BakktCL has been flagged by Comisión para el Mercado Financiero (Financial Market 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.
I lost a significant amount because BakktCL did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Two-factor authentication|Fast support response|Fast execution|Stable platform
Cons: Spreads widen during volatile periods|None so far
Do not use BakktCL for anything serious. I used them since last summer for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Great customer service|Clean UI
Cons: Withdrawal takes 1-2 business days|No dark mode on mobile
I experienced a security concern with my BakktCL account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Intuitive for beginners|Clean UI
Cons: Slow to add new assets
BakktCL 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: Educational resources|Economic calendar|Quick verification|Customizable dashboard
Cons: Inactivity fee applies after 12 months
I opened an account with BakktCL for the past six months 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: Transparent fees|Customizable dashboard|Instant funding|Stable platform
Cons: No integrated tax optimization|No crypto staking