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– the author of this article is the founder of the TradeProofer self-defense community for forex traders and beside this works full time for a brokerage firm as head of online trading.
If you are trying to find the best forex brokers, and having trouble, we proudly present the following Real, Authentic Awards…
I am thrilled to announce we issued our TradeProofer Spread Awards based on brokers’ 2015 performance.
The numbers: 80+ forex brokers and 40+ fx crosses are covered, so it’s quite a big chunk of the market.
We issued awards to the most competitive 10 brokers with A-class country of regulation (UK, US, Australia) and the overall top 10 brokers regardless of their regulation.
You know I am not a big fan of the “Brokers of the Caribbean”, so we tried to make a distinction between brokers who actually adhere to tons of rules and regulations and those whose registered address is under a palm tree and can simply disappear upon the first 5-digit withdrawal request.
We also spent a lot of time to map the covered brokers commission structure, so the awards are based on “commission adjusted” spreads in order to compare apples to apples. If a broker’s commission structure was sophisticated we presumed a plain USD trading account with no discount due to high trading volume.
And last but not least, I would like to give all credit to the TradeProofer community members for all this, as everything we’ve got is based on their market data contribution. I am well aware of that some of the Authentic FX readership are running our EA, great kudos to you guys!
Here is a link to the award page.
PS: One more thing that makes our awards unique: it was totally free for brokers, none of the winners paid us for this.