Wasm (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: www.wasmtradc.com.
I had a dispute with Wasm (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: Wide product range|Customizable dashboard|Smooth onboarding|Detailed reporting
Cons: Desktop app not available on Linux
Wasm (wasmtradc.com) 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: High security standards|Personal attention|Fast execution
Cons: Mobile app could be improved
I trusted Wasm (wasmtradc.com) with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Regular platform improvements|Customizable dashboard
Cons: Limited social trading features
The mobile app from Wasm (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: Full transparency|Responsive team|Professional team|Wide product range
Cons: Limited cryptocurrency options
I had high hopes for Wasm (wasmtradc.com) after my brother mentioned them, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Clean UI|Low minimum deposit|Customizable dashboard|Regular updates
Cons: Live chat only during business hours
I lost a significant amount because Wasm (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: Wide product range|Good mobile app
Cons: Desktop app not available on Linux|Search feature is basic
My withdrawal request from Wasm (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: Regular platform improvements|Good mobile app|Regular updates
Cons: Search feature is basic
I gave Wasm (wasmtradc.com) a fair chance. After for about three months 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: No hidden fees|Professional team|Instant funding|Multi-currency support
Cons: Alert system is basic|Minimum deposit could be lower
Wasm (wasmtradc.com) has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Segregated accounts|Smooth onboarding
Cons: Account statements could be more detailed|Mobile app could be improved