Blokchain.co.com has been flagged by Financial Markets Authority for "Registered/Licensed entity impersonators|Fraud and Other Types of Misconduct". The FMA is warning investors about a phishing scam impersonating the Blockchain.com cryptocurrency exchange. Scammers are using Google advertisements to promote a fake version of Blockchain.com’s login screen. When a victim enters their login details, scammers take the passwords and use them to... This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I opened an account with Blokchain.co.com for nearly two years 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: No hidden fees|Low minimum deposit|Quick verification
Cons: 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 Blokchain.co.com 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.
Pros: Initially responsive customer service
Cons: No regulatory oversight|Money disappeared|Fake testimonials
Do not believe the bonus offer from Blokchain.co.com. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after comparing multiple platforms and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Clear documentation|Full transparency|Automated trading options|Multi-currency support
Cons: Slow to add new assets
KYC with Blokchain.co.com 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: Multi-device support|Economic calendar
Cons: Currency conversion fee exists|Charting tools need more indicators
The platform at Blokchain.co.com is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for a few weeks now of dealing with this, I have had enough.
Pros: Full transparency|Real-time alerts|Clear documentation|Low minimum deposit
Cons: Nothing significant|Help articles are sometimes vague
If you are reading this considering Blokchain.co.com - run. I wish I had read more negative reviews through my accountant's suggestion. 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: Multiple order types|Quick verification
Cons: Could offer more webinars|Limited ETF selection
I wanted to transfer my portfolio from another broker to Blokchain.co.com. 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: Good analytical tools|Comprehensive tools
Cons: Slow to add new assets
I looked into Blokchain.co.com and found they appear in the regulatory warnings database. Financial Markets 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: Flagged by international regulators|Due diligence required
I was about to invest with Blokchain.co.com but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Markets Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Pros: Website looks legitimate on the surface
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
I am in a dispute with Blokchain.co.com over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Automated trading options|Smooth onboarding|Social trading features
Cons: Limited ETF selection|No integrated tax optimization