Peak Traders (peak-traders.com) has been flagged by ASIC (Australia) for "Unlicensed". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: peak-traders.com.
The mobile app from Peak Traders (peak-traders.com) 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: Multi-device support|Great customer service|Dividend tracking|Clean UI
Cons: Limited ETF selection|Desktop app not available on Linux
The platform at Peak Traders (peak-traders.com) is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for roughly four months of dealing with this, I have had enough.
Pros: Fast execution|Portfolio tracking tools
Cons: No integrated tax optimization
I lost a significant amount because Peak Traders (peak-traders.com) did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Portfolio tracking tools|Multi-device support|Instant funding|Regular platform improvements
Cons: Some tools only available on higher tiers|Website design could be more modern
I have been trying to close my account with Peak Traders (peak-traders.com) 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: Helpful community forum|No hidden fees|Fast deposits|Real-time alerts
Cons: No dark mode on mobile|Charting tools need more indicators
Customer support at Peak Traders (peak-traders.com) seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Dividend tracking|No hidden fees
Cons: Onboarding videos are outdated|Would like more payment methods
The only good thing about Peak Traders (peak-traders.com) is that they remind you why regulation matters. I found them through word of mouth in my investment club. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Transparent fees|Low minimum deposit
Cons: Mobile app could be improved
Opened my account with Peak Traders (peak-traders.com) through my accountant's suggestion 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: High security standards|Portfolio tracking tools|Real-time alerts|Good mobile app
Cons: Limited ETF selection|Account statements could be more detailed
Peak Traders (peak-traders.com) seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Instant funding|API access
Cons: Limited cryptocurrency options
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. Peak Traders (peak-traders.com) said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Dedicated account manager|Automated trading options|Excellent charting
Cons: Mobile app could be improved
My card was charged twice by Peak Traders (peak-traders.com) on the same day. I had to dispute it with my bank. Peak Traders (peak-traders.com) 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: Smooth onboarding|Multi-currency support|Dedicated account manager|Automated trading options
Cons: No phone support on weekends