FXCN
⌘ API for business Sign in Sign up
FXCN
Global FX Broker Transparency & Rating
Methodology

Our methodology

Transparent, auditable · open algorithm, rankings independent of revenue

Open algorithm · MIT Rankings independent of revenue Ads separated from scores

Our three principles

Verifiable, reproducible, auditable.

01 · ALGORITHM
100% open algorithm
The scoring algorithm, every rule and weight, is published on GitHub. Anyone can download the source plus a data snapshot and reproduce the exact scores you see here on their own machine.
02 · DATA
100% traceable data
Every scoring fact links to its original URL and a timestamp. Use “Why this score?” on any broker page to walk through every adjustment.
03 · INDEPENDENCE
Ratings independent of revenue
Brokers can't buy a score and can't pay to remove reviews. Ads, promoted slots and IB rebate links are clearly labelled and walled off from the algorithm.

So how do we make money?

Every revenue stream is listed below — none can buy a score.

  • Brand advertising (AdSense / direct): Ad slots in sidebars, article tops and list footers, physically separated from scoring modules and tagged “Ad”.
  • Promoted slots / IB rebate links: Brokers can buy “promoted” slots at the top of a list or affiliate links on their profile — these carry a yellow “Sponsored” pill, sit outside the rating, and never change the red/yellow/green color.
  • Premium membership (individual): PDF risk reports, price alerts, signal subscriptions, ad-free browsing.
  • Enterprise data API: Media, risk teams and compliance vendors subscribe to the full dataset with SLA, billed by call volume.
  • White-label solution: Embed our rating engine into a partner's website or app.

The hard line: Ads and promotions buy visibility, not a score. Scores are computed automatically by the algorithm against public data; humans cannot override them, and any change goes through a 30-day public RFC on GitHub.

Data source tiers

Tiers carry different weights inside the algorithm.

A
Authoritative
Regulator official API / government disclosure
B
Reliable
Annual reports, audits, listing docs
C
Reference
Company site, mainstream press
D
Pending
User-submitted, social-scraped (re-verified)

How we prevent review fraud

  • A reviewer must complete KYC + provide proof of position to earn the “verified” tag.
  • Every review is checked by an AI anti-spam model.
  • Bursts of reviews from the same IP / device / linked accounts are auto-flagged.
  • Reported reviews go to a community committee for public arbitration.

Why we keep ratings walled off from money

Most rating sites in this industry sell rankings and review removal — their scores effectively act as a price list. We don't think such scores have any value to retail traders.

So we wall the rating off from the wallet: brokers cannot buy weight in the algorithm, cannot pay to remove reviews, cannot “appeal” a score — only factual corrections (verifiable, objective information) are accepted. Revenue comes from clearly-labeled ads, promoted slots, memberships and enterprise APIs, none of which touch the score.

Where the data comes from, and how often it updates

  • Sources are public and checkable. Regulatory and licence data come from regulator sites (FCA, ASIC, CySEC, MAS, NFA, and growing), collected by automated crawlers, with a source link and capture timestamp on every adjustment.
  • Changes are logged. When a broker's score crosses a threshold or its traffic light changes colour, it is written to the history record (Time Machine) so every change is traceable.
  • The algorithm is versioned. Current algorithm version is v1. Iterations publish change notes and tag the algorithm version used for each score.
  • Notarisation (planned). We plan to anchor score snapshots and appeal evidence on-chain to further strengthen immutability.

Limits of this methodology (we say it plainly)

  • Scoring relies on available public data; missing items are not guessed but marked as pending or excluded.
  • A high score does not mean "safe profit" or "zero risk" — only that the broker is more transparent and compliant on verifiable dimensions.
  • Regulatory status can change at any time; always verify via the regulator's official channels.

Page version v1.0 · Algorithm version v1 · Last updated 2026-06-04

Maintained by the fxcn editorial team and kept in sync with the live scoring algorithm (algorithm changes update this page and bump the algo_version).