Trade Fire Online Trading Systems UK Limited has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Addresses: 8th Fl 16 Martin's Le Grand London EC1A 4EN This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: tradefiresystems.com.
The platform itself is okay, but the customer service at Trade Fire Online Trading Systems UK Limited is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Portfolio tracking tools|Market news feed
Cons: Research section could be deeper|Withdrawal takes 1-2 business days
After using Trade Fire Online Trading Systems UK Limited for about five months, 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|Instant funding
Cons: Slow to add new assets
KYC with Trade Fire Online Trading Systems UK Limited 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: Personal attention|Great customer service|Multi-device support|Responsive team
Cons: No integrated tax optimization
Do not use Trade Fire Online Trading Systems UK Limited for anything serious. I used them for about five months for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Excellent charting|Risk management tools|Fast execution|Easy to use platform
Cons: Cannot customize dashboard fully
The mobile app from Trade Fire Online Trading Systems UK Limited 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: Risk management tools|Multiple order types|Easy to use platform|Great customer service
Cons: Wish they had more educational resources|Website design could be more modern
After since early this year with Trade Fire Online Trading Systems UK Limited 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: Economic calendar|Responsive team
Cons: No fractional shares|None so far