How Rankly Scores Brokers and Exchanges
Every broker and crypto exchange on Rankly India is evaluated using a transparent, weighted scoring system. This page explains exactly how our scores are calculated, what data we use, and why you can trust our comparisons.
What Makes Our Methodology Different
- No broker or exchange can pay to improve their score or ranking
- All scoring weights are publicly documented on this page
- Scores are regularly reviewed and updated — every page shows its last-reviewed date
- India-specific factors like UPI support, INR access and FIU compliance are built into the scoring
CFD Broker Scoring Model
Rankly Broker Score out of 100 — 9 weighted categories, each scored 1-10:
| Category | Weight | What We Evaluate |
|---|---|---|
| Platform Experience | 15% | Platform stability, speed, mobile app quality, web trader interface, charting tools, order execution types and user experience across MT4, MT5 and proprietary platforms. |
| Trading Costs | 15% | Spreads across account types, commission structures, swap/ overnight fees, inactivity fees, deposit/withdrawal charges, and overall cost competitiveness for Indian users. |
| Account Options | 10% | Number and variety of account types, minimum deposit requirements, base currencies available, demo account availability, Islamic/swap-free account options. |
| Product Range | 10% | Range of CFD instruments: forex pairs, indices, commodities (gold, oil), stocks, ETFs, crypto CFDs. Depth within each category and availability for Indian users. |
| Beginner Friendliness | 10% | Educational resources, platform tutorials, webinars, market analysis, demo account quality, minimum deposit accessibility, and overall ease of getting started. |
| Advanced Trader Tools | 10% | ECN/raw spread accounts, cTrader availability, VPS support, API trading, algorithmic/EA support, depth of market, advanced order types, scalping/hedging policies. |
| Deposit & Withdrawal Clarity | 10% | UPI support, INR deposit availability, processing times, fee transparency, minimum withdrawal amounts, supported payment methods for Indian users. |
| Risk Transparency | 10% | Clarity of risk disclosures, negative balance protection, segregated client funds, regulatory licenses, and how clearly the broker communicates leveraged product risks. |
| India User Suitability | 10% | Overall suitability for Indian users considering local payment methods, regulatory context, customer support hours and languages, and availability of India-specific guidance. |
Crypto Exchange Scoring Model
Rankly Crypto Exchange Score out of 100 — 9 weighted categories:
| Category | Weight | What We Evaluate |
|---|---|---|
| Liquidity | 15% | Trading volume, order book depth, bid-ask spreads across major pairs, and overall market depth that impacts execution quality for Indian users. |
| Fees | 15% | Spot trading fees (maker/taker), futures fees, deposit and withdrawal charges, P2P fees, token-based discounts (BNB, OKB), and overall cost competitiveness. |
| Product Range | 15% | Number of listed coins, spot pairs, futures contracts, staking products, earn/yield features, NFT marketplace, launchpad, and overall product ecosystem depth. |
| App Experience | 10% | Mobile and web app quality, UI/UX design, ease of navigation, Lite mode for beginners, order placement speed, reliability, and customer support responsiveness. |
| Security Features | 10% | Cold storage percentage, 2FA/MFA options, withdrawal whitelisting, proof of reserves, insurance fund, security track record, anti-phishing tools, and incident history. |
| USDT / Stablecoin Access | 10% | P2P INR/USDT market depth, stablecoin variety, INR on-ramp and off-ramp options, and overall ease of converting between INR and crypto. |
| KYC & Compliance Clarity | 10% | FIU registration status, KYC requirements, AML procedures, compliance transparency, and how clearly the exchange communicates its regulatory standing for Indian users. |
| India Availability | 10% | Current availability for Indian users, app store accessibility, INR/P2P support quality, Indian user community size, and regulatory compliance track record in India. |
| Beginner Friendliness | 5% | Onboarding experience, educational content, demo/free features, simple buy/sell options (Convert), and overall accessibility for first-time crypto users. |
Data Sources & Review Process
Our scores are derived from multiple independent sources:
- Publicly available broker/exchange information: Fee schedules, product disclosures, account terms, and regulatory filings published directly by the platforms.
- Platform testing: Our research team opens accounts, tests platforms, executes demo trades, and evaluates the actual user experience.
- User feedback analysis: We review and analyze user reviews, community discussions, and complaint patterns across public forums and social media.
- Regulatory research: We cross-reference regulatory databases, RBI publications, FIU registrations, and official statements relevant to Indian users.
- Industry comparison: We benchmark each platform against its peers using the same criteria to ensure fair relative comparison.
Each review undergoes a 3-step editorial process: initial research and scoring, fact-checking against source data, and final editorial review for accuracy, clarity and compliance-safe language.
Frequently Asked Questions About Our Methodology
Can brokers or exchanges pay for a higher score?
No. Rankly does not accept payments to modify scores, rankings or review content. Our scores are based solely on the weighted criteria published on this page. Affiliate relationships (disclosed on every review page) do not influence scoring.
Why do some brokers have the same score?
Scores reflect our assessment based on current data. When platforms have similar strengths, they may receive identical overall scores despite differing in specific categories. We recommend reading individual review pages for detailed analysis rather than relying only on the total score.
How often are scores updated?
We review all broker and exchange scores at least quarterly. Major platform changes (fee updates, regulatory developments, service changes) trigger an immediate review. Every review page displays its last-reviewed date so you know how current the information is.
Why is India User Suitability weighted separately?
Most global broker review sites ignore India-specific factors. We include India User Suitability as a distinct category because UPI support, INR access, local regulatory context and payment convenience directly impact the real experience of Indian users — and we believe that should be reflected in the score.
What does Rankly NOT evaluate?
We do not predict future performance, guarantee profitability, or assess whether you should trade. We evaluate platform quality, fees, features and transparency. Whether a platform is suitable for your financial situation, risk tolerance and goals is a decision only you can make.
Important: Rankly scores are educational assessments based on publicly available information and platform testing. They are not investment recommendations, endorsements, or guarantees of platform quality or safety. Trading CFD, forex and crypto products involves substantial risk of loss. Users should conduct their own research and consult qualified professionals before making trading decisions.