**UPDATE**
Final review now posted!The following is a review of the new brokerage Suretrader based out of the Bahamas. This review was originally posted by myself on Investimonials but was subsequently removed because "I was not a current customer." Although I understand that logic, I disagree that the review is irrelevant just because I haven't been approved yet so I thought I would repost it here. I give it 2/5 stars.
To start, I am still in the process of being approved and I realize it may be unfair to judge them so early but I think it's important to bring these issues to light as others may be thinking about opening an account here.
So after deciding to setup an account I was quickly met with some troubling aspects of the brokerage. Basically, their website it horrible. The first thing that tipped me off was the fact that it is formatted so all your typing is in caps. The second clue was a typo of the word "your" as "yout" which means they didn't even bother to spell check their web content and generally just indicates they threw this together too quickly.
Now to the more serious qualms. Compare the URL bar of your trusted broker with that of Suretrader. Whenever you are dealing with sensitive info/documents at a place that cares about your privacy and security, you will see the prefix https://... which is indicative of a secure connection. This is sadly not the case at Suretrader which makes me apprehensive about submitting my personal information to them. It's not even that I don't trust them but rather that the information is retrievable by third parties with malicious intent. My fears were further realized today when I was posting a document to my dropbox. Upon doing so, the page refreshed and I was somehow looking at dropbox files from several other accounts. I mean how disturbing is that? The only reassuring thing is that since you can't even access your own dropbox files after submitting them, I wasn't given the ability to look at other peoples files but I was able to see the file names and descriptions. Thus I think it is important to warn others at least to exclude any personally identifying information from these fields in case such an error occurs again.
To whoever emailed me, I couldn't get the message back to you by email so I guess I'll answer you here.
ReplyDeleteI'm still waiting for my funding to hit so I'm afraid I can't say. But what might be worth noting is that since I wrote that review, they have secured their website. That's about all I can say at this point. I'll get back to you if I find out more.