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 Funds: Weight 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 Cost: Weight 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 Options: Weight 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 Technology: Weight 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
Table: The first Forex Broker Ratings at FxPros.net
| BROKER | RATING | CORPORATE INFO | TRADING TERMS | MORE INFORMATION |
ROBOFOREX
□ EXECUTION MODEL: STP/ECN
|
1. Safety of Funds
2. Cost of Trading
3. Trading Options
4. Technology
|
□ Company Foundation: 2009
□ Licensed:
□ Segregated Bank Accounts:
□ US Clients: No □ Islamic Accounts: Yes |
□ Spread EURUSD: 0.9 Pip □ Commissions: No
□ Max Leverage: 30:1
□ Promotion:
□ Minimum Account: $10 |
|
LQDFX
□ EXECUTION MODEL: STP/ECN
|
1. Safety of Funds
2. Cost of Trading
3. Trading Options
4. Technology
|
□ Company Foundation: 2015
□ Licensed:
□ Segregated Bank Accounts:
□ US Clients: No □ Islamic Accounts: Yes |
□ Spread EURUSD: 1.1 Pip □ Commissions: NO
□ Max Leverage: 500:1
□ Promotion:
□ Minimum Account: $50 |
|
FXOPEN
□ EXECUTION MODEL: STP/ECN
|
1. Safety of Funds
2. Cost of Trading
3. Trading Options
4. Technology
|
□ Company Foundation: 2005
□ Licensed:
□ Segregated Bank Accounts:
□ US Clients: No □ Islamic Accounts: Yes |
□ Spread EURUSD: 0.2 Pip □ Commissions: $5 / full traded lot
□ Max Leverage: 30:1
□ Promotion:
□ Minimum Account: $10 |
|
AXI
□ EXECUTION MODEL: STP/ECN
|
1. Safety of Funds
2. Cost of Trading
3. Trading Options
4. Technology
|
□ Company Foundation: 2007
□ Licensed:
□ Segregated Bank Accounts:
□ US Clients: No □ Islamic Accounts: Yes |
□ Spread EURUSD: 0.1 Pips □ Commissions: $7 / full traded lot
□ Max Leverage: 30:1
□ Promotion:
□ Minimum Account: $10 |
|
