Broker research, guides and market recaps, written and checked in Cyprus against regulator registers and live accounts.
Broker costs & executionEU / UK regulationTrader education
Who we are
[FILL IN: the real people behind The PIP Report: names, trading or industry experience, years in the market, relevant qualifications. Readers and brokers both look for this.]
What we check
Every review is built from live accounts, the broker's own published documents and the regulator's register, using the method on How we rank. Recaps are written after the close and explain what happened, not what will happen.
Accountability
If something we wrote is wrong, tell us at [email protected] and we will correct it in the open: see the corrections policy.
Guides
- How the forex market works: who trades, where prices come from, and where you fit in
- Currency pairs explained: base, quote, majors, minors and exotics
- Forex market hours and sessions: Sydney, Tokyo, London and New York
- How to read a forex quote: bid, ask, spread and pipettes
- What is a CFD? How contracts for difference work, what they cost and the risks
- Forex vs stocks vs crypto: how the three markets really differ
- What moves currency prices? Rates, inflation, growth, risk and flows
- From demo account to live trading: what a demo teaches, what it hides, and how to start small
- What is a pip, and why does everyone count in them?
- Spreads and commissions: what a trade really costs
- Swap and overnight financing: what it costs to hold a forex position
- Slippage explained: why your order fills at a different price
- Hidden broker fees: the costs that are not in the spread
- How to compare trading costs: one all-in number per trade and per month
- Currency conversion and your account base currency: what it costs and how to choose
- Why spreads widen: news, rollover, thin markets and how to check real spreads
- Leverage and margin, explained without the hype
- Position sizing in forex: worked examples for every kind of pair
- Where to put a stop loss: structure, volatility and common mistakes
- Risk-reward ratio, win rate and expectancy: the maths that matters
- Margin call and stop-out: what happens when an account runs out of margin
- ESMA leverage limits and negative balance protection, explained
- Trading psychology: the habits that cost traders money
- Why most retail CFD traders lose money: what the data says
- Currency correlation: how forex pairs move together and why it matters for risk
- Gap risk and weekend risk: what happens when price jumps past your stop
- Drawdown and recovery: the maths of losing streaks and climbing back
- Lot sizes and position sizing: the maths behind every trade
- MetaTrader 4 vs MetaTrader 5: the real differences
- cTrader and TradingView: the main alternatives to MetaTrader
- How to read candlestick charts (and what patterns can and cannot tell you)
- How to use an economic calendar (without getting caught out by the news)
- Expert Advisors and trading bots: how automated forex trading really works
- Copy trading explained: how it works, what it costs and the risks
- Order types: market, limit, stop — and when to use each
- Support and resistance: how to draw levels and what they can (and cannot) tell you
- Trend following and moving averages: SMA, EMA, crossovers and their limits
- RSI and MACD explained: what momentum indicators measure and how they are misused
- Central banks and interest rates: why the Fed, ECB, BoE and BoJ move currencies
- How economic data moves forex: NFP, CPI, GDP, PMIs and the surprise factor
- Keeping a trading journal: what to record and how to review it
- How to backtest a forex strategy without fooling yourself
- Fibonacci retracements: how to draw them, what the levels mean and where they fall short
- Price action trading: reading structure, pin bars and inside bars without indicators
- Multiple timeframe analysis: higher-timeframe context, entry timeframes and common pitfalls
- How to choose a regulated forex broker (a checklist)
- How forex brokers make money (and where the conflicts are)
- How to check a broker licence, step by step
- ECN, STP and market maker: what broker execution models really mean
- Forex scam red flags: how to spot fraud before you send money
Recent recaps
- Forex week in review 44/2026: three central bank holds, two Fed dissents and a gold sell-off Week 44 · 26–30 Oct 2026
- Markets week in review 44/2026: Intel’s crash drags the Nasdaq as the DAX gains 2.5% Week 44 · 26–30 Oct 2026
- Crypto week in review 44/2026: a record Binance hack and a $1.5 billion liquidation wave Week 44 · 26–30 Oct 2026
- Forex week in review 43/2026: Houthi attacks lift oil, the Aussie and sterling lead, gold breaks $4,000 Week 43 · 19–23 Oct 2026
- Forex week in review 42/2026: hot US inflation, and the dollar still ends lower Week 42 · 12–16 Oct 2026
- Forex week in review 41/2026: euro hits a 17-month low on France and Spain, Fed minutes stay hawkish Week 41 · 5–9 Oct 2026
- Forex week in review 40/2026: bond yields lift the dollar despite a weak jobs report Week 40 · 28 Sept–2 Oct 2026
- Forex week in review 39/2026: hot PMIs, 2007-high yields and a stronger dollar Week 39 · 21–25 Sept 2026
- Forex week in review 38/2026: Fed hikes, BoJ hikes, the dollar wins Week 38 · 14–18 Sept 2026
- Forex week in review 37/2026: the ECB hikes and the yen squeeze runs on Week 37 · 7–11 Sept 2026
- Forex week in review 36/2026: the yen breaks free of 160 Week 36 · 31 Aug–4 Sept 2026
- Forex week in review 35/2026: Warsh turns hawkish at Jackson Hole Week 35 · 24–28 Aug 2026
- Forex week in review 34/2026: a Treasury buyback surprise sinks the dollar and lifts gold Week 34 · 17–21 Aug 2026
- Forex week in review 33/2026: in-line CPI, a retail sales slump and fading Fed hike bets Week 33 · 10–14 Aug 2026
- Forex week in review 32/2026: payrolls turn negative and gold jumps 6.5% Week 32 · 3–7 Aug 2026
- Forex week in review 31/2026: intervention knocks USD/JPY off its 40-year high as the Fed splits Week 31 · 27–31 Jul 2026
- Forex week in review 30/2026: the yen hits a 40-year low as oil spikes on Iran escalation Week 30 · 20–24 Jul 2026
- Forex week in review 29/2026: a soft CPI, Warsh on the Hill and oil back near $90 Week 29 · 13–17 Jul 2026
- Forex week in review 28/2026: the US–Iran truce breaks down and the RBNZ surprises with a hike Week 28 · 6–10 Jul 2026
- Forex week in review 27/2026: a 57,000 payrolls miss and a holiday-shortened week cool the dollar Week 27 · 29 Jun–3 Jul 2026