Bloom: Learn to Invest App Negative ReviewsContour Labs, Inc.

Bloom: Learn To Invest Negative Reviews

4.7
4.72796 star

Total 9 Negative Reviews

Bloom: Learn to Invest App Complaints & User Negative Comments 2024

Bloom: Learn to Invest app received 9 complaints, negative comments and reviews by users. Have you ever had a bad experience using Bloom: Learn to Invest? Can you share your negative thoughts about bloom: learn to invest?

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Bloom: Learn to Invest for Negative User Reviews

Ehh.. needs work.My husband signed my son up for an account and he got a free stock, we deposited a little money for him to try it out and start learning about stocks and learning how to invest correctly instead of just buying stocks because he likes that company… but the only problem we have, there is no way to withdrawal the funds. He was so excited he gained $15 on a stock he purchased for $7 and it grew to $15. So he decided to sell it and wanted to withdrawal it to put with his allowance he’s been saving to buy a new video game, but it doesn’t give the parents an option to withdrawal the child’s funds. On the child’s side of the app, it does have a withdrawal option but when you click it, it says only a parent can’t withdrawal funds but there is no option on the parents side to withdrawal any funds but only deposit. Hopefully this gets fixed soon or we will have to close the account down because if we’re not able to withdrawal the funds then, there is no point in using this app because we don’t have money to just give away..Version: 1.0.2

UpdateAt first I was so obsessed with this app! It’s a fun way to learn to invest ! The only issues I have is that there is not a lot of ways to earn oinks . Most of the ways you can earn oinks is limited to 24 hours . For example: with the flashcards I can earn 240 oinks per day but I’ve seen it glitch twice on me where I reach my limit of 240 then the next morning when I have a new limit of 240 it’ll say I only completed 204 … so obviously when I try to earn more points that new day it’ll limit me to 36 since it believes I didn’t hit the limit the day before . Also, idk if it’s just me but I finished the lessons really quick and am trying to earn the stock fractions by buying the common lot box but it keeps giving me oink multiplier even though I can no longer earn oinks because the oinks only multiply with questions answered right…. I wish it would just give me fractions that I CAN use and get something out of. If you’re going to try it out I recommend for you to not purchase the whole year since it’s a little too pricy for all the glitches..Version: 3.0.0

Charts are weird and hard to readThis app is very good for learning how to trade. It educates you on types of stock what trades to take etc. However the charts are really weird, at one point the charts said JP Morgan Bank & Co. was down 60%. This freaked me out. Then I went to TradingView and it showed that the stock was perfectly normal. There is multiple other examples of this like bitcoin being down 7%. Overall this app is good for learning the basics of stock trading, I’m not going to use any of their strategies because I trade off equilibrium. This app is however not a good source to go by for stock values and price action, it’s also not a good place to make trades I wouldn’t recommend anyone use this app as their broker because of how misleading the market on the app is..Version: 2.1.0

Badddd!!!When I was a teenager and downloaded this, $15 was taken from me without my knowledge or consent. The fact that there is no EASIER way to get the 15 dollars back irritates me to no end. I've been attempting to get it back for three days now. If not, then there ought to be at least a confirmation. It withdraws money directly from your bank account. Currently, I am unable to express my frustration, and assistance has not been of any assistance. Even if I ever got my $15 back, the effort and stress I had to go through to do so was intolerable, and the procedure was really frustrating. I'm hoping that using this software would make it simpler for teenagers to receive their money back. I will report this stupid application to higher authorities..Version: 2.0.3

Absolutely not!I downloaded this as a teen and 15$ got taken without any confirmation or notice. I’m extremely frustrated that there is no EASIER way to refund the 15$. It has been 3 days and i have STILL been trying to get it back. There should at-least be a confirmation but no. It takes it straight from your bank account. I cannot explain my frustration right now and support has not helped me in any way. Even if I ever do get my 15$ back, the work and stress I had to go through to get it back is unbearable and an awfully annoying process. I hope this app can make it easier for teens to get their money back. I will be reaching higher authorities and reporting this dumb app☠️.Version: v1.3.2

Can’t delete my profile/save your moneyWanted to see what the TikTok fuss was. Looks like they do specify that they bill you annually for the “monthly price” they list. It’s deceptive because it should just state the annual price. They give you three stocks. I got Microsoft Tesla and Apple. To me that’s three shares but of course they give you minuscule amounts of three shares. You can get the exact opposite, better, by just opening an account at a brokerage. Bloom charges you 120/yr whereas if you open an account at fidelity, they give you 100$. Also, fidelity has really good learning tools and their people don’t mind spending time with you until you understand a concept. (Margin vs cash, settlement, buy to open vs sell to open for options, good faith trades, day trading limits (25k$) etc etc.) Save your money and go check out the free learning available on any of the brokerage sites. Most important lesson for teens: pay as little in fees as you possibly can. It can add up to like a third of your portfolio. Anyway bloom, I’m sure you’ll give me a hey there, call support at bloom dot com but how about why that isn’t an option if you haven’t set up brokerage or linked a bank yet..Version: 3.0.0

It’s good but the priceI was very skeptical about it at first, because it was too good to be true. But I really do think it’s insane. People have to pay $120 just to start investing, and I missed that part where I was on a free trial, and that they would be charging me after. But thank God I always put my cash app card just in case they try to charge me. There’s literally no money in the card so they wouldn’t be able to take money out, even if they wanted to. But now I’m trying to find a way to cancel the subscription but they’re not even answering my emails so they’re just gonna have to keep running into a decline card from now on. Lol But I do strongly recommend reading everything before pressing OK or confirm because that’s how people take your money. Oh, and always sign up with your Apple email. That way it’s easier for you to cancel in your Apple settings than on the website because Bloom app is making it so difficult to cancel the subscription and I don’t even know why..Version: 2.1.0

Was cool until changesI've only had this app for a couple months, and I was having fun zooming through the lessons. I'm not really cool with the fact that they suddenly took away the ability to share lessons for more coins limited times per hour, with no explanation even when I asked the little robot guy in the app. That was part of my routine every hour while I'm doing other work on my phone. Of course that wasn't my ONLY incentive to do the lessons, but taking away one of the few ways for me to earn coins on an app that I pay $60 a year for is scummy. They added new things within the same update, but those are ways to spend coins, not earn them. I won't be renewing next year. I don't have time to farm coins the way you want me to if I'm really meant to get my money's worth..Version: 3.0.0

Paid Investing App? Joking right?If you’re new to investing, let me save you some money right off the bat by telling you there is absolutely no reason you should be paying a monthly fee just to invest. There are hundreds if not thousands of other platforms out there that are COMPLETELY free to use, no monthly fees or commission. Them teaching you isn’t even worth that $8 a month. There are other platforms out there that will teach you, again.. free of charge. Additionally, there’s so many free articles out there as well as Investopedia. I downloaded this app just because I saw you can get “up to $75 in stock” from learning.. I figured why not when I’m bored, but the app only gave me a measly $2.50.. then expected me to pay $8 to claim it? Then telling me that I should pay because I still have the chance to win $75? Gotta be a joke. I didn’t expect to get $75, I’m sure only 0.2% of users get that.. but $2.50!? Honestly so confused how this app has so many five star ratings..Version: 3.0.0


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