Introduction to Online Ratings
If you are an experienced investor or professional trader, you understand the importance of using the right brokerage services. Choosing the right partners is a challenging and complex process. There are many factors to consider before making a final decision. The safety of your funds is always the most important issue whenever you deposit money with an online company. Other factors also play a significant role. The spread and commission fees directly affect a trader’s ability to earn long-term profits. In addition, poor technology can cause execution delays, which can seriously impact short-term trading.
To create a reliable way to assess online brokerage services worldwide, a rating formula was developed by Giorgos Protonotarios, along with a method for presenting the results. The first version of this formula was applied to Online Forex Brokers. The highest possible rating a broker can receive is 100%, and the lowest is 2%.
World Brokers Rating Formula 2.0
The formula described below is version 2.0 of the Trading Center Rating Brokers Formula.
-
Applied to Forex Brokers
The rating formula was first introduced and used for Forex brokerage services. It is based on four key trading factors: