All FAQs

TraderGuide is a website designed to help both new and experienced traders find the best FX and CFD brokers worldwide. We scan the market to find brokers offering the lowest trading costs and connect you to them.

We focus on one key factor: the cost of trading. We track the Bid-Ask spreads of 16 financial instruments, including stock indices, FX pairs, and commodities. By observing and recording real trading conditions, we calculate a total cost score for each broker. The lower the score, the better the broker.

Our rankings are based solely on transparent data, not broker sponsorships or partnerships. Brokers cannot pay to improve their position on our list. We open live accounts, track real trading costs, and publish our findings without bias.

TraderGuide allows you to compare brokers based on actual trading costs. Whether you trade FX, indices, or commodities, we identify the brokers offering the lowest cost for your specific trading needs. If you only trade gold, we show you the cheapest broker for gold. If you focus on FX, we highlight the broker with the tightest FX spreads.
By focusing on trading expenses, we help you make an informed decision that maximizes your profitability.

We track Bid-Ask spreads across 16 key instruments, including 7 FX pairs, 6 stock indices, and 3 commodities. Some brokers advertise “zero spread” accounts but charge commissions instead. We expose these hidden fees by analyzing the full trading conditions—including spread type (fixed or variable) to provide a true cost comparison.

We continuously monitor Bid-Ask spreads and update our data to ensure accuracy. Trading costs can change, and we ensure traders have the latest insights when choosing a broker.

The Bid-Ask spread is the difference between the price at which you buy and sell an asset. Higher trading costs make it harder to turn a profit. If one broker charges a 3-pip spread while another charges 1 pip, you need three times the market movement to break even with the first broker. Over time, these differences add up, impacting your overall profitability.

There’s no catch—TraderGuide is completely free to use. We partner with some brokers, and if you open an account through our website, the broker may pay us a commission. However, this never adds any extra cost to you—in fact, you might even get better trading conditions through our service, as we continuously negotiate exclusive deals to benefit our users.