Bank of Glendale has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". Offering banking services without authorisation - Breach of s19 & 21 This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.bankofglendale.com.
I was about to invest with Bank of Glendale but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Conduct Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Not registered with regulators|Unrealistic promises
The platform itself is okay, but the customer service at Bank of Glendale is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Demo account available|Wide product range|Smooth onboarding|Full transparency
Cons: No crypto staking
I closed a profitable position at Bank of Glendale and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Professional team|Multiple order types|Dividend tracking
Cons: No dark mode on mobile|Search feature is basic
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Bank of Glendale is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Pros: Initially responsive customer service
Cons: No regulatory oversight|Money disappeared|Fake testimonials
I trusted Bank of Glendale with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Demo account available|Segregated accounts|Social trading features
Cons: Mobile app could be improved|Desktop app not available on Linux
I requested my data from Bank of Glendale under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Automated trading options|Portfolio tracking tools|Easy to use platform|Two-factor authentication
Cons: Onboarding videos are outdated|Email notifications too frequent
This company appears on the IOSCO I-SCAN international warnings list. Over 68 financial regulators worldwide contribute to this database. While being listed doesn't automatically mean fraud, it's a significant red flag that potential investors should take seriously. Do your research thoroughly.
Pros: Information is publicly available for verification
Cons: Flagged by international regulators|Due diligence required
The mobile app from Bank of Glendale is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Economic calendar|Good analytical tools|Comprehensive tools
Cons: Would like more payment methods
Bank of Glendale advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Economic calendar|Regular updates
Cons: No live chat on mobile|Limited ETF selection
Tried to withdraw my funds from Bank of Glendale and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Cons: Blocked my account|No legitimate license|Fake returns