Firms on the LeapRate Approved List, in our view, properly fulfill required standards in the following areas:
- Regulation – must be regulated, preferably in more than one jurisdiction, and be in general good standing with their regulator(s).
- Minimum size – $40B per month average trading volume.
- Financial strength – must have > 120% of required regulatory capital, and be generally profitable.
- Pricing – spreads must not be out of line with industry standards.
- Technology / trading platform – must own and/or employ appropriate trading and back office systems, given the size and scope of business and trading volume.
- Customer service – must rank highly in LeapRate’s survey of Forex firms.
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