Our Methodology for Evaluation of Brokers: Traders Union
The Traders Union's main goal for evaluating
the activities of Forex brokers is to provide its member traders with independent and unbiased
information about each broker actively operating in the Forex market. They apply a uniform set of
evaluation criteria to all brokers to ensure that a true comparison can be made. This allows brokers
to rank in order in which they meet strict evaluation methods.
The Traders Union is proudly the number one independent expert on the Forex market for analyzing brokers because we have access to the best data, that is, our trader's experience. In addition to our team of expert analysts, we have access to every broker’s internal data through hundreds of thousands of traders participating in the Traders Union. By listening to our traders and placing value on their experience we can provide insight into information such as customer outflow, share allocation in certain geographical markets between brokers.
No other evaluation system can objectively be compared with the Traders Union analysis, that is why our rating of Forex brokers is considered the most reliable in the market.
What criteria apply to our Broker Evaluation?
1Analyze each broker against over 100 standard evaluation criteria across five basic categories (more details below).
2Check 30 additional internal parameters based on information from the trader experience.
3Carry out the regular audit by our experts on the trading platform using real trading.
4Broker test drives - from personal account registration to the withdrawal of earned profit.
5Collection of customer reviews of brokers and their analysis.
The Main Categories of checking Forex brokers
|Category||Number of criteria||What category shows|
|Financial||38||Broker’s solvency, trade growth or decline, economic status of the company|
|Reliability||27||The level of trust in the broker, the reputation of the company, customer satisfaction|
|Safety||18||The level of security of funds in the broker's accounts, the availability of a license and regulation|
|Trading conditions||15||Compliance of the declared broker’s trading conditions with real|
|Service work||9||The level of quality of technical and customer support in the company|