Our Rating System

How We Score and Evaluate Trading Brokers

Last Updated: January 2026

Objective, Data-Driven Evaluations

At TradeTheDay, we use a comprehensive 5-point rating system to evaluate every broker fairly and consistently. Our methodology combines quantitative data analysis with qualitative assessment to provide you with accurate, actionable insights for your trading decisions.

Our 5-Point Rating Scale

★★★★★
5.0 - Excellent: Industry leader, exceptional across all areas
★★★★☆
4.0-4.9 - Very Good: Strong performer with minor weaknesses
★★★☆☆
3.0-3.9 - Good: Solid choice with some limitations
★★☆☆☆
2.0-2.9 - Fair: Adequate but with notable concerns
★☆☆☆☆
1.0-1.9 - Poor: Significant issues, not recommended

Key Rating Categories

Each broker is evaluated across five critical areas that matter most to traders:

💰 Costs & Fees (25%)

  • Spread competitiveness
  • Commission structure
  • Deposit/withdrawal fees
  • Inactivity charges
  • Hidden costs analysis

🛡️ Safety & Regulation (25%)

  • Regulatory licenses
  • Client fund protection
  • Financial stability
  • Segregated accounts
  • Compensation schemes

📱 Platforms & Tools (20%)

  • Platform reliability
  • Mobile app quality
  • Charting tools
  • Order execution speed
  • User experience

📈 Trading Conditions (20%)

  • Instrument selection
  • Leverage options
  • Minimum deposits
  • Account types
  • Execution quality

🎓 Education & Support (10%)

  • Customer service quality
  • Educational resources
  • Market analysis
  • Response times
  • Support channels

Our Testing Methodology

Every broker review follows our standardized testing process:

1

Account Opening

We open real accounts with each broker to test the actual user experience from signup to trading.

2

Platform Testing

Comprehensive testing of all platforms (web, desktop, mobile) including order execution and reliability.

3

Cost Analysis

Detailed breakdown of all costs including spreads, commissions, and fees across different account types.

4

Customer Service

Testing response times, helpfulness, and availability across all support channels.

5

Regulatory Verification

Verification of licenses, regulatory status, and client protection measures.

Data Sources & Verification

Our ratings are based on verified, up-to-date information from multiple sources:

  • Direct Testing: Real trading accounts and live testing of all features
  • Official Documentation: Terms of service, fee schedules, and regulatory filings
  • Regulatory Databases: License verification through official regulatory websites
  • User Feedback: Verified trader reviews and community feedback
  • Industry Data: Market data providers and financial databases
  • Regular Updates: Quarterly reviews and updates to ensure accuracy

Editorial Independence

Important: Our ratings are completely independent of our business relationships. Commercial partnerships do not influence scores, and we maintain strict editorial separation between our content and partnerships teams.

We believe in providing honest, unbiased evaluations that help you make the best decisions for your trading needs. Poor performance is called out regardless of partnership status, and high ratings must be earned through superior service.

Questions About Our Ratings?

We welcome questions about our rating methodology and are always working to improve our evaluation process. If you have feedback or suggestions, we'd love to hear from you.

Contact Us
JD

James D. from London

matched with AvaTrade

2 minutes ago