Caruselepro has been flagged by Ontario Securities Commission for "Unregistered/Unlicensed entity offering financial products or services". Caruselepro found at www.caruselepro.com is not registered in Ontario to engage in the business of trading in securities. This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Caruselepro has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Risk management tools|Portfolio tracking tools|Dividend tracking
Cons: Inactivity fee applies after 12 months
I experienced a security concern with my Caruselepro account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Fast execution|Good analytical tools|Low minimum deposit
Cons: Help articles are sometimes vague|Email notifications too frequent
Do not use Caruselepro for anything serious. I used them for a couple of months now for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Regular platform improvements|Tax reports included|Fast execution
Cons: Limited ETF selection
Caruselepro offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Helpful community forum|Fast execution|Regular updates
Cons: No live chat on mobile|Would like more payment methods
I had high hopes for Caruselepro after seeing their ad online, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Market news feed|Fast support response|Smooth onboarding|Responsive team
Cons: Account statements could be more detailed|No fractional shares