Seems the crew at getinkspired finally got their editor working as it should. It'll take most of the formatting you had in your original document. Gone are the days of manually reinserting all italics for inner monologue.
It's a cosy little place without an attached comunity. You pretty much just publish your story there and hope it gets read.
Seems they have an iPhone app for those of you who dislike wattpad but would want to read from your phone anyway. No app for android though.