Learn more about why FX Trust Score created the industry’s most detailed scoring mechanism for rating forex brokers.
When FX Trust Score was first founded, it was set up with the aim of becoming a globally trusted online source and a safe space for individuals of all experience levels to get better informed and feel more confident about trading the markets.
Since then, through the work of its team of industry experts, the company has grown into one of the go-to destinations for unbiased, informative and well-researched trading-related content, serving traders from across the world.
To meet the growing needs of traders in a crowded marketplace and maintain its position as a reliable resource, FX Trust Score created an innovative way to accurately rank and compare forex brokers.
Developed in-house, the FX Trust Score Index was specially designed to provide the most reliable scoring mechanism found anywhere within the forex and online trading sectors, whilst ensuring the most up-to-date assessments of some of the industry’s leading trading platforms.
FX Trust Score successfully maintains high levels of scoring consistency by applying the same formula to every broker review, with each company receiving a definitive rating based on a predetermined set of weighted criteria.
Here, brokers are thoroughly evaluated across a range of factors, including regulatory compliance, security and fund protection, customer support, online reputation, and overall trading conditions – before being assigned an overall percentage score.
Using the index’s uniquely crafted methodology, the final figures are calculated based on the aggregated weighted scores across all metrics, with a higher score indicating a higher level of overall trustworthiness and credibility.
When evaluating the best forex brokers by country and by licence, the criteria is adjusted slightly to align with the specific country or regulatory body analysed. This ensures that traders receive a final broker score that is tailored to their particular region or area of interest.
In this case, additional factors are taken into consideration during the evaluation process, such as trading platforms, MT4/MT5 tools, local payment methods, and the strength of educational resources offered.
To find a more detailed breakdown and scientific explanation of exactly how the FX Trust Score Index works, please click here.
