bestfixedrates.co.uk has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services|Regist...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
The platform at bestfixedrates.co.uk is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for over three years of dealing with this, I have had enough.
Pros: Clear documentation|Dedicated account manager
Cons: Minimum deposit could be lower|Could offer more webinars
I lost a significant amount because bestfixedrates.co.uk 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: Automated trading options|Good mobile app|Reliable uptime
Cons: Help articles are sometimes vague|Wait times can be long during peak hours
After doing some research AFTER the fact (I know, I should have done this first), I discovered that bestfixedrates.co.uk 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: Lost entire investment|Reported to authorities|Unresponsive
I looked into bestfixedrates.co.uk and found they appear in the regulatory warnings database. Financial Conduct Authority has issued a notice about this firm. Whether this is a misunderstanding or a serious concern, the fact remains that proper due diligence is essential. Always verify the regulatory status of any company before investing your hard-earned money.
Cons: Appears in regulatory warnings database|Uncertain regulatory status
I opened an account with bestfixedrates.co.uk since early this year ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Instant funding|Transparent fees
Cons: None so far|No phone support on weekends
KYC with bestfixedrates.co.uk 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: Easy to use platform|Regular platform improvements|High security standards|Regular updates
Cons: No dark mode on mobile|Nothing significant
The hidden fees at bestfixedrates.co.uk are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Automated trading options|Regular platform improvements
Cons: Spreads widen during volatile periods
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that bestfixedrates.co.uk has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
The reporting at bestfixedrates.co.uk 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: Automated trading options|Competitive fees|Stable platform|Tax reports included
Cons: Slow to add new assets
The only good thing about bestfixedrates.co.uk is that they remind you why regulation matters. I found them after reading several online reviews. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Educational resources|Personal attention
Cons: Nothing significant|Desktop app not available on Linux