Examining 32 Brokers Across 6 Indicators: BrokersView Identifies the Pinnacle of Excellence

As 2024 kicked off, BrokersView conducted a real trading assessment of 32 brokers to help traders in their broker selection. We strive to deliver authentic and reliable data, meticulously evaluating the strengths and weaknesses of each broker based on six core indicators: trading speed, stability, liquidity, spread, slippage, and overnight interest. The assessment took place in Dubai, and the results are detailed in the list below.

Champion: XM

The champion platform in this assessment is XM, which is headquartered in Cyprus and was founded in 2009. XM's outstanding performance in stability, execution price, spreads, and overnight interest contributed to its victory.

XM maintained an average of just 0.1 disconnections per day, surpassing 88% of brokers. Its quote frequency on EURUSD averaged 88 times per minute, outperforming 75% of brokers. Additionally, the average slippage on EURUSD stood at +0.8, with an average spread of 10.9, both of which were better than those of similar brokers. Although trading speed and liquidity were average, the overall score of 79 points secured its first-place when considering various indicators.

2nd Place: AUS Global

The second platform is AUS Global, headquartered in Cyprus and established in 2003, with a minimum deposit of 50USD and a maximum leverage of 1:500. AUS Global obtained the title primarily due to its commendable performance in platform stability, execution price, and spread.

AUS Global experienced an average of 0 disconnections per day, surpassing most brokers. The platform's average slippage on EURUSD is -1.0, with a slippage probability of 64%, and an average spread of 2.3. The platform's trading speed and overnight interest rate were average, but when considering all indicators, the platform achieved an overall score of 78 points, securing the second-place spot.

3rd Place: Tickmill

Tickmill secured the third position this time. Tickmill is headquartered in Seychelles and was established in 2014, with a minimum deposit of 100USD and a maximum leverage of 1:500. It has demonstrated excellent performance in stability, execution price, and spread.

Tickmill had a daily average of 0.3 disconnections, surpassing 44% of brokers in terms of stability. The platform's average slippage on EURUSD was +1.1, with a slippage probability of 50%, and an average spread of 1.8. Despite the platform's average trading speed, liquidity, and overnight interest performance, it achieved an overall score of 75 points, securing the third-place position.

4th Place: ActivTrades

ActivTrades, headquartered in the UK and established in 2001, with a maximum leverage of 1:400, is in the fourth place. The platform recorded an average slippage of 0.0 on EURUSD, with a slippage probability of 21%, and an average trading speed of 166ms, outperforming most brokers. Additionally, the platform experienced an average of 0.2 disconnections per day, surpassing 56% of brokers. However, the platform's performance in terms of liquidity, spreads, and overnight interest was average.

5th Place: VT Markets

The fifth platform on this list is VT Markets, headquartered in Australia and established in 2017, with a maximum leverage of 1:500. VT Markets experienced an average of 1.2 daily disconnections, and an average slippage on EURUSD of +0.5, with a slippage probability of 44%. However, the platform's liquidity and rollover performance were average, which have become its shortcomings.

That’s it for this sharing. Our next assessment will encompass additional indicators, more brokers, and a wider range of areas, so stay tuned! If you have a specific broker in mind that you'd like us to test, or if you'd like your broker to be included in the review, please feel free to reach out to us.