Betterment Guide – Read our In-Depth Betterment Review
Betterment Rating: 2.68 / 10
Our proprietary rating algorithm takes all of our datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones.
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 users in BR, KR, IR, IQ, SY, JP, US
If you are a new entrant in the world of trading and brokerage, so many details will be perplexing for you. Getting into the area of trading demands expert analyzing skills and thorough understanding. You'll acquire adept at all of the concepts of brokerage as you continue trading. For starters, you have to choose the right broker who'll be transparent with you always.
In this fast-paced world of stock markets and trading, you will need advice to make proper decisions. A professionally lead investment plan will create hefty returns. Betterment is one such platform which will take you along with your investment into great heights. It's crucial to understand about Betterment until you trust them with your cash.
Betterment Review – Quick Summary
Betterment Telephone Number:
Betterment Email Address:
Number Of Clients:
10,000+ Betterment users and traders
Betterment Facebook Likes:
Betterment Twitter Followers:
Betterment Instagram Followers:
Your capital is at risk
|Betterment Telephone Number:|
|Betterment Email Address:|
|Number Of Clients:||10,000+ Betterment users and traders|
|Betterment Facebook Likes:||0|
|Betterment Twitter Followers:||0|
|Betterment Instagram Followers:||0|
Your capital is at risk
Our full Betterment Review covers everything you will need to know about trading with Betterment. A fantastic broker can multiply your initial investments and provide you favourable profits. If you want to make profits, you must trade with a brokerage service that contrasts with your investing goals.
There is no sure-fire method to guarantee profits; therefore, you must carefully assess your broker before you choose them. It is a frequent misconception that all agents are exactly the same, but that's not correct. Wrong judgment, in the beginning, can put your investments at risk.
Betterment is a broker which has found its way successfully into the broker world. In this review, we have attempted to collate some of the important facets of Betterment. This review can help you to know whether Betterment is a fantastic fit for your own investments or not. We have attempted to breakdown all of the qualities and charges for your convenience.
Betterment Review, Table Of Contents
- Who are Betterment?
- Benefits Of Trading With Betterment
- Everything you should know about trading with Betterment
- Is Betterment Safe To Trade With?
- Betterment Risk Disclaimer
- Pro's & Con's Of Trading With Betterment
- Compare Brokers Similar To Betterment
- Regulation And Licencing In More Detail
- Betterment Awards
- Minimum Deposit Required For A Live Account With Betterment
- Betterment Commission And Fees Explained
- Compare broker fees against Betterment
- Betterment Withdrawal Fees Explained
- Betterment Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With Betterment?
- Alternatives To Betterment
- Frequently Asked Questions About Betterment
Who are Betterment?
Betterment is a foreign exchange broker headquartered in USA and provides a range of tools for online trading. Since its beginning in 2008, Betterment has emerged as a top-tier player in the industry of online broker. Betterment includes a highly competitive and full-featured trading website that's focused on forex, indices, metals, stocks and commodities.
Over the past 13 years, Betterment has grown into one of the leading online brokers.
After launching in 2008, their consumer base has become as big as 10,000+ clients.
Betterment is a favourite of many traders.. Our Betterment review found that they're an excellent choice for automated trading options. It's most appropriate for investors that are looking for a variety of assets. Social and automated trading solutions are the heart at Betterment.
Technology plays a substantial role at Betterment. Betterment offers trading on Mac,iPhone,iPad,WEB,Desktop. Betterment is honest, transparent, and a well-regulated agent by the Unregulated. Their outstanding array of tools will be beneficial for most traders. Third-party partnerships also provide in-house analysis.
The trader resource section at Betterment is very enlightening for new traders as it permits them to have 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 method of trading.
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 with Betterment
Betterment is a dynamic platform that provides various procedures of online trading. These instruments cover the financial markets considerably. The Majority of the brokerage platforms offer less procedures than Betterment
If you wish to trade with Betterment, you will require a minimum deposit of $0. This deposit is required if you want to begin trading with Betterment. This 2021 Betterment review will direct you easily about trading with them.
Betterment is as versatile as another brokerage platform. Betterment is great for traders that want a manageable variety of low-cost services. The platforms offered by Betterment are third party, white-label offerings. All traders may choose out of Mac,iPhone,iPad,WEB,Desktop.
Together with everything, Betterment has multiple benefits to new and verteran traders and should be investigated. There's absolutely no minimum time over which a trade has to be kept open. The brokers provide premium customer service which rewards clients with advantages.
Many less reputable brokers attempt to pressurise users into larger funding for superior services. Betterment, on the other hand, is much more focused on trading volume. Dealers can expect trading conditions to be reasonable, 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:
BR, KR, IR, IQ, SY, JP, US
Is Betterment Safe To Trade With?
Launched in 2008, Betterment has been in operation for 13 years, they are headquarted in USA.
Betterment is regulated by Unregulated. These bodies have rules that ensure that trading platforms have measures in place to keep investor's resources procured. This usually means that Betterment users do not need to be worried about their money since it's segregated and safely stored in banks that are established. SSL encryption secures every user's private information as well.
You are able to make use of a choice for 2 Factor Authentications (2FA) with Betterment for increased safety. An SMS with the confirmation code will be sent to a phone. You'll be required to enter this code to log in to your account.
Another concern with financial brokers with regards to security may be manipulation of trading. This is highly disadvantageous for consumers on those platforms. However, this is more prevalent in the example of Market Maker brokers who compete with users on the stage.
Betterment Risk Disclaimer
Your capital is at risk
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 having a balanced approach. 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 is trusted by 10,000+ clients
- Betterment has low minimum deposit requirements
- Betterment doesn't charge inactivity fees
- Betterment doesn't charge deposit fees
- Betterment doesn't charge CFD fees
- Betterment offers copy trading
- Betterment offer trading on Mac,iPhone,iPad,WEB,Desktop
- Betterment offer 276 trading instruments
- Betterment can communicate in English, and Chinese
- 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 doesn't offer social trading
- Betterment doesn't offer trailing stop
Betterment Review - Compare Brokers Similar To Betterment
|Rating||2.68 / 10||3.66 / 10||6.2 / 10||6.08 / 10|
|Headquarters||USA||St. Vincent and the Grenadines||Cyprus||Austrailia|
|Regulated By||Unregulated||Financial Conduct Authority (FCA)||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F242||Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA)|
|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 powerful set of rules for ensuring honest trading on its own platform. For information encryption functions, it supplies an industry-standard secure socket layer (SSL).
In accordance with the organization's privacy regulations, customer information is never to be shared with any other institutions or individuals. Including credit history and other financial information.
Betterment Review - AwardsAt the time of writing this Betterment review, and despite Betterment’s impressive offering, the company has surprisingly not garnered any other awards to date.
Betterment Trading Platforms
Betterment are a reputable brokerage that has been open for over 13 years. They offer a wide range of options in their customer accounts.
Below we take the main parts of any good online broker and compare Betterment with OctaFX, fxgiants, and Westpac
Betterment Review - Minimum Deposit Required
The minimum deposit you need to get started on Betterment is $0. This is an adequate amount for those just beginning. You can make more complex deposits as you go along. But, make certain that you understand how to make the most of your cash before investing larger sums.
Betterment Review - Commission And Fees Explained
Betterment is an online broker platform, and many online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the businesses of online brokerages are scaled better. That is, an internet broker is not necessarily affected by the amount of clients they have.
However, this doesn't mean that online brokers don't charge any fees. They charge fees of varying rates for a variety of services to make money. There are mainly 3 types of fees for this objective.
The first kind of fees to keep an eye out for are trading fees. Whenever you make an actual trade, like buying a stock or an ETF, you're billed trading fees. In these cases, you are spending a spread, financing speed, or even a commission. The sorts of trading charges and the rates vary from broker to broker.
Commissions could be fixed or dependent on the traded volume. On the other hand, a spread refers to the difference between the buying and selling cost. Funding or overnight prices are people that are charged when you maintain a leveraged position for more than a day.
Aside from trading fees, online agents also charge non-trading fees. These are determined by the activities you undertake on your account. They are billed for services like depositing cash, not investing for lengthy periods, or withdrawals.
Generally, 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 can be beneficial for people who often trade, such as weekly or daily trading.
However, non-trading fees charged by Betterment are comparatively higher. Consequently, you're charged more for non-trading activities on your trading accounts, like deposits and withdrawal. These are not related to the purchase and sale of assets.
This Betterment review breaks down each of the relevant non-trading charges for you in detail.
Compare broker fees against Betterment
Betterment Review - Withdrawal Fees Explained
Betterment charges a withdrawal fee when you make a bank transfer. Each time you move money into your bank accounts, these withdrawal charges become applicable.
Withdrawal of cash is possible at any moment from your Betterment account. You can draw up sums to the amount of your account balance, keeping aside the margin used. One thing to remember is that you don't always need to have any money on your accounts.
Moreover, the withdrawn money will be moved directly to the account you use to make deposits. Thus, in the event that you used a credit card for deposits, the withdrawn money is going to be sent to 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 case you're withdrawing money in various currencies from USD, a conversion fee is also important. The conversion fee will be dependent on the money you're opting to draw in.
Betterment Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is only one of those buzzing questions which run through your mind while open an account with Betterment. An inactivity fee is an amount charged to registered traders that have not participated in buying or selling for some time. The period considered inactive is determined by the broker.
The inactivity fee also differs from 1 broker to another and isn't standardized. If a traders account does not have a purchasing or selling trade, it is claimed by the broker as an inactivity fee. The traders need to pay this commission under conditions and terms they had agreed while enrolling.
Betterment doesn't charge inactivity fees so you are free to pop in and out of your account as needed
Even if no fees are indicated by Betterment, it's better that you close the account if you are inactive. Inactivity fees aren't just charged by brokerage firms but also many financial services.
For other trading platforms, the inactivity fee is contingent upon the type of account you've selected. The inactivity fee is subjected to many circumstances and needs to be revealed clearly by the agent beforehand.
Betterment Review - Deposit Fees Explained
When you transfer money in your trading account by the bank account, a deposit fee can be billed by the broker. Most brokers do not 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 cash on the Betterment trading platform is simple. You simply have to complete a single-user profile questionnaire to begin depositing money into your trading account. You will have to give an identity evidence and proof of residency to deposit large amounts.
Betterment Review - Compare Broker Deposit Methods
What Can You Trade With Betterment?
Note: Betterment offers a lot of different trading instruments due to regulatory restrictions in some countries. Trading instruments offered may differ based 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 forex pairs.
Compare Betterment, OctaFX, fxgiants & Westpac below.
Reviewing The Betterment Mobile App
Note: Betterment's mobile app has a lot of functionality and is being constantly improved. What follows was correct at the time of compiling this Betterment review.
Understand the capabilities of the mobile apps of Betterment, OctaFX, fxgiants & Westpac below.
Alternatives To Betterment
If, after reading this Betterment review, they don't fulfill your needs check out these Betterment alternatives.
We've scoured the internet to find the best alternatives to Betterment. Click on the links below to learn more.
Frequently Asked Questions about Betterment
Can I try Betterment before I buy?
Yes, you can most certainly try Betterment before you buy. Betterment provides demo accounts for the convenience of new traders. You can use this feature to build your faith in the system and yourself and your trading strategies.
If you sign up for a demonstration account on Betterment, you will set out using a decent amount of virtual currency. It is to establish a sense of security and confidence in you before you choose to invest your own money.
With this digital Bettermentdemo account, you are able to experiment in any way, to whatever length you desire. You can even start positions, examine different trading approaches, and much more.
Betterment specifies on its official site which you can trade real time stocks in a demo account.
Is Betterment safe?
You can drop all your worries since we believe that Betterment is perfectly safe to use. It's in compliance with all the principles of Unregulated.
Even so, Betterment doesn't 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 account with Betterment is $0. You should have a good understanding of the details 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 methods to finance your accounts with Betterment. The process is effortless and quick, with various payment methods in your fingertips.
You can use debit or credit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing funds. You must keep in mind that PayPal isn't available in every place. The monies Betterment
Is my money safe with Betterment?
Yes, your cash is safe and protected with Betterment. As you already know, Betterment operates with proper conformation to. It has established plenty of measures to guard all of its investors.
Betterment protects its clients' private and sensitive information under SSL encryption. Your funds will be retained highly secure in top-tier banks.
If you wish to further protect your accounts, it is possible to enable Two-Step Verification as well. It requires an SMS confirmation that you get your accounts.
Is Betterment trading good?
Yes, trading through Betterment is a nice and good experience indeed. It is a great and intuitive platform with useful features for your ease. Moreover, you could also gain access to a huge collection of educational resources and assistive material to kickstart your trading expertise.
If you remain skeptical, it is possible to open a eToro demo account and assess the credibility of the platform for yourself.
Which Countries does Betterment support?
Betterment operates across the world. However, due to regulations there are some countries that Betterment cannot accept clients from BR, KR, IR, IQ, SY, JP, US
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 can vouch for it. The highlight of this platform is its fast order execution on transactions.
You will discover the clean layout of this platform and the admirable features 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 currently one of the business leaders. It supports over 10,000+ registered users and over 13 years of expertise on its own record. They are among the world's top trading platforms and also a prominent figure in the Fintech revolution.
It simplifies this status to its incredible platform and broad range of resources plus tools so that you may 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, several traders make a great deal of cash. However, on average, through continual trading, you also can make between 2% - 10% profit a month.
This may seem like a small number, but within the year, this adds to a substantial amount of gains. Even though Betterment provide you all of the tools to earn money, they can't guarantee you will profit.
Does Betterment have fees?
Yes. To start trading with Betterment, you have to deposit $0. Particular commissions while trading additionally 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 worldwide recognised agent with 10,000+ customers.
Where is the Betterment head office?
Betterment has its head office in USA
Does Betterment offer negative balance protection?
No. Betterment does not provide negative balance protection. If your balance is negative, Betterment suggests that you contact client services. With this, you can fix any imbalances within your account.
Does Betterment offer guaranteed stop loss?Betterment regrettably, does not offer guaranteed stop loss. Betterment gives an opportunity to its dealers to close their trades in their specified price. Apart from this, Betterment does not offer guaranteed stop loss.
Does Betterment allow scalping?Yes, Betterment do permit scalping. Several traders throughout the world select Betterment for 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?
Yes, Betterment accepts bank transfers for depositing money.
Does Betterment accept credit cards?
Yes, Betterment accepts credit cards for depositing money.
Does Betterment accept PayPal?
No, Betterment does not accept PayPal.
Does Betterment accept Skrill?
No, Betterment does not accept Skrill.
Does Betterment accept Payoneer?
Yes, Betterment accepts Payoneer for depositing money.
Does Betterment accept Neteller?
No, Betterment does not accept Neteller.
Does Betterment offer Live Chat customer support?
Yes, Betterment offers customer support through live chat.
Does Betterment offer phone customer support?
Yes, Betterment offers customer support over the telephone.
Does Betterment offer email customer support?
Yes, Betterment offers customer support through email.
What languages can Betterment communicate in?
Betterment has the ability to communicate and support customers who speak: English, and Chinese
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. New traders can open a demo account in order to become better acquainted with the areas of Forex trading and test out some of the company’s features before getting a live account.