Mysafetreasury 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. Website domain: Mysafetreasury.
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that Mysafetreasury has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.
Cons: Unauthorized firm|Found in IOSCO warnings database
The reporting at Mysafetreasury 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: Good analytical tools|Segregated accounts
Cons: Website design could be more modern
I am in a dispute with Mysafetreasury over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Helpful community forum|Fast execution|Smooth onboarding|Social trading features
Cons: Account statements could be more detailed|Wish they had more educational resources
Mysafetreasury 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: Multi-device support|Good mobile app|Easy to use platform|Easy withdrawals
Cons: No dark mode on mobile|Would like more payment methods
I want to warn everyone about Mysafetreasury. They have been flagged by Financial Conduct Authority 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.
Cons: Cannot withdraw funds|Not regulated|Pressure tactics