SENECA APP has been flagged by Comisión Nacional del Mercado de Valores 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.
If you are reading this considering SENECA APP - run. I wish I had read more negative reviews from a review site like this one. I thought the positive ones were real. Maybe some are. My experience over since the beginning of the year has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: High security standards|Regular updates
Cons: Email notifications too frequent|No dark mode on mobile
I lost a significant amount because SENECA APP did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Comprehensive tools|No hidden fees
Cons: No fractional shares|Limited social trading features
The spread at SENECA APP is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them through my accountant's suggestion and initially thought the platform was good - until I started trading seriously.
Pros: Clean UI|Good analytical tools
Cons: No live chat on mobile
I have been trying to close my account with SENECA APP 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: Automated trading options|Educational resources
Cons: Desktop app not available on Linux|Inactivity fee applies after 12 months