— 01
Regulator
Tier-1 jurisdiction only: FCA, ASIC, CFTC, MAS, or equivalent. We check licence, not marketing.
— 02
Spread benchmark
Live quotes on XAU, WTI, DXY compared against three peer brokers over a 20-day window.
— 03
Execution reliability
Slippage vs. quoted price on 100-lot ticket across normal and high-volatility sessions.
— 04
Conflict disclosure
A-book vs B-book ratio, ownership structure, related-party dealings disclosed in writing.