EthexReviews 

575
TrustScore 4.5 out of 5

4.6

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Rated 5 out of 5 stars

Great company, highly recommend what they are doing and how they help people who can't afford to borrow through usual means

Rated 5 out of 5 stars

Easy to use with a clear layout. Supporting selected ethical groups and investments. ` And one of only a few genuine platforms for green investments I've been using the Ethex for a number of years a... See more

Company replied

Rated 5 out of 5 stars

Enjoyed reading the clear information and guidance about what i was investing in. Clear instructions about how to buy and the emphasis that I could lose all my money. Simple to take action.

Company replied

Rated 3 out of 5 stars

Really difficult to transfer an existing ISA to you which isn't a set amount - ie you can specify 'full amount' on a normal ISA transfer, but you want a definite figure,which you don't get until the... See more

Company replied

Company details

  1. Investment Service

Information provided by various external sources

Ethex makes it easy for everyday people to invest positively in organisations that are working hard to protect people and the planet. Join our community of 15,000 people and find out how you can use your money as a force for good, whilst targeting returns of 5%. Capital at risk.


Contact info

4.6

Excellent

TrustScore 4.5 out of 5

575 reviews

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Asks customers to review

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Replied to 75% of negative reviews

Typically replies within 2 weeks

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4.6

All reviews

(575)

63 reviews in the last 12 months

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Companies on Trustpilot aren't allowed to offer incentives or pay to hide reviews. Reviews are the opinions of individual users and not of Trustpilot. Read more

Rated 2 out of 5 stars

Good concept, but flawed

I bought into this idea because it's a great concept and I wanted to invest money into things that would make a really positive difference.

Unfortunately, my experience has been that it is a very quick way to lose the money you invest.

The first investment was in Signalise, which to date hasn't made any interest payments (and for what it's worth, I understand and agree with the reasons why). However, it seems there was nothing tying Signalise into remaining on the Ethex platform for the duration of the investment. It is now no longer part of the Ethex platform, which makes tracking the investment more difficult.

My second investment was an IFISA investment into Vocaleyes Democracy CIC. On this one, I have to question the level of due diligence made in relation to the claims made in this investment offer, with the company ceasing trading in Sept last year. Though matters haven't been helped by the Directors of said company acting more like fly-by-night crooks than responsible Directors, providing a misleading update in March last year and then nothing until informing us of the company's demise as late as April 2024. I still have no idea of what happened to all the Ethex bond money invested.

My fingers have been burnt enough and if I want to give my money to good causes for no return, I'd rather do it via charity donations.

Edit: I have just received a response from one of the Directors (personal and not formally on behalf of the company), albeit one that confirms that answers to my questions will be given to bondholders via Ethex. On this basis, I will withdraw the above "fly-by-night crooks" comment, though I am still far from impressed by their lack of transparency and communication.

May 2, 2024
Unprompted review
Ethex logo

Reply from Ethex

Thank you for your review. We appreciate all feedback from investors. We want to respond to your comments and concerns about the Signalise and Vocaleyes raises on our platform.

These two examples are different situations.

While it is inevitable that some of the small businesses that list will not survive, we understand the pain when a loss occurs. We also feel strongly that, regardless of financial performance, issuers have a duty to keep investors informed about how their money has been spent and the impact achieved. We are engaging with the Directors of VocalEyes Democracy CIC to ensure this happens.

While Signalise has faced challenges, the organisation is still trading, has grown rapidly and is delivering a much-needed and valued sign language interpreting service. Members voted at the recent AGM to make a first modest interest payment.

We accept that it is easier for investors to keep track of their investments if issuers take up our Registry service, whereby we manage the investor register, payments and ongoing communication with investors. Although we explain this alongside other advantages of the service, we have, so far, stopped short of making it a condition of listing on the platform (except in the case of IFISA bonds).

The large majority of organisations that have been listed on the Ethex platform are delivering financial returns and impact, tackling climate change, building fairer societies and creating stronger communities. To date, out of 159 individual offers on the Ethex platform, 155 are still trading, that’s 97.5% of our total offers since 2013. While this demonstrates a low failure rate, we do take every default extremely seriously, and we’re continually working to improve our due diligence process to reduce the risk for investors.

Thank you again for your review, if you have any further questions, please feel free to get in touch via email help@ethex.org.uk

Rated 5 out of 5 stars

Ethex very much simplifies the…

Ethex very much simplifies the management of investments in the companies under its umbrella

April 15, 2024
Ethex logo

Reply from Ethex

Hello
We just wanted to say a quick thank you for leaving a 5-star review of Ethex on Trustpilot. We appreciate you taking the time to do this and are delighted you are happy with the service we provide!

Yours,
The Ethex team

Rated 1 out of 5 stars

The risks of investing

This is an update on previous reviews I have left on Ethex.

Some two and a half years after I started investing in companies on this site three out of four of the companies I invested in seem to have settled down and are making the promised payments with no further hitches to date.

However, one - Vocaleyes CIC Democracy - simply dropped off the radar about 6 months ago, with no notice or way of getting in contact. Ethex said they had tried to get in touch with them but I didn't hold out much hope and I knew there would be no redress.

This was confirmed today when I received a notice from the company to say that they had become insolvent and were applying to be struck off the companies register. I have the option to petition for them to be wound up and any assets sold so that I can at least partially recoup my investment but apparently this will cost more than the investment, with little chance of success.

I knew in making these investments that they carried a risk of failure, and the warning banner above the home page on the Ethex website now makes this clear in very stark terms, but I had not expected firms in this sector to simply disappear into the night like a cowboy company, leaving me out of pocket and without even the satisfaction that they have achieved some good.

It confirms the risks of investing in companies, especially start-up companies, in this sector.

April 22, 2024
Unprompted review
Ethex logo

Reply from Ethex

Thank you for posting your updated review here, we appreciate all feedback from investors. Firstly, we would like to assure you that Ethex takes any event of default on the platform very seriously because of the effects on our community of investors.

You are right to point out in your review that all investments carry risk, and this is something we strive to make clear to potential investors at every step of the process. While we are continually working to ensure our due diligence process is as thorough as it can be, a small minority of the organisations listed on the Ethex platform have not survived.

Like you, we feel strongly that companies have a duty to keep investors informed about how their money has been spent and the impact achieved. Along with all bondholders, you should have received a copy of a letter to that effect issued by Ethex to the Directors of Vocaleyes Democracy CIC. We will keep investors informed of any further developments.

Thank you for being an Ethex investor and supporting organisations making a positive social and environmental impact. If you have any further questions regarding this matter, please don't hesitate to contact us directly via email at help@ethex.org.uk.

Yours,

The Ethex Team

Rated 5 out of 5 stars

Good information and communication via…

Good information and communication via the platform.

April 3, 2024
Ethex logo

Reply from Ethex

Hello
We just wanted to say a quick thank you for leaving a 5-star review of Ethex on Trustpilot. We appreciate you taking the time to do this and are delighted you are happy with the service we provide!

Yours,
The Ethex team

Rated 5 out of 5 stars

Amazing platform

Amazing platform - great concept, easy to use, excellent communication / responsiveness

April 1, 2024
Ethex logo

Reply from Ethex

Hello
We just wanted to say a quick thank you for leaving a 5-star review of Ethex on Trustpilot. We appreciate you taking the time to do this and are delighted you are happy with the service we provide!

Yours,
The Ethex team

Rated 5 out of 5 stars

Easy to access and pay

Easy to access and pay. Emailed updates on purchase and payment.

April 3, 2024
Ethex logo

Reply from Ethex

Hello
We just wanted to say a quick thank you for leaving a 5-star review of Ethex on Trustpilot. We appreciate you taking the time to do this and are delighted you are happy with the service we provide!
Yours,
The Ethex team

Rated 5 out of 5 stars

Reasonably straightforward process (few…

Reasonably straightforward process (few hurdles because of being a corporate but then we live in a heavily regulated world!)

March 28, 2024
Ethex logo

Reply from Ethex

Hello
We just wanted to say a quick thank you for leaving a 5-star review of Ethex on Trustpilot. We appreciate you taking the time to do this and are delighted you are happy with the service we provide! If you have any comments or suggestions to improve our service, please get in touch at help@ethex.org.uk
Yours,
The Ethex team

Rated 5 out of 5 stars

All very good and clear from your side

All very good and clear from your side. As always our bank was very cautious about moving the money, but that makes sense too

March 25, 2024
Ethex logo

Reply from Ethex

Hello
We just wanted to say a quick thank you for leaving a 5-star review of Ethex on Trustpilot. We appreciate you taking the time to do this and are delighted you are happy with the service we provide!
Yours,
The Ethex team

Rated 5 out of 5 stars

Clearly laid out and easy to follow

Delighted to support a good community cause with the possibility of a good return on my investment - safe in the knowledge that the proposal had been vetted by a genuinely ethical investment platform like Ethex. The transaction went through smoothly, each stage clearly laid out and easy to follow. Will definitely go through Ethex again

March 11, 2024
Ethex logo

Reply from Ethex

Hello
We just wanted to say a quick thank you for leaving a 5-star review of Ethex on Trustpilot. We appreciate you taking the time to do this and are delighted you are happy with the service we provide!
Yours,
The Ethex team

Rated 5 out of 5 stars

I've always been happy with Ethex

I've always been happy with Ethex. You don't have to sign in to see what investments are available, which saves digging out your login details, something that is not always convenient to do. I have an IFISA and so far my investments have gone well, fingers crossed it continues with this latest one.

March 2, 2024
Ethex logo

Reply from Ethex

Hello
We just wanted to say a quick thank you for leaving a 5-star review of Ethex on Trustpilot. We appreciate you taking the time to do this and are delighted you are happy with the service we provide!
Yours,
The Ethex team

Rated 5 out of 5 stars

Informative but not "pushy" when it…

Informative but not "pushy" when it comes to investments. Easy to use too.

March 10, 2024
Ethex logo

Reply from Ethex

Hello
We just wanted to say a quick thank you for leaving a 5-star review of Ethex on Trustpilot. We appreciate you taking the time to do this and are delighted you are happy with the service we provide!

Yours,
The Ethex team

Rated 5 out of 5 stars

All very straightforward way to support…

All very straightforward way to support ethical ventures

March 8, 2024
Ethex logo

Reply from Ethex

Hello
We just wanted to say a quick thank you for leaving a 5-star review of Ethex on Trustpilot. We appreciate you taking the time to do this and are delighted you are happy with the service we provide!

Yours,
The Ethex team

Rated 5 out of 5 stars

Great service

Ethex responded quickly to a recent query and were really helpful

March 7, 2024
Ethex logo

Reply from Ethex

Hello
We just wanted to say a quick thank you for leaving a 5-star review of Ethex on Trustpilot. We appreciate you taking the time to do this and are delighted you are happy with the service we provide!

Yours,
The Ethex team

Rated 5 out of 5 stars

Easy and efficient

Using Ethex is easy and customer support is good.

March 5, 2024
Ethex logo

Reply from Ethex

Hello
We just wanted to say a quick thank you for leaving a 5-star review of Ethex on Trustpilot. We appreciate you taking the time to do this and are delighted you are happy with the service we provide!

Yours,
The Ethex team

Rated 5 out of 5 stars

Easy to use site.

February 27, 2024
Ethex logo

Reply from Ethex

Hello
We just wanted to say a quick thank you for leaving a 5-star review of Ethex on Trustpilot. We appreciate you taking the time to do this and are delighted you are happy with the service we provide!

Yours,
The Ethex team

Rated 5 out of 5 stars

Simple to use

February 26, 2024
Ethex logo

Reply from Ethex

Hello
We just wanted to say a quick thank you for leaving a 5-star review of Ethex on Trustpilot. We appreciate you taking the time to do this and are delighted you are happy with the service we provide!

Yours,
The Ethex team

Rated 4 out of 5 stars

Clear explanation of risks involved

Easy to navigate and a delay built in for you to reflect on risking your capital when ethically investing.

February 26, 2024
Ethex logo

Reply from Ethex

Hello
We just wanted to say a quick thank you for leaving a 4-star review of Ethex on Trustpilot. We appreciate you taking the time to do this and are delighted you are happy with the service we provide! If you have any comments or suggestions to improve our service, please get in touch at help@ethex.org.uk
Yours
The Ethex Team

Rated 5 out of 5 stars

Access to ethical investments

Access to ethical investment opportunities for investors and providing an efficient process for both investors and fund raisers

February 21, 2024
Ethex logo

Reply from Ethex

Hello
We just wanted to say a quick thank you for leaving a 5-star review of Ethex on Trustpilot. We appreciate you taking the time to do this and are delighted you are happy with the service we provide!

Yours,
The Ethex team

Rated 5 out of 5 stars

Personal contact and help

February 14, 2024
Ethex logo

Reply from Ethex

Hello
We just wanted to say a quick thank you for leaving a 5-star review of Ethex on Trustpilot. We appreciate you taking the time to do this and are delighted you are happy with the service we provide!

Yours,
The Ethex team

Rated 5 out of 5 stars
Ethex logo

Reply from Ethex

Hello
We just wanted to say a quick thank you for leaving a 5-star review of Ethex on Trustpilot. We appreciate you taking the time to do this and are delighted you are happy with the service we provide!

Yours,
The Ethex team

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