Impersonation of Ferrofunds Pty Ltd (ferrofunds.com) has been flagged by ASIC (Australia) for "Imposter". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: ferrofunds.com.
I had high hopes for Impersonation of Ferrofunds Pty Ltd (ferrofunds.com) through a financial advisor, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Dedicated account manager|Easy withdrawals|Multi-currency support|Comprehensive tools
Cons: Spreads widen during volatile periods|Desktop app not available on Linux
After spending since I retired last year trying to make Impersonation of Ferrofunds Pty Ltd (ferrofunds.com) work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Multi-device support|Instant funding
Cons: Onboarding videos are outdated
Impersonation of Ferrofunds Pty Ltd (ferrofunds.com) advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: High security standards|Social trading features
Cons: Cannot customize dashboard fully|Could offer more webinars
KYC with Impersonation of Ferrofunds Pty Ltd (ferrofunds.com) is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Wide product range|Clear documentation
Cons: Nothing significant|Wait times can be long during peak hours
My withdrawal from Impersonation of Ferrofunds Pty Ltd (ferrofunds.com) was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for over three years of being strung along.
Pros: Market news feed|Demo account available|Multi-device support
Cons: Limited social trading features|Wish they had more educational resources
Do not use Impersonation of Ferrofunds Pty Ltd (ferrofunds.com) for anything serious. I used them since early this year for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Fast deposits|API access
Cons: Email notifications too frequent
I trusted Impersonation of Ferrofunds Pty Ltd (ferrofunds.com) 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: Two-factor authentication|Segregated accounts|API access
Cons: Research section could be deeper
Opened my account with Impersonation of Ferrofunds Pty Ltd (ferrofunds.com) based on a colleague's recommendation and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Clean UI|Easy withdrawals|Detailed reporting|Great customer service
Cons: Wish they had more educational resources
Impersonation of Ferrofunds Pty Ltd (ferrofunds.com) offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: High security standards|Fast deposits|Intuitive for beginners
Cons: Withdrawal takes 1-2 business days|Spreads widen during volatile periods
I joined Impersonation of Ferrofunds Pty Ltd (ferrofunds.com) based on a colleague's recommendation 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: Dedicated account manager|No hidden fees|Automated trading options
Cons: No fractional shares