BlueCoastWealthManagement (bluecoastwealthmanagement.com) has been flagged by ASIC (Australia) for "Unlicensed". Addresses: Ground Floor Southway House 29 Southway Colchester Essex England CO2 7BA 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.bluecoastwealthmanagement.com.
I am in a dispute with BlueCoastWealthManagement (bluecoastwealthmanagement.com) over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Competitive fees|No hidden fees|Comprehensive tools|Regular updates
Cons: Minor UI glitches occasionally|Email notifications too frequent
The mobile app from BlueCoastWealthManagement (bluecoastwealthmanagement.com) is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Fast support response|Fast deposits
Cons: Currency conversion fee exists
After for roughly four months with BlueCoastWealthManagement (bluecoastwealthmanagement.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: Excellent charting|No hidden fees|Fast support response|Demo account available
Cons: Research section could be deeper|Onboarding videos are outdated
I had a dispute with BlueCoastWealthManagement (bluecoastwealthmanagement.com) and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Easy withdrawals|Educational resources|Transparent fees
Cons: Nothing significant|No integrated tax optimization
I closed a profitable position at BlueCoastWealthManagement (bluecoastwealthmanagement.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: Regular updates|Risk management tools
Cons: Limited social trading features|Onboarding videos are outdated
BlueCoastWealthManagement (bluecoastwealthmanagement.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: Detailed reporting|High security standards
Cons: Alert system is basic|Nothing significant
The platform at BlueCoastWealthManagement (bluecoastwealthmanagement.com) is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for over three years of dealing with this, I have had enough.
Pros: Intuitive for beginners|No hidden fees|Tax reports included
Cons: Minimum deposit could be lower
I lost a significant amount because BlueCoastWealthManagement (bluecoastwealthmanagement.com) 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: Great customer service|Detailed reporting|Multiple order types|Full transparency
Cons: Limited social trading features
BlueCoastWealthManagement (bluecoastwealthmanagement.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: Fast support response|Fast deposits
Cons: No dark mode on mobile|Currency conversion fee exists
I signed up with BlueCoastWealthManagement (bluecoastwealthmanagement.com) when my bank disappointed me and I searched for alternatives and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Fast deposits|Tax reports included|Customizable dashboard
Cons: Limited ETF selection|Limited demo account features