Unannounced changes and lengthy sell requests
The draw to using this over other day trading apps was the alleged algorithm, and the free ticket draws. They got rid of the drawings, and my investments on this app were considerably worse than other similar apps based on buying too late and selling too late. I would say maybe this is geared for a multi-year investment. I left mine untouched for about 13 months and lost 57% of my investment. The market average was up 7%. When I tried to manually sell and take control, it took 2 weeks to make the trade, at which point it was nearly worthless. They also invested heavily into a few companies that went bankrupt. I would steer clear of this.
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Its ok. Gains🫤 Losses🫤
They say regular installments is the way to increase your portfolio, well duh. I want it to increase due to the market, which it hasnt really done. Ive had money in their since March 22’. Here it is July 23’ and its down. That all its done is go up then down up then down. The invesmente are being sold higher and bought lower to make a difference… I mean at least savings account I’d have 4% or so that would not be disappearing…. Also the backtesting of their algo can be deceiving, you need to go off of where it is when you start. I understand long term investments but even then you would expect some consistent gain in the minimalistic amount.
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They listen, the app works
Every so often the app asks me for a survey which I always fill out, and every so often the app updates and it’s feels like the devs try their best to accommodate, over the period of time I’ve been using the app the devs have be making the app much more user friendly than it started.
The program itself uses your money to make money and depending on the level you choose decides the risk factor. Although personally I find all the option to be far to passive, I’m not afraid to lose I’ve given the program money to work with and more often then not I get minimal movement up or down, now this isn’t a jab at the app as it aims to outperform another competitor which it generally does quite well, I just like a little more risk.
The program itself uses your money to make money and depending on the level you choose decides the risk factor. Although personally I find all the option to be far to passive, I’m not afraid to lose I’ve given the program money to work with and more often then not I get minimal movement up or down, now this isn’t a jab at the app as it aims to outperform another competitor which it generally does quite well, I just like a little more risk.
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Still haven’t heard back
The app has a cool idea behind it so I decided to try it. I applied to open an account and it told me that I will be informed in a few days if my request was approved. It’s been over a month and I still haven’t heard anything. An financial app that asks for sensitive information shouldn’t allowed to offer such bad services. I regret putting any information down with them.
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Cool concept but lost money
I put $100 in the account about 6 months ago. I added all my personal data and all available digital data as directed and chose the flagship plan. The Ai simply does not appear to do what we all expect it to do, make us money. I have only consistently trended down in the last 6 months! I currently sit at $90. I know the flagship plan has the most risk and this is to be a long term investment… but I also don’t expect to be down 10% 6 months into it. And it’s not like it’s been way up and way down… it has been only trending down. Am I doing something wrong here? I would have been better off just keeping it in a low interest savings account.
Update: almost a year into it and I am now down to $40 (60% loss). Extremely underperforming when compared to Dow Jones (down 6% past yr) and S&P500 (down 16% last year).
Update: almost a year into it and I am now down to $40 (60% loss). Extremely underperforming when compared to Dow Jones (down 6% past yr) and S&P500 (down 16% last year).
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Response from developer
Futuresplash26, thanks for taking the time to write the review! You would indeed have been better off keeping it in a low interest savings account, but unfortunately it's impossible to predict the market. If you had invested in consumer stocks during the same period you were down 10% you would have lost a *lot* more money. Hopefully the market turns around soon!
SLOW
Don’t have a ton to say about the performance of the algorithms as the market is in the toilet so it wouldn’t be fair…. But one thing I will say is that the mobile app is SLOW to the point of being nearly unusable.
Good algo investment app
I been using this app / services for over a month, I started slow but now I’m considering moving my 6 figure portfolio over to Delphia.
The algo trading works, it’s easy to make money on a bull market but is actually making good returns on a bear market.
Having said that, the app itself could use a bit of work.
For starters when while the market is open investors like myself want to see the gain % or loss live. At the very least gain/loss % of the day. Right now the app only shows all time TOTAL gain… I get the marketing spin behind showing total return but day to day, week to week gains will literally decide how much more money I want to deposit and guide my strategy. I hope the Delphia team rolls out an update with this stats.
I’m not gonna be picky, I like it a lot just needs some UX/UI improvements beyond the basics that serious investors want to see.
The algo trading works, it’s easy to make money on a bull market but is actually making good returns on a bear market.
Having said that, the app itself could use a bit of work.
For starters when while the market is open investors like myself want to see the gain % or loss live. At the very least gain/loss % of the day. Right now the app only shows all time TOTAL gain… I get the marketing spin behind showing total return but day to day, week to week gains will literally decide how much more money I want to deposit and guide my strategy. I hope the Delphia team rolls out an update with this stats.
I’m not gonna be picky, I like it a lot just needs some UX/UI improvements beyond the basics that serious investors want to see.
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So Far No Complaints
I have been using this app now for a month and it has made me a decent return rate I haven’t tried withdrawing any money so I have no idea how long that would take but they do a sort of lottery system where you can win money and it will be added to your investment portfolio so no complaints.
They pretend like it is THEIR money
HORRIBLE APP. Down probably 8% on my portfolio. So I decided to withdraw my money. Switched banks during this time. Had to send them DETAILED bank statements from my closed bank account and new bank account. THEN a picture of a government document. All while this went to their "engineers" to verify it all. This has been going on for FOUR WEEKS. It doens't take this long to "verify" bank information with "engineers" IT IS MY MONEY IT BELONGS TO ME GIVE IT TO ME. Seems illegal and scammy. 0/5 stars. Makes me feel litigious.
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No customer support
Have deposit pending for two weeks. I can’t deposit more until it clears in app. Cleared my bank two weeks ago. I contacted customer support about the delay. Customer support answer was it takes 2 to three days for deposits to clear. Obvious auto generated response. I inquired again . Day later a “human “ Allen responded and said they would look into it. Three days later and still no response. Hugely disappointing.
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Pretty much worthless
I put in $100, just to test out the platform. AI doing 100s of trades/day and investing for you…thought it would do much better than I can do myself. It doesn’t. At first blush, the value shot up to $120, in a month…I was really impressed…then it dropped all the way back down to $100. If the AI isn’t ACTUALLY intelligent enough to make money on a volatile/down market, then it’s no better than parking your money in some mutual funds and waiting. I’m only giving it 2 stars, because at least, they didn’t lose all of the investment. I’m going to leave it there, to see what happens over time.
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Less than market average
I try these apps as I hear about them. Hoping for one that can return better than average returns over a quarter. This one isn’t cutting it. The first month did well with about a 10% return over an 8%average. Then plummets. Last month 12% loss over a market loss of 2%. What’s the excuse here? If this were a person, they’d be fired. I’ll leave the measly $50 in there for a year to see what happens but after my first quarter I’m disappointed to see my main portfolio out performing this AI by leaps and bounds.
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Bad App
I believe this app was better when it started off, but they do NOT have proper AI to actually make you money. Their excuse is “oh the market has been trending down lately”, but that should NOT make a difference because they are TRADING for you, downward and volatile markets should open up MORE opportunity for growth.
Not only that, but the app itself looks great, but the performance doesn’t meet the aesthetics. Extremely slow and glitchy. Now I’m also seeing many reviews of people that cannot get their money back, and also now realize that they use your personal details to make money more than anything.
To all investors: just invest slowly but surely in reliable companies through a trusted brokerage…..
Not only that, but the app itself looks great, but the performance doesn’t meet the aesthetics. Extremely slow and glitchy. Now I’m also seeing many reviews of people that cannot get their money back, and also now realize that they use your personal details to make money more than anything.
To all investors: just invest slowly but surely in reliable companies through a trusted brokerage…..
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Response from developer
Hi Mort0808 - we're sad to hear we didn't meet your expectations. Our approach is oriented towards the long-run, and we use our proprietary data-driven approach to aim to beat a benchmark over the course of time. All investments carry risk and can fluctuate, especially over a short-term period.
Interesting Concept, but Problematic
The app is interesting. The methodology is interesting. However, you will not have reasonable access to your money.
When I first enrolled, it took weeks for the initial deposit to process, long after it was deducted from my checking account. You will see similar reviews stating the same for withdrawals as well (if they have not been taken down). My initial deposit only process after sending a customer support request.
I recently requested a withdrawal over a week ago, and it is still shown as “selling assets”. Seven days is more than enough time to process a withdrawal request. Since the initial request, the market has plummeted over 10% and my account has declined 40% of the amount that I requested to withdraw. I was using this fund to save up for a nice MacBook Pro. But now that I have the amount that I need, Delphia will not give me my money back and instead is refusing to sell my assets as the market continues to plummet before.
I have used pretty much all the roboadvisor apps, and I must say that refusal to process a withdrawal for 7+ days is highly uncommon. Strangely, the app claims to only invest in highly liquid companies.
If you think that having a reasonable access to your own money is important, I would advise that you only deposit what you can stand to lose or not have access to. I am worried that I may never receive my money.
When I first enrolled, it took weeks for the initial deposit to process, long after it was deducted from my checking account. You will see similar reviews stating the same for withdrawals as well (if they have not been taken down). My initial deposit only process after sending a customer support request.
I recently requested a withdrawal over a week ago, and it is still shown as “selling assets”. Seven days is more than enough time to process a withdrawal request. Since the initial request, the market has plummeted over 10% and my account has declined 40% of the amount that I requested to withdraw. I was using this fund to save up for a nice MacBook Pro. But now that I have the amount that I need, Delphia will not give me my money back and instead is refusing to sell my assets as the market continues to plummet before.
I have used pretty much all the roboadvisor apps, and I must say that refusal to process a withdrawal for 7+ days is highly uncommon. Strangely, the app claims to only invest in highly liquid companies.
If you think that having a reasonable access to your own money is important, I would advise that you only deposit what you can stand to lose or not have access to. I am worried that I may never receive my money.
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Response from developer
Hi #gurlbye!, we're really sorry about your experience. Please do contact us at support@delphia.com. When you request a withdrawal, we create a plan to sell your stock holdings and convert your portfolio to cash. Typically this plan takes a couple business days to execute, but in some scenarios it can take longer due to unforeseen market fluctuations.
Why the bad reviews?
I try some money in about a year ago. And it’s pretty reflective of the market trends. Due to the overwhelming bad reviews I wanted to try it out for myself before putting a big amount of money in. I can’t speak for the lottery-like weekly drawing because I’ve only won a small amount of changes but it’s a nice addition to have. But as far as the investment part, it’s done a pretty good job dispute the crazy market swings. I’ve seen some reviews with problems about withdrawing. I’ve not tried it yet but I do see the option to do that so I don’t think that’s going to be a problem area. This is a great way to invest hands off. Majority of my money I invest through my own research and it does take a lot of time and monitoring the market and the news. Delphia has made it so much easier and not to mention that there’s no fees associated with using it. I do understand that some people have encounter problems but I have yet to. I’m looking forward to putting more money in, and I’m sure with the increase in fund, more flexibility, the performance will be better. Keep up the good work👍
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Scammer! Crooks!
I was skeptical about this app since they wanted access to so much personal data, even to photos, but I was curious about whether their algorithm would work so I decided to give it a try with a small amount of money. I chose the flagship option, which is all stocks because I’m 35 & I’m willing to take some risk in order to get more gains. It seemed to be earning some money, som losses, but overall it was making slow gains & then suddenly in one day I’m -94%, lost all but $2.11, and with no explanation whatsoever.
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I didn’t put any money in I shared my data and after weeks won a prize from the tickets you get.
I won only about a dollar, but that dollar has went up to $1.55 in only 6 months and with very little ups and downs, I have now deposited $100 and I will see where that is by the end of the year. But a 55 percent growth in my money (lol 1 dollar) leads me to believe that if I had put more in I would be having a lot more money right now.
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Better Apps out there… Ticket Promotion is a SCAM
This is a horrible AI investing app. Plenty of better options out there. The part that had me sold was the cool sweepstakes; you earn tickets that act as kind of a lotto ticket. Numbers on your ticket are randomly generated. BUT RIDDLE ME THIS BATMAN! Out of 9 tickets, with 7 numbers on each (I’m assuming 1-99), I have a TON of repeating numbers, even in the same ball slot? Out of the 63 number slots (obviously a few repeats may happen), I have about 20 different numbers total. 43 of my 63 numbers are repeats. Surprisingly, none of them are winning numbers (couldn’t repeat them in the WINNING category of course). I’m not mad about losing; I’m mad about the clear statistical bias and the not-so-randomly generated numbers they come up with. Learn from me and find a better way to invest.
Reply to Devs: you might want to get those number generators checked
Reply to Devs: you might want to get those number generators checked
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Response from developer
Briguyherewego, sorry for the bad experience! We use the random number generator in python to randomly pick your ticket numbers. The winning numbers are actually generated by a third party security company (so we have no access to them) and they deliver them to us *after* our random number generator has won. I hope this helps.
Going downhill
Have been using since it first came out in its first format (different than it is now). Was making small but consistent gains on their highest risk profile, which was their best performing. However, over the past 6 months I’ve been consistently losing money at a MUCH faster rate than I was making it previously, to the point that I now have less money than I’ve invested, even with winning a few of their small lottery numbers. Seems like either they changed their AI in a worse way, or it’s just not able to perform in the current market. Either way, at this point I can not recommend trying it now. There’s no signs that the drops are slowing.
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Response from developer
Hi! Thanks for taking the time to write a review. Our AI doesn’t time markets — it predicts individual companies. To that end, it is beating the benchmark it was designed to beat. It’s just that the benchmark has taken a hit along with the rest of the market.
Too much emphasis on the lottery
I got interested in their AI investing because I much prefer it over humans. I’ve invested 1400 with them by now and it’s doing decently. I feel like they’re trying to pull a fast one on me though. They represent returns in dollars not percents which is odd. Also by investing money I get tickets to win money every week. In some ways it’s fun but I’m considering Un investing because of it. I signed up for stocks not getting addicted to checking my phone when a number is drawn.
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