Wolves Trades has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I gave Wolves Trades a fair chance. After for nearly two years 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|Fast execution|Dividend tracking
Cons: Research section could be deeper|Limited social trading features
I joined Wolves Trades through a podcast recommendation 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: Excellent charting|Two-factor authentication|Fast deposits|Portfolio tracking tools
Cons: Wait times can be long during peak hours
I was about to invest with Wolves Trades but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Conduct Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Flagged by Financial Conduct Authority|Cannot verify credentials
The reporting at Wolves Trades 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: Low minimum deposit|Detailed reporting|High security standards|Good analytical tools
Cons: Inactivity fee applies after 12 months|Cannot customize dashboard fully
My withdrawal from Wolves Trades was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for a couple of months now of being strung along.
Pros: Two-factor authentication|Excellent charting
Cons: Limited cryptocurrency options|Could offer more webinars
My card was charged twice by Wolves Trades on the same day. I had to dispute it with my bank. Wolves Trades then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Demo account available|Great customer service
Cons: Minimum deposit could be lower
I invested $5,000 with Wolves Trades after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Financial Conduct Authority.
Cons: Lost entire investment|Reported to authorities|Unresponsive
The mobile app from Wolves Trades 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: Great customer service|Instant funding|Educational resources|Real-time alerts
Cons: Minor UI glitches occasionally|Spreads widen during volatile periods
After spending for the past year and a half trying to make Wolves Trades 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: Reliable uptime|Stable platform|Helpful community forum|Clean UI
Cons: Desktop app not available on Linux
Wolves Trades advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: API access|Tax reports included|Social trading features
Cons: Limited social trading features