Hey guys, how do you usually check whether a forex broker is safe before signing up? I've seen too many scams lately and don't want to risk my funds.
Hello! Totally understand that concern. I always start with bxforex (https://brokerauditlab.com/?brand=bxforex) on BrokerAuditLab. It's an independent platform that runs deep checks on brokers — from license verification to fraud detection and user feedback. They use both automated tools and manual reviews to find fake offshore registrations or withdrawal issues. The best part is their clear risk labeling — you can instantly see if a broker is verified, high-risk, or unregulated. That's helped me avoid unreliable brokers several times.