SixGroupTrust has been flagged by Ontario Securities Commission for "Unregistered/Unlicensed entity offering financial products or services". SixGroupTrust found at www.sixgrouptrust.net and/or www.sixgrouptrust.com is not registered in Ontario to engage in the business of trading in securities. This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
The so-called education at SixGroupTrust is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted since I retired last year thinking they would help me learn.
Pros: Comprehensive tools|Instant funding
Cons: Withdrawal takes 1-2 business days
SixGroupTrust changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: No hidden fees|Regular updates
Cons: Would like more payment methods
I am in a dispute with SixGroupTrust 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: Transparent fees|Instant funding
Cons: Nothing significant
SixGroupTrust 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: Customizable dashboard|Multi-device support|Easy to use platform|Wide product range
Cons: No dark mode on mobile
SixGroupTrust had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Multi-device support|High security standards|Responsive team
Cons: Search feature is basic
I opened an account with SixGroupTrust for about three 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: Easy to use platform|Clear documentation
Cons: Alert system is basic|Desktop app not available on Linux
I looked into SixGroupTrust and found they appear in the regulatory warnings database. Ontario Securities Commission has issued a notice about this firm. Whether this is a misunderstanding or a serious concern, the fact remains that proper due diligence is essential. Always verify the regulatory status of any company before investing your hard-earned money.
Cons: Listed in IOSCO I-SCAN|May not be authorized in your jurisdiction
Tried to withdraw my funds from SixGroupTrust and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Pros: Professional looking website
Cons: No regulatory oversight|Money disappeared|Fake testimonials
I wanted to transfer my portfolio from another broker to SixGroupTrust. 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: Full transparency|API access|Transparent fees|Good mobile app
Cons: Limited ETF selection|Minor UI glitches occasionally
I requested my data from SixGroupTrust under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Two-factor authentication|Reliable uptime|Excellent charting|Easy withdrawals
Cons: None so far