LKY has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Tried to withdraw my funds from LKY 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.
Cons: No regulatory oversight|Money disappeared|Fake testimonials
The reporting at LKY is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Instant funding|Two-factor authentication
Cons: Limited cryptocurrency options
I opened an account with LKY since the beginning of the year 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: Clear documentation|Regular platform improvements
Cons: No crypto staking|Inactivity fee applies after 12 months
Where do I even begin with LKY? since mid-2025 of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Comprehensive tools|Social trading features|Dedicated account manager|Fast support response
Cons: Limited social trading features
After doing some research AFTER the fact (I know, I should have done this first), I discovered that LKY 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.
Cons: No regulatory oversight|Money disappeared|Fake testimonials
Do not believe the bonus offer from LKY. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after a friend recommended them and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Tax reports included|No hidden fees|Personal attention
Cons: Slow to add new assets
The so-called education at LKY 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 a year thinking they would help me learn.
Pros: Demo account available|Portfolio tracking tools|Customizable dashboard
Cons: Spreads widen during volatile periods|Account statements could be more detailed
LKY has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Regular updates|Regular platform improvements
Cons: No crypto staking
I gave LKY a fair chance. After since I retired last year of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Clear documentation|Good mobile app|Real-time alerts|Multiple order types
Cons: Minimum deposit could be lower
After using LKY since I opened my account last year, 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: Comprehensive tools|Good analytical tools
Cons: Withdrawal takes 1-2 business days