At TradingGuide, our mission is clear: to empower you with the accurate and insightful information necessary to confidently navigate the intricate world of trading.
Through our strict approach, we dedicate ourselves to gathering a comprehensive array of data points in weeks, ensuring exhaustive analysis.
Each data point undergoes rigorous scrutiny by our team of in-house experts, a process that guarantees the reliability and integrity of our assessments.
With an unwavering commitment to providing unbiased reviews, we offer clear and concise evaluations of top-tier brokers and platforms.
Trust TradingGuide to be your steadfast companion and reliable source of guidance in all your trading endeavours.
What Functions We Check
Our evaluation process begins with a thorough qualitative analysis of brokers’ products and services. We conduct an in-depth examination of their websites, exploring all available content and rigorously testing brokers’ proprietary tools and software. This comprehensive research forms the backbone of our scoring system.
In addition to evaluating features and functionality, we scrutinise brokers’ regulatory status, ensuring our recommended options are licensed and regulated by tier-one authorities, including the FCA. This critical aspect helps us gauge the broker’s reliability in safeguarding your funds. Plus, we compare the brokers’ fees, available assets, platform performance, support service responsiveness, demo account, and trading tools availability.
Besides testing and comparing various brokers in the UK, we rate them based on our hands-on experiences. We then combine our findings with other user testimonials on Google Play, the App Store, and Trustpilot to come up with final ratings out of 5. This ensures we remain unbiased and only recommend the best. See the table below for how our ranking works.
Let’s say that the findings below are for broker XYZ.
| Category | Percentage Score | Rating Formula(%*5) | Score |
|---|---|---|---|
| Regulatory status | 90% | (90/100)*5 | 4.5 |
| Fees | 70% | (70/100)*5 | 3.5 |
| Available assets | 70% | (70/100)*5 | 3.5 |
| Platform performance | 80% | (80/100)*5 | 4.0 |
| Trading tools availability | 90% | (90/100)*5 | 4.5 |
| User testimonials | 70% | (70/100)*5 | 3.5 |
| Total Score | 23.5 | ||
| Rating (Total Score/6) | 3.9 stars |
From the above information, broker XYZ scored 23.5 after multiple tests and analysis. This translates to a 3.9-star rating.
The Tools We Test
In our evaluation process, we prioritise examining the tools and features offered by brokers to ensure that our recommendations align with your financial goals and preferences. Our approach involves a comprehensive assessment of various aspects, ranging from trading platforms to analytical tools. Here’s an overview of the key tools we scrutinise.
| Tool | Description |
|---|---|
| Trading Platform | We thoroughly evaluate the functionality, user interface, stability, and accessibility of the broker’s platform. |
| Charting Tools | We assess the quality and versatility of charting tools provided, examining features such as technical indicators. |
| Order Execution Systems | We test the efficiency and reliability of order execution systems to ensure timely and accurate trade execution. |
| Risk Management Tools | We examine risk management features offered, including stop-loss orders and risk assessment tools. |
| Research and Analysis | We evaluate the availability and quality of research and analysis tools, including market news and insights. |
| Education Resources | We assess the educational resources provided to traders, such as tutorials, webinars, and trading guides. |
| Customer Support | We test the responsiveness and effectiveness of customer support channels, including live chat and phone support. |
| Mobile Trading App | We analyse the functionality and user experience of mobile trading apps, considering features and ease of use. |
Why Trust Us?
As TradingGuide experts, we understand that the financial landscape can be complex and daunting. In this regard, we strive to earn your trust through transparency, expertise, and dedication to your financial well-being.
Our team comprises seasoned professionals with extensive experience in the financial industry. From analysts to writers who are also professional traders, we bring a wealth of knowledge and expertise to our evaluations. We aim to ensure that our recommendations are backed by sound judgement and insight, thus empowering you to make the best decisions that meet your trading requirements.
Note that we maintain strict impartiality in our evaluations, free from any conflicts of interest or external influences. Our recommendations are solely based on thorough analysis, multiple tests, and assessment of the factors that matter most to you, ensuring that you receive unbiased guidance.
We leave no stone unturned in our quest to provide you with the most accurate and up-to-date information. We believe transparency is key to building trust. Therefore, we are committed to spending as much time as we can to come up with the best recommendations. Trust us to provide clear and transparent explanations of our evaluations, empowering you to confidently make informed decisions.