Wilkinson Bennings Securities has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: 65 3158 0174, fax 65 6491 5991
Addresses: Singapore This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.wilkinsonbennings.com.
KYC with Wilkinson Bennings Securities 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: Risk management tools|Smooth onboarding
Cons: Some tools only available on higher tiers|Limited cryptocurrency options
After spending for the past year and a half trying to make Wilkinson Bennings Securities work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Market news feed|Fast execution|Smooth onboarding
Cons: Cannot customize dashboard fully
Wilkinson Bennings Securities locked my account without warning and demanded documents I had already submitted. for nearly two 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: High security standards|Fast deposits|API access
Cons: Limited social trading features|Charting tools need more indicators
After for about eight months with Wilkinson Bennings Securities 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|Economic calendar|Multi-currency support|High security standards
Cons: No integrated tax optimization|Search feature is basic
My withdrawal request from Wilkinson Bennings Securities has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Portfolio tracking tools|Multi-device support
Cons: Inactivity fee applies after 12 months
The spread at Wilkinson Bennings Securities 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 review site like this one and initially thought the platform was good - until I started trading seriously.
Pros: Customizable dashboard|Portfolio tracking tools
Cons: No integrated tax optimization
I wanted to transfer my portfolio from another broker to Wilkinson Bennings Securities. 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: Reliable uptime|Professional team|Customizable dashboard
Cons: No dark mode on mobile|Onboarding videos are outdated