Forbidden City Venture Capital has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: +86 21 5116 7113, fax +852 8343 7028
Addresses: Bank of Shanghai 21st Floor 168 Yincheng Zhong Rd. Pudong Shanghai 200120 China 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.fcvencap.cn.
Forbidden City Venture Capital 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: Easy to use platform|Personal attention|Economic calendar
Cons: Nothing significant|Desktop app not available on Linux
Forbidden City Venture Capital 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: Dividend tracking|Comprehensive tools|Easy to use platform|Economic calendar
Cons: Would like more payment methods|Cannot customize dashboard fully
Customer support at Forbidden City Venture Capital seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Great customer service|Real-time alerts|Stable platform|Helpful community forum
Cons: Alert system is basic|Limited cryptocurrency options
I wanted to transfer my portfolio from another broker to Forbidden City Venture Capital. 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: Two-factor authentication|Educational resources|Reliable uptime|Quick verification
Cons: Withdrawal takes 1-2 business days|No fractional shares
The hidden fees at Forbidden City Venture Capital 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: Stable platform|Dividend tracking|Low minimum deposit
Cons: Search feature is basic