exit deal, not the entry, because a stop can move (break-even, trailing) between when a trade opens and when it closes.

How one month's headline number is built
Commission for the month
-$140
Swap (mostly overnight holds)
-$65
Other fees
-$10
Slippage on desk orders, netted
-$38
This month's cost headline
-$253

The stop-fill gap is shown next to the headline, not folded into it, because it is already reflected in the trade's own realised result; folding it in would count it twice. The page also shows the trend over the trailing 12 months, a break-down by symbol and by session, and the ten worst fills of the month by name.

The daily written review

Once a linked account's trading day closes, plus 20 minutes for deals still arriving, FxMind writes a short recap: what you did (trades closed, net result, best and worst trade, time in the market, how many positions you held at once), how close you came to your own limits (a daily loss limit, maximum positions, a news window, any guard level change or lockout), and what the market itself was doing around your trades (releases and how much the instruments you traded usually move on them). It closes with one observation drawn from those numbers. It never gives advice and never forecasts.

The review also carries one line about broker costs, drawn from the same execution-audit numbers, whenever the week just closed had a non-zero total. It is written in your own language, en, pt-BR or es, with the same figures in every one, and reaches you through your notification preferences rather than sitting only on a page you have to remember to open.

Which plan includes this

The execution audit and the daily review are both Pro and above (Elite and Desk included), the same line as guard actions and order entry. Free and Trader see the page with a plain message that it is part of the paid plans, never a form that looks broken.

Use the audit once a month: if the cost headline and the stop-fill gap are large next to your results, that is the number to weigh when you judge a broker. Both are on the 14-day trial (Pro, no card). Trader is the plan below them. See /features and /pricing.

Questions

  1. 01

    Does the execution audit show my broker's spread?

    No. FxMind never stores a broker's raw bid and ask anywhere, so a spread number is never shown, even where one could be estimated. The page says this rather than reaching for a different feed and calling it a spread.

  2. 02

    Does this work on a CSV or manual journal?

    You still get commission, swap and fee totals. Slippage and the stop-fill gap need broker deal and order data that only a linked MT5 or MT4 account provides.

  3. 03

    Is the daily review ever wrong or made up?

    Every sentence stored has to cite a specific fact and every number in it has to match that fact. A day that cannot support at least three such sentences gets a shorter, plainly composed recap instead.

  4. 04

    How is the trading day cut for the review?

    By the account's own reset: a prop firm's rule set first, then the broker's own midnight, then your own time zone, then UTC, whichever applies to that account.

  5. 05

    Which plan do I need?

    Pro and above for both the execution audit and the daily review. Free and Trader do not have either.

Sources

  1. 01FxMind: featuresfxmind.ai/en/features
  2. 02FxMind: pricingfxmind.ai/en/pricing

Prices, plans and rules change. Check the company's own page before you pay. Product names belong to their owners and are used here only to say which product we mean.

This article is general information, not investment advice. FxMind gives no buy or sell signals and never opens a trade for you.

Try it on your own account

Watch your own trades with it for 14 days.

Pro is free for 14 days, with the read-only link, the warnings and the journal. Or look around the demo account first. Changes are turned off there.

No buy or sell signals, no advice. FxMind never opens a trade for you.