SpringFX (springfxinv.com) has been flagged by ASIC (Australia) for "Unlicensed". Addresses: No 2 Galleyway NB Portsmouth New York This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: springfxinv.com.
SpringFX (springfxinv.com) 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: High security standards|Fast support response|Low minimum deposit
Cons: Website design could be more modern|No crypto staking
I lost a significant amount because SpringFX (springfxinv.com) 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: Low minimum deposit|High security standards|Risk management tools
Cons: Help articles are sometimes vague
I found SpringFX (springfxinv.com) through a financial advisor and the initial impression was positive. But since I opened my account last 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: Good mobile app|Wide product range|Good analytical tools|Segregated accounts
Cons: Could offer more webinars|Onboarding videos are outdated
I gave SpringFX (springfxinv.com) a fair chance. After for about three months 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: Instant funding|Two-factor authentication|Quick verification|Dividend tracking
Cons: No crypto staking|Spreads widen during volatile periods
The reporting at SpringFX (springfxinv.com) is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Fast support response|Copy trading available|Transparent fees|Regular updates
Cons: Desktop app not available on Linux|Limited demo account features
The onboarding at SpringFX (springfxinv.com) was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Dedicated account manager|Helpful community forum|Demo account available
Cons: Wait times can be long during peak hours
SpringFX (springfxinv.com) advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Multiple order types|Social trading features
Cons: Website design could be more modern|Wait times can be long during peak hours
After for about three months with SpringFX (springfxinv.com) 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: Reliable uptime|Responsive team|Tax reports included
Cons: None so far
My withdrawal from SpringFX (springfxinv.com) 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. for a few weeks now of being strung along.
Pros: Tax reports included|Fast support response|Wide product range|Intuitive for beginners
Cons: Minor UI glitches occasionally
I referred a friend to SpringFX (springfxinv.com) after a family member had a good experience. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Quick verification|Good mobile app|Easy withdrawals
Cons: No live chat on mobile