Crowdfunding project pushed to help COL for the system upgrade

A concerned stock market trader launched a campaign to raise funds to help online stock broker COL Financial Group for the system upgrade. 

Crowdfunding project entitled 'Crowdfunding to help COL Financial for the system upgrade' was launched in Airfunding.net. 

Airfunding was launched in November of 2018 by Kiheitai Inc. Although the company is located in Japan and Malaysia, the platform is being used in more than 200 countries, especially in Latin America, Southeast Asia and East Europe. 

Crowdfunding project can be viewed here. 

Background

Hundreds of clients of COL Financial are trooping to COL’s Facebook page to rant and complain about access and account issues currently plaguing the stock trading website.

For the past few weeks, clients have suffered from login issues, unavailability of website, and slow loading — sometimes to the point that clients were unable to trade leading to losses.

Hundreds of clients of COL Financial Group, the country’s leading online trading platform are trooping to COL’s Facebook page to rant and complain about access and account issues currently plaguing the stock trading website.

For the past few days, clients have suffered from login issues, unavailability of website, and slow loading — sometimes to the point that clients were unable to trade leading to losses. 

COL apologized on Tuesday, October 6, 2020 for the system lag amid large volume of trades coming from active stocks; DITO CME, NOW and ABS.

Extremely high transactions challenged the systems of COL and experienced slowdown in their platform's system performance. 

Meanwhile, online petition has been launched in Change.org asking stock broker COL Financial Group be held accountable and compensate the stock market traders for its losses due to inaccessible website. 

READ: Petition launched calling COL to be held liable for trading losses 

Source: Peso Economics