How Firmixa scores firms
Firmixa publishes one judgement per company, built only from facts we have collected, stored and verified ourselves. This page states the entire model: the pillars, their weights, how missing data is treated, how thin evidence discounts a score, and the exact order every ranking table uses. No part of it can be bought.
- Trust model
- v1.5.0
- Regulation engine
- v1.4.0
- Broker engine
- v1.5.0
- Entity model
- v2.0.0
- Evidence
- v1.0.0
- Global score
- v1.1.0
1. Collect
Every company has a structured record: legal identity, licences, fees, account programmes, payout and trading rules, platforms and promotions. Each fact is stored as its own field with a source, so nothing is a free-text marketing claim.
2. Verify
Facts are cross-checked against the operator's own pages and, for licences, against the public regulator register. A fact verified more than 365 days ago stops counting as fresh and the record is re-queued.
3. Score
Two independent numbers are computed: a Trust Score (what the verified facts say about the entity) and an Evidence Confidence Score (how completely and how recently it is documented).
4. Publish & rank
Evidence can only pull the published score down, never up. Ranking order is then fully deterministic — the same inputs always produce the same table.
The scoring pillars
Weights are category-aware. A broker is judged first on licensing and regulatory risk. A prop or funding firm trades its own capital, so a missing financial licence is never treated as a failing — it is judged on verification, payout reliability and rule transparency instead.
Brokers & exchanges
Broker Trust Engine v1.5.0. A verified-unlicensed broker is capped at 4.5.
- Regulation & licence integrity30%
- Regulatory & legal risk20%
- Company & ownership transparency10%
- Operating history10%
- Reputation & material complaints15%
- Trading & withdrawal conditions10%
- Transparency & disclosures5%
Prop & funding firms
Licensing is out of the model, never a penalty. A licence that does exist is recorded as a bonus signal.
- Company verification22%
- Operating history15%
- Payout reliability25%
- Rule transparency18%
- Reputation10%
- Risk signals10%
How we treat missing data
- A pillar with no signal is withheld — dropped from the weighting — never scored as zero. An empty licence register means unknown, not unlicensed.
- Only a verified adverse fact scores against a company. Unverified allegations are recorded and ignored.
- No number is published below 45% assessed coverage, or below an evidence score of 3. Those companies show as Not yet rated with the reason stated.
- A rating of 8.0+ requires at least 80% coverage. Sparse but flattering data can never publish as a top score.
Coverage ceilings
The share of the model we could actually assess sets a hard ceiling on the score we may publish.
| Assessed coverage | Maximum score |
|---|---|
| 90% and above | 10.0 |
| 80% and above | 8.9 |
| 65% and above | 8.4 |
| 45% and above | 6.9 |
Thin documentation also discounts the published number: at zero evidence only 50% of the trust score survives. Evidence can only ever pull a score down — tidy paperwork never adds a point.
What the score means
8.5 – 10
Strong standing
7.0 – 8.4
Sound standing
5.0 – 6.9
Mixed standing
below 5.0
Treat with caution
insufficient evidence
Not yet rated
Verification states
Every record carries a state and a last-verified date, shown on the company page and in the homepage verification feed.
- VerifiedCross-checked automatically against the source.
- Verified ✓Confirmed by an editor against primary sources.
- Needs ReviewFlagged for a human to review before it counts as verified.
- StaleNot re-checked within 365 days; it no longer counts as fresh evidence.
- Scraping ErrorThe automated check failed; the record is queued for manual work.
Ranking order
Every ranking table sorts in exactly this precedence, and nothing else:
- 1Firmixa Score (highest first)
- 2then published-fact completeness
- 3then how recently the data was verified
- 4then company name
Regulatory strength is deliberately not a tie-breaker: it already sits inside the score, and applying it twice would double-count the same evidence.
Independence
Some companies pay for placement or run affiliate links. These are labelled Sponsored and are excluded from every scoring input and every ranking position — commercial terms are never a signal.
Companies can claim their profile and submit corrections through the business workspace. A submission only changes a published fact after an editor verifies it against a primary source.
Firmixa does not publish fabricated reviews. Trader reviews are separate from the score and are only marked as verified experience when supporting proof has been checked.