Through wikifx’s broker profiles, users can see over 48 important pieces of information, including regulatory status (real-time API connection with regulatory agencies in 42 countries, accuracy rate: 99.3%), transaction costs (e.g., EUR/USD spread range 0.1-2.5 points), and user complaint rates (industry average: 12.7%). For example, AlphaTrade, which was penalized by the UK FCA in 2023. Its wikifx file discloses that the platform is actually registered capital of only 1.8 million pounds (less than the 7.3 million pounds required by the FCA), and the user complaint handling cycle is up to 34 days (the industry norm is 7 days), making the compliance score plunge to 28/100. The platform also announced its maximum slippage rate of 23.5% (the industry average was 3.8%) and that the amount of disputes generated by this exceeded 12 million US dollars in the recent six months.
The user review section has gathered 6.8 million actual feedstock. wikifx filters out 23% of artificial comments through AI semantic analysis (for example, IP concentration exceeding 75% or text repetition rate exceeding 60%). In 2022, one broker used Internet trolls to manipulate the rating, attempting to shift it from 2.8 to 4.5. Wikifx, nevertheless, identified an unnatural data distribution (the proportion of 1-star and 5-star orders suddenly increased to 89%), and in combination with MT4 log verification (the actual slippage rate of the 500 orders clients uploaded was 28%), corrected its rating to 3.1 within 48 hours. In addition, the “Fund Security Index” in the report includes parameters such as the frequency of bank account auditing (such as once a month versus the quarterly audit industry norm) and percentage of customer fund segregation (minimum value of 93% versus 100% mandated by law). For instance, one Asian platform was marked high-risk by wikifx for failing to disclose the mixed use of 3 million US dollars of customer funds. It was sealed by the regulatory authorities six months later.
The transaction cost analysis module compared 120 types of accounts around the world. For instance, an ECN account only charged a commission of $1.5 per lot, but wikifx, according to 100,000 transaction data, found that its implicit costs (e.g., an overnight interest premium of 0.8%) increased the actual cost by 37%. During the 2021 Turkish lira collapse, the spread between the euro and the Turkish lira on a certain platform rose from 2.5 points to 58 points. Its wikifx liquidity indicator showed that the depth of the order book was only 720,000 US dollars (with a safety of 5 million US dollars), which implied a median loss of 43% per trade for users. Leverage compliance figures are also provided on the platform. For instance, when a broker was discovered to illegally offer a leverage ratio of 1:3000 (EU maximum is 1:30), wikifx, based on regulatory document comparison, updated its risk score from 65 to 91 within 3 hours.
The risk early warning system is updated every 30 minutes and detected 326 abnormal license plate events in 2023. For instance, 12 hours before the license of Canadian broker FXUnion was canceled, the API status code error rate (HTTP 503) in its wikifx files rose from 0.2% to 58%. After the warning was triggered, users recovered an average of 92% of their investments. The website also predicts the probability of running off using machine learning algorithms. For instance, three months before the closure of a certain Australian broker, its website traffic dropped by 87% week-over-week, and the withdrawal delay rate soared from 4% to 37%. Based on this, wikifx raised its risk index to 89 points (out of 100), and gave an alert 72 hours in advance of traditional tools.
Technically, wikifx files contain data such as the server response time (for example, the 128ms average latency at the London node VS the 85ms industry standard), order execution speed (peak 99.3% VS advertised 99.9%), etc. In 2022, a 1.2-second delay in quotes on a particular platform was caused by a vulnerability in the system. wikifx matched 2,137 transaction records that users uploaded and found that the actual transaction price deviation rate was 0.8% (allowed range ±0.2%), resulting in the platform reimbursing users for more than 1.8 million US dollars in losses. A 2023 study by the University of Cambridge illustrates that wikifx profile users are 3.8 times more effective at making decisions to screen brokers, with an average annual rate of return of 14.7% (6.2% for non-users), largely because the site makes hidden fees and regulatory risks evident.