Regulation and license evidence
30 ptsLicense status, regulator quality signals, offshore status, revoked or suspicious records.
Understand the evidence behind broker scores, provisional research and risk labels.
Scoring methodology
FXICON scores brokers from 0 to 10 using a transparent internal model. The score is not investment advice. It is a structured research signal based on regulation, broker transparency, trading facts, platform evidence, user feedback, and source freshness.
0-100 evidence model
License status, regulator quality signals, offshore status, revoked or suspicious records.
Official website, domain, company identity, address, contact channels, and source citations.
Concrete deposit, leverage, spread, commission, account and funding disclosures. Unknown or account-dependent placeholders do not earn pricing points.
MT4/MT5 or other platform availability and whether the platform status is listed or verified.
Approved review rating, review volume, and unresolved complaint pressure.
Recent editorial checks, reviewed citations, source URLs, verified badge, and profile completion.
7.0-10.0
Strong evidence with no major active flags.
Incomplete research or caution flags
Incomplete evidence or a medium-severity flag, including jurisdiction restrictions, requires attention.
Major warning or weak complete evidence
No-regulation status, a major warning flag, or a non-provisional score below 5.0.
Severe licence or risk concerns
Severe licence concerns, multiple major flags, or a non-provisional score below 2.5.
Risk intelligence
The system generates visible flags when a broker has missing regulation, offshore-only evidence, stale review dates, missing contact channels, high leverage, unresolved complaints, low user ratings, no sources, or an unclaimed profile.
Ranking methodology
Research points range from 0 to 100. The 0-10 evidence score contributes 60% of the total. Additional components reward matched reviewed register evidence, recent reviewed sources, listed platforms, approved trader feedback and editorial research freshness.
Register points require a current eligible licence and a reviewed official-register citation with the same URL. Expired and future-issued licences do not qualify. Each distinct recent reviewed source earns two points, up to ten; future-dated checks do not qualify. Explicitly unavailable platforms do not earn listed-platform bonuses.
The additional feedback component is the approved non-spam review average divided by five, multiplied by five and by the smaller of review count divided by ten or one. Without approved reviews it is zero. The underlying evidence model retains its disclosed neutral no-review baseline; that is not a trader rating or proof of satisfaction.
Published unresolved complaints deduct three points each, up to thirty. A high or extreme risk label deducts fifteen more. Pending private submissions do not reduce public points. Reviewed official regulator warnings cap the final total at forty; totals cannot fall below zero. Adjustments are included in each point breakdown. Warning-only records remain separate from broker rankings.
Evidence rank orders brokers by research points, not by their raw 0-10 evidence scores alone. Equal point totals use a stable name and record-ID tie-breaker.
Editorial ordering can place selected profiles first or later in the displayed list. An editorial position is a disclosed placement, not a ranking calculated from the 0-10 editorial rating. Editorial ratings, commercial tags and placements do not add research points or change evidence positions or trader-review averages.
Research freshness contributes five points for an editorial check within ninety days, or 2.5 within 180 days. Missing and future editorial dates earn none. Daily snapshots compare movement only with an earlier day using the same ranking and evidence model versions. A model change starts a new movement baseline.
Automated source checks remain distinct from human licence reviews and may contribute source-recency evidence without confirming regulatory permissions. Website availability does not establish authorization, confirm trading conditions or guarantee safety.