WhiteRoad has been flagged by Autorité des marchés financiers for "Unregistered/Unlicensed entity offering financial products or services". WhiteRoad is not registered with the Autorité des marchés financiers (AMF) and is not authorized to solicit investors in Québec.
Last known adress : London, United Kingdom This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: whiteroad.io.
The platform at WhiteRoad is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After since early this year of dealing with this, I have had enough.
Pros: Multi-device support|Comprehensive tools|Personal attention
Cons: Cannot customize dashboard fully
I was about to invest with WhiteRoad but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Autorité des marchés financiers has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Unauthorized firm|Found in IOSCO warnings database
I have been trying to close my account with WhiteRoad 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: Tax reports included|Regular updates
Cons: Alert system is basic
I was contacted by WhiteRoad 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: Withdrawal fees demanded|Communication cut off|Not authorized
The spread at WhiteRoad is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them when my bank disappointed me and I searched for alternatives and initially thought the platform was good - until I started trading seriously.
Pros: Wide product range|Reliable uptime|Fast execution|Full transparency
Cons: Wait times can be long during peak hours|Alert system is basic
After doing some research AFTER the fact (I know, I should have done this first), I discovered that WhiteRoad is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Cons: Blocked my account|No legitimate license|Fake returns
This company appears on the IOSCO I-SCAN international warnings list. Over 68 financial regulators worldwide contribute to this database. While being listed doesn't automatically mean fraud, it's a significant red flag that potential investors should take seriously. Do your research thoroughly.
Cons: Listed in IOSCO I-SCAN|May not be authorized in your jurisdiction
WhiteRoad changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Easy withdrawals|API access
Cons: Limited ETF selection
WhiteRoad locked my account without warning and demanded documents I had already submitted. for over three years later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Responsive team|Demo account available|Detailed reporting
Cons: Withdrawal takes 1-2 business days
WhiteRoad advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Two-factor authentication|Professional team
Cons: Live chat only during business hours