BrynCap (bryncap.com) has been flagged by Australian Securities and Investments Commission 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 BrynCap (bryncap.com) through word of mouth in my investment club 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: Segregated accounts|Clear documentation
Cons: Limited ETF selection
The mobile app from BrynCap (bryncap.com) 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: Fast deposits|Competitive fees|Stable platform|Easy withdrawals
Cons: Charting tools need more indicators|Slow to add new assets
I have been trying to close my account with BrynCap (bryncap.com) 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: Automated trading options|Educational resources|Quick verification
Cons: No crypto staking
The spread at BrynCap (bryncap.com) is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after my brother mentioned them and initially thought the platform was good - until I started trading seriously.
Pros: Competitive fees|Economic calendar
Cons: Currency conversion fee exists