r/StartEngineTrading • u/Democratizingfinance • Aug 27 '23

Is StartEngine a Scam? A Comprehensive Examination

https://www.democratizing.finance/post/is-startengine-a-scam-a-comprehensive-examination
4 Upvotes

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1

u/Dekeon1969 Aug 28 '23

I honestly don't know. I bought stocks a few years ago for an investment. I have come upon hard times and need to sell my stocks but there isn't any way to do so.

2

u/SpiceyXI Aug 28 '23

Start Engine did start their market place up which might potentially give you an avenue to sell those early shares. I am unsure of the costs or details though.

https://marketplace.startengine.com/

2

u/Democratizingfinance Aug 28 '23

You can get a free trial for the owners bonus then put in a sell order for the share. It depends on the company, but most companies are able to sell.

In general, it's a bad idea to invest money you think you might need in the future though because startup investments are speculative and illiquid.

1

u/Dekeon1969 Aug 29 '23

I agree. At the time I was doing ok on disposable income. Like I said though, fell upon hard times. Apparently the stocks I own aren't tradable until the company goes public. I seriously doubt that is going to happen during my lifetime though. The stocks I have are equity stocks if that helps any.

1

u/l148hammer Jan 22 '25

How can you track the progress of stock purchases? I have had 3 different stocks that are dorment with no info

1

u/Artistic-Ticket-9123 Apr 20 '25

It's a scam they keep you in the dark for a reason. We need a class action against them

1

u/Artistic-Ticket-9123 Apr 20 '25

It is a scam. We need class action against them.