Finance System (financesystem.net) has been flagged by Australian Securities and Investments Commission 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.
I wanted to transfer my portfolio from another broker to Finance System (financesystem.net). 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: Stable platform|Excellent charting
Cons: Nothing significant|Some tools only available on higher tiers
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Finance System (financesystem.net) 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
Finance System (financesystem.net) advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Dedicated account manager|Clean UI
Cons: Spreads widen during volatile periods|Could offer more webinars
I joined Finance System (financesystem.net) after a family member had a good experience 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: Good mobile app|Good analytical tools|Easy withdrawals|Fast execution
Cons: Minor UI glitches occasionally|Cannot customize dashboard fully
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that Finance System (financesystem.net) 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: Flagged by Australian Securities and Investments Commission|Cannot verify credentials
I looked into Finance System (financesystem.net) and found they appear in the regulatory warnings database. Australian Securities and Investments Commission has issued a notice about this firm. Whether this is a misunderstanding or a serious concern, the fact remains that proper due diligence is essential. Always verify the regulatory status of any company before investing your hard-earned money.
Cons: Appears in regulatory warnings database|Uncertain regulatory status
I experienced a security concern with my Finance System (financesystem.net) 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: Regular updates|Dedicated account manager|Instant funding
Cons: Minor UI glitches occasionally|Search feature is basic
Do not use Finance System (financesystem.net) for anything serious. I used them for nearly two years 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: Automated trading options|Social trading features
Cons: Minor UI glitches occasionally|Limited cryptocurrency options
Do not be fooled by the professional-looking website. Behind the scenes, Finance System (financesystem.net) is disorganized and incompetent. I found them after a friend recommended them and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Educational resources|Clean UI|Two-factor authentication|Low minimum deposit
Cons: Charting tools need more indicators|Wish they had more educational resources