Our verdict

Our 5-step process of verification and evaluation – How do we obtain information?

1. General inspection – 30%

• Online reviews (Trustpilot and other online review services)
• Financial standing (solvency, growth, economic status)
• Safety & customer support 
• Trading conditions (types of accounts, allowed countries, currency pairs available, deposit and withdrawal methods, min deposit, leverage, VPS, copy trading) 
• Regulations, certifications, licenses 
• Online news and publications about the broker and its standing 
• Social media presence & sponsorships 
• Reputation Management & Crisis Response 
• Reviews from our website 
• Education available 

2. Trading experience – 30%

• Our staff members create demo and real accounts and do trading where they try out different account types, withdrawal, and deposit methods, and test customer support. 

3. Technical audit – 20%

• We test the broker’s website for speed and accuracy. We also test the broker’s website to see how easy it is to find information about trading accounts, fees, contests, promotions, and more. 

4. Collective experience from collaborations with the broker – 10%

• We also rate our internal experience with the broker account managers and their willingness to collaborate and offers to extend the trading experience. 

5. Interviews with real traders – 10%

• We conduct interviews, send questionnaires, and have conversations with experienced professional, amateur, and beginner traders to evaluate their experience and satisfaction with the broker. 

Rating is done from 1 to 5 where 1 is the lowest score and 5 is the highest score.

Process for reviewing Forex brokers from TB staff

TB Brokers is a leading credible forex broker review platform committed to providing a neutral broker assessment through a meticulous evaluation process. The goal is simple – to help traders get quick and honest insights about brokers.

We believe in an open and trustworthy Forex trading world. As such, we dive deep into our investigations, ensuring that what brokers say matches what they do. It’s not just a quick look; for us at TB Broker, we go beyond the basics.

With countless options available, traders often find themselves at a crossroads, unsure of which platform to trust with their investments. TB Brokers steps in as a credible source of reviews and comparisons for Forex brokers made by expert analysts and researchers based on comprehensive data. 

Our approach always evolves, allowing us to gather information, check out products, and stay current. We’re constantly trying to update our ratings, rankings, and reviews. This means you get more accurate content and a closer connection to the Forex industry.

Why We Need Internal Verdict

Trading successfully on the forex market requires a trustworthy partner, and TB Brokers aims to bridge the gap between traders and reliable brokers. The need for an internal verdict arises from the convergence of multiple complexities of the forex landscape.

TB Brokers strives to be the guiding light for traders seeking transparency and reliability by:

• Simplifying the Complexity: Traders can weigh the pros and cons based on real user experiences, leading to choices aligned with their specific trading preferences and goals.
• Ensuring Trustworthiness: Reviews provided by TB Broker act as a compass, guiding traders towards platforms with a solid reputation and a history of delivering on their promises.
• Objective Insights: Our verdicts aim to provide objective insights into the performance of forex broker platforms. Traders benefit from non-partisan evaluations beyond marketing claims, offering a realistic view of the platform’s strengths and weaknesses.
• Risk Mitigation: TB Broker verdicts play a pivotal role in helping traders mitigate risks associated with forex trading. Traders can gain insights from their peers’ experiences and understand potential pitfalls and challenges before committing to a platform.
• Staying Informed: Finally, our reviews act as a reliable source of information, helping traders stay informed about changes in broker platforms, regulations, and industry trends.

Our Team

Behind the scenes at TB Broker is a dedicated team of experts, each with unique skills and experiences in the forex industry. Our analysts, researchers, and traders collaborate to form a robust foundation for our evaluations. Their diverse backgrounds contribute to a comprehensive understanding of the intricacies of assessing forex brokers.

Why Trust Us

TB Brokers prides itself on transparency, objectivity, and an unwavering commitment to providing accurate information. 

1. Thorough Research Process

Our commitment to trustworthiness begins with a meticulous research process. We dig deep into every aspect of forex broker platforms, ensuring our evaluations are based on comprehensive data. 

Our meticulous approach ensures that our information is accurate and reliable, offering our readers the confidence to make well-informed decisions in their trading endeavors.

2. User-Centric Evaluation

At TB Brokers, we prioritize your experience. Our evaluations go beyond numbers, focusing on the practical aspects that matter to traders. By creating real accounts, testing customer support, and exploring various features, we provide insights that reflect the user’s perspective. Trust us to deliver reviews shaped by hands-on experience for a more user-centric approach.

3. Dynamic and Regular Updates

Keeping pace with the ever-changing forex landscape, we pride ourselves on dynamic and regular updates. Our commitment to staying current means our ratings, rankings, and reviews are constantly refreshed. This ensures you access the most up-to-date and relevant information, allowing you to navigate the dynamic forex market confidently.

4. Transparent and Clear Communication

Trust is built on transparency. We communicate our findings clearly and straightforwardly, ensuring that you understand the nuances of each forex broker platform. Our commitment to transparent communication establishes a reliable connection with our audience, fostering trust through open and honest dialogue about the intricacies of the forex industry.

5. Dedicated to Trader Empowerment

Beyond providing information, we are dedicated to empowering users. Our reviews are designed to equip you with the knowledge and insights needed to make independent and confident decisions in the forex market. 

Trust TB Brokers to be your ally, guiding you through the complexities of forex broker platforms and empowering you to take control of your trading journey.

Our 5-Step Process of Verification and Evaluation – How Do We Obtain Information?

Our evaluation encompasses essential categories for all brokers, each playing a distinct role in our ranking process.

Evaluation Criteria	Score Attached	Factors Considered
General Inspection	30%	Online Reviews, Financial Standing, Safety & Customer Support, Trading Conditions, Reputation Management and Crisis Response.
Trading Experience	30%	Demo and Real Accounts, Account Types, Withdrawal, Deposit Methods, Test Customer Support.
Technical Audit	20%	Test the broker’s website for speed, accuracy, and ease of finding Information.
Collective Experience	10%	Collaboration Readiness
Traders Perspective	10%	Factor in verified traders’ experience and satisfaction for each broker

Here is a quick breakdown of the process:

General Inspection – 30%

We conduct a thorough general inspection, allocating 30% of our evaluation to this metric. This involves:

1. Scrutinizing online reviews from platforms like Trustpilot: Customer reviews provide real-life experiences, shedding light on the broker’s reliability, customer service, and overall performance. And we take an extensive look at these. Consistent positive feedback suggests reliability, while patterns of negative reviews may indicate potential concerns, helping prospective traders make informed decisions based on the collective experiences of others.
2. Assessing the broker’s financial standing regarding solvency, growth, and economic status: This process provides insights into the broker’s stability and ability to handle financial commitments, giving traders confidence in the platform’s reliability and longevity. Examining growth and economic status further examines the broker’s capacity to adapt to market changes. This helps potential clients to have overall information on the broker’s financial health.
3. We delve into safety measures employed: Robust safety measures ensure the security of your funds and personal information. We at TB Broker not only check out the acclaimed security measures mentioned by brokers, but we also test their effectiveness.
4. Customer support quality: Responsive and effective customer support is essential to traders; nearly all broker firms promise this. Experts at TB Broker test the limit of the customer service provided by each broker under review. Calls are placed to provide phone numbers to see if they work and to confirm the agents’ response time. Every other means of communication, such as live chatbots, emails, and inquiry forms, undergo rigorous testing to confirm they work as claimed.
5. Evaluate trading conditions, including account types and available currency pairs: This scrutiny allows the reviewer to determine the platform’s versatility and suitability for diverse traders, ensuring it aligns with the varied needs of the trading community. The breadth of account options and currency pairs reflects the platform’s adaptability, a key indicator of reliability in catering to a spectrum of trader preferences.
6. Verify accepted countries: TB Broker is aware that some forex broker platforms often populate their list of accepted countries with names of countries from all over. To save traders the stress, our review experts consciously seize through the list provided by each broker to verify that they comply with regulatory standards and can legally operate in specific regions. 
7. Checkout deposit and withdrawal methods, minimum deposit requirements, leverage: TB Broker experts also look at the diversity and efficiency of deposit and withdrawal options the broker possesses under review. This gives potential clients a look at the broker’s commitment to facilitating seamless transactions. Also, we confirm that a broker applying a reasonable minimum deposit requirement ensures accessibility for a broad range of traders, fostering inclusivity. The leverage provided is also verified for different tradable instruments by placing active trades. 
8. Availability of complementary services such as VPS, copy trading, and others: The availability of complementary services is often a deciding factor for several traders. These services, such as VPS (Virtual Private Server) and copy trading, offer valuable tools for traders. We examine the efficiency level of these services by actively using them to assist in our test trade on each platform that claims to have them. 
9. The broker’s regulatory compliance and crisis response strategies: To ensure that a broker platform is secure and reliable as claimed, experts at TB BROKER review every regulatory license displayed by the broker. We visit official regulatory agency platforms to match license numbers for each broker. Where there are discrepancies, we clearly state such in our review. TB Broker experts also check out any crisis related to a broker under review. We can effectively gauge a broker’s preparedness to navigate unforeseen challenges by scrutinizing crisis response strategies. 
10. Educational offerings: We extensively examine the educational offerings of a forex broker platform to serve as a litmus test for the broker’s commitment to trader empowerment. Experts confirm that a broker has the educational materials it claims to possess and that they are easily accessible to traders.

Trading Experience – 30%

Our team members immerse themselves in the trading experience, creating demos and real accounts to gain firsthand insights. This phase accounts for 30% of our evaluation. 

1. When our experts immerse themselves in creating demo accounts, they gain a practical understanding of a broker’s features, functionalities, and user-friendliness without any financial risk. This hands-on experience enables them to comprehensively evaluate the broker’s interface, execution speed, and ease of use.
2. Transitioning to real accounts furthers the assessment, providing insights into the live trading environment. Testing various account types, deposit and withdrawal methods, and engaging with customer support under real trading conditions allows us to gauge the platform’s performance in scenarios directly impacting traders. 

This dual approach ensures that TB Broker can provide a balanced review grounded in practical experiences that combine theoretical knowledge with real-world observations. Ultimately, we can offer our audience and the potential users of such platforms a more authentic and informed perspective on the forex broker.

Technical Audit – 20%

In the technical audit phase, we assign 20% of our evaluation to assess the broker’s website for:

1. Broker website speed: Testing the website speed of a forex broker platform helps us deliver a user-focused assessment. TB Broker experts test for swift and responsive website speeds, allowing traders to access crucial information seamlessly without unnecessary delays or frustrations. Our findings are reported as it is. 
2. Information Accuracy: TB Broker values information accuracy as a cornerstone for sound evaluation. Expert reviewers examine whether the information supplied by the broker is consistent and represents real-time data. Information regarding tradable instruments is verified against known sources. We also factor in the latency time, helping potential traders be aware of potential lag in the broker’s information. 
3. User-friendliness: Our experts also test a broker’s website’s level of user-friendliness. What are we looking for? We search for an intuitive and user-friendly website that will enhance the overall trading experience for users. Experts consider clear layouts, well-organized menus, and straightforward access to trading tools. We test the website’s navigability to determine how easily users can find information about trading accounts, fees, contests, promotions, etc. 

This technical scrutiny ensures traders have a seamless experience on the broker’s platform, minimizing potential frustrations.

Collective Experience from Collaborations with the Broker – 10%

To provide a holistic view, we allocate 10% of our evaluation to the collective experience gained from collaborations with the broker. This involves assessing our internal interactions with account managers, evaluating their willingness to collaborate, and considering any offers to enhance the trading experience. 

This step ensures that we consider the trader’s perspective and the collaborative potential between traders and the assessed broker.

Interviews with Real Traders – 10%

The final piece of the puzzle involves allocating 10% of our evaluation to interviews with real traders. We engage with professional, amateur, and beginner traders through questionnaires, conversations, and interviews. 

This qualitative feedback provides valuable insights into their experiences and satisfaction levels with the broker. By incorporating the trader’s voice, TB Broker enhances the depth and authenticity of our reviews.

Final Rating

At TB Broker, we employ a rating system that ranges from 1 to 5, where 1 signifies the lowest score, and 5 represents the highest accolade. Sometimes, a broker’s performance deserves a score between two whole numbers. We bring flexibility here, as we’re not confined to strict integers. If the data warrants it, we might assign a score of 4.3, reflecting the broker’s standing.

Final Thoughts

In a world where the forex market can be both lucrative and treacherous, the role of a reliable broker cannot be overstated. TB Broker’s commitment to transparency, objectivity, and thorough evaluation sets the stage for informed decision-making by traders. 

Our 5-step process ensures that our reviews go beyond the surface, offering a detailed and nuanced perspective on forex brokers. Count on TB Brokers to help you navigate the complex world of forex trading, giving you the tools to make choices that match your money goals.