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Our Methodology

How our authors rate and review brokers

At BrokerCheck, we understand the importance of finding the right brokerage for your needs. Our mission is to make the process of selecting a broker as straightforward and informative as possible. We do this by providing objective reviews and comparisons based on our own live testing, ensuring our users receive unbiased and reliable information. Our authors are experts in what they do and the content of our website proves it.

Evaluation Process

  • Objectivity: Our evaluations are completely independent of any financial compensation from brokerages, ensuring our reviews and comparisons are unbiased.
  • User-focused: We prioritize the most important criteria for our users, such as low fees, strict regulation, and user-friendly trading platforms.
  • Continuous improvement: We continuously update our recommendations and refine our evaluation process to ensure our users have access to the most current information.
  • Data-driven: We thoroughly examine the most important aspects of each brokerage.

Main Areas of Evaluation

  • Fees and costs: We gather information on fees directly from the brokers’ websites and check all fees that apply to each asset class. We uncover hidden costs and calculate the fees for buying a position, holding it for a week, and selling it.
  • Security and regulation: We investigate the legal backgrounds of brokers, check whether they are overseen by a trusted regulator and whether they offer investor protection. Deposit and withdrawal options: We check the costs, methods, and the time it takes to deposit and withdraw money from the broker.
  • Trading platforms: We test each trading platform, focusing on the overall user experience as well as specific features such as order placement, authentication options, and customization.
  • Account opening process: We evaluate the ease of opening an account, the types of accounts available, and whether a minimum deposit is required.
  • Product offerings: We assess the number of markets they provide access to and the products they offer.
  • Customer service: We personally test each customer service channel, trying all available channels at different times.
  • Education and resources: We evaluate the quality and structure of the educational content offered by the broker.

To ensure the accuracy of our information, we anonymously open real accounts at each brokerage and deposit real money to test their services in these key areas. Our goal is to help you find the agency that best suits your needs and enable you to make a decision with informed knowledge.

Find the most important information quickly and easily

With our easy-to-use interface, you can quickly compare which broker is right for you. User reviews and extensive information ensure you make the right decision without reviewing dozens of brokers.

Use the filters to find the perfect fit

Use different filters such as Trading Platform, Payment Options, Account Types, Trading Features, Venue Location, Broker Type, Regulation or simply adjust the Minimum Deposit. You will be able to make an informed decision easily.

Find the best broker with trader ratings

You don’t need to rely on us to find the best broker for you. Just check the ratings of other fellow traders.

Find the best broker with trader ratings

You don’t need to rely on us to find the best broker for you. Just check the ratings of other fellow traders.

Find the best broker with trader ratings

You don’t need to rely on us to find the best broker for you. Just check the ratings of other fellow traders.

Filters

We sort by highest rating by default. If you want to see other brokers either select them in the drop down or narrow down your search with more filters.
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