Nueva Wealth 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 joined Nueva Wealth while looking for alternatives to my previous provider and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Intuitive for beginners|API access
Cons: Limited ETF selection
The reporting at Nueva Wealth 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: Multi-device support|Stable platform|Good analytical tools
Cons: Would like more payment methods
Nueva Wealth 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: Excellent charting|Fast support response
Cons: Limited social trading features
Nueva Wealth 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: Dedicated account manager|Demo account available
Cons: Would like more payment methods
After using Nueva Wealth for a few weeks now, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Helpful community forum|High security standards
Cons: Inactivity fee applies after 12 months|No fractional shares
I had high hopes for Nueva Wealth after doing extensive research, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Multi-currency support|Quick verification|Responsive team
Cons: No fractional shares|Account statements could be more detailed
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Nueva Wealth is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Cons: Lost entire investment|Reported to authorities|Unresponsive
My withdrawal from Nueva Wealth was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. since last summer of being strung along.
Pros: Segregated accounts|Clean UI|Customizable dashboard
Cons: Email notifications too frequent|Desktop app not available on Linux
Nueva Wealth seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Regular platform improvements|Professional team
Cons: No dark mode on mobile
Where do I even begin with Nueva Wealth? since last summer of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Great customer service|Good analytical tools
Cons: Research section could be deeper