NY Shell Stock Exchange has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Regist...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I found NY Shell Stock Exchange after a friend recommended 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: Good mobile app|Social trading features|Helpful community forum|Dedicated account manager
Cons: No fractional shares
I was contacted by NY Shell Stock Exchange 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: Cannot withdraw funds|Not regulated|Pressure tactics
The mobile app from NY Shell Stock Exchange is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Low minimum deposit|Demo account available|Instant funding
Cons: Mobile app could be improved|Live chat only during business hours
NY Shell Stock Exchange changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Fast deposits|Detailed reporting|Personal attention|High security standards
Cons: Wish they had more educational resources|Alert system is basic
The so-called education at NY Shell Stock Exchange is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for close to eighteen months thinking they would help me learn.
Pros: Great customer service|Excellent charting|Multiple order types|Wide product range
Cons: None so far|Minimum deposit could be lower