Impersonaton of Sunvest Corporation Limited (ferrobits.com) has been flagged by ASIC (Australia) for "Imposter". Addresses: 48 Frouds Road Tyabb Victoria Australia; 136 Besline Street Kuraby QLD 4112 This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: ferrobits.com.
I am in a dispute with Impersonaton of Sunvest Corporation Limited (ferrobits.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: Fast support response|Detailed reporting|Real-time alerts|Helpful community forum
Cons: No live chat on mobile|Help articles are sometimes vague
I gave Impersonaton of Sunvest Corporation Limited (ferrobits.com) a fair chance. After since early this year 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: Fast support response|Competitive fees|No hidden fees|Detailed reporting
Cons: None so far|No dark mode on mobile
I closed a profitable position at Impersonaton of Sunvest Corporation Limited (ferrobits.com) and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Customizable dashboard|Copy trading available
Cons: Wait times can be long during peak hours|Alert system is basic
My withdrawal request from Impersonaton of Sunvest Corporation Limited (ferrobits.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: Good mobile app|Professional team
Cons: Limited ETF selection|No crypto staking
I have been trying to close my account with Impersonaton of Sunvest Corporation Limited (ferrobits.com) for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Clean UI|Two-factor authentication
Cons: Mobile app could be improved|No phone support on weekends
Impersonaton of Sunvest Corporation Limited (ferrobits.com) had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Stable platform|Tax reports included
Cons: Search feature is basic