Fundamentally, there are many ways to screen out the right one from a long list of Forex brokers。You can check each broker's website to learn about the services they offer, or get recommendations from other sources that write full reviews about certain forex brokers。Although the comments are completely subjective, they are useful for understanding the overall performance of the broker。

However, some sites may be affiliated with certain brokers, so their reviews are highly biased and the ultimate goal is to allow readers to open an account with their recommended broker。Such sites will even further provide false information to make their affiliated brokers more attractive。These types of reviews are very unreliable and can be considered fake reviews, which begs the question: is there any way to identify fake broker reviews?？

Yes, there are ways to identify fake broker reviews, as follows:

1.Make sure your website is trustworthy

2.Check the link of the commentator

3.View user reviews

4.View Forum Members

5.Finding Balanced Comments

Details are as follows:

1.Make sure the website is legitimate

There are now many websites that claim to offer legitimate forex broker reviews。While some of them are truthful and committed to providing reliable information, others are not as they say they are.。

These fake websites will lure traders to read fake promotional materials about brokers。While this kind of promotion is not illegal, it does not give a real answer to traders who want to know about real forex broker reviews。

These propaganda sites are actually easy to identify。You can distinguish these false information by looking at the website carefully.。

If the first thing you see after entering the site is a large list of Forex broker reviews, then you should be cautious, because the sole purpose of the site may be just to earn affiliate money, not to follow the latest news。

Instead, what you want to see is a comprehensive overview of the Forex industry, including news and educational resources。In these news, you may find a forum dedicated to forex brokers。

But if the main thing they offer is a rated list of brokers, then this is likely to be a list of brokers who pay to put them on it。

2.View links to commentators

Once you have found the review page, try clicking on one of the links provided and go to the official page of the broker。If you see "landingID = 3," "ref = fxsite" or something similar at the end of the link, then you can be sure that this is an affiliate link。

This means that the broker's commentator gets paid for referring clients to the broker's website, or the commentator gets paid for writing reviews about the broker's services。

Like the promotion sites we talked about earlier, paid commentators are not illegal。In fact, this situation is very common。Many business owners use paid commentators to spread their brand awareness and gain more customers, but the problem comes when they hide that detail because it's considered unethical。

If money is involved in the process, it is difficult to determine whether the comments are true or just to improve the broker's reputation。Therefore, in this case, the website owner should state the affiliated transaction so that the trader can judge for himself whether the broker is still worth a try。

3.View user reviews

Based on the two issues discussed above, we know that transparency is the key to true commentary.。If the site offers the option to add your own comment in the comments, then this is a good indicator of transparency。

See if the comment area is active and if anyone else is discussing the broker, so you know that readers can also participate and express their opinions。

If you are not sure yet, you can try this feature and add a comment yourself。See if your review actually shows up on the site or if it's been put on hold for a long time waiting to be reviewed。

In some cases, comments are posted immediately, but then removed because they are negative or too harsh.。Such a website seems transparent, but it is not.。

In addition, you can carefully read the comments left on the site。Does it sound authentic, does it express someone's true opinion, or is it just a well-written PR statement？

4.View Forum Members

To ensure that the people who comment on the site are legitimate real people and not publicists associated with the broker or site owner, you can check out the members of the forum。

Some members will comment and then add a recommendation for a forex broker at the end。Even without an affiliate link, it is possible that he has some kind of connection with the broker。

If he officially states that he represents the broker, then you can judge for yourself。But if he's not, you might as well take a look at the other comments he left on the forum。

If he regularly participates in the forum and actively posts about his experience on other posts, then he may be authentic。But if he's talking about all the positives of the broker and he seems to be overpromoting the broker a bit, you'd better not take his word for it。

5.Balanced reviews are key

When we talk about measuring the reliability of review sites, a balance between searching for positive and negative reviews can be helpful。It is almost impossible for commercial websites and paid reviewers to mention negative reviews about brokers。

While true reviewers can also leave positive reviews praising the broker's service, they will clearly explain why, not just how good the broker is, and perhaps add some flaws that remain despite the broker's other quality services。

Keep in mind that a negative result in a review does not necessarily mean that the broker is unsafe or bad。It reflects the reality of the services offered by Forex brokers; traders need to weigh carefully, trade-offs。

In fact, showing only the positives of a broker is unrealistic and can seem dangerous because that's exactly what scammers will definitely do in order to attract customers。

Be cautious when browsing user reviews

It can be tiresome to go through a bunch of comments and user reviews, especially knowing that there can be a lot of unreliable and subjective statements。

It can be difficult to distinguish whether a negative review is based on something serious or just the result of a disgruntled trader。This is where subjectivity comes into play。Some problems may seem serious but are not, in fact, serious, or may be the trader's own fault rather than the broker's。

For example, complaints about difficulty in withdrawing money are often seen as one of the characteristics of a scam broker。While this may be true in some cases, in fact, there are multiple reasons why a broker may even reject a withdrawal request。

Even legitimate brokers will do so if the conditions are not met。That's why you should be able to tell the real negative from the unreliable comments。

The easiest way is to look at most of the comments。If more people complain about a broker's service than praise it, then this is likely to be true。

But if there are only one or two negative comments, then you should double-check the veracity of these claims。

Another problem is that while this information may come from the real experience of people who actually trade with a broker, some other information may be written by paid commentators or people who simply want to promote or spread hatred of a particular broker.。

In summary, it is safer to understand that user reviews are not the only determinants of a good broker。Before considering the comments of other traders, you must also check some other aspects。In addition, it can be helpful if you get a recommendation from a broker from someone you trust or a more experienced trader。

Deciding which broker to choose is a challenging task, especially for new traders。After you visit the broker website and learn about the services they offer, it is best to also check the reviews, which can be reviews on specialized websites or reviews of other traders registered with the broker。

Pay attention to the details though and try to practice the above advice to exclude fake broker reviews from real broker reviews。Even if you get a seemingly good referral, you should try a forex demo account for a while before depositing funds with a forex broker。