Niagarahub.net has been flagged by British Columbia Securities 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.
I am in a dispute with Niagarahub.net 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: Market news feed|Stable platform|Regular platform improvements
Cons: Help articles are sometimes vague
I was contacted by Niagarahub.net through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Cons: Withdrawal fees demanded|Communication cut off|Not authorized
Several red flags with Niagarahub.net: (1) They promise unrealistically high returns, (2) They're not registered with British Columbia Securities 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: Unauthorized firm|Found in IOSCO warnings database
I have been trying to close my account with Niagarahub.net 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: Clean UI|Great customer service
Cons: Desktop app not available on Linux|Cannot customize dashboard fully
My card was charged twice by Niagarahub.net on the same day. I had to dispute it with my bank. Niagarahub.net then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Clean UI|Fast execution|Transparent fees|Quick verification
Cons: Slow to add new assets