@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.
After using @Lars FP / Forex Place Trade since last summer, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Intuitive for beginners|Low minimum deposit|Personal attention
Cons: No dark mode on mobile|Nothing significant
@Lars FP / Forex Place Trade changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Smooth onboarding|Fast execution|Good analytical tools|Two-factor authentication
Cons: Could offer more webinars|Research section could be deeper
I signed up with @Lars FP / Forex Place Trade while looking for alternatives to my previous provider and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Demo account available|Educational resources|Multi-currency support|API access
Cons: Onboarding videos are outdated
I opened an account with @Lars FP / Forex Place Trade for a few weeks now ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Reliable uptime|Easy to use platform|Multi-currency support
Cons: Desktop app not available on Linux
I lost a significant amount because @Lars FP / Forex Place Trade 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: Detailed reporting|Clear documentation|Fast support response
Cons: Website design could be more modern