Bureau of Financial Services Board has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Note: this entity is not connected or associated with Goldman Sachs & Co LLC operating at 222 South Main Street Salt Lake City Utah 84101 USA
Addresses: 222 S. Main Street 7th Floor Salt Lake City Utah 841017 This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: bfsboard.org.
I signed up with Bureau of Financial Services Board after doing extensive research 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: Reliable uptime|Copy trading available
Cons: Alert system is basic
Customer support at Bureau of Financial Services Board 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: Social trading features|Risk management tools
Cons: Alert system is basic|Minimum deposit could be lower
I experienced a security concern with my Bureau of Financial Services Board account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Excellent charting|Fast support response|Regular platform improvements
Cons: Onboarding videos are outdated
Bureau of Financial Services Board 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: Demo account available|Competitive fees|Economic calendar
Cons: Website design could be more modern
Bureau of Financial Services Board has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Economic calendar|Regular updates
Cons: No phone support on weekends|Limited ETF selection
I have been trying to close my account with Bureau of Financial Services Board 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: Regular platform improvements|Detailed reporting|Fast deposits
Cons: Charting tools need more indicators
Bureau of Financial Services Board locked my account without warning and demanded documents I had already submitted. for a few weeks now later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Smooth onboarding|Comprehensive tools|Clean UI
Cons: Would like more payment methods
I lost a significant amount because Bureau of Financial Services Board 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|Good mobile app|Detailed reporting
Cons: Alert system is basic|Inactivity fee applies after 12 months
If you are reading this considering Bureau of Financial Services Board - run. I wish I had read more negative reviews after my brother mentioned them. I thought the positive ones were real. Maybe some are. My experience over since mid-2025 has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Great customer service|Automated trading options|Multiple order types|Clean UI
Cons: Account statements could be more detailed|Wait times can be long during peak hours
Bureau of Financial Services Board changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Transparent fees|Helpful community forum|Fast execution
Cons: No live chat on mobile|Limited cryptocurrency options