PeakTradePro has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
After for the past six months with PeakTradePro I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: No hidden fees|Responsive team|Tax reports included|Instant funding
Cons: Live chat only during business hours|Website design could be more modern
I wanted to transfer my portfolio from another broker to PeakTradePro. 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: Responsive team|Fast execution|Stable platform|Easy withdrawals
Cons: Spreads widen during volatile periods|Help articles are sometimes vague
I lost a significant amount because PeakTradePro 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: Responsive team|Regular updates|No hidden fees|Social trading features
Cons: Account statements could be more detailed|Limited demo account features
I had high hopes for PeakTradePro when my bank disappointed me and I searched for alternatives, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Transparent fees|Copy trading available
Cons: Wait times can be long during peak hours