Our Methodology
We always try on providing fully detailed and reliable reviews of forex brokers to help the traders make informed decisions. Our methodology is simple and involve a comprehensive evaluation process based on many data points. We always review a wide range of brokers, which focus on those that are well regulated and established in the financial industry.
What We Check At BorkersExperts
We use a consistent set of data points to check each broker, allowing for independent and fair comparisons. All data is gathered through hands on testing. We open accounts in platform then deposit funds and trade with real money to make it sure that it is accurate.
| Areas | Why is it Important? | Number of Data Points |
|---|
| Fees | We analyze all types of fees, including trading, non-trading, deposit, withdrawal, and inactivity fees. We verify this data by trading with the broker to ensure accuracy. | 300 |
| Safety | We check the broker’s regulatory background to ensure they are overseen by a trusted authority and offer investor protection. Only top-tier regulated brokers are featured. | 35 |
| Deposit & Withdrawal | We test the costs, methods, and timeframes for depositing and withdrawing funds, using our own money to confirm the broker’s practices. | 25 |
| Trading Platforms | We evaluate each platform’s user experience, including order execution, customization options, and security features. | 60 |
| Account Opening | We open real accounts to assess the ease of the process, available account types, and minimum deposit requirements. | 45 |
| Markets & Products | We examine the variety of markets and products available, with higher scores for brokers offering more diverse options. | 70 |
| Customer Service | We personally test customer support channels (live chat, email, phone) through multiple interactions to assess responsiveness and helpfulness. | 15 |
| Education | Brokers offering high-quality educational resources (webinars, articles, videos) receive better ratings. | 10 |
| Research | We assess the broker’s research tools, looking for unique and useful features like market analysis, trend indicators, and sentiment tools. | 8 |
| +1 General Information | This includes additional information such as the broker’s country of origin and is not factored into the scoring. |
Frequently Asked Questions
What data points do you use to review brokers?
We use over 500 data points covering areas such as fees, safety, trading platforms, account opening, customer service, and more. Each broker is evaluated on the same criteria for fair comparison.
How do you test the brokers?
We open real accounts with each broker and trade with our own money. This allows us to experience the broker’s services firsthand and ensure that the information in our reviews is accurate and reliable.
How often are your reviews updated?
We regularly update our reviews to reflect the latest changes in brokers’ services, fees, and features. Our goal is to provide you with the most current and relevant information.
How do you choose which brokers to review?
We focus on well-established, regulated brokers with a strong track record in the industry. Our goal is to review brokers that are reliable and offer good value to traders.
Have Any Questions?
How can I contact you?
You can contact us through the “Contact Us” page on our website. We are always happy to answer your questions and assist you with any concerns.