Net Wealth Invest (netwealthinvest.com) has been flagged by ASIC (Australia) for "Unlicensed". Addresses: NSW 2766, Australia This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: netwealthinvest.com.
My withdrawal request from Net Wealth Invest (netwealthinvest.com) 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: Multi-currency support|Detailed reporting
Cons: Help articles are sometimes vague|Wait times can be long during peak hours
I wanted to transfer my portfolio from another broker to Net Wealth Invest (netwealthinvest.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: API access|Full transparency|Regular platform improvements|Instant funding
Cons: Inactivity fee applies after 12 months
The spread at Net Wealth Invest (netwealthinvest.com) is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after comparing multiple platforms and initially thought the platform was good - until I started trading seriously.
Pros: Dividend tracking|Regular updates
Cons: No crypto staking
After spending for about five months trying to make Net Wealth Invest (netwealthinvest.com) work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Automated trading options|No hidden fees
Cons: None so far
I experienced a security concern with my Net Wealth Invest (netwealthinvest.com) account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Copy trading available|Helpful community forum|Professional team|Multi-device support
Cons: Onboarding videos are outdated|Slow to add new assets
Net Wealth Invest (netwealthinvest.com) locked my account without warning and demanded documents I had already submitted. for a few weeks now 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 support response|Smooth onboarding|Multiple order types
Cons: Slow to add new assets|Live chat only during business hours
Net Wealth Invest (netwealthinvest.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: Helpful community forum|Copy trading available|Good mobile app
Cons: Help articles are sometimes vague|No integrated tax optimization
The so-called education at Net Wealth Invest (netwealthinvest.com) is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted since last summer thinking they would help me learn.
Pros: Full transparency|Transparent fees|Wide product range
Cons: Live chat only during business hours