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Broker Reviews

Broker reviews play a pivotal role for traders seeking to find a reliable intermediary to access the Forex market. However, discerning authentic information from misleading noise is of paramount importance in this process. 

A Guide for Traders in Choosing a Forex Intermediary

Feedback on broker websites serves as a tool for reputation management, capable of shaping or distorting the perception of brokers beyond reality. The influx of unreliable information is often exacerbated by novice traders who, due to their limited understanding of trading, share opinions that seldom reflect the truth. 

Deciphering genuine insights about the top brokers in Russia through reviews can be a challenging endeavor. Not all that is written can be taken at face value. Hence, each trader must adopt the rule of thumb: upon encountering information about a broker, verify its authenticity before accepting it as fact. 

Ordered customer reviews about brokers and the art of spotting them: Who is behind the creation of fake reviews about brokers? 

These fraudulent reviews typically fall into two categories: 

  • Legitimate brokers operating legally but offering less favorable trading conditions. 
  • Scammers looking for a quick score. Most Forex scams avoid sustained presence; they would rather establish a new website to perpetuate their schemes afresh. 

So, how can one differentiate genuine client reviews from mere manipulation? The key lies in attentive reading. Four telltale signs point to reviews being orchestrated: 

  • Lack of specific information: Authors lavish praise upon brokers without citing concrete figures or data, often accompanied by an excessive display of emotions. 
  • Overly formal author identity: If you come across reviews extolling the virtues of the best broker, attributed to individuals with full names like Igor Ivanovich Ivanov or Irina Vladislavovna Komarova, it’s almost a guarantee that they are not authentic. Genuine reviewers opt for pseudonyms. 
  • Unrealistic profit claims: Beware of reviews boasting of monthly million-dollar earnings or double-digit daily profits. Such claims are indicative of falsehoods. Real trading is arduous and meticulous, and it doesn’t yield exorbitant profits as claimed by these reviewers. 
  • Multiple positive reviews in a short timeframe: If numerous reviews suddenly appear on the same day, they are likely fabricated. This holds true, especially when these reviews surface immediately after negative ones. It’s an attempt to counterbalance the cascade of criticism. 

To ensure that trading reaps profits, it’s crucial to be adept at identifying genuine broker reviews. Broker websites are not the place to look; they filter out criticism and moderate only positive comments, frequently devoid of any real-world correlation. 

One should be skeptical of platforms that unequivocally favor certain Forex brokers while disparaging others. Such platforms lack objectivity and can lead traders astray. 

So, how does one gauge the best broker in Russia based on reviews? Genuine insights can be gleaned from: 

  • Independent platforms where real clients share their opinions. 
  • Trading-focused forums where counterfeit reviews are quickly debunked in the comments. 

Keep in mind that both positive (complimentary toward scammers) and negative reviews (harsh criticism) can be manipulated. Even the best broker in Russia might receive adverse reviews orchestrated by competitors resorting to underhanded tactics. 

Real broker reviews in 2023 come from both novices and experts. What distinguishes them?

Trading is a complex endeavor requiring an array of skills and hard work. The “kitchen” of deception around Forex often portrays it as an easy path to profits, enticing thousands of unprepared individuals who ultimately end up with losses. 

Those who stumble upon adversity in trading often write reviews, cautioning that Forex is a scam, and the broker they dealt with is a fraud. 

Disheartened newcomers often fail to acknowledge their own mistakes and instead blame the broker or the market for their losses. Their reviews should not be taken seriously, as they lack the objectivity needed to provide a fair assessment. 

Important note: Exceptions do exist. If a review warns that a certain Forex broker is preventing withdrawals, it’s likely written by a victim of a scam. This information should be given more credence than complaints about a seemingly unprofitable broker who supposedly hindered one’s path to riches. Issues with withdrawals are a clear red flag for fraud. 

It’s crucial to recognize that professional traders rarely share their opinions online. Yet, their reviews are invaluable in identifying the best brokers in Russia or anywhere else. They focus on practical matters: 

  • Trading conditions 
  • Asset offerings 
  • Execution speed 
  • Slippage frequency 

Sometimes, these professionals might recommend their own brokers, but they never claim that one broker suits everyone. 

In conclusion, honest broker reviews serve as a guide in choosing a suitable intermediary. To ensure a well-informed decision, evaluate comprehensively. Scrutinize documents, company history, trading conditions, open a demo account, and test trading positions. This approach will allow you to make an informed judgment on whether to embark on this trading journey.

All brokers with reviews
Smart rVid

Yura

My brothers, I’m unlucky, I always end up scammed like this. What doesn’t save me is the fact that they are tailor-made. Don't do like me or you won't make any money. Don't mess with Smart rVid.

R-Ber inc

Arkady

I was an idiot and thought that this was a normal broker with whom I could make good money if I didn’t take too much risk, plus they promised me consultations so that I would feel confident. Therefore, I opened an account with $1000 at once to get wider leverage and better conditions. It turned out that there is nothing good there; the spreads are very wide, and at the moment of transactions there are hidden commissions that turn the profit into dust. In the end, I got tired and I submitted a withdrawal; it turned out that they were not going to give me the money until I paid the insurance of $500. Of course, I refused and they immediately gave me a ban.

Xen Link

Vladislav

This is a very bad broker and you can’t trust him, he lures you in, I know from experience. He started calling me about a week ago and actively forced me to open an account with him, and this continued for 2 days until I agreed. They immediately demanded insurance fees from me, I refused to pay them and received an account ban, that is, the scammers simply stole my money for themselves and did not give anything back. I already contacted the prosecutor’s office and they said that these swindlers are sitting somewhere in another country.

DeltasCrypto

Grisha

The last time I trust a broker from the Internet is simply no good anymore. If others were simply cutting off my profit, this particular idiot didn’t even want to return the deposit. Not only did he constantly put a spoke in the wheels with his jumps in spreads, but then he also canceled withdrawal requests one after another without explaining the reasons. I tried to contact them in different ways, but apparently they no longer need what they have, they have already gotten through the roof.

Fastbrokersolutions

Andrey

I was seduced by registration in three countries and a solid website, everything at first glance looks very convincing. Therefore, I topped up the deposit. I was hoping to make good money, but it turned out that I donated my earned money to the afirists. When he received the first thousand from me, he immediately wanted more and began persuading me to give him more, without giving any objective reasons. They just demanded and that’s all, I naturally refused and put everything on the line, but I failed to take anything away.

Bomad Investments

Arthur

I never managed to register even though I was really excited about it. I was very interested in what this swindler was offering there. As I understand it, the promo code is given only to those who are definitely ready for a replenishment. I just spilled it and lost my memory.

IO-T BizSoft

Anton

A very bad broker assumes that he cannot be trusted because all he can do is steal other people's money. There are a lot of such scammers on the Internet, and I was caught by IO-T BizSoft because they found me somewhere, took a phone number and started calling me. Even then I should have guessed that this was a scam, but I believed in the fairy tales they told me and gave 1000 bucks for the opportunity to earn normal money. At first, they wrote off incomprehensible commissions from me, then they blocked the account and began to knock out insurance, while it was of no use to me, and they did not compensate for losses on transactions. I refused and my account was simply deleted and the creatures did not return anything to me.

RelatedInvest

Sergey

At first I had to suffer to get the damn promo code, because I was wondering what they were hiding there. Only the swindler immediately began to sit on my ears and demand money beyond my limits without objective reasons. Then I thought that he doesn’t have a damn thing, well, there’s a license, registration, even a lousy office. He just brazenly demands money and thinks he’ll get a ride, but it didn’t work out with me.

BisturkCorp

Egor

The broker is clearly non-Turkish, they talk too well in Russian, you can listen and give all the money. That’s what happened to me, the scammers first tricked me into giving me 300 bucks and then persuaded me to give another 700. Everyone promised that the trade would be better and more profitable, and when I said that I wouldn’t give anything anymore, they lost money one after another. Before I could blink, the entire deposit disappeared in an unknown direction. These are scammers, I give 100%.

Nordic CT

Alex

The Nordic CT website is very suspicious; I haven’t found any evidence there that he is a legal character. The fact that he refers to some kind of English bank doesn’t mean anything to me personally. Because the bank is not aware of this garbage dump, which means it was scamming us in front of us, and it was very arrogant. He uses a big name to throw away really large sums of money, which costs only 10k euros, the minimum wage, to ask for that much you need to be a very arrogant scammer.

Online Legacy Trades

Oleg

I fell for this scam as the last kid, in short, they talked me into opening an account because they promised me profitable trading, and passive trading, like I didn’t even have to do anything. In short, everything turned out to be so simple. When I connected the simplest tariff, well, the one that for a week everything was fine, my robot traded and the profit grew. But when this week passed, they demanded more money from me, like so that the adviser would continue to plow, they said I needed to immediately throw in a thousand and then everything would be fine. And I decided to withdraw the profit and throw it back, but nothing happened; my application was cancelled. I was told that I had to pay a commission, then it dawned on me that this was a scam.

ProIncome

Egor

ProIncome is a completely fake broker and cannot be trusted, and I learned this the hard way. I opened a deposit with this asshole because I hoped for fair trading without any deception. And at first everything was just fine, the deposit grew by leaps and bounds, the managers constantly helped. At some point I wanted to withdraw some of the funds, but that was not the case, my brothers told me no, I need to work off the bonuses that this dragon imposed on me, and when I spoke about it openly, they simply blocked me. I demanded that at least my deposit be returned, but they just laughed at me.

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