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Definitions
Broker comparison glossary
Shared language keeps matchups comparable. These are the terms we use on scorecards.
Short answer
If two reviews use different meanings for “ECN,” “raw,” or “regulated,” the comparison is already broken. Align definitions first.
Core terms
Legal entity
The company named in your client agreement — not just the brand. Must match a public register entry for your access path.
All-in cost
Spread + commission + relevant overnight financing for the holding period, measured under controlled sampling.
A-book / B-book
Whether flow is mostly hedged externally or internalized. Incentives differ. See a plain explainer on A-book vs B-book economics.
Session overlap
Hours when two major sessions are open. Often tighter majors spreads during London–New York overlap.
Risk-warning percentage
The retail loss-rate disclosure many regions require on CFD marketing. Learn how that percentage is meant to be read before treating it as a quality score.
Slippage
Difference between expected and filled price. More common around news and thin liquidity.
Common mistake
Using “ECN” as a synonym for “always best.” Marketing labels vary; look at account specs and disclosures.
Professional tip
Put glossary terms on your scorecard headers so guest readers know what you measured.