Beacon Global Management Inc. has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Addresses: Tower Executive #10940 Wilshire Blvd. Suite 1500 Los Angeles CA 90024 United States 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.beaconglobal.us.
The reporting at Beacon Global Management Inc. 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: Full transparency|Economic calendar|Fast deposits|Stable platform
Cons: No live chat on mobile|Email notifications too frequent
After using Beacon Global Management Inc. for about eight 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: Risk management tools|Competitive fees
Cons: Spreads widen during volatile periods|Cannot customize dashboard fully
KYC with Beacon Global Management Inc. 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: Portfolio tracking tools|Fast support response
Cons: Wish they had more educational resources|Wait times can be long during peak hours
I lost a significant amount because Beacon Global Management Inc. 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: Market news feed|Educational resources|Portfolio tracking tools
Cons: Onboarding videos are outdated|Cannot customize dashboard fully
Where do I even begin with Beacon Global Management Inc.? for a few weeks now of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Multi-device support|Good analytical tools|Multiple order types|Portfolio tracking tools
Cons: Wait times can be long during peak hours|Email notifications too frequent
Beacon Global Management Inc. 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: Competitive fees|Clear documentation|Regular updates|Personal attention
Cons: Charting tools need more indicators|Limited ETF selection
The spread at Beacon Global Management Inc. is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after comparing multiple platforms and initially thought the platform was good - until I started trading seriously.
Pros: Detailed reporting|Transparent fees
Cons: Some tools only available on higher tiers