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Brokernear is a website that compares and reviews brokers for traders. Their goal is to educate the audience on how brokers work and help them find the best one while avoiding bad actors who don't meet high standards.
Read Brokernear reviews
At Brokernear, their aim is to help traders make informed decisions by providing unbiased broker evaluations. They thoroughly assess various aspects including fees, leverage, spreads, tools, education, research, regulation, and customer support. They also test the trading platform by opening an account. Check out their reviews to understand their testing procedure and final score.
Additionally, Brokernear understands that different traders have different needs and preferences, which is why they provide comprehensive information to help traders find the best broker for their specific situation. They also stay up-to-date on the latest industry trends and news and regularly update their evaluations to ensure that their readers have the most accurate and current information available. Whether you're a novice trader just starting out or an experienced investor looking to switch brokers, Brokernear can help guide you toward the right choice.
How Brokernear rates brokers
Brokernear simplifies the daunting task of finding a reputable and trustworthy broker. They provide a user-friendly summary of ratings that is based not only on their opinion but also on customer and other reviews. They offer a list of the best brokers in the industry and comparison tools to aid in your final selection. They consider various aspects when rating a broker, such as fees, leverage, spreads, tools, education, research, regulation, and customer support. They provide a numerical assessment for each section and weigh it accordingly. Fees are a critical factor, and transparency is essential for a high rating. They assess spreads, commissions, and trading-related fees and rate brokers with hidden fees poorly.
At Brokernear, their team follows a dynamic editorial process to provide accurate and up-to-date information. They continuously collect data, conduct product tests, and perform research to ensure that their broker ratings and rankings reflect the current state of the forex industry.
Unlike traditional year-end reviews, their team has the flexibility to update their findings on an ongoing basis, resulting in more accurate content and deeper engagement with the forex industry. Despite the shift to a dynamic model, they maintain the same level of integrity and accuracy in their data collection and validation processes.
Similar to the competitors, they regularly audit and validate their data to achieve an error rate of less than 1% each year. This commitment to accuracy and transparency helps traders make informed decisions when choosing a forex broker.
Brokernear Editorial Principles
If they have a positive opinion of a company or service, they will share it with their audience without hesitation.
If they believe a company or service has room for improvement or should be avoided entirely, they will inform their audience of their findings.
If they have determined that using a broker or service provider puts one's money at risk, they will disclose this information to their audience.
Moreover, there are certain things that they will never do to generate revenue:
They will never alter their opinion of a product or service or change their evaluation process to gain or maintain an affiliate partnership.
They will never promote or conceal a specific product or service to establish or maintain an affiliate relationship.
They will never adjust their data-driven algorithms, such as Trust Score, to favor an affiliate partner.
They will never reveal marketing revenue information or advertising campaign data to their researchers or editorial team.
Broker Evaluations and Testing Methodologies
At Brokernear, broker evaluations are conducted through a combination of collected quantitative data and qualitative observations and opinions from expert researchers.
The evaluation process starts with a comprehensive analysis and assessment of the broker's products and services. The team examines every aspect of the broker's offering that may interest their customers, including a thorough investigation of all websites operated by the broker, all available content across various mediums, and rigorous testing of their proprietary tools and software.
Once the testing phase is complete, and thousands of data points have been collected and validated, the expert researchers and writers begin crafting opinion scores. These scores are assigned to aspects of broker reviews that cannot be easily quantified, such as the complexity of a new mobile trading platform designed for beginner traders.
After the quantitative and qualitative examinations of the broker's product offerings, the team turns their attention to the broker's regulatory status. This research helps to determine whether the broker can be trusted to keep their customers' money safe.
Testing devices
When conducting device testing, the team uses modern devices that run on the most current operating systems. For desktop PCs, they run Windows 11, and for trading on the go, they use MacBook Pro laptops running macOS 12.5. In terms of mobile testing, the team uses Samsung Galaxy S9+ and Samsung Galaxy S20 Ultra devices that run on Android OS 12.
During mobile testing, an 802.11n wireless WiFi connection is utilized, and if WiFi is unavailable, 4G connections are used instead. The team ensures that all websites and web-based platforms are tested using the latest version of the Google Chrome browser.
Conclusion
Brokernear is dedicated to providing its clients with the best broker available, prioritizing safety and personalized needs. Unfortunately, many online reviews are outdated or lack current information. Brokernear understands the importance of keeping its clients informed, which is why they make a continuous effort to update its reviews regularly. The goal is to provide clients with the most up-to-date information and comparison tools that will aid in making an informed decision.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.