Secured Collateral has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". 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.securedprivatewealth.com.
I joined Secured Collateral after a trusted YouTuber reviewed them 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: Good analytical tools|Segregated accounts|Automated trading options|Easy to use platform
Cons: No phone support on weekends|Some tools only available on higher tiers
I had high hopes for Secured Collateral after a friend recommended them, 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: Comprehensive tools|Good mobile app|Fast execution
Cons: Wish they had more educational resources
After spending for about ten months trying to make Secured Collateral 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: Reliable uptime|Personal attention|Multi-currency support
Cons: Withdrawal takes 1-2 business days
The spread at Secured Collateral is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after reading several online reviews and initially thought the platform was good - until I started trading seriously.
Pros: Easy withdrawals|Dedicated account manager|Helpful community forum
Cons: Would like more payment methods|Limited social trading features
Secured Collateral 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: Intuitive for beginners|Clean UI
Cons: None so far
I signed up with Secured Collateral through a podcast recommendation and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Smooth onboarding|Clear documentation
Cons: Charting tools need more indicators|Withdrawal takes 1-2 business days
After for about three months with Secured Collateral, 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: Low minimum deposit|Clean UI|Wide product range|API access
Cons: No dark mode on mobile
What really bothers me about Secured Collateral is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them through a podcast recommendation and I fell for the polished exterior. Never again.
Pros: Multi-device support|Tax reports included|Clean UI
Cons: Live chat only during business hours|Some tools only available on higher tiers