LFtrade / lftrade.net has been flagged by Swiss Financial Market Supervisory Authority for "Other". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
My withdrawal from LFtrade / lftrade.net 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. since I opened my account last year of being strung along.
Pros: Stable platform|Full transparency|Personal attention
Cons: Alert system is basic|Slow to add new assets
I referred a friend to LFtrade / lftrade.net 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: Excellent charting|Regular platform improvements|High security standards
Cons: Minor UI glitches occasionally|Limited ETF selection
I was about to invest with LFtrade / lftrade.net but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Swiss Financial Market Supervisory Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Unauthorized firm|Found in IOSCO warnings database
I invested $3,500 with LFtrade / lftrade.net after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Swiss Financial Market Supervisory Authority.
Pros: Initially responsive customer service
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
After using LFtrade / lftrade.net for a few weeks now, 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: Transparent fees|Easy to use platform|Real-time alerts
Cons: Account statements could be more detailed|None so far
The spread at LFtrade / lftrade.net is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after hearing about them at a conference and initially thought the platform was good - until I started trading seriously.
Pros: Customizable dashboard|Two-factor authentication|Risk management tools|Professional team
Cons: Limited social trading features|Website design could be more modern
I wanted to transfer my portfolio from another broker to LFtrade / lftrade.net. 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: Two-factor authentication|Regular updates|Comprehensive tools
Cons: Wish they had more educational resources|Help articles are sometimes vague
Customer support at LFtrade / lftrade.net 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: Fast deposits|Professional team
Cons: Limited ETF selection
I joined LFtrade / lftrade.net through a financial advisor 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: Transparent fees|Smooth onboarding
Cons: Limited ETF selection|Currency conversion fee exists