My Review about an APP called FINELO ( Is it a Scam or is it for Real ?)

 Welcome to my reviews on products I have tried and tested,  I base my reviews on my experience.

WHAT IS FINELO?

Finelo is advertised as a 28 day stock trading training app that uses advertisements that lead you to believe that you can make a lot of money from using the App from trading stocks.

You most likely will see the ads on Facebook and possibly YOUTUBE.

I decided to try the App as ads lead you to believe you can start with $20, I figured I spend $20 on other things so here we go on what my experience was.

I signed up and was charged my $20 to use the app. 

Within minutes it led me to ask for more money and I declined  the offers asking for more than $50 for additional services. This immediately turned me away from the app to start with but I continued just to see what the app offers.

So the app offers some good BASIC training on how to trade on the stock market. The App does teach you all the basics about Stocks and Stock Trading. It teaches you short and long term investing. It even has a program inside the App that you can use as a simulation to purchase stocks and trade stocks.

However I feel the ad is deceptive because the $20 is charged to you for the part of the APP. You do not get to invest in this APP nor is the $20 going towards investing or trading stocks. Instead they lead you to another APP that is used to BUY Sell or Trade Stocks and you have to add money to this APP in order to invest in the stocks.

REVIEWS ON LINE:

Overall the APP has good reviews however the biggest complaint was it was too basic.

HOW MUCH DOES IT COST:

This is where I feel in my opinion the AD is deceptive as they advertise to start at $20.00. I signed on and instantly got asked for more money and the average cost of the APP runs $39.99 per month.

WILL YOU MAKE MONEY TRADING STOCKS WITH THE APP: 

If you decide to use this APP I warn you IT IS NOT A STOCK TRADING PLATFORM meaning you CANNOT  BUY SELL OR TRADE STOCKS ON THIS APP!

What the APP does do is teach you all about investing in the stock market.

In the APP they send you to another APP that you can trade stocks, however you have to ADD money into this account to open it as a money requirement of $50.

MY FINAL REVIEW:

If you want to learn about the Stock Market this is a great training tool however I feel the ADS for the APP are deceptive.

I recommend you try these companies called STASH or ACORNS if you want to start small investing.

As far as day trading one thing they do not mention it is a federal requirement to have $25,000 in your account to day trade.

Most other companies that allow stock investing require a $500 deposit to start the account. These companies also have Long term investing like 401K accounts.