Bystocks (bystocks.org) has been flagged by ASIC (Australia) for "Unlicensed". Addresses: Bystocks London United Kingdom 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.bystocks.org.
The onboarding at Bystocks (bystocks.org) 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: Dividend tracking|Tax reports included|Risk management tools
Cons: Slow to add new assets|Would like more payment methods
I opened an account with Bystocks (bystocks.org) since the beginning of the year 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: Comprehensive tools|Intuitive for beginners|Dividend tracking|Good analytical tools
Cons: Inactivity fee applies after 12 months|Cannot customize dashboard fully
I am in a dispute with Bystocks (bystocks.org) 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: Real-time alerts|Low minimum deposit|Multi-currency support
Cons: No live chat on mobile
I have been trying to close my account with Bystocks (bystocks.org) 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: Smooth onboarding|Wide product range
Cons: Nothing significant
Do not believe the bonus offer from Bystocks (bystocks.org). The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after doing extensive research and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Personal attention|Automated trading options
Cons: Spreads widen during volatile periods|No dark mode on mobile
I experienced a security concern with my Bystocks (bystocks.org) 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: Good mobile app|Demo account available
Cons: None so far|Limited social trading features
I wanted to transfer my portfolio from another broker to Bystocks (bystocks.org). 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: Segregated accounts|Clean UI|Competitive fees
Cons: Currency conversion fee exists
The spread at Bystocks (bystocks.org) is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after a friend recommended them and initially thought the platform was good - until I started trading seriously.
Pros: Comprehensive tools|Quick verification|Good mobile app|Intuitive for beginners
Cons: Could offer more webinars|Research section could be deeper
The only good thing about Bystocks (bystocks.org) is that they remind you why regulation matters. I found them after hearing about them at a conference. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Reliable uptime|Fast support response|No hidden fees
Cons: Limited cryptocurrency options|Alert system is basic