Are there any REAL broker ratings? | Forex Factory

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Are there any REAL broker ratings?

  • #1
  • First Post: Apr 9, 2014 12:10am Apr 9, 2014 12:10am
I know, that we can't trust more reviews on the ratings sites. But is it possible to see, what brokers are the biggest ones? Where you can find the true information, how much clients have the brokers, how much is their trading volume? What sources do you use for that?

Thnx for advises !
  • #2
  • Apr 9, 2014 5:14am Apr 9, 2014 5:14am
Try the CFTC (monthly?) metrics. For example, for the month of january: http://forexmagnates.com/cftc-releas...x-obligations/


Also: http://forexmagnates.com/forex-broke...profitability/
Return To Disorder
  • #3
  • Apr 9, 2014 6:04am Apr 9, 2014 6:04am
I'm interested too

Is there the same rating for ofshore brokers?
  • #4
  • Apr 10, 2014 1:59am Apr 10, 2014 1:59am
Quoting rockit
Try the CFTC (monthly?) metrics. For example, for the month of january: http://forexmagnates.com/cftc-releas...x-obligations/ Also: http://forexmagnates.com/forex-broke...profitability/
Well, I know about the forex magnates. But I prefer to review several sources and not to trust the only one website.
So if anyone know any other independent reviews\ratings of the brokers, please, post here.
  • #5
  • Apr 10, 2014 2:25pm Apr 10, 2014 2:25pm
Quoting Patrik_Forex
But I prefer to review several sources and not to trust the only one website.
Oh well.. Probably it does not matter anyway.. but just sayin': These are numbers from the CFTC. You know what the CFTC is? It has nothing to do with FM, they just (re-)published it to us. So, probably the most legit numbers you will ever get..
Return To Disorder
  • #6
  • Apr 13, 2014 1:00pm Apr 13, 2014 1:00pm
The only one true rating of brokers is yours own rating. There could be a lot of rating websites but almost none of them provide real information about execution (and they couldn't because execution costs highly depend on your own trading style - for example if you trade during news or not, volume of trades etc.). Execution costs are often higher than spread + commission together. I tested tens maybe hundreds of brokers and there are really huge differences!!
  • #7
  • Apr 15, 2014 5:46am Apr 15, 2014 5:46am
Quoting rockit
Try the CFTC (monthly?) metrics. For example, for the month of january: http://forexmagnates.com/cftc-releas...x-obligations/ Also: http://forexmagnates.com/forex-broke...profitability/

Magnates is a venal rating. I don't believe them and many traders too.
  • #8
  • Apr 29, 2014 1:07am Apr 29, 2014 1:07am
Quoting Elips
{quote} Magnates is a venal rating. I don't believe them and many traders too.
​May be you're right, because there are companies with the biggest or same perfomances of activities, but they are not included in the rating. It's looks very strange and like as prepossession. I guess it's quite more effective to analyze an aggregate of ratings to make an opinion about company.
May be you're right, because there are companies with the biggest or same perfomances of activities, but they are not included in the rating. It's looks very strange and like as prepossession. I guess it's quite more effective to analyze an aggregate of ratings to make an opinion about company.
It's a city that just has to be discovered
  • #9
  • Apr 29, 2014 2:26am Apr 29, 2014 2:26am
Quoting Patrik_Forex
I know, that we can't trust more reviews on the ratings sites. But is it possible to see, what brokers are the biggest ones? Where you can find the true information, how much clients have the brokers, how much is their trading volume? What sources do you use for that? Thnx for advises !
I think you can't know those information, since they're very sensitive. But for refering, I often used FPA, forex-ratings.com, Google, forex local forums, to get feedback about one broker. They're very trusted. But I think u should read real review from individual trader as this site: http://www.bestforexbrokers.co/
  • #10
  • Apr 29, 2014 2:55am Apr 29, 2014 2:55am
Quoting undergroundz
{quote} I think you can't know those information, since they're very sensitive. But for refering, I often used FPA, forex-ratings.com, Google, forex local forums, to get feedback about one broker. They're very trusted. But I think u should read real review from individual trader as this site: http://www.bestforexbrokers.co/
For US regulated broker, CFTC reports with number of customers, capital and so on can be trusted, as it is a reporting requirement for US brokers. For all the others, they may say what they want (when they tell you how much customers or accounts they have on their website. Some numbers seems far to high to be true)

I agree that FPA is a pretty good source of information on brokers. But some brokers try to post false (very good) reviews or pay people to do it ; (
  • #11
  • Last Post: Apr 30, 2014 3:39am Apr 30, 2014 3:39am
Only with US regulated brokers, I have been dimmed in Forex for about 1 year but I have never seen any information as you said. Back to you topic, you should use several different ways to know a broker's rating.
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