What Do We Do?
We have selected 16 financial instruments and track how much it costs to trade this basket of products.
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We monitor 6 stock indices.
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We analyse 7 FX pairs.
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We track 3 commodities.
By observing the Bid-Ask prices of these 16 instruments, we calculate a total cost score. The lower the score, the better the broker. It’s as simple as that.
Why does this matter?
If a broker has higher Bid-Ask spreads, it takes longer for your position to move into profit.
For example:
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If Broker A charges a 3-pip spread, your position must move 3 pips in your favour just to break even.
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If Broker B offers the same product with a 1-pip spread, you break even after just 1 pip.
The difference adds up over time, making a significant impact on your trading profitability.
16 Instruments: Why Our Basket Matters
We focus on the instruments traders use most frequently.
One of the biggest advantages of TraderGuide is that you can compare brokers by individual product.
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If you only trade gold, TraderGuide will find the broker offering the lowest cost to trade gold.
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If you focus on FX, we identify the broker with the tightest FX spreads.
What matters most?
We have boiled it down to three key factors:
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How much does it cost to trade with a broker?
We measure this by analysing Bid-Ask spreads (the difference between the buy and sell price). -
Does the broker offer fixed or variable spreads?
Over 97% of brokers offer variable spreads, meaning they can widen the spread unexpectedly, making trading more expensive. We report the true cost of trading with each broker. -
Are there hidden fees?
Some brokers advertise “zero spread trading” but then charge a commission on top.
We expose these hidden costs to ensure transparency.
How do we do it?
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We open an account with the broker we are evaluating.
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We record their Bid-Ask spreads across 16 instruments.
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We video record prices at the European market open.
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We video record prices at the US market open.
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We publish our findings, providing complete transparency.
What we don't do
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We do NOT let brokers buy their way to the top of our rankings.
Brokers must earn their ranking by offering the lowest trading costs. -
We do NOT review “fluffy” factors like customer service.
We expect all brokers—just like any business—to be professional and treat clients with respect. -
We do NOT care about marketing gimmicks.
A broker sponsoring a football team does not make it a good broker.
A famous brand ambassador does not mean better trading conditions.
We Understand Traders
TraderGuide helps you find the best broker based on:
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What you trade.
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How often you trade.
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Which regulations you prefer.
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How much leverage you need.
Our reports are based on facts, not opinions. We rank brokers based on:
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How much does it cost to trade with them?
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What leverage do they offer?
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How much protection does their regulation provide?
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Do they offer fixed or variable spreads?
Final Thoughts
TraderGuide is dedicated to cutting through the noise and delivering real, data-driven insights. We focus on the true cost of trading, ensuring that you get the best value broker for your trading needs.
