currency market execution
currency market execution
Our intent is to offer a service that encourages fair play in the forex market by allowing market participants to assess the quality of the execution their broker is providing.
All brokers will make claims about how good their execution is, how tight the spreads and how competitive their prices are. But how do you know how good your broker really is? With Verify My Trade, we can quickly check your execution quality and give you a result in seconds.
We consolidate price feeds from dozens of retail forex brokers and produce statistical box plots.
Box Plots are a representation of the minimum, maximum and percentiles of the ticks received for every second of the day. This is illustrated by the image below.
When one provides us with a trade’s details we can map the execution price received with the boxplot percentiles for that particular time of day.
We are an independent company, not affiliated to any broker. We are looking out for the best interests of the OTC currency market. We do not, and will not recommend brokers with better execution. Our company’s objective is purely to create transparency, not to show favoritism to certain brokers.
If you are a broker, you can click here to read more about how our product deals with specific regulatory requirements for OTC Brokers.
The Financial Commission (FinaCom PLC) is the first, neutral, third party Dispute Resolution Organization that is dedicated specifically to Forex, and it operates in a Way where transparency, Swiftness, and education are the paramount Values. The Financial Commission ensures that traders and brokers are getting their disputes resolved in a quick, efficient, unbiased and authentic manner, while making sure they walk away with a Well-founded answer, thus contributing to their overall knowledge about Forex.
Autochartist was established in 2004 and is currently servicing over 100 of the largest and most successful on-line brokers and institutions with financial market analysis content. Autochartist boasts a community of more than 1 million traders in over 80 countries worldwide. With data going back to 2010, Autochartist provides clients with a fully transparent service and aims to be in the forefront of a maturing market by being the independent analytical platform of choice. Committed to service excellence, tailoring solutions, and never slowing down with developing innovative new products that deliver high-quality, actionable potential trade opportunities, Autochartist is the market leader in automated financial market analysis.
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.