Finance Legend has been flagged by Financial Services and Markets Authority for "Fraud and Other Types of Misconduct". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Several red flags with Finance Legend: (1) They promise unrealistically high returns, (2) They're not registered with Financial Services and Markets 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.
Pros: Website looks legitimate on the surface
Cons: Flagged by Financial Services and Markets Authority|Cannot verify credentials
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Finance Legend 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: Blocked my account|No legitimate license|Fake returns
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. Finance Legend said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Wide product range|Segregated accounts|Social trading features
Cons: No crypto staking
I referred a friend to Finance Legend while looking for alternatives to my previous provider. 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: Fast deposits|Professional team|Stable platform
Cons: Currency conversion fee exists|No crypto staking
KYC with Finance Legend is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Fast execution|Good mobile app
Cons: Cannot customize dashboard fully
I requested my data from Finance Legend 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|Full transparency|Competitive fees|Market news feed
Cons: Help articles are sometimes vague
After spending for about three months trying to make Finance Legend work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Dedicated account manager|Copy trading available
Cons: No phone support on weekends
I wanted to transfer my portfolio from another broker to Finance Legend. 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: Dividend tracking|Detailed reporting|Stable platform
Cons: Website design could be more modern
I found Finance Legend after comparing multiple platforms and the initial impression was positive. But since I retired last year 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: Tax reports included|Great customer service|Real-time alerts|Transparent fees
Cons: Alert system is basic
I joined Finance Legend based on a colleague's recommendation and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Demo account available|Quick verification|Multi-currency support
Cons: None so far