TradeProofer is an online trader community that provides broker performance monitoring services. Both for traders and for brokers. We gather community members' data and do a massive benchmarking on server-side; thus, we can tell whether a trade execution was fair or poor when compared to peer data. We have several monitoring services based on this huge pile of data. Probably the most interesting is our „total cost of trading” calculator. Traders can feed in their trading characteristics and get a personalized list of brokers. We do the math, all implicit costs are calculated and converted into a simple USD pricetag. Thus, traders get such „quote” from 60+ brokers instantly, on one page. Choosing the right broker is just as simple as picking the right car insurance on insurance.com. Online trading is presently the wild-wild west of financial services where brokers exploit greatly the information asymmetry between clients and brokers. Clients don’t have fair chance to check whether their fill price was right or could have been 1 cent better. Our mission is to create transparency in this industry and rebalance trade profits for the favour of clients. We aspire to proof all trades in all asset classes, globally.
Name CEO: Peter Forster
Founded in: 2015
Company Twitter: @TradeProofer
Category: PFM Robo Advisory (Asset, Wealth, ForEx, Trading, Investing)
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