Editorial Policy

This page describes how Pip Bulletin produces its coverage. It is short because the rules are short.

How we assess brokers

From the documents, in a common unit. A review starts with the broker’s published pricing schedules, legal documentation, and regulatory disclosures. Commissions are converted into pips per standard lot — commission per side, doubled for the round turn, divided by pip value — and added to published average spreads to produce an all-in cost. Floors (“from 0.0 pips”) are never treated as averages. We check entity and regulator claims against the broker’s own published legal documentation, and we note where protections differ by entity, because they usually do. Figures are attributed and hedged (“published”, “as of this writing”, “per the regulator”): we repeat published numbers, we do not certify them, and we never present a broker’s figures as measurements of our own. We do not invent statistics, quotes, or test results.

What scores mean

Scores are out of 10 and are editorial judgments of the broker as a service — what a trade actually costs all-in, how honestly the pricing is disclosed, and how sturdy the structure behind it is. No score is for sale, and no score is a suggestion to trade. As a practical guide: below 5 means the desk would not open the account; 5–7 means a competent operation with real caveats; 8 and above means pricing and disclosure that lead the field — and the review still lists its cons, because every broker has them.

Disclosure

Pip Bulletin is commercially supported and may earn affiliate commissions or advertising revenue from links. Any paid or affiliate content carries a disclosure notice at the top of the post, and paid links are marked rel="sponsored". Sponsors get clearly labelled space; they do not get editorial control, and they do not get scores.

Bylines

Pip Bulletin publishes under house bylines maintained by the editorial team. Reviews run under the byline Sofia Marchetti, the site’s editor identity — a disclosed house pen name, in the tradition of publications that write under a house voice. News runs as “Staff, Pip Bulletin”. We do not fabricate journalist biographies or credentials.

Not advice

We cover brokers; we do not advise traders. Nothing on this site is financial advice, a recommendation to trade, or a comment on what any instrument will do next. Trading involves substantial risk of loss, and every post says so in its own words.

Corrections

We correct errors of fact quickly and visibly. If you spot one — a commission figure, an entity name, a published average — use the contact page and flag it as a correction. We aim to act on corrections within 24–48 hours.