Best Wallet (bestwallet.com) has been flagged by ASIC (Australia) for "Unlicensed". International regulator warning https://www.fca.org.uk/news/warnings/best-wallet-bestwalletcom-bestwallettokencom This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: bestwallet.com.
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Best Wallet (bestwallet.com) said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Clear documentation|Helpful community forum|Competitive fees|Educational resources
Cons: Cannot customize dashboard fully
Best Wallet (bestwallet.com) offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Real-time alerts|Customizable dashboard
Cons: Search feature is basic
I referred a friend to Best Wallet (bestwallet.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: Stable platform|Quick verification|Demo account available
Cons: Some tools only available on higher tiers
I gave Best Wallet (bestwallet.com) a fair chance. After for about three months of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Real-time alerts|Demo account available|Full transparency|Great customer service
Cons: Research section could be deeper|Currency conversion fee exists
The reporting at Best Wallet (bestwallet.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: Comprehensive tools|Easy withdrawals
Cons: Minimum deposit could be lower|None so far