BrokerHiveX scoring criteria: eight dimensions and default weights

• Regulation — 20% : Licensing and regulatory level, entity/domain consistency, negative balance protection and compensation, audit/compliance records

• Pricing — 15% : 30–90 day average spread + round-trip commission + overnight fee/hidden fee (all-in cost)

• Execution — 15% : Fill rate, execution latency, median/distributed slippage, rejections/requotes, and availability of public execution reports

• Platforms — 10% : MT4/MT5/cTrader/TradingView coverage, API/backtesting, VPS/cloning, mobile quality

• Funding — 10%: Channels and localization, timeliness (preferably T+0-T+1 for withdrawals ), fees, success rate, and exception handling

• Support — 10% : Service hours (24/5 or 24/7), multiple languages, SLA/first call time, dedicated account manager, and closed-loop support

• Education — 10% : Curriculum and research depth, update frequency, and advanced content (quantitative/risk control/backtesting)

• Product Range — 10% : Breadth and depth of forex/indices/commodities/stocks/crypto/bonds, micro contracts, thematic baskets

Total score = Σ (dimension score × weight), rounded to 1 decimal place ; Grade: Top Tier ≥9.0 | Reliable 7.0–8.9 | Average 5.0–6.9 | Caution <5.0 .
Radar chart axis order (fixed) : Regulation → Pricing → Execution → Platforms → Funding → Support → Education → Product Range (clockwise), scale 0–10, labeled “x/10”.

1) Regulation — 20%

What we look at : Regulatory level and licensing status, website/entity/license number consistency, negative balance protection/investor compensation, major compliance events and audit disclosures.
Hard evidence : Regulatory list entries (license number, full name of the entity, registered address), official website Legal/Regulation, and investor compensation and protection clauses.
Why is it this score? (Tiering rules)

• 9-10 : At least one long-term license from a strong regulator (e.g. UK/EU/Australia); consistent global protection levels (with clear compensation/negative balance protection); public audits/reports ; and no major negative enforcement actions.

• 7–8 : Multiple entities regulated, with clear disclosure but inconsistent levels of protection (varies across regions); no significant negative impact.

• 5–6 : Mainly weak regulation/offshore or incomplete disclosure; unclear terms.

• ≤4 : Revocation/suspension , clone/fake site, major law enforcement or anti-money laundering negative record.
  How to improve scores : unify global protection levels; newly enhance regulatory licenses; publish audited compliance/financial reports; and improve complaint and compensation channels.

2) Pricing — 15%

What we look at : 30–90 day TWAS time-weighted average spread (intraday/intraday), round-trip commission, overnight fees, hidden costs (inactivity/currency conversion/withdrawal).
Conversion formula (all-in) :

• All-in (pip) = average spread (pip) + round-trip commission ($/lot) ÷ 10 (1 pip per lot for EURUSD ≈ $10).
  Example: 0.0 + $6/lot ≈ 0.6 pip .
  Why is it this level? (Tier threshold, EURUSD reference)

• 9–10 : Public TWAS for minute/minute products ; normal all-in ≤ 0.7 pip ; simple and transparent fee terms.

• 7–8 : Typical spreads and commissions are disclosed; the typical all-in is 0.8–1.2 pips ; hidden fees are clearly disclosed.

• 5–6 : Only “minimum spread” is given or insufficient disclosure; normal all-in ≥1.3 pips .

• ≤4 : Expenses are complex and hidden, and there is a large deviation between actual costs and disclosed costs.
  How to improve your score : Publish a verifiable average intraday spread ; reduce commissions for high-frequency accounts; clarify high volatility/holiday markup rules; disclose slippage and requote ratios.

3) Execution — 15%

What we look at : Fill rate, execution latency, slippage distribution (positive/negative), rejection/requote rate, and whether monthly execution reports or third-party audits are published.
Why is it this score? (Tier anchor point, rolling 30 days)

• 9–10 : Fill Rate ≥97% , Median Latency ≤120ms , Positive Slippage ≥30% , Requote/Reject ≤1% ; Monthly execution quality reports are published continuously and sampled/audited.

• 7–8 : Fill Rate ≥95% , Latency ≤150ms , with slippage distribution or equivalent disclosure.

• 5–6 : Only marketing description, no quantitative disclosure or general indicators.

• ≤4 : Rejection/requote is high, slippage is abnormal and there is no explanation.
  How to improve scores : Publicly publish execution data dashboard (speed/slippage/fill rate), introduce independent audit and backtracking samples; provide event period performance for major products.

4) Platforms — 10%

What we look for : MT4/MT5/cTrader/TradingView/WebTrader coverage, API/backtesting/quantitative tools, VPS/copy trading, mobile app quality, and update frequency.
Why is it this score? (Classification)

• 9–10 : Multi-platform (including TradingView/cTrader or equivalent) + API/backtesting + VPS/cloning + high-quality iteration on mobile devices.

• 7–8 : Mainly MT4/MT5, with general but stable and reliable additional tools.

• 5–6 : Single platform or missing functionality.

• ≤4 : Platform is unstable or frequently malfunctions.
  How to improve your score : Complete MT5/TradingView/cTrader; open API/backtesting; improve mobile terminal and risk control/quantitative tools.

5) Funding — 10%

What we look at : Channel breadth, localization (local transfer/fast channel), time to payment, fees, failure/rejection rate, and exception handling.
Why is it this score? (Grade anchor point)

• 9-10 : Instant deposits, T+0-T+1 withdrawals; 0% platform-side handling fee (third-party fees clearly explained); channel success rate ≥ 98% ; processing time SLA clearly stated.

• 7–8 : Most withdrawals are ≤ T+2 ; fees and terms are clear.

• 5–6 : Insufficient localization/slow processing/incomplete information.

• ≤4 : Long-term withdrawal anomalies or a large number of complaints.
  How to increase your score : Expand local deposits and withdrawals; disclose channel-level average duration and success rate ; unify fee thresholds; establish an abnormal escalation path.

6) Support — 10%

What we look for : availability (24/5 or 24/7), multilingualism, response speed (first call), SLA, dedicated RM, and issue closure.
Why is it this score? (Grade anchor point)

• 9–10 : 24/7 or 24/5+SLA ; online first call ≤ 60 seconds ; key language coverage; active accounts have RM ; closed-loop follow-up.

• 7–8 : 24/5 multi-channel support; fast response; comprehensive FAQ/knowledge base.

• 5–6 : Average availability or severe queueing during peak hours.

• ≤4 : Slow response and unstable channels.
  How to improve : Add 24/7 coverage and SLA; expand language/hotline; RM coverage; disclose CSAT/handling time data.

7) Education — 10%

What we look at : curriculum system (beginner → advanced → quantitative/risk control), research report depth, update frequency, backtesting/case studies, and tests/certifications.
Why is it this score? (Classification)

• 9–10 : Systematic courses + backtesting cases + certification path; weekly updates or more; multi-level learning routes.

• 7–8 : Research and courses coexist, with stable updates and reasonable depth.

• 5–6 : Focuses on information/news; lacks systematicity.

• ≤4 : The content is scarce or has not been updated for a long time.
  How to improve scores : Build a complete course tree; introduce backtesting/assignments and certifications; maintain a regular update schedule.

8) Product Range — 10%

What we look for : Breadth and market depth for FX/Indices/Commodities/Stocks/Crypto/Bonds, micro contracts , thematic baskets , regional availability, and leverage clarity.
Why is it this score? (Classification)

• 9–10 : Multi-asset + depth (individual stocks/ETFs/bonds/futures/options CFDs, etc.), with micro contracts/thematic baskets .

• 7–8 : Covers mainstream assets and meets most strategies.

• 5–6 : Narrow assortment or poor regional availability.

• ≤4 : Limited choices and incomplete information.
  How to improve scores : expand product categories and depth; provide micro/themed products; clearly mark regions and leverage.