Lemif (lemif.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: lemif.com.
After using Lemif (lemif.com) since early this year, 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: Segregated accounts|Dividend tracking|Intuitive for beginners|Good mobile app
Cons: Charting tools need more indicators
I trusted Lemif (lemif.com) 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: Automated trading options|Educational resources
Cons: Spreads widen during volatile periods
Lemif (lemif.com) 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: Social trading features|Customizable dashboard|Copy trading available
Cons: No dark mode on mobile
I wanted to transfer my portfolio from another broker to Lemif (lemif.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: Tax reports included|Responsive team|Good analytical tools
Cons: Wait times can be long during peak hours
Lemif (lemif.com) 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: Dividend tracking|Two-factor authentication|Fast support response
Cons: Wish they had more educational resources|No crypto staking
I have been trying to close my account with Lemif (lemif.com) for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Educational resources|Full transparency|Responsive team|Fast execution
Cons: No dark mode on mobile|No crypto staking
The spread at Lemif (lemif.com) is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them through a podcast recommendation and initially thought the platform was good - until I started trading seriously.
Pros: Tax reports included|Excellent charting
Cons: Inactivity fee applies after 12 months
After for close to eighteen months with Lemif (lemif.com) I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Social trading features|Real-time alerts
Cons: No integrated tax optimization
Do not believe the bonus offer from Lemif (lemif.com). The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited through a financial advisor and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Easy to use platform|Segregated accounts|Social trading features
Cons: No integrated tax optimization
I joined Lemif (lemif.com) while looking for alternatives to my previous provider 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: Risk management tools|Wide product range|Automated trading options
Cons: Limited cryptocurrency options|Wish they had more educational resources