Fountain Asset 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.
I signed up with Fountain Asset while looking for alternatives to my previous provider and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Low minimum deposit|Competitive fees
Cons: No fractional shares|Account statements could be more detailed
My card was charged twice by Fountain Asset on the same day. I had to dispute it with my bank. Fountain Asset then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Stable platform|Clear documentation|High security standards|Intuitive for beginners
Cons: Withdrawal takes 1-2 business days
I was about to invest with Fountain Asset but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Conduct Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Flagged by Financial Conduct Authority|Cannot verify credentials
Fountain Asset 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: Risk management tools|Responsive team|Real-time alerts
Cons: Mobile app could be improved
I want to warn everyone about Fountain Asset. They have been flagged by Financial Conduct Authority as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.
Pros: Professional looking website
Cons: Lost entire investment|Reported to authorities|Unresponsive