Profiles, not rankings.
Measurements, not ratings.
Every broker gets the identical battery. I won't publish a composite 1–10, and it isn't a policy I inherited — a single editorial number is precisely the surface that gets bought, and I've watched what the incumbents did with theirs. Multi-dimensional measured profiles are both the honest form and the one that is hard to corrupt, because there is no single cell to lean on.
Why no composite score?
Identical measurements, two weightings, opposite orderings. Three brokers ranked across the six battery dimensions: under a reader who needs tight spreads the order is A, B, C, and under one paying swap on multi-week holds it is exactly reversed.
The brokers here are placeholders and the rankings are constructed to demonstrate the property. No portrait has been measured, and no broker is named or ranked.
The fidelity battery — six dimensions
Each dimension is measured identically across every broker. The methodology publishes before the first measurement; every artifact ships content-hashed.
- 1Publication cadenceHow fast does the feed tick? Measured as the floor and distribution, not the mean.
- 2Bid-ask coordinationDo bid and ask update together or independently? Sentence structure matters.
- 3Staleness distributionPer-side age of quotes before update. Asymmetric staleness signals structural issues.
- 4Spread regimesHow many distinct spread states exist, and what triggers transitions? Most users assume one.
- 5Freeze / rollover behaviourWhat happens to the feed during contract rollover and during overnight freezes?
- 6Non-crossing enforcementCan bid ever cross ask? If yes, that's an infrastructure disclosure, not a feature.
The Gag-Free Partner Filter
Hadal holds no introducing-broker relationships today, and the rule for any future one is fixed in advance: only where the right to publish measurements is contractually unrestricted.
Clean-feed brokers have no rational reason to gag an instrumented reviewer; the partner pool self-sorts in Hadal's favour before a tick is captured. If a partner introduces publication restrictions later, the partnership ends and the profile stays.
Broker portraits
Listed alphabetically, never ranked. No broker's position on this page carries any judgement, and none can: every portrait below is unmeasured, so there is nothing yet to rank. When a portrait publishes it publishes as a multi-dimensional profile with its hashed artifact — never as a position in a list.
Every entry links to its portrait. Those pages are open now and they are empty on purpose: each one carries the full anatomy a published measurement will occupy — the identity fields, the observation window, the dataset digest, all six dimension panels with their charts and their limits, and the artifact manifest — with every slot reading NOT YET PUBLISHED. You can read exactly what I will publish, and exactly what it will still refuse to claim, before a single tick has been captured.
Blueberry Markets
FP Markets
Fusion Markets
GO Markets
IC Markets
Pepperstone
Tickmill
Your broker is not on the list
The roster is not a shortlist and not a ranking — it is the set of feeds the battery is being built against first. To ask for another one, say so on the launch list. Asking buys no position, no rating and no kinder portrait: every broker gets the identical battery or no portrait at all.