Impersonation of Futu Securities (Australia) Ltd (futu-clo.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: futu-clo.com.
I lost a significant amount because Impersonation of Futu Securities (Australia) Ltd (futu-clo.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: Social trading features|Reliable uptime
Cons: No fractional shares|Some tools only available on higher tiers
I opened an account with Impersonation of Futu Securities (Australia) Ltd (futu-clo.com) for roughly four 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: Helpful community forum|Two-factor authentication|Clean UI|Market news feed
Cons: Spreads widen during volatile periods|Inactivity fee applies after 12 months
I joined Impersonation of Futu Securities (Australia) Ltd (futu-clo.com) after attending a webinar they hosted 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: Social trading features|Full transparency
Cons: Account statements could be more detailed
The onboarding at Impersonation of Futu Securities (Australia) Ltd (futu-clo.com) was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Personal attention|Economic calendar|Multiple order types|Reliable uptime
Cons: Limited social trading features
After for about eight months with Impersonation of Futu Securities (Australia) Ltd (futu-clo.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: Good mobile app|Fast execution
Cons: None so far|No integrated tax optimization
I requested my data from Impersonation of Futu Securities (Australia) Ltd (futu-clo.com) 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: Tax reports included|Personal attention|Low minimum deposit|High security standards
Cons: Research section could be deeper
After for nearly two years with Impersonation of Futu Securities (Australia) Ltd (futu-clo.com), I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: Great customer service|Transparent fees|Quick verification|Market news feed
Cons: Alert system is basic
I signed up with Impersonation of Futu Securities (Australia) Ltd (futu-clo.com) after seeing their ad online 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: Dividend tracking|Quick verification
Cons: Search feature is basic|None so far
Impersonation of Futu Securities (Australia) Ltd (futu-clo.com) locked my account without warning and demanded documents I had already submitted. for a couple of months now later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Responsive team|Risk management tools|Segregated accounts
Cons: Currency conversion fee exists
I am in a dispute with Impersonation of Futu Securities (Australia) Ltd (futu-clo.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: Low minimum deposit|Personal attention
Cons: Withdrawal takes 1-2 business days|Account statements could be more detailed