wisevests.com has been flagged by AMF (France) for "Unauthorised". Category: Crypto-actifs This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: wisevests.com.
After for nearly two years with wisevests.com 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: Reliable uptime|Fast deposits
Cons: No fractional shares|Email notifications too frequent
After using wisevests.com for about three months, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Multiple order types|Multi-currency support
Cons: Account statements could be more detailed
Do not believe the bonus offer from wisevests.com. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after hearing about them at a conference and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Helpful community forum|Multiple order types|Full transparency|Low minimum deposit
Cons: Website design could be more modern|Could offer more webinars
The only good thing about wisevests.com is that they remind you why regulation matters. I found them based on a colleague's recommendation. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Educational resources|Economic calendar|Low minimum deposit|Good analytical tools
Cons: Search feature is basic|Mobile app could be improved
The hidden fees at wisevests.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: Market news feed|Social trading features|Quick verification|Economic calendar
Cons: No crypto staking|No dark mode on mobile
wisevests.com 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: Helpful community forum|Clean UI
Cons: Desktop app not available on Linux
I had a dispute with wisevests.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: Stable platform|Easy withdrawals|Demo account available|Instant funding
Cons: Alert system is basic