Aquila Markets has been flagged by British Columbia Securities Commission for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
My withdrawal from Aquila Markets was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. since the beginning of the year of being strung along.
Pros: Dividend tracking|Fast deposits|Easy to use platform
Cons: Some tools only available on higher tiers|Search feature is basic
Several red flags with Aquila Markets: (1) They promise unrealistically high returns, (2) They're not registered with British Columbia Securities Commission, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Not registered with regulators|Unrealistic promises
I want to warn everyone about Aquila Markets. They have been flagged by British Columbia Securities Commission as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Aquila Markets recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Detailed reporting|Portfolio tracking tools|Market news feed
Cons: Limited cryptocurrency options|No fractional shares
KYC with Aquila Markets is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Economic calendar|Competitive fees|Full transparency
Cons: No dark mode on mobile|Help articles are sometimes vague
If you are reading this considering Aquila Markets - run. I wish I had read more negative reviews after attending a webinar they hosted. I thought the positive ones were real. Maybe some are. My experience over for a few weeks now has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Smooth onboarding|Transparent fees
Cons: Would like more payment methods|Onboarding videos are outdated
After using Aquila Markets for roughly four months, 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: Good mobile app|Market news feed
Cons: Spreads widen during volatile periods
I found Aquila Markets after a family member had a good experience and the initial impression was positive. But for a few weeks now later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Market news feed|Demo account available|Automated trading options|High security standards
Cons: Nothing significant|No phone support on weekends
After for over a year with Aquila Markets, 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: Segregated accounts|Detailed reporting|Automated trading options|Comprehensive tools
Cons: No integrated tax optimization|None so far