Myers & Baker Associates has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: +1 212 401 6226, fax +1 212 504 8256
Addresses: 99 Hudson Street 5th Floor Manhattan New York 10013 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.myersbakerassociates.com.
I signed up with Myers & Baker Associates when my bank disappointed me and I searched for alternatives 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: Professional team|Fast execution|Automated trading options
Cons: Currency conversion fee exists|Desktop app not available on Linux
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. Myers & Baker Associates said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Segregated accounts|Comprehensive tools|Clean UI|Professional team
Cons: No phone support on weekends|Wait times can be long during peak hours
Myers & Baker Associates 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: Good analytical tools|Fast execution
Cons: Alert system is basic|Could offer more webinars
I gave Myers & Baker Associates a fair chance. After for roughly four months of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: No hidden fees|Intuitive for beginners|Real-time alerts
Cons: Currency conversion fee exists
Customer support at Myers & Baker Associates seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Real-time alerts|Tax reports included|Great customer service
Cons: Research section could be deeper
I had high hopes for Myers & Baker Associates after hearing about them at a conference, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Automated trading options|Portfolio tracking tools
Cons: Desktop app not available on Linux|Nothing significant
My withdrawal request from Myers & Baker Associates has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Clear documentation|Full transparency|Professional team|Multi-device support
Cons: Limited ETF selection
The so-called education at Myers & Baker Associates is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for close to eighteen months thinking they would help me learn.
Pros: No hidden fees|Copy trading available|Demo account available
Cons: Currency conversion fee exists