QuantKit

What brokers cost, what backtests hide, and tools that show their work.

CFD broker costs, Python trading tools and AI prompt systems, with every figure showing its source, date and arithmetic.

Timoranjes, an independent quantitative researcher in Hong Kong who builds, tests and documents trading systems. About the author and method

Read the broker cost table Browse the tools

What one standard lot costs, by broker

On EUR/USD, Fusion Markets’ Zero account costs about $5.50 per round-turn lot. That is roughly 21–31% less than IC Markets ($7.00 on cTrader, $8.00 on MT5).

All-in cost per standard lot, round turn, EUR/USD
Data as of 15 Oct 2026, all six brokers on a verified basis. All-in = average spread (pips) × $10 + round-turn commission.

Select any cost to see how it is built. Monthly cost is the all-in figure × lots per day × trading days.

Fusion Markets Zero account: 0.1 pip × $10 + $4.50 commission = $5.50 / lot$5.50 × 1 lot × 22 days = $121.00 / month
Broker and account Regulation Min. deposit All-in per lot Monthly cost1 lot a day, 22 days Review
Fusion MarketsZero account ASIC $100 ≈ $5.500.1 pip + $4.50, restated $121.00 Fusion review (Zero account)
Fusion MarketsClassic account ASIC $100 ≈ $9.20stated, inputs rounded; restated $202.40 Fusion review (Classic account)
IC MarketscTrader ASIC + CySEC $200 $7.00restated $154.00 IC Markets review (cTrader)
IC MarketsMT5 ASIC + CySEC $200 $8.00restated $176.00 IC Markets review (MT5)
PepperstoneRazor, MT5 ASIC + FCA + CySEC $200 $8.000.1 pip + $7.00 · grade B $176.00 Pepperstone review
FP MarketsRaw ASIC + CySEC $100 $7.000.1 pip + $6.00 · grade B $154.00 FP Markets review
TickmillRaw FCA + CySEC $100 $7.000.1 pip + $6.00 · grade B+C $154.00 Tickmill review
RoboForexECN FSC BelizeNo tier-1 regulator $10 ≈ $5.34stated, EUR-base commission · grade B $191.18 RoboForex review

Every broker, guide and the ledger in one place: the full broker hub.

Seven tools, from free to $199

Spreadsheets, Python toolkits and AI prompt systems built from my own trading workflow. Start with the free prompts, and buy more when you need it.

All prices in US$. Checkout is on Gumroad, where QuantKit sells its own tools.

Six brokers, with the trade-offs left in

Broker comparisons written from the desk: spreads, regulation and platforms tested against real workflows, not marketing pages.

Market-data endpoint: live

Market data for A-share, Hong Kong and US markets over MCP — quotes, k-lines, market status and summaries. Free.

Quotes via Yahoo Finance public endpoints — unofficial, delayed, for information only. Questions: [email protected]. Tools and connection steps.

Also open: the CFD broker cost ledger, graded and sourced, as a free CSV (CC BY 4.0).

Backtest verification for MT5 expert advisors is at its founding stage: see the service, the sample report and the free checklist.

MCP endpoint Delayed data

https://mcp.quantkit.co/mcp

Snapshot URL, the feed behind the Board above

https://mcp.quantkit.co/snapshot

Strategies run in simulation while the evaluation cohort runs

Algorithmic strategies run in simulation. A public track record will be published after the evaluation cohort completes.

Read the simulated strategy log

  • StatusSimulated
  • Risk per trade1–2% (policy target)
  • Maximum monthly drawdown15% (policy target)

Targets describe the risk policy. They are not guarantees of results.

Written in public

Not a content farm. Timoranjes is an independent quantitative researcher in Hong Kong who builds, tests and documents trading systems in public.

How to check this site. Nothing here rests on who the author is. Every figure can be rebuilt from its source; more on the about page.

How QuantKit is funded. It sells its own tools. Broker links on this site earn no commission. Full policy