OWTE has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I experienced a security concern with my OWTE 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: Good mobile app|Smooth onboarding|Personal attention
Cons: Help articles are sometimes vague
I am in a dispute with OWTE over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Good analytical tools|Portfolio tracking tools
Cons: Limited cryptocurrency options|No integrated tax optimization
OWTE 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: Detailed reporting|Easy withdrawals
Cons: Limited ETF selection|Limited demo account features
OWTE 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: Economic calendar|Dedicated account manager
Cons: Alert system is basic|Mobile app could be improved
Where do I even begin with OWTE? since early this year 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: Copy trading available|Customizable dashboard
Cons: Cannot customize dashboard fully