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.
The only good thing about Lobsacpower / lobsacpower.com is that they remind you why regulation matters. I found them based on a colleague's 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: Professional team|Fast execution|Social trading features
Cons: Wait times can be long during peak hours
My card was charged twice by Lobsacpower / lobsacpower.com on the same day. I had to dispute it with my bank. Lobsacpower / lobsacpower.com then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Automated trading options|Easy to use platform|Instant funding|Demo account available
Cons: None so far|Email notifications too frequent
I looked into Lobsacpower / lobsacpower.com and found they appear in the regulatory warnings database. Financial Conduct Authority 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.
Cons: Listed in IOSCO I-SCAN|May not be authorized in your jurisdiction