Transfer Exchange Corporation has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: 1 212 461 3170
Addresses: 445 Broad Hollow Road Melville NY 11747 This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.transferexchangecorp.com.
Do not be fooled by the professional-looking website. Behind the scenes, Transfer Exchange Corporation is disorganized and incompetent. I found them through a financial advisor and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Segregated accounts|Quick verification|Multi-currency support|Easy withdrawals
Cons: Research section could be deeper|Mobile app could be improved
I opened an account with Transfer Exchange Corporation since I opened my account last year ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Comprehensive tools|Real-time alerts|Demo account available
Cons: No phone support on weekends
Do not use Transfer Exchange Corporation for anything serious. I used them for a few weeks now 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: Detailed reporting|Educational resources
Cons: Onboarding videos are outdated|Live chat only during business hours
I requested my data from Transfer Exchange Corporation under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Smooth onboarding|Excellent charting
Cons: No live chat on mobile
I lost a significant amount because Transfer Exchange Corporation 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: Smooth onboarding|Demo account available|Easy to use platform|Personal attention
Cons: Help articles are sometimes vague
If you are reading this considering Transfer Exchange Corporation - run. I wish I had read more negative reviews after a trusted YouTuber reviewed them. I thought the positive ones were real. Maybe some are. My experience over for roughly four months has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Social trading features|Low minimum deposit|Multi-device support|Automated trading options
Cons: Alert system is basic|Email notifications too frequent
The onboarding at Transfer Exchange Corporation 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: Full transparency|Market news feed|Good analytical tools|Transparent fees
Cons: Search feature is basic|Cannot customize dashboard fully
After using Transfer Exchange Corporation for about eight 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: Wide product range|Clear documentation|Good mobile app
Cons: Email notifications too frequent|Alert system is basic
The so-called education at Transfer Exchange Corporation is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for about eight months thinking they would help me learn.
Pros: API access|Educational resources|Clean UI|Good mobile app
Cons: Withdrawal takes 1-2 business days