Aussie Trust (aussietrust.com) has been flagged by ASIC (Australia) for "Unlicensed". Search IC001 for other entities related to this alert. Link to warnings from overseas regulators: FCA https://www.fca.org.uk/news/warnings/aussie-trust
Phones: +61-894-683564, +44-2033-183-298, +46-843-737-084 This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: aussietrust.com.
Aussie Trust (aussietrust.com) 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: Copy trading available|Responsive team|High security standards|Detailed reporting
Cons: No integrated tax optimization|Minimum deposit could be lower
I wanted to transfer my portfolio from another broker to Aussie Trust (aussietrust.com). 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: Clean UI|Great customer service|Detailed reporting|Wide product range
Cons: Help articles are sometimes vague
If you are reading this considering Aussie Trust (aussietrust.com) - run. I wish I had read more negative reviews after hearing about them at a conference. I thought the positive ones were real. Maybe some are. My experience over for a couple of months now has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Fast execution|Low minimum deposit|Clean UI|Professional team
Cons: Cannot customize dashboard fully