Guaranty Consolidated has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: 1646 4552335, fax 1646 7923329
Addresses: 102 West 23RD Street New York NY 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.guarantyconsolidated.com.
I joined Guaranty Consolidated through word of mouth in my investment club and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Customizable dashboard|Social trading features|Fast support response
Cons: Wish they had more educational resources|Could offer more webinars
Customer support at Guaranty Consolidated 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: API access|Multi-currency support|Good analytical tools
Cons: Wait times can be long during peak hours
After using Guaranty Consolidated for about ten months, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Copy trading available|Demo account available
Cons: Research section could be deeper
Guaranty Consolidated locked my account without warning and demanded documents I had already submitted. for about three months later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Low minimum deposit|Educational resources
Cons: Wish they had more educational resources
The so-called education at Guaranty Consolidated is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for close to eighteen months thinking they would help me learn.
Pros: Tax reports included|Fast execution|Smooth onboarding|Multiple order types
Cons: Could offer more webinars|Account statements could be more detailed
I lost a significant amount because Guaranty Consolidated did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Market news feed|Clean UI|High security standards|Educational resources
Cons: Could offer more webinars|Alert system is basic
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Guaranty Consolidated recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Fast support response|Real-time alerts|Fast execution|Smooth onboarding
Cons: No integrated tax optimization
I referred a friend to Guaranty Consolidated after a family member had a good experience. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Professional team|Great customer service
Cons: No dark mode on mobile