FINCONCHILE has been flagged by Comisión para el Mercado Financiero (Financial Market Commission) for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I referred a friend to FINCONCHILE while looking for alternatives to my previous provider. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Fast execution|Fast support response|Regular platform improvements|High security standards
Cons: Research section could be deeper|Desktop app not available on Linux
I had a dispute with FINCONCHILE and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Transparent fees|Professional team|High security standards
Cons: Limited ETF selection
I was about to invest with FINCONCHILE but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Comisión para el Mercado Financiero (Financial... has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Flagged by Comisión para el Mercado Financiero (Financial...|Cannot verify credentials
I gave FINCONCHILE a fair chance. After for about ten months of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Two-factor authentication|Smooth onboarding|Excellent charting|Reliable uptime
Cons: Would like more payment methods
Opened my account with FINCONCHILE after seeing their ad online and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Great customer service|Good analytical tools
Cons: Limited social trading features|No crypto staking
I have been trying to close my account with FINCONCHILE for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Fast execution|Intuitive for beginners|Dividend tracking|Transparent fees
Cons: Minimum deposit could be lower
My withdrawal from FINCONCHILE was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. since I opened my account last year of being strung along.
Pros: Reliable uptime|Professional team|Market news feed
Cons: Mobile app could be improved
I was contacted by FINCONCHILE through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Cons: Withdrawal fees demanded|Communication cut off|Not authorized
Customer support at FINCONCHILE seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Fast support response|Segregated accounts
Cons: Nothing significant
The platform at FINCONCHILE is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After since early this year of dealing with this, I have had enough.
Pros: Professional team|Fast deposits
Cons: Help articles are sometimes vague|No integrated tax optimization