Coinlufi (coinlufi.com) has been flagged by ASIC (Australia) for "Unlicensed". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.coinlufi.com.
The platform itself is okay, but the customer service at Coinlufi (coinlufi.com) is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Great customer service|Easy to use platform|Comprehensive tools|Smooth onboarding
Cons: Limited ETF selection
I referred a friend to Coinlufi (coinlufi.com) through a financial advisor. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Segregated accounts|Regular updates|Demo account available
Cons: Some tools only available on higher tiers|Currency conversion fee exists
Do not use Coinlufi (coinlufi.com) for anything serious. I used them for about five months for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Good mobile app|Smooth onboarding|Educational resources
Cons: Withdrawal takes 1-2 business days
Opened my account with Coinlufi (coinlufi.com) after doing extensive research and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Automated trading options|Educational resources|Personal attention
Cons: Live chat only during business hours|Limited demo account features
Do not believe the bonus offer from Coinlufi (coinlufi.com). The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited from a blog post comparing services and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Transparent fees|Real-time alerts|Dividend tracking|Easy withdrawals
Cons: No live chat on mobile
I wanted to transfer my portfolio from another broker to Coinlufi (coinlufi.com). They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Reliable uptime|Full transparency
Cons: Could offer more webinars|Help articles are sometimes vague
Where do I even begin with Coinlufi (coinlufi.com)? for the past six months of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Clear documentation|Dividend tracking|Segregated accounts|Quick verification
Cons: Limited demo account features
The mobile app from Coinlufi (coinlufi.com) is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Competitive fees|Copy trading available|Easy withdrawals|Fast support response
Cons: Some tools only available on higher tiers
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Coinlufi (coinlufi.com) said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Clean UI|Dedicated account manager
Cons: No live chat on mobile
The hidden fees at Coinlufi (coinlufi.com) are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Automated trading options|Quick verification
Cons: Wish they had more educational resources|Live chat only during business hours