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Betterment Guide – Read our In-Depth Betterment Review

This Betterment review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.

Please note that due to regulations, the content in this Betterment review does not apply to US users.

This Betterment review contains the latest information about Betterment.

If you're a new entrant in the world of trading and brokerage, so many facts will be perplexing for you. Getting into the world of trading requires expert analyzing skills and thorough understanding. You'll get proficient at all of the concepts of brokerage as you keep trading. For starters, you have to select the right broker who'll be transparent with you always.

Within this fast-paced world of stock markets and trading, you will need guidance to make correct decisions. A professionally direct investment plan will generate hefty returns. Betterment is one such stage which will take you and your investment into great heights. It's crucial that you understand all about Betterment before you trust them with your money.

Betterment review

Our full Betterment Review covers everything you will need to know about trading with Betterment. A good broker can multiply your first investments and give you favorable profits. If you want to earn profits, you must trade with a brokerage service that contrasts with your investing objectives.

There's absolutely no sure-fire way to ensure profits; thus, you must carefully analyze your broker before you choose them. It is a common misconception that all agents will be the same, but that's not correct. Wrong judgment, initially, can set your investments at risk.

Betterment is a broker that has found its way successfully to the brokerage world. In this review, we have attempted to collate some of the vital facets of Betterment. This review can allow you to understand whether Betterment is a good fit for your investments or not. We've attempted to breakdown all of the qualities and charges for your advantage.

Betterment Review, Table Of Contents

Who are Betterment?

Betterment is a foreign exchange broker headquartered in USA and provides a variety of instruments for trading. Since its establishment in 2008, Betterment has emerged as a leading player in the industry of online brokerage. Betterment includes an extremely aggressive and full-featured trading website that's focused on forex, indices, metals, sharesand commodities.

Over the past 13 years, Betterment has grown into one of the leading online brokers.

After launching in 2008, their client base has become as big as 10,000+ clients.

Betterment is a favorite for many dealers.. Our Betterment review discovered that they are an superb choice for automated trading solutions. They're most appropriate for investors that are looking for an assortment of assets. Social and automated trading options are the heart at Betterment.

Technology plays a substantial role in Betterment. Betterment offers trading on Mac,iPhone,iPad,WEB,Desktop. Betterment is honest, transparent, and also a well-regulated broker by the Unregulated. Their outstanding variety of tools will be beneficial for the majority of traders. Third-party partnerships also provide in-house analysis.

The trader resource section at Betterment is very enlightening for new traders since it permits them to get a closer look in the financial markets. Betterment caters to all types of traders and are a must-have broker for almost any well-diversified approach to trading.

Benefits of trading with Betterment?

Trading with Betterment comes with many benefits. These benefits are what sets Betterment ahead of the rest of the online agents. You need to check all of the advantages listed so you have a better comprehension of Betterment.

The agent goes to great lengths to understand what dealers need. As a result, the support cost is low, fast, and convenient. The broker also provides a variety of platforms for all types of traders. Betterment helps to ensure that the individual needs of all online traders are completely met.

Betterment also features excellent trading conditions which are available to only an elite class of institutional customers. The tight spreads and fast executions are a fantastic advantage for those traders. The technology embraced by Betterment is among the maximum caliber, ensuring that it is fast, dependable, and effective.

Betterment acknowledges the significance of owning a fast order execution. A fast implementation will allow users to exchange without fretting about slippage safely. It will also help the traders to catch the maximum profitable opportunities.

Automated trading is another major aspect of Betterment. A new dealer can learn from industry experts using the automated trading option. The tight spread starts from as low as 0.0 pips, even though they are offered for only razor balances.

Betterment has over 276 trading instruments to support all kinds of traders. These tools are lively and suitable for both the new and seasoned traders. The dealers can put aside all their worries when trading using Betterment.

Betterment overview

Year Founded: 2008

Regulated By: Unregulated

Hedquarters: USA

Minimum Deposit: $0

Number Of Clients: 10,000+

Your capital is at risk

If you feel that Betterment is not right for you then at the bottom of this Betterment review you wil find a lot of alternatives to Betterment.

Everything you ought to know about trading using Betterment

Betterment is a lively platform that offers various methods of trading. These tools cover the monetary markets considerably. The Majority of the broker platforms offer less approaches than Betterment

If you would like to trade with Betterment, you will require a minimum deposit of $0. This deposit is mandatory if you wish to begin trading using Betterment. This 2021 Betterment review will guide you safely about trading with them.

Betterment is as flexible as another broker platform. Betterment is ideal for traders who want a manageable array of cheap services. The programs provided by Betterment are third-party, white-label offerings. All traders can select out of Mac,iPhone,iPad,WEB,Desktop.

Along with everything, Betterment has multiple benefits to new and verteran traders and should be investigated. There is no minimum time over which a transaction has to be kept open. The brokers provide premium customer service which rewards customers with benefits.

Many less reputable brokers attempt to pressurise customers into bigger financing for premium services. Betterment, on the other hand, is more focused on trading volume. Traders can expect trading conditions to be just, honest and transparent. The more lots traded by the user, the more advantages will come along.

Betterment accounts are available all over the world and provides outstanding service everywhere they have customers. There are a few countries where Betterment accounts are not available. Traders in the following countries cannot open or use a Betterment account:

Is Betterment Safe To Trade With?

Established in 2008, Betterment has been in operation for 13 years, they have a head office in USA.

Betterment is regulated by Unregulated. These bodies have rules that mandate that trading platforms have measures in place to maintain investor's assets procured. This usually means that Betterment users don't need to worry about their money as it is segregated and safely stored in established banks. SSL encryption secures every user's private information as well.

You are able to make use of an option for 2 Factor Authentications (2FA) with Betterment for increased safety. An SMS for the verification code will be sent to your phone. You will be asked to enter this code to log in to your account.

Another concern with financial brokers is in regards to security may be manipulation of trading. This is highly disadvantageous for consumers on these platforms. However, this is more widespread in the case of Market Maker agents who compete with customers on the platform.

Pro's & Con's Of Trading With Betterment

Every online trading platform has some ups and downs, and no Betterment review would be complete without showing both sides. This Betterment review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.

Betterment Pro's

  • Betterment is trusted by 10,000+ clients
  • Betterment doesn't charge inactivity fees
  • Betterment doesn't charge deposit fees
  • Betterment doesn't charge CFD fees
  • Betterment offer trading on Mac,iPhone,iPad,WEB,Desktop
  • Betterment offer 276 trading instruments
  • Betterment can communicate in

Betterment Con's

  • Betterment does not offer Negative Balance Protection
  • Betterment does not offer Guaranteed Stop Loss
  • Betterment charge withdrawal fees
  • Betterment doesn't trade major forex pairs
  • Betterment doesn't trade minor forex pairs
  • Betterment doesn't trade exotic forex pairs
  • Betterment doesn't offer trading on cryptocurrencies

Betterment Review - Compare Brokers Similar To Betterment

Betterment OctaFX WellsTrade Uniglobe Markets
Rating 4/5 4/5 4/5 4/5
Minimum Deposit $0 $5 $30 $10
Year Founded 2008 2011 2008 2008
Headquarters USA St. Vincent and the Grenadines United States Marshall Islands
Regulated By Unregulated Financial Conduct Authority (FCA) Unregulated Unregulated
Clients 10,000+ 30,000+ 10,000+ 10,000+
Find Out More
Risk Warning Your capital is at risk Losses can exceed deposits Your capital is at risk Your capital is at risk

Betterment Review - Regulation And Licencing In More Detail

Betterment is regulated by Unregulated.

Betterment, as a business, has a strong set of rules for ensuring fair trading onto its own platform. For information encryption purposes, it provides an industry-standard secure socket layer (SSL).

In accordance with the organization's privacy regulations, client data is to not be shared with any other institutions or individuals. This includes credit history and other financial information.

Betterment Review - Awards

    At the time of writing this Betterment review, they had not received any awards.

Betterment Review - Minimum Deposit Required

The minimum deposit you must deposit to get started on Betterment is $0. This is an adequate amount for those just beginning. You can create more advanced deposits as you cooperate. However, ensure you understand how to make the most of your money before investing larger sums.

Betterment Review - Commission And Fees Explained

Betterment is an online broker platform, and many online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the companies of online brokerages are scaled better. In other words, an internet broker is not necessarily affected by the number of customers they have.

However, this doesn't necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for various services to earn money. There are primarily 3 types of fees for this objective.

The first kind of fees to keep an eye out for are trading charges. Whenever you make a genuine trade, like purchasing a stock or an ETF, you are charged trading fees. In these cases, you're spending a spread, funding rate, or a commission. The kinds of trading fees and the rates vary from broker to broker.

Commissions can be fixed or dependent on the traded volume. On the flip side, a spread refers to the gap between the buying and selling price. Funding or overnight rates are people who are billed when you maintain a leveraged position for longer than daily.

Aside from trading fees, online brokers also charge non-trading fees. These are dependent on the actions you undertake in your account. They're billed for surgeries like depositing money, not trading for long periods, or withdrawals.

In general, Betterment does not charge high fees in comparison to other online brokers. For operations other brokers fee for, they either do not charge a broker fee, or they charge a smaller amount. This is beneficial for people who often exchange, such as weekly or daily trading.

However, non-trading fees charged by Betterment are comparatively competitive. Consequently, you're billed more for non-trading activities in your trading accounts, like deposits and withdrawal. These are not about the purchase and sale of resources.

This Betterment review breaks down every one of the relevant non-trading charges for you in detail.

Compare broker fees against Betterment

Betterment OctaFX WellsTrade Uniglobe Markets
Minimum Deposit $0 $5 $30 $10
Withdrawal Fees variable No variable variable
Inactivity Fees No
Deposit Fees No
CFD Fees No

Betterment Review - Withdrawal Fees Explained

Betterment charges a withdrawal fee when you create a bank transfer. Each time you move money back into your bank account, these withdrawal fees become applicable.

Withdrawal of money is possible at any time from your Betterment account. It's possible to withdraw sums up to the amount of your account balance, keeping aside the margin used. 1 thing to remember is that you don't always have to have any money in your account.

In addition, the withdrawn money will be transferred directly to the account you use to make deposits. Therefore, if you used a credit card for deposits, then the withdrawn money will be sent into the card. Betterment will ask you to offer other withdrawal methods if your details have changed since your deposit.

There is a minimum withdrawal amount. In the event you are withdrawing money in various currencies from USD, a conversion fee is also applicable. The conversion fee will depend on the money you're opting to withdraw in.

Betterment Review - Inactivity Fees Explained

Understanding whether you will be charged inactivity fees is one of those buzzing questions which run through your head when open an account with Betterment. An inactivity fee is an amount charged to registered traders that haven't participated in purchasing or selling for some time. The period regarded as inactive is decided by the agent.

The inactivity fee also differs from 1 agent to another and is not standardized. If a traders account does not have a buying or selling transaction, it's claimed by the broker as an inactivity fee. The traders need to pay this commission under conditions and terms that they had consented while registering.

Betterment doesn't charge inactivity fees so you are free to use your account as needed

Even if no fees are indicated by Betterment, it's best for you to close the account if you're inactive. Inactivity fees are not just charged by brokerage companies but also many financial services.

For additional trading platforms, the inactivity fee is contingent upon the type of account you have selected. The inactivity fee is exposed to many circumstances and needs to be revealed clearly by the broker beforehand.

Betterment Review - Deposit Fees Explained

When you move money into your trading account from your bank account, a deposit fee can be charged by the broker. Most brokers don't charge too much money for this operation.

Betterment doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed

Depositing money on the Betterment trading platform is simple. You simply need to finish a single-user profile questionnaire to start depositing money into your trading account. You will have to give an identity proof and evidence of residency to deposit substantial sums.

Betterment Review - Compare Broker Deposit Methods

Betterment OctaFX WellsTrade Uniglobe Markets
Minimum Deposit $0 $5 $30 $10
Credit Card Yes
PayPal No
Neteller Yes
Skrill No

What Can You trade With Betterment?

Note: Betterment provides many different trading instruments due to regulatory restrictions in many countries. Trading instruments offered will differ depending on the country of residence of the client.

Betterment has a wide variety of over 276 instruments available for you to trade with.

If trading forex pairs is of interest to you then Betterment offer over currency pairs.

Compare Betterment, OctaFX, WellsTrade & Uniglobe Markets below.

Betterment OctaFX WellsTrade Uniglobe Markets
Platforms Mac, iPhone, iPad, WEB, Desktop MT4, MT5, Web Trader, cTrader, Tablet & Mobile apps iPhone, Tablet, Mac, Android, WEB Windows ? MacOS X. Multiple Terminal. Android. IOS.
Instruments Available 276 254 241
Forex & Crypto
Forex Pairs Available
Offers Major Forex Pairs? No Yes No Yes
Offers Minor Forex Pairs? No No No
Offers Exotic Forex Pairs? No No Yes
Offers Cryptocurrencies? No No No No
Commodity CFD's
Commodities Offered 0 0 0 0
Trade Metals? No Yes No Yes
Trade Energies? No Yes No Yes
Trade Agricultural? No No No Yes
Indiced & Stock CFDs
Stocks Offered 0 0 0
Trade UK Shares? No No No Yes
Trade US Shares? No No No No
Trade German Shares? No Yes No No
Trade Japanese Shares? No Yes No No

Your capital is at risk

Losses can exceed deposits

Your capital is at risk

Your capital is at risk

Alternatives To Betterment

If, after reading this Betterment review, Betterment does not meet your needs check out these Betterment alternatives.

We've scoured the internet to find the best alternatives to Betterment. Click the links below to find out more.

Frequently Asked Questions about Betterment

Can I try Betterment before I buy?

Yes, you can most certainly try Betterment before you buy. Betterment offers demo accounts for the ease of beginner traders. You can use this feature to build your faith in the machine and yourself and your trading strategies.

If you register to get a demo account on Betterment, you will set out using a decent amount of virtual money. It's to establish a sense of security and confidence in you before you decide to invest your own money.

With this digital Bettermentdemo account, you can experiment in any way, to whatever length you wish. You can also open positions, test different trading strategies, and more.

Betterment specifies on its official site which you can exchange real time stocks with your demo account.

Is Betterment safe?

It is possible to drop all your worries because we believe that Betterment is completely safe to use. It's in compliance with all the rules of Unregulated.

Nevertheless, Betterment does not provide assured stop-loss protection.

Why does Betterment ask for my passport?

The reason that Betterment asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, Betterment has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, Betterment must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.

How can I start trading with Betterment?

The process to start trading withBetterment is perhaps simple enough to be a cakewalk. You need to begin by signing up on the Betterment website. It will require you to fill in details pertaining to the credibility and security of your account.

Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live acocunt with Betterment is $0. You should have a good hold over the nuances of online trading before you set out and trade with real money.

If you are confident of your knowledge and understanding, you can open an account with Betterment.

The best way to kickstart your trading career with Betterment is to open a demo account facility before risking any real money

What funding methods do Betterment accept?

There are a number of ways to fund your account with Betterment. The process is effortless and quick, with different payment methods in your fingertips.

You can use credit or debit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing funds. You must bear in mind that PayPal is not available in all place. The monies Betterment

Is my money safe with Betterment?

Yes, your money is safe and protected with Betterment. As you know, Betterment operates with good conformation to. It has established plenty of steps to protect all of its own investors.

Betterment safeguards its customers' personal and sensitive information under SSL encryption. Your funds will be retained highly secure in top-tier banks.

If you wish to further safeguard your accounts, you can enable Two-Step Verification also. It requires an SMS affirmation that you access your account.

Is Betterment trading good?

Yes, trading through Betterment is a nice and decent experience indeed. It is a great and intuitive platform with helpful features for your simplicity. In addition, you could also gain access to a huge collection of educational resources and assistive substance to kickstart your trading expertise.

If you are still skeptical, it is possible to start a eToro demo account and assess the credibility of the platform for yourself.

Which Countries does Betterment support?

Betterment operates around the globe. However, due to regulations there are some countries that Betterment do accept clients resident in

Is Betterment legit?

Betterment is a legit company headquarted in USA since 2008. They are regulated by Unregulated. Betterment is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.

Is Betterment a good broker?

Betterment is a great broker, and its users may vouch for this. The highlight of the platform is its quick order execution on trades.

You will discover the clean design of the platform and the admirable features that a pleasure to work with.

Is Betterment a trustworthy broker?

Yes, Betterment is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can reaffirm their trustable nature.

What is the minimum deposit for Betterment?

The minimum deposit to open a live account with Betterment is $0

How long do Betterment withdrawals take?

Normally, withdrawal of money from Betterment is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from Betterment to show in your bank account.

Are Betterment regulated?

Betterment are regulated by Unregulated

Is Betterment a market leading broker?

Betterment is indisputably one of the industry leaders. It supports over 10,000+ registered users and over 13 years of experience on its record. They're among the world's leading trading platforms and a dominant figure in the Fintech revolution.

It majorly owes this status to its unbelievable platform and wide selection of tools plus resources so that you can invest in capital markets.

Is Betterment a con?

No, Betterment is not a con. They are regulated by Unregulated and must adhere to their rules. Thus, it is safe to say that Betterment is not a scam.

Can you make money with Betterment?

Using Betterment, many traders earn a lot of money. However, typically, through consistent trading, you can make between 2% - 10% profit a month.

This can look like a little number, but within the year, this adds to a significant amount of gains. Even though Betterment provide you all the tools to earn money, they cannot guarantee you will profit.

Does Betterment have fees?

Yes. To begin trading using Betterment, you need to deposit $0. Particular commissions while trading also apply. Any processing fees from your bank will need to be incurred by you.

When was Betterment founded?

Betterment was founded in 2008 in USA. Betterment is regulated by Unregulated.

How many people use Betterment?

Betterment is a globally recognised agent with 10,000+ clients.

Where is the Betterment head office?

Betterment has its head office in USA

Does Betterment offer negative balance protection?

No. Betterment doesn't offer negative balance protection. If your balance is negative, Betterment indicates that you contact client services. With this, you are able to correct any imbalances in your account.

Does Betterment offer guaranteed stop loss?

Betterment unfortunately, doesn't offer guaranteed stop loss. Betterment provides an opportunity for its dealers to close their trades in their specified price. Apart from that, Betterment doesn't offer guaranteed stop loss.

Does Betterment allow scalping?

Yes, Betterment do allow scalping. Several traders throughout the world select Betterment due to their scalping services. They offer trading on Mac,iPhone,iPad,WEB,Desktop which let this.

Does Betterment allow hedging?

Yes, Betterment does allow hedging.

Can you trade energies with Betterment?

No, unfortunately you cannot trade energy stock with Betterment

Can you trade agricultural shares with Betterment?

No, unfortunately you cannot trade agricultural stock with Betterment

Can you trade cryptocurrency with Betterment?

No, unfortunately you cannot trade cryptocurrency with Betterment

Can you trade metals with Betterment?

No, unfortunately you cannot trade metals with Betterment

Can you trade UK Shares with Betterment?

No, unfortunately you cannot trade UK shares with Betterment

Can you trade US Shares with Betterment?

No, unfortunately you cannot trade US shares with Betterment

Can you trade Japanese Shares with Betterment?

No, unfortunately you cannot trade Japanese shares with Betterment

Can you trade German Shares with Betterment?

No, unfortunately you cannot trade German shares with Betterment

Does Betterment accept bank transfers?

No, Betterment does not accept bank transfers.

Does Betterment accept credit cards?

No, Betterment does not accept credit cards.

Does Betterment accept PayPal?

No, Betterment does not accept PayPal.

Does Betterment accept Skrill?

No, Betterment does not accept Skrill.

Does Betterment accept Payoneer?

No, Betterment does not accept Payoneer.

Does Betterment accept Neteller?

No, Betterment does not accept Neteller.

Does Betterment offer Live Chat customer support?

No, Betterment does not offer customer support through live chat.

Does Betterment offer phone customer support?

No, Betterment does not offer customer support over the telephone.

Does Betterment offer email customer support?

No, Betterment does not offer customer support through email.

What languages can Betterment communicate in?

Betterment has the ability to communicate and support customers who speak:

Does Betterment have a wikipedia page?

No, Betterment does not have an official wikipedia page.

Does Betterment offer demo accounts?

Yes, Betterment offers demo accounts so you can learn their systems before risking any real money.