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.
My card was charged twice by WASM (defi.wasmtradc.com) on the same day. I had to dispute it with my bank. WASM (defi.wasmtradc.com) then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Comprehensive tools|Real-time alerts|Fast execution
Cons: Withdrawal takes 1-2 business days|Spreads widen during volatile periods
Do not believe the bonus offer from WASM (defi.wasmtradc.com). The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after seeing their ad online and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Dedicated account manager|Professional team
Cons: Mobile app could be improved|Charting tools need more indicators
I wanted to transfer my portfolio from another broker to WASM (defi.wasmtradc.com). They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Smooth onboarding|Personal attention
Cons: No fractional shares
My withdrawal request from WASM (defi.wasmtradc.com) has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Stable platform|Educational resources|Real-time alerts|Comprehensive tools
Cons: No dark mode on mobile