BV Review: August Overall Ranking Of 28 Brokers Is Freshly Released!

BrokersView records solid trade orders from 28 brokers for a consecutive month, and the August ​test results have been published. Let's see, which brokers come out on top? What are the advantages of these great brokers?

NO.1 AUS Global

The winner in August was AUS Global, which performed well in four categories: Trading Speed, Execution Price and Swap Rates.

AUS Global's execution price on EURUSD, GPBUSD and XAUUSD is 0.6, 0.2 and 1.5 point, ranking second, better than 93% of brokers.

In terms of trading speed, AUS Global performed well, with an average trading speed of 307ms and the fastest transaction speed of 282ms, ranking fifth ​in this item, better than 82% of brokers.

Their overnight interest in EURUSD, GPBUSD and XAUUSD was -0.91, -1.14 and -15.94 USD/lot respectively, ranking four on this indicator.

NO.2 Decode Global

Decode Global, the runner-up, performed well in the four categories of Trading Speed, Liquidity and Execution Price and Spreads.

In terms of trading speed, Decode Global ranked second with an average trading speed of 286ms and the fastest transaction speed of 247ms, outperforming 93% of brokers.

Its liquidity ranks fifth, with an average quotation frequency of 80, 129 and 225 times/minute, respectively, which is better than 82% of brokers.

The average spread on EURUSD, GPBUSD and XAUUSD was 11.0, 13.1 and 15.5 points respectively, which was better than 68% of brokers.

Decode Global's execution price on EURUSD, GPBUSD and XAUUSD is 0.3, -0.1 and 0.7 point, better than 64% of brokers.

However, it performed poorly on Swap Rates.

NO.3 IC Markets

IC Markets was rated as the BEST PRICE EXECUTION broker in August.Its execution price on EURUSD, GPBUSD and XAUUSD is 2.1, 0.3 and 4.4 point, ranking first.

In addition, it also performs well in terms of spreads and swap rates.

In terms of spread, IC Markets' average spread on EURUSD, GPBUSD and XAUUSD is 0.3, 1.6 and 6.7 points respectively, ranking ninth ​in this item.

Swap rates for IC Markets EURUSD, GPBUSD and XAUUSD were -3.69, -2.36 and -12.06 USD/lot respectively, ranking sixth in the category and outperforming 79% of brokers.

The brokers ranked 4 to 10 are Tickmill、XM、DBG Markets、TMGM、EBC Financial Group、DLS Markets and FP Markets.

Among them, Swissquote was rated as the best trading speed broker, Swissquote was rated as the best trading stability broker, FxPro was rated as the best trading liquidity broker, IC Markets was rated as the best price execution broker, Pepperstone was rated as the best spread broker, and XM was rated as the best swap rates broker.

In summary, these evaluation results provide valuable references for investors in Singapore to choose forex brokers.

Investors should consider their respective trading needs and priorities when choosing to ensure a long-term partnership with the broker that best suits their trading strategy. For more comprehensive evaluation data, please check the BV evaluation colum.