What Happened to Shari-Shari Trading Platform?
Kung isa ka sa mga Pinoy na na-excite sa launch ng Shari-Shari as a way to invest in U.S. stocks with low capital, hindi ka nag-iisa. The platform had a lot of promise—fractional shares, a mobile-friendly app, and a focus on Filipino investors.
But in 2024, bigla na lang itong nawala. Users couldn’t access their accounts, support was unresponsive, and the app seemed dead.
So, anong nangyari?
Shari-Shari’s Official Closure
On September 13, 2024, Shari-Shari announced it would cease operations after its partnership with Alpaca Securities ended. This wasn’t a glitch — this was a full shutdown.
Here’s part of their statement:
“Due to the termination of our cooperation agreement with Alpaca Securities LLC, we regret to inform you that Shari-Shari will discontinue its services starting September 13, 2024.”
They gave users three options:
- Liquidate your shares and withdraw your cash through the app
- Open an Alpaca account to transfer your portfolio
- Use ACAT (Automated Customer Account Transfer) to move your investments elsewhere
Madali pakinggan, pero hindi lahat ay naging successful.
After the Shutdown Announcement
After the post, maraming user complaints ang lumabas:
- App login errors
- No customer service replies
- Problems withdrawing funds
- Official social media silence
The Shari-Shari website was still up for a while, pero halos wala na ring silbi dahil you couldn’t do anything on it. Most users now see it as inactive and some suspect it may have been a soft rug pull — although there’s no official statement calling it a scam.
Can You Still Get Your Money?
If you acted early — right after the shutdown notice — you probably still had time to:
- Sell your holdings and withdraw cash
- Transfer your account to Alpaca Securities
Pero kung hindi ka agad nakagalaw, there’s a big chance your access is now completely cut off.
No emails, no app access, no phone lines. If you still want to try, you can contact Alpaca directly (though responses may vary).
Final Thoughts
This is a tough lesson for Pinoy investors who were looking for affordable ways to invest in U.S. markets. Kahit mukhang legit ang app at may foreign partners, always do your due diligence.
As of today, Shari-Shari is:
- Non-functional
- Unsupported
- Inactive for trading or withdrawals
If you still have assets there, it’s best to act fast — reach out to Alpaca, review any emails from the app, and gather screenshots or proof of investment if needed.