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.
The only good thing about SpringFX (springfxinv.com) is that they remind you why regulation matters. I found them after attending a webinar they hosted. 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: Fast execution|Good mobile app
Cons: No phone support on weekends|Spreads widen during volatile periods
I experienced a security concern with my SpringFX (springfxinv.com) 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: Economic calendar|Two-factor authentication|Educational resources
Cons: No dark mode on mobile
KYC with SpringFX (springfxinv.com) is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Good analytical tools|Dividend tracking|Demo account available|Segregated accounts
Cons: No crypto staking
Do not believe the bonus offer from SpringFX (springfxinv.com). The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited through a financial advisor and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Fast execution|Good analytical tools
Cons: Email notifications too frequent|Limited demo account features
Do not be fooled by the professional-looking website. Behind the scenes, SpringFX (springfxinv.com) is disorganized and incompetent. I found them after a trusted YouTuber reviewed them and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Great customer service|Personal attention|Wide product range|No hidden fees
Cons: Minimum deposit could be lower|Website design could be more modern