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.
FINCONCHILE seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Clean UI|Dividend tracking
Cons: Mobile app could be improved|Limited cryptocurrency options
My card was charged twice by FINCONCHILE on the same day. I had to dispute it with my bank. FINCONCHILE then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Real-time alerts|Customizable dashboard
Cons: Some tools only available on higher tiers
The spread at FINCONCHILE is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after reading several online reviews and initially thought the platform was good - until I started trading seriously.
Pros: Customizable dashboard|Clear documentation|Reliable uptime|Multiple order types
Cons: Nothing significant