Composer by SoFi Reviews: Is It Legit?

Name: Composer by SoFi
Rating: 4.42898 (704 reviews)

Composer by SoFi

Composer Technologies Inc.

💰 Finance

Customer Experience

Positive experience37.3% of reviews

Neutral1.7% of reviews

Negative experience61.0% of reviews

~ Based on 59 written reviews from the US App Store.

What users say about Composer by SoFi

Reviews of Composer by SoFi are mostly negative: the Finance app is rated 4.4/5 from 704 App Store ratings. What users like most: game changer, simple to use. Top complaints: expensive fees, bugs and glitches. Summarized from real user reviews.

Positive things

🚀Game changer
👍Simple to use
👍Great crowd sourcing of ideas
🚀Bringing algo trade to retail investors
👍Excellent app
👍Quality app
👍Great design
🚀Powerful financial tool

Negative things

💰Expensive fees
🐛Bugs and glitches
🔒Lack of transparency
🔒Difficult to withdraw money
🔒Untrustworthy
🔒Scam
🔒Steals money

Is Composer by SoFi Safe?

Composer by SoFi appears safe based on user ratings. AppsHunter Safety Score for Composer by SoFi is 88/100.

This assessment is based on 704 user ratings, with an App Store average of 4.4/5.

Safety Analysis

85.9% of ratings point to a safe experience

2.9% of ratings suggest some concerns

11.3% of ratings point to a risky experience

~ Based on 701 App Store ratings for Composer by SoFi.

Is Composer by SoFi Legit?

Composer by SoFi appears to be a legitimate app. AppsHunter Legitimacy Score for Composer by SoFi is 83/100.

Based on 83 of 100 points across 7 verification signals from App Store and developer data.

Top reviews

Most Recent Highest Rated Lowest Rated

Save your money

This app is garbage. I’ve been trading for 10 years and there are so many flaws with this I don’t know where to start. The biggest flaw is your trades only execute during a 15 minute window at the very end of the day. We all know most of the action happens during the morning. Not being able to trade during optimal time period to buy lows or sell highs is killing this app.

kendall_1232

9 days ago

Response from developer

Hey there! We're really sorry to hear you've had a bad experience with the app. Would you mind reaching out to our team and sharing more details about your experience? We'd be glad to assist further. You can email us at help@composer.trade

Misleading historical charts

This a fraud. The charts are meant to show what your money would turn into if you invested 10k in the past. But in reality the buy and sell orders never get filled at lower prices than the chart suggests and you will consistently under perform or even lose more and more money compared to what the line chart suggests.

Please save yourself.

Sick and Exploited

a month ago

Response from developer

Hi there! We’re sorry to hear about your experience. The chart displays hypothetical historical performance and is intended for informational purposes only. It does not represent actual investment results or guarantee that trades would have been executed at the prices shown. If you have any further questions we encourage you to please contact our support team so we can review your specific account and trades. Best!

Interesting Concept the App is poorly developed.

I like the concept. This review is more about the app than the idea. The login takes forever and often times out. There doesn’t seem to be any documentation or knowledge base. They reference sharpe ratio or calmer ratio but don’t seem to show definitions or formulas. The Home Screen is lacking, you get a chart of your investment and that’s it. Look at other brokerage apps and get a little inspiration.

kendall_1232

2 months ago

Response from developer

Avoid - skips trades routinely

Traded less than 10 times over the course of a month after transferring $30k into it. 2 times composer did not execute the change in the next change window (which is already a lag since it only happens at the end of the day). It cost me $100s. The lack of control you have over trade timing is genuinely concerning. Support is terrible and took days to reply after confirming they skipped trades. I immediately liquidated my funds and transferred out. I recommend you stay away. Too many other options out there to deal with this trash.

ging0023

3 months ago

Casual investor

I don’t gamble often but when I do it’s poker not day trading. (More fun). Composer offers a place for me where I (the casual long investor) can do copycat or easily utilize AI with my own parameters, instead of institutional research departments and the fees associated with managed accounts. I m trying it for a bit to see how it goes. Lots of etf going on by AI here.

Casual investor 58

4 months ago

Overall very nice app

Easy to signup and onboard. Pretty simple to use and already up money 👍. Very trustworthy now that they are affiliated with SoFi

bigballerbrandd

4 months ago

Deceptive practices

I thought it was 40$ to try but the app charged me like 250 for a year membership even after I cancelled. There is no assistance either so I could not get my money back, everything is ai. Zero real human customer service. Even responding to their response just takes me to generic faq. Doesn’t seem to perform any better than traditional avenues, stay away from this scam . I can’t imagine how much I’d lost . I only put 500 in and I’m down to 319. Figured I’d keep my money in and see if it grows since they would refund me. lol just keeps shrinking. This apps a joke and no support/ docs or community behind it

Finmatic

4 months ago

Response from developer

Hi Finmatic - Thank you for taking the time to leave a review. We offer a 14-day free trial, and you may choose to subscribe to the Trading pass on a monthly or annual basis. You can cancel at any time. Please contact our team at help@composer.trade, and we would be happy to investigate this further!

Shady

Like some of the other feedback, they bait you by depositing $50 THEN tell you to pay $32 a month to use their service and your money is trapped in limbo for 6 business days before you can think about withdrawing it. Then when you go to pull it out, it’s not functional and you have to contact support.

TheDstraw

4 months ago

Deceptive practices

I thought it was 40$ to try but the app charged me like 250 for a year membership even after I cancelled. Doesn’t seem to perform any better than traditional avenues

Finmatic

5 months ago

Ridiculous

Complete waste of time and money

danunor

5 months ago

Shady

When there are subscriptions required in order to use an app, the app should NOT make you deposit before mentioning the cost. I deposited $50 to try this out and didn’t find out there was a $32/mo subscription required until after the deposit. That is a shady practice and it should be (likely is) not legal.

Now I have to wait for six business days to withdraw my deposit. I know $50 is not much but just imagine how many people are falling into this trap and giving this company free money on their books for a week at a time for absolutely nothing.

Steer clear of apps like this in my opinion.

Smuggless

6 months ago

Fraud

Fraudulent service, doesn’t respond to service question wont allow me to with draw or close account… Do not use!

Boomdaladeda

6 months ago

Don’t get your hopes up!

There was no advantage using this app over the other regular investment apps. They do charge $30-40 a month and have a long listed fee sheet. Once you decide Composer isn’t worth it and you want to close your account, they make it extremely difficult. I eventually contacted my bank to close the auto-draft option because I was getting the runaround with the app.

happyfrush

7 months ago

Response from developer

Hello happyfrush - We appreciate you taking the time to leave a review about your experience. We offer commission-free trading, and the only fee related to automated trading is our Trading Pass. You can cancel at any time and withdraw your funds. Please contact our team directly at help@composer.trade, and we can assist further!

Best thing to ever happen to me

This platform is a game changer.

Bmdbil

7 months ago

Long time to get my money back

Not happy with their policy of withdrawing my own money. It will take 10 business days to get my money back.

Stevenchenmm

8 months ago

Scam

Conner447

9 months ago

Great crowd sourcing of ideas

Excellent

sfzaidi

9 months ago

Keep your money

If this is AI, we are all in trouble

Investor410.32

9 months ago

Can’t see my investments?!?

This app just stopped working about 15 mins ago, right before market close on Jan 9th. Unbelievable! Apps like these need to be DEPENDABLE, at the least!

Composer Trader TX

9 months ago

Can’t setup 2-factor verification

Support is unavailable. There’s no one to respond. I’ve pinged using the app atleast 3-4 times. They don’t have phone support. How is one to reach the company? (Presuming there is one)

Shah10v