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Major Broker Rating/Review System Update

March 19, 2013

As you have probably noticed, it is no longer possible to vote for a broker (or VPS) by giving a star rating. At the same time, most of the broker ratings have changed, with a lot of them switching to ‘no rating’ status. The reason is a complete revamp of how the rating and reviews work on EarnForex.com.

Now, the star rating (which ranges from 1 to 10) is calculated using the number of positive and negative reviews submitted by traders. Reviews that have been marked as suspicious or have been assigned ‘neutral’ status by their authors are not counted. A minimum of three reviews is required for a company to receive a rating value. Additionally, a special weight system is implemented to make the rating more up-to-date.

Finally, in connection with this change, Forex brokers (or VPS companies) that are known to provide bonuses to their customers for posting reviews are excluded from the rating system by receiving ‘no rating’ status. For example, MasterForex, PaxForex and some other brokers are currently affected by this modification. If you know any other brokers that provide some incentive in return for reviews, please let us know. It will help us make our rating much fairer. Thanks.

If you have any questions, comments or suggestions about the new rating system on EarnForex.com, please feel free to submit them via the form below.

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