Best for Trading Signals
Best for High Leverage Traders
Best for High Leverage Traders
Best for High Leverage Traders
Best for High Leverage Traders
Best for High Leverage Traders
Best for High Leverage Traders
Best for High Leverage Traders
Best for High Leverage Traders
Best for High Leverage Traders
To evaluate this parameter, our experts check the simplicity of the procedure, the list of required documentation, the speed of processing the application, the availability of instructions and qualified support. Convenience and ease of opening an account form a trader’s first impression of a broker.
Customer Satisfaction Score (CSAT) is a unique metric of Traders Union based on the analysis of user reviews posted on pages of each broker profile by the visitors of our website from all around the world. We have been collecting these broker reviews for over 13 years, and therefore, we know and understand the level of customer satisfaction with a specific brokerage company better than anyone else.
We check the availability and authenticity of the licenses held by each company. The higher the level of the license, the higher the score. Obtaining licenses in other jurisdictions also improves a broker’s score. We divide all licenses into three levels:
- Level 1 (high level of trust): CFTC, FINMA, FCA, ASIC, CBI, JFSA, MAS, FMA, IIROC, SFC.
- Level 2 (medium level of trust): CySEC, FSCA, CBRC, SEBI, ISA, SECT, DFSA
- Level 3 (low level of trust): FSC, FSC, FSC, VFSC, SCB, BMA, CIMA
We conduct a comprehensive analysis of the broker's commission policy, what trading and non-trading fees the company charges (for deposits/withdrawals, subscriber services, inactivity). Detailed information about commissions can be found in the broker's profile on the Traders Union website.
When assessing the types of accounts with a broker, our experts pay attention to the size of the minimum deposit, trading conditions (spreads, leverage, availability of swaps, etc.), and financial instruments. The choice of a specific account type (Cent, Standard, ECN or other) should be made by the user taking into account investment goals and trading style./withdrawals, subscriber services, inactivity). Detailed information about commissions can be found in the broker's profile on the Traders Union website.
To evaluate the convenience of depositing and withdrawing funds, our experts check the available deposit and withdrawal methods, minimum and maximum amounts, and possible commissions. Also assessed is the possibility of using different currency accounts and the processing time of the transaction.
In addition to an account for active trading, many brokers also offer opportunities for passive income. Traders Union checks whether the broker offers such options for earning money, such as managed accounts, PAMM/MAM, copy trading, automated trading, etc.
We will definitely evaluate the available communication channels with support (phone, email, social networks, etc.). The easier you can contact company employees, the faster traders can resolve current technical, organizational and financial questions.
Our experts check the availability of additional analytical tools that will help you better navigate the market situation and accept reasonable conditions. This includes an economic calendar, a trading calculator, financial news, etc.
We check what educational and informational tools to users, including webinars, tutorials, podcasts and articles, the broker offers. The presence of a high-quality training base will allow a trader to quickly get used to the financial markets.
Forex Brokers
Binary Brokers
Prop Firms
Stock Brokers
