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Unpopular opinion: most online broker reviews are just paid ads in disguise
I lost $400 on a bad trade after following a glowing review on Reddit last March, only to find out the broker had a hidden withdrawal fee and the reviewer was a shill, so now I cross-check every review against BBB complaints and trustpilot before depositing a dime, what red flags do you look for to spot fake reviews?
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dylan26523d agoMost Upvoted
Watched a buddy fall for this exact thing last year with a crypto broker. @emerymoore, the giveaway for him was the reviewer had zero other posts about actual trading, just links to that one site, and when he asked a basic question about spreads in the comments the guy ghosted. Then he checked the broker's Trustpilot and saw a bunch of 5-star reviews all posted on the same day, all with the same broken English phrasing. Ended up losing $200 on a withdrawal fee that was buried in page 8 of their terms.
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emerymoore24d ago
You said "the reviewer was a shill" and that's exactly what gets me... how did you finally figure out they were a shill? Like was it the way they only posted about that one broker, or did they have super polished photos with no real trading screenshots? I had a guy on Twitter raving about this offshore forex broker, turned out his whole account was just affiliate links and zero trade history... what was the final clue for you?
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