South Beach Technologies Limited has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: +14-373-701-807
Addresses: 23rd Floor tower 1 The Enterprise Centre 6766 Ayala Avenue Makatai City 1200 Philippines; Trust Company Complex Ajeltake Road Ajeltake Island Majuro Marshall Islands MH9696 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.mlnfx.com.
I joined South Beach Technologies Limited from a blog post comparing services 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: Professional team|Regular updates
Cons: Withdrawal takes 1-2 business days|Spreads widen during volatile periods
I lost a significant amount because South Beach Technologies Limited 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: Segregated accounts|Personal attention
Cons: Minor UI glitches occasionally
If you are reading this considering South Beach Technologies Limited - run. I wish I had read more negative reviews while looking for alternatives to my previous provider. I thought the positive ones were real. Maybe some are. My experience over for about eight months has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Professional team|No hidden fees|Instant funding|Multi-device support
Cons: Limited cryptocurrency options
I wanted to transfer my portfolio from another broker to South Beach Technologies Limited. 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: Helpful community forum|Comprehensive tools
Cons: Mobile app could be improved|None so far
After since mid-2025 with South Beach Technologies Limited 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: Stable platform|Low minimum deposit|Multi-device support
Cons: None so far|Inactivity fee applies after 12 months
The only good thing about South Beach Technologies Limited is that they remind you why regulation matters. I found them from a review site like this one. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Professional team|Portfolio tracking tools|Multiple order types|No hidden fees
Cons: Wish they had more educational resources|No phone support on weekends
South Beach Technologies Limited seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Customizable dashboard|Portfolio tracking tools
Cons: No crypto staking
The hidden fees at South Beach Technologies Limited are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Dedicated account manager|Educational resources|Comprehensive tools
Cons: Slow to add new assets