Fx Ratings

Forex Rating Formula v.4.0

The FxPros Ratings are based on the Rating Formula, an innovation by the partner TradingCenter.org.  All brokers are rated using the 4th version of the formula, which exclusively focuses on Foreign Exchange.

The Series of Rating Formulas

The complete series of Rating Formulas provide a revolutionary and reliable solution to rate Financial Services. A wide variety of versions are available by TradingCenter.org.

Why Using the Rating Formula?

Today, all reviews on the internet today are made by users (User Ratings). Based on research, more than half (50%) of these user ratings are fake. Financial firms have a huge incentive to hire outsiders to rate them favorably and their competitors unfavorably. The series of the Rating Formula is designed to solve that problem by providing a 100% objective framework for rating Financial Services (Brokers). The Rating Formula v4.0 is developed to rate Forex Brokers using some innovative features.

The 4-Factor Model behind the Rating Formula v.4.0

The Formula is based on 4 Important Trading Aspects 

(1) Safety of Trading FundsWeight 26.00%

1.1 Regulation | 1.2 Corporate Base | 1.3 Years in the market | 1.4 Segregated Client Account | 1.5 Other (Online) Ratings

(2) Trading CostWeight 28.00%

2.1 Spread on EUR/USD | 2.2 Spread on GBP/USD | 2.3 Spread on USD/JPY | 2.4 Commissions Charged | 2.5 Funding Fees | 2.6 Maintenance Fees

(3) Trading OptionsWeight 26.00%

3.1 Forex Asset Index | 3.2 CFD Trading | 3.3 Demo Account | 3.4 Trading Leverage | 3.5 Trading Rebate/Bonus | 3.6 Minimum Deposit Requirements | 3.7 Deposit Methods | 3.8 Withdrawal Methods

(4) Trading TechnologyWeight 20.00%

4.1 Trading Platforms | 4.2 Slippage on Order Execution | 4.3 Automated Trading | 4.4 MT4 / MT5 Platforms | 4.5 Mobile Apps | 4.6 Scalping/Hedging | 4.7 Customer Service

Compare Ratings
Compare Ratings using the Rating Formula v4.0

Table: The first Forex Broker Ratings at FxPros.net


BROKER RATING CORPORATE INFO TRADING TERMS MORE INFORMATION

ROBOFOREX

RoboForex Review

EXECUTION MODEL: STP/ECN

  • TIGHT SPREADS & FAST EXECUTION
  • FREE VPS FOR AUTO-TRADING
  • PAMM ACCOUNTS
  • MT4, MT5, cTrader, and R StocksTrader

 

» The RoboForex Website

» RoboForex Rating

1. Safety of Funds

  • 38.75%

2. Cost of Trading

  • 86.67%

3. Trading Options

  • 80.77%

4. Technology

  • 68.75%
□ Company Foundation: 2009

□ Licensed:

  • IFSC, license IFSC/60/271/TS

Segregated Bank Accounts:

  • Yes

 

□ US Clients: No

□ Islamic Accounts: Yes

□ Spread EURUSD: 0.9 Pip

□ Commissions: No
 
□ Max Leverage: 30:1

□ Promotion:

  • Free VPS
  • $30 No-Deposit Bonus
  • Welcome Bonus

 

□ Minimum Account: $10

  • Good for day-trading
  • Tight spreads and low slippage
  • MT4, MT5, cTrader, and R StocksTrader platforms
  • Welcome Bonus and free VPS
 
 

LQDFX

LQDFX is an ECN STP Forex broker offering a wide Forex asset index, MT4, and automated trading

EXECUTION MODEL: STP/ECN

  • PAMM ACCOUNTS
  • WELCOME BONUS
  • MT4

 

» LQDFX Accounts

» LQDFX Rating Analysis

1. Safety of Funds

  • 36.42%

2. Cost of Trading

  • 85.71%

3. Trading Options

  • 100.00%

4. Technology

  • 70.00%
□ Company Foundation: 2015

□ Licensed:

  • (N/A)

Segregated Bank Accounts:

  • Yes

 

□ US Clients: No

□ Islamic Accounts: Yes

□ Spread EURUSD: 1.1 Pip

□ Commissions: NO
 
□ Max Leverage: 500:1

□ Promotion:

  • 100% Welcome Bonus
  • 20% Deposit Bonus

 

□ Minimum Account: $50

  • Welcome Bonus
  • PAMM Accounts

FXOPEN

FxOpen is a multi-featured Forex broker offering automated trading and PAMM accounts.

EXECUTION MODEL: STP/ECN

  • PAMM ACCOUNTS
  • PROMOTIONS
  • MT4, MT5

 

» FxOpen Accounts

» FxOpen Rating Analysis

1. Safety of Funds

  • 77.18%

2. Cost of Trading

  • 58.93%

3. Trading Options

  • 89.42%

4. Technology

  • 75.82%
□ Company Foundation: 2005

□ Licensed:

  • FCA UK
  • FSP (NZ)

Segregated Bank Accounts:

  • Yes

 

□ US Clients: No

□ Islamic Accounts: Yes

□ Spread EURUSD: 0.2 Pip

□ Commissions: $5 / full traded lot
 
□ Max Leverage: 30:1

□ Promotion:

  • No Deposit Forex Bonus
  • ForexCup

 

□ Minimum Account: $10

  • Regulated
  • ECN PAMM Accounts
  • Good Promotions

AXI

AXI RATING USING FORMULA V.4.0

□ EXECUTION MODEL: STP/ECN

  • TIGHT SPREADS
  • PAMM ACCOUNTS
  • MT4, AUTOCHARTIST
  • FIX/API

 

» AXI Review

» AXI Rating Analysis

1. Safety of Funds

  • 89.23%

2. Cost of Trading

  • 82.14%

3. Trading Options

  • 76.92%

4. Technology

  • 70.00%
□ Company Foundation: 2007

□ Licensed:

  • FCA UK
  • ASIC (Australia)

Segregated Bank Accounts:

  • Major Australian and UK Banks

 

□ US Clients: No

□ Islamic Accounts: Yes

□ Spread EURUSD: 0.1 Pips

□ Commissions: $7 / full traded lot
 
□ Max Leverage: 30:1

□ Promotion:

  • Free VPS
  • Autochartist
  • PsyQuation

 

□ Minimum Account: $10

  • Regulated
  • Good for intraday trading
  • FIX/API and Free VPS for Automated trading
  • PAMM Accounts
  • Tight Spreads