SONIX has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: sonixtrades.org.
I experienced a security concern with my SONIX account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Reliable uptime|Dividend tracking
Cons: Help articles are sometimes vague
I was contacted by SONIX through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Pros: Professional looking website
Cons: Lost entire investment|Reported to authorities|Unresponsive
I was about to invest with SONIX but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Conduct Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Unauthorized firm|Found in IOSCO warnings database
SONIX 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: Smooth onboarding|Educational resources
Cons: No integrated tax optimization|Could offer more webinars
The platform itself is okay, but the customer service at SONIX 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: Dividend tracking|Excellent charting|Instant funding
Cons: Limited demo account features
The platform at SONIX is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for roughly four months of dealing with this, I have had enough.
Pros: Fast deposits|Multiple order types
Cons: Desktop app not available on Linux|Wish they had more educational resources
I found SONIX after a trusted YouTuber reviewed them and the initial impression was positive. But since the beginning of the year 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: Great customer service|Full transparency
Cons: Wait times can be long during peak hours|No crypto staking
I requested my data from SONIX 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: Fast execution|Social trading features
Cons: Limited cryptocurrency options|Website design could be more modern