Impersonation of Spartan Asset Management Pty Ltd (spartanam.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: spartanam.com.
I gave Impersonation of Spartan Asset Management Pty Ltd (spartanam.com) a fair chance. After for a couple of months now of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Economic calendar|Automated trading options|Real-time alerts
Cons: Could offer more webinars
I opened an account with Impersonation of Spartan Asset Management Pty Ltd (spartanam.com) for just over a year 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 analytical tools|Full transparency
Cons: Account statements could be more detailed
Do not be fooled by the professional-looking website. Behind the scenes, Impersonation of Spartan Asset Management Pty Ltd (spartanam.com) is disorganized and incompetent. I found them through a forum discussion and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Segregated accounts|Clear documentation|Clean UI|Low minimum deposit
Cons: Spreads widen during volatile periods
Impersonation of Spartan Asset Management Pty Ltd (spartanam.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: Fast support response|Personal attention
Cons: Website design could be more modern
The reporting at Impersonation of Spartan Asset Management Pty Ltd (spartanam.com) is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Segregated accounts|Fast deposits
Cons: Wait times can be long during peak hours
Impersonation of Spartan Asset Management Pty Ltd (spartanam.com) 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: Helpful community forum|Risk management tools|Responsive team|Economic calendar
Cons: Live chat only during business hours|Withdrawal takes 1-2 business days
My withdrawal request from Impersonation of Spartan Asset Management Pty Ltd (spartanam.com) has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Two-factor authentication|Social trading features|Dividend tracking|Responsive team
Cons: Withdrawal takes 1-2 business days
What really bothers me about Impersonation of Spartan Asset Management Pty Ltd (spartanam.com) is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them after seeing their ad online and I fell for the polished exterior. Never again.
Pros: Full transparency|Personal attention|Educational resources
Cons: No fractional shares|Research section could be deeper
Do not use Impersonation of Spartan Asset Management Pty Ltd (spartanam.com) for anything serious. I used them for the past year and a half 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: Tax reports included|High security standards|Social trading features|Portfolio tracking tools
Cons: No fractional shares|No dark mode on mobile
After spending for nearly two years trying to make Impersonation of Spartan Asset Management Pty Ltd (spartanam.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: Stable platform|Professional team|Quick verification
Cons: Limited ETF selection|Limited social trading features