Steinberg Private Equity has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: +1 347 244 7052
Addresses: 590 Madison Avenue New York NY 10022 This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: steinbergpe.com.
What really bothers me about Steinberg Private Equity is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them based on a colleague's recommendation and I fell for the polished exterior. Never again.
Pros: Excellent charting|Risk management tools
Cons: Alert system is basic|Could offer more webinars
KYC with Steinberg Private Equity 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: Social trading features|Instant funding
Cons: Spreads widen during volatile periods
After using Steinberg Private Equity for over three years, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Dedicated account manager|Wide product range
Cons: No integrated tax optimization
I closed a profitable position at Steinberg Private Equity 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: Clear documentation|Good analytical tools|Risk management tools
Cons: No dark mode on mobile|No phone support on weekends
The mobile app from Steinberg Private Equity is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Segregated accounts|Transparent fees|Multiple order types|Copy trading available
Cons: Website design could be more modern|Wait times can be long during peak hours
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Steinberg Private Equity said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Regular platform improvements|Tax reports included|Dedicated account manager
Cons: Currency conversion fee exists
Steinberg Private Equity locked my account without warning and demanded documents I had already submitted. for about five months later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: API access|Quick verification|Multi-device support|Full transparency
Cons: Wish they had more educational resources
After since I retired last year with Steinberg Private Equity, 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: Responsive team|Portfolio tracking tools|Clean UI|Quick verification
Cons: Charting tools need more indicators|Nothing significant