Welcome to our reliable broker checker tool that allows you to verify the legitimacy of brokers across forex trading, stock trading, commodities trading, and cryptocurrency trading. Our tool helps you assess whether an online trading platform is trustworthy or potentially a scam, empowering you to make informed decisions before investing.

Broker Checker Fraud Statistics

Fraud is rising at an alarming rate, and if swift action isn’t taken, the world could soon be at the mercy of increasingly sophisticated scammers. This surge threatens to strain law enforcement resources, leaving more people than ever financially devastated or exposed to scammers.

In the United States alone, the Federal Trade Commission (FTC) reported that online investment-related scams led to over $10 billion in losses in 2023—a sharp rise from previous years, including 2022, when losses were just over $3.8 billion.

Recently released FTC data shows that Americans reported more than $10 billion in fraud losses in 2023, marking the first time this figure has reached such heights. This represents a 14% increase in reported losses compared to 2022.

Specifically, Americans lost more money to online investment scams (over $4.6 billion) than to any other category of fraud.

To help combat fraud and online scams, our Scamreader broker checker tool offers the following services:

1. Broker Reviews

We provide reviews of financial brokers and online trading platforms, covering both legitimate and scam brokers. Each broker review is independent, unbiased, comprehensive and intended to help you make informed decisions when it comes to investing in online trading. 

2. A Reliable Broker Checker Tool

Use our broker integrity checker tool to verify if a broker or trading platform is legitimate or a potential scam. To use the tool:

• Click the blue search icon at the top-right corner of this page.
• Type in the broker or platform’s name.
• Click “Search.”
• Read the review that appears to check the broker’s or platform’s reputation.

3. Scam Reporting and Professional Assistance

Our Scamreader broker checker also allows you to report a scam and seek professional assistance. Simply fill out and submit this form below. Alternatively, send an email to scamread@scamreader.info.

4. Professional Advice on Online Investment

We provide expert advice on various online investments, including forex trading, stock trading, cryptocurrency trading, and commodities trading. Our guidance helps you make informed decisions, assess risks, and navigate the complexities of each market with confidence.

At Scamreader, you can check a broker’s legitimacy before investing, report a fake broker to your financial regulator, and begin the recovery process if needed. Try our broker checker for free now and empower yourself with information to stay one step ahead of scammers!