At BrokerNotes, our mission is to simplify the process of finding and comparing reputable brokers online. To achieve this, we follow a three-step process:
How we decide which brokers to include on BrokerNotes
For a broker to be eligible to be listed on our website, they must pass three tests designed to eliminate brokers that may not be reliable or trustworthy.
- Regulation evaluation – We only feature regulated brokers on our website, therefore, any unregulated brokers are eliminated at this stage.
- Automated evaluation – we collect hundreds of data points on every broker that we consider. This data (including fees, spreads, platforms, accounts, and more) is fed into a custom algorithm specifically created to evaluate the overall quality of the broker relative to other brokers in our database.
- Manual evaluation – Finally, each broker is reviewed manually for quality assurance by our team before being added to the website.
In addition to running these evaluations when adding a broker to our website, we routinely check that all brokers already listed meet these standards and remove them if not.
How are brokers ranked?
To be featured on a comparison page, the broker must meet the entry criteria for that page. For example, if a visitor from the UK visits our MT4 broker comparison, all of the brokers displayed must offer MT4 as a platform and accept UK traders.
The brokers that meet these criteria are then ordered by an algorithm that takes into account a range of factors designed to highlight the brokers that are likely well-suited. Finally, our team manually review these positions regularly.
How do we make money?
We have affiliate agreements with the majority of the brokers that are listed on our website. This means that we are paid a commission by these brokers if we are able to help our audience find a suitable broker for them.
BrokerNotes was founded in 2014 by Marcus Taylor.
Marcus Taylor is the founder & CEO of Venture Harbour, a venture studio in Oxford that develops innovative online tools & technology across a range of sectors. In addition, Marcus has served as Chief Marketing Officer for a fintech startup providing big data analytics technology to brokerages and banks. Marcus is an international speaker and contributor to numerous publications including Finance Magnates and the International Finance Expo.
Marcus established BrokerNotes to solve his own problem.
He noticed that most brokers display information (particularly surrounding fees and account types) in different ways, making it challenging to compare them like-for-like. The inspiration for BrokerNotes came after spending days collecting data on brokers and standardising them to a common and easily-comparable format to find a suitable broker for himself.
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