Researchers in Traders Union are people who analyze various trading strategies for website’s users. Their task is to find out which is the best one. There is also plenty of information on the website about different brokers and trading platforms. Moreover, Traders Union has a blacklist of brokers who operate illegally, steal users’ personal data and money.
What is Traders Union?
Traders Union is the best web resource for beginners. Here novice traders can find:
- Evaluation of brokerage companies, and compilation of broker ratings
- Financial markets news
- Educational materials and reviews of trading strategies
Traders Union analysts offer ratings of stockbrokers, binary brokers, Forex brokers, and cryptocurrency exchanges. The ratings are regularly updated to offer only up-to-date information. The ratings are based on a TU methodology. There are over 100 criteria which include:
- Passive income options
- License and regulation
- Educational materials
- Deposit/withdrawal
- Analytical materials on trading and investing
- Fees
Compensation paid by Traders Union
TU users also receive up to 80% compensation for a part of the spread paid to brokers. To get a rebate users must do several simple steps:
- Register on the website
- Sign up on a brokerage website using TU referral link
- Fund their account
- Start trading
Traders Union: reviews about brokers
Before beginners start trading on a broker’s website, they should find out which company is reliable and trustworthy. According to experts’ review, there is a list of brokers which are easy and safe to trade with. Reviews are one of the main tools used to determine a reliable Forex broker. Trading conditions, instruments, terminal capabilities, and available investment programs are all crucial in the evaluation process. But no general information or statistical data can replace the real assessment of the broker’s work by real traders. The reviewing traders are not necessarily experts or specialists but they are clients who are working directly with the broker, and who can speak from personal experience.
The problem is that brokers often delete negative reviews from their websites. The only solution is to check the reviews posted on the Traders Union website. Reviews shown there are fair and all brokers with a lot of negative reviews are blacklisted. Only genuine reviews are published here because Traders Union experts verify each review according to several objective criteria to determine their authenticity.
How to properly analyze Forex brokerage reviews
There are several criteria how to analyze reviews:
- Slang is not understandable for everyone. Real traders use only language that is easy to understand.
- Real traders do not write emotional or strong-worded reviews.
- The signs of a suspicious broker are only positive reviews and one only mildly negative review.
- Moments described. The information in reviews must be specific. All issues must be described in detail. Words like “everything is great” are a sign that a review can be fraudulently composed.
- The ratio. Reviews should not be too complimentary or too critical. Real brokers fairly describe negative and positive aspects.
Signs of fake Forex reviews
Sometimes Forex brokers pay copywriters or their employees to write positive reviews. There are some criteria how to recognize a fraudulent review:
- No specifics. For example, fake reviews include general phrases like “good customer support”, “no problems with withdrawal” etc. The real reviews include numbers, dates and possible specific issues.
- Baseless arguments. For example, a person can say they have been working with the broker for a long time and recommend it to everyone. But the time a person works with a broker has nothing to do with its quality.
- Traders can communicate like that but it is not how they write reviews. Real traders use only understandable words.
To sum up, the task of Traders Union is to save traders’ time and money. The company wants users to trade safely and be aware of scammers and fake information.
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