First New York Securities LLC has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Note: this company is not connected and should not be confused with the legitimate firm First New York Securities LLC (www.fnysllc.com) of 90 Park St 5th Floor New York NY 10018 United States Ph 212 848 0600 which is registered with the SEC and FINRA as a broker dealer (CRD# 16362) in the USA
... 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.firstnewyorkllc.com.
I requested my data from First New York Securities LLC 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: Stable platform|Easy withdrawals|Great customer service|Fast deposits
Cons: No integrated tax optimization
Do not believe the bonus offer from First New York Securities LLC. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after a friend recommended them and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Dedicated account manager|Clear documentation|Responsive team
Cons: None so far|Desktop app not available on Linux
Opened my account with First New York Securities LLC after attending a webinar they hosted and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Multi-currency support|Great customer service
Cons: No dark mode on mobile|Alert system is basic
I had a dispute with First New York Securities LLC and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Regular updates|Intuitive for beginners|Personal attention
Cons: Alert system is basic
The platform at First New York Securities LLC is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for a couple of months now of dealing with this, I have had enough.
Pros: Fast execution|Real-time alerts|Detailed reporting|Customizable dashboard
Cons: Limited demo account features|Could offer more webinars