McGibbs Investment Consultant (mcgibbsconsulting.com) has been flagged by ASIC (Australia) for "Unlicensed". Phones: 61480002180
Addresses: 614 St Kilda Road Melbourne Vic 3004; 205 Homer Street Earlwood NSW 2206 This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: mcgibbsconsulting.com.
I wanted to transfer my portfolio from another broker to McGibbs Investment Consultant (mcgibbsconsulting.com). 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: Two-factor authentication|Demo account available
Cons: None so far|Account statements could be more detailed
The hidden fees at McGibbs Investment Consultant (mcgibbsconsulting.com) are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Wide product range|Market news feed
Cons: Website design could be more modern|No integrated tax optimization
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. McGibbs Investment Consultant (mcgibbsconsulting.com) recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Automated trading options|Intuitive for beginners
Cons: Minimum deposit could be lower|Limited social trading features
I requested my data from McGibbs Investment Consultant (mcgibbsconsulting.com) 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: API access|Market news feed|Customizable dashboard
Cons: Wish they had more educational resources
Do not use McGibbs Investment Consultant (mcgibbsconsulting.com) for anything serious. I used them for the past six months 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: Educational resources|Easy to use platform|Fast support response|Instant funding
Cons: Minimum deposit could be lower|Could offer more webinars
McGibbs Investment Consultant (mcgibbsconsulting.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: Segregated accounts|Quick verification|Wide product range|Low minimum deposit
Cons: Could offer more webinars
The mobile app from McGibbs Investment Consultant (mcgibbsconsulting.com) 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: Automated trading options|Fast execution|Intuitive for beginners|Social trading features
Cons: Email notifications too frequent|Some tools only available on higher tiers
I lost a significant amount because McGibbs Investment Consultant (mcgibbsconsulting.com) did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Automated trading options|Real-time alerts
Cons: No dark mode on mobile|Website design could be more modern
My withdrawal from McGibbs Investment Consultant (mcgibbsconsulting.com) 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: Wide product range|Responsive team|Good mobile app
Cons: Wait times can be long during peak hours|Could offer more webinars
McGibbs Investment Consultant (mcgibbsconsulting.com) has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: Instant funding|Full transparency
Cons: None so far