Index

    The hidden cost
    of execution.

    Institutional grade insights for retail traders. We audit real-time order books across 20+ platforms to reveal the true cost due to fees, spread, and liquidity.

    Execution Analysis

    The difference between the cheapest compared to the most expensive option.

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    Everything you always wanted to know about your broker

    Visualizations, comparisons, and insights to find the platform that fits your trading style. From costs to liquidity to instrument coverage.

    What is the Spread?

    The spread is the gap between buy and sell prices. Here, the 1.50% spread is 15× larger than the 0.10% advertised fee, and you pay it on every trade.

    The Effective Price

    Only €0 fills at €101.50. The remaining €0 executes at prices up to €101.50. Therefore you pay on average: €101.50.

    The Illiquidity Premium

    The gap between €101.50 and your effective price €101.50 is slippage: the extra cost of insufficient liquidity. This is your illiquidity premium.

    The True Cost Revealed

    With a €0 order, the true cost is 16× the advertised fee. This is what "zero-fee" platforms don't show you.

    The gap between buy and sell

    This is the spread—the first hidden cost

    The full order book depth

    Watch your order consume liquidity at each price level

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    True Cost Overview

    Real-time costs including all fees across platforms & exchanges.

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