Diamond Trade (diamondsplatform.com) has been flagged by ASIC (Australia) for "Unlicensed". Addresses: Zamzam Tower NYC New York This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: diamondsplatform.com.
The platform at Diamond Trade (diamondsplatform.com) is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for about ten months of dealing with this, I have had enough.
Pros: Professional team|Tax reports included
Cons: Email notifications too frequent
I referred a friend to Diamond Trade (diamondsplatform.com) after a friend recommended them. 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: Intuitive for beginners|Dividend tracking
Cons: Charting tools need more indicators|Minor UI glitches occasionally
The onboarding at Diamond Trade (diamondsplatform.com) 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: Automated trading options|Multi-currency support|Intuitive for beginners|Fast support response
Cons: Could offer more webinars
After using Diamond Trade (diamondsplatform.com) for about ten months, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Competitive fees|Stable platform|API access
Cons: Currency conversion fee exists
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Diamond Trade (diamondsplatform.com) recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Low minimum deposit|Responsive team|API access
Cons: Inactivity fee applies after 12 months|Slow to add new assets
The only good thing about Diamond Trade (diamondsplatform.com) is that they remind you why regulation matters. I found them after a friend recommended them. 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: Clear documentation|Intuitive for beginners|Economic calendar
Cons: Desktop app not available on Linux|Minor UI glitches occasionally
I experienced a security concern with my Diamond Trade (diamondsplatform.com) 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: Copy trading available|Fast execution
Cons: Desktop app not available on Linux
I have been trying to close my account with Diamond Trade (diamondsplatform.com) 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: Helpful community forum|Social trading features
Cons: Website design could be more modern
Diamond Trade (diamondsplatform.com) 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: No hidden fees|Market news feed
Cons: Limited ETF selection
The hidden fees at Diamond Trade (diamondsplatform.com) are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Customizable dashboard|Easy to use platform|Wide product range|Instant funding
Cons: Slow to add new assets|None so far