Gerstein Global Futures has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: Fax 1 77 365 44 907
Addresses: Germany Office August Schanz Strabe 10 A 58435 Frankfurt Main Germany; United States Imperial Towers North Marine Drive Chicago IL 60613 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.gersteinglobal.com.
I wanted to transfer my portfolio from another broker to Gerstein Global Futures. 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: High security standards|Transparent fees|Competitive fees
Cons: Inactivity fee applies after 12 months
I signed up with Gerstein Global Futures from a review site like this one 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: Personal attention|Customizable dashboard|API access
Cons: No fractional shares|Wish they had more educational resources
The platform at Gerstein Global Futures is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After since last summer of dealing with this, I have had enough.
Pros: Easy withdrawals|Segregated accounts|Clean UI|Smooth onboarding
Cons: Charting tools need more indicators
I closed a profitable position at Gerstein Global Futures and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Multi-currency support|Copy trading available
Cons: No integrated tax optimization