My Personal Broker Comparison Spreadsheet | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Broker Comparison Table/chart - best way to choose the right broker 14 replies

Firehorse's trading spreadsheet 45 replies

Broker Chart Comparison 6 replies

NDD+STP+ECN and (or) NDD+STP with MT4 - Broker Comparison list 6 replies

Real Time Broker Comparison site 4 replies

Attachments: My Personal Broker Comparison Spreadsheet
Exit Attachments

My Personal Broker Comparison Spreadsheet

  • #1
  • First Post: Edited May 4, 2012 1:03am Dec 17, 2011 3:05am | Edited May 4, 2012 1:03am
Hi all,

This is my personal broker comparison spreadsheet i have compiled over the past few months whilst looking for a new broker. I'm uploading it just to share with others, to start general discussion about broker comparisons, and to hear your feedback/comments/amendments.

It is tailored to my needs so won't suite everyone, for example i've only compared spreads and commissions for EURUSD, and only entered account ccy if GBP is not provided. Execution speeds of a few different live and demo accounts is also included

If you would like to test out some new brokers yourself, here are some tools: Tick flow analysis tools, Tick Chart, Test pending order execution speed, and These scripts can be used to test market order execution speed and slippage

Comments/amendments welcome.
Attached File(s)
File Type: xls Broker Comparisons.xls   212 KB | 6,305 downloads | Uploaded Feb 28, 2012 12:38pm
  • #2
  • Dec 17, 2011 3:44am Dec 17, 2011 3:44am
Quoting rooicol
Hi all,

This is my personal broker comparison spreadsheet i have compiled over the past few months whilst looking for a new broker. I'm uploading it just to share with others, to start general discussion about broker comparisons, and to hear your feedback/comments/amendments.

It is tailored to my needs so won't suite everyone, for example i've only compared spreads and commissions for EURUSD, and only entered account ccy if GBP is not provided.

Comments/amendments welcome.

Good review seem you got all the important keys for decusion here like minimal distance for SL!

Missing some brokers but you can't review them all!
Brokers are angels
  • #3
  • Dec 17, 2011 8:40am Dec 17, 2011 8:40am
Quoting fx13
Good review seem you got all the important keys for decusion here like minimal distance for SL!

Missing some brokers but you can't review them all!
Thanks. Yeah there must be hundreds of others not in the table... Any majors i'm missing?
  • #4
  • Dec 17, 2011 3:51pm Dec 17, 2011 3:51pm
Very nice!
I have vouched for you, good work, pls share it as much as possible.
Last year I did the same comparison, but only with a few brokers.
  • #5
  • Dec 29, 2011 7:24am Dec 29, 2011 7:24am
Very nice info. Thank you for sharing.
  • #6
  • Dec 30, 2011 4:41am Dec 30, 2011 4:41am
Quoting rooicol
Thanks. Yeah there must be hundreds of others not in the table... Any majors i'm missing?
rooicol,

thank you for a very remarkable and detailed overview. Question ref to MBT (MB Trading). My experience of EURUSD spread is around 0.7 in average. Was your data based on their normal (old) Pay for Limit Plan or the new EXN, which has possibly other (higher) spread?

Regards
josch
trading is war - life is simple
  • #7
  • Dec 30, 2011 5:24am Dec 30, 2011 5:24am
Quoting josch
rooicol,

thank you for a very remarkable and detailed overview. Question ref to MBT (MB Trading). My experience of EURUSD spread is around 0.7 in average. Was your data based on their normal (old) Pay for Limit Plan or the new EXN, which has possibly other (higher) spread?

Regards
josch
Hi Josch,

Glad it has been of value to you. It was a MBT UK Free ECN Live account, based on the period of 29-11-2011 to 09-12-2011, (as stated at the top of the "Broker's Spread" spreadsheet).

rooicol
  • #8
  • Dec 31, 2011 2:34pm Dec 31, 2011 2:34pm
Nice stuff. I'm also looking for a better broker, one that offers cfd's.
coz i used to use "myfxchoice" demo account just to see them charts, they are gmt+1,offer cfd, gold silver oil, everything, which is actually hard to find, especially for my timezone, but all of a sudden, all those were deleted a few weeks ago, sux big time, don't know why,... didn't get a reply from them when i asked about it. How is that possible anyway? :s
very very frustrating, been looking for dayz now.. also must be 5digits.
Old Habits Die Hard.
  • #9
  • Jan 1, 2012 7:25am Jan 1, 2012 7:25am
Quoting rooicol
Hi Josch,

Glad it has been of value to you. ...

rooicol
rooicol,

thank you for fast response and have a Happy New Year!

josch
trading is war - life is simple
  • #10
  • Jan 2, 2012 9:38am Jan 2, 2012 9:38am
Thank you for the information. With regard to mbtrading,
*Slippage can be very large in volatile markets"

Does the slippage occurs outside news? And how big is it?
  • #11
  • Jan 2, 2012 2:06pm Jan 2, 2012 2:06pm
Quoting themchose
... With regard to mbtrading,
*Slippage can be very large in volatile markets"
Does the slippage occurs outside news? And how big is it?
themchose,

I didn't recognize large slippage with MBT US, but I don't trade news. Volatile markets as EURUSD last weeks/months - of course there is slippage in order execution, but I didn't make any stats about this. Also I think, there are firms with good or bad habit (=spread+slippage), but if you have a good one, slippage is acceptable ref. on market conditions.

josch
trading is war - life is simple
  • #12
  • Jan 4, 2012 9:10pm Jan 4, 2012 9:10pm
Quoting rooicol
Any majors i'm missing?
Interactive brokers?
Tradestation?


sorting them by name would be nice as well
Have a nice day
  • #13
  • Jan 5, 2012 1:57am Jan 5, 2012 1:57am
Quoting billv
Interactive brokers?
Tradestation?


sorting them by name would be nice as well
Yeah, i do intend to add Interactive Brokers, but for now i've settled with a Pepperstone razor account. The main reason i haven't done them yet is because they don't offer MT4. If anyone would like to enter the values for IB they are welcome to, you can just upload another version in a new post below. Not sure if it will be possible to calculate execution speed in milliseconds though without MQL4.

Anyone can sort it ascending/descending according to which ever column they like really easily simply by selecting the whole table and going to Data>Sort in the menu bar. For example you may want to sort according to broker name, stop distance, total cost, execution speed, min deposit/trade size, etc.
  • #14
  • Jan 5, 2012 3:34am Jan 5, 2012 3:34am
Quoting rooicol
.... For example you may want to sort according to broker name, stop distance, total cost, execution speed, min deposit/trade size, etc.
Hi, may I know how you obtain the data for average spread,
do you use your own EA or indicator? I am trying to find indicators to record tick by tick spread for Alpari or Pepperstone.
  • #15
  • Jan 5, 2012 5:24am Jan 5, 2012 5:24am
Quoting Ryan.fx
Hi, may I know how you obtain the data for average spread,
do you use your own EA or indicator? I am trying to find indicators to record tick by tick spread for Alpari or Pepperstone.
I use an indicator that logs the incoming ticks when the platform is running, then I calculated the spread data using Excel from the tick log.
  • #16
  • Jan 5, 2012 5:50pm Jan 5, 2012 5:50pm
Tnx a lot for sharing!

So which broker did u pick then?
Thoughts are things
  • #17
  • Jan 6, 2012 1:34am Jan 6, 2012 1:34am
Quoting Quezoy
Tnx a lot for sharing!

So which broker did u pick then?
You're welcome, i'm trading with Pepperstone now, they are providing a good service.
  • #18
  • Jan 6, 2012 5:48pm Jan 6, 2012 5:48pm
Quoting rooicol
i'm trading with Pepperstone now, they are providing a good service
What about slippage during volatile conditions?
I opened an ordinary MT4 account with Peperstone Aus but I'm not that impressed.
Maybe I should try the Razor service.
Are you in the UK?
Have a nice day
  • #19
  • Jan 7, 2012 4:07am Jan 7, 2012 4:07am
Quoting billv
What about slippage during volatile conditions?
I opened an ordinary MT4 account with Peperstone Aus but I'm not that impressed.
Maybe I should try the Razor service.
Are you in the UK?
Slippage on pending order is much better than most brokers i've tried live.

Slippage on market orders is simply down to execution speed and market volatility so nothing to do with the broker, provided your not trading large enough positions sizes that consume all their available liquidity.

Razor account is about 0.3 pips cheaper, otherwise the exact same, you just pay a commission fee instead of a wider spread.
  • #20
  • Jan 10, 2012 12:46pm Jan 10, 2012 12:46pm
Great new tool from MyFX Book.
http://www.myfxbook.com/forex-broker-spreads

Like http://www.fxintel.com/

But remain a quick snapshot.

13
Brokers are angels
0 traders viewing now