Credily Union BANK 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.
I was about to invest with Credily Union BANK but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Markets Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Flagged by Financial Markets Authority|Cannot verify credentials
Credily Union BANK 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: Copy trading available|Fast deposits|Detailed reporting|Good analytical tools
Cons: Help articles are sometimes vague
After spending for close to eighteen months trying to make Credily Union BANK 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: Detailed reporting|Stable platform|Two-factor authentication
Cons: Email notifications too frequent|Alert system is basic
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Credily Union BANK recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Helpful community forum|Comprehensive tools|Competitive fees
Cons: No phone support on weekends|No live chat on mobile
Credily Union BANK locked my account without warning and demanded documents I had already submitted. since last summer later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Tax reports included|Comprehensive tools|Excellent charting|Portfolio tracking tools
Cons: None so far|Limited social trading features
I was contacted by Credily Union BANK 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: No regulatory oversight|Money disappeared|Fake testimonials