Wealthfront Guide – Read our In-Depth Wealthfront Review
Wealthfront Rating: 4.08 / 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 Wealthfront 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 Wealthfront review does not apply to users in BR, KR, IR, IQ, SY, JP, US
If you're a new entrant in the realm of trading and broker, so many details will be perplexing for you. Getting into the area of trading requires expert analyzing skills and thorough knowledge. You'll acquire adept at all the concepts of broker since you keep trading. For starters, you need to select the ideal broker who will be transparent with you always.
In this fast-paced world of stock markets and trading, you will need guidance to make correct decisions. A professionally direct investment plan will create hefty returns. Wealthfront is one such platform that will take you along with your investment into great heights. It is crucial that you understand about Wealthfront until you trust them with your money.
Wealthfront Review – Quick Overview
Wealthfront Telephone Number:
Wealthfront Email Address:
Number Of Clients:
10,000+ Wealthfront users and traders
Wealthfront Facebook Likes:
Wealthfront Twitter Followers:
Wealthfront Instagram Followers:
Your capital is at risk
|Wealthfront Telephone Number:|
|Wealthfront Email Address:|
|Number Of Clients:||10,000+ Wealthfront users and traders|
|Wealthfront Facebook Likes:||0|
|Wealthfront Twitter Followers:||0|
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Your capital is at risk
Our entire Wealthfront Review covers everything you will need to learn about trading using Wealthfront. A good broker can multiply your first investments and provide you positive profits. If you would like to make profits, you should trade with a broker service that aligns with your investment objectives.
There's absolutely no sure-fire method to guarantee profits; therefore, you must carefully analyze your broker before you choose them. It is a common misconception that all brokers will be the same, but that is not correct. Wrong judgment, in the beginning, can put your investments at risk.
Wealthfront is a broker that has found its way successfully to the broker world. In this review, we have attempted to collate a number of the important facets of Wealthfront. This review can help you to know whether Wealthfront is a good match for your own investments or not. We have tried to breakdown all of the features and fees for your convenience.
Wealthfront Review, Table Of Contents
- Who are Wealthfront?
- Benefits Of Trading With Wealthfront
- Everything you should know about trading with Wealthfront
- Is Wealthfront Safe To Trade With?
- Wealthfront Risk Disclaimer
- Pro's & Con's Of Trading With Wealthfront
- Compare Brokers Similar To Wealthfront
- Regulation And Licencing In More Detail
- Wealthfront Awards
- Minimum Deposit Required For A Live Account With Wealthfront
- Wealthfront Commission And Fees Explained
- Compare broker fees against Wealthfront
- Wealthfront Withdrawal Fees Explained
- Wealthfront Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With Wealthfront?
- Alternatives To Wealthfront
- Frequently Asked Questions About Wealthfront
Who are Wealthfront?
Wealthfront is a foreign exchange broker headquartered in USA and provides a range of tools for online trading. Since its beginning in 2008, Wealthfront has emerged as a leading player in the field of online broker. Wealthfront includes a highly aggressive and full-featured trading website that is focused on currency, indices, metals, shares, commodities.
Over the past 13 years, Wealthfront has grown into one of the leading online brokers.
After launching in 2008, their customer base has become as large as 10,000+ clients.
Wealthfront is the favourite of many dealers because of its negative balance protection. Our Wealthfront review found that they are an superb alternative for automated trading solutions. It is most appropriate for investors that are looking for a variety of assets. Social and automated trading options are the core at Wealthfront.
Technology plays a substantial role in Wealthfront. Wealthfront offers trading on iPhone,Mac,iPad,Android,WEB. Wealthfront is honest, transparent, and also a well-regulated broker by the Unregulated. Their outstanding variety of resources will be beneficial for the majority of traders. Third-party partnerships also provide in-house research.
The educational department at Wealthfront is quite enlightening for new dealers as it allows them to have a closer look in the financial markets. Wealthfront caters to all sorts of traders and are a must-have broker for almost any well-diversified approach to online trading.
If you feel that Wealthfront is not right for you then at the bottom of this Wealthfront review you wil find a lot of alternatives to Wealthfront.
Everything you ought to know about trading using Wealthfront
Wealthfront is a dynamic platform that provides various techniques of trading online. These tools cover the financial markets substantially. Most of the broker platforms offer less procedures than Wealthfront
If you want to trade with Wealthfront, you will require a minimum deposit of $500. This deposit is compulsory if you would like to begin trading with Wealthfront. This 2021 Wealthfront review will guide you easily about trading with them.
Wealthfront is as flexible as any other broker platform. Wealthfront is ideal for traders that want a manageable assortment of low-cost services. The platforms offered by Wealthfront are third party, white-label offerings. All traders can choose out of iPhone,Mac,iPad,Android,WEB.
Together with everything, Wealthfront has multiple benefits to new and verteran traders and should be investigated. There is no minimum time over which a trade has to be kept available. The agents offer premium customer service which rewards clients with benefits.
Many less reputable brokers attempt to pressurise customers into larger funding for superior services. Wealthfront, on the other hand, is more focused on trading volume. Traders can expect trading conditions to be fair, honest and transparent. The more lots traded by the user, the further benefits will come along.
Wealthfront accounts are available globally and provides quality service wherever they have clients. There are only a select few countries where Wealthfront accounts are not available. Traders in the following countries cannot open or use a Wealthfront account:
BR, KR, IR, IQ, SY, JP, US
Is Wealthfront Safe To Trade With?
Established in 2008, Wealthfront has been open for 13 years, they are headquarted in USA.
Wealthfront is regulated by Unregulated. These bodies have rules that make sure that trading platforms have ploicies in place to maintain investor's assets secured. This usually means that Wealthfront users do not need to be worried about their money as it's segregated and safely kept in banks that are established. SSL encryption simplifies each user's personal information also.
You are able to make use of an option for Two Factor Authentications (2FA) with Wealthfront for heightened 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 respect to security might be manipulation of trading. This is highly disadvantageous for users on these platforms. Nonetheless, this is more widespread in the case of Market Maker agents who compete with users on the stage.
Wealthfront Risk Disclaimer
Your capital is at risk
Pro's & Con's Of Trading With Wealthfront
Every online trading platform will have some ups and downs, and no Wealthfront review would be complete without showing both sides. This Wealthfront 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.
- Wealthfront is trusted by 10,000+ clients
- Wealthfront offers Negative Balance Protection
- Wealthfront doesn't charge inactivity fees
- Wealthfront doesn't charge deposit fees
- Wealthfront offers social trading
- Wealthfront offers copy trading
- Wealthfront offer trading on iPhone,Mac,iPad,Android,WEB
- Wealthfront offer 270 trading instruments
- Wealthfront can communicate in English, and Chinese
- Wealthfront does not offer Guaranteed Stop Loss
- Wealthfront has high minimum deposit requirements
- Wealthfront charge withdrawal fees
- Wealthfront doesn't trade major forex pairs
- Wealthfront doesn't trade minor forex pairs
- Wealthfront doesn't trade exotic forex pairs
- Wealthfront doesn't offer trading on cryptocurrencies
- Wealthfront charge CFD fees
- Wealthfront doesn't offer trailing stop
Wealthfront Review - Compare Brokers Similar To Wealthfront
|Wealthfront||nsfx||m1 finance||ifc markets|
|Rating||4.08 / 10||4.15 / 10||4.25 / 10||4.5 / 10|
|Regulated By||Unregulated||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-F288||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-F273||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-F259|
|Find Out More|
|Risk Warning||Your capital is at risk||Your capital is at risk||Your capital is at risk||Your capital is at risk|
Wealthfront Review - Regulation And Licencing In More Detail
Wealthfront is regulated by Unregulated.
Wealthfront, as a business, has a powerful collection of rules for ensuring honest trading onto its platform. For information encryption purposes, it supplies an industry-standard secure socket layer (SSL).
As per the organization's privacy regulations, customer information is to not be shared with any other institutions or individuals. Including credit history and other financial information.
Wealthfront Review - AwardsAt the time of writing this Wealthfront review, and despite Wealthfront’s impressive offering, the company has surprisingly not garnered any other awards to date.
Wealthfront Trading Platforms
Wealthfront are a trustworthy trading platform that has been operating for over 13 years. They offer a wide range of options in their client accounts.
In the following table we take the main parts of any great online broker and compare Wealthfront with nsfx, m1 finance, and ifc markets
Wealthfront Review - Minimum Deposit Required
The minimum deposit that you must deposit to get started on Wealthfront is $500. This is a decent amount for people just beginning. It's possible to create more complex residue as you cooperate. However, ensure that you understand how to make the most of your money before investing larger sums.
Wealthfront Review - Commission And Fees Explained
Wealthfront is an online brokerage platform, and many online brokerages charge lower prices than traditional brokerages tend to bill. The reason for this is that the companies of online brokerages are scaled better. That is, an online broker isn't necessarily influenced by the amount of clients they have.
But this doesn't necessarily mean that online brokers do not charge any fees. They charge prices of varying rates for a variety of services to make money. There are primarily three different types of penalties for this purpose.
The first sort of charges to keep an eye out for are trading fees. When you make a genuine trade, like purchasing a stock or an ETF, you're billed trading charges. In these cases, you are paying a spread, funding speed, or even a commission. The sorts of trading fees and the prices differ from broker to broker.
Commissions could be fixed or determined by the traded quantity. On the other hand, a spread refers to the gap between the buying and selling cost. Funding or overnight rates are people that are charged when you hold a leveraged position for longer than a day.
Aside from trading fees, online agents also bill non-trading fees. These are dependent on the actions you undertake on your accounts. They're charged for services like depositing cash, not investing for long periods, or withdrawals.
Generally, Wealthfront doesn't charge high fees in comparison to other online brokers. For operations other agents fee for, they either do not charge a broker fee, or they charge a smaller amount. This can be beneficial for those who regularly trade, for example daily or weekly trading.
But, non-trading fees billed by Wealthfront are relatively lower. As a result, you're billed more for non-trading actions in your trading account, like withdrawal and deposits. These aren't related to the sale and purchase of assets.
This Wealthfront review breaks down each of the applicable non-trading fees for you in detail.
Compare broker fees against Wealthfront
Wealthfront Review - Withdrawal Fees Explained
Wealthfront 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 cash is possible at any moment from the Wealthfront account. It's possible to draw sums up to the amount of your account balance, keeping aside the margin used. One thing to keep in mind is that you don't always have to have any money in your account.
In addition, 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 cash will be sent into the card. Wealthfront will ask you to provide other withdrawal methods if your details have changed since your deposit.
There is a minimum withdrawal amount. In case you are withdrawing money in different currencies from USD, a conversion fee is also applicable. The conversion fee will be dependent on the money you are choosing to draw in.
Wealthfront Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is one of those buzzing questions that run through your mind when open an account with Wealthfront. 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 determined by the agent.
The inactivity fee also differs from 1 broker to another and is not generalized. If a dealers account does not have a purchasing or selling transaction, it is claimed by the broker as an inactivity fee. The traders have to pay this fee under conditions and terms they had consented while enrolling.
Wealthfront doesn't charge inactivity fees so you are free to pop in and out of your account as needed
Even if no charges are implied by Wealthfront, it is better that you close the account if you are inactive. Inactivity fees are not just charged by brokerage firms but also many financial services.
For additional trading platforms, the inactivity fee depends upon the type of account you've selected. The inactivity fee is exposed to many circumstances and should be revealed clearly by the broker beforehand.
Wealthfront Review - Deposit Fees Explained
When you move money in your trading account from the bank account, a deposit fee can be billed by the broker. Most agents don't charge an excessive amount of money for this particular operation.
Wealthfront doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing cash on the Wealthfront trading platform is simple. You simply need to finish a single-user profile survey to start depositing money into your trading account. You will have to give an identity evidence and proof of residency to deposit large sums.
Wealthfront Review - Compare Broker Deposit Methods
What Can You Trade With Wealthfront?
Note: Wealthfront offers a lot of different trading instruments due to regulatory restrictions in some countries. Trading instruments offered will be different based on the country of residence of the client.
Wealthfront has a wide variety of over 270 instruments available for you to trade with.
If trading currency pairs is of interest to you then Wealthfront offer over currency pairs.
Compare Wealthfront, nsfx, m1 finance & ifc markets below.
Reviewing The Wealthfront Mobile App
Note: Wealthfront's mobile app has a lot of functionality and is being constantly improved. What follows was accurate at the time of writing this Wealthfront review.
Understand the capabilities of the mobile apps of Wealthfront, nsfx, m1 finance & ifc markets below.
Alternatives To Wealthfront
If, after studying this Wealthfront review, they don't quite fulfill your requirements check out these Wealthfront alternatives.
We have scoured the web to find the best alternatives to Wealthfront. Click on the links below to learn more.
Frequently Asked Questions about Wealthfront
Can I try Wealthfront before I buy?
Yes, you can most certainly try Wealthfront before you buy. Wealthfront provides demo accounts for the convenience of beginner traders. You may use this feature to build your faith in the system and yourself and your trading strategies.
If you sign up to get a demonstration account on Wealthfront, you will set out with a decent amount of virtual currency. It's to establish a sense of security and confidence in you until you decide to invest your own money.
With this virtual Wealthfrontdemo account, you are able to experiment in any way, to whatever period you wish. You can even open positions, examine different trading strategies, and more.
Wealthfront specifies on its official site which you can exchange real time stocks in a demo account.
Is Wealthfront safe?
You can drop all of your worries since we believe that Wealthfront is completely safe to use. It is in compliance with the rules of Unregulated.
Even so, Wealthfront does not provide assured stop-loss protection.
Why does Wealthfront ask for my passport?
The reason that Wealthfront 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, Wealthfront 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, Wealthfront 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 Wealthfront?
The process to start trading withWealthfront is perhaps simple enough to be a cakewalk. You need to begin by signing up on the Wealthfront 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 Wealthfront is $500. You should have a good understanding of 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 Wealthfront.
The best way to kickstart your trading career with Wealthfront is to open a demo account facility before risking any real money
What funding methods do Wealthfront accept?
There are multiple methods to fund your account with Wealthfront. The process is effortless and quick, with various payment methods in your fingertips.
You can use debit or credit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing money. You have to keep in mind that PayPal is not available in all place. The currencies Wealthfront
Is my money safe with Wealthfront?
Yes, your money is safe and protected with Wealthfront. As you already know, Wealthfront operates with good conformation to. It's established plenty of measures to protect all of its own investors.
Wealthfront safeguards its customers' private and sensitive information under SSL encryption. Your funds will be kept highly secure in top-tier banks.
If you wish to further protect your account, you can enable Two-Step Verification also. It takes an SMS affirmation that you get your account.
Is Wealthfront trading good?
Yes, trading through Wealthfront is a pleasant and decent experience indeed. It's an excellent and intuitive platform with useful features for your ease. Moreover, you can even obtain access to a vast selection of educational tools and assistive substance to kickstart your trading experience.
If you remain skeptical, it is possible to start a eToro demo account and assess the credibility of the platform on your own.
Which Countries does Wealthfront support?
Wealthfront operates across the globe. However, due to regulations there are some countries that Wealthfront can't accept clients resident in BR, KR, IR, IQ, SY, JP, US
Is Wealthfront legit?
Wealthfront is a legit company headquarted in USA since 2008. They are regulated by Unregulated. Wealthfront 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 Wealthfront a good broker?
Wealthfront is an excellent broker, and its own users may vouch for it. The highlight of the platform is its fast order execution on trades.
You will discover the clean design of this platform and the admirable features a pleasure to work with.
Is Wealthfront a trustworthy broker?
Yes, Wealthfront 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 Wealthfront?
The minimum deposit to open a live account with Wealthfront is $500
How long do Wealthfront withdrawals take?
Normally, withdrawal of money from Wealthfront 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 Wealthfront to show in your bank account.
Are Wealthfront regulated?
Wealthfront are regulated by Unregulated
Is Wealthfront a market leading broker?
Wealthfront is indisputably among the industry 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 a prominent figure in the Fintech revolution.
It majorly owes this standing to its incredible platform and wide selection of resources plus tools so that you may put money into capital markets.
Is Wealthfront a con?
No, Wealthfront is not a con. They are regulated by Unregulated and must adhere to their rules. Thus, it is safe to say that Wealthfront is not a scam.
Can you make money with Wealthfront?
Using Wealthfront, many traders make a great deal of money. But typically, through consistent trading, you can make between 2% - 10% profit a month.
This may seem to be a small number, but over the year, this adds to a substantial amount of gains. While Wealthfront supply you all the tools to make money, they can't guarantee you will profit.
Does Wealthfront have fees?
Yes. To start trading using Wealthfront, you have to deposit $500. Particular commissions while trading also apply. Any processing fees from your bank might have to be incurred by you.
When was Wealthfront founded?
Wealthfront was founded in 2008 in USA. Wealthfront is regulated by Unregulated.
How many people use Wealthfront?
Wealthfront is a worldwide recognised broker with 10,000+ customers.
Where is the Wealthfront head office?
Wealthfront has its head office in USA
Does Wealthfront offer negative balance protection?
Yes, Wealthfront has Negative Balance Protection. It's specially offered when the market volatility keeps customers from allowing their accounts go in the red. In a situation like this, Wealthfront provides the ability to reset a customers account balance to zero.
You should go through the critical terms and conditions on Wealthfront's site to comprehend their policies better.
Does Wealthfront offer guaranteed stop loss?Wealthfront unfortunately, doesn't offer guaranteed stop loss. Wealthfront gives a chance for its traders to close their trades in their specified price. Aside from this, Wealthfront does not offer guaranteed stop loss.
Does Wealthfront allow scalping?Yes, Wealthfront do allow scalping. Several traders across the world select Wealthfront due to their services that are trading. They offer trading on iPhone,Mac,iPad,Android,WEB which allow this.
Does Wealthfront allow hedging?
Yes, Wealthfront does allow hedging.
Can you trade energies with Wealthfront?
No, unfortunately you cannot trade energy stock with Wealthfront
Can you trade agricultural shares with Wealthfront?
No, unfortunately you cannot trade agricultural stock with Wealthfront
Can you trade cryptocurrency with Wealthfront?
No, unfortunately you cannot trade cryptocurrency with Wealthfront
Can you trade metals with Wealthfront?
No, unfortunately you cannot trade metals with Wealthfront
Can you trade UK Shares with Wealthfront?
No, unfortunately you cannot trade UK shares with Wealthfront
Can you trade US Shares with Wealthfront?
No, unfortunately you cannot trade US shares with Wealthfront
Can you trade Japanese Shares with Wealthfront?
No, unfortunately you cannot trade Japanese shares with Wealthfront
Can you trade German Shares with Wealthfront?
No, unfortunately you cannot trade German shares with Wealthfront
Does Wealthfront accept bank transfers?
Yes, Wealthfront accepts bank transfers for depositing money.
Does Wealthfront accept credit cards?
Yes, Wealthfront accepts credit cards for depositing money.
Does Wealthfront accept PayPal?
No, Wealthfront does not accept PayPal.
Does Wealthfront accept Skrill?
No, Wealthfront does not accept Skrill.
Does Wealthfront accept Payoneer?
Yes, Wealthfront accepts Payoneer for depositing money.
Does Wealthfront accept Neteller?
No, Wealthfront does not accept Neteller.
Does Wealthfront offer Live Chat customer support?
Yes, Wealthfront offers customer support through live chat.
Does Wealthfront offer phone customer support?
Yes, Wealthfront offers customer support over the telephone.
Does Wealthfront offer email customer support?
Yes, Wealthfront offers customer support through email.
What languages can Wealthfront communicate in?
Wealthfront has the ability to communicate and support customers who speak: English, and Chinese
Does Wealthfront have a wikipedia page?
No, Wealthfront does not have an official wikipedia page.
Does Wealthfront offer demo accounts?
Yes, Wealthfront offers demo accounts so you can test your trading strategies before risking any real money. New traders can open a demo account in order to better understand the areas of Forex trading and test out some of the company’s features before signing up for a live account.