FinAxa Settlements has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Addresses: Suite 300 JFK Building 1800 JFK Boulevarde Philadelphia PA 19103 United States This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.finaxa.us.
I had high hopes for FinAxa Settlements through a forum discussion, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Tax reports included|Fast execution|Intuitive for beginners|Regular platform improvements
Cons: Slow to add new assets
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. FinAxa Settlements recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Demo account available|Tax reports included|Real-time alerts
Cons: No integrated tax optimization|Wish they had more educational resources
My card was charged twice by FinAxa Settlements on the same day. I had to dispute it with my bank. FinAxa Settlements 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: Automated trading options|Good mobile app|Helpful community forum|Detailed reporting
Cons: No fractional shares|Inactivity fee applies after 12 months
The reporting at FinAxa Settlements is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Social trading features|Good mobile app|Multi-currency support
Cons: Live chat only during business hours|Limited ETF selection
The only good thing about FinAxa Settlements is that they remind you why regulation matters. I found them based on a colleague's recommendation. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Clean UI|Good analytical tools|Fast support response|Risk management tools
Cons: Nothing significant
Where do I even begin with FinAxa Settlements? for the past six months of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Good analytical tools|Real-time alerts|Multi-device support
Cons: None so far|No fractional shares
I trusted FinAxa Settlements with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Personal attention|Segregated accounts|Professional team|Market news feed
Cons: No fractional shares|No phone support on weekends
I lost a significant amount because FinAxa Settlements did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Multi-currency support|Dividend tracking|Multiple order types|Two-factor authentication
Cons: Account statements could be more detailed
I opened an account with FinAxa Settlements for about ten months ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Copy trading available|Regular updates|Wide product range|Comprehensive tools
Cons: Help articles are sometimes vague|Cannot customize dashboard fully
I requested my data from FinAxa Settlements 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: Fast deposits|Smooth onboarding
Cons: No dark mode on mobile