You are reading TradeProofer.com`s Broker Handbook, February

Welcome!
You are reading TradeProofer.com's Broker Handbook, February release.
Understanding Charts
Datapoints: we worked with hourly average spread values as datapoints between 1st and 28th
of February, 2015.
X axis: spread ranges. For example, 0,2-0,4 range aggregates all avg spreads between 0,2 and
0,4.
Y axis: frequency. it shows how many times the hourly avg spread was in the given spread
range in January. Accidental curves beneath zero are caused by the chart rendering engine's
curving algorithm, no negative frequency, of course.
Ranking: the leaderboard is based on the monthly average of hourly average spreads.
Commission adjustment: all spreads are commission adjusted spreads. When picking the right
commission value we presumed a default USD account with no discount due to trade volume
or high account deposit.
Disclaimers, limitations:
Scope of ranked brokers: There’s no broker blacklist, we display all brokers we had enough
community data to cover, so simple. There are hundreds of brokers out there, so our ranking
is not all inclusive. However, we cover a large chunk of the market, so we are sure our ranking
is a good indicator about a broker's competitiveness.
Data Quality: We do our best to capture spreads, however we can provide these data only on
an "as we saw" basis. Ie. brokers' own factual tick-by-tick spread histories might differ from
ours. But not much.
Trading sessions: Spreads are aggregated using 0-24 data, if you want to filter to a specific
trading session, then you can adjust it in our interactive broker cost comparison engine on
TradeProofer.com.
Trade volume discount and other customization: Please use our interactive broker cost
comparison service on TradeProofer.com to get a fully personalized broker ranking. You can
set account deposit, trade volume, trade frequency, trading session etc.
Slippage/Execution issues: These data are based on bid/ask values, not actual execution
prices. If you want to check whether your trade execution was fair or not at a specific time at
a specific price, use our trade proofing service on TradeProofer.com.
All the rest is rather straightforward. If you are journalist or blogger, we are happy to create
ad-hoc analysis/comparison on just about anything you would find interesting. Just drop us an
email to [email protected]
If you want to be notified about our publications, just join the TradeProofer community and
we will keep you posted.
TradeProofer Team
I. Leaderboard
GBPUSD
Ranking
1-10
AVG Spread
0.44 - 0.92
Exness ECN
Fidelis CM
ForexTrend
FXCM
GDMFX
IC Markets
IKON Group
JFD Brokers
Pepperstone
RVD Markets – ECN
Ranking
11-20
AVG Spread
0.93 - 1.31
AAAFx
Exness
Global Prime
IronFX
LMAX
OctaFX
RoboForex ECN
Sensus Capital Markets
Squared Financial
Traders Way
Ranking
21-30
AVG Spread
1.32 - 1.81
ActivTrades Advantage
AxiTrader Pro
Darwinex
FBS
ForexTime ECN
FPMarkets
FXOpen ECN
FXPIG ECN
Orbex
TenkoFX
Ranking
AVG Spread
Forex.ee
FXCC
GKFX
GKFX-ECN
GO Markets
HotForex
IamFX
Synergy FX
Tallinex ECN Pro
ThinkForex Pro
31-40
1.87 - 2.27
Ranking
AVG Spread
BTFX
Forex.com
FXOpen STP
FXstart
GFT Forex
Hantec Markets
OANDA
RoboForex Pro
Tradeview
XM
41-50
2.29 - 3
Ranking
51-59
AVG Spread
3-4
AGEA
Blackwell Global
EasyForex
FIBO
InstaForex
LiteForex
Markets.com
RoboForex Fix Cent
TradeFort
II. Spread distributions