Distinct Trades has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
My withdrawal from Distinct Trades was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for nearly two years of being strung along.
Pros: Two-factor authentication|Smooth onboarding|API access
Cons: Limited demo account features
Do not believe the bonus offer from Distinct Trades. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited from a review site like this one and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Automated trading options|Fast support response|Reliable uptime
Cons: Research section could be deeper|Alert system is basic
Where do I even begin with Distinct Trades? since mid-2025 of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Multi-currency support|Social trading features
Cons: Charting tools need more indicators
I wanted to transfer my portfolio from another broker to Distinct Trades. 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: Transparent fees|Easy withdrawals|Easy to use platform
Cons: Research section could be deeper
Distinct Trades 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: Wide product range|Full transparency|Multiple order types|Instant funding
Cons: Spreads widen during volatile periods|Would like more payment methods
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Distinct Trades 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.
Pros: Initially responsive customer service
Cons: Withdrawal fees demanded|Communication cut off|Not authorized
Customer support at Distinct Trades 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: Regular updates|Transparent fees|Risk management tools
Cons: No integrated tax optimization
I experienced a security concern with my Distinct Trades 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: Good mobile app|Good analytical tools|Full transparency|Automated trading options
Cons: No crypto staking|Wish they had more educational resources
I requested my data from Distinct Trades 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: Clean UI|Multi-currency support
Cons: Cannot customize dashboard fully|No dark mode on mobile
Several red flags with Distinct Trades: (1) They promise unrealistically high returns, (2) They're not registered with Financial Conduct Authority, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Unauthorized firm|Found in IOSCO warnings database