Our Methodology

Our goal is to help you find the right online broker by bringing clarity to the process. Everything you find on BrokerChooser is based on reliable data and unbiased information. We are proud to share with you how our 10+ years of experience in finance, combined with readers' feedback, create the foundation of your BrokerChooser experience. We revise our methodology every time, fine-tuning all our criteria to be able to perfectly evaluate any broker service.

We check close to 500 criteria per broker

We evaluate the same 9 key areas and criteria for all brokers. Every year, we fine-tune our methodology based on our and our user's experiences. At the moment, we check 473 criteria for each broker altogether, as detailed in the following table:

AreaCriteria (#) 2020
Fees268
Security43
Deposit and withdrawal15
Deposit and withdrawal15
Account opening12
Product portfolio55

*Covers information like the country of origin, which is not included in the scoring. During the course of 2020, we have added new reviews to BrokerChooser while also maintaining our older ones. This means that we have edited more than 70 brokers and 25,000 datapoints. Besides the above criteria, we also have a database that collects which countries each broker accepts clients from. We capture this data for 227 countries. We also started to experiment with automation, and scraping, adding thousands of new datapoints to our ever-existing methodology.

We check brokers anonymously with a live account

Everything in our reviews is based on first-hand experience: we open a live account at each broker and deposit real money. The broker does not know we are testing. During the test, we give note of what we experience in our methodology based on our criteria.

Final scores based on our expertise and readers' preferences

After we checked the criteria for the brokers, we convert the findings into scores, using different weights. The weighting of these criteria is based on our professional experience and our readers’ preferences, to make sure that the final score truly reflects what clients are looking for or what areas matter to them.

At the end of each year, we update the scoring weights. In the table below, you can see how the ranking of weights changed for 2021, which areas moved up or down in importance.

AreaCriteria (#) 2020
Fees#1#1
Security#2#2
Deposit and withdrawal#3#3
Deposit and withdrawal#4#4
Account opening#5#5
Product portfolio#6#6

The review and the overall scores are sometimes discussed with brokers. We correct factual mistakes based on a discussion with the given broker but we always have the final word on opinions. The review is then updated regularly to keep up with the latest changes.

One last note: all the brokers you come across on Brokerchooser are monitored by at least one top-tier financial regulator, therefore they are definitely not scams. We also prefer reviewing brokers that are listed on a stock exchange or have a banking background.

Areas

1. Fees

We gather fee info straight from the brokers’ sites. We check all fees that occur for all asset classes, e.g.: for stocks, forex, funds, and so on. We uncover hidden costs and dig deep into both trading and non-trading fees: to find your real costs we calculate fees for buying a position, holding it for one week and selling it. Also, we collect data automatically for certain fee data points, to be up to date. One last note: all the brokers you come across on Brokerchooser are monitored by at least one top-tier financial regulator, therefore they are definitely not scams. We also prefer reviewing brokers that are listed on a stock exchange or have a banking background.

2. Security

This is about mapping the brokers' legal landscape, making sure who regulates which entity, the investor protection you get, what history and background the broker has. This is vital for the security of your investment, therefore this area is weighted properly.One last note: all the brokers you come across on Brokerchooser are monitored by at least one top-tier financial regulator, therefore they are definitely not scams. We also prefer reviewing brokers that are listed on a stock exchange or have a banking background.

3. Deposit and withdrawal

We deposit and withdraw real funds to test how the process works. The methods, costs and time required to deposit and withdraw money are of special interest to readers. All of these aspects are weighted. A broker that allows the use of credit cards for free is scored higher than the one where only wire transfer is available, which usually holds a charge.One last note: all the brokers you come across on Brokerchooser are monitored by at least one top-tier financial regulator, therefore they are definitely not scams. We also prefer reviewing brokers that are listed on a stock exchange or have a banking background.

4. Account opening

We dedicate the time to open real accounts at brokers. There are times, where the list of required documents can be unclear for an everyday user. Apart from this, we compile One last note: all the brokers you come across on Brokerchooser are monitored by at least one top-tier financial regulator, therefore they are definitely not scams. We also prefer reviewing brokers that are listed on a stock exchange or have a banking background.

frequently asked questions

The most common cause for helmets today is a positional head shape deformity, or positional plagiocephaly. There are a number of factors that could contribute to this problem. A thorough exam of each child helps doctors determine the specific cause.

The most common cause for helmets today is a positional head shape deformity, or positional plagiocephaly. There are a number of factors that could contribute to this problem. A thorough exam of each child helps doctors determine the specific cause.

The most common cause for helmets today is a positional head shape deformity, or positional plagiocephaly. There are a number of factors that could contribute to this problem. A thorough exam of each child helps doctors determine the specific cause.

The most common cause for helmets today is a positional head shape deformity, or positional plagiocephaly. There are a number of factors that could contribute to this problem. A thorough exam of each child helps doctors determine the specific cause.

The most common cause for helmets today is a positional head shape deformity, or positional plagiocephaly. There are a number of factors that could contribute to this problem. A thorough exam of each child helps doctors determine the specific cause.

The most common cause for helmets today is a positional head shape deformity, or positional plagiocephaly. There are a number of factors that could contribute to this problem. A thorough exam of each child helps doctors determine the specific cause.

The most common cause for helmets today is a positional head shape deformity, or positional plagiocephaly. There are a number of factors that could contribute to this problem. A thorough exam of each child helps doctors determine the specific cause.

The most common cause for helmets today is a positional head shape deformity, or positional plagiocephaly. There are a number of factors that could contribute to this problem. A thorough exam of each child helps doctors determine the specific cause.

The most common cause for helmets today is a positional head shape deformity, or positional plagiocephaly. There are a number of factors that could contribute to this problem. A thorough exam of each child helps doctors determine the specific cause.

The most common cause for helmets today is a positional head shape deformity, or positional plagiocephaly. There are a number of factors that could contribute to this problem. A thorough exam of each child helps doctors determine the specific cause.

The most common cause for helmets today is a positional head shape deformity, or positional plagiocephaly. There are a number of factors that could contribute to this problem. A thorough exam of each child helps doctors determine the specific cause.

The most common cause for helmets today is a positional head shape deformity, or positional plagiocephaly. There are a number of factors that could contribute to this problem. A thorough exam of each child helps doctors determine the specific cause.