Balono Global Ltd. has been flagged by Ontario Securities Commission for "Unregistered/Unlicensed entity offering financial products or services". Balono Global Ltd. aka Balonoo found at www.balonoo.com and/or www.balono.com is not registered in Ontario to engage in the business of trading in securities. This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
The reporting at Balono Global Ltd. is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Great customer service|Personal attention
Cons: No crypto staking
After using Balono Global Ltd. for nearly two years, 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: Helpful community forum|Comprehensive tools|Fast execution|Tax reports included
Cons: Mobile app could be improved|Limited social trading features