Measuring broker transparency
so you don't have to guess.
We evaluate forex and CFD brokers on what they publicly disclose -- execution metrics, order routing, and policy documents -- not marketing claims.
20
Brokers Evaluated
6
Transparency Pillars
0
Sponsors
100%
Public Data
Methodology
What BTI Measures
Four core pillars of broker transparency, scored exclusively from publicly verifiable sources.
Execution Transparency
Published execution metrics, fill ratios, and slippage data available to the public.
Order Routing Disclosure
Documented order routing model: A-book, B-book, hybrid, NDD, or SOR.
Policy Accessibility
Execution policies, conflict-of-interest disclosures, and risk documents publicly available.
Infrastructure Verification
Verifiable trading gateways, liquidity providers, and price feed sources.
Rankings
Highest Rated for Transparency
Top-scoring brokers based on public disclosure depth.
| Rank | Broker | Model | BTI Score | Transparency | |
|---|---|---|---|---|---|
| 01 | No Dealing DeskEst. 2023 · Hong Kong | NDD | 92 | Public MetricsRouting Disclosed+4 | View Profile → |
| 02 | Interactive BrokersEst. 1978 · Greenwich, CT, USA | Hybrid | 63 | Public MetricsExecution Policy+2 | View Profile → |
| 03 | IC MarketsEst. 2007 · Sydney, Australia | ECN | 61 | Execution PolicyRegulated | View Profile → |
| 04 | DukascopyEst. 2004 · Geneva, Switzerland | ECN | 59 | Public MetricsExecution Policy+1 | View Profile → |
| 05 | PepperstoneEst. 2010 · Melbourne, Australia | ECN | 58 | Execution PolicyRegulated | View Profile → |
How It Works
Transparency through evidence, not trust
We collect public data
Regulatory filings, published execution stats, order routing documentation, and policy disclosures.
We score objectively
Six transparency pillars, each weighted and scored based on the depth of verifiable public disclosure.
We rank independently
No sponsorships, no affiliate revenue, no pay-to-play. Rankings reflect data only.
See how your broker scores on transparency
Browse all 20 evaluated brokers, compare scores, and read detailed disclosure assessments backed by public evidence.
View Full RankingsDisclaimer
The Broker Transparency Index (BTI) measures the depth and accessibility of public disclosures only. A high BTI score does not guarantee execution quality, fund safety, or regulatory compliance. BTI rankings are not financial advice. Always conduct your own due diligence before choosing a broker.