PENDO BANK has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". Firm states on website they are registered with The FCA when not - Breach of s24 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.pendobank.com.
My withdrawal request from PENDO BANK has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Multi-device support|Economic calendar|Demo account available
Cons: Help articles are sometimes vague|Minimum deposit could be lower
I was contacted by PENDO BANK 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: Withdrawal fees demanded|Communication cut off|Not authorized
Do not be fooled by the professional-looking website. Behind the scenes, PENDO BANK is disorganized and incompetent. I found them after a friend recommended them and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Instant funding|Transparent fees
Cons: Inactivity fee applies after 12 months|Research section could be deeper
I found PENDO BANK from a blog post comparing services and the initial impression was positive. But for the past six months 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: Tax reports included|Regular platform improvements|Fast support response
Cons: Spreads widen during volatile periods|Account statements could be more detailed
I was about to invest with PENDO BANK but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Conduct Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Pros: Website looks legitimate on the surface
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
The only good thing about PENDO BANK is that they remind you why regulation matters. I found them through a financial advisor. 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: Responsive team|Wide product range
Cons: Email notifications too frequent
I lost a significant amount because PENDO BANK 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: Fast support response|Clean UI|Detailed reporting
Cons: Alert system is basic|No crypto staking
After for the past six months with PENDO BANK 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: Professional team|Multi-currency support|Smooth onboarding
Cons: Alert system is basic
I joined PENDO BANK through word of mouth in my investment club and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Great customer service|Personal attention|Market news feed
Cons: Would like more payment methods|Mobile app could be improved