RENTA CHILE 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.
KYC with RENTA CHILE is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: API access|Clean UI|Multi-device support|Quick verification
Cons: Desktop app not available on Linux
After seeing ads for RENTA CHILE online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Comisión para el Mercado Financiero (Financial.... Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Cons: Flagged by Comisión para el Mercado Financiero (Financial...|Cannot verify credentials
I joined RENTA CHILE after hearing about them at a conference and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Real-time alerts|Risk management tools
Cons: Minimum deposit could be lower|Cannot customize dashboard fully
RENTA CHILE 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: High security standards|Regular platform improvements|Stable platform
Cons: Nothing significant