fxbrokerlisting

Methodology

Our Mission

At Fxbrokerlistings.com, our mission is to make forex broker and trading information accessible worldwide in the simplest way possible. We provide unbiased evaluations of each broker, using our industry expertise to assess them across eight essential areas that reflect performance, integrity, and trader experience.

How We Evaluate

We focus on the following 10 key areas when evaluating each broker.

Areas We Evaluate and Weight

CategoryPercentage
Safety and Regulation20%
Financial Instrument & Products25%
Broker Fees10%
Trading Platforms & Execution15%
Account Opening25%
Education45%
Deposit and Withdrawal50%
Customer Support & Sales10%

Every broker listed on our website is regulated by at least one financial authority and has never been flagged as a scam.

Our reviews and scores are based on these key areas, along with our own expert analysis and commentary. While we discuss our findings with the brokers, our team retains full editorial control. We also strive to keep our content consistently updated and relevant for our readers.

What sets us apart is our commitment to testing brokers with an anonymous live account, ensuring we deliver the most accurate insights to our audience.

Lastly, our reviews and evaluations remain entirely independent of any financial compensation we may receive from brokers.

What are the Key Areas we Focus on

Safety and Regulation

Account Opening

Using a live account, we go through the whole registration process up to the point of placing the first trade. This is done to evaluate the registration process, the time needed, the information each broker requires, and how efficient is the support team with any relevant queries.

Trading Platforms and Execution

We test our brokers’ trading platforms using both a live and demo account, across the web, desktop, and mobile. We put an emphasis on user experience, ease of use, tools available, and execution of orders. As any trader out there, we prefer brokers with no slippage and fast execution that is regularly audited by a third party.

Education

Every trader needs to start from somewhere or go back and have a look at the fundamentals. We examine the educational section and how adamant is each broker to educate their traders in novice and advanced concepts of trading. Also, we take a closer look at the webinars and local events and seminars offered.

Broker Fees

We take a closer look at any fees that might occur during your interaction with the broker. We make sure there are no hidden fees or commissions and provide an overview of the brokers’ spreads and trading fees compared to other brokers and the market. In other words, we determine if a broker is cheap and worth investing with.

Deposit and Withdrawal Methods

We make a deposit to our test account and withdrawal, in order to evaluate the process and the time needed to be completed. We take note of any hidden costs or relevant documentation needed to complete each action. We also evaluate the ease of financial access that a broker provides to traders from each country.

Financial Instruments and Products

We take a closer look at what a broker has to offer. A lot of forex brokers now have diversified their product offerings, beyond spot forex and CFDs. A lot of them offer Stocks, Futures, and fun features like Copy Trading. The better the portfolio the higher the score.

Customer Support and Sales

Our final key area is focused on our brokers’ client-facing services. We try to test these anonymously and evaluate how supportive a broker can be, or how pushy their sales team can be. We tend to find brokers that focus on excellent customer support to score higher than brokers with pushy sales teams.

We hope that you found our methodology accurate and transparent. If you have any further questions or suggestions, please contact us.

All brokers listed on our website are regulated by at least one financial regulator and have never been reported as a scam. We analyze more than 3000 data points across 8 key focus areas.

Our reviews are a combination of data research and working alongside the brokers. All information provided by the brokers is double-checked to guarantee 100% accuracy and that we remain unbiased.

2024 Review Methodology

For our 2024 Forex Broker Review, we assessed, rated, and ranked 45 international forex brokers over a three-month time period. Each broker was graded on 108 different variables and, in total, over 100,000 words of research were produced.

While encouraged, broker participation was optional. Each broker had the opportunity to complete an in-depth data profile and provide executive time (live in person or over the web) for an annual update meeting.

All data submitted by brokers is hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than 0.1% each year, providing site visitors with quality data they can trust. 

Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection, and market volatility that may substantially affect the price or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more at Wikipedia.