Singapore October BV Review: Who are the top ten in the overall ranking?

In October's BrokersView evaluation, AUS Global topped the list of 28 brokers based on its strong performance across key trading factors, including speed, stability, liquidity, spreads, and swap rates. IC Markets and Tickmill followed in second and third place, respectively, with notable performances in specific areas.

NO.1 AUS Global

The winner in October was AUS Global, which performed well in five categories: Trading Speed, Stability, Liquidity, Spreads and Swap Rates.

In terms of trading speed, AUS Global performed well, with an average trading speed of 242ms and the fastest transaction speed of 196ms, ranking second ​in this item, better than 93% of brokers.

In terms of Stability, AUS Global performed well and ranked third.

The average spread on EURUSD, GPBUSD and XAUUSD was 2.0, 8.0 and 5.3 point respectively, ranking fourth, better than 85.7% of brokers.

AUS Global's Avg. quoting freq. on EURUSD, GPBUSD and XAUUSD is 78, 93, 188times/min, ranking fifth, 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 sixth.

Its Execution Price is slightly worse.

NO.2 IC Markets

Runner-up IC Markets was rated as the BEST PRICE EXECUTION broker in October.Its execution price on EURUSD, GPBUSD and XAUUSD is +3.2, +1.2 and +4.6 point, ranking first.

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

In terms of spread, IC Markets' average spread on EURUSD, GPBUSD and XAUUSD is 0.5, 1.9 and 6.6 points respectively, ranking sixth in the category and outperforming 79% of brokers.

IC Markets' swap rates for EURUSD, GPBUSD and XAUUSD are -3.69, -2.36 and -12.06 USD/lot respectively, ranking seventh.

In terms of trading speed, IC Markets' average trading speed of 364ms and the fastest transaction speed of 278ms, ranking tenth.

Its performance in Stability and Liquidity is poor.

NO.3 Tickmill

Third place Tickmill performed well in four categories: Liquidity, Execution Price, Spreads and Swap Rates.

The average spread on EURUSD, GPBUSD and XAUUSD was 0.9, 3.3 and 8.6 points respectively, which was better than 82% of brokers.

Its liquidity ranks eighth, Tickmill's Avg. quoting freq in EURUSD, GBPUSD and XAUUSD was 56, 139 and 164times/min respectively, better than 71% of brokers.

Tickmill's execution price on EURUSD, GPBUSD and XAUUSD is +0.3, +0.1 and +2.5 point, better than 71% of brokers.

Tickmill's swap rates for EURUSD, GPBUSD and XAUUSD are -3.13, -3.12 and -11.54 USD/lot, respectively, ranking tenth.

However, It performed slightly worse in two areas: Trading Speed and Stability.

The brokers ranked 4 to 10 are XM, Decode Global, EightCap, DLSM, Doo Prime, FP Markets, and FxPro.

Among them, Doo Prime 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.