Ranking List of Complaints Satisfaction in July 2024 Newly Released

Most investors, in particular beginners, are prone to ignore a broker’s service attitude when selecting a trading platform. However, the attitude towards customers will significantly affect the trading experience. Therefore, to assist investors in making an informed decision, BrokersView monthly updates the list of brokers and ranks them by complaints satisfaction. We aim to provide useful insight into how they value their clients’ opinions and the overall level of customer service they provide.

The most prevalent complaints this month encompass a variety of issues. These include unresponsive customer services, refusal of withdrawal requests, impersonation websites, signal manipulation, unauthorized practices, and withdrawal delays. The list of involved brokers is provided below for reference purposes.

The eight brokers that made BrokersView's Red List in July are all more comprehensively regulated companies, and some of them enjoy good reputations in the industry. These brokers handle customer complaints seriously and in a timely manner, so they win a deserved ranking.

The eight brokers included in the July Bad List have all been proven to be scams and have suffered multiple customer complaints during the month, with topics ranging from inability to withdraw funds, account freezes, allegations of fraudulent practices, and brokers absconding with funds. These brokered ignored customer complaints and fraudulently took money from customers. Notably, Pocket Option, which has been the subject of customer complaints this month, has once again raised doubts, with BrokersView conducting a comprehensive review of its licensing status and finding that its only MISA license has been canceled, making it a truly unlicensed broker. A month apart, Quotex was once again placed in the Bad List with a 0% complaint processing satisfaction rate. We recommend that you do not engage with unauthorized brokers that do not handle customer complaints.

BrokersView wants to underscore the importance of staying informed about broker-related complaints which, along with regulatory information, can serve as helpful indicators when it comes to selecting a broker. Taking complaints into account helps reduce risks. In case of any suspected violations, investors can file a complaint through BrokersView. Acting as a third party to protect your rights at no cost, we will assist you in communicating with the broker or help you send emails to the regulator.

Submit a complaint via this link to BrokersView:

https://www.brokersview.com/complaint