Wizard Financial has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Addresses: Teawa Cres Glenwood NSW 2768 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.wizardfinancial.net.
The reporting at Wizard Financial 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: Easy to use platform|Intuitive for beginners|Economic calendar
Cons: Search feature is basic
I opened an account with Wizard Financial for about ten months ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Instant funding|Good mobile app
Cons: Alert system is basic
Wizard Financial 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: Good mobile app|Quick verification|Clean UI
Cons: Onboarding videos are outdated|Inactivity fee applies after 12 months
Wizard Financial locked my account without warning and demanded documents I had already submitted. for about three months later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Fast deposits|Social trading features
Cons: Slow to add new assets
I found Wizard Financial after reading several online reviews and the initial impression was positive. But since I opened my account last year later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Great customer service|Responsive team|Multi-currency support|Dividend tracking
Cons: No crypto staking
Wizard Financial offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Fast support response|Clear documentation|Intuitive for beginners
Cons: Research section could be deeper
I experienced a security concern with my Wizard Financial 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: Tax reports included|Clean UI|Easy withdrawals|Regular platform improvements
Cons: Desktop app not available on Linux|Alert system is basic
What really bothers me about Wizard Financial is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them after comparing multiple platforms and I fell for the polished exterior. Never again.
Pros: Reliable uptime|API access|Easy to use platform
Cons: Limited demo account features|Wish they had more educational resources
My withdrawal request from Wizard Financial 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: Low minimum deposit|Market news feed
Cons: No live chat on mobile
The platform itself is okay, but the customer service at Wizard Financial is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Easy to use platform|Intuitive for beginners
Cons: Help articles are sometimes vague|Limited cryptocurrency options