Wealthbayy has been flagged by Central Bank of Ireland for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I am in a dispute with Wealthbayy over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Great customer service|Risk management tools|Wide product range
Cons: Would like more payment methods|Some tools only available on higher tiers
I opened an account with Wealthbayy for the past six months ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Comprehensive tools|Instant funding
Cons: Limited cryptocurrency options|No integrated tax optimization
The spread at Wealthbayy is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them from a blog post comparing services and initially thought the platform was good - until I started trading seriously.
Pros: No hidden fees|Portfolio tracking tools|Stable platform
Cons: Wait times can be long during peak hours
After seeing ads for Wealthbayy online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Central Bank of Ireland. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Cons: Unauthorized firm|Found in IOSCO warnings database
I referred a friend to Wealthbayy after reading several online reviews. 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: Easy withdrawals|Social trading features
Cons: Live chat only during business hours
I have been trying to close my account with Wealthbayy for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Responsive team|Competitive fees|Full transparency|Excellent charting
Cons: Search feature is basic|Account statements could be more detailed
I was contacted by Wealthbayy through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Cons: Lost entire investment|Reported to authorities|Unresponsive