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 the 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 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%)