Fluent Profits has been flagged by Financial Conduct Authority 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. Website domain: fluentprofits.com.
I joined Fluent Profits while looking for alternatives to my previous provider 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|Segregated accounts|Intuitive for beginners
Cons: Wait times can be long during peak hours|No fractional shares
Fluent Profits had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: No hidden fees|Demo account available|Great customer service|Customizable dashboard
Cons: No integrated tax optimization
Tried to withdraw my funds from Fluent Profits and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Pros: Professional looking website
Cons: Withdrawal fees demanded|Communication cut off|Not authorized
Do not believe the bonus offer from Fluent Profits. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after a family member had a good experience and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Excellent charting|Comprehensive tools|Easy to use platform
Cons: Some tools only available on higher tiers|Could offer more webinars
The platform at Fluent Profits is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for the past six months of dealing with this, I have had enough.
Pros: Wide product range|Dividend tracking|Professional team
Cons: Would like more payment methods