Fanconic Group has been flagged by Polish Financial Supervision 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.
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Fanconic Group recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Professional team|Easy to use platform
Cons: Search feature is basic
My card was charged twice by Fanconic Group on the same day. I had to dispute it with my bank. Fanconic Group then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Detailed reporting|No hidden fees|Automated trading options
Cons: Limited demo account features|Alert system is basic
Do not use Fanconic Group for anything serious. I used them since I retired last year for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Instant funding|Real-time alerts|Detailed reporting|Risk management tools
Cons: Desktop app not available on Linux
This company appears on the IOSCO I-SCAN international warnings list. Over 68 financial regulators worldwide contribute to this database. While being listed doesn't automatically mean fraud, it's a significant red flag that potential investors should take seriously. Do your research thoroughly.
Cons: Flagged by international regulators|Due diligence required
I am in a dispute with Fanconic Group 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: Economic calendar|Customizable dashboard
Cons: Cannot customize dashboard fully|No phone support on weekends
I experienced a security concern with my Fanconic Group 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: Excellent charting|Tax reports included|Demo account available
Cons: Limited ETF selection
I referred a friend to Fanconic Group 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: Good analytical tools|Great customer service
Cons: Currency conversion fee exists
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that Fanconic Group has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.
Pros: Website looks legitimate on the surface
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
Fanconic Group has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Transparent fees|Excellent charting|Easy withdrawals|Fast support response
Cons: Withdrawal takes 1-2 business days|Email notifications too frequent
I signed up with Fanconic Group after a friend recommended them and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Automated trading options|Dedicated account manager|Personal attention
Cons: No live chat on mobile|Slow to add new assets