Cryptocurrency Exchanges

Lobsacpower / lobsacpower.com

1.5 (13 reviews)
🇬🇧 United Kingdom
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1.5
13 reviews
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About Lobsacpower / lobsacpower.com

Lobsacpower / lobsacpower.com has been flagged by Financial Conduct Authority 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.

Customer Reviews

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Not regulated - verified this myself

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Paul A.
2 months ago

I was about to invest with Lobsacpower / lobsacpower.com but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Conduct 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

Not even close to acceptable

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Olivia R.
3 months ago

Where do I even begin with Lobsacpower / lobsacpower.com? for about eight 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: Low minimum deposit|Helpful community forum

Cons: Wait times can be long during peak hours|Limited cryptocurrency options

A total embarrassment of a platform

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Patrick M.
4 months ago

I had a dispute with Lobsacpower / lobsacpower.com and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.

Pros: Helpful community forum|Market news feed|Two-factor authentication

Cons: Limited ETF selection

Disgraceful treatment of customers

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Owen P.
5 months ago

After spending for roughly four months trying to make Lobsacpower / lobsacpower.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: Regular updates|No hidden fees

Cons: Mobile app could be improved

Total fraud - reported to authorities

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Karen G.
5 months ago

After doing some research AFTER the fact (I know, I should have done this first), I discovered that Lobsacpower / lobsacpower.com 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: Lost entire investment|Reported to authorities|Unresponsive

Research is copy-paste from elsewhere

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Natalie M.
6 months ago

My withdrawal from Lobsacpower / lobsacpower.com 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. for about five months of being strung along.

Pros: Clear documentation|Good mobile app

Cons: Wait times can be long during peak hours

Stay far away from this company

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Megan M.
8 months ago

I invested $5,000 with Lobsacpower / lobsacpower.com 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 Financial Conduct Authority.

Cons: Cannot withdraw funds|Not regulated|Pressure tactics

They should be ashamed

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Lisa K.
8 months ago

I wanted to transfer my portfolio from another broker to Lobsacpower / lobsacpower.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: Good analytical tools|Two-factor authentication|Easy to use platform

Cons: Onboarding videos are outdated|No dark mode on mobile

Regulator has warned about them

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Kimberly O.
9 months ago

I opened an account with Lobsacpower / lobsacpower.com for about five months 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: Good mobile app|Dividend tracking|Competitive fees

Cons: Mobile app could be improved|Nothing significant

Fraudulent fee structure

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Iris S.
9 months ago

I trusted Lobsacpower / lobsacpower.com 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: Reliable uptime|Educational resources|Dividend tracking|Demo account available

Cons: Spreads widen during volatile periods