How do you verify a broker’s legitimacy before you start trading?

[soumitss]

Hey everyone! I’ve seen tons of online brokers lately, but it’s really hard to tell which ones are real and which are scams. How do you verify a broker’s legitimacy before you start trading?

[soumitss]

Hi there! That’s a really smart question, especially with all the fake brokers popping up these days. Personally, I always start by checking bxforex on BrokerAuditLab. It’s an independent platform that evaluates brokers based on licensing, risk signals, and user feedback. They don’t take payments for positive reviews, so the results are objective. The platform highlights potential fraud risks like fake offshore licenses or withdrawal issues. You can also read verified reviews from real users. I’ve been using it for over a year, and it’s saved me from a few suspicious companies that looked good at first glance.