Fulcrum / fulcrumlend.com has been flagged by Swiss Financial Market Supervisory Authority for "Other". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
The only good thing about Fulcrum / fulcrumlend.com is that they remind you why regulation matters. I found them after attending a webinar they hosted. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Instant funding|Personal attention|Real-time alerts|Clear documentation
Cons: None so far
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that Fulcrum / fulcrumlend.com has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.
Cons: Not registered with regulators|Unrealistic promises
The reporting at Fulcrum / fulcrumlend.com 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: Reliable uptime|Clean UI|Demo account available
Cons: Slow to add new assets|Mobile app could be improved
The platform itself is okay, but the customer service at Fulcrum / fulcrumlend.com is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: API access|Professional team|Full transparency|Two-factor authentication
Cons: Search feature is basic|No integrated tax optimization
Fulcrum / fulcrumlend.com 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: Dedicated account manager|Multiple order types
Cons: Limited social trading features
After for about ten months with Fulcrum / fulcrumlend.com, I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: Multi-currency support|Reliable uptime|Fast deposits
Cons: Inactivity fee applies after 12 months|Slow to add new assets
Do not believe the bonus offer from Fulcrum / fulcrumlend.com. 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: Smooth onboarding|Economic calendar|Portfolio tracking tools
Cons: Currency conversion fee exists|No fractional shares
The onboarding at Fulcrum / fulcrumlend.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: Real-time alerts|Quick verification
Cons: Help articles are sometimes vague|Mobile app could be improved
I wanted to transfer my portfolio from another broker to Fulcrum / fulcrumlend.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: Detailed reporting|Two-factor authentication|Multi-currency support
Cons: Would like more payment methods
I experienced a security concern with my Fulcrum / fulcrumlend.com account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Tax reports included|Portfolio tracking tools|Comprehensive tools|API access
Cons: Slow to add new assets|Cannot customize dashboard fully