Protocol Documentation

How we calculate
the True Price.

We reveal the real, all-in trading cost per broker and account type.

Most comparison sites rely on scraped marketing data. VeriLots uses a manual audit cycle and real-world trade simulations to surface true execution cost.

True Cost Per Broker
Swap + Markup Breakdown
Verified Disclosures
Run a broker comparison in under 60 seconds
Manual audits weekly · Market feeds live
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1

The Manual Audit Cycle

Automated scrapers are easily fooled by broker marketing. Our analysts perform a weekly manual review of legal disclosures, PDF fee schedules, and platform-specific financing tables.

  • Verification of "Triple Swap" dates
  • Extraction of hidden FX markups
  • Audit of inactivity surcharges
Audited across 200+ account types
Sources: disclosures · fee tables · swap schedules
2

The True Cost Formula

Our algorithm simulates a trade through the entire lifecycle, converting pips into the user’s account currency.

Total P&L Impact = [Spread + Commission]
Direct Execution Cost The immediate friction paid upon entry/exit. We aggregate raw ECN spreads plus round-turn commissions per lot.
+ [Swap Points × Nights]
Financing Cost The interest paid for holding leverage overnight. Factors in specific 'Triple Swap' days (Wed or Fri) based on holding period.
+ [FX Skim %]
Conversion Markup The hidden fee applied by brokers when converting P&L from the asset currency (e.g., USD) back to your account currency (e.g., EUR).
All‑in cost equation used in calculations

*We factor in 'Triple Swap' multipliers (usually Wed/Fri) based on your specific start date and holding period.

3

Algorithm Neutrality

Rankings are strictly cost-based and change with the instrument and holding period you enter. No static "best broker" lists.

"If a partner broker is more expensive for a specific 48-hour EURUSD trade, they will appear below their competitors. No exceptions."

4

Live Market Context

While we audit structural fees manually, we ingest live market swap points and pip values to ensure your cost projection is accurate to the current trading session.

Swap Point Feed: Active
Pip Value Engine: Live

"Don't trade on
assumptions."

We built VeriLots because the gap between 'advertised spread' and 'actual cost' was too wide to ignore. Use our data to keep more of your profits.

See your broker’s true cost now

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