I’ve decided to start a dedicated series of Forex broker video reviews.
After looking around, I noticed that most video reviews in this space are quite basic. Because of that, platforms like WikiFX have become very popular among retail traders. However, for those who have been in the industry for a long time, I’m sure you have questions about how objective these evaluations really are. I was even surprised to see that many people working in the industry don’t know where to properly check if a broker is regulated and instead rely on platforms like WikiFX.
Over the past few months, I’ve received many requests from subscribers across my two YouTube channels to review specific brokers. Since I’ve built my own custom real spread recording tool (tracking live market conditions over time), I decided to create a more structured approach to broker evaluation.
I decided to start with IC Markets — one of the biggest names in the industry. The initial findings were… unexpectedly bad. I’ll share the full results in the next post.
For now, here’s the evaluation framework I’ll be using:
- Regulation & overall broker reliability
- Account opening & KYC process
- Trading platforms & account types
- Real trading conditions (spreads, commissions, execution)
- Deposit & withdrawal process
To keep things transparent, I will personally:
– Open and verify an account
– Fund it
– Test withdrawals
– Record spread data continuously (1-minute intervals) to calculate average, maximum, and minimum spreads
Each category will be scored:
0 — poor
1 — acceptable
2 — strong
Maximum score: 10 points per broker.
The goal is to keep everything as practical and simple as possible.
I’d appreciate your thoughts:
– What other criteria would you include?
– Which broker should I review next?
#forexbrokers #brokerreview #icmarkets
TradingClubsMan 
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