LF Kredieten 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.
I found LF Kredieten through word of mouth in my investment club and the initial impression was positive. But for over three years later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Fast support response|Dedicated account manager|Good mobile app
Cons: Alert system is basic
LF Kredieten 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: Social trading features|Regular updates|Clear documentation|Reliable uptime
Cons: Slow to add new assets|Would like more payment methods
The spread at LF Kredieten is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after a trusted YouTuber reviewed them and initially thought the platform was good - until I started trading seriously.
Pros: Excellent charting|Demo account available|Quick verification
Cons: Could offer more webinars|Minor UI glitches occasionally
I requested my data from LF Kredieten 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: Reliable uptime|Helpful community forum|Demo account available|Easy withdrawals
Cons: Would like more payment methods