Bestfinanciering has been flagged by Financial Services and Markets Authority for "Fraud and Other Types of Misconduct". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
My card was charged twice by Bestfinanciering on the same day. I had to dispute it with my bank. Bestfinanciering then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Good analytical tools|Competitive fees|Quick verification
Cons: Limited cryptocurrency options
I found Bestfinanciering after my brother mentioned them and the initial impression was positive. But for about three months later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Customizable dashboard|Full transparency|API access
Cons: Spreads widen during volatile periods
KYC with Bestfinanciering 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: Multiple order types|Dedicated account manager|Clear documentation|Easy to use platform
Cons: Desktop app not available on Linux
I wanted to transfer my portfolio from another broker to Bestfinanciering. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Multi-device support|Wide product range
Cons: Minimum deposit could be lower|No fractional shares
I have been trying to close my account with Bestfinanciering for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Demo account available|Smooth onboarding
Cons: Limited cryptocurrency options|Limited demo account features
If you are reading this considering Bestfinanciering - run. I wish I had read more negative reviews after reading several online reviews. I thought the positive ones were real. Maybe some are. My experience over for about ten months has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Comprehensive tools|Detailed reporting|Clean UI
Cons: Account statements could be more detailed|Mobile app could be improved
Bestfinanciering seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Transparent fees|Clean UI
Cons: Spreads widen during volatile periods
Where do I even begin with Bestfinanciering? for a couple of months 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: Good mobile app|Regular updates|Great customer service|Risk management tools
Cons: Limited cryptocurrency options
The reporting at Bestfinanciering 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: Excellent charting|Easy to use platform|High security standards
Cons: Minimum deposit could be lower|Account statements could be more detailed
I gave Bestfinanciering a fair chance. After for about eight 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: Wide product range|Easy withdrawals|Automated trading options
Cons: Some tools only available on higher tiers