Cosmusk has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
After seeing ads for Cosmusk online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Financial Markets Authority. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
Do not use Cosmusk for anything serious. I used them since I opened my account last year for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Good analytical tools|Good mobile app|Easy withdrawals|Two-factor authentication
Cons: Wish they had more educational resources
The platform at Cosmusk is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After since I opened my account last year of dealing with this, I have had enough.
Pros: Smooth onboarding|Intuitive for beginners|Portfolio tracking tools|Clear documentation
Cons: Research section could be deeper
After spending for nearly two years trying to make Cosmusk work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Multi-device support|Risk management tools|Instant funding
Cons: Charting tools need more indicators|No dark mode on mobile
I wanted to transfer my portfolio from another broker to Cosmusk. 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: Clear documentation|Automated trading options|Great customer service|Educational resources
Cons: Withdrawal takes 1-2 business days|Onboarding videos are outdated
After for a few weeks now with Cosmusk I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Quick verification|Customizable dashboard|Tax reports included|Economic calendar
Cons: No fractional shares|Slow to add new assets
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Cosmusk 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: Cannot withdraw funds|Not regulated|Pressure tactics
I trusted Cosmusk 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: Demo account available|Helpful community forum|Educational resources
Cons: No integrated tax optimization
Cosmusk has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: Great customer service|Easy to use platform|Excellent charting
Cons: Slow to add new assets|Could offer more webinars
The only good thing about Cosmusk is that they remind you why regulation matters. I found them through a forum discussion. 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: Transparent fees|Easy withdrawals|Easy to use platform
Cons: Could offer more webinars