Blocvester 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.blocvester.com.
After spending since I retired last year trying to make Blocvester work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Easy withdrawals|Economic calendar|Competitive fees|Full transparency
Cons: Alert system is basic|Minor UI glitches occasionally
The platform itself is okay, but the customer service at Blocvester is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Transparent fees|Stable platform|Multi-currency support
Cons: Mobile app could be improved
The onboarding at Blocvester was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Two-factor authentication|Transparent fees|Reliable uptime
Cons: No phone support on weekends
I wanted to transfer my portfolio from another broker to Blocvester. 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: Regular platform improvements|Regular updates|Quick verification|Great customer service
Cons: No live chat on mobile|Minor UI glitches occasionally
The mobile app from Blocvester is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Economic calendar|Dividend tracking|Multiple order types|Regular updates
Cons: No fractional shares|No dark mode on mobile
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that Blocvester 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: Unauthorized firm|Found in IOSCO warnings database
After using Blocvester since the beginning of the year, 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: Multi-currency support|Risk management tools|Competitive fees|Dividend tracking
Cons: Limited demo account features
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Blocvester 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