Jicek has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Jicek 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: Excellent charting|Competitive fees|Multi-device support|Economic calendar
Cons: Slow to add new assets|Limited ETF selection
The mobile app from Jicek 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: Economic calendar|Customizable dashboard|Responsive team
Cons: Charting tools need more indicators
Do not use Jicek for anything serious. I used them since I retired last year 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: Responsive team|Stable platform|Educational resources
Cons: Nothing significant|Inactivity fee applies after 12 months
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. Jicek said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Full transparency|Multi-currency support|Educational resources|Professional team
Cons: No integrated tax optimization|Wish they had more educational resources