Impersonation of Foster West Securities Pty Ltd (fosterwestsec.com) has been flagged by ASIC (Australia) for "Imposter". Phones: 08 6280 2170 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.fosterwestsec.com.
The hidden fees at Impersonation of Foster West Securities Pty Ltd (fosterwestsec.com) are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Fast execution|Easy to use platform|Competitive fees|Demo account available
Cons: Would like more payment methods
I opened an account with Impersonation of Foster West Securities Pty Ltd (fosterwestsec.com) for the past six months ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Good mobile app|Risk management tools|No hidden fees
Cons: Live chat only during business hours
After for a couple of months now with Impersonation of Foster West Securities Pty Ltd (fosterwestsec.com) I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Economic calendar|Tax reports included|Multi-device support|Regular updates
Cons: Slow to add new assets
I wanted to transfer my portfolio from another broker to Impersonation of Foster West Securities Pty Ltd (fosterwestsec.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: Easy to use platform|Competitive fees|Intuitive for beginners|Easy withdrawals
Cons: Search feature is basic
I am in a dispute with Impersonation of Foster West Securities Pty Ltd (fosterwestsec.com) 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: Multiple order types|High security standards|Risk management tools
Cons: No crypto staking
I lost a significant amount because Impersonation of Foster West Securities Pty Ltd (fosterwestsec.com) 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: Fast support response|Detailed reporting|Excellent charting
Cons: Limited demo account features
Customer support at Impersonation of Foster West Securities Pty Ltd (fosterwestsec.com) 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|Smooth onboarding|Good analytical tools
Cons: Search feature is basic