In December, BrokersView conducted a comprehensive evaluation of brokers, analyzing their performance across essential trading categories. The results positioned FP Markets as the top-performing broker, followed by Decode Global and EBC Financial Group, all of which have climbed in the rankings.
FP Markets claimed the top spot, showcasing exceptional performance in four key metrics: Trading Speed, Liquidity, Execution Price, and Spreads.
Trading Speed: With an average trading speed of 217ms and the fastest execution at 215ms, FP Markets ranked second, outperforming 92% of brokers.
Liquidity: FP Markets demonstrated strong liquidity, with quoting frequencies of 94, 147, and 214 times/min for EURUSD, GBPUSD, and XAUUSD, respectively, securing second place in this category.
Execution Price: Execution prices for EURUSD, GBPUSD, and XAUUSD were 0, 0.3, and 0 points, respectively, earning FP Markets third place.
Spreads: Average spreads were 11.6 points for EURUSD, 13.6 points for GBPUSD, and 20 points for XAUUSD, placing FP Markets seventh in this category.
Decode Global secured the second position, excelling in Trading Speed, Execution Price, and Spreads.
Execution Price: Decode Global ranked second with execution prices of 0, 0, and 4 points for EURUSD, GBPUSD, and XAUUSD, respectively.
Trading Speed: The broker achieved an average speed of 243ms, with the fastest execution at 236ms, ranking fourth and outperforming 85% of brokers.
Spreads: Decode Global’s average spreads were tight, with EURUSD at 10.9 points, GBPUSD at 11.8 points, and XAUUSD at 16.3 points, ranking fourth.
Decode Global’s performance in other categories was less notable.
EBC Financial Group ranked third, delivering strong results in Trading Speed, Execution Price, and Swap Rates.
Execution Price: With execution prices of 0, 0, and 0 points for EURUSD, GBPUSD, and XAUUSD, EBC Financial Group ranked fourth.
Trading Speed: The broker achieved an average speed of 315ms, with the fastest execution at 156ms, ranking eighth and outperforming 69% of brokers.
Swap Rates: EBC Financial Group offered competitive swap rates at -3.74 USD/lot for EURUSD, -3.97 USD/lot for GBPUSD, and -13.35 USD/lot for XAUUSD, ranking tenth.
EBC Financial Group’s performance in other areas was less competitive.
Other brokers that excelled in specific areas included IC Markets, EightCap, GO Markets, AUS Global, TMGM, Tickmill, and ThinkMarkets.
Best Trading Speed: Anzo Capital
Best Trading Stability: FXTM
Best Trading Liquidity: FxPro
Best Price Execution: ThinkMarkets
Best Trading Spread: AUS Global
Best Trading Swap Rate: Doo Prime
The December evaluation provides valuable insights for investors seeking to align broker strengths with their trading strategies. To make informed decisions, traders are encouraged to refer to BrokersView’s December Assessment for a detailed analysis of top brokers, particularly in the Dubai market.