WASM (defi.wasmtradc.com) has been flagged by ASIC (Australia) for "Unlicensed". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: defi.wasmtradc.com.
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. WASM (defi.wasmtradc.com) said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Copy trading available|Smooth onboarding|Low minimum deposit
Cons: Live chat only during business hours
I lost a significant amount because WASM (defi.wasmtradc.com) 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: Educational resources|Low minimum deposit|Detailed reporting
Cons: Inactivity fee applies after 12 months
KYC with WASM (defi.wasmtradc.com) is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Dedicated account manager|Competitive fees
Cons: Wish they had more educational resources
I signed up with WASM (defi.wasmtradc.com) after seeing their ad online and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Real-time alerts|Good analytical tools|Great customer service
Cons: Desktop app not available on Linux|No live chat on mobile
Where do I even begin with WASM (defi.wasmtradc.com)? since the beginning of the 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: Regular platform improvements|Competitive fees|Reliable uptime
Cons: Limited social trading features
The spread at WASM (defi.wasmtradc.com) is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after my brother mentioned them and initially thought the platform was good - until I started trading seriously.
Pros: Helpful community forum|Low minimum deposit|Segregated accounts|Tax reports included
Cons: No phone support on weekends
Opened my account with WASM (defi.wasmtradc.com) through a podcast recommendation and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Risk management tools|Social trading features
Cons: Cannot customize dashboard fully|Live chat only during business hours
I had a dispute with WASM (defi.wasmtradc.com) 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: Dedicated account manager|Tax reports included
Cons: Alert system is basic|Cannot customize dashboard fully
The platform at WASM (defi.wasmtradc.com) is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After since mid-2025 of dealing with this, I have had enough.
Pros: Real-time alerts|Detailed reporting|Regular platform improvements
Cons: Charting tools need more indicators|Search feature is basic
The mobile app from WASM (defi.wasmtradc.com) is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Transparent fees|Smooth onboarding|Wide product range|Dedicated account manager
Cons: Website design could be more modern