MY SHARES has been flagged by Securities and Exchange Commission 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. Website domain: https://www.my-shares.com.ng.
For anyone considering MY SHARES, please be aware that this company has been flagged by Securities and Exchange Commission. This does not necessarily mean they are a scam, but it does mean they may not be authorized to operate in certain jurisdictions. I strongly recommend checking the official regulator website before making any investment decisions.
Cons: Flagged by international regulators|Due diligence required
I want to warn everyone about MY SHARES. They have been flagged by Securities and Exchange Commission as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.
Pros: Initially responsive customer service
Cons: Withdrawal fees demanded|Communication cut off|Not authorized
I have been trying to close my account with MY SHARES 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: Two-factor authentication|Helpful community forum
Cons: Minor UI glitches occasionally
MY SHARES seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Two-factor authentication|Clear documentation
Cons: Limited demo account features
I requested my data from MY SHARES 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: Responsive team|Full transparency|Stable platform|Good mobile app
Cons: No crypto staking|Currency conversion fee exists
The reporting at MY SHARES is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Fast deposits|Real-time alerts|Excellent charting
Cons: No crypto staking
MY SHARES has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Segregated accounts|Professional team|Full transparency|Clear documentation
Cons: Onboarding videos are outdated
I experienced a security concern with my MY SHARES account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Clean UI|Helpful community forum|Detailed reporting
Cons: Currency conversion fee exists
Several red flags with MY SHARES: (1) They promise unrealistically high returns, (2) They're not registered with Securities and Exchange Commission, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Not registered with regulators|Unrealistic promises
MY SHARES offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Economic calendar|Fast support response|Multi-device support
Cons: Alert system is basic|Some tools only available on higher tiers