Lake Finance Bank (lakefinancebank.com) has been flagged by ASIC (Australia) for "Unlicensed". Phones: +1(619)5730937
Addresses: 121 King St Melbourne VIC 3000 Australia This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: lakefinancebank.com.
I lost a significant amount because Lake Finance Bank (lakefinancebank.com) did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Dedicated account manager|Regular platform improvements|Risk management tools|Great customer service
Cons: Onboarding videos are outdated|No live chat on mobile
I had a dispute with Lake Finance Bank (lakefinancebank.com) and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.
Pros: Competitive fees|Intuitive for beginners|Full transparency|Demo account available
Cons: Minimum deposit could be lower|Website design could be more modern
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. Lake Finance Bank (lakefinancebank.com) said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Regular platform improvements|Social trading features
Cons: Wish they had more educational resources|Mobile app could be improved
Do not be fooled by the professional-looking website. Behind the scenes, Lake Finance Bank (lakefinancebank.com) is disorganized and incompetent. I found them after a friend recommended them and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Low minimum deposit|Market news feed|Detailed reporting
Cons: Desktop app not available on Linux
After for over a year with Lake Finance Bank (lakefinancebank.com), I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: Detailed reporting|Educational resources
Cons: No fractional shares|Website design could be more modern
The hidden fees at Lake Finance Bank (lakefinancebank.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: Intuitive for beginners|Multi-device support
Cons: No live chat on mobile
What really bothers me about Lake Finance Bank (lakefinancebank.com) is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them after doing extensive research and I fell for the polished exterior. Never again.
Pros: Comprehensive tools|High security standards
Cons: Could offer more webinars|Desktop app not available on Linux
I gave Lake Finance Bank (lakefinancebank.com) a fair chance. After for just over a year of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Full transparency|Market news feed|Fast support response|High security standards
Cons: Alert system is basic|None so far