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Category: Forex Brokers Review: The Transparency Test

Your broker is either your partner or your opponent. There is no in-between. We do the deep-dive reviews to find out who’s legit… and who’s just a “B-book” scam.

 

This is the most important decision you will ever make as a trader. You can have the world’s best strategy, but if your broker has high slippage, wide spreads, and slow withdrawals, you will never be profitable.

You need to understand the two types of brokers:

  1. A-Book (ECN/STP): This is your partner. They take your order and pass it directly to the “interbank market” (the real, global market). They make a small, fixed commission on every trade, so they want you to win. The more you trade, the more they make.
  2. B-Book (Market Maker): This is your opponent. When you “buy,” they are the one “selling” to you. They are betting against you. If you win, they lose. If you lose, they keep your money. This is a direct conflict of interest.

Now, not all “B-book” brokers are scams, but the incentive is for you to fail. They are notorious for “stop hunting” (a mysterious price spike that just hits your stop-loss) and high “slippage” (filling your order at a much worse price than you clicked).

The Nikvest Edge is that we go beyond the marketing. We don’t care about their “500% deposit bonus.” We conduct a forensic “Transparency Test.” We ask the hard questions:

  • What is their real execution speed in milliseconds?
  • What is their average spread on EUR/USD during the London-New York overlap?
  • Do they have “negative balance protection”?
  • How long does a withdrawal actually take? (We test it.)

Choosing a broker is like choosing a co-pilot. We give you the data to make sure you’re not flying with a saboteur.