Alliance Financial Regulatory Board has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Addresses: 101 Federal Street Suite 1600 Boston Massachusetts 02110 USA This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: alliancefrboard.us.
Alliance Financial Regulatory Board 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: Market news feed|Multi-device support|Demo account available
Cons: Currency conversion fee exists|No phone support on weekends
If you are reading this considering Alliance Financial Regulatory Board - run. I wish I had read more negative reviews through my accountant's suggestion. I thought the positive ones were real. Maybe some are. My experience over for about eight months has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Portfolio tracking tools|Detailed reporting
Cons: Desktop app not available on Linux
After spending for a couple of months now trying to make Alliance Financial Regulatory Board work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Two-factor authentication|Helpful community forum|Automated trading options|Fast deposits
Cons: Wish they had more educational resources
I referred a friend to Alliance Financial Regulatory Board after a trusted YouTuber reviewed them. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Great customer service|Responsive team|Smooth onboarding|Regular updates
Cons: Spreads widen during volatile periods|Slow to add new assets
Opened my account with Alliance Financial Regulatory Board after a friend recommended them and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Good analytical tools|Responsive team
Cons: No live chat on mobile
Do not be fooled by the professional-looking website. Behind the scenes, Alliance Financial Regulatory Board is disorganized and incompetent. I found them based on a colleague's recommendation and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Intuitive for beginners|Segregated accounts
Cons: Mobile app could be improved|Onboarding videos are outdated
I opened an account with Alliance Financial Regulatory Board since I opened my account last year ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Easy to use platform|Dividend tracking|Educational resources|High security standards
Cons: Limited social trading features