Our Mission

Our mission here at ForexBrokerListing.com is, to make information about forex brokers and forex trading available all around the world in the simplest form possible. As a result, we evaluate each broker based on unbiased information and using our expertise in the industry, across 8 key areas that define a broker’s performance, integrity, and trader experience.

How We Evaluate

We put emphasis on the following 8 key areas in each broker.

Areas We Evaluate and Weight

All brokers listed on our website are regulated by at least one financial regulator and have never been reported as a scam.

Our reviews and overall scores are based on the key areas above, in combination with our opinion and commentary. The reviews are shared and discussed with the brokers, but the authors of our website always have the final word. Furthermore, we always strive to keep the information on our website updated and relevant for our readers.

What helps us stand out is that we always test our brokers with an anonymous live account, to ensure we deliver the most accurate information and experience to our readers.

Finally, our reviews and evaluation are always independent of any financial compensation we may receive from the brokers.

What are the Key Areas we Focus on

Safety and Regulation

We make sure that we make a thorough investigation of our brokers’ backgrounds to ensure that the broker is regulated, provides the security of funds, and provides investor protection to their clients.

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.

2023 Review Methodology

For our 2023 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.