wikifx’s intelligent comparison feature assists clients in comparing 37 essential parameters of as many as 10 brokers simultaneously, such as parameters of regulatory compliance, cost of transactions, and liquidity. For instance, in 2023, clients compared Pepperstone and IG Group on the site and found the latter’s median EUR/USD spread to be 0.6 points (standard deviation ±0.2), while the former’s was 0.4 points (±0.15). However, IG Group’s order execution speed was faster (average 28 milliseconds v 35 milliseconds). Support traders in optimizing their decisions based on strategy characteristics, and improve high-frequency traders’ annualized return by 12%. Based on platform statistics, the users with the comparison feature have achieved 3.8 times improvement in users’ decision-making effectiveness, and the filtering time has been decreased from an average of 16 hours to 2.5 hours.
As for the comparison of regulatory compliance, wikifx aligns data from 68 worldwide regulatory bodies in real time and can quantitatively show the value of various licenses. For example, a UK FCA license holder has a fund isolation compliance rate of 99.2% (the industry standard is 97%), whereas a particular offshore regulatory platform only reaches 72%. If the users choose the latter, the risk of fund security increases by 4.3 times. Among the five CySEC-sanctioned brokers in Cyprus in 2022, wikifx pointed out in advance that the “regulatory score” of four of them was below 6 points (out of 10), and the proportion of users who withdrew money from these brokers was 61% higher than those who did not use the platform.
The four decimal place accuracy transaction cost comparison function supports 150,000 quotation data per second. One such “zero commission” ECN platform offsets its implicit costs as spreads. wikifx’s actual cost per lot on a basis of its EUR/USD is $9.7, 42% higher than its claimed value, while its competitor Dukascopy’s is only $6.2. After users optimize their choices with this feature, the yearly average transaction cost goes down by $2,800 (assuming 100 lots per month). The platform’s slippage comparison model shows that the top 10% brokers’ slippage ratio was less than 0.5% during the non-farm payroll data period, whereas the probability of the bottom 10% platforms’ slippage over 3% was 78%.
The liquidity comparison with regards to depth is illustrated by wikifx’s heat map of the order book. The platform claims to have the liquidity of gold as 5 million ounces, but wikifx’s own measurement comes out to be 1.8 million ounces only. The risk of slippage of large orders (≥50 lots) is 3.2 times higher than the platforms with genuine liquidity. In the opening session of the New York Stock Exchange in 2023, through comparison among platforms, LMAX’s EUR/USD order book thickness was identified as 8 million standard lots, whereas that of a particular white-label platform was merely 1.2 million lots. The former improved execution efficiency of big deals by 63%. After users utilized such information, the maximum drawdown rate of the strategy dropped from 18% to 9%.
With respect to user complaint comparison to risk control, wikifx harvests 1.8 million comments and calculates the processing timeliness. For instance, the site shows the average handling time of IC Markets is 5.2 hours (industry top 5%), while that of a specific offshore platform is 98 hours. The latter’s dispute-driven customer churn rate increased 29% a month. Prior to a particular cloning platform going bankrupt in 2021, wikifx had compared the growth rate in its complaints (420% week-on-week) with the normal range of variation of compliant platforms (±15%), which gave a warning signal of risk. Statistics show that users who depend on the comparison function have a 54% reduced likelihood of encountering black platforms and a 23% reduced mean yearly volatility in revenues.
Technical comparison gadget for indicators helps in API backtesting. A quantitative team made use of wikifx’s server latency data (38 milliseconds vs 210 milliseconds) optimization algorithm, which they were able to increase the Sharpe ratio from 1.2 to 1.8. The multi-dimensional scoring model of the platform (e.g., regulatory weight 45%, liquidity 20%) can create a comparison radar chart. Clients choosing brokers with a score difference of ≥2 points will extend the account survival period to 18 months (industry average: 9 months). These functions make wikifx the focal analysis platform for 85% of institutional traders’ multi-broker strategies.