Stockwisse has been flagged by Commissione Nazionale per le Società e la Borsa for "General enforcement alerts". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
The onboarding at Stockwisse was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Copy trading available|Educational resources|Fast execution|Customizable dashboard
Cons: Onboarding videos are outdated|Account statements could be more detailed
The platform itself is okay, but the customer service at Stockwisse is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Social trading features|Easy to use platform
Cons: Could offer more webinars|Limited demo account features
Stockwisse 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: Dedicated account manager|Customizable dashboard
Cons: Inactivity fee applies after 12 months|Wait times can be long during peak hours
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Stockwisse 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.
Pros: Initially responsive customer service
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
I was about to invest with Stockwisse but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Commissione Nazionale per le Società e la Borsa has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
After for roughly four months with Stockwisse 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: Market news feed|High security standards|Multi-currency support
Cons: Minimum deposit could be lower