#1 Forex Brokers Rating
DeepPip ranks and scores forex brokers based on spread, commission, slippages, and regulatory reliability from 0 real trading accounts.
We now track 0 forex brokers with a total of 0 executed orders.
Our mission
At DeepPip, we understand that selecting the right forex broker is crucial to trading success. Many traders struggle with issues such as overleveraging, poor risk management, lack of knowledge, or emotional trading. However, even the best strategies and risk management practices can fall short if a broker isn't the right fit. Most forex broker ratings are based on subjective views, leaving traders without clear, objective guidance.
Offer clear, data-driven insights to help traders select the right forex broker.
Equip traders with the knowledge and tools they need to make informed decisions and succeed in the forex market.
Become the industry standard in forex brokers evaluation and scoring.
Why trust us
Trust our expertise and algorithmic precision to guide you in choosing the best forex brokers in the market. Your success in forex trading is our priority.
Expertise
Our team has an average trading experience of 17 years, primarily in algorithmic trading. As such, our conclusions are strictly based on data and verified information. We have an extensive expertise and understanding of the forex brokerage market and trading overall.
Transparency
We are committed to transparency and integrity. Our top forex brokers' scoring process is fully transparent, and we disclose our methodology and criteria.
Data-driven approach
Our forex brokers rating is powered by a sophisticated algorithm that analyzes vast amounts of data. This technology-driven approach eliminates human biases and provides objective, data-backed evaluations of forex brokers.
Continuous Updates
The forex market is dynamic and ever-changing. We continuously monitor and update our algorithm to reflect the latest developments and trends. This ensures that our users have access to the most current and relevant information when making their trading decisions.
Game-Changer for Cost-Conscious Traders
I'm a seasoned trader, always checking trading costs. This platform changed the game for me. Their analysis helped me find cheap brokers, saving me a lot on fees. Ratings are on point. Definitely recommend it!
Effortless Broker Selection
I'm all about data-driven decisions. This startup's analysis of trading costs blew me away. Their smart tools act like a personal advisor, helping me find brokers that match my strategy. Huge props to the team for this cool tool!
Data-Driven Broker Discovery
Found this site while searching for trading tips. The rating system is super easy to understand. It made picking a broker a breeze and saved me from sneaky fees. Thanks a ton!
Frequently asked questions
How do you add brokers to the rating?
The process of adding a broker to the rating is fully automatic. As soon as our database accumulates enough data for our broker evaluation algorithm, the broker is added to the rating. At the moment, trading cost data is collected only through users, who got early access.
But in the near future, all DeepPip users will be able to send data about the trading value of their broker. Thus, the top forex brokers rating will become more and more objective and accurate.
How do you calculate broker score?
At the moment, we calculate the forex broker score based on its trading cost and regulation. The trading cost can be very different for each trading instrument, so the broker score will depend on the symbol you choose. Currently, we calculate the score for EURUSD because it has the highest volume. Soon, we plan to add the ability to analyze the trading cost and broker score for other trading instruments. Also, we are going to add avg review rating as a part of broker score.
How do you rate the level of broker regulation?
Evaluating the regulation of a forex broker is challenging because brokers can have entities in different countries, each under distinct regulations. We consider the entire company group and assume all the broker's clients are under the best regulation they have. For instance, if a broker is regulated by both the FCA (UK) and CySEC (Cyprus), we use the FCA regulation in the broker score calculation since it's more respected. Tier 1 regulations are difficult to get and maintain, so having them usually indicates the broker is trustworthy. However, good regulation doesn't guarantee there won't be issues with the broker. Therefore, the regulation level contributes to the broker's overall score but isn't the primary factor. The main goal of regulation is to protect traders from forex brokers with poor or no regulation. Usually, top forex brokers have Tier 1 regulation.
Where do you get the data for the rating from?
At the moment, we receive trading cost data from traders who have installed DeepPip EA on their desktop MT4/5 terminal. The advisor analyzes data on spread, commission, and slippage and sends it to our database. Currently, we receive data from traders who have received early access. Soon, this opportunity will be available to all DeepPip users.
Which brokers can be included in the rating?
Any broker that offers trading on the MT4/MT5 platforms can be in the ranking. Currently, the ranking includes only MT4 accounts, but we will soon add the top forex brokers for MT5 accounts too.