BSN Finance (bsnfinance.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 have been trying to close my account with BSN Finance (bsnfinance.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: Social trading features|Wide product range|Regular platform improvements|Fast support response
Cons: Search feature is basic|Some tools only available on higher tiers
I requested my data from BSN Finance (bsnfinance.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: Quick verification|Full transparency|Great customer service
Cons: No crypto staking
My withdrawal from BSN Finance (bsnfinance.com) was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. since early this year of being strung along.
Pros: Regular platform improvements|Risk management tools
Cons: No integrated tax optimization
I had a dispute with BSN Finance (bsnfinance.com) and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Demo account available|Market news feed
Cons: Nothing significant|Limited social trading features
Do not believe the bonus offer from BSN Finance (bsnfinance.com). The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited from a blog post comparing services and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Copy trading available|Tax reports included|Multiple order types|Demo account available
Cons: Account statements could be more detailed
BSN Finance (bsnfinance.com) advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Educational resources|Detailed reporting|High security standards
Cons: No integrated tax optimization|Limited ETF selection
For anyone considering BSN Finance (bsnfinance.com), please be aware that this company has been flagged by Australian Securities and Investments Commission. This does not necessarily mean they are a scam, but it does mean they may not be authorized to operate in certain jurisdictions. I strongly recommend checking the official regulator website before making any investment decisions.
Pros: Information is publicly available for verification
Cons: Flagged by international regulators|Due diligence required
BSN Finance (bsnfinance.com) had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Multi-device support|Personal attention|Competitive fees|Great customer service
Cons: Minor UI glitches occasionally|Desktop app not available on Linux
I lost a significant amount because BSN Finance (bsnfinance.com) 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: Easy to use platform|Clean UI|Dividend tracking
Cons: Wish they had more educational resources|Nothing significant
Tried to withdraw my funds from BSN Finance (bsnfinance.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.
Pros: Initially responsive customer service
Cons: Withdrawal fees demanded|Communication cut off|Not authorized