| Trading costs | Typical spread in the major pair EUR/USD | -
•
≤ 0.6 pips = full points
-
•
≤ 1.0 pips = 9 points
-
•
≤ 1.5 pips = 6 points
-
•
> 1.5 pips = 2 points
-
•
Not publicly stated = 0 points
| 12 |
| Commission per standard lot | -
•
No commission (pure spread model) or ≤ USD 6 per round turn = full points
-
•
≤ 10 USD per round turn = 5 points
-
•
> USD 10 per round turn = 2 points
-
•
No public price list = 0 points
| 8 |
| Overnight financing costs (swap) | -
•
Swap rates fully published and in line with the market = full points
-
•
Published, but above market average = 5 points
-
•
On request only or visible on the platform = 2 points
-
•
Not found = 0 points
| 10 |
| Regulation & investor protection | Responsible supervisory authority | -
•
BaFin licence or German branch = full points
-
•
EU supervision with passporting into Germany = 7 points
-
•
Supervision outside the EU = 2 points
-
•
No verifiable supervision = 0 points
| 10 |
| Deposit protection and segregation of client money | -
•
Segregated client money accounts and investor compensation ≥ €20,000 = full points
-
•
Segregated client money accounts without documented compensation level = 4 points
-
•
No verifiable segregation = 0 points
| 8 |
| Negative balance protection and leverage limits | -
•
Negative balance protection for retail clients and ESMA-compliant leverage = full points
-
•
Only one of the two verifiable = 3 points
-
•
Neither = 0 points
| 6 |
| Share of retail investor accounts that lose money | -
•
Published rate ≤ 65% = full points
-
•
Published rate ≤ 75% = 4 points
-
•
Published rate ≤ 80% = 2 points
-
•
Published rate > 80% = 0 points
-
•
No publication found = 0 points
| 8 |
| Trading offering | Number of tradable underlyings | -
•
≥ 5,000 = full points
-
•
≥ 1,000 = 3 points
-
•
≥ 200 = 2 points
-
•
< 200 or not stated = 0 points
| 5 |
| Asset classes covered | -
•
Currencies, indices, commodities and shares = full points
-
•
Three asset classes = 3 points
-
•
Two asset classes = 2 points
-
•
Only one asset class = 0 points
| 5 |
| Additional trading of real securities | -
•
Real shares and ETFs also tradable = full points
-
•
Real shares only = 2 points
-
•
Contracts for difference only = 0 points
| 4 |
| Platform & execution | Available trading platforms | -
•
MetaTrader 4 or 5 plus own platform and app = full points
-
•
One established platform with app = 4 points
-
•
Web interface only = 2 points
| 6 |
| Execution model and execution quality | -
•
Execution model and execution statistics published = full points
-
•
Execution model stated, no statistics = 3 points
-
•
Not stated = 0 points
| 6 |
| Charting and analysis tools | -
•
Extensive indicators, drawing tools and price alerts = full points
-
•
Basic functions available = 2 points
-
•
No notable analysis tools = 0 points
| 4 |
| Service & training | German-language customer service | -
•
German-language hotline and email support = full points
-
•
German-language email support only = 2 points
-
•
No German-language support = 0 points
| 4 |
| Demo account | -
•
Unlimited demo account = full points
-
•
Time-limited demo account = 1 point
-
•
No demo account = 0 points
| 2 |
| Training and information | -
•
Structured learning content and regular webinars in German = full points
-
•
Some content available = 1 point
-
•
Not offered = 0 points
| 2 |
