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Marketfy Stock Tips Review


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Founded in 2015, Marketfy is a curated marketplace that links investors to companies that offer financial education, news and analysis, as well as other tools that help them take their investing skills to the next level. All products featured on its website go through a rigorous verification program to ensure that only the best resources appear for purchase on the website. Located in Detroit, Michigan, Marketfy is a product owned by Beninga, Inc.

Services and Account Features

Marketfy is considerably different that other stock tip applications and sites we’ve reviewed. Most sites give members access to a range of financial news and research, though the depth of each site’s resources may vary. Some afford users the opportunity to integrate their portfolios into their applications and thereby offer a convenient one-stop shop for both researching and tracking their investments. Marketfy, by contrast, is an aggregator of financial research and trade alert services, akin to the websites you might come across when shopping for an auto insurance policy. They make money by advertising other financial service companies—which the call “mavens”—and their products. When you subscribe to one of Marketfy mavens’ services, presumably Marketfy earns a commission. 

Marketfy mavens come in a few different forms. There aren’t that many of them—perhaps 20 or so when we checked in. Some are research companies that publish news and analysis to provide investors with the intelligence they need to make good trading decisions. Others issue trade alerts—personal notifications sent when certain predetermined market conditions are met. Notifications are typically set up for economic announcements, and changes in a stock’s price or other financial indicator. That’s because, while timing isn’t everything in stock trading, it’s still a huge chunk. 

You can join Marketfy for free by providing your email address. According to marketfy, when you join, you will be assigned a concierge to shepherd you through your investing experience. But we think that may be a salesperson in concierge clothing, so you may want to be careful what your sign up for.

Fees

Marketfy mavens set their own prices. A quick survey of the maven subscriptions currently available through Marketfy revealed no mavens charging more than $100 per month and many around the $40 per month price point. Those fees are comparatively affordable in the financial research industry. Many Marketfy mavens specialize, though. You’ll find some who focus exclusively on options trading, zero sum investment strategies, or even cannabis stocks, for example. If you have various trading interests, you could rack up a hefty monthly bill by putting a bunch of mavens on your payroll. As far as we can tell, Marketfy does not offer discounts for bundling service purchases as some companies in the stock tips arena do.

Customer Experience

Visiting Markefty.com is a bit different from visiting other stock tip companies’ sites, where investors are inundated with financial research, news reporting, live tickers, and more the moment they land on a homepage. Visiting Marketfy is more like visiting a mall. You walk in and, there before you, are a series of doors you can open, depending on what you want to buy or browse. Marketfy does a pretty good job mapping the landscape of the mall and keeping its homepage neat and tidy. There’s simple signage to help you find what you’re looking for. Once you’ve entered a store—or in this case one of Marketfy’s mavens’ pitch pages—the information you’re provided is fairly standardized to make shopping easier.

Overall, however, we found the Marketfy experience a little lackluster. With so many stock tips sites offering dozens of new articles each day, in-depth analysis, up-to-the-minute quotes, opportunities for investors to share their own insights and learn from each other, and so much more for free, as an educational resource, Marketfy doesn’t fare well in a comparison to similar outlets.

Reputation and Accreditation

Marketfy is not reviewed on Trust Pilot or by the BBB. That’s the case with many stock tips companies and should not be cause for undue concern. But since Marketfy is an aggregator and doesn’t actually offer its own research and analysis, it’s important to vet the mavens whose services you decide to employ. Marketfy prides itself on the way it vets its own mavens and more importantly, verifies all trade alerts in real-time through proprietary verification technology. That’s an important feature because some unscrupulous contributors have been known to report falsely in order to manipulate the market.


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