sownotx has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
My withdrawal from sownotx was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. since I opened my account last year of being strung along.
Pros: Segregated accounts|Detailed reporting|Automated trading options|Regular updates
Cons: Live chat only during business hours
I had high hopes for sownotx after comparing multiple platforms, 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: No hidden fees|Excellent charting|Fast support response|Comprehensive tools
Cons: Nothing significant
The spread at sownotx is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after a family member had a good experience and initially thought the platform was good - until I started trading seriously.
Pros: Market news feed|Smooth onboarding|Dedicated account manager
Cons: Mobile app could be improved|Currency conversion fee exists
Tried to withdraw my funds from sownotx 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.
Cons: No regulatory oversight|Money disappeared|Fake testimonials
After seeing ads for sownotx online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Financial Markets Authority. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Cons: Unauthorized firm|Found in IOSCO warnings database
I gave sownotx a fair chance. After for nearly two years of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Easy to use platform|Fast execution|Low minimum deposit
Cons: Search feature is basic
I have been trying to close my account with sownotx for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Professional team|Educational resources|Responsive team|Regular platform improvements
Cons: Cannot customize dashboard fully
I closed a profitable position at sownotx and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Clean UI|Personal attention|Educational resources|Multiple order types
Cons: Search feature is basic
After spending for roughly four months trying to make sownotx 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: High security standards|Professional team|Helpful community forum|Clear documentation
Cons: Alert system is basic
After for a few weeks now with sownotx, 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: Comprehensive tools|Copy trading available|High security standards
Cons: No live chat on mobile