We provide trade execution analytics to ensure retail FX/CFD brokers provide quality executions with fair pricing.
VerifyMyTrade allows brokers to continually monitor execution quality on a monthly basis and ensure they provide satisfactory trade executions overall, similar to the “best execution” requirements in major international jurisdictions.
VerifyMyTrade collates market reference data against which brokers’ price execution is benchmarked. A report with a statistically meaningful sample of 5,000 executed orders across a month in major FX/CFD pairs is compared to this reference data in order to provide a qualitative report of the fairness of execution prices. Naturally, execution quality may vary on the positive and negative side of the benchmark, but will ultimately show what percentage of the sample monthly executed orders are well executed.
VerifyMyTrade is an independent company, not affiliated to any broker, liquidity provider or banking institution. We are looking out for the best interests of the OTC FX/CFD market and its participants. VerifyMyTrade does not provide any recommendations to any parties, including retail traders on the basis of any benchmarking or analysis conducted for our clients. Our company’s objective is purely to create transparency, not to show favor.
We understand OTC Markets, and our analysis methodology considers: multi-sourced retail OTC price data (NOT Interbank price data from Reuters or Bloomberg); spreads, commissions and partner fees, as well as different account types; the impact of news events, global disruptions, geopolitical uncertainty and market dynamics.
Send us a monthly report of 5,000 executed orders and we’ll compare them to the retail OTC market.
Find out the quality of your trade execution – compared to the broader OTC market price.
Gain more trust from traders with a public monthly report and badge indicating your order execution quality meets or exceeds industry standards.
By allowing your traders to submit disputes when order execution comes into question to the Financial Commission, our trusted partner in neutral and unbiased dispute resolution since 2013.
Use the quality of your pricing and execution to attract and retain customers
Let new customers know then can be assured of the quality of your trade execution.
Give existing clients a piece of mind in trading, especially during times of heightened volatility, global disruptions and geopolitical uncertainty.
Leave your customers with no doubts about your order execution quality with our partner’s free dispute resolution service – offering independent expert analysis to ensure fairness and transparency.
FINACOM PLC LTD. and its affiliates (“The Financial Commission”), has conducted dispute resolution services specifically for FX and CFD traders and broker member firms since 2013 as an independent, non-governmental self-regulatory organization and external dispute resolution (EDR) forum, funded by membership dues collected from its broker members.
The Financial Commission is not a governmental regulatory body and does not purport to be. It is not licensed by any regulator. The organization was established exclusively for the purpose of amicably resolving disputes between FX and CFD traders and brokers in a transparent and efficient manner.
If you find your broker’s execution to be poor, please contact them directly. Feel free to mention our website so that they can compare their own execution quality against the industry.
Please DO NOT email us for broker recommendations.