Linqto

These guys should and probably will get sued eventually. They sell you shares at grossly inflated prices and then will only buy them back at way below market prices (even for popular stuff that keeps selling out!). Take Ripple for example. They are selling the shares for $117, but only buying them back at $74. The spread should not be that big for something so popular. It could even be some type of Ponzi scheme since they are acting on both sides of the transaction with insane spreads. Regardless of legal or not, it’s definitely an unethical trap, so BUYERS BEWARE!

The prices went up, I waited for 8 months, but they still paid back my money very less and that too with very high fees. Shame on your business model, I hope you go down to trash soon. Fraudsters.

Interface is easy to use and intuitive. However, the transaction value is terrible. I wish there were a less harsh and accurate way to describe it, but terrible is on point. This becomes a parent after you own securities you’ve purchased and wish to sell prior to you liquidation event. Not only will you be charged at 10% fee on the gross transaction value, wiping out a significant portion of any gain, you will be voted a price significantly lower than what it would cost you to purchase the same share at the same time through Linqto. For example, you may have a security you paid $35 for, that now cost $55 to add more, but which you could only sell for $45 that might sound great because you still have a $10 gain, except the majority of that will be retained by Linqto as part of the 10% fee upon sale. I understand the heavy fee approach, or the widespread approach as either is a reasonable means of profit for Linqto. However, what I can’t handle is both on the same transaction. Profit profit, but that level agreed makes it impossible for the investor to net any reasonable return prior to a liquidation event. I’m still waiting to see what happens following a liquidation event, as I’ve not experienced one yet with the securities I’ve purchased.

Gives an opportunity to buy into companies not available to the average person. For trading and selling, charges high fees and buy back is well below market value of what it has for the same assets on the platform.

Don’t fall for any “promotions” offered by this company. I followed their instructions to the T for a $250 bitcoin offer, but they reneged on it claiming that I didn’t go through their promo page, which I absolutely did. Unfortunate for you but convenient for them, you can’t prove you clicked through a specific page.

When investing into ripple they allowed me to make a minimum purchase. Now for any other IPO I want to invest into I’d have to an accredited investor already. Funny how it was allowed for one and not all. You’d think this company would be helping people to invest but it’s just an app that you can’t spend your money on investments if your broke according them. Good luck being poor.

Great app so far and reached out to customer service twice and got fast responses

Good luck on getting any of your money out. Easy to get money in. I’ve been waiting and waiting and waiting for my money to be released over a week nothing. Also, they keep a huge chunk of your sales double check that I think these guys are all about keeping the money because they took a large amount worse than any bank. then had excuses that were ridiculous. Also, they set up a system that makes it virtually impossible to dispute with your bank and get your funds returned. Be careful.

I make a great income, but with family and daily requirements I don’t have $200,000+ available to make such investments. Seemed to be always out-of-touch with my upper-middle class stature. I love the ease and availability Linqto has given me to finally put in a smaller percentage of my portfolio into these up and coming ventures. What has held me back a little from 5 star review is when I transfer from my Roth IRA (Through a Directed IRA source), sometimes I’m a little short. Example: Ripple investment cost $10,042 and I had $10,000 in my Linqto account. I can’t make the investment unless I jump through hoops to get the additional $42 deposited. Why not just make it a round number or adjust the shares to match the $10,000?

I personally love this platform- I am so excited private stocks are finally here for accredited investors to back. Low ratings because you don’t qualify as an accredited investor doesn’t mean it’s the app or company’s fault, they are simply working within SEC / FINRA rules. Anyone who’s 1-starring for this reason shows a lack of financial knowledge and common sense, and shouldn’t be investing in the first place.