November BV Assessment List Unveiled：Singapore Broker Ranking
Brokersview conducted an assessment of the server performance of 19 brokers in November. The report includes comprehensive rankings and data on six indicators such as trading speed, stability, and slippage. You can find more detailed data in the “BV Assessment” column.
This article discusses the comprehensive ranking of 19 brokers that were tested in Singapore. It is important to note that the comprehensive ranking is based on the overall performance of each broker across six key indicators: trading speed, stability, liquidity, slippage, spread, and rollover rate.
BV Assessment List·Singapore
Champion: Forex
In the month, Forex.com demonstrated the best overall performance. Notably, three out of the six indicators yielded excellent results, including stability, slippage, and rollover. While Forex.com’s trading speed and spread performance were considered average, its liquidity performance fell short of expectations.
Forex.com exhibited an average slippage of +0.5 points, with a 30% probability of experiencing positive slippage. In terms of liquidity, the average quote frequency stands at 59 times per minute.
1st Runner Up: VT Markets
During the period from October to November, VT Markets made a significant counterattack in the comprehensive ranking, soaring from 14th place to an impressive 2nd place. Among the six indicators, VT Markets performed well in terms of stability, slippage, and spread. However, its performance in trading speed, liquidity, and rollover was considered average.
When it comes to spreads, VT Markets maintained an average spread of 2.9 points. Furthermore, in November, the average trading speed recorded by VT Markets was 474 milliseconds.
2nd Runner Up: Exness
In November, Exness also had a notable improvement in its overall ranking, climbing two places higher from its position in October to secure the 5th spot. Among the six indicators, Exness showcased excellent performance in terms of stability, slippage, and spread. However, its trading speed and rollover performance were considered average, while its liquidity fell short of expectations.
Additionally, the average quote frequencies per minute for the Exness platform in November were as follows: 39 for EURUSD, 40 for GBPUSD, and 68 for XAUUSD.
3th Place: FXCM
FXCM experienced a slight decline in its overall ranking, dropping down by one place in November. Among the six indicators, FXCM achieved four indicators with excellent performance and two indicators with average. FXCM demonstrated exceptional performance in terms of stability, slippage, spread, and rollover. However, its trading speed and liquidity was considered average.
In November, FXCM maintained an average trading speed of 319 milliseconds.
4th Place: Decode Global
Decode Global, which held the top position in Singapore’s ranking list in October, experienced a significant decline in November, dropping by four spots.
In November, Decode Global showcased excellent performance in terms of stability, slippage, and spread. However, its performance was considered average in terms of trading speed, liquidity, and rollover.
The above is a portion of the data obtained from BV’s assessment conducted in Singapore during November. To access the complete set of data, kindly refer to the “BV assessment” column.
