wilfredknight.com.au

Avoid at all costs if you do not want to risk losing all your money

Please seriously reconsider investing with this company if you want to avoid losing all your capital. I have lost approx $60,000 with Wilfred Knight.I was first contacted in early 2023 and after months of back and forth pitching of their 2.2% monthly target return rate using their algorithmic trading platform and allowing me to achieve my goal of becoming a home owner, I finally agreed to try them.In 2024, the platform performed terribly with a consistent and significant drawdown. I called Wilfred Knight every month or two, voicing my concerns and fear of losing my balance as I was still relatively young at the time and this was a lot of money for me. Each time I was reassured that everything was “under control” and being closely monitored by Altera Systems (the software provider). Despite repeated calls and reassurances, I ended up losing all of my invested money in November 2024.I was later told I would receive a credit due to the systematic loss being “broker errors/ incorrect weighting/ partial hedges not being applied.” On 28 November 2024, I was informed credit calculations were complete and I would be contacted within two weeks. 9 months later and after significant follow ups, I have not received a single dollar back. The only time I get updates is when I personally chase them and these are typically just AI-generated nonsense. I have since conceded that I will likely never get this money back.This ordeal has caused me immense stress and grief, and it distresses me further knowing that others have lost even larger sums. It also appears they are still onboarding new customers despite all the unresolved issues.EDIT: I originally posted this review on the 17/08/2025. I received a call from Wilfred Knight the following day, where I was pressured to remove this review, which I did. In that conversation, I was given a series of assurances:- By the end of the week, a wallet would be created showing the credit figure I was owed- Within 3–4 weeks, the funds would be accessible- An apology gift would be sent (not requested, but insisted upon)It is now over almost 6 weeks later and not a single one of these promises have been honoured. No wallet. No funds. No resolution. The fact that I was asked to remove my review under the pretense of an imminent resolution is consistent with the same pattern of delay, excuse-making, and false assurances I have endured since losing all my money.EDIT #2 26/01/26: Following further discussions with Denny, from Wilfred Knight, I agreed to remove my review again after being assured the first credit would be received within 3 months. No credit was received. Subsequently, I was contacted by Denny, who advised that the tech company, Altera Systems, had ceased responding to them, and that Wilfred Knight had therefore engaged a “third-party resolutions team” to address the issue. When asked, no formal name for this resolutions team could be provided, and it was later described as an independent contractor based in Pakistan/India. I confronted Denny about the Altera Systems website photoshopping their logo onto images, an office address that appears to be a room in a co-working space and no identifiable registration on UAE business registers. He could not give me any clear explanation why. Coincidentally, after these concerns were raised, the Altera Systems website became inaccessible. I have been extremely patient and co-operative while the explanations provided have continued to change, deadlines have repeatedly passed, and commitments have not been honoured. Based on the pattern of conduct to date, I would avoid Wilfred Knight at ALL costs. I have also been contacted by multiple other individuals who invested through Wilfred Knight and have learnt that one individual has lost over $350,000. I was also told by Wilfred Knight that family members of staff had experienced losses of approximately $300,000. Please also do not rely solely on the positive reviews appearing online as their page have been flagged on ProductReview for suspected falsely generated reviews.

Date of experience: Jan 23, 2026