Pickons (pickons.info) 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: pickons.info.
After for about ten months with Pickons (pickons.info) 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: Customizable dashboard|High security standards|Real-time alerts|Fast execution
Cons: Minor UI glitches occasionally
I gave Pickons (pickons.info) a fair chance. After for a couple of months now of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Real-time alerts|Responsive team|Full transparency|Tax reports included
Cons: Inactivity fee applies after 12 months|Account statements could be more detailed
I wanted to transfer my portfolio from another broker to Pickons (pickons.info). 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: Competitive fees|Fast execution|Easy withdrawals|Multi-device support
Cons: Mobile app could be improved
After for about eight months with Pickons (pickons.info), I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: High security standards|Two-factor authentication|Portfolio tracking tools
Cons: None so far|Slow to add new assets
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Pickons (pickons.info) recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Transparent fees|Market news feed
Cons: Email notifications too frequent|Help articles are sometimes vague