Douglas Baker & Co has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: Fax: 1 604 608 2990
Addresses: 800-615 West Broadway Avenue Vancouver BC Canada 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.douglas-baker.com.
My withdrawal request from Douglas Baker & Co has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Regular updates|Clean UI
Cons: Wish they had more educational resources|Minimum deposit could be lower
The mobile app from Douglas Baker & Co is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Good analytical tools|Automated trading options|Dividend tracking|Social trading features
Cons: Alert system is basic|Limited cryptocurrency options
The spread at Douglas Baker & Co is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them based on a colleague's recommendation and initially thought the platform was good - until I started trading seriously.
Pros: Multiple order types|Fast execution|Portfolio tracking tools|Two-factor authentication
Cons: Onboarding videos are outdated|No live chat on mobile
I am in a dispute with Douglas Baker & Co over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Easy to use platform|Tax reports included|Real-time alerts|Smooth onboarding
Cons: Spreads widen during volatile periods
I have been trying to close my account with Douglas Baker & Co 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: Two-factor authentication|High security standards|Comprehensive tools|Low minimum deposit
Cons: Minor UI glitches occasionally|No integrated tax optimization
My withdrawal from Douglas Baker & Co 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 over three years of being strung along.
Pros: Automated trading options|Fast support response|No hidden fees|Dedicated account manager
Cons: None so far|Limited social trading features
I found Douglas Baker & Co from a blog post comparing services and the initial impression was positive. But for a few weeks now later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Good mobile app|Stable platform|Professional team|Intuitive for beginners
Cons: Help articles are sometimes vague|Research section could be deeper