Trusted broker reviews are definitely worth the weight in gold. The main goal that broker reviews pursue is to deliver the honest and relevant information about various brokerages. The majority of such websites combine reviewing brokers with different affiliate programs. There is no problem at this point if this does not affect the transparency of the information given. However, distinguishing trusted reviews from biased ones can be a challenging task. Hence, we would like to provide some tips which may help you identify honest broker reviews.
First of all, reviews describe the broker from all angles, not avoiding the possible downsides. Genuine reviews tend to provide accurate information about the regulation, fees, commissions and unresolved issues. There is one feature that untrusted reviews have in common, i.e. the website displays a huge list of broker reviews. In such a way, the website expects the user to click on one of them. These reviews are mostly short and will not tell the whole truth. As the part of the affiliate scheme, dishonest broker reviews usually leave the link to the broker’s website or the web banner. Performing affiliate programs is okay, but the user should be informed about this in the