About BrokerWatcher

BrokerWatcher rates forex and CFD brokers on evidence rather than marketing. Every broker gets a score out of 10 built from six published checks, one of four verdicts, and a dated log of every time that verdict has changed. The point is not that you trust us. It is that you can check us.

What we publish

A review of each broker covering its licence, who owns it, what trading actually costs, how withdrawals behave in practice, and what traders report going wrong. Reviews sit alongside regulator profiles explaining what each licence is worth, and comparisons for people who already know what they need.

Why our ratings can be checked

Most broker review sites publish a number and expect you to accept it. Four things make ours auditable.

• The formula is public. Six pillars, fixed weights, four verdict bands. It is set out in full on our methodology page, so you can see which input drives any rating.
• Findings are sourced. Register entries are linked. Contract terms are quoted with the clause number. Complaints carry dates.
• Verdict changes are logged. Every review carries a changelog showing what the verdict was, what it is now, and the evidence that moved it. Nothing is edited quietly.
• Brokers get a reply. Any broker we rate can respond, and we publish the response unedited under the review.

What we are not

• Not an advisor. Nothing here is investment advice or a recommendation to trade. A Trusted verdict describes a broker’s regulatory standing and conduct, not your odds of making money.
• Not a regulator. We have no enforcement power. If you have lost money, your route is the broker’s regulator and, where one exists, its compensation scheme.
• Not a recovery service. We do not offer to get funds back and we take no referral fee from anyone who does. Firms that cold-call scam victims promising recovery are very often the second fraud.
• Not funded by brokers. We accept no commissions from any broker on this site. See our disclosure policy.

Corrections

We will get things wrong. When we do, we want to know quickly. Send evidence through the contact page and a correction goes up with the reason recorded in that broker’s changelog.

Risk warning

Trading forex and CFDs carries a high risk of losing money rapidly through leverage. Most retail accounts lose money. A good broker reduces the risk of being defrauded. It does nothing to reduce the risk of the trade.