Compare Forex Brokers
|Dukascopy||Coming soon||Coming soon||Coming soon||Coming soon||Coming soon||Coming soon|
|ForexWebTrader||A||A||A||B||A||Yes||HY Markets||Coming soon||Coming soon||Coming soon||Coming soon||Coming soon||Coming soon|
The support rating is based on how quickly the broker's customer support team responds to queries, as well as how efficient they are at sending relevant responses (as opposed to just form e-mail drivel).
The reliability rating is based on how long the broker has been in business, how strong they are as a company, and thus reflect our estimation of how likely they are to remain in business for the long haul. This is perhaps the most important rating. If you are a successful trader and are able to make lots of money trading forex, you don't want to find out when it is time to withdraw your profits that the broker you were using has gone out of business, or is not financially strong enough to pay you the funds in your account.
The funding rating measures how many methods the broker has in place to deposit funds to and withdraw funds from your trading account. C is an average rating and reflects only the industry standard methods of wire transfer, credit card, and perhaps Paypal or check. A higher rating indicates additional options.
The spreads rating is our way of comparing the fees that are charged by the broker, in the form of the difference in price between the buy and the sell. The lower the spread, the better it is for the trader, and the higher the broker's spreads rating.
The disclosure rating reflects how forthcoming the broker is with information, and how clearly and up-front the information is laid out. If we feel that a broker is trying to hide information, they get a lower disclosure rating, whereas brokers that are very transparent about operations receive a higher rating.
The dealing desk rating is either yes, no, or unknown. It is only unknown if the broker will not disclose if they have a dealing desk (which results in a lower disclosure rating). If a broker refuses to say whether or not they have a dealing desk, it is likely that they do. Some traders feel that dealing desk brokers are less objective regarding their clients' trades, and that it is at these brokers that you are more likely to see negative systemic anomalies such as stop hunting, slippage, requotes, etc..
A is the highest rating that we give, while F is the lowest.