Our Methodology: How We Review Forex Brokers

At Offbeat Forex, our goal is to provide our visitors and followers with the most transparent and unbiased forex broker reviews possible.

To achieve this, we’ve built a comprehensive infrastructure that allows us to collect live data directly from real trading accounts. We monitor brokers 24/5 to ensure that all our data is accurate and reliable.

To evaluate each broker’s performance precisely, we continuously monitor, test, and review the following key areas:

1. Spreads and Commissions

To monitor spreads, we’ve developed a custom monitoring system that fetches live spread data from brokers’ MT4 and MT5 platforms every few seconds.

This system tracks brokers’ spreads every few seconds and calculate maximum, minimum, and average spreads across different timeframes using real accounts, giving us insight into how spreads behave under various market conditions — including during high-impact news events.

We’ve also integrated an economic news calendar into our spread monitoring system. This feature lets you see exactly how much spreads widen during news releases, helping you understand the potential slippage you might experience in volatile markets.

You can explore the full spread monitoring system and compare brokers’ spreads in real time through [this link].

2. Swap Rates

Swap rates are especially important for position and swing traders. To help you compare them easily, we’ve built a swap rate monitoring system that collects data from brokers daily and displays it in a live and historical table.

This allows you to compare swap rates across different brokers and identify which one offers the most favorable conditions.

We’ve also introduced a SES (Swap Efficiency Score) that ranks brokers based on the competitiveness of their swap rates.

You can learn more about our swap monitoring system and compare brokers’ swap rates here [link].

3. Execution Speed

Execution speed and quality are crucial, especially for traders using high-frequency strategies or scalping EAs.

To measure this, we’ve developed a set of custom Expert Advisors (EAs) for both MT4 and MT5 platforms. These tools test limit and market order execution speeds across brokers to evaluate their real-world performance.

If you’d like to see how different brokers perform in our execution speed tests, check out this article [link].

4. Regulation

Broker safety is one of our top priorities when evaluating forex brokers. In most cases, we only review and recommend regulated brokers.

We also score each broker’s regulatory standing based on the strength of its governing authority. Not all regulators are equal — for example, FCA and ASIC are considered among the most reputable due to their stricter standards and oversight.

To understand the tier levels of different regulatory bodies visit this article [link].

In Summary

At Offbeat Forex, transparency and accuracy are at the core of what we do. Our live data collection systems, continuous monitoring, and detailed comparative analyses ensure that you get reliable, data-driven broker reviews — not just opinions.