Scott Martinez#55

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Are brokers recommended by forex tutors reliable?

Many trading tutors or “mentors” recommend specific brokers, often because they receive commissions as introducing brokers (IBs). While not all recommendations are scams, traders should be cautious. A tutor’s priority may be earning rebates, not protecting students. Always verify that the recommended broker is properly regulated and compare it with other options. Look for independent reviews and test withdrawals. If a tutor insists on one unregulated broker, it is a red flag. A trustworthy tutor should focus on teaching skills, not pushing platforms. Reliability depends on regulation, not on endorsements from individuals.