blocksphere-trade.com has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I signed up with blocksphere-trade.com when my bank disappointed me and I searched for alternatives and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Low minimum deposit|Easy to use platform|Market news feed|Full transparency
Cons: None so far|Minimum deposit could be lower
The reporting at blocksphere-trade.com 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: Good mobile app|Low minimum deposit|Market news feed
Cons: Withdrawal takes 1-2 business days
Tried to withdraw my funds from blocksphere-trade.com 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: Lost entire investment|Reported to authorities|Unresponsive
I requested my data from blocksphere-trade.com 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: Excellent charting|Quick verification|Risk management tools|Stable platform
Cons: No live chat on mobile|Mobile app could be improved
blocksphere-trade.com locked my account without warning and demanded documents I had already submitted. since I retired last year later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Copy trading available|Easy withdrawals|Excellent charting|Multiple order types
Cons: Research section could be deeper|No phone support on weekends
Do not be fooled by the professional-looking website. Behind the scenes, blocksphere-trade.com is disorganized and incompetent. I found them after hearing about them at a conference and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Detailed reporting|Multi-device support|Multi-currency support
Cons: Nothing significant
I found blocksphere-trade.com when my bank disappointed me and I searched for alternatives and the initial impression was positive. But for roughly four 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: Fast deposits|Competitive fees|Real-time alerts
Cons: Search feature is basic|Charting tools need more indicators
If you are reading this considering blocksphere-trade.com - run. I wish I had read more negative reviews through a financial advisor. 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: Smooth onboarding|Comprehensive tools|Helpful community forum
Cons: None so far|Mobile app could be improved
Customer support at blocksphere-trade.com seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Segregated accounts|Great customer service|Smooth onboarding|Comprehensive tools
Cons: No fractional shares
After seeing ads for blocksphere-trade.com online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Financial Conduct Authority. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Cons: Flagged by Financial Conduct Authority|Cannot verify credentials