Homebasetrading has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". Claiming to be regulated by FCA, breach of s24 FSMA 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.hombasetrading.org.
I experienced a security concern with my Homebasetrading 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: Fast deposits|Instant funding|Fast execution|Dedicated account manager
Cons: Limited demo account features
I requested my data from Homebasetrading under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Reliable uptime|Good mobile app|Stable platform
Cons: Research section could be deeper|Limited cryptocurrency options
Homebasetrading 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: Automated trading options|Smooth onboarding|Regular platform improvements|Full transparency
Cons: Alert system is basic
I trusted Homebasetrading with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Instant funding|Automated trading options|Detailed reporting|Customizable dashboard
Cons: No live chat on mobile|Minor UI glitches occasionally
I am in a dispute with Homebasetrading over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Segregated accounts|Personal attention|Instant funding
Cons: No dark mode on mobile|Currency conversion fee exists
I joined Homebasetrading after seeing their ad online 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: Multiple order types|Real-time alerts|Multi-device support
Cons: No dark mode on mobile|No fractional shares
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Homebasetrading is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Pros: Professional looking website
Cons: No regulatory oversight|Money disappeared|Fake testimonials
After seeing ads for Homebasetrading online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Financial Conduct Authority. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Pros: Website looks legitimate on the surface
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
The so-called education at Homebasetrading 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 over three years thinking they would help me learn.
Pros: Comprehensive tools|Helpful community forum
Cons: Website design could be more modern