[No referrals] Chocolate Finance

C

CrashWire

Supremacy Member
Joined
Nov 28, 2000
Messages
5,758
Reaction score
723
articland05 said:
CF most safe nao
they gone thru baptism of fire and still alive...so can be sure they really follow MAS rules
Click to expand...
Just because they "followed" once doesn't mean they'll keep following for as long as they're still alive. Regular audits should be required.

Plus, their marketing culture is full of big numbers that never see the end of the "top up programme", and of course the "liquidity programme" that still hasn't been restored.

As long as I can't withdraw even $10k same day (to match Mari), Chocolate is dead to me.
 
M

Mickey01

Senior Member
Joined
Mar 5, 2017
Messages
1,441
Reaction score
593
just read email from CF :)

Ka-ching!
Your Chocolate account just earned extra returns.

Hi XXX,

Ready for some awesome news?

We're thrilled to inform you that your Chocolate account has performed exceptionally and earned an annual outperformance return
🙌
. Our investment team has outdone themselves, delivering results that have surpassed expectations.

The outperformance extra return has already been credited to your account - no action needed on your part. Just open the app and see the extra return in your balance.

We're always working hard to deliver the best possible returns for you. This year, we've exceeded our targets, and we're proud to share the rewards with you.

If you have any questions about this extra return, please don't hesitate to contact us. We're always here to help you.
 
C

CrashWire

Supremacy Member
Joined
Nov 28, 2000
Messages
5,758
Reaction score
723
articland05 said:
hmm what's the reason withdraw same day is impt?
Click to expand...
I just like the assurance of being able to receive some money same day. It can be a small amount like $1k, but they should keep to what they promise and give adequate notice if it's revised to our detriment.

Chocolate has failed to keep to what they promised when it comes to their "top up programme" and "liquidity programme".
 
DVader

DVader

Junior Member
Joined
Mar 30, 2021
Messages
19
Reaction score
5
Mickey01 said:
just read email from CF :)

Ka-ching!
Your Chocolate account just earned extra returns.

Hi XXX,

Ready for some awesome news?

We're thrilled to inform you that your Chocolate account has performed exceptionally and earned an annual outperformance return
🙌
. Our investment team has outdone themselves, delivering results that have surpassed expectations.

The outperformance extra return has already been credited to your account - no action needed on your part. Just open the app and see the extra return in your balance.

We're always working hard to deliver the best possible returns for you. This year, we've exceeded our targets, and we're proud to share the rewards with you.

If you have any questions about this extra return, please don't hesitate to contact us. We're always here to help you.
Click to expand...
Received no email nor extra return on my SGD account. Maybe only for USD account?
 
A

alex22

Arch-Supremacy Member
Joined
Apr 29, 2001
Messages
21,406
Reaction score
5,427
The extra return is what label? @Mickey01
Today n yesterday the return alot lower than expected wor
Mickey01 said:
just read email from CF :)

Ka-ching!
Your Chocolate account just earned extra returns.

Hi XXX,

Ready for some awesome news?

We're thrilled to inform you that your Chocolate account has performed exceptionally and earned an annual outperformance return
🙌
. Our investment team has outdone themselves, delivering results that have surpassed expectations.

The outperformance extra return has already been credited to your account - no action needed on your part. Just open the app and see the extra return in your balance.

We're always working hard to deliver the best possible returns for you. This year, we've exceeded our targets, and we're proud to share the rewards with you.

If you have any questions about this extra return, please don't hesitate to contact us. We're always here to help you.
Click to expand...
 
M

Mickey01

Senior Member
Joined
Mar 5, 2017
Messages
1,441
Reaction score
593
alex22 said:
The extra return is what label? @Mickey01
Today n yesterday the return alot lower than expected wor
Click to expand...
the email not much details. So got to open the app to see what happened.

So there is an additional credit of $0.46 on 2nd July 2025. The description is - "You earned an outperformance extra return of $0.46. Return period 2nd Jul 2024 - 2nd Jul 2025"
 
Potent

Potent

Member
Joined
Jul 22, 2019
Messages
451
Reaction score
111
Mickey01 said:
the email not much details. So got to open the app to see what happened.

So there is an additional credit of $0.46 on 2nd July 2025. The description is - "You earned an outperformance extra return of $0.46. Return period 2nd Jul 2024 - 2nd Jul 2025"
Click to expand...
It's a job well done. We outperformed and here's ur $0.46. The other $1.17 we use to buy us some coffee.
 
badsector

badsector

Supremacy Member
Joined
Mar 10, 2001
Messages
6,517
Reaction score
53
tested withdrew $500. prompted message says takes up to 3 working day.

8 jul 4:50pm - request withdraw
9 jul 1:48pm - $$$ in bank
 
F

FlyGuardX

Senior Member
Joined
May 20, 2020
Messages
1,346
Reaction score
358
Mickey01 said:
just read email from CF :)

Ka-ching!
Your Chocolate account just earned extra returns.

Hi XXX,

Ready for some awesome news?

We're thrilled to inform you that your Chocolate account has performed exceptionally and earned an annual outperformance return
🙌
. Our investment team has outdone themselves, delivering results that have surpassed expectations.

The outperformance extra return has already been credited to your account - no action needed on your part. Just open the app and see the extra return in your balance.

We're always working hard to deliver the best possible returns for you. This year, we've exceeded our targets, and we're proud to share the rewards with you.

If you have any questions about this extra return, please don't hesitate to contact us. We're always here to help you.
Click to expand...
i didn't receive this
 
Z

zhihong

Junior Member
Joined
Jan 11, 2005
Messages
49
Reaction score
11
You should all check your latest Monthly Statement e.g. June 2025 for the "Balancing item" amount at the end. This is how much Chocolate Finance has earned from your account (whatever the underlying funds are valued at less what Choc pays you). It's accumulative and increases every month.

For me, they have earned more than 1% of my average balance of around $20-22k that I held with them since July last year.

Compare that with the platform fees charged by Endowus, Syfe and FSM, which typically range 0.3 to 0.6%, and ask yourself if you are getting a good deal, versus DIY investing in the funds yourself.

The promised instant liquidity is gone, at the first signs of a bank run. Do you still think the "top up guarantee" will work when the underlying funds start losing money overall?

This has never happened yet since Cho started, but look at how their liquidity programme crumbled..
 
You must log in or register to reply here.
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ. Forum members and moderators are responsible for their own posts.

Please refer to our Community Guidelines and Standards, Terms of Service and Member T&Cs for more information.
Top