The Rating Brokers Formula version 4.0

FxPros Forex Broker Rating Section

“The FxPros Ratings are based on Rating Brokers Formula v.4.0”

FOREX RATING FORMULA

The complete series of Rating Formulas are introduced by our partner site TradingCenter.org. The aim of this innovative method of rating is to provide a new and reliable way of rating the Financial Industry. And that means an objective and reliable way of rating brokerage services. Many versions of the rating formula have been published already and they are designed to fit the special needs of Forex and Binary Options traders.

The Rating Section of FxPros.net is made using the 4th version of the formula, which exclusively focuses on rating Forex Brokers.

 

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

The series of Rating Formulas by TradingCenter.org represents a brand new way of rating financial services. Most ratings found on the internet today are made by users (User Ratings). Based on research, more than half (50%) of these user ratings are fake. Brokerage companies have a huge incentive to hire outsiders in order to rate them favorably and rate their competitors unfavorably. The series of the Rating Formula is designed to solve that problem by providing a 100% objective framework of rating Financial Services (Brokers). Two categories of brokerage services have been rated so far, Forex Brokers and Binary Options Brokers. The Rating Formula v5.0 is developed to rate Forex Brokers using some innovative features.

“The Formula is based on 4 Important Aspects when Trading Forex” 

BANNER FOREX FORMULA

(1) Total 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 Online Ratings

1.6 ADJUSTMENTS: 1.6.1 Corporate Size Factor

 

(2) Total Trading Cost

■ Weight 28.00%

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

2.7 ADJUSTMENTS: 2.7.1 Execution Type (ECN, STP or Market Maker)

 

(3) Availability of Trading Options

■ Weight 26.00%

3.1 Forex Asset Index | 3.2 CFD Trading Availability | 3.3 Demo Availability | 3.4 Rate of Leverage | 3.5 Level of Rebate / Bonus | 3.6 Minimum Deposit Level | 3.7 Available Deposit Methods | 3.8 Available Withdrawal Methods 

3.9 ADJUSTMENTS: 3.9.1 Asset Index with more than 100 Forex Pairs | 3.9.2 Offering Interest on Deposit | 3.9.3 Trading Contests Availability

 

(4) Level of Technology

■ Weight 20.00%

4.1 Trading Platforms Availability | 4.2 Slippage on Execution | 4.3 Automated Forex Trading Availability | 4.4 MT4 / MT5 Platform Availability | 4.5 Mobile Apps Availability | 4.6 Scalping / Hedging Availability | 4.7 Quality of Customer Service

4.8 ADJUSTMENTS: 4.8.1 PAMM Account Availability | 4.8.2 API Availability

 

» Here is the full Rating Formula v.4.0 at TradingCenter.org

  

Forex Broker Rating Results

 

Here are the First Rating Results using Formula 4.0 at FxPros.net: 

 BROKER RATING ASPECTS TRADING STYLES
  Overall Rating Funds Safety Trading Cost Trading Options Technology Beginners Advanced Pros
■ Dukascopy Europe 76.25% 74.02% 83.93% 62.50% 86.25% 74.58% 78.07% 79.74%
■ FxOpen 75.82% 77.18% 58.93% 89.42% 80.00% 66.98% 72.74% 74.57%
■ IC Markets 73.05% 57.89% 85.71% 76.92% 70.00% 71.67% 73.12% 73.35%
■ InstaForex 65.46% 47.92% 44.64% 100.00% 72.50% 54.99% 62.28% 63.42%
■ Plus500 63.92% 68.90% 58.93% 88.46% 32.50% 62.62% 52.43% 43.62%
■ eToro 59.71% 84.46% 41.07% 54.81% 60.00% 60.44% 55.35% 49.50%

 Forex Pros Rating

L MORE on FXPROS.NET

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ICMarkets
► FxOpen  Dukascopy

 IronFx

 

 

■ Rating Forex Formula v.4.0

Giorgos Protonotarios, Financial Analyst 

for FxPros.net (2013)

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