Brokerages

New York Financial Group

1.5 (11 reviews)
🇬🇧 United Kingdom
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1.5
11 reviews
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About New York Financial Group

New York Financial Group 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: www.newyorkfinancialgroupllc.com.

Customer Reviews

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Checked with regulators - they're not licensed

D
Daniel E.
1 months ago

I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that New York Financial Group 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: Not registered with regulators|Unrealistic promises

Can not recommend in any way

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Edward P.
3 months ago

Do not use New York Financial Group for anything serious. I used them for a few weeks now 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: Customizable dashboard|Multi-device support|Regular platform improvements

Cons: Would like more payment methods|No dark mode on mobile

Cannot withdraw funds - classic scam

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Edward B.
4 months ago

I invested $25,000 with New York Financial Group after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Financial Conduct Authority.

Pros: Initially responsive customer service

Cons: Cannot withdraw funds|Not regulated|Pressure tactics

Important information for potential investors

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Karen O.
5 months ago

For anyone considering New York Financial Group, please be aware that this company has been flagged by Financial Conduct Authority. 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: Appears in regulatory warnings database|Uncertain regulatory status

I want my money back

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Carl W.
6 months ago

Customer support at New York Financial Group 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: Market news feed|Personal attention|Intuitive for beginners|Excellent charting

Cons: Help articles are sometimes vague|Limited demo account features

Bait and switch tactics

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Liam E.
8 months ago

I found New York Financial Group through a financial advisor and the initial impression was positive. But for about five months 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: Regular platform improvements|Smooth onboarding|Dividend tracking|Great customer service

Cons: Mobile app could be improved|No crypto staking

Terms change without notice

C
Connor S.
8 months ago

I had a dispute with New York Financial Group and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.

Pros: Quick verification|Multi-currency support|Market news feed|Comprehensive tools

Cons: No integrated tax optimization

Market maker conflict

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Nathan Z.
9 months ago

I trusted New York Financial Group with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.

Pros: Intuitive for beginners|Reliable uptime|Good mobile app|Stable platform

Cons: Desktop app not available on Linux

Dealing desk manipulation

C
Connor L.
11 months ago

I requested my data from New York Financial Group 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: Regular updates|Detailed reporting

Cons: Would like more payment methods|Cannot customize dashboard fully

No original thought

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Adrian Z.
11 months ago

I had high hopes for New York Financial Group through a forum discussion, 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: Two-factor authentication|Segregated accounts

Cons: Withdrawal takes 1-2 business days|Wish they had more educational resources