FNBC Invest / Seven Bank has been flagged by Comissão do Mercado de Valores Mobiliários 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.
FNBC Invest / Seven Bank advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Dedicated account manager|Fast deposits
Cons: No live chat on mobile
Opened my account with FNBC Invest / Seven Bank based on a colleague's recommendation 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: Smooth onboarding|Social trading features
Cons: Alert system is basic
If you are reading this considering FNBC Invest / Seven Bank - run. I wish I had read more negative reviews through a financial advisor. I thought the positive ones were real. Maybe some are. My experience over for a couple of months now has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Segregated accounts|Dividend tracking|Real-time alerts|Economic calendar
Cons: Onboarding videos are outdated|Research section could be deeper
I was about to invest with FNBC Invest / Seven Bank but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Comissão do Mercado de Valores Mobiliários has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Pros: Website looks legitimate on the surface
Cons: Not registered with regulators|Unrealistic promises
FNBC Invest / Seven Bank offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Market news feed|Low minimum deposit
Cons: Wait times can be long during peak hours|Could offer more webinars
The reporting at FNBC Invest / Seven Bank 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: Instant funding|Comprehensive tools|Fast execution|Wide product range
Cons: Some tools only available on higher tiers|Currency conversion fee exists
I have been trying to close my account with FNBC Invest / Seven Bank for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Regular updates|Fast deposits|Easy to use platform
Cons: Limited ETF selection
The platform at FNBC Invest / Seven Bank 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: API access|Personal attention
Cons: None so far|Minor UI glitches occasionally
The hidden fees at FNBC Invest / Seven Bank are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Easy to use platform|Detailed reporting
Cons: Alert system is basic|No dark mode on mobile
FNBC Invest / Seven Bank changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Professional team|Stable platform
Cons: Limited demo account features