EconoLabInvest has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
If you are reading this considering EconoLabInvest - run. I wish I had read more negative reviews after attending a webinar they hosted. I thought the positive ones were real. Maybe some are. My experience over for close to eighteen months has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Responsive team|Regular platform improvements
Cons: Inactivity fee applies after 12 months|Withdrawal takes 1-2 business days
The reporting at EconoLabInvest is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Great customer service|Competitive fees|Multiple order types
Cons: Limited social trading features
I was contacted by EconoLabInvest through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Cons: Lost entire investment|Reported to authorities|Unresponsive
Opened my account with EconoLabInvest after my brother mentioned them 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: Good analytical tools|Personal attention|Wide product range|Dividend tracking
Cons: None so far|Slow to add new assets
I was about to invest with EconoLabInvest but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Conduct Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Unauthorized firm|Found in IOSCO warnings database
I joined EconoLabInvest through a financial advisor and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Dedicated account manager|Quick verification|Social trading features
Cons: Account statements could be more detailed|No crypto staking
I am in a dispute with EconoLabInvest over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Wide product range|Instant funding
Cons: Search feature is basic
I requested my data from EconoLabInvest under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Easy withdrawals|Comprehensive tools|Professional team|Clean UI
Cons: Live chat only during business hours
I closed a profitable position at EconoLabInvest and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Demo account available|Quick verification|Customizable dashboard|Wide product range
Cons: Some tools only available on higher tiers|Limited cryptocurrency options
EconoLabInvest had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Clean UI|Copy trading available
Cons: Could offer more webinars