How to know that a Forex Broker Review is Genuine

How will you know that a forex broker review is genuine? You can start by taking a look at a website that publishes broker reviews. If the website deals with forex news and highlights a large list of forex broker reviews, it is best to go over those reviews with care. The motive of that website is to make money on the affiliation and not necessarily to provide updated information on forex brokers creating a big question mark on the authenticity of the reviews.
You will find quite a number of reviews on the web when you are on the lookout for a forex broker. Not all the reviews are going to be genuine. There are ways to make out the useless reviews from the good ones. There are many sites that kind of specialize in a forex broker review. There is much talk about brokers in the trading forums. Most of the information is from actual experience of people that have used the services of a broker. But, some reviews are backed with vested interests in promoting a particular broker. The hidden agenda of promoting a broker is fine as long as it does not harm you by being dishonest.
Sometimes, the reviewer gets paid for referring the clients to the broker. It may be ethical to get paid for referrals but concealing the fact that the reviewer is getting paid for the service is not proper. It is the duty of the publishers to mention about the affiliation. The readers, at least, will be able to judge for themselves if the broker review is genuine or not when they have an idea about this affiliation.
If a website allows you to comment on the broker review, it is a sign of being open about the coverage. Once you write your comments on the review, you may check if your comments are really appearing on the site or if they are being held back. In some cases, readers' comments are posted automatically but are deleted later conveniently. Such sites may be honest on the surface but they may actually not be genuine.
A forum member may post a reply with a recommendation about a forex broker without even an affiliate link. But he may actually be associated with the broker. If he represents the broker officially, it is like an open disclosure and you will be able to judge him easily. It is still better that you check out thoroughly on what he has written on the forum. He could be reliable if he is a regular member of the forum, but if his main motive is to promote the same broker, then you do not have to bank on his word.
You can always figure out that a positive broker review is a fake one when you find the highest rating being accorded all the time to a particular broker. It is not possible for a broker to be totally perfect. If a broker review is brief and not making much sense, it is better to read such a broker review and not give much importance to it.

Related articles:

What do you have to do to become a forex broker? (2011-08-25) What makes a good Forex Broker? (2011-08-23) The Benefits of using a Forex Broker Review (2011-08-21) Selecting a Forex Broker (2011-08-20) Ways to see that a Forex Broker Review is not a fake one (2011-08-19)

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