WisdomThree has been flagged by Autorité des marchés financiers for "Unauthorised". WisdomThree is not registered with the Autorité des marchés financiers (AMF) and is not authorized to solicit investors in Québec.
Last known city : 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: wisdomthree.net.
After doing some research AFTER the fact (I know, I should have done this first), I discovered that WisdomThree 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
If you are reading this considering WisdomThree - run. I wish I had read more negative reviews through a podcast recommendation. I thought the positive ones were real. Maybe some are. My experience over for a few weeks now has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Multi-currency support|Economic calendar|Automated trading options
Cons: No integrated tax optimization|Limited demo account features
I am in a dispute with WisdomThree over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Great customer service|Automated trading options|Multiple order types|Fast support response
Cons: Withdrawal takes 1-2 business days|No integrated tax optimization
Do not use WisdomThree for anything serious. I used them for close to eighteen months for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Instant funding|High security standards
Cons: Email notifications too frequent|Spreads widen during volatile periods
I experienced a security concern with my WisdomThree account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Clean UI|Detailed reporting|Multi-device support|Wide product range
Cons: Onboarding videos are outdated|Limited demo account features
KYC with WisdomThree 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: Tax reports included|Helpful community forum|Fast deposits
Cons: Onboarding videos are outdated|Charting tools need more indicators
Tried to withdraw my funds from WisdomThree 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.
Pros: Professional looking website
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
WisdomThree has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: Two-factor authentication|Professional team
Cons: Help articles are sometimes vague
WisdomThree locked my account without warning and demanded documents I had already submitted. since mid-2025 later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Automated trading options|Customizable dashboard|Demo account available|Quick verification
Cons: Account statements could be more detailed|No integrated tax optimization
After spending for about five months trying to make WisdomThree 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: Comprehensive tools|Regular updates|Risk management tools|Full transparency
Cons: Wait times can be long during peak hours|Desktop app not available on Linux