@Lars FP / Forex Place Trade 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.
I trusted @Lars FP / Forex Place Trade with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Regular updates|Automated trading options
Cons: No integrated tax optimization|No live chat on mobile
Tried to withdraw my funds from @Lars FP / Forex Place Trade and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Pros: Professional looking website
Cons: Withdrawal fees demanded|Communication cut off|Not authorized
The spread at @Lars FP / Forex Place Trade is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after my brother mentioned them and initially thought the platform was good - until I started trading seriously.
Pros: Risk management tools|Transparent fees|Reliable uptime
Cons: Inactivity fee applies after 12 months|Help articles are sometimes vague
@Lars FP / Forex Place Trade seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Real-time alerts|Low minimum deposit
Cons: Account statements could be more detailed|Wait times can be long during peak hours
The onboarding at @Lars FP / Forex Place Trade was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Clean UI|Excellent charting|Low minimum deposit
Cons: Nothing significant|Alert system is basic
@Lars FP / Forex Place Trade has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Stable platform|Regular updates|Copy trading available
Cons: Slow to add new assets|Mobile app could be improved
The so-called education at @Lars FP / Forex Place Trade is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for about five months thinking they would help me learn.
Pros: Two-factor authentication|Dividend tracking|High security standards|Multi-currency support
Cons: Desktop app not available on Linux
Where do I even begin with @Lars FP / Forex Place Trade? for about ten 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: Professional team|Competitive fees|Dedicated account manager
Cons: No fractional shares|Spreads widen during volatile periods
Do not believe the bonus offer from @Lars FP / Forex Place Trade. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited through a forum discussion and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Fast deposits|Personal attention
Cons: Slow to add new assets|Account statements could be more detailed
Several red flags with @Lars FP / Forex Place Trade: (1) They promise unrealistically high returns, (2) They're not registered with Financial Conduct Authority, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Not registered with regulators|Unrealistic promises