Gamma Wealthix has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I requested my data from Gamma Wealthix under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Social trading features|Tax reports included|Personal attention
Cons: Could offer more webinars|Inactivity fee applies after 12 months
After for just over a year with Gamma Wealthix 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: Instant funding|Regular updates|Intuitive for beginners|Multiple order types
Cons: Minor UI glitches occasionally|Research section could be deeper
The reporting at Gamma Wealthix 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: Easy withdrawals|Great customer service|Responsive team
Cons: Limited cryptocurrency options|Mobile app could be improved
The spread at Gamma Wealthix is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after reading several online reviews and initially thought the platform was good - until I started trading seriously.
Pros: Fast execution|Economic calendar
Cons: Spreads widen during volatile periods