Solomore (solomore.app) has been flagged by ASIC (Australia) for "Unlicensed". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: solomore.app.
I referred a friend to Solomore (solomore.app) 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|Dedicated account manager
Cons: No dark mode on mobile|Help articles are sometimes vague
I requested my data from Solomore (solomore.app) under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Wide product range|Helpful community forum
Cons: Website design could be more modern|Limited ETF selection
Solomore (solomore.app) 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: Social trading features|Detailed reporting|Smooth onboarding|Stable platform
Cons: Mobile app could be improved|Cannot customize dashboard fully
My card was charged twice by Solomore (solomore.app) on the same day. I had to dispute it with my bank. Solomore (solomore.app) 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: Regular platform improvements|Clear documentation
Cons: Inactivity fee applies after 12 months