Flockunits (flockunits.com) has been flagged by ASIC (Australia) for "Unlicensed". Addresses: Vondelstraat 35 1004 GJ Amsterdam Netherlands 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.flockunits.com.
The onboarding at Flockunits (flockunits.com) was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Portfolio tracking tools|Stable platform
Cons: Currency conversion fee exists|No crypto staking
The mobile app from Flockunits (flockunits.com) is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Customizable dashboard|Comprehensive tools|Automated trading options
Cons: Limited demo account features|No integrated tax optimization
I gave Flockunits (flockunits.com) a fair chance. After for roughly four months of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Transparent fees|Regular updates|Low minimum deposit
Cons: Alert system is basic|Minor UI glitches occasionally
I wanted to transfer my portfolio from another broker to Flockunits (flockunits.com). 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: Easy to use platform|Clean UI|Smooth onboarding
Cons: Desktop app not available on Linux|Spreads widen during volatile periods
I joined Flockunits (flockunits.com) after attending a webinar they hosted 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 analytical tools|Instant funding
Cons: Spreads widen during volatile periods|Alert system is basic
What really bothers me about Flockunits (flockunits.com) is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them through a forum discussion and I fell for the polished exterior. Never again.
Pros: Risk management tools|Transparent fees|Stable platform
Cons: Cannot customize dashboard fully|None so far
I am in a dispute with Flockunits (flockunits.com) over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Dedicated account manager|Personal attention|Real-time alerts|Easy to use platform
Cons: Email notifications too frequent