www.bancmarkets.com has been flagged by AMF (France) for "Unauthorised". Category: Forex 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.bancmarkets.com.
I closed a profitable position at www.bancmarkets.com 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: Personal attention|Transparent fees|Market news feed|Dividend tracking
Cons: Charting tools need more indicators
After for about five months with www.bancmarkets.com 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: Full transparency|Responsive team|Stable platform|High security standards
Cons: Could offer more webinars|Withdrawal takes 1-2 business days
The only good thing about www.bancmarkets.com is that they remind you why regulation matters. I found them from a blog post comparing services. 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: Smooth onboarding|Risk management tools|No hidden fees|Easy withdrawals
Cons: Withdrawal takes 1-2 business days|Inactivity fee applies after 12 months
I referred a friend to www.bancmarkets.com after a family member had a good experience. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Instant funding|Full transparency
Cons: No fractional shares
The reporting at www.bancmarkets.com is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Clean UI|Smooth onboarding
Cons: Research section could be deeper|Slow to add new assets
www.bancmarkets.com has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Great customer service|Fast deposits|Regular platform improvements
Cons: None so far|Inactivity fee applies after 12 months
Where do I even begin with www.bancmarkets.com? for over a year of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: API access|Comprehensive tools|Dedicated account manager
Cons: Would like more payment methods
The platform itself is okay, but the customer service at www.bancmarkets.com 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: Helpful community forum|Two-factor authentication|Detailed reporting|Multi-device support
Cons: Account statements could be more detailed
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. www.bancmarkets.com recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Transparent fees|Market news feed|Automated trading options|Educational resources
Cons: Account statements could be more detailed|Limited ETF selection
The hidden fees at www.bancmarkets.com are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Excellent charting|Detailed reporting
Cons: Withdrawal takes 1-2 business days