Lenox Hub (lenoxhub.com) has been flagged by ASIC (Australia) for "Unlicensed". Phones: +1(850)212-9879
Addresses: 15 Washington Ave, Suffern, NY 10901, United States This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: lenoxhub.com.
The platform at Lenox Hub (lenoxhub.com) is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After since last summer of dealing with this, I have had enough.
Pros: Portfolio tracking tools|Helpful community forum|Copy trading available
Cons: Limited ETF selection
Lenox Hub (lenoxhub.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: Market news feed|Dedicated account manager|Easy to use platform
Cons: Minimum deposit could be lower|Limited social trading features
My withdrawal request from Lenox Hub (lenoxhub.com) has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Instant funding|Economic calendar|Portfolio tracking tools
Cons: Minor UI glitches occasionally|Spreads widen during volatile periods
The only good thing about Lenox Hub (lenoxhub.com) is that they remind you why regulation matters. I found them after hearing about them at a conference. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Economic calendar|Fast deposits
Cons: Charting tools need more indicators|Alert system is basic
I referred a friend to Lenox Hub (lenoxhub.com) from a blog post comparing services. 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: Easy to use platform|API access
Cons: Slow to add new assets
Do not be fooled by the professional-looking website. Behind the scenes, Lenox Hub (lenoxhub.com) is disorganized and incompetent. I found them through a forum discussion and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Low minimum deposit|Educational resources|Quick verification
Cons: Help articles are sometimes vague|Search feature is basic
I closed a profitable position at Lenox Hub (lenoxhub.com) and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Segregated accounts|High security standards
Cons: Limited ETF selection
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Lenox Hub (lenoxhub.com) said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: No hidden fees|Transparent fees
Cons: Nothing significant|Mobile app could be improved
I opened an account with Lenox Hub (lenoxhub.com) for about eight months 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: Intuitive for beginners|Dedicated account manager|No hidden fees
Cons: Spreads widen during volatile periods