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Brokerchooser is a fraud company which scams unaware observers on daily basis, the fraud scheme works this way: for example your heard about some broker company from friends, which they use and like, you decide to search in google about this company to get familiar with it in order to join, in search you come across a website with a catchy name "brokerchooser" and a title of the material that they have containing your broker name, for example brokerA trusted or scam, safe of scam, something like that, you enter the website, you read some kind of misleading information about the company and through the article you will notice their offers to join some of their "trusted" companies, which are not, they are making you to choose scam companies that they promote instead of the one you wanted to join, if you click any link of such companies you will notice that each link has a lot of other words/number behind simple domain name, that's affiliate link, through which you get scammed once you register and deposit your money, all your loses are earned by them. The scheme is old and simple and unfortunately it works, you need to make everyone aware about this, need to stop scam websites like this who rob people daily and pretend to be your helper.
Further I give you one of many examples that are publicly available in the interned (check screenshots), I chosen etoro one of their trusted brokers, if I click on etoro I will be redirected on their website, you can see on second screenshot affiliate link, through which brokerchooser earns from your loses, on screenshot 3, 4, 5 I show you how much people lose there and how it's sued in different countries, company pays millions USD in fines for illegal and fraud activity, and this is what brokerchooser offers you, and it's just 1 company, you can find everything about any company, but this is not brokerchooser wants, they want you blindly click the affiliate link they share and get scammed.
P.S.
I revealed their scam on trustpilot (screenshot 6), but it was taken down because brokerchooser is very sensitive when their scam is revealed, trustpilot checking system is very weak, I will leave my reviews everywhere so that people will know what kind of scam it is. And more they report, the more I expose them and their shady business.
If someone was scammed because of them, if someone business was defamed on their website, you need to write a review about them, so that others will see their true color
Date of experience: January 5, 2025
Hello L D,
Thank you for taking the time to share your concerns. While we appreciate all feedback, we would like to clarify several points that we believe have been misunderstood or misrepresented:
1. Partnering Only with Regulated Brokers
We work exclusively with brokers that are fully regulated by reputable financial authorities. We carefully research, test, and invest our own money with these brokers in order to evaluate their platforms and services. We do not promote or partner with brokers we consider unsafe.
2. Affiliate Model Transparency
Yes, we use affiliate links. This is a standard, widely accepted method throughout many industries (travel, retail, financial reviews, and more). An affiliate link simply means we may receive a commission if a visitor chooses to open an account through our site. This does not affect the fees or costs for the user, nor does it incentivize us to promote “bad” brokers. On the contrary, it is in our best interest to focus on high-quality, trustworthy partners so we maintain our credibility.
3. Fighting Scam Brokers
We spend considerable resources identifying scam brokers and raising awareness about them. We often publish warnings to highlight red flags and help our readers make safer choices. We absolutely do not want anyone to lose money to fraudulent companies. We dedicated hundreds of thousands of resources for this, starting at https://brokerchooser.com/safety
4. Our Independence and Objective Reviews
Our team performs in-depth analyses, fact-checking, and hands-on testing before we label a broker as “trusted” or recommend it. We uphold strict editorial guidelines to ensure our readers receive the most accurate, transparent information possible. You can read more about our methodology at https://brokerchooser.com/methodology
5. Working to Improve
We are sorry you feel that our content misled you. If there are any specific inaccuracies you believe we should address, we encourage you to share them so we can investigate and, if needed, correct them. We have no interest in silencing valid critique; in fact, we welcome honest feedback as it helps us serve our users better.
We hope this clarifies how we operate. We strive to provide transparent, carefully researched information to help people choose the right broker for their needs. If you have additional questions or specific concerns, feel free to reach out directly—we remain committed to honest dialogue.
If you find our explanation satisfactory, we kindly ask you to reconsider your review. We appreciate the chance to clarify and look forward to positively resolving any misunderstandings.
Kind regards,
BrokerChooser Team