Forex Brokers

Edward Banks Acquisitions

1.3 (12 reviews)
🇦🇺 Australia
Visit Website
1.3
12 reviews
5
0
4
0
3
0
2
4
1
8

About Edward Banks Acquisitions

Edward Banks Acquisitions has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: +1-646-564-5648, fax +1-646-417-5419

Addresses: 156 West 56th Street City Spire New York NY. 10019 USA 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.e-b-acq-us.com.

Customer Reviews

Write a Review

Look elsewhere - many better options

O
Oliver D.
1 months ago

The platform at Edward Banks Acquisitions is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for just over a year of dealing with this, I have had enough.

Pros: Good analytical tools|Stable platform|Easy withdrawals

Cons: No integrated tax optimization|Mobile app could be improved

Platform down more than it is up

M
Melody A.
1 months ago

Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Edward Banks Acquisitions said it was market conditions. Same news, another broker filled me properly. They are not honest.

Pros: Intuitive for beginners|Clean UI|Great customer service

Cons: No live chat on mobile|No integrated tax optimization

Ombudsman said they are uncooperative

M
Mark Z.
2 months ago

The spread at Edward Banks Acquisitions is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after doing extensive research and initially thought the platform was good - until I started trading seriously.

Pros: Market news feed|Multi-device support|Demo account available|Great customer service

Cons: Limited demo account features|Onboarding videos are outdated

Account locked for no reason

V
Vincent V.
3 months ago

Do not be fooled by the professional-looking website. Behind the scenes, Edward Banks Acquisitions is disorganized and incompetent. I found them after attending a webinar they hosted and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.

Pros: Quick verification|Helpful community forum|Professional team

Cons: No integrated tax optimization

Terrible customer service

J
Jasmine H.
3 months ago

Customer support at Edward Banks Acquisitions 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: Fast support response|Full transparency|Tax reports included|Easy withdrawals

Cons: Wish they had more educational resources

They bet against their clients

V
Vincent K.
3 months ago

I opened an account with Edward Banks Acquisitions for a few weeks now 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: Segregated accounts|Reliable uptime|Risk management tools|API access

Cons: Nothing significant|Withdrawal takes 1-2 business days

Pushed structured products

C
Christopher B.
4 months ago

I wanted to transfer my portfolio from another broker to Edward Banks Acquisitions. 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: Quick verification|Intuitive for beginners|Excellent charting|Copy trading available

Cons: Wish they had more educational resources

Server in wrong region high latency

E
Emily O.
5 months ago

I requested my data from Edward Banks Acquisitions 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: Detailed reporting|Quick verification|Full transparency

Cons: Wish they had more educational resources|No live chat on mobile

A nightmare experience

N
Noah S.
6 months ago

Edward Banks Acquisitions has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.

Pros: Multiple order types|Portfolio tracking tools|Responsive team|Fast deposits

Cons: No fractional shares|Nothing significant

No phone number that works

E
Edward W.
8 months ago

The mobile app from Edward Banks Acquisitions 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 mobile app|Multi-device support

Cons: Onboarding videos are outdated