Leningplus has been flagged by Financial Services and Markets Authority for "Fraud and Other Types of Misconduct". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
The spread at Leningplus 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 forum discussion and initially thought the platform was good - until I started trading seriously.
Pros: Dedicated account manager|Fast deposits|Risk management tools
Cons: Onboarding videos are outdated|Limited demo account features
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Leningplus is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Pros: Professional looking website
Cons: Withdrawal fees demanded|Communication cut off|Not authorized
After seeing ads for Leningplus online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Financial Services and Markets Authority. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Pros: Website looks legitimate on the surface
Cons: Flagged by Financial Services and Markets Authority|Cannot verify credentials
Tried to withdraw my funds from Leningplus 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: Initially responsive customer service
Cons: Lost entire investment|Reported to authorities|Unresponsive
The platform itself is okay, but the customer service at Leningplus is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Dividend tracking|Full transparency|Market news feed|Two-factor authentication
Cons: No fractional shares
I looked into Leningplus and found they appear in the regulatory warnings database. Financial Services and Markets Authority has issued a notice about this firm. Whether this is a misunderstanding or a serious concern, the fact remains that proper due diligence is essential. Always verify the regulatory status of any company before investing your hard-earned money.
Cons: Appears in regulatory warnings database|Uncertain regulatory status
My withdrawal from Leningplus was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for the past six months of being strung along.
Pros: Regular platform improvements|Intuitive for beginners|Good analytical tools
Cons: Limited demo account features
KYC with Leningplus is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Professional team|Great customer service|Automated trading options|Excellent charting
Cons: Cannot customize dashboard fully