Progress Investments LLC has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Note: *This entity is passing off as a legitimate entity of the same name and is therefore not connected and should not be confused in any way with the following FINRA registered US firm: Progress Investments LLC (www.progresswealthmanagement.com) Ph: 305 779 9890 701 Brickell Avenue Suite 2... This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: progress-investments.com.
KYC with Progress Investments LLC is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: No hidden fees|Helpful community forum|Reliable uptime
Cons: Live chat only during business hours
Progress Investments LLC 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: Multiple order types|Fast execution
Cons: Inactivity fee applies after 12 months
The hidden fees at Progress Investments LLC are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: API access|Fast deposits
Cons: Inactivity fee applies after 12 months
After since mid-2025 with Progress Investments LLC, 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: Quick verification|Good mobile app|Regular platform improvements|Educational resources
Cons: Minimum deposit could be lower
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Progress Investments LLC recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Dedicated account manager|Responsive team|Copy trading available
Cons: Nothing significant|Desktop app not available on Linux
Do not be fooled by the professional-looking website. Behind the scenes, Progress Investments LLC is disorganized and incompetent. I found them from a review site like this one and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Detailed reporting|Fast deposits|Market news feed|Good analytical tools
Cons: No dark mode on mobile|Some tools only available on higher tiers
Where do I even begin with Progress Investments LLC? for about ten months of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Clean UI|Economic calendar
Cons: Wait times can be long during peak hours|Currency conversion fee exists
I wanted to transfer my portfolio from another broker to Progress Investments LLC. 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: Good mobile app|API access|Multiple order types|Social trading features
Cons: Onboarding videos are outdated