Impersonation of Money Cat Group Pty Ltd (moneycatgroup.com) has been flagged by ASIC (Australia) for "Imposter". Phones: (02) 8526 5502 This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: moneycatgroup.com.
Impersonation of Money Cat Group Pty Ltd (moneycatgroup.com) seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Detailed reporting|Social trading features
Cons: No phone support on weekends|Withdrawal takes 1-2 business days
I experienced a security concern with my Impersonation of Money Cat Group Pty Ltd (moneycatgroup.com) 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: Dividend tracking|Economic calendar|Customizable dashboard
Cons: Limited cryptocurrency options
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Impersonation of Money Cat Group Pty Ltd (moneycatgroup.com) said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Good mobile app|Excellent charting
Cons: Cannot customize dashboard fully|Search feature is basic
I referred a friend to Impersonation of Money Cat Group Pty Ltd (moneycatgroup.com) through my accountant's suggestion. 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: API access|Social trading features|Detailed reporting
Cons: Slow to add new assets|Onboarding videos are outdated
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Impersonation of Money Cat Group Pty Ltd (moneycatgroup.com) recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Good analytical tools|Market news feed
Cons: Email notifications too frequent|Spreads widen during volatile periods
If you are reading this considering Impersonation of Money Cat Group Pty Ltd (moneycatgroup.com) - run. I wish I had read more negative reviews from a blog post comparing services. I thought the positive ones were real. Maybe some are. My experience over for nearly two years has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Fast deposits|Professional team|Clean UI|Stable platform
Cons: Limited cryptocurrency options