wiitrader.com has been flagged by AMF (France) for "Unauthorised". Category: Forex This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: wiitrader.com.
The hidden fees at wiitrader.com are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Portfolio tracking tools|Full transparency|Good mobile app|High security standards
Cons: No fractional shares|Limited demo account features
KYC with wiitrader.com is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Fast support response|Smooth onboarding|No hidden fees
Cons: Currency conversion fee exists
The mobile app from wiitrader.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: Economic calendar|Competitive fees|Two-factor authentication
Cons: No live chat on mobile
I wanted to transfer my portfolio from another broker to wiitrader.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: Dividend tracking|Fast deposits|Market news feed
Cons: Mobile app could be improved
The so-called education at wiitrader.com is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for a couple of months now thinking they would help me learn.
Pros: No hidden fees|Fast deposits|Fast support response|Copy trading available
Cons: Research section could be deeper|Account statements could be more detailed
I had a dispute with wiitrader.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: Professional team|Tax reports included|Full transparency|Helpful community forum
Cons: Could offer more webinars
The reporting at wiitrader.com is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Social trading features|Reliable uptime
Cons: Onboarding videos are outdated
I trusted wiitrader.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: Demo account available|Multi-currency support
Cons: Research section could be deeper|Withdrawal takes 1-2 business days
I gave wiitrader.com a fair chance. After since early this year 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: Intuitive for beginners|Instant funding|Market news feed|Fast support response
Cons: No live chat on mobile|Search feature is basic
After for about three months with wiitrader.com, I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: Transparent fees|Easy withdrawals
Cons: Mobile app could be improved