Global Wealth / globalwealthint.com 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. Website domain: globalwealthint.com.
Global Wealth / globalwealthint.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: Good mobile app|Segregated accounts
Cons: Slow to add new assets
Global Wealth / globalwealthint.com advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Social trading features|Clear documentation
Cons: Mobile app could be improved
I wanted to transfer my portfolio from another broker to Global Wealth / globalwealthint.com. 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: Dividend tracking|Clear documentation|Great customer service|Personal attention
Cons: Some tools only available on higher tiers|Onboarding videos are outdated