WTRADERS has been flagged by Comisión Nacional del Mercado de Valores 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 want to warn everyone about WTRADERS. They have been flagged by Comisión Nacional del Mercado de Valores as an unauthorized entity. I wish I had checked before investing. They use high-pressure sales tactics and fake testimonials. Once you send money, getting it back is nearly impossible.
Pros: Initially responsive customer service
Cons: No regulatory oversight|Money disappeared|Fake testimonials
I referred a friend to WTRADERS after my brother mentioned them. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Competitive fees|Professional team
Cons: Live chat only during business hours|Limited social trading features
I gave WTRADERS a fair chance. After since the beginning of the year 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: Reliable uptime|Instant funding
Cons: Minor UI glitches occasionally|Minimum deposit could be lower
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that WTRADERS has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.
Pros: Website looks legitimate on the surface
Cons: Not registered with regulators|Unrealistic promises
After since I retired last year with WTRADERS 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|Intuitive for beginners
Cons: Some tools only available on higher tiers|Account statements could be more detailed
I signed up with WTRADERS after a friend recommended them and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Competitive fees|Easy withdrawals|Dedicated account manager|Easy to use platform
Cons: Account statements could be more detailed
I opened an account with WTRADERS for about five 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: No hidden fees|Automated trading options
Cons: Onboarding videos are outdated
The onboarding at WTRADERS was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Fast deposits|Competitive fees
Cons: Currency conversion fee exists
I wanted to transfer my portfolio from another broker to WTRADERS. 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: Easy withdrawals|Instant funding
Cons: Currency conversion fee exists
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. WTRADERS recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Fast support response|Dividend tracking|Portfolio tracking tools
Cons: Withdrawal takes 1-2 business days|Research section could be deeper