Award Categories
What We Evaluate
Each category is designed to assess a critical dimension of broker transparency. Awards are issued only when sufficient publicly verifiable evidence meets our defined criteria.
Transparency (Public Metrics)
Recognition for making real-time or periodically updated execution metrics publicly accessible without requiring account registration or login.
Key Criteria
- Public dashboard or page displaying execution quality metrics
- Metrics include at minimum: fill ratio, average execution speed, and slippage distribution
- Data is updated at least quarterly
Routing Clarity
Recognition for publicly disclosing order routing methodology, including A-book/B-book classification, smart order routing infrastructure, and liquidity provider relationships.
Key Criteria
- Public page describing order routing methodology
- Clear statement of A-book, B-book, or hybrid model
- Description of smart order routing (SOR) logic if applicable
Analytics Openness
Recognition for the availability and depth of execution analytics, including KPIs, fill ratios, slippage data, and latency breakdowns presented to the public.
Key Criteria
- Public execution analytics page or report
- Includes quantitative KPIs (not just qualitative claims)
- Historical data availability (not just current snapshot)
Execution Policy Clarity
Recognition for the specificity and accessibility of published execution policies, including price priority rules, order handling procedures, and latency disclosure.
Key Criteria
- Published execution policy document or page
- Price improvement and priority rules clearly stated
- Latency expectations or benchmarks disclosed
Conflict-of-Interest Mitigation
Recognition for publicly disclosing measures taken to mitigate conflicts of interest, including dealing desk independence, principal trading disclosure, and risk management separation.
Key Criteria
- Public disclosure of conflict-of-interest mitigation measures
- Statement on dealing desk independence or separation
- Disclosure of any principal/proprietary trading against clients
Operational Trust Signals
Recognition for transparency of support processes, escalation paths, and operational contact disclosures that allow clients to verify responsiveness before opening an account.
Key Criteria
- Public contact page with multiple support channels
- Published escalation or complaint handling procedure
- Response time expectations or SLA disclosed publicly