Lenders Care Limited has been flagged by Financial Conduct Authority for "Unauthorised". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I am in a dispute with Lenders Care Limited 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: Transparent fees|Intuitive for beginners|Smooth onboarding|Customizable dashboard
Cons: Wish they had more educational resources
I referred a friend to Lenders Care Limited after a friend recommended them. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Good mobile app|Instant funding|Detailed reporting
Cons: None so far|Limited ETF selection
Lenders Care Limited advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Regular updates|Demo account available
Cons: Account statements could be more detailed|Inactivity fee applies after 12 months
Customer support at Lenders Care Limited seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Easy withdrawals|Automated trading options
Cons: Could offer more webinars|Search feature is basic
Tried to withdraw my funds from Lenders Care Limited 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: Cannot withdraw funds|Not regulated|Pressure tactics
After for over three years with Lenders Care Limited 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: Low minimum deposit|Tax reports included|Clear documentation|Fast support response
Cons: Minimum deposit could be lower
I had a dispute with Lenders Care Limited 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: Automated trading options|Stable platform|Risk management tools
Cons: Email notifications too frequent|Research section could be deeper
After seeing ads for Lenders Care Limited online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Financial Conduct Authority. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
I trusted Lenders Care Limited 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 platform improvements|Intuitive for beginners|Fast execution|Real-time alerts
Cons: Slow to add new assets|Desktop app not available on Linux
I requested my data from Lenders Care Limited 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: Fast execution|Instant funding|Easy to use platform|No hidden fees
Cons: No live chat on mobile|Nothing significant