I had a really bad experience using this app. I’ve tried out a lot of different FinTech apps, including multiple alternative asset apps, and I would say there’s three reasons this is one of the worst I’ve used.
1. There’s isn’t enough volume on Dibbs that make trading on here make sense. Asset values are totally random. It doesn’t matter if the card is below retail price, or if it should go up in value based on the real market. Prices only move based on a very minimal trading volume. You’ll notice almost every asset depreciates daily, besides a select few, if the asset moves in price at all.
2. There’s a fee for everything on Dibbs, and it takes a major toll on returns, especially when asset prices hardly move. There’s a fee for bank transfers, buying assets, and selling assets. I had a small portfolio just to try Dibbs , and the fees on here alone brought my portfolio down 20%.
3. Finally, the user experience isn’t great. Yes, Dibbs looks nice, but it is still very clunky. Logging in is annoying. Buying and selling assets is clunky and doesn’t make sense in certain aspects. Overall, not a great user experience.
Unless you're just signing up to get the card bonuses, I would not recommend trying out Dibbs. Even the card bonus won’t amount to much after trade fees and the fee associated with taking your initial deposit out. I would recommend Rally if you’re looking for a collectible trading platform. Do better this app.