Nordic Alliance Bank has been flagged by Finansinspektionen for "Unregistered/Unlicensed entity offering financial products or services". Nordic Alliance Bank
Brunkebergstorg 11
103 37 Stockholm
Sweden
Telephone: +46 10 33 71 548, +46 10 33 71 491, +44 20 37 690 008 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. nordicalliance.net.
Nordic Alliance Bank advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Multi-currency support|Good mobile app|Detailed reporting|Comprehensive tools
Cons: Charting tools need more indicators|No fractional shares
Where do I even begin with Nordic Alliance Bank? for the past six months of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Full transparency|Educational resources|Portfolio tracking tools|Wide product range
Cons: Wait times can be long during peak hours|Inactivity fee applies after 12 months
I requested my data from Nordic Alliance Bank 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: Demo account available|Helpful community forum|Quick verification
Cons: Website design could be more modern|No integrated tax optimization
Nordic Alliance Bank 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: Segregated accounts|Multiple order types|Demo account available|Intuitive for beginners
Cons: No integrated tax optimization|Limited ETF selection
I invested $3,500 with Nordic Alliance Bank 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 Finansinspektionen.
Cons: Lost entire investment|Reported to authorities|Unresponsive