E-WealthFX (e-wealthfx.com) has been flagged by ASIC (Australia) for "Unlicensed". Addresses: 30 Dymchurch Close Polegate England Bn26 6nd This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: e-wealthfx.com.
I joined E-WealthFX (e-wealthfx.com) after my brother mentioned them and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Social trading features|Instant funding|Regular updates|Copy trading available
Cons: Withdrawal takes 1-2 business days
The spread at E-WealthFX (e-wealthfx.com) is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them based on a colleague's recommendation and initially thought the platform was good - until I started trading seriously.
Pros: Professional team|Easy withdrawals
Cons: Search feature is basic|Wish they had more educational resources
I have been trying to close my account with E-WealthFX (e-wealthfx.com) for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Demo account available|Quick verification|Helpful community forum
Cons: No phone support on weekends|No live chat on mobile
I trusted E-WealthFX (e-wealthfx.com) with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Segregated accounts|Multi-currency support|Instant funding
Cons: Charting tools need more indicators|Onboarding videos are outdated
I am in a dispute with E-WealthFX (e-wealthfx.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: Educational resources|Fast deposits|Fast execution|Demo account available
Cons: Limited cryptocurrency options|Wish they had more educational resources
If you are reading this considering E-WealthFX (e-wealthfx.com) - run. I wish I had read more negative reviews after comparing multiple platforms. I thought the positive ones were real. Maybe some are. My experience over for the past year and a half has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: High security standards|Intuitive for beginners
Cons: Could offer more webinars
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. E-WealthFX (e-wealthfx.com) recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Tax reports included|Economic calendar
Cons: Wait times can be long during peak hours
After for over three years with E-WealthFX (e-wealthfx.com) I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Clean UI|Smooth onboarding|Social trading features
Cons: Research section could be deeper
What really bothers me about E-WealthFX (e-wealthfx.com) is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them while looking for alternatives to my previous provider and I fell for the polished exterior. Never again.
Pros: Fast deposits|Clear documentation|Segregated accounts|Stable platform
Cons: Mobile app could be improved|Wait times can be long during peak hours
I gave E-WealthFX (e-wealthfx.com) a fair chance. After since I retired last year 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: Excellent charting|Personal attention|Good mobile app|Regular updates
Cons: Search feature is basic|Cannot customize dashboard fully