What is Fill Price?

The exact price at which a trade was executed.

In-Depth Explanation

Due to market movement and slippage, the fill price may sometimes be different from the price you initially requested when placing the order.

"The trader requested a fill at 1.2500 but the actual fill price was 1.2501."

Knowing the terms is just the start. Learning how to apply them is where the edge is found.