The Financial & Regulatory Oversight Board has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: (617) 209-7593, fax (617) 892-4245
Addresses: 60 State Street Suite 700 Boston Massachusetts 02109 This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: finregboard.org.
The Financial & Regulatory Oversight Board has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: Customizable dashboard|Competitive fees
Cons: Alert system is basic
I had high hopes for The Financial & Regulatory Oversight Board from a review site like this one, 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: Easy withdrawals|Personal attention|Dividend tracking
Cons: Mobile app could be improved|Would like more payment methods
KYC with The Financial & Regulatory Oversight Board 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: API access|Wide product range|Customizable dashboard
Cons: Wait times can be long during peak hours|Inactivity fee applies after 12 months
The Financial & Regulatory Oversight Board 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: Full transparency|Regular updates|Professional team
Cons: Spreads widen during volatile periods|Research section could be deeper
The Financial & Regulatory Oversight Board changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: API access|Market news feed|Quick verification
Cons: Research section could be deeper
What really bothers me about The Financial & Regulatory Oversight Board is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them through a podcast recommendation and I fell for the polished exterior. Never again.
Pros: Educational resources|Good mobile app|Competitive fees|Demo account available
Cons: Withdrawal takes 1-2 business days|Limited demo account features