Top Broker Spread Awards 2015

If you’re fed up with Forex Awards that anyone can ‘win’ with cash and not merit then TradeProofer proudly presents the real thing: The Top Broker Spread Awards for 2015!

93 forex brokers, 43 FX crosses, commission adjusted spreads and no ‘target spreads’ based on pure tick data. If you crave more boring info, see the below scoreboard but there is only one thing you really need to know:

None of the winners paid us a single cent for their awards!
Yeah, we’re trying something new!!



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Top Brokers, Lowest Spreads - EURGBP


Other Covered Brokers - EURGBP


AGM Markets
Cyprus
Admiral Markets Prime
Estonia
AvaTrade
Ireland
FX Choice - Pro
Belize
FXDD
Malta
FXOptimax
St. Vincent and the Grenadines
FinFx - ECN Pro
Cyprus
FirewoodFX
St. Vincent and the Grenadines
Forex4you - Standard
Virgin Islands (british)
Forex4you Pro-STP
Virgin Islands (british)
FortFS
Belize
FxChoice (Classic)
Belize
Gallant Capital Markets - Pro
Virgin Islands (british)
Hirose Financial
UK
Key to Markets
New Zealand
Mayzus - STP mini
Cyprus
NetoTrade ECN
Belize
Nord FX
Mauritius
One Financial Markets
UK
Sunbird
Dominica
Valutrades
UK
VantageFX Standard
Australia
stock.com
Cyprus
xCFD
New Zealand

Award

AAAFx
Greece

AGEA
Montenegro

AGM Markets
Cyprus

ATC Brokers
UK

ActivTrades Advantage
UK

Admiral Markets
Estonia

Admiral Markets Prime
Estonia

AvaTrade
Ireland
TradeProofer Spread Award with A-class Regulation
AxiTrader Pro
Australia

BTFX
Malta

Blackwell Global
Cyprus
TradeProofer Spread Award with A-class Regulation
Darwinex
UK

EasyForex
Cyprus

Exness
Cyprus
TradeProofer Spread Award
Exness ECN
Cyprus

FBS
St. Vincent and the Grenadines

FIBO
Virgin Islands (british)
TradeProofer Spread Award with A-class Regulation
FPMarkets
Australia

FX Choice - Pro
Belize

FXCM
US

FXDD
Malta

FXOpen ECN
Saint Kitts And Nevis

FXOpen STP
Saint Kitts And Nevis

FXOptimax
St. Vincent and the Grenadines

FXPIG ECN
New Zealand

FXstart
Russian

Fidelis CM - commission
Belize

FinFx - ECN Pro
Cyprus

FirewoodFX
St. Vincent and the Grenadines

Forex.ee
Estonia

Forex.ee STP
Estonia

Forex4you - Standard
Virgin Islands (british)

Forex4you Pro-STP
Virgin Islands (british)

ForexTime - ECN
Cyprus

FortFS
Belize

FxChoice (Classic)
Belize

FxPro
Cyprus
TradeProofer Spread Award with A-class Regulation
GAIN Capital - FOREX.com
UK

GKFX
UK

GKFX-ECN
UK

GO Markets
Australia

Gallant Capital Markets - Pro
Virgin Islands (british)
TradeProofer Spread Award with A-class Regulation
Global Prime
Australia

Hantec Markets
UK

Hirose Financial
UK

HotForex
Cyprus
TradeProofer Spread Award with A-class Regulation
IC Markets TrueECN
Australia
TradeProofer Spread Award with A-class Regulation
IKON Group
UK

InstaForex
Russian

JFD Brokers
Cyprus

JustForex - NDD
Belize

Key to Markets
New Zealand

LMAX Exchange
UK

LiteForex - Cent
Marshall Islands
TradeProofer Spread Award with A-class Regulation
MahiFX
Australia

Markets.com
Cyprus

Mayzus - STP mini
Cyprus

NetoTrade ECN
Belize

Nord FX
Mauritius

OANDA
US
TradeProofer Spread Award
OctaFX
St. Vincent and the Grenadines

One Financial Markets
UK

Orbex - Standard
Cyprus
TradeProofer Spread Award with A-class Regulation
Pepperstone
Australia
TradeProofer Spread Award with A-class Regulation
Price Markets Dynamic
UK

RoboForex ECN
Cyprus

RoboForex Fix Cent
Cyprus

RoboForex Pro
Cyprus

Solforex - Premium
New Zealand

Squared Financial
Ireland

Sunbird
Dominica

SynergyHybrid
Australia

Tallinex ECN Pro
St. Vincent and the Grenadines

TenkoFX
Belize

ThinkForex Pro
Australia

ThinkForex Standard
Australia
TradeProofer Spread Award
Tickmill
Seychelles

TradeKing
US

Traders Way
Dominica

Tradeview
Cayman Islands

Valutrades
UK

VantageFX Standard
Australia

XM
Cyprus

XTB - Basic
UK

stock.com
Cyprus

xCFD
New Zealand

Further Awards Info

Datapoints: For our datapoints, we worked with hourly average spread values between January 1 and December 31 in 2016. Weekend sessions were cut off.

Ranking: The leaderboard is based on the annual average of hourly spreads. We awarded the top 10 brokers with A-class regulation in each FX cross. Overall, the top 10 brokers got awarded regardless of their regulation. We decided not to differentiate among award winners since their spreads are very close to one another.

Regulation: A-class regulation: UK, US, Australia, Switzerland, Germany. MIFID "registration" does not count, just regulation.

Commission adjustment: All spreads were adjusted according to commission in order to avoid comparing apples to oranges. When picking the right commission value, we presumed a plain USD account with no discount due to trade volume or high account deposit.

Disclaimers, limitations

Scope of ranked brokers: Simply put, we display all brokers for whom we had enough community data. 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. Having said that, we decided not to issue awards to any brokers who hold a "SCAM" rating with the FPA. IronFX and Gainsy were affected by this rule.

Data Quality: We do our best to capture spreads, however, we have to rely on data as given by our community members.

Slippage/Execution issues: Spread awards 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

If you are interested in further breakdowns and statistics, drop us an email at feedback@tradeproofer.com
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