Wealthbull Capitals has been flagged by Financial Conduct Authority 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 opened an account with Wealthbull Capitals for about ten 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: Clean UI|Easy withdrawals
Cons: Some tools only available on higher tiers
Customer support at Wealthbull Capitals seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Fast support response|Copy trading available|No hidden fees|Portfolio tracking tools
Cons: Onboarding videos are outdated
Tried to withdraw my funds from Wealthbull Capitals and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
I lost a significant amount because Wealthbull Capitals 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: Stable platform|Copy trading available|Intuitive for beginners
Cons: Research section could be deeper|Limited cryptocurrency options
If you are reading this considering Wealthbull Capitals - run. I wish I had read more negative reviews from a review site like this one. I thought the positive ones were real. Maybe some are. My experience over for over a year has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Comprehensive tools|Demo account available|Helpful community forum
Cons: Help articles are sometimes vague
I had a dispute with Wealthbull Capitals 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: Customizable dashboard|Good mobile app
Cons: Alert system is basic|Research section could be deeper
I wanted to transfer my portfolio from another broker to Wealthbull Capitals. 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|Helpful community forum
Cons: Limited ETF selection|Email notifications too frequent
After for over three years with Wealthbull Capitals 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: Quick verification|Responsive team
Cons: No live chat on mobile
I was about to invest with Wealthbull Capitals but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Conduct Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Unauthorized firm|Found in IOSCO warnings database
Wealthbull Capitals 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: Stable platform|Great customer service|Clear documentation|No hidden fees
Cons: Charting tools need more indicators|Spreads widen during volatile periods