ForexValuation.com -Forex Brokers Rating Reviews

Forex Brokers Guide

What Makes the Ideal Forex Broker?

When you are trading Forex choosing the right Forex broker is a very important task which can really make the difference between winning and losing. As the Foreign Exchange market has grown enormously during the past decade hundreds of new Forex brokerage companies have appeared. Some of these Forex brokers are honest and good for trading, others not. In this article, you may find all the essential aspects of trading that may assist you to evaluate any Forex brokerage company before opening a new account. Different trading styles create different brokerage needs, and therefore, before opening a new account it is wise to define your own trading style according to your special capabilities, your available time for trading, and most importantly your risk-appetite.

(1) SAFETY OF MONEY

• FOREX STYLES: ALL TRADING STYLES
• IMPORTANCE: 10/10

1.1 Regulation

The safety of money when trading online is the top issue for any wise trader. An honest Forex broker should apply rules and policies to ensure the integrity of its operations. It’s highly recommended to choose only among Forex brokers who are regulated by trusted regulatory bodies. Regulators monitor and control all their listed Forex brokers and are able to impose penalties in case these brokers are misbehaving. Furthermore, traders who are scammed can make an official complaint to the regulator, and if they are proved right, they can take their money back.

Introducing the Forex Rating Formula 4.1

Mission: "Maximum Safety of Funds, Minimum Transaction Cost, and Reliable Trading Technology”

A Few Words about Online Ratings

In our modern online world, the process of evaluating online providers via reading reviews is very common. Internet users read the ratings made by other users (user ratings/reviews). Unfortunately based on statistics more than half (50%) of these user ratings are fake. This is happening as online corporations have a huge commercial incentive to hire outsiders in order to produce favorable reviews for them and unfavorable reviews for all of their competitors. Evidence comes from the fact that most of these user reviews/ratings receive extreme values (i.e. 10/10 or 0/10). The Rating Formula comes as an alternative solution for this problem. The Rating Formula provides a stable, objective and a common environment in order to rate all major Financial Companies with precision.

The Rating Formula is based on a 4-factor mathematical model including the 4 major aspects of Trading. The Rating Formula was introduced by TradingCenter.org and it is a concept of George M. Protonotarios. This is the version v4.1 of the Rating Formula which is developed to rate exclusively Forex Brokers.

The Four (4) Factors of the Rating Formula 4.1

There are four (4) factors incorporated in the rating formula. Each of these four factors includes several sub-factors as it is explained and analyzed later. The grand total of all factors combined equals 100% rating.

Here are the four factors and their weight:

(A) Safety of Funds (Weight 26%)

(B) Cost of Trading (Weight 28%)

(C) Variety of Trading Options (Weight 26%)

(D) Technological Efficiency (Weight 20%)