Various ranking factors are used in the process. We cannot disclose them in full, so that dishonest brokers cannot manipulate the results of our assessments. Below, we list certain criteria that we use in our main ranking factors. However, please note that these are only the most frequently used criteria and should not be considered exhaustive.
- The maximum time for withdrawing earned funds should not exceed five working days.
- Information about all promotions held on the website must always be accurate, timely and clearly worded.
- For the convenience of replenishing deposits, the broker’s website should offer several payment system options.
- Mandatory registration with the regulator. For example, all brokers must have a CySEC licence with a link for confirmation.
- The minimum deposit limit should be no more than 250 US dollars.
- Level of demand on search engines. There should be no sharp fluctuations in search volumes on major search engines such as Google or Yandex. They are interpreted as a negative ranking factor. Stable growth is desirable.
Our website conducts a thorough review and verification of brokers in order to identify the maximum risk. All information is constantly updated. There are several reasons for this. The verification is carried out to study fluctuations in search demand and their causes. Instability and fluctuations are most often associated with a certain type of fraud caused by unscrupulous brokers searching for information.
How to deal with fraud competently
As mentioned earlier, we conduct a thorough study of all possible fraudulent manipulations by manually checking and selecting the necessary combinations based on automated tools for analysing the situation. This is done in order to protect traders from fraudulent brokers. Every month, we encounter a sufficient number of such fraudsters. Let’s take a closer look at how the verification process works. With the manual method, we independently (as a mystery shopper) create a completely real account. Next, we study how to work with the broker by asking the necessary questions. The automated method involves the use of search scripts, specialised trading software, and other programmes. Based on the results of the final verification, we enter all the relevant information on the website, record the data, and publish reviews.
Evaluation of advertising campaigns from brokers
The easiest way to deceive a trader is to provide them with incomplete information about an advertising campaign. Before publishing on our website, we study each individual campaign to confirm its authenticity. The main reason for creating fraudulent campaigns is to obtain 100% consent from the user. Accordingly, they offer to download an application, make a certain deposit, or something else along the same lines. At the same time, no specific details are provided. The second option is a fake broker. You are presented with information about the company, services, and platform that is not entirely truthful or realistic.
Tips for Forex brokers
To avoid even unexpected deception or shortcomings and to avoid fraud in the Forex market, we advise you to provide all services offered to clients in accordance with all ethical standards. This way, both traders and brokers will get great satisfaction from working together. And that’s the most important thing when you’re working.
Advice for traders
Investing in the Forex market is undoubtedly a very profitable business. However, if you see an offer that is too good to be true, you should not rush into anything. Conduct a thorough check, be realistic and remember the old but still valid saying about free cheese. We understand that choosing a forex broker is not easy for everyone due to the enormous risk and considerable time required to weigh up all the possible facts and tricks, so we offer our services. To do this, you need to submit a request for an investigation into the activities of the broker you are interested in.