Directory Policy / Partner Vetting Framework
Updated QuarterlyEditorial Neutrality Guaranteed

Institutional standards for partner evaluation.

Marketsque operates a transparent, vetted directory of FX broker partners. We evaluate counterparty risk, regulatory status, spread fidelity, and execution reliability prior to indexing any partner.

Editorial Charter
Editorial-neutrality policy

Inclusion within this directory cannot be purchased. We retain complete editorial control over all assessments, ratings, and performance benchmarks.

Partners that fail routine compliance audits, unannounced slippage tests, or regulatory verifications are immediately suspended from our listings.

Audited by Marketsque ResearchFull Charter
Four Pillars Assessment

Evaluation methodology

Every partner is scored across four non-negotiable vectors to ensure alignment with institutional execution standards.

01 / COMPLIANCE

Tier-1 regulatory oversight

Verification of active licenses under recognized financial authorities with segregated client capital guarantees.

Weight: 25%
02 / EXECUTION

Spreads & execution clarity

Rigorous monitoring of tick spreads, slippage frequency, and latency during peak market liquidity windows.

Weight: 25%
03 / INFRASTRUCTURE

Platform & API integrity

Native compatibility across institutional suites including MT4, MT5, cTrader, and FIX API connections.

Weight: 25%
04 / SOLVENCY

Capital security & withdrawal velocity

Review of withdrawal turnaround timelines, payment gateway security, and custodial reserve transparency.

Weight: 25%
Document Ref: MQS-DIR-2025-04
Marketsque Headquarters, 456 Financial District, New York, NY 10005Submit Broker for Audit
Institutional Directory

Vetted broker directory

Compare institutional-grade partners evaluated on strict regulation, transparent spreads, and execution clarity.

IC Markets
Est. 2007
Raw Spread / ECN
ASIC & CySEC
Typical Spread0.0 pips EUR/USD
Avg. Execution35ms average
Trading Platforms
MT4MT5cTrader
Asset Classes

FX, Indices, Commodities, Bonds

Ultra-low latency server cluster in Equinix NY4

Min. Dep: $200
Dossier
Pepperstone
Est. 2010
Razor Spread
FCA, ASIC, DFSA
Typical Spread0.1 pips EUR/USD
Avg. Execution30ms average
Trading Platforms
MT4MT5cTraderTradingView
Asset Classes

FX, Indices, Equities, Crypto

Tier-1 multi-regulated liquidity bridge

Min. Dep: $0
Dossier
FP Markets
Est. 2005
Raw ECN
ASIC & CySEC
Typical Spread0.0 pips EUR/USD
Avg. Execution38ms average
Trading Platforms
MT4MT5cTrader
Asset Classes

FX, Commodities, Metals, Shares

Direct market access pricing with zero markups

Min. Dep: $100
Dossier
OANDA
Est. 1996
Core Spread
NFA, CFTC, FCA
Typical Spread0.6 pips (All-in)
Avg. Execution42ms average
Trading Platforms
MT4TradingViewfxTrade
Asset Classes

FX, Indices, Metals

Historic institutional track record across US & UK

Min. Dep: $0
Dossier
Saxo Bank
Est. 1992
VIP Institutional
Danish FSA, FCA, FINMA
Typical Spread0.4 pips EUR/USD
Avg. Execution28ms average
Trading Platforms
SaxoTraderGOSaxoTraderPRO
Asset Classes

FX, Options, Futures, Bonds, Equities

European banking license with complete asset custody

Min. Dep: $2,000
Dossier
Interactive Brokers
Est. 1977
IBKR Pro
SEC, FINRA, FCA, CBI
Typical Spread0.1 pips + Commission
Avg. Execution25ms average
Trading Platforms
Trader WorkstationClient Portal
Asset Classes

FX, Stocks, Options, Futures, Fixed Income

Direct interbank FX quotes from 17 global liquidity dealers

Min. Dep: $0
Dossier

Our evaluation framework

Marketsque applies a 24-point audit before indexing any partner. We verify operational capital, license validity, and raw spread transparency.

01

Tier-1 Regulation

Segregated client funds and audited capital reserves under strict oversight.

02

Raw Liquidity

true direct market access with transparent tick histories and zero dealing desk intervention.

03

Execution Integrity

Low slippage thresholds and sub-50ms fill times verified through real-account tests.

Regulatory Notice: Marketsque does not act as a broker, adviser, or provider of personalized financial advice. All partner directory listings are curated for informational transparency. Traders must assess individual jurisdictional requirements before establishing an account.

Inquire
Independent Assessment

Our evaluation methodology

We test brokers across four core operational criteria before listing them in our directory. We maintain zero affiliate placement deals that compromise review objectivity, capital safety, or execution standards.

100% Real-account testing Quarterly re-evaluations No paid ranking bias
PHASE 01Tier-1 Compliance

Regulatory standing & tier-one license verification

Every broker must hold active authorization from top-tier regulators (FCA, ASIC, CySEC, or CFTC). We verify registry numbers, capital segregation protocols, and historical disciplinary records directly with statutory authorities.

Registry checkFCA / ASIC / CySEC
PHASE 02Execution Integrity

Live order execution & real-account slippage logging

We deploy proprietary automated test accounts during high-liquidity London and New York overlaps. Spreads, execution latency, positive/negative slippage, and server response speeds are tracked over 250+ live trades.

Spread latency sample250+ Live Trades
PHASE 03Cashflow Audit

Deposit, withdrawal & fee structure transparency

We deposit and withdraw real capital across multiple payment channels to audit processing turnaround, unexpected intermediary fees, swap rates, and overnight financing markup clarity.

Payout audit cycle< 24h Verified

Quarterly revision ledger

Continuous benchmark tracking & regulatory audits

Request audit report
ReferenceAudit CycleRevision DateStatus
AUD-2025-Q1Q1 2025 RevisionMarch 15, 2025Active & Verified
AUD-2024-Q4Q4 2024 RevisionDecember 18, 2024Archived Log
AUD-2024-Q3Q3 2024 RevisionSeptember 20, 2024Archived Log
Marketsque is an educational institution and directory. We do not act as a broker or financial adviser.
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