I’ve been burned before by brokers slowing down during major news events. Trying to do my due diligence this time with FBS. Their Trusted Broker Checklist mentions evaluating execution speeds systematically, but how accurate is this in real trading? For those who’ve used it: did the checklist criteria actually help you anticipate slippage issues during things like NFP releases? What specific metrics should I prioritize when testing their systems?
Check latency during London open. Compare order logs.
Focus on two metrics: average slippage during high volatility periods and requote frequency.
Run tests during overlapping sessions - London/New York open. Use limit orders to measure execution time variance. The checklist’s spread consistency score matters less than actual market order fill speed.
Last EURUSD CPI event, my stops triggered 1.8 pips worse than expected with FBS. Their checklist flagged acceptable latency but real-world performance differed.
Their checklist says under 500ms execution. Mine averaged 620ms during Fed announcements. Close enough I guess.
Used the checklist when I switched brokers last quarter. Their ‘volatility score’ helped avoid a bad choice - one broker passed basic compliance checks but showed 40% slower execution during stress tests.
Pro tip: Compare FBS’s claimed speeds to live data from TradingView’s broker metrics. Discrepancies >15% mean caution.