October BV Frankfurt Assessment: Revealing the Top Brokers in Europe

The October BrokersView Frankfurt Assessment highlights the best performing Forex brokers based on various key trading indicators from October 1-31.Here's a summary of the findings:

1、IC Markets

IC Markets emerged as the top broker in October due to its strong performance across several critical categories:

Execution Price: Ranked 1st with solid results across EURUSD, GBPUSD, and XAUUSD, achieving scores of 3.6, 1.3, and 6 points respectively.

Trading Speed: Averaged 280ms, with the fastest speed at 162ms, ranking 4th, outpacing 85.7% of brokers.

Spreads: Competitive spreads of 0.5 on EURUSD, 1.9 on GBPUSD, and 6.6 on XAUUSD, ranking 6th.

Swap Rates: Moderate swap rates, particularly -3.69 (EURUSD), -2.36 (GBPUSD), and -12.06 USD/lot (XAUUSD), ranking 7th.

Stability & Liquidity: Noted as slightly weaker compared to competitors.

2、Tickmill

Tickmill secured the second spot by performing consistently well across all metrics:

Trading Speed: Averaged 352ms, with the fastest at 161ms, ranking 10th.

Execution Price: Scores of 0.3 (EURUSD), 0 (GBPUSD), and 3.2 (XAUUSD), ranked 9th.

Spreads: 0.9 (EURUSD), 3.3 (GBPUSD), and 8.6 (XAUUSD), ranked 5th.

Swap Rates: -3.13 (EURUSD), -3.12 (GBPUSD), and -11.54 USD/lot (XAUUSD), ranked 10th.

3、Decode Global

Decode Global ranked third, with standout performance in:

Trading Speed: Excellent speed averaging 224ms, with the fastest at 114ms, ranking 3rd.

Liquidity: High liquidity with quoting frequency in EURUSD, GBPUSD, and XAUUSD at 68, 123, and 219 times/min, respectively, ranking 3rd.

Spreads: 11.1 (EURUSD), 13.2 (GBPUSD), and 16.1 (XAUUSD), ranked 7th.

Notably weaker in Stability, Execution Price, and Swap Rates.

The brokers ranked 4 to 10 are XM, FP Markets, AUS Global, GO Markets, EightCap, TMGM and Windsor Brokers.

BEST TRADING SPEED：FP Markets

BEST TRADING STABILITY：Swissquote

BEST TRADING LIQUIDITY：FxPro

BEST PRICE EXECUTION：IC Markets

BEST TRADING SPREAD：Pepperstone

BEST TRADING SWAP RATE：XM

Summary

For investors in Frankfurt, these evaluations serve as a useful guide for selecting a suitable broker. Factors such as trading speed, spread, stability, execution price, and liquidity should align with individual trading strategies to ensure a fruitful long-term partnership with a broker.

For a more in-depth analysis, refer to the BrokersView evaluation column, which provides a comprehensive breakdown of each broker's performance.