5 Best Brokers for FTSE 250

 

The 5 best FTSE 250 Brokers – Rated and Reviewed. We have listed the 5 Best Forex Brokers that offer access to the popular Financial Times Stock Exchange (FTSE) 250 Index.

 

In this in-depth guide you’ll learn:

 

• The Best Forex Brokers with FTSE 250 Index – a List
• What is the FTSE 250 Index and how to invest?
• Who are the best FTSE 250 brokers for Beginners?
• The Pros and Cons of FTSE 250 Forex Brokers
• Popular FAQs about the best FTSE brokers.
• Is it a good investment if you consider the 2025 forecast?

 

And much, MUCH more…

 

🔎Forex Broker	👉Open Account	⭐ FTSE 250 Index	💴 Min. Deposit
🥇 IG	👉 Click Here	✅Yes	None
🥈 Saxo	👉 Click Here	✅Yes	None
🥉 CMC Markets	👉 Click Here	✅Yes	None
🏅 Admirals	👉 Click Here	✅Yes	25 USD
🎖️ XTB	👉 Click Here	✅Yes	None

 

5 Best FTSE 250 Brokers (2025)

 

1. ☑️IG – Overall, the Best Forex Broker with the FTSE 250 Index.
2. ☑️Saxo – The Best Overall Offering and Proprietary Platforms.
3. ☑️CMC Markets – High User Trust Score and Client Support.
4. ☑️Admirals – Best Mobile and Online Trading Experience
5. ☑️XTB – Low-cost and fast execution platform.

 

 

1. IG

IG offers access to the FTSE 250 index. Traders can access and trade the FTSE 250 through IG’s trading platforms. The FTSE 250 is a popular index comprising the 250 largest companies on the London Stock Exchange, excluding those in the FTSE 100. IG provides various options for trading this index, including CFDs and spread betting.

 

🔎 Broker	🥇 IG
📌 Year Founded	1974
👤 Amount of Staff	2,000+
👥 Amount of Active Traders	300,000+
📍 Publicly Traded	✅Yes
🛡️Regulation	FCA, ASIC, CFTC, NFA, BaFin
🌎 Country of Regulation	UK, Australia, US, Germany
↪️ Account Segregation	✅Yes
🚨 Negative Balance Protection	✅Yes
⭐ Investor Protection Schemes	✅Yes
🅰️ Institutional Accounts	✅Yes
🅱️ Managed Accounts	None
💴 Minor Account Currencies	USD, EUR, GBP
💶 Minimum Deposit	$250
⏰ Average Deposit/Withdrawal Processing Time	1-3 business days
💷 Fund Withdrawal Fee	None
📈 Spreads from	0.6 pips
📉 Commissions	None
💰 Number of Base Currencies Supported	5
📊 Swap Fees	Applicable
⚙️ Leverage	Up to 1:30 (Retail)
🔖 Margin Requirements	Varies by asset
☪️ Islamic Account	✅Yes
🆓 Demo Account	✅Yes
⏲️ Order Execution Time	0.1 seconds
🖱️ VPS Hosting	✅Yes
✔️CFDs Total	17,000+
📌 CFD Stock Indices	80+
🍎 CFD Commodities	30+
📍 CFD Shares	12,000+
💴 Deposit Options	Bank Transfer, Credit/Debit Cards, PayPal, Skrill
💶 Withdrawal Options	Bank Transfer, Credit/Debit Cards, PayPal, Skrill
🖥️ Trading Platforms	MetaTrader 4, ProRealTime, L2 Dealer, IG Trading Platform
💻 OS Compatibility	Windows, MacOS, Android, iOS
📐 Forex Trading Tools	Economic calendar, Autochartist, Trading signals
🥰 Live Chat Availability	✅Yes
💌 Customer Support Email	✅Yes
☎️ Customer Support Contact Number	✅Yes
💙 Social Media Platforms	Facebook, Twitter, LinkedIn
✏️ Languages Supported	Multiple languages
📔 Forex Course	✅Yes
📚 Webinars	✅Yes
📒 Educational Resources	Articles, Videos, Tutorials
📑 Affiliate Program	✅Yes
🗃️ Amount of Partners	Not specified
🗄️ IB Program	✅Yes
📇 Notable Events or Teams	✅Yes
🪙 Rebate Program	✅Yes
💴 Cent or Micro Accounts	None
🚀Open an Account	👉 Click Here

 

 

Pros and Cons

 

✅ Pros	❌ Cons
Highly Regulated	Higher Spreads
Wide Range of Trading Instruments	Inactivity Fees
User-Friendly Platforms	Limited Account Types
Educational Resources	Complex Fee Structure
Advanced Trading Tools	No Cent or Micro Accounts
Multiple Deposit and Withdrawal Options	Withdrawal Fees on Certain Methods

 

Frequently Asked Questions

 

Does IG offer access to the FTSE 250 index?

IG provides access to the FTSE 250 index. Traders can trade the FTSE 250 through IG’s platforms, including CFDs and spread betting.

 

What trading options are available for the FTSE 250 with IG?

IG offers trading on the FTSE 250 via CFDs (Contracts for Difference) and spread betting, allowing you to speculate on the index’s price movements.

 

Can I trade the FTSE 250 on IG’s mobile app?

IG’s mobile app allows you to trade the FTSE 250 index, providing access to real-time quotes, charting tools, and trading functionalities on the go.

 

Are there any fees associated with trading the FTSE 250 on IG?

IG may charge spreads, commissions, or overnight financing fees depending on the trading product and account type.

 

 

Our Verdict

IG offers comprehensive access to the FTSE 250 index, providing trading opportunities through CFDs and spread betting.

 

 

2. Saxo Bank

Saxo Bank includes the FTSE 250 among the indices available for trading, typically through their trading platform and accounts. Moreover, Moreover, Saxo Bank offers a comprehensive range of trading tools and resources, allowing investors to analyze and trade various financial products efficiently.

Their platform supports advanced charting, real-time data, and various order types, enhancing the trading experience.

 

🔎 Broker	🥇 Saxo Bank
📌 Year Founded	1992
👤 Amount of Staff	Approximately 2,300 employees
🧾 Publicly Traded	Yes (Listed on the Copenhagen Stock Exchange)
🛡️ Regulation and Security	High
📍 Regulation	FSA, FCA
🌎 Country of Regulation	United Kingdom
↪️ Account Segregation	✅Yes
🚨 Negative Balance Protection	✅Yes
⭐ Investor Protection Schemes	Yes (FCA Compensation Scheme, Danish Investor Protection Scheme)
🅰️ Institutional Accounts	✅Yes
🅱️ Managed Accounts	✅Yes
💴 Minor Account Currencies	Multiple
💶 Minimum Deposit	None
⏰ Avg. Deposit Processing Time	Instant to 1 business day
⏲️ Avg. Withdrawal Processing Time	1 to 3 business days
💵 Fund Withdrawal Fee	Generally none, but fees may apply depending on the method
📈 Spreads From	From 0.4 pips (varies by instrument)
💷 Commissions	Variable, depending on the account type and instrument
💳 Number of Base Currencies Supported	30+
📉 Swap Fees	Variable, depending on the instrument and market conditions
📊 Leverage	Up to 1:200 (varies by account type and instrument)
💹 Margin Requirements	Varies by instrument and account type
☪️ Islamic Account	Yes
🆓Demo Account	Yes
⏲️ Order Execution Time	Typically under 1 second
🖱️ VPS Hosting	Available
📊 CFDs Total	6,000+
📉 CFD Stock Indices	✅Yes
🍎 CFD Commodities	✅Yes
📈 CFD Shares	✅Yes
🪙 Deposits and Withdrawals	Trusted Options
💴 Deposit Options	Bank transfer, credit/debit card, electronic wallets
💶 Withdrawal Options	Bank transfer, credit/debit card, electronic wallets
🖥️Trading Platforms and Tools	Desktop, Web, Mobile
💻 Trading Platforms	SaxoTraderGO, SaxoTraderPRO
📌 OS Compatibility	Windows, macOS, iOS, Android
⚙️ Forex Trading Tools	Advanced charting, technical indicators, trading signals
❤️Customer Support	Responsive
🥰 Live Chat Availability	Yes
💌 Support Email	Varies
☎️ Support Contact	+44 (0)207 151 2100
💙 Social Media Platforms	LinkedIn, Twitter, Facebook, Instagram
⏩Languages Supported	Multiple
▶️Educational Resources	Multiple
✏️ Forex Course	✅Yes
📔 Webinars	✅Yes
📚 Educational Resources	Comprehensive resources including articles, videos, and trading guides
📒 Partnerships and Programs	Multiple
🤝 Affiliate Program	Yes
🫶 IB Program	Yes
🫰🏻 Rebate Program	✅Yes
🅰️ Cent Accounts	None
🅱️ Micro Accounts	None
🥇 Suited to Beginners	✅Yes
🥈 Suited to Professionals	✅Yes
🥉 Suited to Active Traders	✅Yes
🏅 Suited to Scalpers	✅Yes
🎖️ Suited to Day Traders	✅Yes
🚀Open an Account	👉 Click Here

 

 

Pros and Cons

 

✅ Pros	❌ Cons
Regulated by multiple authorities	No cent accounts offered
Offers demo accounts for practice	Can be complex for beginners
Outstanding research	No 24/7 customer service
Easy to sign-up	No fractional shares

 

Frequently Asked Questions

 

What is Saxo Bank?

Saxo Bank is a Danish investment bank that offers online trading and investment services. Founded in 1992, it provides a range of financial services including forex trading, CFDs, stocks, and more.

 

Is Saxo Bank regulated?

Saxo Bank is regulated by several financial authorities. It is overseen by the Financial Conduct Authority (FCA) in the UK and the Danish Financial Supervisory Authority (DFSA) in Denmark.

 

Does Saxo Bank offer a demo account?

Saxo Bank offers a demo account for new and prospective traders to practice trading with virtual funds.

 

What kind of trading tools does Saxo Bank provide?

Saxo Bank provides advanced trading tools including technical indicators, charting tools, and trading signals.

 

 

Our Verdict

Saxo Bank offers a robust trading environment with strong regulatory oversight, advanced trading platforms, and a wide array of instruments. Its strengths include comprehensive market research, a range of account types, and reliable security measures.

 

 

3. CMC Markets

CMC Markets provides access to a wide range of global indices, including the FTSE 250, through their trading platform. This allows traders to speculate on the performance of mid-cap companies listed in the UK.

 

🔎 Broker	🥇 CMC Markets
📌 Year Founded	1989
👤 Amount of staff	800+
👥 Amount of active traders	60,000+
📍 Publicly Traded	✅Yes
🛡️ Regulation	FCA, IIROC, ASIC, FMA, MAS
🌎 Country of regulation	UK, Australia, Singapore, Canada
🔁 Account Segregation	✅Yes
✔️ Negative balance protection	✅Yes
⭐ Investor Protection Schemes	FSCS (UK) CIPF (Canada)
🅰️ Institutional Accounts	✅Yes
🅱️ Managed Accounts	None
🪙 Minor account currencies	USD, EUR, GBP, AUD
💰 Minimum Deposit	None
⏰ Average deposit/withdrawal processing time	Variable
💴 Fund Withdrawal Fee	No fees
🔖 Spreads from	0.7 pips on Forex
💶 Commissions	No commission on Forex and most CFDs
🏷️ Number of base currencies supported	10+
💵 Swap Fees	✅Yes
↪️ Leverage	Up to 1:500
⏩ Margin requirements	Varies by asset and region
☪️ Islamic account	✅Yes
🆓 Demo Account	✅Yes
⌛ Order Execution Time	0.1 seconds
🖥️ VPS Hosting	✅Yes
📈 CFDs Total	10,000+
📉 CFD Stock Indices	100+
🍎 CFD Commodities	20+
📊 CFD Shares	9,000+
💹 Deposit Options	Bank Transfer, Credit/Debit Cards, PayPal, Skrill, Neteller
💱 Withdrawal Options	Bank Transfer, Credit/Debit Cards, PayPal, Skrill, Neteller
💻 Trading Platforms	MetaTrader 4, MetaTrader 5, Next Generation, WebTrader
🖱️ OS Compatibility	Windows, macOS, Android, iOS
⚙️ Forex trading tools	Advanced charting, economic calendar, technical analysis tools, automated trading options
🥰 Live chat availability	✅Yes
💌 Customer Support Email address	✅Yes
☎️ Customer Support Contact Number	✅Yes
💙 Social media Platforms	Facebook, Twitter, LinkedIn, YouTube
⭐ Languages supported on Website	English, Spanish, German, French, Italian, Chinese, Japanese
✏️ Forex course	✅Yes
📔 Webinars	✅Yes
📚 Educational Resources	Video tutorials, articles, eBooks
📒 Partnerships and Programs	✅Yes
📑 Affiliate program	✅Yes
🗃️ Amount of partners	Over 500
🗄️ IB Program	✅Yes
📇 Sponsor any notable events or teams	None
🚩 Rebate program	✅Yes
💴 Cent or Micro Accounts	None
🚀Open an Account	👉 Click Here

 

 

Pros and Cons

 

✅ Pros	❌ Cons
Wide Range of Deposit Options	Potential Withdrawal Fees
Fast Withdrawal Processing	Currency Conversion Costs
No Deposit Fees	Limited Cryptocurrency Support
Regulated Broker	Minimum Withdrawal Amount may Apply
Comprehensive Trading Platforms	Limited educational resources when compared

 

Frequently Asked Questions

 

Does CMC Markets offer trading on the FTSE 250 index?

CMC Markets offers trading on the FTSE 250 index, allowing traders to speculate on the performance of mid-cap companies listed in the UK.

 

How can I trade the FTSE 250 index with CMC Markets?

You can trade the FTSE 250 index through CMC Markets’ trading platform by opening an account and accessing the index within their list of available instruments.

 

What are the key features of trading the FTSE 250 index with CMC Markets?

CMC Markets provides competitive spreads, advanced trading tools, and real-time market data for trading the FTSE 250 index.

 

Are there any specific fees for trading the FTSE 250 index with CMC Markets?

Fees may include spreads and potentially commissions, depending on your trading account type and trading activity. It’s best to check the specific fee structure on CMC Markets’ platform.

 

 

Our Verdict

CMC Markets provides comprehensive access to the FTSE 250 index, offering traders a valuable opportunity to engage with mid-cap UK stocks. The platform supports trading with competitive spreads, real-time data, and advanced trading tools, catering to both novice and experienced traders.

 

 

4. Admirals

Admirals do offer the FTSE 250 Index for trading. You can access it through their trading platforms, which include various indices along with other financial instruments like forex, stocks, and commodities. Moreover, Admirals provides competitive spreads and leverage options for trading the FTSE 250, and they offer a range of account types to suit different trading needs.

 

🔎 Broker	🥇 Admirals
💡 Prev. Known as	Admiral Markets
📌 Year Founded	2001
👤 Amount of staff	Approximately 500+
👥 Active traders	Over 200,000 active traders globally
📍 Publicly Traded	None
🛡️ Regulation and Security	High
⭐ Regulation	MiFID etc.
🌎 Country of regulation	Multiple Regions
🔃 Account Segregation	✅Yes
🚨 Negative balance protection	✅Yes
⚡ Investor Protection Schemes	FSCS (UK), ASIC (Australia)
🅰️ Institutional Accounts	✅Yes
🅱️ Managed Accounts	✅Yes
💴 Minor account currencies	Various
💶 Minimum Deposit	100 USD
⏱️ Avg. deposit processing time	1-2 business days
⏲️ Avg. Withdrawal processing time	1-3 business days
💵 Fund Withdrawal Fee	Generally free, but may vary by method
⚙️ Spreads from	0.5 pips
💷 Commissions	Varies, generally low cost depending on account type and product
🔟 Number of base currencies	50+
🔖 Swap Fees	Varies, depends on instrument and account type
🏷️ Leverage	Up to 1:500
📌 Margin requirements	Varies by instrument and leverage
☪️ Islamic account	✅Yes
🆓 Demo Account	✅Yes
⌚ Order Execution Time	Generally milliseconds to seconds depending on market conditions
🖥️ VPS Hosting	✅Yes
⭐ CFDs Total	3,000+
📊 CFD Stock Indices	✅Yes
🍎 CFD Commodities	✅Yes
📉 CFD Shares	✅Yes
💴 Deposits and Withdrawals	Trusted Options
💶 Deposit Options	Bank transfer, credit/debit cards, e-wallets
💵 Withdrawal Options	Bank transfer, credit/debit cards, e-wallets
⚙️ Trading Platforms and Tools	Desktop, Web, Mobile
🖥️ Trading Platforms	MetaTrader 4, MetaTrader 5, Admirals proprietary platform
💻 OS Compatibility	Windows, macOS, iOS, Android
🖱️ Forex trading tools	Technical analysis tools, trading signals, news feeds
🩷 Customer Support	Responsive
😊 Live chat availability	✅Yes
💌 Support Email	Varies per Region
☎️ Support Contact Number	Varies per Region
⭐ Social media Platforms	Facebook, Twitter, LinkedIn, YouTube
🔖 Languages supported	Multiple
✏️ Education and Research	Multiple
📔 Forex course	✅Yes
📚 Webinars	✅Yes
📒 Educational Resources	Articles, video tutorials, trading guides
🤝 Partnerships and Programs	Multiple
🫶 Affiliate program	✅Yes
🫰🏻 Amount of partners	Varies, includes numerous affiliates worldwide
📌 IB Program	✅Yes
🥰 Sponsor any notable events or teams	Yes, various trading events and industry conferences
💷 Rebate program	Yes
🅰️ Cent Accounts	None
🅱️ Micro Accounts	None
🥇 Suited to Beginners	✅Yes
🥈 Suited to Professionals	✅Yes
🥉 Suited to Active Traders	✅Yes
🏅 Suited to Scalpers	✅Yes
🎖️ Suited to Day Traders	✅Yes
🚀Open an Account	👉 Click Here

 

 

Pros and Cons

 

✅ Pros	❌ Cons
Admirals are well regulated in several regions globally	There is an inactivity fee charged
Admirals offer commission-free options	There are deposit and withdrawal fees charged
User-friendly platforms available across devices	Admin fees charged on the Islamic account
There is a wide range of tradable markets	There is only one account type that can be converted to an Islamic Account

 

Frequently Asked Questions

 

Does Admirals offer the FTSE 250 Index?

Yes, Admirals offers the FTSE 250 Index for trading through their platforms.

 

What is the minimum deposit required to start trading with Admirals?

The minimum deposit required is $100 (or equivalent in other currencies).

 

What trading platforms do Admirals support?

Admirals supports MetaTrader 4, MetaTrader 5, and their proprietary trading platform.

 

Does Admirals offer a demo account?

Admirals provides a demo account for users to practice trading with virtual funds.

 

 

Our Verdict

Admirals offers a comprehensive range of services and features for traders, including access to the FTSE 250 Index. With a minimum deposit requirement of $100, a demo account for practice, and robust customer support options, Admirals provides a solid foundation for both new and experienced traders.

 

 

5. XTB

XTB is a well-regulated and trusted broker that provides access to the FTSE 250 Index for trading. Moreover, XTB offers a comprehensive trading platform with advanced tools and features, including real-time market data, technical analysis, and educational resources to support traders.

 

🔎 Broker	🥇 XTB
📌 Year Founded	2002
👤 Amount of Staff	Approximately 2,000
👥 Amount of Active Traders	Over 500,000
📍 Publicly Traded	Warsaw Stock Exchange (WSE)
📈 Regulation	FCA, KNF, IFSC, CySEC
🌎 Country of Regulation	UK (FCA), Poland (KNF)
📉 Account Segregation	✅Yes
📊 Negative Balance Protection	✅Yes
💹 Investor Protection Schemes	✅Yes
🅰️ Institutional Accounts	✅Yes
🅱️ Managed Accounts	None
💰 Minor Account Currencies	Major, Minor
💴 Minimum Deposit	Varies by account type
⚡ Average Deposit/Withdrawal Processing Time	1-3 business days
💶 Fund Withdrawal Fee	None
📐 Spreads From	From 0.1 pips
💶 Commissions	Variable
💵 Number of Base Currencies Supported	30+
💷 Swap Fees	✅Yes
🔖 Leverage	Up to 1:500
🏷️ Margin Requirements	Varies
☪️ Islamic Account	✅Yes
🆓 Demo Account	✅Yes
🖇️ Order Execution Time	Milliseconds - Seconds
🖥️ VPS Hosting	Select accounts
📈 CFDs Total Offered	Over 2,000
📉 CFD Stock Indices	Major global indices
🍎 CFD Commodities	Oil, gold, etc.
📊 CFD Shares	✅Yes
💴 Deposit Options	Bank transfer, credit/debit, e-wallets, etc.
💶 Withdrawal Options	Bank transfer, credit/debit, e-wallets, etc.
🖱️ Trading Platforms	xStation 5
⭐ OS Compatibility	Windows, macOS, iOS, Android
⚙️ Forex Trading Tools	Charting tools, technical analysis
🥰 Live Chat Availability	✅Yes
☎️ Customer Support Contact Number	Varies by region
💙 Social Media Platforms	Twitter, Facebook, LinkedIn, Instagram
🚩 Languages Supported	Multiple languages
✏️ Forex Course	✅Yes
📔 Webinars	✅Yes
📚 Educational Resources	Articles, tutorials, etc.
🤝 Affiliate Program	✅Yes
🫶 Amount of Partners	Numerous global partners
🫰🏻 IB Program	✅Yes
🔖 Notable Events or Teams	✅Yes
🏷️ Rebate Program	✅Yes
🚀Open an Account	👉 Click Here

 

 

Pros and Cons

 

✅ Pros	❌ Cons
Negative balance protection	Limited managed account options
Islamic (swap-free) accounts available	Support response times may vary
Strong educational resources	VPS hosting for specific accounts only
Demo account available	Complex fee structure
Good customer support	Margin requirements can be high
No withdrawal fees	May have complex fee structure

 

Frequently Asked Questions

 

What trading platforms does XTB offer for trading the FTSE 250 Index?

XTB offers trading on its proprietary platform, xStation 5, which includes advanced charting tools and real-time data.

 

Are there any specific fees associated with trading the FTSE 250 Index on XTB?

Fees include spreads, which can vary based on market conditions, and may also include overnight financing costs. It’s best to check XTB’s fee schedule for the most accurate information.

 

Is there a demo account available for practicing FTSE 250 Index trading on XTB?

XTB offers a demo account that allows you to practice trading the FTSE 250 Index without financial risk.

 

Does XTB provide educational resources for trading the FTSE 250 Index?

XTB offers a range of educational resources, including webinars, tutorials, and market analysis to help you trade the FTSE 250 Index effectively.

 

 

Our Verdict

XTB is a well-regulated and reputable broker that provides access to the FTSE 250 Index, allowing traders to engage with this key market index. The broker offers a robust trading platform, xStation 5, along with competitive trading conditions, including leverage options and a demo account for practice.

 

 

What is the FTSE 250?

The FTSE 250 is a stock market index that represents the 250 largest companies listed on the London Stock Exchange (LSE) that are not included in the FTSE 100 Index. It is a key benchmark for mid-cap companies in the UK, providing insights into the performance of medium-sized firms that play a significant role in the economy but are smaller than those in the FTSE 100.

 

 

Conclusion

FTSE 250 brokers provide a gateway for investing in the dynamic mid-cap market. They offer essential services such as trade executions, market research, and advisory support for investors interested in this sector. By connecting investors with firms offering products across various industries, FTSE 250 brokers cater to a broad range of clients, from individual retail traders to large investment funds.

 

You might also like:

 

• IG Review
• Plus500 Review
• CMC Markets Review
• Admirals Review
• XTB Review

 

Frequently Asked Questions

 

What is the FTSE 250 UK?

The FTSE 250 is a stock market index that lists medium-cap companies in the UK. It provides a benchmark for traders to buy and sell shares of these mid-sized firms.

 

Who are the best brokers for trading the FTSE 250?

The brokers listed here are recognized as the top choices for trading the FTSE 250, offering competitive services and conditions for this index.

 

What are the FTSE 250 Brokers’ average commissions and fees?

The fees and commissions vary by broker. Many brokers offer trading conditions starting from 0-pip spreads and commissions as low as $3 per side or even lower.

 

Why do FTSE 250 brokers need to be regulated?

Regulation ensures that investors and traders operate in a fair, transparent, and secure environment, protecting them from fraud and malpractice.

 

How much do I need to start trading the FTSE 250?

You can begin trading the FTSE 250 with as little as $1, depending on the broker’s margin requirements.

 

How do I calculate forex trading costs?

To calculate trading costs, consider factors such as minimum deposit, spread, commissions, overnight fees, and any additional charges. Ensure to compare these costs with the amount of capital you have available for trading and keep some funds reserved for potential losses.

 

Are FTSE 250 trading systems effective?

The effectiveness of trading systems depends on their design and the prevailing market conditions. A good trading system must be tested and back-tested against various market scenarios to determine its reliability.