NitiVest has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". Firm states on website they are registered with The FCA when not - Breach of s24 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.nitivest.com.
NitiVest locked my account without warning and demanded documents I had already submitted. for the past six months later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Comprehensive tools|Segregated accounts|Low minimum deposit
Cons: Some tools only available on higher tiers|Account statements could be more detailed
KYC with NitiVest is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Risk management tools|Fast support response
Cons: Website design could be more modern
My withdrawal from NitiVest was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for a few weeks now of being strung along.
Pros: Fast support response|Educational resources|Clean UI
Cons: Website design could be more modern|Slow to add new assets
My card was charged twice by NitiVest on the same day. I had to dispute it with my bank. NitiVest 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: Real-time alerts|Reliable uptime|Customizable dashboard|Fast support response
Cons: Limited ETF selection|No dark mode on mobile
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. NitiVest said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Dedicated account manager|Professional team
Cons: Email notifications too frequent
Tried to withdraw my funds from NitiVest and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Cons: Lost entire investment|Reported to authorities|Unresponsive
After seeing ads for NitiVest online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Financial Conduct Authority. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
I wanted to transfer my portfolio from another broker to NitiVest. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Regular updates|High security standards|Helpful community forum|Clean UI
Cons: Website design could be more modern
I experienced a security concern with my NitiVest account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Fast deposits|Easy withdrawals|Regular platform improvements|Demo account available
Cons: No integrated tax optimization
I found NitiVest after my brother mentioned them and the initial impression was positive. But since last summer 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: Intuitive for beginners|Multi-device support|Professional team|Stable platform
Cons: Limited cryptocurrency options|Withdrawal takes 1-2 business days