A NEW TRANSPARENT VIEW OF THE RETAIL FX INDUSTRY – FOREXRATING.COM
Forex broker rating websites are an old phenomenon in our industry and one can argue that many existing websites offering a list or comparison of retail FX shops are nothing more than just that. In recent years and especially of late, with so much new interest and demand in online trading among the general public, the question of where to find relevant and meaningful information for traders has become ever more important.
Enter ForexRating.com, which provides traders globally with a transparent view of the forex brokerage industry. Users are able to view detailed ratings, compare brokers, and access user feedback. Possible fraudulent brokers and investment firms are also highlighted to help traders avoid potentially suspect companies. Also available are a variety of proprietary tools and analysis to assist in analyzing potential trades. All of this is freely available so please enjoy and accept the invitation to browse through all that’s on offer.
Forex Ratings have been designed with one very simple idea – to provide a transparent and ultimate view on the forex industry worldwide. It was made by traders to benefit traders, no matter what their experience level or folks who are just doing their research about what brokerage company to choose for trading. Any kind of user can find a lot of potentially useful and valuable information there.
The ratings list is generated in real-time as the website uses an algorithm that continuously checks on various broker parameters to help generate an overall score. In addition, these parameters are reviewed constantly to maintain the most accurate and objective ratings. The current ratings system considers the ease of use, number of assets available, credibility of the broker, and much more. All these varied parameters are used in combination with user feedback to generate an overall score. These scores represent the position in the rating list and they can be very helpful in choosing a potential broker when a trader wants to focus on a specific trait such as trading conditions.
The website also ranks by Country, trader experience level, user’s feedback to make it easier for traders to choose companies that are licensed and authorized in their country to avoid any possible risks.
While ForexRating.com was created primarily to rate the available brokers and help traders find the best trading provider, the company has also found other ways to help traders. One of these is through the various tools available that can help in every day trading. Everything from basic quotes and calendars to far more sophisticated tools you would commonly only find in subscription-based websites. ForexRating.com understands how crucial it is for traders to have the right tools, so it provides all these tools for free.
We all know that there are some companies in the online forex industry who do not have the best interests of their clients at heart. Thanks to the combination of the our proprietary ranking mechanism, the feedback from our users, and itsour own extensive industry experience, the ratings website takes a proactive approach at warning the public of possible untrustworthy services or fraud.