How the PFM Score is calculated.
The PFM Score is a single number from 0–10 that's computed, not assigned. Every input is an objective fact you can read on the firm's own official website — fees, profit split, drawdown model, payout speed, platforms, account sizes, rules. A firm's commercial relationship with TradeMoneta has zero weight. You could recompute every score yourself from the same public facts.
The formula
Each pillar is scored 0–10 from its sub-metrics, then combined by weight:
PFM = Payout Integrity × 47%
+ Rule Clarity × 29%
+ Trading Conditions × 24%
Payout Integrity
47%- · Payout speed — typical processing time in days (faster scores higher).
- · Profit split — the share of profit the trader keeps (higher scores higher).
Rule Clarity
29%- · Drawdown model — static is clearest, end-of-day next, intraday trailing hardest.
- · Trader-favourable rules — news trading, weekend holding and scaling allowed.
Trading Conditions
24%- · Platforms supported — more choice scores higher.
- · Account sizes offered — more flexibility scores higher.
- · Evaluation-fee value — lower entry cost scores higher.
Why Trader Feedback isn't in the score (yet)
A fourth pillar, Trader Feedback, was originally worth 15% of the score. We deferred it: we have no verified trader reviews yet, and we won't invent them. The three objective pillars above are renormalised to 100% until our verified-review system ships. We'd rather a smaller honest score than a bigger fake one.
Verified vs provisional
A score is only as good as its inputs. A firm is marked Verified once a human has confirmed its facts against the official site; otherwise it's Provisional. We show the date of last verification, and link the source, on each firm's page.