Egalite.bond has been flagged by Commissione Nazionale per le Società e la Borsa for "Unregistered/Unlicensed entity offering financial products or services". Consob has ordered the black-out of the website through which services for crypto-activities are abusively provided This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
If you are reading this considering Egalite.bond - run. I wish I had read more negative reviews through a forum discussion. I thought the positive ones were real. Maybe some are. My experience over for just over a year has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Clear documentation|Wide product range|Professional team
Cons: Charting tools need more indicators
For anyone considering Egalite.bond, please be aware that this company has been flagged by Commissione Nazionale per le Società e la Borsa. This does not necessarily mean they are a scam, but it does mean they may not be authorized to operate in certain jurisdictions. I strongly recommend checking the official regulator website before making any investment decisions.
Pros: Information is publicly available for verification
Cons: Flagged by international regulators|Due diligence required
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Egalite.bond 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.
Cons: Withdrawal fees demanded|Communication cut off|Not authorized
Tried to withdraw my funds from Egalite.bond and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Cons: Lost entire investment|Reported to authorities|Unresponsive
After for over three years with Egalite.bond, I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: Economic calendar|Instant funding
Cons: Onboarding videos are outdated
I found Egalite.bond after a family member had a good experience and the initial impression was positive. But since last summer 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: Transparent fees|Professional team
Cons: Minimum deposit could be lower|Wish they had more educational resources
Egalite.bond offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Comprehensive tools|Market news feed
Cons: Help articles are sometimes vague|Some tools only available on higher tiers
Several red flags with Egalite.bond: (1) They promise unrealistically high returns, (2) They're not registered with Commissione Nazionale per le Società e la Borsa, (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
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. Egalite.bond said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Segregated accounts|Smooth onboarding|Reliable uptime|Good analytical tools
Cons: Limited demo account features|Onboarding videos are outdated
After since last summer with Egalite.bond I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Helpful community forum|Competitive fees
Cons: Desktop app not available on Linux|No fractional shares