BrokerListings Unveils 2025 Report on Broker Complaints
In October 2025, BrokerListings.com published a thought-provoking document titled the
Broker Complaints Report 2025. This extensive analysis examines nearly 1,000 one- and two-star user reviews across ten well-known brokerage firms, revealing significant distress among traders. The report highlights various issues and categorizes 911 distinct complaints into 15 different sections, marking a critical review timeframe from September 2024 to September 2025.
Key Findings
The report's findings are alarming yet noteworthy, shedding light on the persistent challenges faced by traders.
1.
App Experience: An overwhelming 42% of the complaints were linked to poor app experiences. Users expressed dissatisfaction with unstable applications and cluttered interfaces that obscure essential functionalities. Many reviews criticized traditional brokers for incorporating outdated features without considering modern user habits. Some traders indicated plans to migrate to platforms that offer more intuitive and user-friendly apps.
2.
Trading Conditions: Trading conditions were another major concern, cited in 21% of the issues. Traders reported frequent occurrences of slippage, rejected orders, and unexpected fees. Many claimed these factors resulted in missed trading opportunities, demonstrating the urgent need for brokers to address these operational shortcomings.
3.
Customer Support: Surprisingly, customer support, which could potentially alleviate other issues, was a source of frustration mentioned in 21% of the complaints. Users experienced slow feedback, limited access to help, and difficulties in interacting with automated chatbots. Concerningly, some traders reported prolonged ticket loops that left their issues unresolved, especially during crucial moments like pending withdrawals.
4.
Payments and Transfers: Payment-related issues accounted for 17% of the complaints, as users faced withdrawal delays, unclear transfer timelines, and communication breakdowns that hampered their trading experience. This has raised alarms about missed trading chances linked directly to delayed fund access.
5.
Legacy Brokers vs. Modern Ones: Interestingly, older brokers were found to be the most criticized concerning user experience and support services. Conversely, newer, mobile-oriented platforms like Capital.com and Trading 212 stood out for their responsiveness and user-friendly complaint resolution strategies.
Practical Advice for Traders
As traders navigate these challenges, the report offers some valuable recommendations:
- - Test the Broker: Most brokers provide demo accounts, allowing potential users to assess an app's functionality and features before investing money.
- - Review Multiple Sources: When researching a broker, it's crucial to consult various reviews, focusing on common patterns rather than isolated experiences.
- - Understand Withdrawal Processes: Familiarizing oneself with withdrawal timelines and requirements can significantly reduce delays and complications when accessing funds.
Recommendations for Brokers
BrokerListings also addressed brokers directly, offering strategic advice to improve operations:
- - Invest in Mobile Performance: Enhancing the performance of mobile apps should be a top priority, with attention given to load times and navigation ease.
- - Reliable Customer Support: A commitment to reliable and accessible customer support should be emphasized, particularly for active traders requiring fast resolutions to issues.
- - Transparent Communication: Brokers should maintain open lines of communication, providing updates about incidents and addressing negative reviews with tailored solutions.
In sum, the 2025 Broker Complaints Report by BrokerListings underscores the pressing need for brokers to refine their platforms and customer service. By addressing the concerns highlighted in the report, brokers can enhance user satisfaction and ultimately foster a more transparent and efficient trading environment.