Brokerages

closebrotherswm.com (Clone of FCA authorised firm)

1.6 (13 reviews)
🇬🇧 United Kingdom
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1.6
13 reviews
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About closebrotherswm.com (Clone of FCA authorised firm)

closebrotherswm.com (Clone of FCA authorised firm) has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services|Regist...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.

Customer Reviews

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Regulatory warning exists for this firm

G
George D.
2 weeks ago

For anyone considering closebrotherswm.com (Clone of FCA authorised firm), please be aware that this company has been flagged by Financial Conduct Authority. 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.

Cons: Flagged by international regulators|Due diligence required

Scam alert - They took my money

C
Christopher I.
4 weeks ago

After doing some research AFTER the fact (I know, I should have done this first), I discovered that closebrotherswm.com (Clone of FCA authorised firm) 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.

Cons: Lost entire investment|Reported to authorities|Unresponsive

Warning to all potential customers

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Gabrielle Y.
1 months ago

After for roughly four months with closebrotherswm.com (Clone of FCA authorised firm), I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.

Pros: API access|Educational resources

Cons: Search feature is basic|No dark mode on mobile

They do not honor their terms

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Charles E.
1 months ago

Customer support at closebrotherswm.com (Clone of FCA authorised firm) 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: Quick verification|Clear documentation|No hidden fees

Cons: Inactivity fee applies after 12 months

Billing department is a black hole

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Caleb L.
2 months ago

Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. closebrotherswm.com (Clone of FCA authorised firm) recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.

Pros: Good analytical tools|Smooth onboarding|Personal attention

Cons: Onboarding videos are outdated|Account statements could be more detailed

Proceed with extreme caution

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Sophia O.
4 months ago

I was about to invest with closebrotherswm.com (Clone of FCA authorised firm) but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Conduct 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: Flagged by Financial Conduct Authority|Cannot verify credentials

Never again with closebrotherswm.com (Clone of FCA authorised firm)

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Nora J.
5 months ago

closebrotherswm.com (Clone of FCA authorised firm) 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: Clear documentation|Excellent charting|Risk management tools

Cons: Email notifications too frequent

Do not waste your money here

V
Vincent S.
6 months ago

I trusted closebrotherswm.com (Clone of FCA authorised firm) with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.

Pros: Multiple order types|High security standards|Intuitive for beginners|Dividend tracking

Cons: Some tools only available on higher tiers

Lost my investment - DO NOT TRUST

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Nathan C.
7 months ago

I was contacted by closebrotherswm.com (Clone of FCA authorised firm) through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.

Pros: Initially responsive customer service

Cons: Blocked my account|No legitimate license|Fake returns

How have they won any awards

S
Sarah G.
8 months ago

I requested my data from closebrotherswm.com (Clone of FCA authorised firm) 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: Two-factor authentication|Clear documentation

Cons: Would like more payment methods