LionsTrade has been flagged by Alberta Securities Commission for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I trusted LionsTrade 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: Easy to use platform|Good mobile app|Instant funding
Cons: No phone support on weekends|None so far
Several red flags with LionsTrade: (1) They promise unrealistically high returns, (2) They're not registered with Alberta Securities Commission, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
The hidden fees at LionsTrade are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Professional team|Segregated accounts
Cons: Could offer more webinars
After for the past six months with LionsTrade 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: Multiple order types|Good mobile app
Cons: Onboarding videos are outdated
The so-called education at LionsTrade is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for over three years thinking they would help me learn.
Pros: Excellent charting|Intuitive for beginners
Cons: No live chat on mobile|Slow to add new assets
My withdrawal request from LionsTrade 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: Full transparency|Good mobile app|Multi-device support|Tax reports included
Cons: Website design could be more modern|Currency conversion fee exists
I found LionsTrade after seeing their ad online and the initial impression was positive. But for the past year and a half 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: Full transparency|Competitive fees
Cons: Could offer more webinars|Desktop app not available on Linux
LionsTrade locked my account without warning and demanded documents I had already submitted. for the past year and a half later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Automated trading options|Wide product range|Risk management tools|Fast support response
Cons: No fractional shares|Wish they had more educational resources
The only good thing about LionsTrade is that they remind you why regulation matters. I found them through a podcast recommendation. 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: Transparent fees|Good analytical tools|Clear documentation
Cons: Onboarding videos are outdated|Research section could be deeper
I looked into LionsTrade and found they appear in the regulatory warnings database. Alberta Securities Commission 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.
Pros: Information is publicly available for verification
Cons: Listed in IOSCO I-SCAN|May not be authorized in your jurisdiction