Passive Pro Bank (passiveprobank.com) has been flagged by ASIC (Australia) for "Unlicensed". Phones: +(1)12304528597
Addresses: Waterloo, Macquarie Park, Australia This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: passiveprobank.com.
I wanted to transfer my portfolio from another broker to Passive Pro Bank (passiveprobank.com). 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: Dedicated account manager|Tax reports included
Cons: Live chat only during business hours
Do not be fooled by the professional-looking website. Behind the scenes, Passive Pro Bank (passiveprobank.com) is disorganized and incompetent. I found them from a blog post comparing services and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Real-time alerts|Reliable uptime
Cons: No fractional shares|Wait times can be long during peak hours
I closed a profitable position at Passive Pro Bank (passiveprobank.com) and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Competitive fees|Instant funding|Two-factor authentication
Cons: Help articles are sometimes vague|Website design could be more modern
Opened my account with Passive Pro Bank (passiveprobank.com) while looking for alternatives to my previous provider and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Segregated accounts|Good mobile app
Cons: Limited cryptocurrency options|Wish they had more educational resources
I found Passive Pro Bank (passiveprobank.com) through a podcast recommendation and the initial impression was positive. But since mid-2025 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: Detailed reporting|Dividend tracking|Competitive fees
Cons: Onboarding videos are outdated|Limited cryptocurrency options