Llyodsbit (llyodsbit.com) has been flagged by ASIC (Australia) for "Unlicensed". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: llyodsbit.com.
After since the beginning of the year with Llyodsbit (llyodsbit.com) 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: Clean UI|Great customer service|Clear documentation|Market news feed
Cons: Limited ETF selection|Inactivity fee applies after 12 months
After spending for over three years trying to make Llyodsbit (llyodsbit.com) work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Good analytical tools|Tax reports included|Transparent fees|Low minimum deposit
Cons: Minimum deposit could be lower
I wanted to transfer my portfolio from another broker to Llyodsbit (llyodsbit.com). 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: Market news feed|Two-factor authentication|Copy trading available
Cons: Onboarding videos are outdated
Where do I even begin with Llyodsbit (llyodsbit.com)? for the past six months 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: Instant funding|Excellent charting|Helpful community forum|Clear documentation
Cons: No fractional shares
The spread at Llyodsbit (llyodsbit.com) is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after comparing multiple platforms and initially thought the platform was good - until I started trading seriously.
Pros: Fast execution|Clean UI|Responsive team|Two-factor authentication
Cons: Slow to add new assets|Live chat only during business hours
The onboarding at Llyodsbit (llyodsbit.com) was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Dividend tracking|Tax reports included
Cons: Limited demo account features|Mobile app could be improved
Llyodsbit (llyodsbit.com) locked my account without warning and demanded documents I had already submitted. for about five months later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Fast support response|Fast execution
Cons: No phone support on weekends|Limited cryptocurrency options
Llyodsbit (llyodsbit.com) advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Comprehensive tools|Fast support response
Cons: No phone support on weekends|Account statements could be more detailed
If you are reading this considering Llyodsbit (llyodsbit.com) - run. I wish I had read more negative reviews from a review site like this one. I thought the positive ones were real. Maybe some are. My experience over for a few weeks now has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Intuitive for beginners|Instant funding|Customizable dashboard|Fast support response
Cons: No crypto staking
After since last summer with Llyodsbit (llyodsbit.com), I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: Dedicated account manager|Competitive fees|Educational resources
Cons: Limited demo account features