Accounting and Tax Planners of NY Inc has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Note: this company is not connected and should not be confused with the legitimate firm Accounting & Tax Planners 303 5th Ave. Suite # 211 New York NY 10016-6601 Ph: 1 212 292-3331 /3332 Fax: 212 292-3334
Phones: 1 347-427-9176, fax 1 347 4238 3124
Addresses: 303 Fifth Avenue New York... This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.acctnyc.com.
The hidden fees at Accounting and Tax Planners of NY Inc are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Regular platform improvements|Real-time alerts
Cons: Account statements could be more detailed|Withdrawal takes 1-2 business days
Accounting and Tax Planners of NY Inc changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Social trading features|Dividend tracking|Demo account available|Good mobile app
Cons: Inactivity fee applies after 12 months|Withdrawal takes 1-2 business days
The so-called education at Accounting and Tax Planners of NY Inc is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted since last summer thinking they would help me learn.
Pros: Demo account available|Multiple order types
Cons: Slow to add new assets|No fractional shares
My withdrawal request from Accounting and Tax Planners of NY Inc has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: High security standards|Easy to use platform|Detailed reporting
Cons: None so far
Accounting and Tax Planners of NY Inc advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Transparent fees|Great customer service|Customizable dashboard|Stable platform
Cons: Minor UI glitches occasionally
Accounting and Tax Planners of NY Inc locked my account without warning and demanded documents I had already submitted. for about ten months later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Comprehensive tools|Fast support response
Cons: Research section could be deeper
After using Accounting and Tax Planners of NY Inc for just over a year, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Instant funding|High security standards|Multi-currency support
Cons: Wish they had more educational resources|Slow to add new assets
Do not be fooled by the professional-looking website. Behind the scenes, Accounting and Tax Planners of NY Inc is disorganized and incompetent. I found them through a podcast recommendation and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Stable platform|Economic calendar|Clear documentation
Cons: No integrated tax optimization|No crypto staking
After for about three months with Accounting and Tax Planners of NY Inc, I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: Low minimum deposit|Good analytical tools
Cons: Some tools only available on higher tiers
I am in a dispute with Accounting and Tax Planners of NY Inc over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Stable platform|Two-factor authentication|Intuitive for beginners|Wide product range
Cons: Limited ETF selection|None so far