MCF Consultants has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: +44 203 7699 260
Addresses: Haymarket London SW1Y Special Zone Press Bldgand 6008 Shennan Boulevard Shenzhen Guangdong PRC 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.mcfconsultants.com.
I wanted to transfer my portfolio from another broker to MCF Consultants. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Automated trading options|Regular updates
Cons: Cannot customize dashboard fully|Some tools only available on higher tiers
MCF Consultants locked my account without warning and demanded documents I had already submitted. since early this year later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Demo account available|Segregated accounts
Cons: Wish they had more educational resources
I found MCF Consultants when my bank disappointed me and I searched for alternatives and the initial impression was positive. But since the beginning of the year later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Risk management tools|Multi-currency support|Detailed reporting
Cons: Research section could be deeper
What really bothers me about MCF Consultants is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them based on a colleague's recommendation and I fell for the polished exterior. Never again.
Pros: Good mobile app|Portfolio tracking tools|Multiple order types|No hidden fees
Cons: No integrated tax optimization
I requested my data from MCF Consultants under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Stable platform|Fast deposits|Professional team
Cons: No crypto staking|Mobile app could be improved
Opened my account with MCF Consultants after a friend recommended them and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Quick verification|Risk management tools|Detailed reporting
Cons: Currency conversion fee exists
The spread at MCF Consultants is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them through my accountant's suggestion and initially thought the platform was good - until I started trading seriously.
Pros: Portfolio tracking tools|Good analytical tools
Cons: Would like more payment methods
My withdrawal from MCF Consultants was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for roughly four months of being strung along.
Pros: Helpful community forum|Smooth onboarding
Cons: Limited ETF selection|Limited social trading features