We quantify the true all‑in cost so you can pick the cheapest broker for your specific trade.
Publicly advertised spreads omit major costs like swaps and conversion markups. We surface the full picture.
Costs shown assume a 48‑hour hold, 1 lot, USD account.
| Fee Component | Advertised Broker A | Institutional Broker B |
|---|---|---|
| Spread (Advertised) | 0.1 pips ($1.00) | 0.8 pips ($8.00) |
| Overnight Swap (2 Nights) | $24.50 | $6.10 |
| FX Conversion (The Skim) | 0.50% ($5.00) | 0.05% ($0.50) |
| Actual Total Cost | $30.50 | $14.60 |
Verdict: The "High Spread" broker is actually 52% cheaper for this specific trade.
Source: broker disclosures + swap feeds
Brokers earn money on the "Spread" between the interbank interest rate and the rate they give you. For some, this is a minor convenience fee; for others, it is their primary revenue source. We track the daily movements of these points across 200+ venues.
Most instruments charge 3x financing on a Wednesday or Friday to cover the weekend. Many traders are blindsided when their P&L drops by $50+ simply for holding into the next session. VeriLots calendars anticipate these spikes for you.
If you trade a USD pair in a EUR account, the broker must convert your profits. Applying a 0.5% markup on that conversion is an unadvertised tax that accumulates on every trade entry and exit. We reveal the exact conversion percentage.
High-frequency firms and quantitative funds don't look at spreads; they look at slippage and financing. Why should your process be any different?