Alphabanc (alphabanc.io) has been flagged by ASIC (Australia) for "Unlicensed". Addresses: 26 City Quay Dublin Docklands Dublin D02 NY19 Ireland; 54 Lime street London EC3M 2RY United Kingdom This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: alphabanc.io.
Alphabanc (alphabanc.io) has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Helpful community forum|Stable platform|Professional team|Dividend tracking
Cons: Limited demo account features
If you are reading this considering Alphabanc (alphabanc.io) - 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 since I opened my account last year has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Excellent charting|Social trading features|Dedicated account manager
Cons: No live chat on mobile|Slow to add new assets
Do not believe the bonus offer from Alphabanc (alphabanc.io). The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited from a blog post comparing services and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Regular platform improvements|Transparent fees|Comprehensive tools
Cons: Account statements could be more detailed
I signed up with Alphabanc (alphabanc.io) while looking for alternatives to my previous provider and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Tax reports included|API access|Smooth onboarding|Portfolio tracking tools
Cons: No dark mode on mobile|Withdrawal takes 1-2 business days
My withdrawal request from Alphabanc (alphabanc.io) 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: Good mobile app|Responsive team
Cons: Limited social trading features
The platform at Alphabanc (alphabanc.io) is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After since I opened my account last year of dealing with this, I have had enough.
Pros: Competitive fees|Clear documentation
Cons: Limited social trading features
The hidden fees at Alphabanc (alphabanc.io) 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|Portfolio tracking tools
Cons: Could offer more webinars|No crypto staking
I had high hopes for Alphabanc (alphabanc.io) through a financial advisor, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Good mobile app|Detailed reporting|Real-time alerts
Cons: Account statements could be more detailed
Alphabanc (alphabanc.io) 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: Instant funding|Excellent charting|Fast execution|Dividend tracking
Cons: Help articles are sometimes vague