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.
Table: Compare Forex Broker Ratings at FxPros.net
| BROKER | RATING | CORPORATE INFO | TRADING TERMS | MORE INFORMATION |
ICMARKETS
□ EXECUTION MODEL: CFDs
|
1. Safety of Funds
2. Cost of Trading
3. Trading Options
4. Technology
|
□ Company Foundation: 2007 □ Licensed: FSA (Seychelles) □ Segregated Bank Accounts: Yes
□ US Clients: No □ Islamic Accounts: Yes |
□ Spread EURUSD: 0.1 Pip □ Commissions: $7 / full traded lot
□ Minimum Account: $200 |
Note that European Traders are not allowed by IC Markets. |
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: 1.3 Pip □ Commissions: No
□ 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
□ 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
□ Minimum Account: $10 |
|
The Series of Rating Formulas
The complete series of Rating Formulas provides a revolutionary and reliable solution to rate Financial Services. A wide variety of versions are available by TradingCenter.org » More about rating formulas here
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
Why Develop the Rating Formula?
Today, all reviews on the internet 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 Rating Formulas 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 innovative features.
» Read more about the Forex Rating Formula v.4.0
■ Compare Forex Ratings
for FxPros.net (c)
L MORE on FXPROS.NET • LEARNING • COMPARE • RATINGS
□ Forex Rating Formula v.4.0
□ Broker Reviews
□ Broker Ratings
► Getting Started with Forex
► Algorithmic Trading
► Trading Systems
► Comparing Broker Ratings
► How to Choose a Forex Broker
► IC Markets Rating
► RoboForex Rating
► LQDFX Rating
► FxOpen Rating