Top Broker Spread Awards 2016
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 2016!
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!!
Top Brokers, Lowest Spreads - EURUSD
Other Covered Brokers - EURUSD
| Award |
|---|
|
AAAFx
Greece
|
|
ADS Securities
United Arab Emirates
|
|
ADS Securities - ECN
United Arab Emirates
|
|
AGEA
Montenegro
|
|
ATC Brokers
UK
|
|
Admiral Markets
Estonia
|
|
Alpari Limited - ProECN
Cyprus
|
|
Alvexo
Cyprus
|
|
AvaTrade
Ireland
|
|
Axitrader - Prime
Australia
|
|
Axitrader - Standard
Australia
|
|
BTFX
Malta
|
|
Blackwell Global
Cyprus
|
|
Darwinex
UK
|
|
EasyForex
Cyprus
|
|
Exness
Cyprus
|
|
Exness ECN
Cyprus
|
|
FBS
St. Vincent and the Grenadines
|
|
FIBO Group
British Virgin Islands
|
|
FPMarkets
Australia
|
|
FX Choice - Pro
Belize
|
|
FXCC - XL
Cyprus
|
|
FXCM
UK
|
|
FXDD
Malta
|
|
FXGlory
Georgia
|
|
FXOpen - ECN
Saint Kitts And Nevis
|
|
FXOpen STP
Saint Kitts And Nevis
|
|
FXOptimax
St. Vincent and the Grenadines
|
|
FXPIG ECN
New Zealand
|
|
FXstart
Russia
|
|
Fidelis CM - commission
Belize
|
|
FinFx - ECN Pro
Cyprus
|
|
FirewoodFX
St. Vincent and the Grenadines
|
|
Forex.ee
Estonia
|
|
Forex.ee - STP
Estonia
|
|
Forex4you - Cent
British Virgin Islands
|
|
Forex4you - Cent NDD
British Virgin Islands
|
|
Forex4you - Standard
British Virgin Islands
|
|
Forex4you Pro - STP
British Virgin Islands
|
|
ForexTime - ECN
Cyprus
|
|
FortFS
Belize
|
|
FxChoice - Classic
Belize
|
|
FxGrow - ECN
Cyprus
|
|
FxPro
Cyprus
|
|
GAIN Capital - FOREX.com UK
UK
|
|
GBEbrokers
Cyprus
|
|
GDMFX
New Zealand
|
|
GKFX - ECN
UK
|
|
GO Markets
Australia
|
|
Global Prime
Australia
|
|
Hantec Markets
UK
|
|
HiWayFX
St. Vincent and the Grenadines
|
|
HotForex
Cyprus
|
|
IC Markets - Standard
Australia
|
|
IC Markets - TrueECN
Australia
|
|
ICM Capital
UK
|
|
IamFX
Panama
|
|
JFD Brokers
Cyprus
|
|
JustForex - NDD
Belize
|
|
LCG
UK
|
|
LMAX Exchange
UK
|
|
LiteForex - Cent
Marshall Islands
|
|
MAXFX - ECNMax
Cyprus
|
|
MEX Group
UK
|
|
Markets.com
Cyprus
|
|
Mayzus - STP mini
Cyprus
|
|
Mt. Cook - DMA
South Africa
|
|
Nord FX
Mauritius
|
|
OANDA
US
|
|
OctaFX
St. Vincent and the Grenadines
|
|
One Financial Markets
UK
|
|
One Trade
UK
|
|
Pepperstone - Razor
Australia
|
|
Pepperstone - Standard
Australia
|
|
RoboForex - Fix Cent
Cyprus
|
|
RoboForex - Pro
Cyprus
|
|
RubixFX
Australia
|
|
SFX Markets
St. Vincent and the Grenadines
|
|
Squared Financial
Ireland
|
|
Swissquote Bank
UK
|
|
SynergyHybrid
Australia
|
|
Tallinex ECN Pro
St. Vincent and the Grenadines
|
|
TenkoFX
Belize
|
|
ThinkMarkets
Australia
|
|
Tickmill
UK
|
|
Tier1FX
Malta
|
|
Traders Way
Dominica
|
|
Tradeview
Cayman Islands
|
|
TurboForex
Marshall Islands
|
|
VantageFX Standard
Australia
|
Varianse - ECNPro
UK
|
|
Vipro Markets
Cyprus
|
|
XM
UK
|
|
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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