Carltonswealth has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Tried to withdraw my funds from Carltonswealth and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
After spending since early this year trying to make Carltonswealth 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: Real-time alerts|Instant funding|Good analytical tools|Fast deposits
Cons: Account statements could be more detailed|Could offer more webinars
I found Carltonswealth through a financial advisor and the initial impression was positive. But since I retired last year later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Customizable dashboard|Wide product range|Smooth onboarding|Stable platform
Cons: No crypto staking
I wanted to transfer my portfolio from another broker to Carltonswealth. 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: Wide product range|Portfolio tracking tools
Cons: Account statements could be more detailed|Desktop app not available on Linux
Several red flags with Carltonswealth: (1) They promise unrealistically high returns, (2) They're not registered with Financial Markets Authority, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Unauthorized firm|Found in IOSCO warnings database
What really bothers me about Carltonswealth is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them after a family member had a good experience and I fell for the polished exterior. Never again.
Pros: Personal attention|Intuitive for beginners|Competitive fees
Cons: Research section could be deeper
My withdrawal request from Carltonswealth 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: Easy to use platform|Demo account available|Professional team
Cons: Could offer more webinars