Allysnexus has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I wanted to transfer my portfolio from another broker to Allysnexus. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Copy trading available|Clear documentation
Cons: Mobile app could be improved|No integrated tax optimization
After spending for about three months trying to make Allysnexus 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: Fast support response|API access
Cons: Wish they had more educational resources
After using Allysnexus 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: Fast support response|Real-time alerts|Risk management tools|Copy trading available
Cons: Currency conversion fee exists
Do not believe the bonus offer from Allysnexus. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after a trusted YouTuber reviewed them and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Two-factor authentication|Quick verification|Economic calendar
Cons: Could offer more webinars