Forex Brokers

Vestawave Investment

1.6 (11 reviews)
🇳🇿 New Zealand
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1.6
11 reviews
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About Vestawave Investment

Vestawave Investment has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Regist...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.

Customer Reviews

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Did my research - this is suspicious

A
Alex I.
2 months ago

I was about to invest with Vestawave Investment but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Markets Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.

Pros: Website looks legitimate on the surface

Cons: Not registered with regulators|Unrealistic promises

Withdrawal blocked indefinitely

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Anna J.
3 months ago

After for the past six months with Vestawave Investment 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: Personal attention|Quick verification|Customizable dashboard

Cons: Limited ETF selection

Promised returns that never came

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Alex P.
4 months ago

I found Vestawave Investment from a blog post comparing services and the initial impression was positive. But for a few weeks now later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.

Pros: Good analytical tools|Stable platform

Cons: Currency conversion fee exists

Learning experience at my expense

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Alex F.
6 months ago

I had a dispute with Vestawave Investment and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.

Pros: Demo account available|Personal attention|Instant funding|Smooth onboarding

Cons: Spreads widen during volatile periods|Inactivity fee applies after 12 months

My biggest financial mistake

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Wyatt D.
8 months ago

I referred a friend to Vestawave Investment based on a colleague's recommendation. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.

Pros: Market news feed|Dedicated account manager|Stable platform|Tax reports included

Cons: Wait times can be long during peak hours|Charting tools need more indicators

Scam alert - They took my money

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Sarah S.
8 months ago

I invested $10,000 with Vestawave Investment after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Financial Markets Authority.

Cons: Cannot withdraw funds|Not regulated|Pressure tactics

Listed in warning databases - be aware

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Jennifer I.
9 months ago

This company appears on the IOSCO I-SCAN international warnings list. Over 68 financial regulators worldwide contribute to this database. While being listed doesn't automatically mean fraud, it's a significant red flag that potential investors should take seriously. Do your research thoroughly.

Pros: Information is publicly available for verification

Cons: Listed in IOSCO I-SCAN|May not be authorized in your jurisdiction

Where do I even begin

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Maya S.
9 months ago

The so-called education at Vestawave Investment 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 for about five months thinking they would help me learn.

Pros: Social trading features|Segregated accounts|Fast execution|Clean UI

Cons: Cannot customize dashboard fully|Wait times can be long during peak hours

Deceptive practices at Vestawave Investment

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Jennifer M.
10 months ago

Do not use Vestawave Investment for anything serious. I used them for over three years for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.

Pros: Helpful community forum|Educational resources|Good analytical tools

Cons: None so far

Avoid at all costs

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Trevor K.
11 months ago

Vestawave Investment 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: No hidden fees|Market news feed|Customizable dashboard

Cons: No live chat on mobile