Department of Foreign Investment Control has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: 1-202-446-0940, Fax: 1-202-379-9790
Addresses: 1048 12th Street Northwest Washington US 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.dfic.us.
I referred a friend to Department of Foreign Investment Control after doing extensive research. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Fast deposits|Multi-device support|Comprehensive tools|Clear documentation
Cons: Some tools only available on higher tiers|Wish they had more educational resources
The platform itself is okay, but the customer service at Department of Foreign Investment Control is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: High security standards|Economic calendar|Clean UI|Stable platform
Cons: Limited cryptocurrency options|Currency conversion fee exists
Do not use Department of Foreign Investment Control for anything serious. I used them since the beginning of the 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: Easy withdrawals|Automated trading options|Dividend tracking|Smooth onboarding
Cons: Slow to add new assets
I wanted to transfer my portfolio from another broker to Department of Foreign Investment Control. 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: Competitive fees|Low minimum deposit|Tax reports included
Cons: Mobile app could be improved|No dark mode on mobile
I opened an account with Department of Foreign Investment Control for roughly four months 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: Responsive team|Customizable dashboard
Cons: Withdrawal takes 1-2 business days|Minor UI glitches occasionally
Opened my account with Department of Foreign Investment Control after hearing about them at a conference and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Competitive fees|Instant funding|Multiple order types|Easy withdrawals
Cons: No integrated tax optimization|Inactivity fee applies after 12 months
I have been trying to close my account with Department of Foreign Investment Control 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: Great customer service|Multi-currency support
Cons: Website design could be more modern|Account statements could be more detailed
I closed a profitable position at Department of Foreign Investment Control and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Dividend tracking|API access
Cons: Inactivity fee applies after 12 months