www.platinumhitech.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.platinumhitech.com.
After for about three months with www.platinumhitech.com, 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: Social trading features|Helpful community forum|Fast execution|Educational resources
Cons: Currency conversion fee exists
I wanted to transfer my portfolio from another broker to www.platinumhitech.com. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Easy withdrawals|Tax reports included|Competitive fees|Helpful community forum
Cons: None so far|Minimum deposit could be lower
After spending for about eight months trying to make www.platinumhitech.com work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: No hidden fees|Helpful community forum|Risk management tools|Segregated accounts
Cons: Research section could be deeper|Cannot customize dashboard fully
My withdrawal request from www.platinumhitech.com has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Intuitive for beginners|Professional team
Cons: Currency conversion fee exists|None so far
www.platinumhitech.com had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Regular platform improvements|Responsive team|Easy withdrawals|Dividend tracking
Cons: Wait times can be long during peak hours