Newburgh Asset Management has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: fax 1 440 348 7768
Addresses: 2358 Harvard Avenue Newburgh Heights Cleveland Ohio 44105 USA 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.newburghasset.com.
I opened an account with Newburgh Asset Management for about three months ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Transparent fees|Good mobile app|Competitive fees|Regular updates
Cons: No live chat on mobile|Would like more payment methods
Newburgh Asset Management 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: Portfolio tracking tools|Multi-device support
Cons: Limited social trading features
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. Newburgh Asset Management said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Competitive fees|Low minimum deposit
Cons: Nothing significant