Independent Brokers LLC has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: +1-212-401-6183
Addresses: 55 Broad Street New York NY10004 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.independentbrokersllc.com.
Independent Brokers LLC advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Portfolio tracking tools|Customizable dashboard|Clean UI
Cons: Live chat only during business hours|No dark mode on mobile
I signed up with Independent Brokers LLC through word of mouth in my investment club 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: Personal attention|Great customer service|Dedicated account manager|Multiple order types
Cons: Live chat only during business hours|Help articles are sometimes vague
The mobile app from Independent Brokers LLC is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Market news feed|Tax reports included|No hidden fees
Cons: No dark mode on mobile|Wish they had more educational resources
I referred a friend to Independent Brokers LLC when my bank disappointed me and I searched for alternatives. 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: Regular updates|Full transparency|Real-time alerts|Fast execution
Cons: Nothing significant|Wish they had more educational resources