Benefit Asset Investment has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". Firm states on website they are registered with The FCA when not - Breach of s24 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.benefitassetsinvestment.com.
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Benefit Asset Investment said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Personal attention|Copy trading available|Tax reports included
Cons: Wait times can be long during peak hours
I had a dispute with Benefit Asset Investment and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Automated trading options|Good analytical tools
Cons: Research section could be deeper
I closed a profitable position at Benefit Asset Investment 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: Segregated accounts|Regular updates|Easy withdrawals|Two-factor authentication
Cons: Desktop app not available on Linux|Nothing significant
If you are reading this considering Benefit Asset Investment - run. I wish I had read more negative reviews after doing extensive research. I thought the positive ones were real. Maybe some are. My experience over for over three years has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Transparent fees|Market news feed|Comprehensive tools
Cons: Limited social trading features
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.
Cons: Appears in regulatory warnings database|Uncertain regulatory status
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Benefit Asset Investment 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.
Cons: No regulatory oversight|Money disappeared|Fake testimonials
I was about to invest with Benefit Asset Investment 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: Listed in warning databases|No transparency|Pressure to invest quickly
I gave Benefit Asset Investment a fair chance. After for close to eighteen months of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Helpful community forum|No hidden fees
Cons: No live chat on mobile|None so far