FXCN
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FXCN
Global FX Broker Transparency & Rating
Algorithm

Scoring algorithm

Fully public. Anyone can reproduce our results.

MIT License Reproducible Weight changes need 30-day RFC

Overall score formula

Weight model
Total = 0.30 × Regulation + 0.20 × Risk + 0.20 × Transparency + 0.20 × Reputation + 0.10 × Disclosure

Each dimension starts at 50, adjusts up or down per the rules below, and is clipped to [0, 100]. Any weight change goes through a 30-day public RFC on GitHub before taking effect.

Color mapping

ScoreColorGuidance
85 – 100Green · ReasonableReasonable (any dimension < 60 → yellow)
60 – 84Yellow · CautionCaution (regulation < 30 → red)
30 – 59Orange · High riskHigh risk, test with small amounts
0 – 29Red · Strongly avoidStrongly avoid
Insufficient dataInsufficient data, listed but not scored

Five dimensions and their rules

Base 50, adjust by the rules below, clip to [0, 100].

1. Regulation
w = 0.30
  • Tier 1 (FCA/ASIC/NFA/CySEC/MAS/SFC) +30
  • Tier 2 (FSCA/DFSA/SCA…) +12
  • Tier 3 (VFSC/SVG/Belize…) +3
  • Revoked / suspended / expired / clone −heavy
2. Risk control
w = 0.20
  • Funds segregated (verifiable) +30
  • Negative balance protection +10
  • Investor compensation scheme +15
  • Margin close-out < 50% +5
3. Transparency
w = 0.20
  • HQ = operations location +20
  • Shareholders & directors disclosed +15
  • Audited annual report +20
4. User reputation
w = 0.20
  • Weighted avg of verified-user ratings ·
  • Skipped when reviews < 5 ·
  • Excluded if anti-spam conf < 60% ·
5. Disclosure
w = 0.10
  • Risk disclosure on website +30
  • Spread / swap history downloadable +20
  • Order flow / LP disclosure +25
This scoring algorithm is released under MIT License. Anyone can download it, modify it, and reproduce the full score with their own dataset. Repository and data snapshots are published periodically on our open-source page.