TradeWealth has been flagged by Ontario Securities Commission for "Unregistered/Unlicensed entity offering financial products or services". TradeWealth found at https://webtrader.trade-wealth.co/ and https://trade-wealth.co/ is not registered in Ontario to engage in the business of trading in securities. This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I lost a significant amount because TradeWealth did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Dividend tracking|Educational resources|Fast deposits
Cons: Slow to add new assets|Minimum deposit could be lower
After doing some research AFTER the fact (I know, I should have done this first), I discovered that TradeWealth 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: Cannot withdraw funds|Not regulated|Pressure tactics
After doing some research AFTER the fact (I know, I should have done this first), I discovered that TradeWealth 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
TradeWealth locked my account without warning and demanded documents I had already submitted. since I retired last year later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Quick verification|Transparent fees|API access
Cons: Currency conversion fee exists
I gave TradeWealth a fair chance. After for a few weeks now of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Wide product range|Tax reports included|Responsive team|Regular updates
Cons: No live chat on mobile