Hodlwealth has been flagged by Commissione Nazionale per le Società e la Borsa for "Unregistered/Unlicensed entity offering financial products or services|Genera...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Hodlwealth changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Responsive team|Low minimum deposit|Fast deposits
Cons: Limited social trading features|No live chat on mobile
The reporting at Hodlwealth 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: Economic calendar|Intuitive for beginners|Regular platform improvements
Cons: Wish they had more educational resources
The spread at Hodlwealth is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them from a review site like this one and initially thought the platform was good - until I started trading seriously.
Pros: Two-factor authentication|Stable platform
Cons: Onboarding videos are outdated|Mobile app could be improved
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Hodlwealth said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Regular platform improvements|API access
Cons: Minor UI glitches occasionally
My withdrawal request from Hodlwealth 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: Stable platform|Easy withdrawals
Cons: Slow to add new assets
Do not use Hodlwealth for anything serious. I used them for about ten months for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Tax reports included|Good analytical tools|Customizable dashboard|Transparent fees
Cons: None so far
After for the past year and a half with Hodlwealth 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: Low minimum deposit|Demo account available
Cons: Onboarding videos are outdated
Customer support at Hodlwealth seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Instant funding|Intuitive for beginners|Regular updates|Excellent charting
Cons: Account statements could be more detailed|Slow to add new assets
After seeing ads for Hodlwealth online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Commissione Nazionale per le Società e la Borsa. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Pros: Website looks legitimate on the surface
Cons: Unauthorized firm|Found in IOSCO warnings database
Hodlwealth locked my account without warning and demanded documents I had already submitted. for close to eighteen months later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Fast deposits|Professional team
Cons: Currency conversion fee exists|Charting tools need more indicators