BrokersView evaluates 28 brokers based on six core metrics: trading speed, stability, liquidity, spread, slip point and overnight interest. The top 10 brokers in Dubai Monthly review for April are as follows:

NO.1 FP Markets

The top platform in this period is FP Markets, which rose from 8th place in March to 1st place, mainly due to its excellent performance in terms of trading speed, liquidity, spreads and overnight interest.

FP Markets was also named "Best Broker for Trading Speed" and "Best Broker for Liquidity" in April. Its average trading speed of 287ms is the fastest among the 28 brokers; The optimal transaction speed is 199ms, second only to Swissquote's 153ms. The frequency of quotes per minute in EURUSD, GPBUSD and XAUUSD is 83, 118 and 221, respectively.

The two indicators of spread and overnight interest are also in the top ten, and the average spread of FP Markets in EURUSD, GPBUSD and XAUUSD is 11.3, 13.2 and 20.2 points, respectively, which is better than 90% of brokers. The overnight interest rates in EURUSD, GPBUSD and XAUUSD are -3.28, -2.5 and -15.46USD/ lot respectively, which is better than 65% of brokers.

But in terms of stability performance is poor.

NO.2 Tickmill

The runner-up platform was Tickmill, which moved up from 6th place in March. It was also the "best broker at Strike Price" in April, measuring an average EURUSD slip of -0.5 points on the platform, an average GBPUSD slip of 0.4 points, and an average XAUUSD slip of 5.1 points, outperforming 96% of brokers reviewed.

In addition, Tickmill's three indicators of trading speed, stability and overnight interest also performed well in the April review, outperforming 72% of brokers.

NO.3 XM

In third place is XM, a Cyprus-based platform founded in 2009. The reason why XM can achieve the third place is mainly because its stability, liquidity, strike price and overnight interest are better, and has been awarded the "Best Overnight interest broker" several times in a row.

XM measured an average slip point of 0.6 points via EURUSD, GBPUSD an average slip point of -0.7 points, and XAUUSD an average slip point of 0.7 points, better than 75% of the brokers reviewed.Its quote frequency per minute in EURUSD, GPBUSD and XAUUSD is 80, 91 and 168, respectively.

The three traders were followed by Decode Global, GO Markets, IC Markets, Pepperstone, VT Markets, EightCap and TMGM. Among them, VT Markets is also the "best spread broker" in April, not only that, was named "best stability broker" is not on the list Alpari International.

This list is shared with you here. If you would like us to test a specific broker, or if you would like your broker to be included in the review, please feel free to contact us.

In April Data Comparison of Dubai 28 Brokers You Want to Know