Safeback (safeback.org) has been flagged by ASIC (Australia) for "Unlicensed". Addresses: London FigFlex Offices 18 King William St London EC4N 7BP United Kingdom This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: safeback.org.
The reporting at Safeback (safeback.org) is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Two-factor authentication|API access|Instant funding|Dedicated account manager
Cons: Limited cryptocurrency options
The platform itself is okay, but the customer service at Safeback (safeback.org) is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Wide product range|API access
Cons: Limited cryptocurrency options
The platform at Safeback (safeback.org) is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After since the beginning of the year of dealing with this, I have had enough.
Pros: Educational resources|Market news feed|Economic calendar|Real-time alerts
Cons: Could offer more webinars|No live chat on mobile
After spending for a couple of months now trying to make Safeback (safeback.org) work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Smooth onboarding|Market news feed|Multi-device support
Cons: Limited demo account features
I found Safeback (safeback.org) after a friend recommended them and the initial impression was positive. But for about five 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: Educational resources|Clear documentation|No hidden fees
Cons: Wait times can be long during peak hours
I closed a profitable position at Safeback (safeback.org) and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Copy trading available|Stable platform
Cons: No fractional shares|Slow to add new assets
I wanted to transfer my portfolio from another broker to Safeback (safeback.org). 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: Fast deposits|Multiple order types
Cons: Currency conversion fee exists
I opened an account with Safeback (safeback.org) for about five months ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Demo account available|Automated trading options|Multiple order types
Cons: Wait times can be long during peak hours|No fractional shares
My withdrawal request from Safeback (safeback.org) 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: Dividend tracking|Tax reports included|Multiple order types
Cons: Live chat only during business hours|Minor UI glitches occasionally
I lost a significant amount because Safeback (safeback.org) 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: No hidden fees|Automated trading options
Cons: Currency conversion fee exists|No live chat on mobile