Wilby Securities (wilbysec.com) has been flagged by ASIC (Australia) for "Unlicensed". Link to warnings from overseas regulators: Hong Kong SFC https://www.sfc.hk/en/alert-list/2962, NZ FMA https://www.fma.govt.nz/library/warnings-and-alerts/wilby-securities
Phones: +85258082955 This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: wilbysec.com.
I joined Wilby Securities (wilbysec.com) after seeing their ad online and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Reliable uptime|Dedicated account manager|Instant funding
Cons: Alert system is basic
I gave Wilby Securities (wilbysec.com) a fair chance. After since last summer 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: Easy withdrawals|Dedicated account manager
Cons: Mobile app could be improved|Minimum deposit could be lower
I had a dispute with Wilby Securities (wilbysec.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: Risk management tools|Multi-device support|Personal attention
Cons: No fractional shares
The mobile app from Wilby Securities (wilbysec.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: Social trading features|Instant funding|Quick verification
Cons: Mobile app could be improved|Account statements could be more detailed
I closed a profitable position at Wilby Securities (wilbysec.com) and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Social trading features|Smooth onboarding
Cons: Withdrawal takes 1-2 business days|Limited social trading features
I lost a significant amount because Wilby Securities (wilbysec.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: Good analytical tools|Copy trading available|Dividend tracking|Competitive fees
Cons: Inactivity fee applies after 12 months|Research section could be deeper