Rating Formula v5.0 –Rating Forex Brokers According to three (3) Different Trading Styles
“The most advanced Rating Formula ever built by TradingCenter”
Preface: The Need for a 100% Objective Rating Framework
The series of Rating Formulas by TradingCenter.org represents a brand new way of rating financial services. Most ratings found on the internet today are made by users (User Ratings). Based on research, more than half (50%) of these user ratings are fake. Brokerage companies have a huge incentive to hire outsiders to rate them favorably and rate their competitors unfavorably. The series of the Rating Formula is designed to solve that problem by providing a 100% objective framework for rating Financial Services (Brokers). Two categories of brokerage services have been rated so far, Forex Brokers and Binary Options Brokers. The Rating Formula v5.0 is developed to rate Forex Brokers using some innovative features.
What is New in the version 5.0 of the Rating Formula:
Version 5.0 includes many rating innovations.
(i) The number of the core rating factors has been reduced to three categories to make the rating categories more specific (Safety of funds, Transaction Cost, Trading Options & Technology).
(ii) The Formula version 5.0 focuses more than ever on trading cost (40% weight) while new individual rating factors have been added such as SWAP charges, Stop Levels, etc
(iii) What distinguishes version 5.0 from previous versions is that for the first time ratings are divided into three (3) different trading styles (Intraday Traders, Swing Traders, Long Traders).
(iv) The rating formula v5.0 produces 4 different rating values. There is an individual rating for the three different trading styles mentioned before (intraday, swing, and long) and an Overall Rating which is the average value of the three individual ratings.
(v) The first Rating Factor (1. Safety of Funds) is common for all trading styles but the other two factors (2. Transaction Cost and 3. Trading Options) are generated by unique rating values according to the three pre-mentioned trading styles. This rating specialization adds value to traders seeking the best brokerage choice according to their unique needs and style. Take for example swap charges which are very important for long-traders but irrelevant for intraday traders. On the other hand, trading aspects such as the slippage on execution or the distance of the stop-orders are very crucial for intraday traders but irrelevant for long-traders who execute only a few trades per month and leave a lot of space for their stop-losses.
Rating Formulas History:
■ Rating Formula v4.0 for Rating Forex Brokers ► Forex Rating Formula –V4.0 (TradingCenter.org) ■ Rating Formula v3.0 for Rating Binary Options Brokers ► Binary Options Rating Formula -V3.0 (BinaryValue.com) ■ Rating Formula v2.0 for Rating Forex Brokers ► Forex Rating Formula –V2.0 (TradingCenter.org) ■ Rating Formula v1.0 for Rating Forex Brokers ► Forex Rating Formula –V1.0 (OnlineForex.Biz) |
Rating Formula Mission: “Ensure Funds Safety, Pay Low Transaction Cost on and use State-of-the-Art Technology”