Financial Recovery Ltd 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.
I joined Financial Recovery Ltd after my brother mentioned them 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: Great customer service|Instant funding
Cons: Onboarding videos are outdated|No fractional shares
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. Financial Recovery Ltd said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: API access|Fast support response|High security standards|Reliable uptime
Cons: Minor UI glitches occasionally|Desktop app not available on Linux
I was contacted by Financial Recovery Ltd through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Cons: Blocked my account|No legitimate license|Fake returns