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.
I am in a dispute with Safeback (safeback.org) over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Clear documentation|Multiple order types
Cons: Withdrawal takes 1-2 business days|No dark mode on mobile
After for about three months with Safeback (safeback.org) 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: Market news feed|Copy trading available|Instant funding|Good analytical tools
Cons: Withdrawal takes 1-2 business days
Safeback (safeback.org) offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Comprehensive tools|API access
Cons: Wait times can be long during peak hours|Withdrawal takes 1-2 business days
I had high hopes for Safeback (safeback.org) through my accountant's suggestion, 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: Dedicated account manager|Excellent charting|Educational resources|Intuitive for beginners
Cons: Live chat only during business hours
KYC with Safeback (safeback.org) 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: Detailed reporting|Regular updates|Risk management tools|No hidden fees
Cons: No fractional shares|Limited cryptocurrency options