Nerd Wallet Exchange / nerdwalletexchange.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.
I referred a friend to Nerd Wallet Exchange / nerdwalletexchange.com after seeing their ad online. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: No hidden fees|Intuitive for beginners|Multi-currency support|Comprehensive tools
Cons: Wait times can be long during peak hours
Several red flags with Nerd Wallet Exchange / nerdwalletexchange.com: (1) They promise unrealistically high returns, (2) They're not registered with Financial Conduct 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: Flagged by Financial Conduct Authority|Cannot verify credentials
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. Nerd Wallet Exchange / nerdwalletexchange.com said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Transparent fees|Full transparency
Cons: Inactivity fee applies after 12 months|Limited demo account features