If you are looking for honest Forex brokers reviews, we know the right place for you. Meet aretheylegit.com!
If you want to find a new Forex broker, you probably did some research already. We assume you are amazed with the list you got in your browser. There are so many of them and they are all fighting to get your attention. But how can you know which one to choose? Well, you cannot do that all by yourself, especially not if you are a beginner. So, the only advice we can give you is to look for a website that contains reviews about Forex brokers.
Websites like those can give you all the necessary information and help you decide whether you want to trade with a specific broker or not. Needless to say, you have to find a trustworthy website that has honest reviews, and today we will explain to you how to do that.
How to find proper Forex broker review?
First of all, you need to know there is a difference between a Forex review and a forum. Yes, they are all written for one purpose — to make things easier for readers, but there is also one big difference. In forums, you will find different experiences from people. They are all very short, just a few sentences and they will tell you what is good and what’s bad about a broker. They are a very valid source of information, but you need to be careful. Sometimes, clients are just frustrated due to one misunderstanding with a broker. For example, they didn’t read the terms and conditions page properly, now they need to pay an additional fee, so they might write some negative things out of anger. So, you should read them but never take them too seriously, especially if something doesn’t feel right to you.
On the other hand, reviews are in-depth. Within just one article you can find every single information about a broker. From account types to deposit and withdrawal methods, usually, one review contains all of that. And how can you find a proper review? Well, that won’t be hard! The first thing you have to look at is the optimal length of a review. You cannot expect to get informed if someone wrote just 200 words. Everyone has to give a certain dose of effort to inspect everything and pass that onto readers. So, keep in mind that when you find something about your desired broker.
Also, it’s very important to look for proper information. Nobody needs ten paragraphs about a design. This is something that depends on personal preferences and if you don’t like it it doesn’t mean it’s bad. But things like commissions, trading conditions or education need to be mentioned in one review. Each person has to know whether there are some hidden fees if you will get enough learning material to improve your skills and so on
Lastly, look for a trustworthy website where you will find both positive and negative reviews. This means they are not afraid to speak up and tell you if something is problematic about a broker. And as a potential client, you want to know every detail. Unfortunately, we cannot recommend you many websites like this, but there is one that stood out from the crowd and for us, it’s the best forex review site you can find online. We are talking about Are They Legit, a website that contains so much information about different brokers that we spend hours and hours reading it.
What makes Aretheylegit.com different?
Are They Legit is a website that has a unique review structure. It’s the same for each article they write, which is great, and it contains every important segment about a broker’s business. They will start with an introduction, to familiarize readers with the broker. In this part, you will find out more about the year of funding and company goals. We like this part a lot because here you can see what to expect. For example, if a broker wants to offer a unique trading experience, it means we will have a custom-tailored solution and advanced technology.
After that, the review will continue with the quality of service. This might be the most important part of the article, because it reflects on the trading platform, account types, responsiveness, etc. So, after reading it you will know for sure if those conditions are the ones for you or not. Also, you will see whether the platform suits your preferences. After all, you will be spending a lot of time on that page and you need to find a broker who completely fits your taste.
The next segment talks about customer service. Whether it is responsive, polite and knowledgeable. Nowadays, the selection of brokers is so big that you don’t have to spend a single second on someone who is not ready to provide you with excellent support. People form Are They Legit will even send a message to check the responsiveness and see whether a broker provides a proper answer or not. This way, you will know exactly what to expect.
If you continue reading, the next paragraph will be all about deposits and withdrawals. From transaction speed to transaction methods. Every detail is listed and checked twice. Also, they will read the whole terms and conditions page for you and write every commission you need to pay. This way, you will know if a broker is prone to hidden fees or not. Someone is literally doing the whole job for us and that’s why we believe this is the best forex review site out there.
After all of that, the list continues with regulation. Each trader knows that the license is equally important as any other part of the business. We do not say it’s an absolute must to have it, but you certainly want to pay attention to it. What we like the most here is that in each review they will warn you if you should be concerned about a license or not. Sometimes brokers won’t have a license, but the conditions are so good that it’s a shame to miss the opportunity. That’s exactly what you will find out here and we appreciate their effort.
Of course, in each review, you will see whether a broker offers proper education or not. This is important if you want to trade and learn at the same time, so don’t forget to check that segment, too.
Before you open an account and make a deposit somewhere, the best thing you can do is find every information about that broker. It’s totally up to you to see where you want to look for details, but if you are not sure who will provide the best information, simply go to aretherylegit.com and start reading from the beginning.