Broker execution scoreboard
Broker execution scoreboard
Measured spreads
Broker websites quote spreads "from 0.0 pips"; what matters is the spread on your ticket at the moment your order fills. Across 936 measured fills on 3 connected accounts, TMGM (TradeMax Global) averaged 13.1 points, with XAUUSD the most-traded symbol. Spread uses the closest broker tick at or before each fill — never a later tick. It includes news widening and rollover, which advertised figures don't.
On XAUUSD, TMGM (TradeMax Global)'s measured spread at the closest pre-fill tick ties for 2 of 8 measured brokers.
Average spread from the closest pre-fill tick; the money column uses the broker's own tick value, per 1.00 lot.
| Symbol | Avg spread | ≈ per 1 lot | Fills |
|---|---|---|---|
| EURUSD | N/A — insufficient evidence | — | 8 |
| USDCHF | N/A — insufficient evidence | — | 20 |
| NZDUSD | N/A — insufficient evidence | — | 4 |
| EURGBP | N/A — insufficient evidence | — | 52 |
| XAUUSD | 13.1 pts | ≈$13.09 | 936 |
| AUDNZD | N/A — insufficient evidence | — | 22 |
Median spread at fill time on the most-traded symbols. Points are symbol-specific — don't compare across charts.
Across 936 measured XAUUSD fills, TMGM (TradeMax Global)'s average spread at the closest pre-fill tick was 13.1 points. The per-symbol table shows other instruments separately.
Advertised spreads are usually a feed minimum. These numbers use the closest tick at or before real fills — including news spikes, rollover widening and off-peak hours — without leaking a post-fill quote into the measurement.
Points — on a 5-digit forex symbol, 10 points = 1 pip. Where the broker's own tick value is known, the per-symbol table also shows the approximate cost per 1.00 lot in money, which is easier to compare across symbols.
Read more: What Is a Good EURUSD Spread? Points, Pips and What Fills Actually Cost · Broker Execution Quality: Measure Slippage, Lifecycle Timing and Spread — or connect an account read-only and put your own fills in these numbers.
median spread at fill time
One symbol across UTC sessions; spreads widen off-peak.
| Session | Avg spread | Fills |
|---|---|---|
| Asia (00–07 UTC) | N/A — insufficient evidence | 12 |
| London (07–13 UTC) | N/A — insufficient evidence | 2 |
| New York (13–21 UTC) | N/A — insufficient evidence | 14 |
| Late (21–24 UTC) | N/A — insufficient evidence | 4 |