Forex Awards Algorithm

The method we are using to evaluate business companies is a state-of-the-art product comprising complicated algorithms, but at the same time is easy and comprehensible for our visitors.

HOW THE ALGORITHM WORKS


We are cooperating with a crew of top-ranked specialists, who also deal with our questionnaires and feedback forms and participate in choosing the industry market leaders. Each nomination is scrutinized by at least 10 experts with years of experience in the relevant industry. The gurus tick the strongest points of each listing participant in the questionnaire. These valuable opinions are then being summarized, as they serve as the basis for further shaping of the profiles of the companies bidding to be the best in a certain field of business activity.

Upon having received the experts’ evaluations, we keep on investigating the market participants from the point of view of regular customers with pro-active attitude who are willing to share their experience and evaluations regarding this or that business company with the entire community.

According to our algorithm, there is a difference between an expert and a regular opinion: an expert opinion is processed with a more weighty index; however, any opinion matters and is taken into consideration.

Awards are given to business companies in different categories on a country and functional basis.


HOW ARE VOTES PROCESSED?


Our registered users are entitled to cast votes.

The first step is registration and receiving approval of the website management.

As soon as you have system access, you can choose any company from the drop-down menu. After you have made your choice, tick the characteristic features you consider to be best describing the advantages of this very market participant. The activities of each voter are recorded and summarized. This is how the overall assessment of the list participants is generated: opinions of both market experts and regular users are taken into account.

A very important characteristic of our listing is the convenience in evaluating market participants. That is, you are able to cast votes at different times in regards of different features of any given company, once you feel that you have more to say about your personal experience in dealing with this broker, or bank, or software provider, etc.

At that, to avoid driving up the numbers and nonobjective approach, any single registered user can tick any particular feature of any particular company only once during the voting term (6 months).


WHO TOPS THE LIST?


According to our strategy, expert and customer evaluations are being accumulated for the term of 6 months; we believe that this time span is short enough to keep the procedure interesting for our community, but long enough to collect diverse, ‘multi-colored’, extensive data on the performance and key features of the market leaders. Upon taking stock of this information the results are published on the site and come to notice of our community – for acknowledgement, discussion, and chalking up in further business practices. A company that gains the largest amounts of same feature ticks tops the nomination.


NOMINATIONS


Forex Awards features about 30 nominations describing various directions of business activities – functional, technical, geographical, etc. Pick and evaluate companies in the nominations that are of the essence for you personally.


DEADLINE


Results are valid for SIX MONTHS after the official publication on the Forex Awards site.


ABOUT FOREX AWARDS


Forex Awards is a team of marketing professionals headquartered in Hong Kong, one of the global financial centers. We specialize in analysis and evaluation of business companies since 2010 in partnership with reputable independent experts. Our business assessment know-how is unique and pioneering. We see our mission in making world markets more transparent and responsible, and the results of our findings we share with our community on a non-stop basis.

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Forex Awards Terms, Conditions, Cookies

Forex-Awards.com Terms, Conditions, Cookies describe the outlines of the site's operational service and procedures of usage of the information and options offered at Forex-Awards.com.

Forex Awards Contacts

We strive to provide fast and efficient service to our users and customers on a 24/7 basis. We always welcome feedback from our users, because it helps us to constantly improve.

Top Forex Brokers 2021

Forex Brokers award list is a long-time running, well-reputed catalog featuring the most prominent forex companies

Forex Broker Review Rating, % Year Status Type Regulation US traders
1FxProFxPro892006Broker, ECN, STPCySEC, FCA, FSB
2NordFXNordFX862008NDD, STP, ECNVFSC, CySEC, SEBI
3OctaFXOctaFX682011BrokerSVG
4101investing101investing672016Broker, STPCySEC
5MitradeMitrade672011BrokerASIC
All Awarded Forex Brokers

Previous Years Forex Awards Announced Winners

We are evaluating the best achievements in the foreign exchange industry since 2010

Top 10 Forex Awards Nominations 2021

All Forex Awards Nominations

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Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including graphical information about the forex companies, brokers and others, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Awards shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the press releases or reviews made by the site contributors about the forex companies. The entire responsibility for the contents rests with the contributors and commentators. Reprint of the materials is available only with the permission of the editorial staff.